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Author Topic: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin  (Read 649776 times)
jl777
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September 08, 2016, 02:28:46 PM
 #601


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.
working capital

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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yassin54
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September 08, 2016, 03:47:48 PM
 #602

Komodo announces ICO to fund its new consensus protocol.



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SuperNET.org
barbierir
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September 08, 2016, 04:02:34 PM
 #603

@KomodoPlatform

do you plan to make an ad campaign on Reddit and Facebook?

.
PROTECTING YOUR PRIVACY
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iCEBREAKER
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September 08, 2016, 04:21:33 PM
 #604

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.

A year ago, I predicted BTCD would be abandoned before being completed, and that's exactly what happened.

My fears were well-founded.  My uncertainty based on the fact ICOscam777 has left dozens of unfinished project in his wake.  My doubt turned out to be the correct assumption.

I'm not the only one who says this; many victims of these ICO scams have spoken out.

EG:

how many ICOs has jl777 launched over the years?

Here's a (partial) list of ICOscam777 projects:

After spending hundreds of hours roaming this forum I must tell you I feel JL777 is the biggest scammer around.
The amount of BTC gathered for BTCD/superNET/NXT-assets issued by his gang is just horrendous.

And the feeling is like everybody is waiting for the miracle tech to come out if not today, tomorrow for sure.
Just scan the thread for BTCD, its almost, almost, almost there. It's finally coming together ... stuff like this on whatever page you chose.


But for BTCD in particular, I see the same wallet used for many months now. I know there is beta around, but it's almost 2 years since BTCD was born. 2 years.


From NXTforum:

(16) jl777's Group of Assets
Type: Dividend Paying

TOKEN (Unity) | ID: 15641806960898178066 | More Info | ACTIVE
sharkfund0 | ID: 3006420581923704757 | More Info | ACTIVE
SuperNET | ID: 12071612744977229797 | Forum | ACTIVE
NXTventure | ID: 16212446818542881180 | More Info | More info 2 | ACTIVE
InstantDEX | ID: 15344649963748848799 | More Info | Status
Privatebet | ID: 17083334802666450484 | More Info | Status
NXTprivacy | ID: 17911762572811467637 | More Info | Status
jl777hodl | ID: 6932037131189568014 | More Info | ACTIVE
Atomic | ID: 11694807213441909013 | More Info | Status
NeoDICE | ID: 18184274154437352348 | More Info | ACTIVE
NXTcoinsco (Tradebots) | ID: 17571711292785902558 | More Info | Status
cryptocard | ID: 7110939398145553585 | More Info | Status
Boost | ID: 9719950459730291994 | More Info | ACTIVE
SNN | ID: 15113552914305929842 | More Info | Status
SuperHODL | ID: 13120737659249432970 | More Info | Status
NXTforex | NA | NA | NA


(5) Joint Venture - Supernet, NXTventure

FreeMarket | ID: 134138275353332190 | More Info | ACTIVE
Omnigames | ID: 7441230892853180965 | More Info | Status
Pangea | ID: 6883271355794806507 | More Info | ACTIVE
Jay | ID: 8688289798928624137 | More Info | Status
Skynet | ID: 6854596569382794790 | More Info | Active
OpalToken | ID:  5326942574002986149 | More Info | Active


(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE


Multiple coins are participating in SN, bought up by LJ (on investor's behalf of cause)
Aaaand there is new project born every day. And new ones after that. And some ideas for a brand few new ones in the middle.


Two years almost passed. InstantDEX is almost ready?

Many of those assets were dividends, however the case of cryptocard is very disappointing. Jl777 launched that fundraiser on the btcd thread, collected 10k btcd from memory when it was worth a lot more, but now he says that was coinomat project. Jl777 converted all his cryptocard assets into WAVES, then sasha mentions after the waves ico ends that coinomat business will likely be sold (who would buy coinomat?), and definitely not part of WAVES.

The cryptocard asset was a fail, and jl777 raised considerable funds, and dumped his own assets, probably knowing sasha's intentions to abandon it.

Jl777 started cryptocard, raised the funds, subcontracted sasha and coinomat, then adandoned the project and bailed to waves, probably with insider knowledge, leaving bagholders still thinking an anon debit card is still being worked on.




No project has been abandoned?



can't find the server at www.jl777hodl.com

https://isitup.org/www.jl777hodl.com
---->
Oh no! www.jl777hodl.com seems to be down!

 Cheesy

#REKT

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
Thenoticer
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September 08, 2016, 04:30:29 PM
 #605


(  I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)

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

Is it possible that a new role could be made for btcd once things move to komodo?
noashh
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September 08, 2016, 04:46:01 PM
 #606



SuperNET Staff & Komodo Notary Node Operator
Get SuperNET / Komodo / Agama news | Forum
Support & Helpdesk | Slack
barbierir
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September 08, 2016, 04:46:18 PM
 #607


(  I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)



There is no logic in the above poster, Icebreaker has been for a long time one of the most notorious BTT trolls. He regularly trolls any thread on any coin that isn't in his investment portfolio. Sometimes he changes sides (i.e. he dumps a coin) and start trolling his old favourite and praising the one he trolled the day before. He has been also involved in a previous scam.

.
PROTECTING YOUR PRIVACY
WITH BITCOIN'S HASHRATE






.
POWERS SuperNET
TECHNOLOGY
.
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iCEBREAKER
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https://monero.stackexchange.com/a/1203


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September 08, 2016, 04:51:14 PM
 #608


(  I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)

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

Is it possible that a new role could be made for btcd once things move to komodo?

I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.

And now you and ICOscam777 will continue to bog down and confuse the conversation with pages of tedious hand waving garbage dithering over exactly what and how and when dilution will occur.

Characterizing scam busting as "harassment" is equally precious.  Oh poor you!  Leave James Alone!   Roll Eyes

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
KomodoPlatform
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September 08, 2016, 05:38:57 PM
 #609

@KomodoPlatform

do you plan to make an ad campaign on Reddit and Facebook?

Our understanding is that on Reddit the ad spots are booked for many months in advance. We will consider a Facebook ad campaign though, if we conclude it to be worthwhile.

Is a Facebook ad campaign something you would strongly recommend yourself?


Is it possible that a new role could be made for btcd once things move to komodo?

We cannot promise anything like that. Our current plan is to eventually move all the tech over to Komodo.

Of course a new developer team could be formed for the BTCD, but for a project without any funding that is quite unrealistic.

barbierir
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September 08, 2016, 06:17:46 PM
 #610

@KomodoPlatform

do you plan to make an ad campaign on Reddit and Facebook?

Our understanding is that on Reddit the ad spots are booked for many months in advance. We will consider a Facebook ad campaign though, if we conclude it to be worthwhile.

Is a Facebook ad campaign something you would strongly recommend yourself?



I have no experience with Reddit but I did some Fb campaigns years ago, it can be well targeted to people with interest in crypto and doesn't cost much.

.
PROTECTING YOUR PRIVACY
WITH BITCOIN'S HASHRATE






.
POWERS SuperNET
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adhitthana
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September 08, 2016, 06:34:41 PM
 #611

ICO limited to 30,000 Bitcoin??

No whitepaper?
No website?
No names of those behind it?

barbierir
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September 08, 2016, 06:44:55 PM
 #612

ICO limited to 30,000 Bitcoin??

No whitepaper?
No website?
No names of those behind it?

Website link is in the OP www.komodoplatform.com and there are all the names behind it (many well known). Whitepaper is in preparation.

.
PROTECTING YOUR PRIVACY
WITH BITCOIN'S HASHRATE






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POWERS SuperNET
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September 08, 2016, 06:50:08 PM
 #613

Can not wait to read it  Smiley

-snip-
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.

I took the time to read (probably) all available stuff about the swap today and I came to the conclusion that it is a good deal for BitcoinDark hodlers. I was a little doubtful at first. JL777 did a good job and he still doing a good job. Keep going!

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September 08, 2016, 06:53:45 PM
 #614


(  I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)

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

Is it possible that a new role could be made for btcd once things move to komodo?

I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.

And now you and ICOscam777 will continue to bog down and confuse the conversation with pages of tedious hand waving garbage dithering over exactly what and how and when dilution will occur.

Characterizing scam busting as "harassment" is equally precious.  Oh poor you!  Leave James Alone!   Roll Eyes

Oh boy, are you pulling a bill clinton on me? It depends on what meaning of "is" is..
Quote
swap
swäp/
verb
1.
take part in an exchange of.
"we swapped phone numbers"
synonyms:   bandy, exchange, trade, reciprocate
"we swapped jokes"
noun
2.
an act of exchanging one thing for another.
"let's do a swap"
synonyms:   exchange, interchange, trade, switch, trade-off, substitution; informalswitcheroo
"a job swap"

Since you like to "read between the lines" has it occured to you that james could have used monero/boolberry/aeon tech for btcd but he did not. Like an adult he realised zcash was going to be superior and chose it instead.
#iceRekt
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September 08, 2016, 07:07:44 PM
 #615

(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE

I don't post much here and even less in order to reply to FUD, and I think james is able to address other accusations perfectly by himself, but when browsing quickly I saw this part of your quote, digging up for convenience an old abandoned topic in nxtforum, I could not refrain myself. If you pasted this, you seem to have little clue about what you're saying, or if you really do have a clue, you do not seem to care about what you post. I think I am qualified to reply because I have been coordinating the Multigateway service for quite a long time now.

The Multigateway working in Nxt Asset Exchange is perfectly fine and working, thank you. The mgwCOIN assets were development assets that were swapped over a year ago for the superCOIN assets that have been used since, through the MGW v2 server code, and are still being used, most specially superBTC and superBTCD. You can find the current assets information in the Multigateway information website. The multi-wallet GUI to deposit and withdraw supported coins is SuperNET Lite. Here you have the source code and the downloads and releases information. The client side is currently developed by tosch taking from the first SuperNET Lite release in 2015.

Maybe Iguana will make the current incarnation of the Multigateway obsolete. Maybe the Multigateway in Nxt will morph to a new tool under new development hands. There's a lot of things changing, the pace is speeding up, and it is difficult to predict how everything will work next year, but quoting the MGW as an "abandoned project" is ridiculous and simply false. James moved on to develop other projects when the MGW was stable, and in spite of the disagreements between james and the Nxt developers, SuperNET has been keeping the MGW infrastructure up for a long time and maintaning a useful tool for the SuperNET/Nxt community.

tl:dr, check your sources. Otherwise you are hurting any credibility you may have.
jl777
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September 08, 2016, 07:21:37 PM
 #616

(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE

I don't post much here and even less in order to reply to FUD, and I think james is able to address other accusations perfectly by himself, but when browsing quickly I saw this part of your quote, digging up for convenience an old abandoned topic in nxtforum, I could not refrain myself. If you pasted this, you seem to have little clue about what you're saying, or if you really do have a clue, you do not seem to care about what you post. I think I am qualified to reply because I have been coordinating the Multigateway service for quite a long time now.

The Multigateway working in Nxt Asset Exchange is perfectly fine and working, thank you. The mgwCOIN assets were development assets that were swapped over a year ago for the superCOIN assets that have been used since, through the MGW v2 server code, and are still being used, most specially superBTC and superBTCD. You can find the current assets information in the Multigateway information website. The multi-wallet GUI to deposit and withdraw supported coins is SuperNET Lite. Here you have the source code and the downloads and releases information. The client side is currently developed by tosch taking from the first SuperNET Lite release in 2015.

Maybe Iguana will make the current incarnation of the Multigateway obsolete. Maybe the Multigateway in Nxt will morph to a new tool under new development hands. There's a lot of things changing, the pace is speeding up, and it is difficult to predict how everything will work next year, but quoting the MGW as an "abandoned project" is ridiculous and simply false. James moved on to develop other projects when the MGW was stable, and in spite of the disagreements between james and the Nxt developers, SuperNET has been keeping the MGW infrastructure up for a long time and maintaning a useful tool for the SuperNET/Nxt community.

tl:dr, check your sources. Otherwise you are hurting any credibility you may have.
claiming MGW is abandoned, jl777hodl is failed when it has accumulated 600+ BTC from just one of its holdings, and other desperate FUD, it does seem that somebody is in a panic mode.

on the one hand "jl777hodl is a failure"
on the other hand it has 200 siafund worth over 600 BTC

on the one hand "MGW is abandoned"
on the other hand MGW has been in service for years as described above

on the one hand "jl777 starts project after project"
on the other hand jl777 has be focussed on iguana for the last 10 months

anyway, iguana was having some windows compatibility issues and so I ported the entire 100,000 line codebase into visual studio, today. I guess I am just too slow and I should have been able to do it in 4 hrs? My only excuse is I dont even have a windows machine and had to do it remotely, power went out for a few hours and I dont use windows. that is why it took all day

So let us stop this nonsense about me not finishing projects. Porting iguana to visual studio would have been a month+ project for most devs. So does it count against me that I started the port iguana to visual studio project today and finished it today?

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 08, 2016, 11:04:44 PM
 #617

As a happy user of the MGW   I can for sure say it is fully operational.   James has been working tirelessly on the Iguana project for a long time now and its finally coming to fruition.  I even had the joy of running  the GUI version of it  and  by all accounts it is arguably the best piece of crypto software since Bitcoin itself.   Projects of this scale  take time,  and it definitely has been worth the wait.
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September 09, 2016, 12:16:39 AM
 #618

Hi James
 I see mention of jl777hodl. I own a few hundred but I don't really get it so to speak they have a current value of between 3/4 nxt, which is bugger all. Can you give any heads up about what's happening with this asset

Cheers Jon  Cool

          New FUBAR Coin Don't believe the hype
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September 09, 2016, 04:14:22 AM
 #619

Hi James
 I see mention of jl777hodl. I own a few hundred but I don't really get it so to speak they have a current value of between 3/4 nxt, which is bugger all. Can you give any heads up about what's happening with this asset

Cheers Jon  Cool

Not much has happened with it. Currently it is a steal when factoring in the siafunds it contains.

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September 09, 2016, 04:55:26 AM
 #620

Hi James
 I see mention of jl777hodl. I own a few hundred but I don't really get it so to speak they have a current value of between 3/4 nxt, which is bugger all. Can you give any heads up about what's happening with this asset

Cheers Jon  Cool
The problem is that the NXT AE's liquidity has really dried up due to circumstances beyond my control. So instead of trading at some reasonable price that reflects the true value of its holdings, it doesnt really trade at all. I warned them. I made a lot of noise about this. I predicted this would happen if they went ahead with their splitting the coin plan, but I was ignored. And I could no longer justify spending my time enhancing NXT.

The split with NXT is what convinced me that I had to create my own platform that I can trust to not be changing beneath my feet if it suits the interests of the primary coin holders. Derived crypto has no protection against the hardfork attack where the devs and large stakeholders agree to transfer value from the addons, like assets.

To solve this I am making assetchains, a blockchain secured by itself using PoS of itself. Now before you start accusing me of starting another project, this one was forced onto me by the NXT situation and I designed a solution that fits into the SuperNET roadmap.

Now the problem with a PoS chain with very few nodes is that it will be very weak and I would not feel it secure enough. So what is needed is a way to enhance the security of assetchains.

Hence dPoW

Before any trolls try to say I did the same thing to BTCD, I remind them that NXT assets had literally millions of dollars worth trading on it before they changed the fundamental future value of what assets are denominated in and without any way to get back onto the main value coin. Of course they are nice enough to support a slave chain at the mercy of the mainchain if you pay a 50% tax. This would be similar to the NASDAQ saying that instead of trading in USD, they are changing to the Argentine peso, except for a while it will trade as it if was (half EUR + YEN), except for the time where it is ...

All NXT asset holders had to become like advanced forex traders and instead of highly predictable currencies like the USD, GBP, lira, peso, they would be denominated in an ever changing base value whose price had no history and was totally unpredictable. It didnt take a genius to realized that to properly price assets in such chaos would be beyond the skills of most the existing assetholders. All they would see is crazy overnight 4x revaluations and 80% drops and that is if the prices did the logical thing! If nobody is trading something and it revalues, then it cant help but be mispriced. And globally mispricing all assets in the market and saying that its the assets fault if they stay mispriced. They are causing financial harm to basically everyone that invested in my assets and I couldnt do anything about it. I just couldnt deal with it anymore and left NXT.

There are no assets denominated in BTCD. Also, even if there was, I would have allowed assets to become denominated in KMD. It matters what currency you trade against.

Oh, the true native DEX will allow trading of all the assetchains directly against BTC, and each other.

So that is what is happening with jl777hodl and many other assets.

I can also talk about why InstantDEX is not yet. Originally I designed it based on NXT, then all the blockchain messages became temporary which is not good for financial records that I wanted to use it for. The permanent messages costs went up 5x and what was already on the high side for fees of 5 NXT due to the number of transactions, would have cost 25NXT. That is more than the cost of using bitcoin!

Rather than release it with an nonviable pricing, I decided to wait to port it on top of iguana. Of course, to get some product release pump, I could have released it, but that is not who I am. If the non-technical aspects of the tech make it non-viable, I wont release it just to be able to say I released it.

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