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

[ka82]

Komodo team is preparing for Stockholm.

Twitter : https://twitter.com/KomodoPlatform/status/905569961954992129


WIshing you the very BEST for the upcoming announcement. You guys have an amazing TECH - Agama.

If you are successful, You will be most disruptive tech since Ether. I could only imagine how much money people paid to these exchanges. People might buy/sell, loose money or make money, exchanges always made money in fees. Thanks to you, within a year all these exchanges will be jobless.

RIP exchanges

https://cryptocoincharts.info/markets/info

P.S Please fix Agama wallet. People cannot trust your tech unless you have a working wallet.

"Lose" instead of "Loose"
"Wishing" instead of "WIshing"

[ka82]

Komodo team is preparing for Stockholm.

Twitter : https://twitter.com/KomodoPlatform/status/905569961954992129


WIshing you the very BEST for the upcoming announcement. You guys have an amazing TECH - Agama.

If you are successful, You will be most disruptive tech since Ether. I could only imagine how much money people paid to these exchanges. People might buy/sell, loose money or make money, exchanges always made money in fees. Thanks to you, within a year all these exchanges will be jobless.

RIP exchanges

https://cryptocoincharts.info/markets/info

P.S Please fix Agama wallet. People cannot trust your tech unless you have a working wallet.

"Lose" instead of "Loose"
"Wishing" instead of "WIshing"

what's this? who's writing this??

[BountyHunter2012]

[/quote]

"Lose" instead of "Loose"
"Wishing" instead of "WIshing"
[/quote]

what's this? who's writing this??
[/quote]


Consider me a fan boy who understands business aspects and who could foresee the future of Crypto Exchanges.

Thanks for the English lesson :-)

[ka82]

"Lose" instead of "Loose"
"Wishing" instead of "WIshing"
[/quote]

what's this? who's writing this??
[/quote]


Consider me a fan boy who understands business aspects and who could foresee the future of Crypto Exchanges.

Thanks for the English lesson :-)
[/quote]

I'm not sure what it is, but it seems like an announcement (but I don't understand the PS at the bottom!!

People (non-technical) only see your words and they judge you on your whole project which ruins your efforts you put into your project

[BountyHunter2012]

Seems you are confused. I was quoting "Yassin54" and wishing the Komodo team. I am not part of the team 

[ka82]

Seems you are confused. I was quoting "Yassin54" and wishing the Komodo team. I am not part of the team 

Lol, you're fine then!

[R-J-F]

So, what's the procedure when you open Agama and find you have no balance or transactions? Block explorer shows proper balance on my address, wallet shows zero and no transactions.

[MoneyJ]

The movement of price in KMD is base on the upcoming event today. I am just as eager to know what is in store for us hodlers . Basically, once the whole platform is running and that will be around 6 months to one and a half year from now side chains are to follow and keeping the ecosystem live and kicking.

[Erowind]

Komodo is pumping pretty bloody hard right now, do you guys think that it will still be a good buy in November? Also how high do you guys see KMD going in the next 2-3 years?

[Strike3urOut]

Komodo is pumping pretty bloody hard right now, do you guys think that it will still be a good buy in November? Also how high do you guys see KMD going in the next 2-3 years?

For Q4 a lot of it depends on tomorrow.  If its the game changer everyone else is expecting I would expect to follow Monero style growth.  As for 2-3 years...sky's the limit.

[super55]

Komodo is pumping pretty bloody hard right now, do you guys think that it will still be a good buy in November? Also how high do you guys see KMD going in the next 2-3 years?

With Komodo having an amazing devs who always push for new technology & new ideas on top of their Komodo platform..who know, it could reach $500-$1000 or more in the next 2-3 years

[hansen.ng]

Komodo is pumping pretty bloody hard right now, do you guys think that it will still be a good buy in November? Also how high do you guys see KMD going in the next 2-3 years?

With Komodo having an amazing devs who always push for new technology & new ideas on top of their Komodo platform..who know, it could reach $500-$1000 or more in the next 2-3 years

Yes, and there is few job openings for different projects already and more projects will be added on in the future. The great thing is that this team have enough funds to last for a long time. So $500-$1000 is definitely achievable.

[mtwelve]

Wallet stuck on activating best chain still. any suggestions?

[super55]

Wallet stuck on activating best chain still. any suggestions?

Wait for a new wallet update release....the devs said, it will be out soon

[Eugen999]

Wallet stuck on activating best chain still. any suggestions?

Wait for a new wallet update release....the devs said, it will be out soon

Will the coin grow in the near future?

[super55]

Wallet stuck on activating best chain still. any suggestions?

Wait for a new wallet update release....the devs said, it will be out soon

Will the coin grow in the near future?

As you can see here>>> http://mailchi.mp/d89315a794d9/huge-news-coming-new-conferences-webcast

Komodo Devs is actively attending conferences all around the world in 2017 & 2018.
And very soon a Major Announcement is come today in a few hours by our Komodo Devs, LIVE from their Stockholm conference...so YES Komodo is growing bigger day by day, and they already have many plans for the future, so keep holding your coins 

[cryptoru]

Yes, and there is few job openings for different projects already and more projects will be added on in the future. The great thing is that this team have enough funds to last for a long time. So $500-$1000 is definitely achievable.

ha ha, this is your dream. 500$-1000$ is imposible.

[Zeehenk]

Yes, and there is few job openings for different projects already and more projects will be added on in the future. The great thing is that this team have enough funds to last for a long time. So $500-$1000 is definitely achievable.

ha ha, this is your dream. 500$-1000$ is imposible.

Impossible is nothing in crypto world... If you are in long enough you've probably seen it yourself.

$500 - $1000 is on the VERY high side, for sure. This is not going to happen just overnight. Maybe when the general public gets into crypto and starts accepting KMD as means of payment you will have a chance on this price. For now I would say $50 - $100 is a more realistic prediction for the LONG term.

But first let's see what the groundbreaking news is this afternoon

[worldvaleur]

I can't open my Agama Wallet to access my KMD.

The wallet is stuck loading at 4/8 in connection status.
If I download the Swing Wallet, will I then be able to access my KMD currently in the Agama wallet?

Thanks for any help.

[CHMEX1]

siddhartha-komodo [10:12 AM]
Okay, so how do you see KMD putting food on the table for the family?


jl777 [10:12 AM]
we solve the previously unsolved problems in crypto


[10:12]
this has incredible market value


siddhartha-komodo [10:12 AM]
agreed, but how exactly does it translate?


jl777 [10:12 AM]
thus KMD goes up in value


[10:12]
people who have KMD have more value


[10:12]
eventually they can live off the 5% APR


siddhartha-komodo [10:13 AM]
Okay. So, as KMD becomes a larger and larger nexus of being a "one-stop shop" for solving crypto problems, people can come use it for whatever services it offers, and they pay KMD to use those services. As the demand for KMD goes up, so does the value of holding KMD. Is that the idea?


jl777 [10:13 AM]
or someone can spawn an assetchain


[10:14]
create your own money


[10:14]
add value to it, tap into the built in audience of the community


theflippening [10:14 AM]
@jl777 what price do you predict for KMD a year from now?


jl777 [10:14 AM]
1.00000000 KMD



siddhartha-komodo [10:14 AM]
lol


jl777 [10:14 AM]
I dont do price predictions (edited)


theflippening [10:14 AM]
fair enough


siddhartha-komodo [10:15 AM]
So, I think I'm starting to capture KMD now, thank you. I'm still curious about this asset chain.


[10:15]
By the way, I'll be happy to write this up as a blog post in reddit, to share the information with others.



theflippening [10:15 AM]
i predict top 5 coin, over $100 for sure :slightly_smiling_face:


siddhartha-komodo [10:15 AM]
Hopefully that will help a bit with the workload of getting out the message.


[10:15]
But anyway, back on asset chains.


chmex [10:16 AM]
So basically all this rumors of countries wanting to issue their owns coins (like EstoniaCoin) could run as be a KMD assetchain


siddhartha-komodo [10:16 AM]
You spawn your own asset chain, and it's advantageous to use KMD because it has all these built in features (like storage, or swapping tokens, pegged currencies, etc.).


[10:16]
How does this relate back to KMD.


jl777 [10:16 AM]
simply the dPoW


[10:16]
you need to use KMD to do the dPoW


siddhartha-komodo [10:16 AM]
Why would a person want to swap back and forth between BTC and LTC, except as a hedge against each other in value?


[10:17]
dPoW, the delayed Proof of Work


[10:17]
I did read the white paper on that, but it was above my head...


jl777 [10:17 AM]
each assetchain thus needs KMD to run the dPoW and without it their chain wont have the security levels


siddhartha-komodo [10:17 AM]
Okay, so if they keep a connection to KMD, they get a few benefits.


jl777 [10:17 AM]
the problem with new blockchains is that they are weak and can be attacked (destroyed sometimes)


[10:17]
that is not good


siddhartha-komodo [10:17 AM]
They can split off entirely if they want to, but by staying with KMD they get some added security.


jl777 [10:17 AM]
with dPoW you can make a weak chain strong


siddhartha-komodo [10:17 AM]
Help me understand this.


jl777 [10:17 AM]
for the cost of KMD txfees


siddhartha-komodo [10:17 AM]
This is good stuff.


jl777 [10:18 AM]
it adds a lot of security to the assetchain


siddhartha-komodo [10:18 AM]
Right, so owning KMD again becomes beneficial.


jl777 [10:18 AM]
and it is like clockwork for the KMD tx


[10:18]
more tx, more demand, higher price


siddhartha-komodo [10:18 AM]
But doesn't that also then slow down the KMD blockchain?


jl777 [10:18 AM]
with just a few chains, it wont matter much, but if thousands of chains, then it starts becoming a lot of demand


siddhartha-komodo [10:18 AM]
And wouldn't that make KMD a parent blockchain, even if it's not forcible in nature?


jl777 [10:18 AM]
KMD goes at one block per minute


[10:19]
KMD in that case is selling a service to the assetchain


theflippening [10:19 AM]
is there a max circulating supply for kmd


siddhartha-komodo [10:19 AM]
Right, so what happens if KMD explodes and there are 10,000 different asset chains trying to use it?


jl777 [10:19 AM]
explodes?


siddhartha-komodo [10:19 AM]
as in, gets really popular


jl777 [10:19 AM]
there will be a lot of KMD transactions


siddhartha-komodo [10:19 AM]
right.


jl777 [10:19 AM]
but it wont reach the price of 1 BTC


[10:19]
so still a lot cheaper to notarize to KMD than to BTC directly


[10:20]
it is blockchains as a customer of another blockchain


siddhartha-komodo [10:20 AM]
I don't understand this part.


jl777 [10:20 AM]
sort of a chain 2 chain economy


[10:20]
probably not a topic yet for MBAs


[10:20]
since it only was invented with KMD


siddhartha-komodo [10:20 AM]
Would this be like a situation where, say you have...let's make up an asset chain: XKMD.


[10:20]
It performs X service.


[10:21]
Well, it's not a topic yet, but it sure will be


jl777 [10:21 AM]
XKMD wants security so it enables dPoW


siddhartha-komodo [10:21 AM]
I'm absolutely fascinated, and many of my classmats are, too


theflippening [10:21 AM]
@jl777 is there a max supply of coins for KMD, if not, then staking for returns creates more coins, lowering the price per coin if the market cap doesnt increase, because more coins are added to the pool?


jl777 [10:21 AM]
not XKMD chain is making regular KMD notarizations


[10:21]
200 mil max coins


boosterafk [10:21 AM]
joined #komodo


siddhartha-komodo [10:21 AM]
hang on a sec


[10:21]
Going back a bit


jl777 [10:22 AM]
good for 13 years or so, which is about double the entire crypto history till now


ariston [10:22 AM]
:popcorn:



siddhartha-komodo [10:22 AM]
So, XKMD splits off as an asset chain from KMD. It's started by some blockchain entrepreneur


[10:22]
She thinks that she can provide some service using the KMD blockchain, but she's also going to go her own way a bit


jl777 [10:23 AM]
wait


siddhartha-komodo [10:23 AM]
She starts X service, and she finds 50 people to be nodes for this blockchain...


[10:23]
okay, waiting


jl777 [10:23 AM]
just by existing and using KMD, that is all that is needed to create a constant demand for KMD


[10:23]
nothing deep


[10:23]
all blockchains need security


theflippening [10:23 AM]
ok good to know, so what happens after all coins are mined by staking, do we start getting paid in btc or how would that work?


jl777 [10:23 AM]
but there are too many blockchains now for any new one to realistically get enough hashrate to be secure


siddhartha-komodo [10:24 AM]
listening

jl777 [10:24 AM]
@theflippening I make it a rule to solve the current problems first, there is 13 years to figure that sort of thing out


alienwalkerx
[10:24 AM]
does segwit change anything in the future?


jl777 [10:25 AM]
if it does komodo platform is right there along with it since we have CHIPS a segwit enabled realtime gaming coin


[10:25]
@siddhartha-komodo if there is a regular sale made like clockwork the demand side is there with each assetchain


siddhartha-komodo [10:26 AM]
So, does the assetchain then "check in" with KMD on each transaction?


jl777 [10:26 AM]
with a relatively fixed supply of KMD and each new assetchain creating more demand (not to mention all the other usages), there is this economic things of supply/demand


siddhartha-komodo [10:26 AM]
okay


jl777 [10:26 AM]
it notarizes to the KMD chain every so often, basically storing a bit of itself on the KMD chain


[10:26]
that prevents an attacker from rewriting the chain



Great talk on Slack at the moment #komodo