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

[boomboom]

What is the situation for BTCD holders? How is this not abandonment?

BTCD hodlers had 12 months to swap, by crypto standards that's like a century, really it is. Some other coins make an announcement and give you weeks to swap, or lose your coins, that didn't happen with BTCD.

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[MoneyJ]

Komodo is climbing again and yet I did not have a chance to stack up when the price is at around 3 dollars or something. Missed opportunity but I will certainly rack up some more. I mean look at the current price right now , it is still a bargain in my opinion.

[Jabba the Hodl]

Power is in the hands of KMD owners, guys running nodes for other people will just stand for election themselves now, only whales can afford to pay a node manager, everyone else needs to win votes by doing good deeds and campaigning. Inactive early adopter who aren't whales have no future, maybe one last year for top 30 who don't run this time.

When KMD make next ATH @ +10$ notary earnings are +15k per month, that attracts a lot of attention, running a node isn't coding, just server admin.

I agree, just saying if we go down the route of pools and such they should distribute profits after expenses and fair compensation for the server admin

There'll always be good server admins willing to manage servers for peanuts, and just because they're cheap doesn't make them monkeys. THis is a free market, node managers earnings will follow the law of compensation like for everyone.

"the amount of compensation you receive is in direct proportion to; the need for what you do, your ability to do it, and ease of replacing you"

[ealarry]

Komodo is climbing again and yet I did not have a chance to stack up when the price is at around 3 dollars or something. Missed opportunity but I will certainly rack up some more. I mean look at the current price right now , it is still a bargain in my opinion.

It's the best chance to get in when the price has an advantage, but most people can not step on that pace, and as you can see, it's still a very good time

[boomboom]

There'll always be good server admins willing to manage servers for peanuts, and just because they're cheap doesn't make them monkeys. THis is a free market, node managers earnings will follow the law of compensation like for everyone.

"the amount of compensation you receive is in direct proportion to; the need for what you do, your ability to do it, and ease of replacing you"

yeah, I see this attitude all the time now , "I'll just hire an Indian guy to code my application and run my business backend for 10 bucks an hour", it doesn't work bro, not when reliability counts, and here it clearly does. You might get elected once, but your node will be so unreliable you'll always be in the bottom half facing re-election, and nobody will vote for you again. And it's nothing against guys from India either, but unless he/she is into komodo off their own steam, you can't rely on them for 24/7 attention. Hiring cheap from low wage countries only works for one off projects with zero after sale service, and running a notary requires day-to-day attention. Notary nodes need to be run by crypto people with a stake in the success of the project.

[tiimothy]

Komodo is climbing again and yet I did not have a chance to stack up when the price is at around 3 dollars or something. Missed opportunity but I will certainly rack up some more. I mean look at the current price right now , it is still a bargain in my opinion.

It's the best chance to get in when the price has an advantage, but most people can not step on that pace, and as you can see, it's still a very good time

though it's a good chance. a lot of people can't catch him.they are afraid that the price will fall again.

[Big Naturals]

1500 KMD @ 3.90 = 5850 USD at todays prices, and this is AFTER recent crash .... and another guy does the work. Even if you paid that guy 2K USD a month, you're making ~1000 USD a week - who reading wouldn't want this deal? No risk, no stake, no (compulsory) work.

Don't underestimate the effort required to keep a notary up and running, and it's only going to increase as more assetchains come online with dICO's. We need reliable nodes, and if you pay peanuts you get monkeys. I hope the pendulum doesn't swing too far the other way, Yes, there are some guys sitting back making good money today who pay a manager to run their node, but early adopters always get those amazing deals, like mining bitcoins in 2010-11.

If we drive down compensation for running notaries too far, and break things, it's actually worse than having a few early adopter fat cats creaming off the profits.

I don't under estimate the work involved, these notaries will generate a lot of wealth over the next few years, it's mind boggling really, and that's cool, I find it all fascinating to watch unfold. I get my 5% per year too, so all good

I really can't see unworthy people lasting too long, the top 30 spots must coĺlectively control a huge amount of KMD between them, and as they don't have to get elected again this time but still have a vote, I suppose some of them could conceivably run again this time and get elected for more nodes, which is fine by me, as it's proof of stake based, and those people obviously want to see kmd succeed.

afaik notaries aren't critical for preventing security problems like dble spending, so concentration of notaries isn't so much of a worry like with bitcoin. As long as notaries are selected by stake and merit, nobody can really complain.

Any early adopter 'Leeches' will get wiped out by pools, or other early adopter whales, or new whales.

[acdc]

Any early adopter 'Leeches' will get wiped out by pools, or other early adopter whales, or new whales.

Define "leeches"

[Big Naturals]

Any early adopter 'Leeches' will get wiped out by pools, or other early adopter whales, or new whales.

Define "leeches"

Someone who got elected last year using mostly votes from other KMD holders, who pays someone to manage their notary, and who doesn't contribute much to the community.

@10USD those people are earning 150K USD a year (less fees) for doing very little, risking very little, and contributing very little.

[acdc]

Define "leeches"

Someone who got elected last year using mostly votes from other KMD holders, who pays someone to manage their notary, and who doesn't contribute much to the community.

@10USD those people are earning 150K USD a year (less fees) for doing very little, risking very little, and contributing very little.

Yep, that's a Leech lol

How many are there? Lucky bastards 

[Big Naturals]

Define "leeches"

Someone who got elected last year using mostly votes from other KMD holders, who pays someone to manage their notary, and who doesn't contribute much to the community.

@10USD those people are earning 150K USD a year (less fees) for doing very little, risking very little, and contributing very little.

Yep, that's a Leech lol

How many are there? Lucky bastards 

DYOR, not sure if it's possible to determine who voted for whom last time, if there are leeches they'll only survive if their node stays in the top 30. A smart node manager might make sure their node drops to the bottom 30 next election, so they have to campaign again.

The real power lies firstly with the KMD holders, and secondly with the skilled guys who can run nodes, so chances are those two groups work together to remove leeches.

It shouldn't be personal though, those guys were following jl777 in the early adopter phase, they supported the project and who can blame them for getting elected when we all had the chance but it obviously can't last forever.

Pro tip: If you're running a node for a non-whale who's paying you fees ... you can negotiate a better deal, he needs you more than you need him lol

[boomboom]

Any early adopter 'Leeches' will get wiped out by pools, or other early adopter whales, or new whales.

Define "leeches"

Someone who got elected last year using mostly votes from other KMD holders, who pays someone to manage their notary, and who doesn't contribute much to the community.

@10USD those people are earning 150K USD a year (less fees) for doing very little, risking very little, and contributing very little.

I've been following Komodo since day 1 and I don't see any "leeches".

Last election didn't even have 64 candidates, so some people ran nodes on behalf of other non-tech community members to make up the numbers. Not exactly leeching behavior, is it?

[Zeneize]

Now that almost all crypto assets are cheaper, it is easier for the masses to adopt and use it in their daily activities . So I got to stack up more KMD as this could be the cheapest that can get nowadays.

Komodo didn't become much cheaper though in this blood in the streets scenario - at least not in BTC terms.

[Big Naturals]

Last election didn't even have 64 candidates, so some people ran nodes on behalf of other non-tech community members to make up the numbers. Not exactly leeching behavior, is it?

Fair point!

[indianstake]

nice congrats all luckygames user for new currency

[Saytan]

Now that almost all crypto assets are cheaper, it is easier for the masses to adopt and use it in their daily activities . So I got to stack up more KMD as this could be the cheapest that can get nowadays.

Komodo didn't become much cheaper though in this blood in the streets scenario - at least not in BTC terms.

This weekend is important for btc, we will touch 10k barrier, then go back to 9.6-9.8. I hope KMD will follow and we go little higher. This is time in crypto to show up which coin will stay in battle.

GO UP KMD! WE CANT STAND THIS UNDERVALUED PRICE!

30$ in feb is must!

[Karasugoi]

What is the situation for BTCD holders? How is this not abandonment?

Sell it already.  You have had more than a year and plenty of warnings. 

[Islapdonkey]

LAST I CHECKED THIS EXCHANGE IS BEEN TOUTED AS SCAM BY SEVERAL PROFILES. APPARENTLY YOU CAN DEPOSIT COIN BUT INCAPABLE OF WITHDRAWING. SO MAKE SURE TO DO A THROUGH RESEARCH.

 THIS DONKEY IS KNOW FOR POSTING THIS ENTICING OFFERS WHENEVER HE SEE AN OPPORTUNITY TO LURE IN NAIVE INVESTORS. AGAIN DO A THOROUGH RESEARCH BEFORE SENDING YOUR COINS TO THIS EXCHANGE

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[yubit]

Also interesting, wthat will happened with unclaimed BTCD? They will unusable and dead?

[ComputerGenie]

....[stuff]....

The only thing worse than a full page post is when it's been deleted and some jackwagon requotes the entire feken post in "protest".