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Question: Do you Accept Komodo ICO conversion vs Reject Komodo ICO conversion and fund new dev team?
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Author Topic: BTCD is no more  (Read 1312715 times)
jl777
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July 23, 2014, 09:51:47 PM
 #2101

OK, I got permission to disclose some info.

<snip>

I am hoping for community support on this one as this will be first crypto with anon cash ability. By crowd funding this, anybody with BTCD can help to achieve a crypto first.

James
Ooh, I see some possible legal issues with this...
I would applaud such an option, but there is no way that "a bank card" would be accepted in an ATM in the Netherlands.

It would have to be a card on the Cirrus/Maestro (or one of the major CC companies) network to be accepted at most ATM's.

It is incredible Smiley
All these issues are solved and outsourced, so all we need is the funding
Assuming that it looks like we can fund this, I will issue asset on NXT. I will also work out details like cost per asset and I will be able to accept BTCD directly, so no need to convert to NXT to get the assets

James

I would still like to know through which company. I wouldn't like to find out that my local ATM's don't support this card  Undecided
Clearly, it wont work in 100% of ATM's worldwide, the goal of course is maximum coverage. Now my understanding is that you can use a mastercard debit card in pretty much any ATM in world, with some exceptions. I dont think it matters which company is issuing the card as long as they are part of the global payments network.

I dont know if we will get full mastercard level compatibility, but all these details we will clarify before funding starts

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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damiano
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103 days, 21 hours and 10 minutes.


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July 23, 2014, 09:56:21 PM
 #2102

I've noticed a pattern with the price which i've been monitoring for a few days.  I will post more details later when I can hopefully conclude the additional info.
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July 23, 2014, 10:08:15 PM
 #2103

I've noticed a pattern with the price which i've been monitoring for a few days.  I will post more details later when I can hopefully conclude the additional info.

make us rich haha  Cheesy
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July 23, 2014, 10:10:18 PM
 #2104

I've noticed a pattern with the price which i've been monitoring for a few days.  I will post more details later when I can hopefully conclude the additional info.

heh yea im currently working on using opengamma on crypto exchanges, need better margining and analysis tools heh.

http://www.opengamma.com/
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July 23, 2014, 10:22:32 PM
 #2105

Hi everyone,
I was asked to help with kickstarting the marketing side of this project.

I am already involved in Nxt (for 8 months) and I am starting with the CryptoNote technology, so this is why it was logical to add BTCD, since these 3 projects are going to work together.

We have a lot of common with jl777, both of us prefer working alone, day/night...

Devs told me to publish the plans, but this isn't my nature, since I am not a pre-announcer or pump-dumper. All marketing stuff will be created with the long-term goals. No lies, no hypes, just facts, presented in some nicer form.

The only little problem is - I don't have any bigger stake in BTCD, so it would be very nice of bigger holders (5k+?), if they could donate just 1-5% of their stakes (see my signature) for marketing. But rather after some work will be really done, not yet Smiley. Right now, there is still only that one article that lead a price from the 50k to 200-300k, so early miners/buyers here had some nice profits. But even 300k is still very undervalued

Hi everyone,

I'd just like to mention that Salsacz is coming on board to handle media relations.  He was responsible for that great coinsource article, which seemed to be the spark in getting us a lot more attention.

I'm really looking forward to seeing what he can do. So get ready for a lot more press coverage!
jl777
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July 23, 2014, 10:31:59 PM
 #2106

I've noticed a pattern with the price which i've been monitoring for a few days.  I will post more details later when I can hopefully conclude the additional info.
some silly bot floods the orderbook with 1 BTCD sells so people cant see what is really on the books.
since bittrex sums the first 50 orderbook entries, this artificially lowers the amount that is used in their red/green graphic
In other words, it seems someone is trying to make things look better than they are

Please stop this. BTCD does not need pumping. BTCD does not need crazy bots doing orderbook tricks

If people want to sell now, let them sell. Yes price has gone up a lot, but remember it used to have a total market cap of 100 BTC, so really it couldnt help but go up. I told everyone that $1 million market cap was pretty much certain. I was right.

Some people say a coin is worth $1 million per developer. So on that basis, we are currently undervalued. I would like to think that I count for one developer and then there are the other BTCD devs.

Anyway, the way to increase BTCD value is to create new features, like anon card and of course all the tech. Until we get some actual new functions, I think BTCD price should stay around the .002 level. Going up in value too fast is not sustainable. Also, I need a bit more than 72 hours to get stuff done!

Now similar to my prediction that BTCD will be worth $1 million (when it was worth $100,000) I predict that BTCD will become a top 10 coin on coinmarketcap. However, this wont happen until most people are believing in the promised features being delivered. BTCD is kind of in the position NXT was last November. It was actually running, but not really any features until aliases came out. But there were a lot of promised features. As each feature came out, the price went up in a big step, but actually the price can go up when a feature is believed to be just a matter of time, eg. if its on testnet and looking good. So, I am not promising anything crazy like 1000x gain that NXT got the early investors. I cant even promise another 10x as I do make mistakes in my predictions on occasion.

However, getting to $10 million marketcap is not really such a crazy prediction considering all the tech that I will deliver. That is one thing I can promise, I will deliver the tech. It will have some bugs at first, but that is why we test! I am good at coding and fixing bugs, so as long as there will be testers to test the software that I WILL deliver, then BTCD will get the promised features and achieve the ~$10 million marketcap.

This process will take MONTHS. Not weeks, not days, and certainly not hours. If you have a time horizon less than months, then BTCD is not for you, please sell now and go buy something else. for those willing to HODL for some months, here is a tentative roadmap (subject to constant change):

0. BTCD supported by MGW
1. InstantDEX so we can trade via decentralized encrypted network
2. With InstantDEX and enough orderbook depth: BTCD -> BTC bridge, this is relatively easy to do and I believe gives a lot of value as BTCD is effectively accepted by all merchants that accept BTC.
3. BTC -> visa/mastercard and if we can fund it, the anoncard
4. Privatebet (though timing of this really depends on GUI guys, they have started work already)
?. Not sure of timing, but of course "privateSend" of BTCD

All of the above is built on the privacyServers, which can be some, most or all of the BTCD nodes, though you need to run a 64bit OS to run privacyServer.

James

P.S. I do feel that BTCD is getting some attention from competitors and maybe they are doing some volatility games to scare people away. If you start feeling some fears, just read my roadmap list, maybe that will help. HODL!

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
PocketCrypto
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July 23, 2014, 10:40:20 PM
 #2107

Hello BitcoinDark Community!

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paradigmflux
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July 23, 2014, 10:43:10 PM
 #2108

We need more multipools for this coin pointed miners over but would be nice for some multipool to buy on the fly auto no manul payouts on shifts

That's BTCDPool.com

---
NXT Multipool! Mine Scrypt, SHA, Keccak or X11 for NXT! http://hashrate.org
http://hashrate.org/getting_started for port info!
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July 23, 2014, 10:46:46 PM
 #2109

Updated OP.

added Jame's great post above as a Development Roadmap
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July 23, 2014, 11:00:19 PM
 #2110

I am working on a non-tech project that relates to BTCD, but it is about a month out, so not sure if there is any point to post about it. However, it needs some funding and so I am hoping that we can crowd fund it.

This wont be like a donation (even though it is quite worthy cause!), I will issue a NXT asset and then people who own the asset would get a percentage of revenues.

I know it is impossible to decide on how much to fund without more details, but I would like to gauge the level of interest. This is a chance for BTCD holders to help by investing in an asset that will directly help BTCD and also provide dividends. It probably needs around 30,000 BTCD worth of funding, still working on exact budgets, etc.

So, if the concept is something you like and find promising, how many people will purchase asset to crowdfund this?

James

Funding is always important, i have an idea on how to fund all BTCD project hopefully everyone can talk it over and agree at some point, i think the best way to collect funds is setup BTCD development pot for everyone that would like to donate and also the multipools to add a fee on their pools that will be forwarded to the development fund when shifts are ending and they send payments

Agreed.  We need to set up community BTCD development fund.

I think a great idea would be to utilize the soon to be released multi-sig functions.  For example, bounty rewards would be sent to a single address, however it would require 3 signatures in order for the bounty reward to be released.

I think this would be an awesome way to promote our new features and at the same time help to strengthen trust and also to serve as a form of quality control over bounty projects, because not one single person would be involved in the decision to release the funds.

@James  How feasible would it be to have a BTCD development fund with multi-sig?
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July 23, 2014, 11:03:30 PM
 #2111


The asset will get 1% of the fees, so this allows for funding of all the requirements to issue the card.

1% on 3% (2 for dev and 1 for asset holders) or 1% of total fees ?

that's really interesting i think you should do it Smiley
jl777
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July 23, 2014, 11:07:01 PM
 #2112

I am working on a non-tech project that relates to BTCD, but it is about a month out, so not sure if there is any point to post about it. However, it needs some funding and so I am hoping that we can crowd fund it.

This wont be like a donation (even though it is quite worthy cause!), I will issue a NXT asset and then people who own the asset would get a percentage of revenues.

I know it is impossible to decide on how much to fund without more details, but I would like to gauge the level of interest. This is a chance for BTCD holders to help by investing in an asset that will directly help BTCD and also provide dividends. It probably needs around 30,000 BTCD worth of funding, still working on exact budgets, etc.

So, if the concept is something you like and find promising, how many people will purchase asset to crowdfund this?

James

Funding is always important, i have an idea on how to fund all BTCD project hopefully everyone can talk it over and agree at some point, i think the best way to collect funds is setup BTCD development pot for everyone that would like to donate and also the multipools to add a fee on their pools that will be forwarded to the development fund when shifts are ending and they send payments

Agreed.  We need to set up community BTCD development fund.

I think a great idea would be to utilize the soon to be released multi-sig functions.  For example, bounty rewards would be sent to a single address, however it would require 3 signatures in order for the bounty reward to be released.

I think this would be an awesome way to promote our new features and at the same time help to strengthen trust and also to serve as a form of quality control over bounty projects, because not one single person would be involved in the decision to release the funds.

@James  How feasible would it be to have a BTCD development fund with multi-sig?
Very feasible, but we do need to update the BitcoinDarkd first. I am not satisfied with the baseline multisig support so of course, we are making some improvements in that area. Hope to have it ready early next month

Keep in mind there are many pieces being developed in parallel, so my pNXTd framework is independent release schedule of the main BitcoinDarkd. Since mainnet is worth a lot of money, we need to be very careful and methodical with release procedures.

So certainly after a properly qualified release is made with enhanced multisig, then yes we can choose N trusted members to have signing authority and then it will only get paid if M of them sign. Thats why its called M of N multisig

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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July 23, 2014, 11:08:59 PM
 #2113


The asset will get 1% of the fees, so this allows for funding of all the requirements to issue the card.

1% on 3% (2 for dev and 1 for asset holders) or 1% of total fees ?

that's really interesting i think you should do it Smiley
Like any card, there are fees, also in this case there is the BTCD -> fiat conversion that is automatically happening, so the 3% is the target cost in fees. The 1% is what flows to the assetholders. So people that "donate" can be helping the community, while helping their bank balance at the same time

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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July 23, 2014, 11:15:22 PM
 #2114

noticed the auto buy sell from 1.0 BTCD on bittrex is not only BTCD!! its doing it with more coins.. kinda annoying Huh Angry

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July 23, 2014, 11:40:54 PM
 #2115

hey guys how long does it take in order for coins to mature in order to be able to stake them. i have my wallet un encrypted and have had deposits received yesterday but it says my coins have not reached maturity
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July 23, 2014, 11:45:05 PM
 #2116

hey guys how long does it take in order for coins to mature in order to be able to stake them. i have my wallet un encrypted and have had deposits received yesterday but it says my coins have not reached maturity


next to the transaction in the transaction list theres a lil "clock" shows u how long it takes. stand with your mouse there and itll say how many more it needs to mature if im not mistaken

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July 23, 2014, 11:45:08 PM
Last edit: July 24, 2014, 03:29:01 AM by crackfoo
 #2117


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July 23, 2014, 11:52:23 PM
 #2118

I had an idea, about the colors and known memes that could be used for BTCD - what do you think?
http://i.imgur.com/ntf9o6M.jpg

Nxt tips: NXT-R67P-6BZ2-XWAK-8RHZR | Nxt forum | Nxt Academy | Donate for Nxt at the Universities // BTCD: RVMLrnxYYy7uy8YZo9FcGfXbk1ZMnNifdg
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July 24, 2014, 12:01:23 AM
 #2119

I had an idea, about the colors and known memes that could be used for BTCD - what do you think?
http://i.imgur.com/ntf9o6M.jpg

I like it. Very understated and professional.
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July 24, 2014, 12:03:18 AM
 #2120

I had an idea, about the colors and known memes that could be used for BTCD - what do you think?
http://i.imgur.com/ntf9o6M.jpg

Nice concept! I think it could be polished up a little bit, but it's a +1 from me.
Do we have anyone looking to do logo design for us?
Wish I could make something fresh but I'm not a great Graphic Artist.
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