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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 860356 times)
Johnny00
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September 07, 2016, 08:40:31 PM
 #581

We see your point. We will try to make the ICO as transparent as possible, so everyone understands that BTCD holders can later swap for KMD. The fact that BTCD isn't swapped during ICO makes this thing a lot more complicated.

A little note on this. The true believers in BTCD (and most of them are from the beginning when price was high) don't participate in the % bonus you have in the ICO. That is the part i'm a little disappointing in with. I staked 2 years long to keep the network alive and it feels a little now that we have to stand back in the line and in front of us are the new believers. It doesn't feel right.

I'm sure you have the best intentions with all this, but for me personally it feels like a rip off. Price of BTCD will go until the ICO to the price you guys have decided, so at the end we get nothing while we supported the network and the coin till the end.

Like any company on the stock market you may have invested at a high price only to see the price drop and get taken over. You can't expect to receive an extremely high premium above the original ICO, just not free market. A premium received on current price is the right thing to do.


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September 07, 2016, 11:14:08 PM
 #582

I am disappointed too. I was waiting for this coin to at least get back to the price bought it for 2 years ago, and now you priced it at 0.0053
Just give BTCD holders fixed % of 100 mil KMD.

This.

Atleast it could have been a 50% bonus on the last known price before the announcement. BTCD investors getting the D.

Sorry guys.  It was 100% predictable that ICOscam777 would be giving BTCD investors "the D."

Citation:

BitcoinDark is down over 43% this month. What happend?  Huh

BitcoinDark is a project that will be obsolete before it is (if ever) finished.

Bitcoin has Confidential Transactions on the way.  Monero has Compact Confidential Transactions on the way.

BitcoinDark, besides having a stupid and unforgivably misleading name, is completely useless.

There is nothing to do with BTCD except send them in and out of SuperNet all day.

Investors want RESULTS, not empty PROMISES to finish VAPORWARE.

Ya man, it's been obvious for months that BTCD is a complete scam:

(1)  It's still the same copy/paste coin that any competent crypto Dev could launch in a few days.

(2)  Zero improvements or even a single upgrade since launch in mid-2014.

(3) "Teleport" is just a buzzword in an ancient "dark paper"... unimplemented and will never be peer reviewed.

(4)  The "dividends" are fake...
jl777 pulled at least couple of million $$$ from NXT AE "investors"... then pays you stupid mooks $50, if that.

(5)  InstantDEX doesn't work and nobody understands it... so blaming it on "lack of testers" is laughable.

(6)  Pangea poker is the biggest Red Flag...
The design is something that would be laughed off the web in 2002...
Only a complete idiot would play "poker" with ZERO protection in place against collusion.

(7)  You guys are "investing" in  buzzwords and an Excuse Machine....
While jl777 sits in Riga, Latvia assuming a staunch NATO ally would never extradite him to Lower Manhattan.

tl;dr

You guys are watching a very poorly executed Exit Strategy... it would be infinitely smarter to just disappear.


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September 08, 2016, 03:39:13 AM
 #583

Can you explain the dPoW fees? For example, you say money is needed for that.

Aren't you talking about Bitcoin tx fees here which current optimum is 70 sat per byte or about 17,920sat per tx which is currently about $.10USD.

thanks

yes, but calculate the cost at 33 signers

also for planning purposes I need to account for the possibility of the 1MB blocks filling up and a fee market being created that boosts the txfees significantly

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September 08, 2016, 04:48:56 AM
 #584

when whitepaper will be avlbl ?
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September 08, 2016, 08:03:16 AM
 #585

when whitepaper will be avlbl ?

We are working on it, there is no exact publication date yet.





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September 08, 2016, 09:32:56 AM
 #586


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.






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yassin54
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September 08, 2016, 09:35:05 AM
 #587


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.



Tweeted!! https://twitter.com/KomodoPlatform/status/773816650432995328  Wink





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SuperNET.org
..BarterDEX..
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DECENTRALIZED CRYPTOCURRENCY EXCHANGE
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snowboard789
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September 08, 2016, 09:51:30 AM
 #588

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I hope my message is not moderated, I am genuinely interested in investing but I need some information that I lack.

thanks
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September 08, 2016, 10:23:28 AM
 #589

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I hope my message is not moderated, I am genuinely interested in investing but I need some information that I lack.

thanks


Hello, and welcome!

We don't moderate this thread at all Smiley

One of the misconceptions is that the projects would be isolated from each other, but in fact they all more or less need each other. Some projects (like Pangea) need to solve a lot of complex problems which also other projects are looking to solve. In other words, a single project cannot be 100% completed before the overall technology is in place. jl777 has been working hard and has made a steady progress that has led him to solve those hard problems. In many cases, we are getting to the finish line, where only a GUI team and a project manager is needed to completely finish them.

Second point is, that many of the projects are started by a third party, and SuperNET is just a partner. One such example would be Pangea poker, which unfortunately has now fallen under jl777's responsibility. On the other hand, there are projects such as SkyNET and NXTFreeMarket, which are still being developed by third party.

A third point would be, that the roadmap to solve these hard problems can change. It's impossible to know in advance how to solve each problem, and sometimes a better option emerges. Komodo is a perfect example. A better alternative appeared, Zcash, and thus the roadmap for BTCD changed. The BTCD was not abandonet, because the previous investors now get to swap to for KMD.

Fore more information I refer to the following comment:

The technlogy SuperNET is developing is not fictional, it is not an empty promise.

It is here! Verify the progress yourself!

github.com/jl777/SuperNET
docs.supernet.org (a list of iguana API)
SuperNET Slack channel #Iguana

 - Iguana is functioning at the command line level
 - There is a team developing HTML/JS GUI (they post updates to #Iguana channel)
 - Both the iguana core and GUI are open source
 - Soon there will be installers, and a first release

Komodo ICO will bring more funds that are necessary to remove all the obstacles there are before we can get a mainstream adoption. But that is a long term plan.

With the short term, there are at least:
1) Iguana release
2) anonymous transactions
3) dPoW

We are working really hard to have the first Iguana release before the ICO starts. During ICO there will be a working dPoW in testnet. Finally, very soon after the ICO ends, we will get anonymous transactions.

What James has done during the past has not been a simple task. He has solved extremely hard problems. Here is what he just said about Iguana:

Took me 9 months to write iguana, the first multicoin parallel syncing bitcoin protocol daemon, including RPC, that compiles to 2MB. Is that slow? Not sure, but I know if I tried to find someone to do that, they would ask to fund a full dev team for at least that long. People dont realize the scale and difficulty of creating working backward compatible improvements to the state of art.

jl777 has given a detailed update about all the projects mentioned:


While I have done many projects, I think "dozens" is an exaggeration. Similarily your statement about no projects finished is a bit harsh.

jl777hodl is a holding fund for various crypto projects. As such it has been finished for years. It was the first asset that started trading and made history, this was something like 2 years ago. I would consider this finished.

MGW is multigateway.com and that also has been finished and in service for over a year. Since it is working and being used for over a year, I would consider that finished.

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.

SuperNET is a hybrid holding vehicle and technology incubator. At least that is one way to look at it. http://www.supernet.org/nav.php shows its current holdings and despite being hit by a 75% reduction in its NAV the first year (mostly due to NXT price decline and my not actively trading), the NAV has more than doubled to within striking distance of the original. This is achieved while paying for all the costs to run SuperNET out of the investment gains. Now what other project self-funds from investment gains that it makes?

I have issued more than a dozen proxy assets, such as mgwBTC and superBTC. These asset's function is to represent 1:1 the BTC to allow using the NXT AE to trade them via blockchain. I did this 2 years ago and I am pretty sure it was the first tokenDEX that allowed trading of crypto against crypto. This is 2 years ago, when just now we finally see other solutions of this kind appearing. I would consider these assets completed.

Iguana is a bitcoin daemon and wallet that can sync the entire BTC blockchain from scratch in 2 hours. It also can sync over a dozen other coins, all from a self-contained codebase that I wrote from scratch. Its codesize is about 3MB and it has been ported from unix to osx, win32, win64, android and chrome app. docs.supernet.org documents its API bindings and it is now in the final stages of debug and will be used as a component within komodo. I have seen some GUI that is looking pretty good and for basic wallet function and parallel sync it appears to be working, though I do the core level code and not the GUI so I cant speak for it in detail.

Is iguana completed? Not quite, but it is very close and I suggest you take a look at it. The source code has been open and available during the development process at https://github.com/jl777/SuperNET and you can see that I have been quite busy over the years. docs.supernet.org documents the API

crypto777: this is an ongoing technology revenue asset and as soon as project start generating revenues, it will too. It basically represents revenues from the technology that I do that doesnt already have an asset to encapsulate its revenues. In some sense it is done, just that the revenue streams are flowing yet. Maybe this is in an in-between state, but there was no ICO per se for this, so not sure if you have an issue with it.

Now to the real unfinished projects list, however please note that there was NO ICO for these and it was funded by small number of private investors, so I dont think it is fair for you to criticize them as an incomplete ICO, as they were not even ICO:

InstantDEX: easyDEX is in last stages of coding/debugging and is part of the overall solution of loosely coupled blockchains using atomic swaps. The full InstantDEX was mostly working last year(!) however due to disappearance of GUI dev combine with NXT increasing txfees dramatically while reducing the available space to store data, made an InstantDEX built on NXT uneconomic. Should InstantDEX have been finished by now? Yes. I made a mistake of building the InstantDEX on top of NXT, which is a platform that I had no voice in and when everything was changed and made it so a few of my projects became unviable, my protests were met with a "you should have known better". OK, so lesson learned and now I know better, I wrote iguana from scratch so its entirety I am in control. Never again will I be at the mercy of arbitrary changes that break backward compatibility and the fundamental economic model of a service I built on top of it.

Pangea: this is a decentralized poker service that is in a holding pattern now due to the retooling required to switch from a NXT based service to iguana based.

Tradebots/NXTcoinsco: part of this is in the process of being completed within the easyDEX framework, but again the shift from NXT based to iguana based was a delay factor.

NXTprivacy: this is mostly a deprecated asset due to my shift from NXT to iguana, but I do have a plan to infuse some life to it after the dust settles from the other projects. In any case it never did any ICO and didnt even do much of secondary trading on NXT AE, so its priority has been low.

Do you want me to list the projects that I didnt even raise funds from private investors and are just various technology projects that I have percolating? Not sure why you would have any complaints if I have a lot of projects in the research phase that I have not raised funds for.

I proposed an Asset Passport system, which is a way to protect asset issuer and holders by allowing them to migrate from chain to chain. This was actually the genesis of dPoW which evolved from the need to secure weak PoS chains. I never raised any funds for this.

I have proposed Teleport, Telepathy and PAX within the BTCD context, but I did not do any ICO to raise funds to develop this. Teleport at a high level is similar to zcash, in that there is a blackbox of bits representing the transaction, but the math behind the zero knowledge proofs is a step above anything else and I always want to use the best tech solution for my systems, even if it means replacing something I made. Telepathy is a network level privacy "mixer" and this will work on top of the komodo, of course it needs for komodo to be finalized and also its urgency is much less due to the strength of zcash tech. PAX has been coded to alpha level, but as an unfunded project has been back burnered and also waits for the full transition to iguana. Is it is disappointing that these things have not been completed yet? Sure, but I am just one guy coding away most days and many have advised me to get more help at the core level. The issue is I cant find any other C coders at my level who will work for anything less than a lot of money.

I am also providing free consulting for many projects, they just have to ask and I try to help as I can, which is usually with some technical ideas. I am not the one actually doing these projects though, so I hope you do not hold me responsible for any delivery status of all the projects I have helped with my advice.

I understand if you see all these projects and there isnt the level of success you want to see. After all if it was all finished and a big success I wouldnt have to be working these 14 hour days 28 days a month, continuously.

However, the perception that I never finish everything is not correct. The perception that I do dozens of ICOs and just spend all the money and ask for more, is not correct.

I have done exactly one ICO outside of the NXT assets, and that is SuperNET. Its charter for use of funds is primarily to make investments and I have been funding operations from the profits, while growing the NAV from a low of .002 to its current .006 level.

If you can name any other ICO I conducted where funds were raised and I havent delivered anything, I am curious to know what it is. As you can see I am not limited in the number of ideas, nor do I feel their quality is low. What I need is more resources. I had hoped to get at least half a dozen volunteers to work on the core C projects, but alas, there were none.

With komodo there is the possibility of creating not only the first dPoW implementation, but also to fund all of the pending projects that are in slow motion due to my only having 16 hours per day to work and I am slacking off this year by working only 14 hours per day.

James

In a follow up:


CryptoCard is completed, coinomat issued debit cards

Teleport - this is not any asset, how is it possible that an ICO was done for something without even an asset
Telepathy - this is not any asset, how is it possible that an ICO was done for something without even an asset
PAX - this is not any asset, how is it possible that an ICO was done for something without even an asset

Pangea
Neodice
Jay
SkyNET
above are all other dev's projects that SuperNET invested in and gave out dividends in. After it was given as a dividend it started trading in the open market. Please tell me where in this picture SuperNET or I am making an ICO to collect lots of money?

NXTprivacy was done as above, ie free dividend and after market trading by the people who received the assets.

which leaves InstantDEX, crypto777 and SuperNET
InstantDEX had private investors and then like the above assets was dividended out to SuperNET asset holders.

SuperNET, we know that its NAV is mostly preserved over the years as the technology has been developed: supernet.org/nav.php


Most of the projects SuperNET develops are not isolated, but they are part of the overall solution that will solve major problems crypto has. It's not possible to complete one piece 100%, and then move to the next one.


If a single project has many use cases, is it dozens of different projects? I think maybe the confusion is that I am making something that is similar to an OS. But what is an operating system without any applications? How to even know if the OS is working without any applications? So to make an OS, you need to make a few reference applications. And if an idea for a new application happens, does that fit within the framework of the OS, or does it somehow fragment the OS?

My assessment is that crypto needs a common framework for efficient development, if not all of crypto, at least I do. If a solution is being created to be able to build many different solutions, then many different solutions needs to be created on that system to make sure it can handle it. Otherwise you end up with limited scope speciality solutions that dont handle one or more types of problems that need to be handled.

I have a platform level solution that allows efficient solving of all the crypto's bottlenecks toward mainstream adoption. THAT is what I have been working on all this time. And dPoW is a vital part for this as it enables securing otherwise weak chains that wouldnt be secure enough to store any significant value.

Combined with iguana that speaks bitcoin protocol and can interface to many coins at once and atomic cross chain exchanges, a network of bitcoin secured chains that can atomic swap with any other is created. In order to reduce the friction of these cross chain swaps, funded Liquidity Provider nodes are needed. The advantage is that instead of having to wait for a day (or more) for side chains, the swaps can be done within a few coin confirmations (even less for low value swaps)

At the end all the hard work will pay off, as the working products will begin to pop up like mushrooms after rain. The progress has been invisible to some because they don't follow close enough.

When someone develops something of this scale, the exact path of how to get there is not known. Now we became to a crossroad, which we couldn't see before, and it looks like "Komodo" is the route we should take.





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barbierir
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September 08, 2016, 10:44:39 AM
 #590

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

Please don't fall for the usual fud, there is expecially one notorious troll Icebreaker that continues making stuff up. He sounds retarded if you know the facts. The only past Ico was Supernet and the first release of its core component Iguana is around the corner. No project has been abandoned, James is working very hard but the to-do list is long. By January with both Iguana and Komodo released the future will look pretty good.

If you're interested in the whole Supernet project there many ways to invest, of course the first one is Komodo, the other one are the various assets available for many different features. There is graphics of the assets relationships, note that Komodo will replace Btcd and there are some third party assets/features that don't depend on James.

Joining the Supernet slack is the best way to stay updated and see the progress in real time.







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September 08, 2016, 10:59:17 AM
 #591

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I think a better way to put it is that JL takes on too many projects and 95% of the projects that he announces get indefinitely postponed or cancelled because another ground-breaking idea pops in his head. I think its a bit of ADD. edit - nothing personal intended only observational claim here Undecided
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September 08, 2016, 11:00:47 AM
 #592

So I still have not gotten a clear answer on this:

What is proposed to happen to the BTCD that has been swapped for Komodo?
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September 08, 2016, 11:18:57 AM
 #593

So I still have not gotten a clear answer on this:

What is proposed to happen to the BTCD that has been swapped for Komodo?

Nothing will happen to it.

Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.

Does this answer to your question? Smiley





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mladen00
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September 08, 2016, 11:39:29 AM
 #594

maybe step by step in cryptoworld is better

IOTA
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September 08, 2016, 11:44:16 AM
 #595


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.



Very nice move. This was the kind of additional extra I wanted to achieve for BTCD holders.
Will blog about this within the next 2 weeks.

Altcoinspekulant: Deutscher Altcoinblog.
MoveCrypto
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September 08, 2016, 11:50:22 AM
 #596


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.



Very nice move. This was the kind of additional extra I wanted to achieve for BTCD holders.
Will blog about this within the next 2 weeks.


Crypti holders were offered 1300 BTC buyout, and 14000 BTC was raised for Lisk.  Crypti swappers got less than 9% of Lisk supply

BTCD holders will be getting ~7000 BTC buyout.  Even if maximum 30000 BTC is raised for Komodo, that would still be 20%+ of supply going to BTCD holders.

It's a good deal, I'm happy with it.

I don't see any Crypti holders complaining anymore, now that the BTC value of their holdings is up 350%+ through the Lisk conversion

MoveCrypto for Komodo Notary
https://komodoplatform.com/
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September 08, 2016, 12:00:32 PM
 #597

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I think a better way to put it is that JL takes on too many projects and 95% of the projects that he announces get indefinitely postponed or cancelled because another ground-breaking idea pops in his head. I think its a bit of ADD. edit - nothing personal intended only observational claim here Undecided

Your observational skills need improvements. I only see a lot of dedicated work by James for a project that is very large in scope and has a long list of things to do in order to have all gears in place. Of course things must wait for their turn because others are first on the list. That is normal development, or how could it be different? I can't remember projects cancelled by James, on the contrary there were related third party projects that failed and James had to work more to make up for them.





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DECENTRALIZED CRYPTOCURRENCY EXCHANGE
Developed to Unite Coin Communities | ✔ SECURE ✔ FREE ✔ VISIBILITY ✔ EASY INTEGRATION |

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September 08, 2016, 12:36:15 PM
 #598

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I think a better way to put it is that JL takes on too many projects and 95% of the projects that he announces get indefinitely postponed or cancelled because another ground-breaking idea pops in his head. I think its a bit of ADD. edit - nothing personal intended only observational claim here Undecided

Your observational skills need improvements. I only see a lot of dedicated work by James for a project that is very large in scope and has a long list of things to do in order to have all gears in place. Of course things must wait for their turn because others are first on the list. That is normal development, or how could it be different? I can't remember projects cancelled by James, on the contrary there were related third party projects that failed and James had to work more to make up for them.
Thanks for the observation.

The following is the list of projects I have started since last November when the NXT situation threw a monkey wrench into things by drastically changing its fee structure and everything else:

iguana

Now does iguana have more than a single function. Well yes. Maybe that is what confuses some people, they hear about all these different things that iguana does and cant imagine it is all just one thing.

Separately, an update on my "failed" asset jl777hodl which is a holding fund with 200 siafunds, which appears to be worth over 600 BTC in addition to other assets. Some rumors that siafunds will start trading on poloniex soon, and if its price goes above 5BTC each, then jl777hodl would have gone from 0 to 1000+ BTC. Considering it never did an ICO and I just funded it with my personal holdings, it is a good result.

I also invented the MGW, multigateway, which issues a proxy asset to represent native cryptos 1:1. The multigateway automatically accepts deposits into a multisig address and returns the corresponding asset. Redeems are also automatic and a destination address can be any valid coin address. This has been around for over 2 years and to me it seems to invalidate the claim that I never finish anything.

MGW + NXT AE was doing a tokenized DEX, which allows decentralized trading via the AE. Now we are finally seeing alternate implementations of this tech. 2 years later. I also see the trolls proudly posting lists of the dozen+ proxy assets I issued for MGW to support their claim I am doing an ICO every day. The truth is these assets and many others are just issued with a fee and they are kept around until some deposits are made. Not exactly the millions of dollars of free money I supposedly raised from asset sales.

I have also invested in a variety of other projects. Additionally I freely help other projects when they ask. Now maybe my problem is I post about things that are not just about iguana, but if you think about it, if I am posting about things then I am not coding.



http://www.digitalcatallaxy.com/report2015.html
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September 08, 2016, 02:02:07 PM
 #599


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.




so buy BTCD now?






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September 08, 2016, 02:06:29 PM
 #600


An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.



Very nice move. This was the kind of additional extra I wanted to achieve for BTCD holders.
Will blog about this within the next 2 weeks.


Crypti holders were offered 1300 BTC buyout, and 14000 BTC was raised for Lisk.  Crypti swappers got less than 9% of Lisk supply

BTCD holders will be getting ~7000 BTC buyout.  Even if maximum 30000 BTC is raised for Komodo, that would still be 20%+ of supply going to BTCD holders.

It's a good deal, I'm happy with it.

I don't see any Crypti holders complaining anymore, now that the BTC value of their holdings is up 350%+ through the Lisk conversion

Market cap of btcd is currently ~5k btc, so not bad.
What happens to the komodo left after the year has finished? Inevitably many will not be swapped.
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