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Author Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B  (Read 1148000 times)
Odrak
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February 02, 2017, 12:05:03 AM
 #4721

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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twistelaar
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February 02, 2017, 12:09:40 AM
 #4722

Why is it not listed on coinexchange yet, and why is the trading volume so low on coinexchange, jees. Sad
bctacc32
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February 02, 2017, 12:15:02 AM
 #4723

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?
That seems correct.

...
So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.
That seems incorrect.
Compounded interest only if you move your coins to a new address frequently (in 5 years time at least once a year).
bctacc32
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February 02, 2017, 12:18:25 AM
 #4724

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year
Quick question: Do you have a formula for that? Or how did you calculate that number?
My way of thinking was not made for maths, so I did this:
Code:
double kmd = 100.0;
for(int i = 0; i < 365; ++i)
    kmd *= 1.0 + 0.05 / 365;
Which indeed returns 105.127 Roll Eyes
komolove
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February 02, 2017, 12:28:16 AM
 #4725

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email?Huh??
CryptoSporidium
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February 02, 2017, 12:28:25 AM
 #4726

5% APR is what accrues, for all utxo older than an hour and more than 10KMD

After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.

After 2 months 5%/6 has accrued.
etc.

As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.

In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.

This means even cold storage KMD is earning interest.

There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.

The compounding happens as a natural effect of being able to spend the accrued interest at any time

Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?

In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
dzarmush
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February 02, 2017, 12:42:46 AM
 #4727

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email?Huh??

Dude, you need to try better if you want people to understand you. Try your native language, maybe someone from your country would help you.

jwiz168
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February 02, 2017, 12:43:31 AM
 #4728

5% APR is what accrues, for all utxo older than an hour and more than 10KMD

After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.

After 2 months 5%/6 has accrued.
etc.

As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.

In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.

This means even cold storage KMD is earning interest.

There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.

The compounding happens as a natural effect of being able to spend the accrued interest at any time

Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?

In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in one  5 years time you don't do anything with your KMD tokens you will in turn earn compounding interest.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Odrak
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February 02, 2017, 12:59:04 AM
 #4729

So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?

It's not way more than 5% a year.

More like 5,1267496467% per year
Quick question: Do you have a formula for that? Or how did you calculate that number?
My way of thinking was not made for maths, so I did this:
Code:
double kmd = 100.0;
for(int i = 0; i < 365; ++i)
    kmd *= 1.0 + 0.05 / 365;
Which indeed returns 105.127 Roll Eyes

It's: 1(1+0.05/365)^365
CryptoSporidium
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February 02, 2017, 01:06:12 AM
 #4730

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compunding annually for cold storage coins is still awesome!
jeewaka
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February 02, 2017, 01:25:39 AM
 #4731

Hi im komodo ico

But i write pay out adress is wrong
Because copy my seed adress

But it is sent...

My wallet not give komodo

i sent komodo email noreply@komodoplatform.com

but have no answer...

where can i communicate if i send email?Huh??
you sent to the wrong email, as "noreply" emails are not looked at

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jd1959
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February 02, 2017, 01:25:55 AM
 #4732

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon   Sad


          dICO Disguised Instant Cash Out
RJF19
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February 02, 2017, 01:35:39 AM
 #4733

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon   Sad



I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.


Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Thomas A. Edison
CryptoSporidium
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February 02, 2017, 01:54:12 AM
 #4734

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.

Cool, compounding annually for cold storage coins is still awesome!

Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding

Cheers Jon   Sad



I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.



Ok, so to get compound interest we move coins once a year, I can live with that, will do on anniversary of first payout every year, like a second birthday Smiley
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February 02, 2017, 02:03:54 AM
 #4735

It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Grin Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..
noashh
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February 02, 2017, 02:04:10 AM
 #4736

If you haven't already done so, be sure to request that KMD be added to Poloniex:

https://poloniex.com/coinRequest

Here are some answers to the questions on the form:

[...]

If this coin has any significant innovations over other coins, please elaborate on them here.
Delayed Proof of work (DPow) is very innovative.


dPoW, fully decentralized fiat equivalents with PAX, command line spawnable assetchains, DEX, lite node support for 44 currencies, zero footprint 5% APR, round robin mining
jwiz168
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February 02, 2017, 02:08:43 AM
 #4737

It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Grin Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

Oh ok is that what the dev referred to as demur-rage like the freicoin did ? Ok my bad . Just so happened before the accrued explanation they also mentioned that balance in the blockchain would earn interest without doing anything.
tclo
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February 02, 2017, 03:09:35 AM
 #4738

What was ICO price?
How much total supply?
How much BTC raised?

Your answers are probably on the first page of the thread.
NotMyFarm
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February 02, 2017, 04:12:21 AM
 #4739

bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working  Roll Eyes

but i hang in there and wait for update

MoveCrypto
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February 02, 2017, 04:45:36 AM
 #4740

It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Grin Thanks.

I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?

Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Without touching you couldn't earn interest anymore after 1 year.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..

It only has to go to a fresh address once per year after the address accumulates a total of 5% interest.  (or if you compound at the maximum rate of once per hour it would hit maximum 5% after 356 days )

For example, this person sent only 1 KMD, but even the change transaction that was sent back to the same address gained the interest:
https://kpx.io/transactions/e84b4df2c35f9c12ecb01a7445a19d917334ed7b9c18548a178b6191bcd44d6d

However, there is some advice about not re-using addresses to protect against quantum computers in the future, so from that perspective, it would be slightly safer to specify a fresh change address for each transaction.  In that case, it would be good to have the private key of the change address backed up.

MoveCrypto for Komodo Notary
https://komodoplatform.com/
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