[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B

[CryptoSporidium]

@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little..  Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..

The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..

We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream..  Monero and Steem had 50X rise on arguably less tech..  One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain...  Not a 25%, but a 700% gain (minimum)..  This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at..  Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..

Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc.  Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.

AND....  That is the opinion of a non komodo team member, who is managing the investment of BTCD for others.  I effectively have the obligation to reach out to Komodo team and ask them rethink this..

Komodo team - please.... really think this thru carefully..  What you have done is NOT ok..  It's basic common sense..  In the statutory world, people likely go to jail for less..  7X Market gain on 4Mil is 24 Mil profit..  This is NOT a lemonade stand.  You have to act with the utmost care for your investors.  Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..

Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines..   Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust..  I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan..  You need to fix this..

Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.

You can lead a horse to water, but you can make it drink.

Good points! I think those BTCD investors who will be paid 'advisors' from the 10% KMD premine need to declare this openly now to help further discussion.

[jd1959]

sorry guys, I do not understand what is Komodo? Is it Zcash fork?

ICO on a fork of a coin that isn't even released yet. I rest my case.

+1

If anyone says that they will pay you Zcash before October 28, 2016, then there must be some mistake, because Zcash will not exist until then. This previous statement was copied from the ZCASH website (https://z.cash/)

Can someone please explain the rush to dump BCTD and rush into something that is still in Beta mode and has no proven track record in the real world. I get that it sounds sexy, however could not we wait until the tech is

proven? I can see it now "There has been a holdup delivering your Komodo Coins because there is a problem with  Zcash, we are currently in negotiations with the zerocash Dev's to resolve the problem. We are

ready to deliver however we have been let down by a situation that is beyond our control "

Cheers Jon 

[Thenoticer]

Thank you for useful questions!

1. Has Supernet generated any revenues? (Props to you for keeping the price at near beginning level)
- yes there have been some assets, but those didn't really give any revenues
- the funds supernet has, have been used for trading, have any of those profits been given back to the hodlers?

Unfortunately, other than trading gains, which arent revenues, there hasnt been anything that generates positive cashflow. Now there is no way I can responsibly even think about dividending out the trading gains while we are below the original NAV. Things got pretty bad for a while, but I seem to have made up almost 2000 BTC worth this year. However past performance cannot be guaranteed to confirm and I did hit a good run of picks.

As komodo is the anchor piece that gets a stable set of notary nodes, they will not only perform notary duties, I will use them for other useful tasks in the ecosystem where a set of high availability services are needed. mostly just simple directory and "bulletin board" low bandwidth services, but still very useful for things like a list of all active coins in the networks, current active peers, DEX trading pairs, etc.

Getting the DEX fully stocked LP (liquidity provider) nodes is one of the charter's for komodo funds (after the blockchain critical things are paid for)

2. What role will Btcd play in iguana?
-Before it was needed as the grease for iguana transactions? Now what is the grease for iguana, komodo?

where it makes sense what would have been btcd fees will be komodo fees, as komodo is btcd 2.0. However, maybe there is a miscommunication, even before komodo if an iguana node is performing say LTC services for a basilisk, it would have charged LTC. Ah, ok I think I understand. For the multicurrency fees coming in to the revenue streams, they will be converted to the komodo and act like a pool that is converting the various mined currencies to the destination currency. But, the coin fees an iguana node would get from a basilisk node wont be autoconverted, that would be something that the one running the node would have to do

So grease is not the right analogy... I dont want there to be any needless barriers to adoption, so whenever possible it will be denominated in the most appropriate currency, whatever that is. The reinforcement effect will come from the required conversion into komodo

3. You said that you will never build on a platform you have no control on (ie: nxt) but is not btc and zcash outof your control
-what happens if btc transaction fees become large
-or btc changes in a way that is disasterous to your project

The bitcoin protocol is documented and not anything that can just be changed by one dev declaring it changed, like happened in NXT. The often contentious BTC world has the advantage that change is much slower.

Fee increases are factored in and why this ICO, but even at the lower end of funds raised, I can reduce the costs by increasing the delay. There is a parameter of "Delay Minutes", which determines how long after a new BTC block comes in that the notary transaction is submitted. The smaller this, is the more frequently we get notarized, which reduces the delay for BTC protection, but increases the cost.

So the fallback plan is to increase Delay Minutes to fit within the budgeted amount.

Now if some blackswan event makes bitcoin go insane and unusable, well, there is always other very strong chains, so I would find the most stable and secure one and use it for the notarization recording.

As far as zcash goes, it is a large open source project with a lot of very good devs. Having interacted with them during the alpha stage I dont see them making changes other than what is required for security reasons and if that is the case, komodo is well served to adopt it.

Another point to note is that iguana now works with over a dozen coins. natively, doing parallel sync with them. zcash is one of these and it is a key component for komodo, but iguana is still the platform. So the dPoW layer will be built on top of iguana API (custom extensions I will create) and the iguana will interface with the bitcoin and zcashd components.

I know from the outside it is really hard to discern these type of things, so I am glad you are asking such good questions

-or z cash fails to deliver a working product, or zcash delays their launch, or zcash who can read this thread sees you as a competitor and seeks to throw a monkey wrench in your launch somehow.

zcash already has a working product! Granted it is being security reviewed for flaws, but it is working. Of course for the GUI purists it is totally unfinished as it wont have a GUI for a while, but I speak of the zkp (zero knowledge proof) logic and having it mapped to the bitcoin transaction model. Quite an achievement already. Of course a delay is possible, but I dont expect there to be any prolonged delay.

Now I certainly hope zcash doesnt view komodo as a competitor. It is an open source project and we will be doing a GUI that I hope the zcash team can use. Also, ZEC is a mined coin, komodo is dPoW so I really dont see how there is much overlap between the two from a non-technical point. I estimate the market price for ZEC to be very high compared to komodo, so it will be similar to LTC's silver to BTC's gold situation. komodo price will be in sub-dollar range. ZEC price I have to imagine will be $10 to $100+, especially at first.

If komodo is a massive success that will give zcash a lot of exposure by necessity. I was also in discussions about donating the 5% staking by the zkp funds to the zcash devs, as I couldnt figure out a way how to get anymore than aggregate amounts in the zkp form, it is that strong a privacy. So if the zcash team would accept this, then we wouldnt just be a project that forked zcash, we would be contributing back GUI, publicity and also some Komodo

[BitcoinOnFire]

Such response I concern a FUD.

This is not brand changing what happens here. If it was that only would be ok.

Hi guys
Good to see such intense debate. I'll just add that no matter where you sit in this debate that changing the name of BTCD to KOMODO is the best news since the launch of BTCD. I have always thought that BTCD was

the worst name in the brief history of crypto. In future if we could ban the use of the words "Dark & Classic' in the naming of coins, my day will be made. Please note that this comment is my personal opinion only.

Cheers Jon   

[BitcoinOnFire]

Exactly.

Big change with no discussion + no business/cost plan = disrespect to old investors and previous ICO. New investors beware!

New investors beware especially - when you will try to expect the profit - you will be called greedy short term pump whales. You are good before you buy in, bad after. Read teh topic and see the context.

So do not try to invest here to get profit. Not the case. Just for fun. When there will be a profit possible - new ICO can replace it like the current one And the awaited profit will be called "artificial pump", so thea team will help to avoid that very bad thing! Good to have fair socialist here!

Of course the team does not whant to change and dicuss anything - they will benefit on the ICO a lot. And there is many people to feed - just check the website and team. 30k BTC will be enough to give a lambo to each.

@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little..  Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..

The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..

We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream..  Monero and Steem had 50X rise on arguably less tech..  One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain...  Not a 25%, but a 700% gain (minimum)..  This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at..  Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..

Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc.  Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.

AND....  That is the opinion of a non komodo team member, who is managing the investment of BTCD for others.  I effectively have the obligation to reach out to Komodo team and ask them rethink this..

Komodo team - please.... really think this thru carefully..  What you have done is NOT ok..  It's basic common sense..  In the statutory world, people likely go to jail for less..  7X Market gain on 4Mil is 24 Mil profit..  This is NOT a lemonade stand.  You have to act with the utmost care for your investors.  Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..

Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines..   Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust..  I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan..  You need to fix this..

Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.

[KomodoPlatform]

When is it expected KMD to enter an exchange like bittrex? Just after ICO period ends?

Thank you

We will launch mainnet after the Zcash final release, which should happen within 2 weeks after ICO. The certainty of this timeline will be double-checked after we move closer to the ICO. For example,  Zcash testnet beta should begin tomorrow!

This is a huge project, and with any huge projects delays are possible. Delays could come from our end or from Zcash. However, jl777 is confident that the Zcash team is doing great job and will stay in schedule.  At this point, there are no reasons to suspect any delays.

If anyone says that they will pay you Zcash before October 28, 2016, then there must be some mistake, because Zcash will not exist until then. This previous statement was copied from the ZCASH website (https://z.cash/)

Thank you Jon for pointing this out!

There is a misunderstanding here. Here is the timeline:

September 7 - Zcash testnet beta
October 15 - Komodo ICO starts
October 28 - Zcash blockchain launch
Nov 20 - Komodo ICO ends
-> Komodo mainnet launch (current estimation is within 2 weeks after ICO)

It's important to understand that we are not Zcash and you will not receive Zcash (the coin), you will recieve our own coin: Komodo.

In other words, we are not promising to pay Zcash to anyone, at any date! Instead we will use the Zcash open source technology, together with our own additions, to create Komodo. You can expect to get Komodo coins someday after our ICO ends, in November-December.

I hope this cleared everything!

best regards!

[PondSea]

@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little..  Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..

The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..

We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream..  Monero and Steem had 50X rise on arguably less tech..  One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain...  Not a 25%, but a 700% gain (minimum)..  This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at..  Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..

Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc.  Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.

AND....  That is the opinion of a non komodo team member, who is managing the investment of BTCD for others.  I effectively have the obligation to reach out to Komodo team and ask them rethink this..

Komodo team - please.... really think this thru carefully..  What you have done is NOT ok..  It's basic common sense..  In the statutory world, people likely go to jail for less..  7X Market gain on 4Mil is 24 Mil profit..  This is NOT a lemonade stand.  You have to act with the utmost care for your investors.  Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..

Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines..   Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust..  I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan..  You need to fix this..

Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.

You can lead a horse to water, but you can make it drink.

Good points! I think those BTCD investors who will be paid 'advisors' from the 10% KMD premine need to declare this openly now to help further discussion.

CryptoSporidium i dont think I have seen you in the BTCD thread. I have been active in the BTCD community for over 2 years and have the biggest? holdings outside of Supernet related funds. So i believe my opinions concerning BTCD matter.

Can you please let me know which Komodo team member said we were guaranteed a 7x gain? The majority of the current investors in BTCD are in it for the tech and vision and not to get out during a short term pump. James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant.

If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings?

[PondSea]

BitcoinOnFire why dont you man up and show up with your main account and not this puppet account?

20 months between posting and we are the target of your FUD is too obvious.

[l8orre]

We will launch mainnet after the Zcash final release, which should happen within 2 weeks after ICO. The certainty of this timeline will be double-checked after we move closer to the ICO. For example,  Zcash testnet beta should begin tomorrow!

This is a huge project, and with any huge projects delays are possible. Delays could come from our end or from Zcash. However, jl777 is confident that the Zcash team is doing great job and will stay in schedule.  At this point, there are no reasons to suspect any delays.

Speaking of which- is there an official stance of the zcash team towards Komodo?

[Fern]

Zooko Twitter feed - "Interesting new cryptocurrency, re-uses our Zcash science and open-source code: https://komodoplatform.com/  Haven't had time to understand it."

He doesn't seem too pissed about it. Who knows how many other projects use Zcash, Komodo just the first.

We will launch mainnet after the Zcash final release, which should happen within 2 weeks after ICO. The certainty of this timeline will be double-checked after we move closer to the ICO. For example,  Zcash testnet beta should begin tomorrow!

This is a huge project, and with any huge projects delays are possible. Delays could come from our end or from Zcash. However, jl777 is confident that the Zcash team is doing great job and will stay in schedule.  At this point, there are no reasons to suspect any delays.

Speaking of which- is there an official stance of the zcash team towards Komodo?

[CryptoSporidium]

@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little..  Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..

The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..

We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream..  Monero and Steem had 50X rise on arguably less tech..  One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain...  Not a 25%, but a 700% gain (minimum)..  This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at..  Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..

Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc.  Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.

AND....  That is the opinion of a non komodo team member, who is managing the investment of BTCD for others.  I effectively have the obligation to reach out to Komodo team and ask them rethink this..

Komodo team - please.... really think this thru carefully..  What you have done is NOT ok..  It's basic common sense..  In the statutory world, people likely go to jail for less..  7X Market gain on 4Mil is 24 Mil profit..  This is NOT a lemonade stand.  You have to act with the utmost care for your investors.  Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..

Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines..   Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust..  I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan..  You need to fix this..

Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.

You can lead a horse to water, but you can make it drink.

Good points! I think those BTCD investors who will be paid 'advisors' from the 10% KMD premine need to declare this openly now to help further discussion.

CryptoSporidium i dont think I have seen you in the BTCD thread. I have been active in the BTCD community for over 2 years and have the biggest? holdings outside of Supernet related funds. So i believe my opinions concerning BTCD matter.

Can you please let me know which Komodo team member said we were guaranteed a 7x gain? The majority of the current investors in BTCD are in it for the tech and vision and not to get out during a short term pump. James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant.

If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings?

My point is btcd holders offering opinions on the merits of the Komodo plan should declare if they're going to be paid from the 10% premine. You said when james first told you about the dilution of btcd you had strong doubts, but then he 'convinced' you. It's a fair question to ask are you going to be paid from ico funds or the premine. It might be perfectly reasonable for you to receive payment for work done, but then again, people can change their opinion if they're paid to. You're strongly in favor of the ico plan, so  you and others should declare if any deals or understandings have been entered into. You can obviously say that's not relevant, but others could then judge how objective you are in this discussion.

Me, a small btcd holder not involved in testing etc, not being paid anything

[PondSea]

James listened to my concerns and raised points to counteract those concerns and took on the feedback. This is what made me join the team, not to get some incentive to do so.

Now if you want to know if im biased, well i am since im on the team. This does not remove the fact that i am a big BTCD holder and have had the best interest of BTCD holders at heart when speaking to James about this.

In any case you are free to swap or not swap. If you dont swap you will still have the BTCD you have now.

[CryptoSporidium]

James listened to my concerns and raised points to counteract those concerns and took on the feedback. This is what made me join the team, not to get some incentive to do so.

Now if you want to know if im biased, well i am since im on the team. This does not remove the fact that i am a big BTCD holder and have had the best interest of BTCD holders at heart when speaking to James about this.

In any case you are free to swap or not swap. If you dont swap you will still have the BTCD you have now.

Fair enough then, you prefer not to disclose or discuss any payments you might be receiving from premine or komodo ico funds as an advisor, as is your right.

[RichardT]

You do realize that a lot of the real opposition is actually from BTCD supporters right?  This ICO actually affects us the most, not other coins/projects.

I didn't see mention that iguana will be released before end of ICO anywhere, so I must have missed it or it was buried somewhere in here or in slack.  If this could be made more prominent then it would change some things.  Preferably, iguana should be released even before the ICO starts.

Of course, there is this whole other issue of the ICO controlling BTCD market prices for the next months to come and ultimately diluting current BTCD holdings.  But I won't go into that right now.

BTCD holders have a vested interest in this true, but i dont think the real opposition is from BTCD supporters thought.

If it was then logic will dictate their responses (like yours) and not fudding like the rest of them.

If you have any questions or concerns feel free to shoot me a DM on slack or PM me here.

Actually, current BTCD holders have the most motive to oppose this ICO.  It is the holders that are directly affected by the price control and eventual dilution of their holdings.  Not Zcash, Monero, or any other coins/projects out there.  Having said that, I wouldn't mind a 1:1 swap, but of course this doesn't bring the team enough guaranteed money.

In regards to the actual Komodo tech, it's hard not to be skeptical given what has happened so far.  It sounds like cool tech, but then it's just another thing that will require extensive testing, a gui, etc and possible delays/drawbacks before it'll be usable by the public.  Who knows how long that will take.  I will wait for Iguana release first, then maybe that will gain back some of the trust.

[flyer88]

[...] James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant.

If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings?

Thats right, but he pushed BTCD with his statements, that the coin will be a core part of supernet. Thats the reason why the people bought it. Thats the basement of the price. Nobody would believe him anything in the future if he would say now: "Sry guys i will use another coin for supernet" The swap is absolutely necessary. Dont sell it as his good will.

And now the stakes of these buyers get diluted without any discussions or warnings.

I have only a few BTCD which i have bought over a year ago because of james's announcements. Now i feel a little bit.. pranked.

[PondSea]

You do realize that a lot of the real opposition is actually from BTCD supporters right?  This ICO actually affects us the most, not other coins/projects.

I didn't see mention that iguana will be released before end of ICO anywhere, so I must have missed it or it was buried somewhere in here or in slack.  If this could be made more prominent then it would change some things.  Preferably, iguana should be released even before the ICO starts.

Of course, there is this whole other issue of the ICO controlling BTCD market prices for the next months to come and ultimately diluting current BTCD holdings.  But I won't go into that right now.

BTCD holders have a vested interest in this true, but i dont think the real opposition is from BTCD supporters thought.

If it was then logic will dictate their responses (like yours) and not fudding like the rest of them.

If you have any questions or concerns feel free to shoot me a DM on slack or PM me here.

Actually, current BTCD holders have the most motive to oppose this ICO.  It is the holders that are directly affected by the price control and eventual dilution of their holdings.  Not Zcash, Monero, or any other coins/projects out there.  Having said that, I wouldn't mind a 1:1 swap, but of course this doesn't bring the team enough guaranteed money.

In regards to the actual Komodo tech, it's hard not to be skeptical given what has happened so far.  It sounds like cool tech, but then it's just another thing that will require extensive testing, a gui, etc and possible delays/drawbacks before it'll be usable by the public.  Who knows how long that will take.  I will wait for Iguana release first, then maybe that will gain back some of the trust.

Yep best to wait to see what iguana can do before deciding.

[jd1959]

We will launch mainnet after the Zcash final release, which should happen within 2 weeks after ICO. The certainty of this timeline will be double-checked after we move closer to the ICO. For example,  Zcash testnet beta should begin tomorrow!

This is a huge project, and with any huge projects delays are possible. Delays could come from our end or from Zcash. However, jl777 is confident that the Zcash team is doing great job and will stay in schedule.  At this point, there are no reasons to suspect any delays.

Speaking of which- is there an official stance of the zcash team towards Komodo?

jl777 gets a thank you in section 8 acknowledgements in the following  (https://github.com/zcash/zips/blob/master/protocol/protocol.pdf) so the guys at Zcash certainly have had conversation with him.

Cheers Jon 

[PondSea]

[...] James has no obligations to you nor BTCD holders in general, and is free to leave at any time like any other open source project. What people need to remember is James did not start this coin but has helped it become relevant.

If he wants to just make Komodo without a BTCD swap he is free to. How would that work out for you holdings?

Thats right, but he pushed BTCD with his statements, that the coin will be a core part of supernet. Thats the reason why the people bought it. Thats the basement of the price. Nobody would believe him anything in the future if he would say now: "Sry guys i will use another coin for supernet" The swap is absolutely necessary. Dont sell it as his good will.

And now the stakes of these buyers get diluted without any discussions or warnings.

I have only a few BTCD which i have bought over a year ago because of james's announcements. Now i feel a little bit.. pranked.

Sure but does James get out of this? His hard work done for free so the btcd holders can profit from? Why does everyone seem so entitled when most couldnt even bother testing the tech over the last 2 years?

If more people were less concerned about a pump and more of getting it to market, we wouldnt be having this discussion as the tech would be finished by now.

[bitkokos2]

You do realize that a lot of the real opposition is actually from BTCD supporters right?  This ICO actually affects us the most, not other coins/projects.

I didn't see mention that iguana will be released before end of ICO anywhere, so I must have missed it or it was buried somewhere in here or in slack.  If this could be made more prominent then it would change some things.  Preferably, iguana should be released even before the ICO starts.

Of course, there is this whole other issue of the ICO controlling BTCD market prices for the next months to come and ultimately diluting current BTCD holdings.  But I won't go into that right now.

BTCD holders have a vested interest in this true, but i dont think the real opposition is from BTCD supporters thought.

If it was then logic will dictate their responses (like yours) and not fudding like the rest of them.

If you have any questions or concerns feel free to shoot me a DM on slack or PM me here.

Actually, current BTCD holders have the most motive to oppose this ICO.  It is the holders that are directly affected by the price control and eventual dilution of their holdings.  Not Zcash, Monero, or any other coins/projects out there.  Having said that, I wouldn't mind a 1:1 swap, but of course this doesn't bring the team enough guaranteed money.

In regards to the actual Komodo tech, it's hard not to be skeptical given what has happened so far.  It sounds like cool tech, but then it's just another thing that will require extensive testing, a gui, etc and possible delays/drawbacks before it'll be usable by the public.  Who knows how long that will take.  I will wait for Iguana release first, then maybe that will gain back some of the trust.

1:1 swap is not a good idea.
if lets say you have 100btcd you get 100kmd.
But, total BTCD are 20 millions and KMD 200 millions
I would say you should get 2000 KMD

[airsekui]

Yes we use the Zcash technology, all credit to them! However, we are not a simple fork as we have added our own technology on top of it. We use NXT style PoS along with a new consensus method called dPoW. The dPoW is an innovation of our own, which will secure Komodo with bitcoin's hashrate (and other coins can secure their blockchains via Komodo).

This is such a convoluted explanation. For all potential investors, please forget about Komodo and simply invest hard in zcash. JL always does this...finds his group of fan-boys who buy into the tech, makes them so excited about something "new" which ends up never getting done and eventually gets hashed into a new ICO....There is no competitive advantage here compared to BTC and zcash for anonymity. This tech will not work.