BTC-BTC-BTC
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 Offline
Activity: 1582
Merit: 1001
www.neutroncoin.com
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October 03, 2016, 12:03:54 AM |
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Looking forward for Komodo.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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ohweoh
Newbie
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Activity: 34
Merit: 0
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October 03, 2016, 03:21:04 AM |
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From what I gather If I invest with BTCD, I have to do so after the ICO date correct? You will miss out on the 25% bonus.
So I've been planning on just investing BTC on the first day to get a better exchange for my money.
Am I wrong/mislead?
Thanks!
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jd1959
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October 03, 2016, 06:05:10 AM |
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BTCD Valuation for the swap
In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August. The swapping process will take place after the ICO ends. Average price in Aug = 0.00354716 BTC/BTCD
BTCD exchange rate = 0.00354716 * 1.5 = 0.00532074 BTC/BTCD-> BTCD's are worth ~6846 BTC in the ICO [1 286 654 BTCD × 0.00532074 BTC/BTCD] BTC Bonus system
Oct. 15 - 25% bonus Oct. 16-22 - 20% bonus Oct. 23-29 - 15% bonus Oct. 30-Nov 5 - 10% bonus Nov 6-12 - 5% bonus Nov 13-20 - 0% bonus BTCD Bonus system
Another bonus system was established to counter the dilution the BTC bonus system would have for BTCD investors. The bonus is calculated 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 would bring the BTCD swap rate to 0.005852. KMD coin distribution
10 million Komodo coins are reserved for development, advisers and bounties. 90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO. The BTCD/KMD and BTC/KMD exchange rates depends on how much money is raised, and they can only be calculated after the ICO has ended. For more information see this Steemit post. Our Steemit posts
Komodo Has Been Born!
Komodo ICO: Questions and Answers
The Silent Progress of Deep Tech
So we need to buy BTCD to join this ICO? It's dangerous to invest in anything if you have limited reading skill Cheers Jon  |
dICO Disguised Instant Cash Out |
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KomodoPlatform
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October 03, 2016, 07:11:25 AM |
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So we need to buy BTCD to join this ICO?
You can invest with both BTC and BTCD. Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied). Likewise BTCD also comes with other benefits like an average bonus boost and more. The OP says the BTCD swap will be dealt with after the ICO, but gives no details. How will the process work? Will the BTCD swappers get their new coins at exactly the same time the bitcoin investors get theirs? From what I gather If I invest with BTCD, I have to do so after the ICO date correct? You will miss out on the 25% bonus.
So I've been planning on just investing BTC on the first day to get a better exchange for my money.
Am I wrong/mislead?
Thanks!
This steemist post has a lot of answers regarding BTCD & the Komodo ICO. After that post we also came up with the BTCD bonus to counter the dilution against the BTC bonus system. That is explained in the second comment of this thread. You can buy BTCD at any time from the open markets, but the actual BTCD <-> KMD swap will happen after ICO. After we go live everyone will have an equal chance to get their KMD coins, whatever they invested with BTCD or BTC. |
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KomodoPlatform
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October 03, 2016, 07:27:10 AM |
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The 'delayed Proof of Work' consensus method will help other blockchains to secure themselves with Bitcoin's hashrate. It's a major advancement for the whole crypto, as other coins/blockchains will benefit from Bitcoin. The crypto space needs to unite & work together against the true competitor: fiat money and centralized third party solutions. To spread the awareness we created we have created a Thunderclap campaign, where everyone can share the news about the dPoW white paper. If we don't reach the goal of 100 sign-ups, the campaign will be canceled! https://www.thunderclap.it/projects/47720-delayed-proof-of-work?locale=en |
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4emily
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October 03, 2016, 08:26:11 AM |
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Joined campaign - 65 more people still needed and only 2 days to go! I'm currently running v 1.0.0.0 of the BTCD wallet - the Export function is greyed out. How do I access my private key? Assuming it's stored in the wallet.dat file, what software do I need to open it? My OS is Windows 10 Thanks for any help  |
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jl777 (OP)
Legendary
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Activity: 1176
Merit: 1132
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October 03, 2016, 02:54:56 PM |
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Normally bitcoin miner generates a new address for each block reward. This is good for privacy, but it makes determining if a block is generated by a notary node problematic. I pushed a new komodo version that lets you specify a single destination address for mined blocks. it is not required to update as it is not a hardfork, but if you are running testnet, then it would be good to update. ./komodod -gen -genproclimit=6 -notary -pubkey="0286d7c2dc7b3cfc07e2ae3d3311b2be578e5d894da4a204345c713c7db7e76a20" the pubkey is the pubkey from the iguana wallet, which can be obtained after doing a walletpassphrase login and an activehandle call. Maybe we can update the GUI to display the pubkey to make it easier. If you dont have an iguana wallet: curl --url " http://127.0.0.1:7778" --data "{\"agent\":\"bitcoinrpc\",\"method\":\"encryptwallet\",\"passphrase\":\"a very strong passphrase here\"}" if you already have an iguana wallet: curl --url " http://127.0.0.1:7778" --data "{\"agent\":\"bitcoinrpc\",\"method\":\"walletpassphrase\",\"password\":\"a very strong passphrase here\",\"timeout\":86444}" which outputs: {"pubkey":"e9b52567e9e5ff99270e07b63a2a6f1ff41c4db58da62416f8b0b2c3f6c53b6c","RS":"NXT-LKC2-XCXF-U3LR-F9WSS","NXT":"15880686153265399104","btcpubkey":"0286d7c2dc7b3cfc07e2ae3d3311b2be578e5d894da4a204345c713c7db7e76a20","rmd160":"54a752f0d71b89d7c014ed0be29ca231c9546f9f","BTCD":"RGzoHWCedwL81g7hqtQ7fEvW3UexrzBZe8","BTC":"18icCzKN37XYwfkWNiQzZibJHDCNGo2Y6x","result":"success","handle":"","notary":-1,"persistent":"e9b52567e9e5ff99270e07b63a2a6f1ff41c4db58da62416f8b0b2c3f6c53b6c","status":"unlocked","duration":47475,"tag":"18292839364308746995"} "btcpubkey" field is the one to use for the -pubkey parameter Once all the blocks mined by notary nodes are to the same address for each notary node, then it allows calculation of how much each notary node mined per month and therefore any subsidy required. More importantly, it provides a way to determine if a block was generated by a notary node |
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_mr_e
Legendary
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Activity: 817
Merit: 1000
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October 03, 2016, 03:20:26 PM |
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How will we be verifying that the nodes are actually run in their separate geolocations and that nodes aren't run by sock puppets?
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jl777 (OP)
Legendary
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Activity: 1176
Merit: 1132
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October 03, 2016, 03:36:38 PM |
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How will we be verifying that the nodes are actually run in their separate geolocations and that nodes aren't run by sock puppets?
geolocation on ip address realtime turing tests for each notary node operator |
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BadAss.Sx
Legendary
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Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
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October 03, 2016, 04:15:48 PM |
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I have for rent:
3 x BadAss Notary Node incl. colo in a bulletproof location in the Netherlands
2 x Intel Xeon L5520 (8 cores/16 threads) you can use 12-14 threads for Komodod and 2-4 others for administrative tasks.
72GB memory
2 x 500GB Samsung Enterprise SSD (no consumer version) one will be used and second is spare in case the first one dies.
HP Smart Array B110i (RAID-modi; 0, 1 en 10)
Lights-Out 100 for remote access
Installed with preferrable Linux distro
220USD per month in BTC (3 months up front)
1 per person
I can fully secure the server and install everything for you for a fee.
Perfect as a Komodo Notary node. Now anyone can control one of the 64 nodes which are needed. Can be swapped for same notary node in Asia, Canada, America, Iceland
My DC has an uptime of 99.9% (in reality it is 100%). JL777 can confirm this. All servers are directly connected to the AMS-IX backbones.
Keep in mind, you'll get 500usd per month in KMD & BTC (if KMD are not 500usd worth at that time). So a profit of 280USD. 220USD you pay me in BTC.
A contract will be made for one year with option to extend it.
SOLD OUT!!
1 server left. Please note that you have to be elected to run this node. |
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crackfoo
Legendary
Offline
Activity: 3458
Merit: 1126
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October 03, 2016, 04:38:19 PM |
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I plan on running at least 1 notary node. It's currently installed and running in Montreal, Canada on a Intel Xeon E5-1650v3, 6core/12threads, 3,5 / 3,8 GHz, 128 GB of RAM DDR4 ECC 2133 MHz & 500 Mbps guaranteed bandwidth /w 1Gbps burst. Last year I operated and maintained a cluster of 18 VPS's for SuperNet/InstantDEX testing and development and for the past 4-5 years I've been operating mining pools. Currently operate www.zpool.ca on 5 dedicated servers. If all goes well, I will bring another notary node online in EU. Cheers! |
ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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yassin54
Legendary
Offline
Activity: 1540
Merit: 1000
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October 03, 2016, 04:55:18 PM |
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Komodo Dev Blog: Created the Komodo Block? |
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CryptoMrM
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October 03, 2016, 05:03:40 PM |
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So we need to buy BTCD to join this ICO?
You can invest with both BTC and BTCD. Right now you are better off investing with BTCD as the price is below 0.00425 (the first day BTC price with bonus applied). Likewise BTCD also comes with other benefits like an average bonus boost and more. The OP says the BTCD swap will be dealt with after the ICO, but gives no details. How will the process work? Will the BTCD swappers get their new coins at exactly the same time the bitcoin investors get theirs? From what I gather If I invest with BTCD, I have to do so after the ICO date correct? You will miss out on the 25% bonus.
So I've been planning on just investing BTC on the first day to get a better exchange for my money.
Am I wrong/mislead?
Thanks!
This steemist post has a lot of answers regarding BTCD & the Komodo ICO. After that post we also came up with the BTCD bonus to counter the dilution against the BTC bonus system. That is explained in the second comment of this thread. You can buy BTCD at any time from the open markets, but the actual BTCD <-> KMD swap will happen after ICO. After we go live everyone will have an equal chance to get their KMD coins, whatever they invested with BTCD or BTC. What people aren't realising that by buying BTCD you will also be able to trade straight away after the ICO in what is effectively a token linked to the value of KMD. That being on Poloniex as-well. I've made a more in-depth traders post about this but I'm not posting it here. |
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yassin54
Legendary
Offline
Activity: 1540
Merit: 1000
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October 03, 2016, 05:22:15 PM |
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Q & A: SuperNET, Iguana, and the Role of Komodo. |
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4emily
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October 03, 2016, 05:48:20 PM |
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I'm currently running v 1.0.0.0 of the BTCD wallet - the Export function is greyed out. How do I access my private key? Assuming it's stored in the wallet.dat file, what software do I need to open it? My OS is Windows 10 Thanks for any help Bump Anyone? |
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jl777 (OP)
Legendary
Offline
Activity: 1176
Merit: 1132
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October 03, 2016, 05:57:48 PM |
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I'm currently running v 1.0.0.0 of the BTCD wallet - the Export function is greyed out. How do I access my private key? Assuming it's stored in the wallet.dat file, what software do I need to open it? My OS is Windows 10 Thanks for any help Bump Anyone? from debug console you can do dumpprivkey or backupwallet or dumpwallet |
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MrPresident
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October 03, 2016, 06:34:49 PM
Last edit: October 03, 2016, 06:46:40 PM by MrPresident |
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Couple serious questions:
What keeps regulators from simply watching the transfer outputs from Komodo chain like they do laundering sites?
... exchanges like Poloniex are KYC compliant and keep a record of all trades.
and
What do you mean by "recycles Bitcoin’s hashrate"?
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK!
Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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Blue777
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October 03, 2016, 06:38:10 PM |
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looks have some innovations,keep an eye on this  |
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jl777 (OP)
Legendary
Offline
Activity: 1176
Merit: 1132
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October 03, 2016, 06:43:49 PM |
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Couple questions:
What keeps regulators from simply watching the transfer outputs from Komodo chain like they do laundering sites?
... exchanges like poloniex are KYC compliant and keep a record of all trades.
and
What do you mean by "recycles Bitcoin’s hashrate"?
using iguana's native DEX that uses atomic cross chain swaps, there is no KYC, and you can trade against BTC and compatibles. Granted the blockchains do keep a record of all transactions, the zcash tech makes it a rather meaningless thing as the anon set is the entire number of transactions in the 2^28th tree and there is no KYC blockhashes of KMD is securely written to the bitcoin blockchain and further that data is used by the consensus logic. Basically the KMD blockchain data is extended to include small amount of the bitcoin blockchain once the bitcoin blockchain confirms the tx with the KMD blockhash, then it becomes as secure as a bitcoin block as the bitcoin blockchain would need to be reorged for the KMD chain to be reorged. |
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