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Astrilian
Full Member
 Offline
Activity: 350
Merit: 112
Ecosystem for Fundraising DAOs — ICOs 2.0
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May 04, 2018, 11:48:37 AM |
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Will KMD fork the POW now that Bitmain is supposedly launching a 10k/sol @ 300w ASIC for $2k? I get that the block reward is small relative to the bulk of the new coins happening from the 5% APR but just curious on the decentralized aspect of things.
We wont be changing the PoW just because there are ASIC for them, especially since the 5% dominates mining and notary mining is the majority of the mining Yeah, I don't think it really makes a difference here. While I despise Bitmain as a company and everything they stand for, I really want to buy one just to dedicate to KMD since it is so competitively priced and efficient (on the face of things). Is Komodo among the more profitable and easier coins to mine or what is the motivation to start mining with Bitmains? Did you consider to mine coins designed for CPU mining if you dislike Bitmain? |
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MisterLG
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May 04, 2018, 11:58:52 AM |
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Are there any new features/releases planned for the short term?
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jl777B
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May 04, 2018, 12:12:37 PM |
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Are there any new features/releases planned for the short term?
We are working on setting a new world record for crypto payments per second. Setting up 1024 chains that are connected via nested merkle proofs. Theoretically adding new capacity is a linear process so you can just add more chains to get more capacity. We are in the process of proving this |
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Zeehenk
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May 04, 2018, 02:17:24 PM |
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Are there any new features/releases planned for the short term?
We are working on setting a new world record for crypto payments per second. Setting up 1024 chains that are connected via nested merkle proofs. Theoretically adding new capacity is a linear process so you can just add more chains to get more capacity. We are in the process of proving this Is this also being marketed? I feel a lot of coins go for high txs these days.... komodo just made history with he DICO, but nobody noticed... hope people will notice this next feat! |
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jl777B
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May 04, 2018, 02:17:58 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
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Danzing
Member
Offline
Activity: 112
Merit: 10
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May 04, 2018, 04:47:14 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Just trying to make certain I understand you correctly: We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)? |
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jl777B
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May 04, 2018, 04:52:42 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Just trying to make certain I understand you correctly: We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)? it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes |
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fabi90
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May 04, 2018, 05:30:08 PM |
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How long can a transaction go unconfirmed for?
I've been waiting for a transaction to be confirmed, that has been sitting for 2 days now. The fee of 0.001 seems reasonable enough.
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jl777B
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May 04, 2018, 05:33:08 PM |
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How long can a transaction go unconfirmed for?
I've been waiting for a transaction to be confirmed, that has been sitting for 2 days now. The fee of 0.001 seems reasonable enough.
after 1 hour it expires. exit komodod and start it up again and it should remove the tx from your mempool |
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Danzing
Member
Offline
Activity: 112
Merit: 10
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May 04, 2018, 06:11:03 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Just trying to make certain I understand you correctly: We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)? it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes I liked the idea of paper wallet touched only once a year, but if you say it's needed, I guess its needed. We are still @820k, meaning, if I wait will 999k and transfer my all coins to paper wallet, I will still get 5% for the next year without touching them? |
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jl777B
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May 04, 2018, 06:26:34 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Just trying to make certain I understand you correctly: We need to move all our finds once a month since block 1m, or we will not be getting 5% interest (if those funds were moved after block 1m)? it is an active user reward, so monthly usage is required for utxo created after block 1000000, yes I liked the idea of paper wallet touched only once a year, but if you say it's needed, I guess its needed. We are still @820k, meaning, if I wait will 999k and transfer my all coins to paper wallet, I will still get 5% for the next year without touching them? if you are active enough to time things exactly, then that would work, but just one time. all new utxo after 1000000 will operate with the new rules |
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Im a pickle Morty
Newbie
Offline
Activity: 33
Merit: 0
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May 04, 2018, 07:08:46 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Chicken and egg dilema here. Need more transactions but due to komodo growing pains and no hype marketing plan not enough users. Maybe you guys are too smart. And I mean that in the nicest possible way. You are approaching the marketing like a smart person going for a smart person market. When you should be approaching the marketing like a smart person going for a dumb person market. Or even better a dumb person going for a dumb person market. Ie: verge, nano, bitconnect, etc |
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FrozenChaos
Member
Offline
Activity: 88
Merit: 50
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May 04, 2018, 07:13:29 PM |
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As users know, the more transactions there are on a blockchain the more difficult it is to conduct timing analysis. Over the past year, we have measured the need for even more active movement in order to better support the KMD privacy mechanism. To implement this, the annual time limit on the growing of 5% will be changed to monthly cap of 5%/12. What this means is that you will need to actively use all your funds every month to maximize your rewards for contributing to the activity of the KMD ecosystem. The good news is that compounding will get you rewards of 5.1% over a year. For users that do it just 4 times, it will end up a bit less than 2%. Your contribution to the privacy ecosystem will be more closely linked to your reward.
As this is a consensus rules change, it will need to activate at a future height and all existing utxos will still operate under the old rules, so this will only affect new utxo created after the activation height of 1 million.
Chicken and egg dilema here. Need more transactions but due to komodo growing pains and no hype marketing plan not enough users. Maybe you guys are too smart. And I mean that in the nicest possible way. You are approaching the marketing like a smart person going for a smart person market. When you should be approaching the marketing like a smart person going for a dumb person market. Or even better a dumb person going for a dumb person market. Ie: verge, nano, bitconnect, etc Streamline the GUI for barterdex, get half a dozen or so ICOs under wraps, and work the POC of multichain txs and I think marketing can be a larger driver. BD is still clunky, first ICO is under way, and the last part still being worked on. |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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May 04, 2018, 10:05:30 PM |
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Will KMD fork the POW now that Bitmain is supposedly launching a 10k/sol @ 300w ASIC for $2k? I get that the block reward is small relative to the bulk of the new coins happening from the 5% APR but just curious on the decentralized aspect of things.
We wont be changing the PoW just because there are ASIC for them, especially since the 5% dominates mining and notary mining is the majority of the mining Yeah, I don't think it really makes a difference here. While I despise Bitmain as a company and everything they stand for, I really want to buy one just to dedicate to KMD since it is so competitively priced and efficient (on the face of things). Is Komodo among the more profitable and easier coins to mine or what is the motivation to start mining with Bitmains? Did you consider to mine coins designed for CPU mining if you dislike Bitmain? I support the coins I own by contributing hashing power to the network, hence it won't be competitive to continue to mine GPU when an ASIC is out. |
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aniden
Member
Offline
Activity: 231
Merit: 10
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May 04, 2018, 10:37:58 PM |
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All the addresses of all the money in Agama were obtained from the seed. but if the address is known, is it possible to imply other addresses? is not it? for if I share my BTC address with Agama, is this possible to imply Komodo address
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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May 04, 2018, 11:12:26 PM |
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All the addresses of all the money in Agama were obtained from the seed. but if the address is known, is it possible to imply other addresses? is not it? for if I share my BTC address with Agama, is this possible to imply Komodo address
Yes |
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lowkey9898
Member
Offline
Activity: 90
Merit: 10
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May 05, 2018, 02:07:44 AM |
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It's working for me, just checked it a few seconds ago. |
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tomsmith26
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May 05, 2018, 02:44:58 AM |
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it's very good to get a download for me and I have just download Agama wallet to send more 300KMD to Blocnation (BNTN) project for testing . it's running very well and I hope dICO will be successfully completed soon. Let's see the BNTN ICO do now. |
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