tclo
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January 05, 2017, 11:24:46 AM |
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This sounds like a good time to repost this that was posted a few times in the past:
"
We try to swap all BTCD there exist throughout 1 full year. If someone has BTCD it can be swapped, no matter when it is bought. You could buy BTCD 6 months from now and swap it for KMD.
BTCD Snapshot to get REVS
- The snapshot is not related to BTCD swap. - The snapshot is to get an additional asset called REVS. - The privatekeys are used to redeem the asset. - The snapshot has not happened yet! - to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site
BTCD Swap to get KMD
- has nothing to do with the snapshot - is done through the ICO site - lasts 1 full year - swapped BTCD ends up to our account, where it is publicly visible (nothing will happen to the swapped BTCD) - hopefully every single BTCD coin will get swapped during the year
Schedule
- ICO site accepts BTCD - 7 days after that BTCD snapshot happens & the swapping begins - Elections begin, and last 2 weeks - Elections are over, elected notary nodes will get ratified, KMD will be distributed
The conclusion
If you buy BTCD it can be swapped at any time. To also receive the REVS asset you need to have a privatekey that contained BTCD during the snapshot. BTCD swap and snapshot are two separate things.
During the year BTCD can be swapped for KMD with the exchange rate we announced: 1 BTCD = 50.448 KMD (However the exchange rate decreases slightly throughout the year because BTCD staking expands the supply)
'
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Whoever mines the block which ends up containing your transaction will get its fee.
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jwiz168
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January 05, 2017, 11:53:33 AM |
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A Happy Announcement!
The ICO site is finished, and everything appears to be working correctly. Next we will test it carefully and make sure it works. Also some translations are missing.
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
Great job dev and the whole team. Congratulation for the milestone. Please test it thoroughly before making it available to the public.
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tclo
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January 05, 2017, 11:54:26 AM |
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A Happy Announcement!
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
Shouldn't the swap start 7 days after the site officially begins to accept BTCD? "Schedule - ICO site accepts BTCD - 7 days after that BTCD snapshot happens & the swapping begins - Elections begin, and last 2 weeks - Elections are over, elected notary nodes will get ratified, KMD will be distributed"
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KomodoPlatform
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January 05, 2017, 12:43:59 PM |
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A Happy Announcement!
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
Shouldn't the swap start 7 days after the site officially begins to accept BTCD? "Schedule - ICO site accepts BTCD - 7 days after that BTCD snapshot happens & the swapping begins - Elections begin, and last 2 weeks - Elections are over, elected notary nodes will get ratified, KMD will be distributed" We will revisit this, as the swap happens automatically when you deposit BTCD. Thus the swap could start as soon as the new features are online. More info will come after we have tested the ICO site.
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bitkokos2
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January 05, 2017, 01:26:37 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpeg
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tclo
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January 05, 2017, 01:54:24 PM |
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We will revisit this, as the swap happens automatically when you deposit BTCD. Thus the swap could start as soon as the new features are online. More info will come after we have tested the ICO site.
You have been posting that timetable for months. Don't you think perhaps you should keep to it? Be sure to give us a week's notice for the BTCD snapshot if nothing else.
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tclo
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January 05, 2017, 01:55:47 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegYes of course the BTC market is highly manipulated and I've been saying this was a pump and that there would be a huge drop like this. It's a tough lesson, but all you had to do is look at a historical chart and you would see this is how it plays out every single time.
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super55
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January 05, 2017, 02:23:34 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegThis is the reasons why i don't do trading, because i'm a very bad trader. Anytime the price can drop so low, especially Bitcoin...and you will loss your money. That why i prefer to invest in Alcoins and i hold for a long term investment (in 2-3 years it can grow 10%-500%+) if you invest in the right coins. I have a Strong Faith in Komodo, because we have a very solid, dedicated and professional Team running Komodo/Supernet. And also in jl777, because he is very dedicated in his work and project...you can see him do coding Supernet for years now and non-stop. So i trully have so much respect for his dedication and all Komodo Team...for their dedication to this project and the way they took care their investors My suggestion is, hold your Komodo coin for long term investment (1-3 years), you will make good return in the end...this is how i make profits so far. About Bitcoin value dropping today, my advice for you is DON"T take it too personally....if you have Bitcoin hold it for a bit longer, i'm very sure Bitcoin price will rise again very high in the end of this year on December, where usually demand for Bitcoin will get high again.
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tclo
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January 05, 2017, 02:33:59 PM |
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Well that entire 10 BTC worth of BTCD was bought up on Poloniex already at .0031. Then they put another 3 BTC at that price and it was bought up. Now there is 7 BTC at .0032. I'm not sure if they are trying to keep the price down or trying to cash out of a lot of BTCD, but doesn't make much sense to put a sell wall there, when could put it 10 or 20% higher and would sell just about as quickly.
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wrxbuzz
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January 05, 2017, 02:42:09 PM |
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Well that entire 10 BTC worth of BTCD was bought up on Poloniex already at .0031. Then they put another 3 BTC at that price and it was bought up. Now there is 7 BTC at .0032. I'm not sure if they are trying to keep the price down or trying to cash out of a lot of BTCD, but doesn't make much sense to put a sell wall there, when could put it 10 or 20% higher and would sell just about as quickly.
Must be a fomo whale who missed the ico, fortunately he jumped on the board, last chance for him. Team will receive more fund if more btcd swap.
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RichardT
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January 05, 2017, 02:43:57 PM |
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A Happy Announcement!
The ICO site is finished, and everything appears to be working correctly. Next we will test it carefully and make sure it works. Also some translations are missing.
If we encounter no bugs then the swap will begin very soon (few days). We are now getting prepared for that, and then announce the schedule for elections and KMD distribution.
The swap has not yet started.
Well this is definitely better than "soon". Please continue to keep us updated.
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tclo
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January 05, 2017, 03:13:37 PM |
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Well that entire 10 BTC worth of BTCD was bought up on Poloniex already at .0031. Then they put another 3 BTC at that price and it was bought up. Now there is 7 BTC at .0032. I'm not sure if they are trying to keep the price down or trying to cash out of a lot of BTCD, but doesn't make much sense to put a sell wall there, when could put it 10 or 20% higher and would sell just about as quickly.
Must be a fomo whale who missed the ico, fortunately he jumped on the board, last chance for him. Team will receive more fund if more btcd swap. It is someone selling BTCD though...makes no sense really to dump it for such a low price, when could get twice as many KMD as in the ICO right now at .00320 which is what they are selling it at. But about 5.8 BTC worth still left on Poloniex. I'm sure that will get eaten up, but the question is how much does he have and will he keep selling more at the ask. And again, why doesn't he sell it for a higher price. It would sell just about as quickly with the swap coming up...very odd. But at least good for anyone who wants KMD for half price right now. Once that is gone at .00320 (and assuming he doesn't put more up there, which is likely), there is not much on the order book up to .0045 or so, which is obviously about 50% higher, so you would get half the KMD as at .00320, after the swap.
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Johnny00
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January 05, 2017, 05:04:37 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegAll markets have speculation. Did you think bitcoin will keep going up forever? This is a normal correction.
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Bannedseller
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January 05, 2017, 05:12:23 PM |
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Well that entire 10 BTC worth of BTCD was bought up on Poloniex already at .0031. Then they put another 3 BTC at that price and it was bought up. Now there is 7 BTC at .0032. I'm not sure if they are trying to keep the price down or trying to cash out of a lot of BTCD, but doesn't make much sense to put a sell wall there, when could put it 10 or 20% higher and would sell just about as quickly.
Who is selling and why?
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Thingamajig
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January 05, 2017, 05:18:36 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegIt's china. They've been behind bitcoins pump and just as they did before, they pump it for a dramatic exit. Fiatleak.com shows it all. To quote myself from another thread: Given that China is behind this pump - and behind the bulk of BTC mining - I don't anticipate the BTC pump to last much longer before they swoop in with a statement on capital controls or some other doom and gloom outlook, causing a panic sell. Exactly what happend before a few years ago. there's too much chinese dominance in BTC not just in trades but in mining too and this puts me off BTC on the whole. Positioning myslf in ALT's and NEM is among that portfolio before the BTC dump for FIAT/ALT's begins.
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bitkokos2
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January 05, 2017, 05:52:38 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegYes of course the BTC market is highly manipulated and I've been saying this was a pump and that there would be a huge drop like this. It's a tough lesson, but all you had to do is look at a historical chart and you would see this is how it plays out every single time. I know. I am in cryptos for 4 years. I will exchange most of my coins into BTC and with the first chance, I will say goodbye. Even now is a good chance as I bought BTC at 190 euros. I was planning to sell at 1100 today I might consider keeping BTCD, KMD and 1-2 others but just with no or half trust.
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jd1959
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January 05, 2017, 08:18:48 PM |
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This bitcoin rally is looking really good. This is the kind of momentum that Komodo could really use, both for exposure and for market value. But hoping everything will be ready before it's too late and bitcoin profits go into other projects/coins instead.
Don't worry the rally will be well and truly over before anything is ready here Cheers Jon
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dICO Disguised Instant Cash Out
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bitkokos2
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January 05, 2017, 09:20:53 PM |
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What happened today made me lose any faith/trust in crypto world. Markets are highly manipulated. With the first chance next time, I will sell every coin I hold (aka hodl) go back to fiat and never look back into this scam world. I know what ever goes up, goes down, but this clearly shows that some people are behind and playing. By the way, I think poloniex kissed us all. http://image.prntscr.com/image/feba8750c0d24380ab755eae8a80c1ae.jpegThis is the reasons why i don't do trading, because i'm a very bad trader. Anytime the price can drop so low, especially Bitcoin...and you will loss your money. That why i prefer to invest in Alcoins and i hold for a long term investment (in 2-3 years it can grow 10%-500%+) if you invest in the right coins. I have a Strong Faith in Komodo, because we have a very solid, dedicated and professional Team running Komodo/Supernet. And also in jl777, because he is very dedicated in his work and project...you can see him do coding Supernet for years now and non-stop. So i trully have so much respect for his dedication and all Komodo Team...for their dedication to this project and the way they took care their investors My suggestion is, hold your Komodo coin for long term investment (1-3 years), you will make good return in the end...this is how i make profits so far. About Bitcoin value dropping today, my advice for you is DON"T take it too personally....if you have Bitcoin hold it for a bit longer, i'm very sure Bitcoin price will rise again very high in the end of this year on December, where usually demand for Bitcoin will get high again. It's Chinese New year in a few days so Chinese are playing with BTC to make it a very happy new year. I have trust to jl777 and komodo but no trust to those who might pump it and then dump it. LOL As for Bitcoin, I took it personally not only because I wanted to sell it, but because I wanted to sell and buy lower to get more of it.
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yassin54
Legendary
Offline
Activity: 1540
Merit: 1000
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January 05, 2017, 09:38:21 PM |
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Iguana Update #18
Windows, Mac and Linux versions are still in debugging phase. There are some resistant bugs breaking installation or running processes. But no bugs are immortal, they will be killed soon.
Testing
We covered the already released and newly coded features for 0.2 release with ultimate unit tests, which helped to cover minor to major bugs.
Automated tests will take much more time, so 100% automated tests coverage is in the process and will be ready later for the 0.3 or 0.4 releases. It is not crucial for now, but later on will give us a more stable, hence reliable, application working with every tiny feature.
Responsiveness tests will be applied after the release as well.
Features
All the major features for 0.2 are coded and in code review state. Only two minor tasks left in the pipeline: minimum fee and onboarding screen for Non-Iguana mode with setup requirements for daemons, conf file and proxy. We are waiting for the rest of the team to come back from NY Eve holidays and to finish those tasks asap. The backlog for 0.2 took more time than allocated before, though we managed to implement small accompanying features within the sprint. E.g. 32 reference currencies and dynamic fee recommendations. The latest sprint gave a good a picture of the velocity and now intentions for the team extension and enforcement is obvious.
Next
We have already started designed mockups for 0.3 and I'm personally now busy with getting requirements for assetchain and PAX GUI features. Moreover, we planned to integrate EasyDex and enrich Iguana with more functionality withing a single environment. Roadmap and marketing plan are in progress and next week will be publicly presented. The roadmap will contain only urgent and confirmed features and allocated for the soon, visible future (3-6 months). I do not invent a bicycle and just benchmark all good practices and activities other crypto technologies developing companies do, along with some tricks, that might work specifically for Iguana and Komodo.
Iguana Desktop App Update
- config setting code also pushed to github. it checks if the conf file has required settings, if not, just updates the file with settings. Need to do bit more testing and probably add more conditions to config check code. - daemon starter also starts daemon, assetchain, paxchain without issue. - little more testing with Shepherd API, and then will update the GUI part in EasyDEX-GUI
so far roles of Shepherd API: - Start/Stop single coin daemon, for now only `iguana` and `komodod` - Start/Stop assetchain using `komodod` along with options passing to it in JSON data input in POST API call - setup `.conf` file of `komodod`, and any assetchain, PAX fiatchain. It will also setup `.conf` of any new assetchain a user will create using _Shephered API_
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KomodoPlatform
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January 05, 2017, 09:46:17 PM |
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And more generally speaking the Komodo wallet with T (transparent) transactions is ready. However the wallet is not yet published or available for download.
Satinder is going to integrate komodod to the application as well. After that is done and the bugs are fixed then also the Z transactions can be made.
So we will have a working GUI ready for KMD distribution. No worries!
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