What do you all think of Komodo?

[ccs5t]

Looks alright to me aside from the sketchy no name developers?

[dsattler]

Looks alright to me aside from the sketchy no name developers?

Besides great tech, my advice is to follow the money. Already 1.5m$ invested, if the project leader put that money to good use, it can be a great success. Don't invest in shitcoins, this is the real thing!

FYI: http://bitcoinist.net/komodo-first-day-ico/

[JeffBrad12]

I just wanna say if this project will having the future like PSB coins. well just watching for later and I think it's will happened big pumping on the first day.... Looks similarly like PSB...

[iamnotback]

Looks alright to me aside from the sketchy no name developers?

@jl777 is not a no name. I am @anonymint and I personally communicate with him and was aware this project was coming. I am not anonymous. Go to my Steemit account for my photos and LinkedIn.

You can see he was having technical interactions with the Zcash team on their Github.

James is exclusively a C programmer. He is good enough C programmer, productive, and sincere about the work he does.

That doesn't necessarily mean he completes every project on time, or that he has good judgement about features or marketing. He had accomplished some major projects in the Nxt ecosystem, and some of those remained half-baked (and still being worked on) such as Bitcoin Dark (which is apparently transitioning to Komodo so he can fulfill his obligation to BTCD investors).

My understanding is there are others helping him on the marketing this time. And I would presume also others advising him on feature set.

James is not a good GUI programmer, so make sure he has someone on his team who is good at that.

I can't vouch for the quality of this project, because I have not been tracking it. But I can vouch that @jl777 is a legit programmer. He is serious and coding every day without fail (know this because I was chatting with him daily about programming during some periods in the past, not lately). I have had numerous technical discussions with him in private chat.

Apparently nobody knows his identity. And @DecentralizedEconomics is incorrect to claim he once ran for mayor of San Diego. James comes from financial background where he was a programmer. That is all I know about him.

I was aware months ago he was going with the name Komodo.


The speculators I know have gained wealth in BTC by buying ICOs and holding for the 10X gain. You've got to select the quality projects that will have follow through, have experienced marketing, and have some whales who are accumulating. @jl777 knows some of these people. Again I can't vouch for the future success of this speculation.


I am not currently vested in Komodo, except if you can consider my relationship with @jl777 as a conflict of interest or form of vestment. I have no funds to make a highly speculative long-term (i.e. > 3 months) payoff investment at this time.

Note I would prefer if @jl777 had another quality developer on his team. (Edit: I see some other anonymous devs are listed, but afaics we don't know who they are or what work they have done in the past)

[iamnotback]

Note I would prefer if @jl777 had another quality developer on his team. (Edit: I see some other anonymous devs are listed, but afaics we don't know who they are or what work they have done in the past)

Any chance of you joining the Komodo team?  You can't be held responsible for the ICO if you get 'hired' after it's over and the coins have been distributed, right?  Let the another quality developer be you, Shelby!  

Actually @jl777 offered the GUI development role to me and I didn't take it back in I guess June. I will think about it. I am juggling several things right now and trying to choose best priorities. It wasn't because I don't believe in his project, but just because I am very excited about what I am working on (combined with a health issue priority).

I would say that if anyone is a good, non-anonymous developer that can be relied on, they should consider contacting @jl777. But @jl777 has been scammed in the past by devs who didn't do what they said they were going to do, so please don't contact him if you aren't professional.

[iamnotback]

Nobody knows @smooth's identity either, yet he has a very high reputation and is obviously technically skilled. I would estimate @smooth is more technically skilled overall than James, but James is always coding methodically (for example @smooth is a polyglot of programming languages as am I).

I know James is passionate about anonymity and he really latched onto Zcash when we discussed all the various ways of doing anonymity and I think I convinced him that Zcash was the most anonymous technology because the mix set is every coin.

I think he is committed to it. What you have to ask yourself is if he has the necessary resources and can he manage it. And does he have the marketing people to pull it all together.

If the marketcap is small enough in terms of the ICO then one would think it should have very good upside if those other factors are handled well.

It looks to me that we are heading into another ATHs scenario for Bitcoin by first half of next year, so it appears to me that $100 million market cap altcoins are going to become the norm. Monero is almost there. The Chinese speculators are also coming.

If they do raise all 30,000 BTC that would be sort of high at $20+ million marketcap, given Monero is only at $80 million. Also remember marketcap is always much greater than actual money invested (or extracted) due to the wealth effect, so $20 million seems high to me, but Waves and Lisk apparently raised half that much combined.

I was thinking more of a cap at 10,000 BTC, which I think I mentioned to him. I do think 30,000 BTC raise is too high for my risk/reward preferences.

Then again maybe we are about to blow doors off with crypto and Bitcoin to new ATHs, so maybe we move into a new realm of $billion market caps for top 10 altcoins. I think that actually may happen, because we are heading into the thick of the Sovereign Debt Crisis 2017 to 2020. Yet still I wouldn't buy into a $20 million market cap with anonymous developers. At least Ethereum with its $18 million raise had Vitalik speaking publicly as driver of its marketing. Yet $18 million nearly three years ago is not the same as $18 million now.

See my blog today for more details on likely Bitcoin breakout and general macroeconomic environment:

https://steemit.com/money/@anonymint/speculation-rule-buy-when-others-are-irrationally-pessimistic-cautious

[cryptohunter]

What about all his other projects? are they all tied into this?

[Greenenergy]

What about all his other projects? are they all tied into this?

From what I've understood, Komodo is the mix of all its previous projects, and that's what makes it a good thing to my eyes.

[Febo]

Nobody knows @smooth's identity either, yet he has a very high reputation and is obviously technically skilled. I would estimate @smooth is more technically skilled overall than James, but James is always coding methodically (for example @smooth is a polyglot of programming languages as am I).

smooth is not doing any ICOs, so comparing is irrelevant.
Most if not all big ICOs have main guy or whole team identified. At the end of day, they will get a salary from ICO, so crowdfunding participants should know who they will pay.

[Hueristic]

https://komodoplatform.com/ Requires JS, big red flag for me.

So who do we have to trust in this Komodo setup? 6 anon guys in a room for genesis creation? Sounds appealing where do I send all my money?

[crairezx20]

 For me komodo will be just the same as waves before they are running a campaign but i think it will not be the same as other altcoin in top 20 coins.. this is just what i think because the adoption we are needed is more stores that can accept altcoin  or any sites that can accept altcoin..

[iamnotback]

Nobody knows @smooth's identity either, yet he has a very high reputation and is obviously technically skilled. I would estimate @smooth is more technically skilled overall than James, but James is always coding methodically (for example @smooth is a polyglot of programming languages as am I).

smooth is not doing any ICOs, so comparing is irrelevant.
Most if not all big ICOs have main guy or whole team identified. At the end of day, they will get a salary from ICO, so crowdfunding participants should know who they will pay.

Agreed.

[iamnotback]

https://komodoplatform.com/ Requires JS, big red flag for me.

As I remember, the backend blockchain and crypto is all in C. He is compiling C to JavaScript, so you get the reliability and nearly the speed of C.

The GUI might be coded in JavaScript, but that shouldn't be an issue.

So who do we have to trust in this Komodo setup? 6 anon guys in a room for genesis creation? Sounds appealing where do I send all my money?

Good point. Don't they have a thread in ANN to ask questions about the secure setup?

[iamnotback]

What about all his other projects? are they all tied into this?

From what I've understood, Komodo is the mix of all its previous projects, and that's what makes it a good thing to my eyes.

Somewhat but not exactly. I can vouch that James has learned a lot, because I used to not even be able to understand him when we would have technical discussions. And then after much arduous discussion, he began to make technical sense and our discussions were very smooth and technically interesting. But does he have the ability to pull off a major marketcap coin? Who are in his team?

Surely you need to go ask questions on their ANN thread.

[Hueristic]

https://komodoplatform.com/ Requires JS, big red flag for me.

As I remember, the backend blockchain and crypto is all in C. He is compiling C to JavaScript, so you get the reliability and nearly the speed of C.

The GUI might be coded in JavaScript, but that shouldn't be an issue.

So who do we have to trust in this Komodo setup? 6 anon guys in a room for genesis creation? Sounds appealing where do I send all my money?

Good point. Don't they have a thread in ANN to ask questions about the secure setup?

I really don't know this is a real non-starter for me in so many ways it's not even funny.

[cryptor0th]

Is there a single, central report for all of Jl777's previous projects ? Would really like to read it and then make a judgement

[jeffthebaker]

Is it Bitcoin?
Is its symbol XMR?

If you answered no to the above questions, then it's a shitcoin. You can use this template to determine the legitimacy of any other altcoin on the market, too.

[iamnotback]

Is there a single, central report for all of Jl777's previous projects ? Would really like to read it and then make a judgement

I am going to stop responding after this, because I am not the spokesman for their project.

There is a huge (financial only?) report on the SuperNet, but I don't have a link handy. Hopefully you can find it with Google or someone else can provide the link.

[dsattler]

Is it Bitcoin?
Is its symbol XMR?

If you answered no to the above questions, then it's a shitcoin. You can use this template to determine the legitimacy of any other altcoin on the market, too.

[Labumi]

Is there a single, central report for all of Jl777's previous projects ? Would really like to read it and then make a judgement

I am going to stop responding after this, because I am not the spokesman for their project.

There is a huge (financial only?) report on the SuperNet, but I don't have a link handy. Hopefully you can find it with Google or someone else can provide the link.

Yeah, sometimes if we give a lot of information that we know about something it can be considered as their spokesman. So it became one of those things that can give something a bad effect for us or as a sign that the information we provide is not useful. Indeed better response to them in order to be able to find it on google