Bitcoin Forum
November 19, 2017, 09:42:53 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 659 »
  Print  
Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 982690 times)
mbuk81
Sr. Member
****
Offline Offline

Activity: 434


View Profile
October 09, 2016, 10:35:39 PM
 #1161

how does this work are u able to say 100% that bitcoin you sent cant be traced back to you ?

MY SIGNATURE SPACE TO LET AT A GREAT PRICE OR FREE IF U ASK
1511127773
Hero Member
*
Offline Offline

Posts: 1511127773

View Profile Personal Message (Offline)

Ignore
1511127773
Reply with quote  #2

1511127773
Report to moderator
1511127773
Hero Member
*
Offline Offline

Posts: 1511127773

View Profile Personal Message (Offline)

Ignore
1511127773
Reply with quote  #2

1511127773
Report to moderator
1511127773
Hero Member
*
Offline Offline

Posts: 1511127773

View Profile Personal Message (Offline)

Ignore
1511127773
Reply with quote  #2

1511127773
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511127773
Hero Member
*
Offline Offline

Posts: 1511127773

View Profile Personal Message (Offline)

Ignore
1511127773
Reply with quote  #2

1511127773
Report to moderator
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 09, 2016, 10:40:27 PM
 #1162

how does this work are u able to say 100% that bitcoin you sent cant be traced back to you ?
zcash tech is indeed pretty cool
the bitcoin that is sent is in transparent mode, so it can be traced
however, once it is in KMD, then you can protect it by converting it to a zero knowledge proof. And then transact with it in that form

https://github.com/zcash/zcash/wiki/specification

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
chris_nor
Full Member
***
Offline Offline

Activity: 182



View Profile
October 10, 2016, 12:11:13 AM
 #1163

Looks like an interesting coin. Wondering if I should join the campaign. But I'm a little iffy over the fact that it needs Bitcoins to work. I know it will be a while, but what happens once thouse Bitcoins run out?

Mokuton
Full Member
***
Offline Offline

Activity: 183



View Profile
October 10, 2016, 02:16:41 AM
 #1164

Announcement! Komodo welcomes pre-ICO angel investors!

We will accept investments from angel investors before the ICO starts.

PreICO Angel Investors Terms:

Investments >250 BTC will receive 30% bonus instead of 25%.
Investments >500 BTC will receive 35% bonus instead of 25%.

The Offer will end right when the ICO starts on October 15th.
The total amount that can be raised with those terms is 5000 BTC.

Contact TwinWinNerD to take advantage of this deal, it is a manual process.

Best regards,
Komodo Team

WOW, this is beneficial to whales actually.

You are going to scare away a lot of small investors. Very few investors are going to invest 250 BTC with anonymous Team

This is exactly what we have taken a stand against. Greed.





lol everyone in crypto is greedy, don't be silly.

I for one welcome pre ICO whales, the bigger the investors the better the potential rollercoaster will be Smiley


But you got to admit the max greed on this one. dev gets ICO plus 10% of the supply, plus whoever bought into his unfinished projects in the past. You all just a bunch of sheeps in a grand scheme of things lol don't be blinded

Rkana
Sr. Member
****
Offline Offline

Activity: 256


View Profile
October 10, 2016, 02:16:59 AM
 #1165

Announcement! Komodo welcomes pre-ICO angel investors!

We will accept investments from angel investors before the ICO starts.

PreICO Angel Investors Terms:

Investments >250 BTC will receive 30% bonus instead of 25%.
Investments >500 BTC will receive 35% bonus instead of 25%.

The Offer will end right when the ICO starts on October 15th.
The total amount that can be raised with those terms is 5000 BTC.

Contact TwinWinNerD to take advantage of this deal, it is a manual process.

Best regards,
Komodo Team
With this announcement, I think I will pass Komodo ICO and just mine ZCash. What is the rush to get 5000BTC up front?
Good luck with your project.

I Do COIN SERVICES (WEB JsWALLET + INSIGHT EXPLORER | ELECTRUM)
I Can Make You an ETHEREUM FORK And OTHER COIN DEVELOPMENT - PM Me For More Info
CryptoMrM
Hero Member
*****
Offline Offline

Activity: 721


View Profile
October 10, 2016, 04:19:14 AM
 #1166

Announcement! Komodo welcomes pre-ICO angel investors!

We will accept investments from angel investors before the ICO starts.

PreICO Angel Investors Terms:

Investments >250 BTC will receive 30% bonus instead of 25%.
Investments >500 BTC will receive 35% bonus instead of 25%.

The Offer will end right when the ICO starts on October 15th.
The total amount that can be raised with those terms is 5000 BTC.

Contact TwinWinNerD to take advantage of this deal, it is a manual process.

Best regards,
Komodo Team

Whilst I don't really like these sort of things it's important to note that people using BTCD to 'buy-in' to the ico will benefit from this as they get the averaged ico bonus which would include these higher %'s.
CryptoNick
Legendary
*
Offline Offline

Activity: 932


View Profile
October 10, 2016, 04:43:48 AM
 #1167

I am sitting this one out. I am sure the ICO will go just fine. It would have been ideal if there were just a swap of BTCD and allow Notary Nodes to start mining blocks with dPoW. Then the Notary Nodes get paid by selling their coins or they keep them and speculate. Now would be the time to rethink using an ICO. The swap of BTCD would make the value the same to start or cause buying in the market right now raising the price, and at that point if you want 200M coins you raise the Block reward. I just don't see why KMD needs so many coins. Since the devs need payment, instead of an ICO just have a premine for the 10%.  Then miners have incentive to mine the rest and support the network and the original BTCD holders don't get diluted initially 1.2M to 100M-200M even with the 25% it makes them a fraction of the new network. Transactions would have tx's fees to pay the BTC fees etc.

Please read the post that james wrote on why the ICO fundraiser is neccessary. If it was that easy it would have been done.

What happens if no one sends BitCoin in for the ICO? What is the minimum to start the coin?
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 382


View Profile WWW
October 10, 2016, 04:55:34 AM
 #1168

Did the dev team ever consider using Zcoin over Zcash?
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 07:03:12 AM
 #1169

Did the dev team ever consider using Zcoin over Zcash?
you must be kidding.

why would we choose an obsolete 3 year old libzerocoin implementation that has significant bloat issues?

it would be like choosing an Intel 8080 CPU over Xeon

so no, never considered zcoin

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 07:04:08 AM
 #1170

I am sitting this one out. I am sure the ICO will go just fine. It would have been ideal if there were just a swap of BTCD and allow Notary Nodes to start mining blocks with dPoW. Then the Notary Nodes get paid by selling their coins or they keep them and speculate. Now would be the time to rethink using an ICO. The swap of BTCD would make the value the same to start or cause buying in the market right now raising the price, and at that point if you want 200M coins you raise the Block reward. I just don't see why KMD needs so many coins. Since the devs need payment, instead of an ICO just have a premine for the 10%.  Then miners have incentive to mine the rest and support the network and the original BTCD holders don't get diluted initially 1.2M to 100M-200M even with the 25% it makes them a fraction of the new network. Transactions would have tx's fees to pay the BTC fees etc.

Please read the post that james wrote on why the ICO fundraiser is neccessary. If it was that easy it would have been done.

What happens if no one sends BitCoin in for the ICO? What is the minimum to start the coin?
Angel investors appear to have provided enough for the minimum already, so no worries on this

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 07:13:44 AM
 #1171

Announcement! Komodo welcomes pre-ICO angel investors!

We will accept investments from angel investors before the ICO starts.

PreICO Angel Investors Terms:

Investments >250 BTC will receive 30% bonus instead of 25%.
Investments >500 BTC will receive 35% bonus instead of 25%.

The Offer will end right when the ICO starts on October 15th.
The total amount that can be raised with those terms is 5000 BTC.

Contact TwinWinNerD to take advantage of this deal, it is a manual process.

Best regards,
Komodo Team
With this announcement, I think I will pass Komodo ICO and just mine ZCash. What is the rush to get 5000BTC up front?
Good luck with your project.
I dont know why everybody assumes that the max specified amount is anything other than the maximum.

We had to pick some limit to prevent whales from buying up the entire ICO, 16% does not seem like an unreasonable maximum, especially since the actual amount coming in will likely be a lot less. it cannot be more, it will most likely be a lot less.

there is no rush for 5000btc. angel investors proactively approached us and made a reasonable request to get a slightly bigger bonus. we accomodated and made the identical offer available to everybody else.

if you criticize us for working with investors to secure funds, then maybe the fact that we are conducting an ICO to raise funds has been overlooked? is the criticism that we should have rejected the funds?

If you criticize us for offering the same deal to everyone, instead of keeping it secret and/or closed to public like most other projects, does that mean you prefer that we keep secrets about this or dont offer it globally?


http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 07:25:45 AM
 #1172

Looks like an interesting coin. Wondering if I should join the campaign. But I'm a little iffy over the fact that it needs Bitcoins to work. I know it will be a while, but what happens once thouse Bitcoins run out?
At 25 cents per KMD the mined amount will cover the costs of the notary nodes, so the subsidy is not expected to last forever.

The BTC txfee costs will be less than the costs for the notary nodes.

I want to have at least a 10 year buffer, so for all that are complaining that we are raising funds or it is some sort of greed, they need to realize that it costs BTC to pay continuous BTC fees and to have many high end servers.

Once it is in place, it becomes a barrier to entry. Granted anybody else could fork the code, but still the entire notary nodes have to be reproduced and the BTC for txfees would be needed. Also, once KMD is live, people can just use KMD and obtain the benefits of being secured by BTC (indirectly) at a fraction of the cost.

Each user of KMD will create demand for KMD, usually on a continuous basis, and that will provide a base of demand. We will be migrating the various NXT assets to assetchains, which will use dPoW so there will be some reference cases available. By using KMD to secure the assetchains, for a minimal cost, each asset will obtain BTC level security for its transactions and not be a derivative crypto at the mercy of some master chain. the txfees for users would be denominated in that asset and the asset issuer would just need to purchase enough KMD to pay for the service.

Beyond assetchains, there will be smart chains which are special purpose blockchains that implement a dapp. think of it like an ASIC that does one thing and only one thing, vs a CPU that is running and OS and doing many things at once. We expect this to be a very popular way to utilize blockchain tech and the isolation it provides combined with efficiency that is further secured by dPoW will hopefully make a good demand for KMD.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jd1959
Hero Member
*****
Offline Offline

Activity: 508


I'm on drugs, what's your excuse?


View Profile
October 10, 2016, 09:59:16 AM
 #1173

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon

          dICO Disguised Instant Cash Out
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 10:00:06 AM
 #1174

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon
you have it wrong

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 10:02:20 AM
 #1175

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon
1) BTCD isnt mined, it gets 5% APR via staking

2) the mining by notary nodes is designed to pay for the costs of running the notary node.

With KMD, the plan is to payout accrued interest (max weekly) whenever you spend an output. So the 5% from 1) is achieved without any need for staking.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jd1959
Hero Member
*****
Offline Offline

Activity: 508


I'm on drugs, what's your excuse?


View Profile
October 10, 2016, 10:14:15 AM
 #1176

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon
1) BTCD isnt mined, it gets 5% APR via staking

2) the mining by notary nodes is designed to pay for the costs of running the notary node.

With KMD, the plan is to payout accrued interest (max weekly) whenever you spend an output. So the 5% from 1) is achieved without any need for staking.

OK so I get my 5% APR only when i spend it, I can't stake it? sorry if I seem stupid but i confuse staking and mining

Cheers Jon Embarrassed

          dICO Disguised Instant Cash Out
jl777
Legendary
*
Offline Offline

Activity: 1162


View Profile WWW
October 10, 2016, 10:20:39 AM
 #1177

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon
1) BTCD isnt mined, it gets 5% APR via staking

2) the mining by notary nodes is designed to pay for the costs of running the notary node.

With KMD, the plan is to payout accrued interest (max weekly) whenever you spend an output. So the 5% from 1) is achieved without any need for staking.

OK so I get my 5% APR only when i spend it, I can't stake it? sorry if I seem stupid but i confuse staking and mining

Cheers Jon Embarrassed
KMD doesnt have staking built in and utxo based staking adds a lot of blockchain bloat, NXT based staking adds a lot of extra work and both increase chance of bugs.

my opinion is that spend based accrued interest payments is the lowest footprint method to reward the 5% APR and ultimately I think that is what people care about, ie. getting their 5%

you are earning the 5% automatically, all the time.

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
CryptoSporidium
Sr. Member
****
Offline Offline

Activity: 382


View Profile WWW
October 10, 2016, 11:14:28 AM
 #1178

Did the dev team ever consider using Zcoin over Zcash?
you must be kidding.

why would we choose an obsolete 3 year old libzerocoin implementation that has significant bloat issues?

it would be like choosing an Intel 8080 CPU over Xeon

so no, never considered zcoin

I was thinking more of how parameter generation happens in both, I just read this comparison,

http://blog.zcoin.tech/zcoin-and-zcash/
jd1959
Hero Member
*****
Offline Offline

Activity: 508


I'm on drugs, what's your excuse?


View Profile
October 10, 2016, 11:22:31 AM
 #1179

Please tell me that I've got it wrong

1) to mine BTCD I just need some BTCD in my wallet online, unlocked for staking

2)To mine BTCD2/Komodo I need to run 1of 64 notary nodes

Cheers Jon
1) BTCD isnt mined, it gets 5% APR via staking

2) the mining by notary nodes is designed to pay for the costs of running the notary node.

With KMD, the plan is to payout accrued interest (max weekly) whenever you spend an output. So the 5% from 1) is achieved without any need for staking.

OK so I get my 5% APR only when i spend it, I can't stake it? sorry if I seem stupid but i confuse staking and mining

Cheers Jon Embarrassed
KMD doesnt have staking built in and utxo based staking adds a lot of blockchain bloat, NXT based staking adds a lot of extra work and both increase chance of bugs.

my opinion is that spend based accrued interest payments is the lowest footprint method to reward the 5% APR and ultimately I think that is what people care about, ie. getting their 5%

you are earning the 5% automatically, all the time.

Does this mean that I can't accrue the 5% APR and end up with more? I only get my 5% APR when I spend them(coins that I own in local wallet)?

Cheers Jon  Huh

          dICO Disguised Instant Cash Out
yassin54
Legendary
*
Online Online

Activity: 1344



View Profile
October 10, 2016, 11:35:42 AM
 #1180

Komodo Dev Blog: Notarized Data is Written to BTC Blockchain.






░░░░░░░░░▀▀▀█████████
░░░░░░░░░░░░░░░████████
░░░░▄███████▄░░░░████████
░░░░███████████░░░░██████
░░░▀███████████░░░░████░░
███▄░░░░░░░░░░▀████░░░███░░██
█████▄▄▄▄▄▄▄▄▄▄▄████░░░██░░██
█████████████▄░░████░░░░░
░░█████████████░░█████
░░░░█████████▀░░░██████▌
░░░░░░░▀▀▀▀░░░░▄████████▌
░░░░░░░░░░▄▄▄▄███████
SuperNET.org
..BarterDEX..
.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
DECENTRALIZED CRYPTOCURRENCY EXCHANGE
Developed to Unite Coin Communities | ✔ SECURE ✔ FREE ✔ VISIBILITY ✔ EASY INTEGRATION |

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

Pages: « 1 ... 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 [59] 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 ... 659 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!