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Author Topic: BTCD is no more  (Read 1320757 times)
chicken65
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August 31, 2014, 10:08:27 PM
 #5221

Im not bothered about the name but I do think it was a little uninventive.

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jl777
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August 31, 2014, 10:25:49 PM
 #5222

The technology seems interesting, but the name choice is terrible. What self respecting dev would ripoff not one, but two other coins? That doesn't exactly inspire confidence.
you can blame Azeh on this Smiley
I actually liked it, BTCD makes bitcoin itself dark, actually makes sense
of course I came onboard after seeing the call for volunteers and it all sort of came together
I am sorry you dont like the name, no need to buy it. I know a lot of people are making investment decisions based on name, but I prefer some other metrics. That's just me

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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August 31, 2014, 10:28:12 PM
 #5223

so basically if i had 10grand in btcd, if i leave my comp on 24/7 ill gain a dollar a day. hardly worth the power bill? am i missing something?>
I think 10k btcd will give you around 1.4btcd and that's around $7
Of course I am not sure. I think 7300 BTCD = 1 coin per day

Sorry, I'm noob, but 10K BTCD is 100 BTC on the current prices ...

So, I need invest 100 BTC to earn $7/day? That's nonsense ...

Anyways, sempyper said: "i had 10grand in btcd", but I think we can buy only 2100 BTCD for 10K USD at the moment.

By staking 2100 BTCD, we can earn only 0,2898 BTCD/day (2100x0,000138).


It seems for me that the real winners of the staking are the early birds, who bought big sum of coins for peanuts ...

As the coin becomes more and more expensive in time, the late buyers will earn only pennies ...

Can someone convince me opposite, please?

/sorry for my poor english/
5% per year is not so bad a return. If you feel there is some chance of price increasing, then this makes the return even better. If you feel some future dividends are worth something, then this makes the return even better. If you feel SuperNET could possibly generate some future dividends, then this makes the returns even better.

You just need to analyze the details to get a feel for what BTCD really is.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
100coins 1up
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August 31, 2014, 11:35:36 PM
 #5224

I'm left a bit confused with the SuperNetwork IPO.


1) I had initially understood that BTCD would be the coin to unite other coins. That it would be the platform. But it seems it is not. Instead is it the SuperNet.
Given that the SuperNet is/will be greater than any other coin, does it make sense to buy BTCD when I can just buy SuperNet "shares" instead?
I can still see the value in BTCD, but it's importance seems to become reduced.

2) how will the SuperNet IPO dilution work?
Will the IPO mean 100% of SuperNet value? I mean if during the IPO 100 BTC are sold, then that means if I gave 1 BTC I will have 1% of the SuperNet shares?

3) what exactly will the SuperNet "shares" be?
It won't be a coin, so it must be something else.
With coins I know where I'm at. I can buy things and exchange for other coins.
But with derivatives, I have problems trusting them. THis both in crypto world and wall street world. They feel like gambling.
Where is the underlying value? Will the SuperNet "shares" give BTC dividends or something like it?

4) Am I correct in understanding that the SUperNet will act as an altcoin exchange? Cheaper than current altcoin exchanges?




Sorry for all the questions. But I'm having a hard time sinking in so much information and concepts. And I'm probably not the only one left confused.
Thanks.
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September 01, 2014, 12:08:44 AM
 #5225

Hi James
I've noticed still using lots bandwidth with wallet. It starts ok but I still pick up rogue's if I leave my wallet staking, I end up with about 11Kb/s outgoing and 5KB/s incoming.

I know you and other devs are extremely busy with all that's going on and I don't mean to be a pest.

Jon  Grin 

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September 01, 2014, 12:11:44 AM
 #5226

Hi James
I've noticed still using lots bandwidth with wallet. It starts ok but I still pick up rogue's if I leave my wallet staking, I end up with about 11Kb/s outgoing and 5KB/s incoming.

I know you and other devs are extremely busy with all that's going on and I don't mean to be a pest.

Jon  Grin 
11kb/s is not so much for downloads, maybe the BTCD network is just getting bigger?

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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September 01, 2014, 12:20:37 AM
 #5227

I'm left a bit confused with the SuperNetwork IPO.


1) I had initially understood that BTCD would be the coin to unite other coins. That it would be the platform. But it seems it is not. Instead is it the SuperNet.
Given that the SuperNet is/will be greater than any other coin, does it make sense to buy BTCD when I can just buy SuperNet "shares" instead?
I can still see the value in BTCD, but it's importance seems to become reduced.
Since the SuperNET is combining of many other coins, BTCD is a smaller percentage of the total SuperNET, but it is hoped that it is better to have a smaller percentage of a larger thing.

Quote
2) how will the SuperNet IPO dilution work?
Will the IPO mean 100% of SuperNet value? I mean if during the IPO 100 BTC are sold, then that means if I gave 1 BTC I will have 1% of the SuperNet shares?
correct in concept, there will also be NXT and BTCD and my assets and there are early bird bonuses that are adjusting the exact percentages

Quote
3) what exactly will the SuperNet "shares" be?
It won't be a coin, so it must be something else.
With coins I know where I'm at. I can buy things and exchange for other coins.
But with derivatives, I have problems trusting them. THis both in crypto world and wall street world. They feel like gambling.
Where is the underlying value? Will the SuperNet "shares" give BTC dividends or something like it?
NXT asset, which can be used to trade against NXT in the NXT AE and against other assets via InstantDEX. The SuperNET asset will be getting dividends from the revenues it gets, so BTC, NXT, possibly denominated in other coins in the SuperNET core. The total price being paid for all these future dividends during the SuperNET IPO is ZERO. There is no premium being paid for this future revenues. I explained it here: https://bitcointalk.org/index.php?topic=762346.msg8614357#msg8614357

Quote
4) Am I correct in understanding that the SUperNet will act as an altcoin exchange? Cheaper than current altcoin exchanges?
One of the services of SuperNET will be InstantDEX which will allow trading of any asset against any other asset. Since there are MGW assets for altcoins, this creates the ability for an altcoin exchange by trading against mgwBTC. However this requires that the altcoin supports MGW and many coins are in the process of getting supported. Alternatively it is possible to do direct telepod swaps or even subatomic swaps, but these are for some future time as the basic functioning is the first priority. The NXT AE is already operational for months and this is 1 minute blocktime and trading against NXT, so it is fine for many things, but for somethings not quite right


Quote
Sorry for all the questions. But I'm having a hard time sinking in so much information and concepts. And I'm probably not the only one left confused.
Thanks.
I have some people who are promising to make easy to understand documents and charts, so maybe it is best to wait for such things before the investing

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
PilotofBTC
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September 01, 2014, 12:23:40 AM
 #5228

so basically if i had 10grand in btcd, if i leave my comp on 24/7 ill gain a dollar a day. hardly worth the power bill? am i missing something?>
I think 10k btcd will give you around 1.4btcd and that's around $7
Of course I am not sure. I think 7300 BTCD = 1 coin per day

Sorry, I'm noob, but 10K BTCD is 100 BTC on the current prices ...

So, I need invest 100 BTC to earn $7/day? That's nonsense ...

Anyways, sempyper said: "i had 10grand in btcd", but I think we can buy only 2100 BTCD for 10K USD at the moment.

By staking 2100 BTCD, we can earn only 0,2898 BTCD/day (2100x0,000138).


It seems for me that the real winners of the staking are the early birds, who bought big sum of coins for peanuts ...

As the coin becomes more and more expensive in time, the late buyers will earn only pennies ...

Can someone convince me opposite, please?

/sorry for my poor english/

Everyone earns the same percentage.
jd1959
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September 01, 2014, 12:29:02 AM
 #5229

Hi James
I've noticed still using lots bandwidth with wallet. It starts ok but I still pick up rogue's if I leave my wallet staking, I end up with about 11Kb/s outgoing and 5KB/s incoming.

I know you and other devs are extremely busy with all that's going on and I don't mean to be a pest.

Jon  Grin 
11kb/s is not so much for downloads, maybe the BTCD network is just getting bigger?

Are there any figures for how many new users /wallet downloads per month.....I must agree that you guys have generated a huge amount of interest which would explain lots of people syncing new wallets
thanks for the quick response........you don't happen to live on the International Space Station by any chance ? You just seem to be everywhere at once.....maybe you're identical twins or triplets.
I'll get out of the now.

Thanks your outstanding efforts

Jon

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September 01, 2014, 12:38:46 AM
 #5230

Hi James
I've noticed still using lots bandwidth with wallet. It starts ok but I still pick up rogue's if I leave my wallet staking, I end up with about 11Kb/s outgoing and 5KB/s incoming.

I know you and other devs are extremely busy with all that's going on and I don't mean to be a pest.

Jon  Grin 
11kb/s is not so much for downloads, maybe the BTCD network is just getting bigger?

Are there any figures for how many new users /wallet downloads per month.....I must agree that you guys have generated a huge amount of interest which would explain lots of people syncing new wallets
thanks for the quick response........you don't happen to live on the International Space Station by any chance ? You just seem to be everywhere at once.....maybe you're identical twins or triplets.
I'll get out of the now.

Thanks your outstanding efforts

Jon
On my homeworld it was traditional to make 7 clones at once, unfortunately 4 did not survive during reentry, so we are only three of the original 7
this is the answer to why jl777
the "jl" part is something that would give away the position of the homeworld, so I am not allowed to divulge this

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
Timevortex
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September 01, 2014, 02:20:15 AM
 #5231

Wow,  We are at a record weight stake of 360000 !!!  Lots of people HODLing !!
jl777
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September 01, 2014, 02:24:51 AM
 #5232

Wow,  We are at a record weight stake of 360000 !!!  Lots of people HODLing !!
This is indeed a record. I estimate 90%+ are staking?! Can that be right?
So this explains why the volume is so low, nobody wants to sell and the buyers are patient

I am sorry to say I was not able to make much progress on Teleport this weekend. I am still waiting for release, but noashh was right, i needed some time off. Was getting too stressed.

I had a fun weekend Smiley

So, I am kind of in a recharge mode and will dive back in as soon as the new release is ready for me.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 01, 2014, 02:42:32 AM
 #5233

Wow,  We are at a record weight stake of 360000 !!!  Lots of people HODLing !!

Must have went up cause Cryptsy isn't processing BTCD withdraws. Perhaps staking and keeping the extra 5%'s for themselves.

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September 01, 2014, 02:45:34 AM
 #5234

Updated Windows Wallet Link!

Some people we're having problems downloading the windows wallet so the file has been uploaded to a new download link.  I've heard some are have been using dropbox to get the wallet.  Just remember to take care and always do a checksum on the file and compare it with the one on the OP.

Thanks
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September 01, 2014, 05:19:16 AM
 #5235

Updated Windows Wallet Link!

Some people we're having problems downloading the windows wallet so the file has been uploaded to a new download link.  I've heard some are have been using dropbox to get the wallet.  Just remember to take care and always do a checksum on the file and compare it with the one on the OP.

Thanks

Once the link in the OP has been reuploaded, I will remove my dropbox link if you like.
I didn't put anything else inside :-)
of course people should be extremely careful using wallets from non official posts.
I just uploaded it to help.
If you like you can check the file and then put it as a mirror just in case mega link doesn't work.

O_o
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September 01, 2014, 06:17:41 AM
 #5236

I'm sure I've missed something earlier but I thought bitcoindark would be the unique platform that allows teleporting to exist. But it feels like that unique feature called supernet will be disconnected from the core of bitcoindark and reducing bitcoindark just being a part of it. Maybe this was initial plan but I missed it totally.

Supernet ipo is lucrative offer since it is decentralized investment by design and it will make calls based on inside info (Investing before announcements) so it has good opportunities to gain in value. The problem is I don't understand why would it be better to have 20btc in btcd when you could buy supernet shares with it. I'm sure James has a lot of good ideas for bitcoindark, but are they good enough to compete with supernet in long run? Also my concern is that will those new features be disconnected from btcd and just made part of supernet or something similar in the future.

tl:dr How is bitcoindark tied to supernet other than being part of teleport network and offering features that other don't have? How it differs from other coins in the supernet? Will this design plan reduce initial dividend plans for btcd holders?

Just honest questions from long-term supporter, pls be kind Smiley
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September 01, 2014, 06:26:11 AM
Last edit: September 01, 2014, 06:46:24 AM by SpringfieldM1A
 #5237

I read something interesting: http://www.cnet.com/news/apple-teams-with-top-credit-cards-for-iphone-6-payments-reports-say/

Why is this relevant you may ask? Well BitcoinDark will have a fully anon credit card soon. This will enable you to transfer btcd to fiat anonymously. If you link this credit card with an apple account you can pay with NFC technology anywhere it is available. And you can bet on the fact that it will be rolled out on a massive scale. The nice thing is, is that you can benefit from this technology whilst remaining anonymous.

By making NFC payments possible through a link with credit card payments, Apple just (inadvertently) brought BitcoinDark into the mainstream.

I wouldn't sell your precious BTCD anytime soon.
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September 01, 2014, 06:50:54 AM
 #5238

I'm sure I've missed something earlier but I thought bitcoindark would be the unique platform that allows teleporting to exist. But it feels like that unique feature called supernet will be disconnected from the core of bitcoindark and reducing bitcoindark just being a part of it. Maybe this was initial plan but I missed it totally.

Supernet ipo is lucrative offer since it is decentralized investment by design and it will make calls based on inside info (Investing before announcements) so it has good opportunities to gain in value. The problem is I don't understand why would it be better to have 20btc in btcd when you could buy supernet shares with it. I'm sure James has a lot of good ideas for bitcoindark, but are they good enough to compete with supernet in long run? Also my concern is that will those new features be disconnected from btcd and just made part of supernet or something similar in the future.

tl:dr How is bitcoindark tied to supernet other than being part of teleport network and offering features that other don't have? How it differs from other coins in the supernet? Will this design plan reduce initial dividend plans for btcd holders?

Just honest questions from long-term supporter, pls be kind Smiley
I am not making big advertising of this to avoid the pumping. If you read my posts about the SuperNET revenue sharing, I say that the dividends will be split between the SuperNET asset holders and various other parties. Please know that BTCD is my coin and I will do what I can to make it as valuable as possible. Dont make me spell it out, think about  InstantDEX and NXTprivacy.

Now due to its nature SuperNET will be backed by big amounts of BTC, so it is more like sharkfund0, eg. mutual fund. the big value part is not from the dividends, it is solid BTC. all the revenues from all the coins that will be revolving around the SuperNET core will be creating extra value for SuperNET and this is all for free to the  SuperNET IPO investors, so it is like investing in a fund run by proven investment manager (sharkfund0 is 3x in 3 months) and getting the best crypto asset ever made for free.

Please trust me when I say that what is good for SuperNET is good for BTCD. Also this talk of BTCD competing with SuperNET is like saying will your brain be competing against your body.

Visually, SuperNET is our logo with BTCD at the core of the spiral. As commerce is happening, some loose change will fall into the spiral. I hope that is clear enough. I have already posted the revenue share details, maybe you are not seeing it.

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
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September 01, 2014, 06:51:24 AM
 #5239

I read something interesting: http://www.cnet.com/news/apple-teams-with-top-credit-cards-for-iphone-6-payments-reports-say/

Why is this relevant you may ask? Well BitcoinDark will have a fully anon credit card soon. This will enable you to transfer btcd to fiat anonymously. If you link this credit card with an apple account you can pay with NFC technology anywhere it is available. And you can bet on the fact that it will be rolled out on a massive scale. The nice thing is, is that you can benefit from this technology whilst remaining anonymous.

By making NFC payments possible through a link with credit card payments, Apple just (inadvertently) brought BitcoinDark into the mainstream.

I wouldn't sell your precious BTCD anytime soon.
Everything is coming together!

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
SpringfieldM1A
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September 01, 2014, 06:54:55 AM
 #5240

I read something interesting: http://www.cnet.com/news/apple-teams-with-top-credit-cards-for-iphone-6-payments-reports-say/

Why is this relevant you may ask? Well BitcoinDark will have a fully anon credit card soon. This will enable you to transfer btcd to fiat anonymously. If you link this credit card with an apple account you can pay with NFC technology anywhere it is available. And you can bet on the fact that it will be rolled out on a massive scale. The nice thing is, is that you can benefit from this technology whilst remaining anonymous.

By making NFC payments possible through a link with credit card payments, Apple just (inadvertently) brought BitcoinDark into the mainstream.

I wouldn't sell your precious BTCD anytime soon.
Everything is coming together!

You sir are a visionary. I bet this was part of your plan from the start Smiley
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