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Author Topic: BTCD is no more  (Read 1320757 times)
threecats
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September 02, 2014, 07:37:23 AM
 #5361

I do not care for the tone of Bentach's remarks. At the same time it appears as though the launch of the IPO will in fact come before demonstration of teleport. This is a legitimate concern. It would be advantageous to both projects if this overlap is clarified with an updated road map.

This also impacts the decision on escrow with respect to the IPO. It seems to me escrow is a very rational and prudent step to take.

Jmho.

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September 02, 2014, 08:00:39 AM
 #5362

I do not care for the tone of Bentach's remarks. At the same time it appears as though the launch of the IPO will in fact come before demonstration of teleport. This is a legitimate concern. It would be advantageous to both projects if this overlap is clarified with an updated road map.

This also impacts the decision on escrow with respect to the IPO. It seems to me escrow is a very rational and prudent step to take.

Jmho.


I have been a bit busy with the IPO and I also had to move to a new place today and also get all the MGW servers back in sync and I am still waiting on a release, so it is a bit out of my control the timing of Teleport

Now 99% of IPO funds will always stay in escrow and I wont have any access to it
I am working on a volunteer basis without any pay
All staking income goes back to BTCD and NXT communities
EVERY expense from the 1% will be documented on a public ledger

The important thing to keep in mind when the trolls start saying silly things like I will have all these millions from the IPO. It is that I already have millons from my gains before this IPO and that I will be getting access to 1% of the total raised. Further I am working for free and will be running the operations side of the SuperNET at 90% profit margin. On the other thread on troll said how dare I be taking 10% of revenues. So I asked him if he would volunteer to work for free and run  it at 91% profit margin, or even 92%. He didnt respond

Anybody who does any financial analysis of this deal will realize that the funds portion is simillar to sharkfund0, where you are buying at book value. The asset is backed by the crypto deposited. sharkfund was about 1500 BTC and starting price was 10000 NXT per asset. In a bit over three months I tripled it to 30000+ NXT per asset. This is probably more profits than all other assets combined. So, I do have a track record in managing a medium sized fund.

Now, if that is all SuperNET was it is probably a good deal, but for no extra cost I am also including a future revenue stream. how much will it be? I am not sure and I want investors to make money so I figure if I price it at 0.00000000 it cant help but be worth more than that.

Now the IPO is starting soon, but it will last 2 to 4 weeks and as long as I get released to me the version I need to start my debugging soon, Teleport will be working before the IPO ends.
The code is published, I have it working locally, if anybody wants to compile it for Windows I can get a demo setup for you

so, the trolls will try their FUD using made up lies, because they really cant use the truth.
I guess they can say that Teleport isnt done yet how can we be raising money for SuperNET. How much did ETH raise for something not ready yet?

James

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
valarmg
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September 02, 2014, 09:20:19 AM
 #5363


the escrow details are not decided yet
clearly the need for it depends on how much is raised
at smaller amounts, i am not so concerned
at the bigger amounts then we will need some careful segmenting
however until it starts, not really any way to estimate, so we are preparing, but cant know the specific escrow setup
btc into cold storage is definitely the key
i am thinking of multi-country divisions at the higher volumes, but lets wait for the first days before any decisions

Multisig escrow would be much better than multipart escrow.
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September 02, 2014, 09:23:58 AM
 #5364

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
jl777
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September 02, 2014, 09:24:36 AM
 #5365


the escrow details are not decided yet
clearly the need for it depends on how much is raised
at smaller amounts, i am not so concerned
at the bigger amounts then we will need some careful segmenting
however until it starts, not really any way to estimate, so we are preparing, but cant know the specific escrow setup
btc into cold storage is definitely the key
i am thinking of multi-country divisions at the higher volumes, but lets wait for the first days before any decisions

Multisig escrow would be much better than multipart escrow.
maybe multipart multisig

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
PondSea
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September 02, 2014, 09:30:01 AM
 #5366

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.





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bitkokos
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September 02, 2014, 09:35:37 AM
 #5367

UPDATE UPDATE! ! !

Cryptsy withdrawals work.
Just withdrawn 1 btcd to test and it arrived within 4 minutes

O_o
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September 02, 2014, 09:37:01 AM
 #5368

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.
there are many plans
just the first one I see is having one withdraw per month free
then 2%
it is a lot of complex options and this is just the standard plan
we are negotiating as good of a deal as possible
this is with different bank, other one was too slow!

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
bitkokos
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September 02, 2014, 09:44:50 AM
 #5369

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.
there are many plans
just the first one I see is having one withdraw per month free
then 2%
it is a lot of complex options and this is just the standard plan
we are negotiating as good of a deal as possible
this is with different bank, other one was too slow!

Sometimes when you go for shopping, shops ask for ID to confirm the card is yours. What will happen if there is no name on the card?
Should I say I am "nobody"? Cheesy

O_o
McDoxy
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September 02, 2014, 09:46:14 AM
 #5370

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


hard to guess how many cards should be ordered ...

maybe we should start a list for people who already know they would order one? That way you could estimate how many are needed.
jl777
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September 02, 2014, 09:47:51 AM
 #5371

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.
there are many plans
just the first one I see is having one withdraw per month free
then 2%
it is a lot of complex options and this is just the standard plan
we are negotiating as good of a deal as possible
this is with different bank, other one was too slow!

Sometimes when you go for shopping, shops ask for ID to confirm the card is yours. What will happen if there is no name on the card?
Should I say I am "nobody"? Cheesy
online purchases
not sure about in person usages

http://www.digitalcatallaxy.com/report2015.html
100+ page annual report for SuperNET
bitkokos
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September 02, 2014, 09:55:07 AM
 #5372

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.
there are many plans
just the first one I see is having one withdraw per month free
then 2%
it is a lot of complex options and this is just the standard plan
we are negotiating as good of a deal as possible
this is with different bank, other one was too slow!

Sometimes when you go for shopping, shops ask for ID to confirm the card is yours. What will happen if there is no name on the card?
Should I say I am "nobody"? Cheesy
online purchases
not sure about in person usages
during online purchases they need the name on the card. what will that be?
also if I pay with that card and then give my name/address to receive the goods, I will have to give my real details. it won't be much anonymous any more

O_o
Reishicoin
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September 02, 2014, 10:07:28 AM
 #5373

Debit cards are for fiat withdraw
threecats
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September 02, 2014, 10:12:03 AM
 #5374

Why not just run a preorder now for the first batch of cards, with a 3 or four day deadline.
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September 02, 2014, 10:28:00 AM
 #5375

if we could go to any ATM in the world with the anon card, deposit fiat and get BTCD instantly, it would be awesome! !  ! Cool

O_o
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September 02, 2014, 10:58:38 AM
 #5376

I do not care for the tone of Bentach's remarks. At the same time it appears as though the launch of the IPO will in fact come before demonstration of teleport. This is a legitimate concern. It would be advantageous to both projects if this overlap is clarified with an updated road map.

This also impacts the decision on escrow with respect to the IPO. It seems to me escrow is a very rational and prudent step to take.

Jmho.


I have been a bit busy with the IPO and I also had to move to a new place today and also get all the MGW servers back in sync and I am still waiting on a release, so it is a bit out of my control the timing of Teleport

Now 99% of IPO funds will always stay in escrow and I wont have any access to it
I am working on a volunteer basis without any pay
All staking income goes back to BTCD and NXT communities
EVERY expense from the 1% will be documented on a public ledger

The important thing to keep in mind when the trolls start saying silly things like I will have all these millions from the IPO. It is that I already have millons from my gains before this IPO and that I will be getting access to 1% of the total raised. Further I am working for free and will be running the operations side of the SuperNET at 90% profit margin. On the other thread on troll said how dare I be taking 10% of revenues. So I asked him if he would volunteer to work for free and run  it at 91% profit margin, or even 92%. He didnt respond

Anybody who does any financial analysis of this deal will realize that the funds portion is simillar to sharkfund0, where you are buying at book value. The asset is backed by the crypto deposited. sharkfund was about 1500 BTC and starting price was 10000 NXT per asset. In a bit over three months I tripled it to 30000+ NXT per asset. This is probably more profits than all other assets combined. So, I do have a track record in managing a medium sized fund.

Now, if that is all SuperNET was it is probably a good deal, but for no extra cost I am also including a future revenue stream. how much will it be? I am not sure and I want investors to make money so I figure if I price it at 0.00000000 it cant help but be worth more than that.

Now the IPO is starting soon, but it will last 2 to 4 weeks and as long as I get released to me the version I need to start my debugging soon, Teleport will be working before the IPO ends.
The code is published, I have it working locally, if anybody wants to compile it for Windows I can get a demo setup for you

so, the trolls will try their FUD using made up lies, because they really cant use the truth.
I guess they can say that Teleport isnt done yet how can we be raising money for SuperNET. How much did ETH raise for something not ready yet?

James

I don't fallow alts to know for sure if it is implemented already, but while new wallet is being worked on, maybe they can add fallowing feature.

Only wallet with x% of total coins can issue escrow purchase request. Only wallets with y% can vote on that. Adding countdown to this will speed-up decision time.
I guess this would be the most democratic and fast way to take the load off any particular person.
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September 02, 2014, 11:03:48 AM
 #5377

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


If I knew total number of accounts open, dividing that onto a certain factor would be the best. My guess is most people use 4-5 addresses, others use multiwallets for staking, but also consider individuals ordering more then 1 card. So the conservative estimation would be close to 10. Rounding that up should give good estimation for a first batch.
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September 02, 2014, 11:29:05 AM
 #5378

Put me down for an Anon Card.
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September 02, 2014, 11:44:37 AM
 #5379

Bittrex added NXT in their exchange and started trading from today morning. Don't need to look anywhere else to buy some NXT.
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September 02, 2014, 11:47:07 AM
 #5380

how many anon cards should we preorder?
we found a real mastercard with $500+ per day, $15K/mo
cost of about $40 per card (not sure on exact!) mailed anywhere in the world

so this is not a binding commit, just to get some sort of idea
you can get more than on card
some of the fees I am not liking, but we are still negotiating


Hi James what are the costs per withdrawal? That would made a difference at 500 a day.
there are many plans
just the first one I see is having one withdraw per month free
then 2%
it is a lot of complex options and this is just the standard plan
we are negotiating as good of a deal as possible
this is with different bank, other one was too slow!


I suggest getting all details finished and doing a preorder? I would be interested Smiley
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