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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 712827 times)
jl777
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September 04, 2016, 10:28:44 AM
 #401


NXTventure is another one that has been finished for over a year. It has paid out in dividends more than I think any other NXT asset by value of dividends at the time it was sent out. Again, the future of NXTventure is hampered by all the changes with NXT that is out of my control, however I would consider NXTventure was completed.


What do you mean by 'finished' James? Will there be more dividends paid to NXTventure (is it still worth anything), or is it dead? What do you mean by "completed"? People still trading it ...


I am working on a transition plan for NXTventure. It has value as it has holdings.

By "completed"/"finished" I mean it was working as it was intended to, it wasnt incomplete

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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KomodoPlatform
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September 04, 2016, 10:52:27 AM
 #402


BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

This is so wrong and missleading in all aspects.

you will recieve 0.00532074 BTC worth of something that has unknown value.
making whole conversion rate meaningless


Thank you for your input! I included more information regarding the exchange rates.

If you are not comfortable participating in Komodo ICO, there are numerous people who do want to participate in the ICO and thus are willing to buy more BTCD. This gives value to the BTCD.

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September 04, 2016, 10:58:37 AM
 #403

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO and detailed information will be posted soon.

Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate =  0.00354716 * 1.5 = 0.00532074 BTC/BTCD

When we take into account the bonuses during ICO, we get:

Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD


This is complete nonsense you estimate BTCD price based on Komodo price which is unknown.
And will be unknown until Komodo is live on the exchange!!!

Explain how you get to 0.00532!!!
BTCD exchange rate =  0.00354716 * 1.5 = 0.00532074 BTC/BTCD is absolutely meaningless equation and no guarantee Komodo purchased at that fabricated rate will have such value.

You are cooking from water my friend.
KomodoPlatform
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September 04, 2016, 11:06:10 AM
 #404

We guarantee that one BTCD will be worth 0.00532 bitcoins in the ICO. Thus swapping BTCD to Komodo is the same as investing BTC in the ICO.

If you don't like to participate in the ICO, then you should not hold any BTCD either.

To all the people who will participate in the ICO, it doesn't matter if they invest with BTCD or BTC.

We recommend everyone to either sell their BTCD or invest them in the upcoming ICO. We cannot guarantee that BTCD will have any value after the Komodo ICO, as the last developer will be focusing on Komodo development and BTCD will thus have no developers left. However, after the ICO every BTCD holder has 1 year to do the swap to Komodo.

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September 04, 2016, 11:19:09 AM
 #405

We guarantee that one BTCD will be worth 0.00532 bitcoins in the ICO. Thus swapping BTCD to Komodo is the same as investing BTC in the ICO.

Exactly, so you guarantee nothing at all. Instead the LESS people buy into ICO, better for BTCD holders!


If you don't like to participate in the ICO, then you should not hold any BTCD either.

Do you realize, that all this was ninjalaunched on BTCD holders without warning? I would never invest into BTCD if I had this knowledge

To all the people who will participate in the ICO, it doesn't matter if they invest with BTCD or BTC.

We recommend everyone to either sell their BTCD or invest them in the upcoming ICO. We cannot guarantee that BTCD will have any value after the Komodo ICO, as the last developer will be focusing on Komodo development and BTCD will thus have no developers left. However, after the ICO every BTCD holder has 1 year to do the swap to Komodo.


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September 04, 2016, 11:26:20 AM
 #406

There are two options - either the project is being abandoned right now, or it was already abandoned long time ago?

So you say BTCD was abandoned long ago, and it was only illusion that it exist and will be sth in the future?

Maybe I'm wrong but I think many people feel the project is being abandoned now with poor exchange rate to switch to a new project.

I cannot prove anything - all discussion were on slack which deletes history. But all discussions and development were promising BTCD will be sth in the future and there was no discussion about new ICO and anything suggesting BTCD is abandoned project... At least not last 10 months that I'm watching it.

PS

Invested in BTCD 10 months ago, so what you mean about expecting short term pump? The one that can happen in 1-2 years since buy in?

What Im complaining about is only that you assume/expect 5x funds dilution + risk regular ICO dump within 1 month, which leads basically to investment loss, as ICO will eat BTCD gain, which was very likely within next 3-6 months, and only can promise sth in much longer term. So again longer term...

PS2

I see not many BTCD holders complaining, but judging by some questions, most people do not understand simple math and believes they are swaping 1:1. So I do not care much about those "convinced" that all is good.

I'd like to hope all will be good like you say, but still I think how it is solved and communicated is wrong approach, and do not promise well.




James did not hold a ICO for btcd so who are actually investors?

He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap.

So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin.

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jl777
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September 04, 2016, 11:39:47 AM
 #407

There are two options - either the project is being abandoned right now, or it was already abandoned long time ago?

So you say BTCD was abandoned long ago, and it was only illusion that it exist and will be sth in the future?

Maybe I'm wrong but I think many people feel the project is being abandoned now with poor exchange rate to switch to a new project.

I cannot prove anything - all discussion were on slack which deletes history. But all discussions and development were promising BTCD will be sth in the future and there was no discussion about new ICO and anything suggesting BTCD is abandoned project... At least not last 10 months that I'm watching it.

PS

Invested in BTCD 10 months ago, so what you mean about short term pump? The one that can happen in 1-2 years since buy in?


James did not hold a ICO for btcd so who are actually investors?

He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap.

So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin.

There is no abandoning going on. There is the ability to swap BTCD for komodo. That is not abandonment no matter how you want to spin it.



http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 04, 2016, 12:21:07 PM
 #408

[...]
I cannot prove anything - all discussion were on slack which deletes history. But all discussions and development were promising BTCD will be sth in the future and there was no discussion about new ICO and anything suggesting BTCD is abandoned project... At least not last 10 months that I'm watching it. [...]

I can provide Slack logs for a lot of channels, which one do you need? Another option is to look at http://slacklogs.supernet.org/.

SuperNET Staff & Komodo Notary Node Operator
Get SuperNET / Komodo / Agama news | Forum
Support & Helpdesk | Slack
Conqueror
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September 04, 2016, 01:01:44 PM
 #409

Congrats jl777

You artificially created conditions when most beneficial to loyal long term BTCD holders is FUD the shit out of the Komodo thus increasing their share of ICO.

And I will do just that. Sorry, I can't just ignore free market conditions.
jl777
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September 04, 2016, 01:11:08 PM
 #410

Congrats jl777

You artificially created conditions when most beneficial to loyal long term BTCD holders is FUD the shit out of the Komodo thus increasing their share of ICO.

And I will do just that. Sorry, I can't just ignore free market conditions.
As long as we all understand you are FUD'ing for your own purpose, have fun. Just lets try to remain civil. Thanks

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Conqueror
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September 04, 2016, 01:12:59 PM
 #411

Congrats jl777

You artificially created conditions when most beneficial to loyal long term BTCD holders is FUD the shit out of the Komodo thus increasing their share of ICO.

And I will do just that. Sorry, I can't just ignore free market conditions.
As long as we all understand you are FUD'ing for your own purpose, have fun. Just lets try to remain civil. Thanks
I will Smiley
Actually there is plenty of topics to elaborate on.
airsekui
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September 04, 2016, 02:40:39 PM
 #412

Congrats jl777

You artificially created conditions when most beneficial to loyal long term BTCD holders is FUD the shit out of the Komodo thus increasing their share of ICO.

And I will do just that. Sorry, I can't just ignore free market conditions.

Yep, I too will jump on this band-wagon...but with dose of reality not fud. You chose your strategy, and I do what is in my best interest.

For those considering investing in this ICO using BTC, be very careful here....there is a long history of promised tech that was hyped to investors to draw in BTCD buyers and believers during it's initial development and "integration with Supernet". Not one of the following has been completed: ramchains, telepathy, teleport, telepods and so many other promises that have not been fulfilled. The dev jl777 here has a long history of promises and not producing. Now, Komodo is promised as integrating something that was a well running chain, BTCD, and taking all potential future value by making new promises about an "amazing" great technology, now termed Komodo, horizontally transferring value for his own good and promising huge words and catchy tech to produce - a zcash clone (which is development and will require optimization out the wazooo to work for his tech) with iguana and other unproven and possibly seriously flawed and unsecured tech).

Please do your research and know this is a long draw to continually feed unfulfilled promises. BE CAREFUL!

http://www.alternativecoin.com/nxt-bitcoindark-and-supernet/
jl777
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September 04, 2016, 02:50:26 PM
 #413

Congrats jl777

You artificially created conditions when most beneficial to loyal long term BTCD holders is FUD the shit out of the Komodo thus increasing their share of ICO.

And I will do just that. Sorry, I can't just ignore free market conditions.

Yep, I too will jump on this band-wagon...but with dose of reality not fud. You chose your strategy, and I do what is in my best interest.

For those considering investing in this ICO using BTC, be very careful here....there is a long history of promised tech that was hyped to investors to draw in BTCD buyers and believers during it's initial development and "integration with Supernet". Not one of the following has been completed: ramchains, telepathy, teleport, telepods and so many other promises that have not been fulfilled. The dev jl777 here has a long history of promises and not producing. Now, Komodo is promised as integrating something that was a well running chain, BTCD, and taking all potential future value by making new promises about an "amazing" great technology, now termed Komodo, horizontally transferring value for his own good and promising huge words and catchy tech to produce - a zcash clone (which is development and will require optimization out the wazooo to work for his tech) with iguana and other unproven and possibly seriously flawed and unsecured tech).

Please do your research and know this is a long draw to continually feed unfulfilled promises. BE CAREFUL!

http://www.alternativecoin.com/nxt-bitcoindark-and-supernet/
ramchains are used in both MGW and iguana. MGW in service for over a year, iguana is in beta test. my assessment is that zcash zkp is better than teleport/telepod so I choose the better tech to use and replace the older tech. telepathy networking tech is what has evolved into notary nodes.

There will be a testnet for the ICO, so everyone can verify that it is working.

docs.supernet.org documents the API bindings, which is something that can be verified using curl (syntax provided). Do you consider having a working API as "hype"?

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
JohnnyBTCSeed
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September 04, 2016, 04:21:21 PM
 #414

(Thanks for your criticisms guys, your comments are noticed, but I'm a big boy and prefer to make my own decisions)

I would like to read more about the new unique dpow.

Is there a steemit post or a write up somewhere that describes how jl777 came up with dpow?

The whys, hows, whens, whats, whoose-its of it all.

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September 04, 2016, 04:57:23 PM
 #415

(Thanks for your criticisms guys, your comments are noticed, but I'm a big boy and prefer to make my own decisions)

I would like to read more about the new unique dpow.

Is there a steemit post or a write up somewhere that describes how jl777 came up with dpow?

The whys, hows, whens, whats, whoose-its of it all.


I needed a way to secure very weak chains, chains that might run on a handful of nodes with weak PoW or PoS. Otherwise assetchains wouldnt be secure enough for anything with a lot of value, like SuperNET.

I came up with a half solution:
https://bitco.in/forum/threads/using-btc-as-time-sequence-server-to-allow-cross-chain-atomic-swap-and-increase-security-of-altchain.925/

The initial idea had some issues, but after a few intense review sessions with anonymint, the idea evolved into what would become dPoW. I take responsibility for any issues in the dPoW, anonymint reviewed the high level ideas.

With the requirements and basic design in mind, it became clear that notary nodes are needed, otherwise it is very difficult to prevent data spoofing on the bitcoin chain. I had recently gotten familiar with steemit and am actually one of the backup witness nodes, so that structure filled in the details needed for the notary nodes.

From NXT, its PoS is more efficient than the utxo+coinage method as there is just one hash needed per address, versus one for each utxo. Also, the NXT PoS has stood the test of time and has been reviewed. Of course being PoS it is not as secure as bitcoin PoW.

Nothing is as secure as bitcoin PoW.

Starting with the need to secure assetchains, getting the initial half right idea, refining it via discussions, to the final selection of the components. It didnt come as any fully formed idea, but rather had to be evolved and refined over time.

Now the dPoW with the notary servers of course is not anything a small assetchain can possibly afford to have. It will be expensive enough for a large coin, but I realized that like the bitcoin hashrate can be utilized by dPoW, the dPoW can be used by other chains.

So to fully solve the initial need, that is what was required


http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 04, 2016, 08:39:45 PM
 #416

There are two options - either the project is being abandoned right now, or it was already abandoned long time ago?

So you say BTCD was abandoned long ago, and it was only illusion that it exist and will be sth in the future?

Maybe I'm wrong but I think many people feel the project is being abandoned now with poor exchange rate to switch to a new project.

I cannot prove anything - all discussion were on slack which deletes history. But all discussions and development were promising BTCD will be sth in the future and there was no discussion about new ICO and anything suggesting BTCD is abandoned project... At least not last 10 months that I'm watching it.

PS

Invested in BTCD 10 months ago, so what you mean about expecting short term pump? The one that can happen in 1-2 years since buy in?

What Im complaining about is only that you assume/expect 5x funds dilution + risk regular ICO dump within 1 month, which leads basically to investment loss, as ICO will eat BTCD gain, which was very likely within next 3-6 months, and only can promise sth in much longer term. So again longer term...

PS2

I see not many BTCD holders complaining, but judging by some questions, most people do not understand simple math and believes they are swaping 1:1. So I do not care much about those "convinced" that all is good.

I'd like to hope all will be good like you say, but still I think how it is solved and communicated is wrong approach, and do not promise well.




James did not hold a ICO for btcd so who are actually investors?

He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap.

So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin.

How do you know you will get 5x dilution?

Who is most people that believe they are swapping 1:1?

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September 04, 2016, 08:41:54 PM
 #417

For all the fudders, the ICO is on the 15th of Oct.

Save your energy till and start fudding around that date.  Smiley

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September 04, 2016, 10:00:24 PM
 #418

Commodos says to this ICO  Cool





I would like to write a short update about supernet ICO and some events in the past. As i know all BTC from Supernet are still on a safe multisig wallet,  could you post that link please James?, THX! and let me say good job so far, even if some projects lost some focus.

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September 04, 2016, 10:32:51 PM
 #419

Commodos says to this ICO  Cool





I would like to write a short update about supernet ICO and some events in the past. As i know all BTC from Supernet are still on a safe multisig wallet,  could you post that link please James?, THX! and let me say good job so far, even if some projects lost some focus.

I dont know about the BTC from the Supernet ICO but check out http://www.supernet.org/nav.php

Some of it has been invested this year to provide a healthier NAV. Whilst other coins are backed by promises, Supernet is back by assets.

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September 04, 2016, 11:06:16 PM
 #420

I know what supernet is, i was one of the first investors,  but thanks for your advertisment.  I just need the BTC address to show other and prove that all BTCs are still untouched.

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