BTCD is no more

[bitcoinuserz]

So is this thread gonna be dying now?

[Breasal]

I really like the Komodo thing and I have absolute trust in James. Like many Supernet things it takes some time to wrap one's head around it and all the long term implications. I think most concerns depend on the fact that people were expecting the long awaited Btcd pump after first Iguana release, so they could sell a % at a good profit. I admit this had been my plan as well

Now Iguana is still going to be released but no short term Btcd pump is to be expected since price is virtually capped at 0.0053. At least until Komodo release. It means waiting a bit longer for profits but with a lot of positive upsides:

1. Supernet/Komodo becomes even a bigger thing that it already is
2. Btcd holders get the cut of a much larger pie
3. More C coders hired can make more things and faster than James alone
4. More resources in general for development

If you think that Iguana is a valid project then the big picture doesn't change, it means instead of Btcd pump soon you'll get Komodo pump a few months later. And a lot more return in the longer term.

Dont forget the 3x 5% revenue share will not be diluted and will only be given to BTCD holders.

could you explain this....meaning BTCD-Komodo swap then get the revenue share?

the market cap will be bigger of course...with komodo 200 M coins compared to 1.2 million or so with BTCD! huge dilution if you ask me.

[syberwolfen]

ok let say we going there
all my btcd are in bittrex How will I get my 5%

[Johnny00]

ok let say we going there
all my btcd are in bittrex How will I get my 5%

have to be in your wallet

[bitcoinwonders010]

btcd has been pretty stable for a while maybe its due for a push

[addergebroed]

ok let say we going there
all my btcd are in bittrex How will I get my 5%

have to be in your wallet

Can somebody make a list of steps to take in the different scenario's?

When if I have BTCD on an exchange and do nothing with it at all (I can imagine some investors being afk for a longer time). What will happen?

[lerecidiviste]

 

hello

where can i donwload a wallet that works for windows & BTCD please


thanks n gdday ahead

[syberwolfen]

ok my coin are secure in my account at bittrex you will need to find a way
to send it

or we should stop the push

[syberwolfen]

also i didn't fine information saying dev want to merge
can someone show me

regards

[BigCat45]

ok my coin are secure in my account at bittrex you will need to find a way
to send it

or we should stop the push

There is no such thing as "secure" on the exchange. Get them out.

Where is Azeh BTW? I understand there is not much choice about the transfer, but short statement would be highly appreciated.

[deadlock1]

ShouldN't the price rise?  

It's 0.0053... (plus assets?) worth, when the swap comes.

Why is price falling?

[BigCat45]

ShouldN't the price rise?  

It's 0.0053... (plus assets?) worth, when the swap comes.

Why is price falling?

People dumping not wanting to wait for who knows how many months. If you patient enough and have some spare cash, there's a nice APR hidden in here.

[MoveCrypto]

ShouldN't the price rise?  

It's 0.0053... (plus assets?) worth, when the swap comes.

Why is price falling?

People dumping not wanting to wait for who knows how many months. If you patient enough and have some spare cash, there's a nice APR hidden in here.

If you factor in the BTC bonuses for komodo ico, then it makes sense for BTCD price to follow this pattern:

Oct. 15 -           25% bonus  = 0.004257 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.004434 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.004627 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.004837 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.005067 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.005321 BTC/BTCD


Price could be pushed higher on the date when BTCD snapshot will be taken to decide ownership of revshare assets.  I don't know if snapshot date(s) has been announced yet.

If you see BTCD price going below these numbers at some point, the reason for difference is BTCD holders who want to sell for BTC are paying a "liquidity fee" to buyers who will arbitrage into the komodo ico

[Mka]

ShouldN't the price rise?  

It's 0.0053... (plus assets?) worth, when the swap comes.

Why is price falling?

People dumping not wanting to wait for who knows how many months. If you patient enough and have some spare cash, there's a nice APR hidden in here.

If you factor in the BTC bonuses for komodo ico, then it makes sense for BTCD price to follow this pattern:

Oct. 15 -           25% bonus  = 0.003991 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.004257 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.004522 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.004789 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.005055 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.005321 BTC/BTCD


Price could be pushed higher on the date when BTCD snapshot will be taken to decide ownership of revshare assets.  I don't know if snapshot date(s) has been announced yet.

If you see BTCD price going below these numbers at some point, the reason for difference is BTCD holders who want to sell for BTC are paying a "liquidity fee" to buyers who will arbitrage into the komodo ico

I think they said on the last day of the ICO.
Nice table BTW. We all need to save it someplace for the future references.

[PondSea]

Looks like your numbers are off somehow.

This is what i get.

Average price in Aug = 0.00354716 = 0.00532074 btc/btcd with 1.5x multiplier.


Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD

[Johnny00]

ShouldN't the price rise?  

It's 0.0053... (plus assets?) worth, when the swap comes.

Why is price falling?

Mainly because a lot of pissed off people at James. I'm a buyer so it depends on what you believe.

[_mr_e]

I've been thinking long and hard about dpos and I've got to say, I'm am seriously beginning to think of this this as the second coming of crypto and a completely new direction of taking Bitcoin forward. Think about it, for only a couple dollars a day, komodo will be able to to communicate with the Bitcoin network, requesting that it makes transactions, transaction that the komodo network must understand and react to as part of it's consensus rules. In the future, Komodo interacting with Bitcoin using many of it's stack based transactions types, (nlocktime, multisig, checklocktimeverify & many others will soon exist) in coordination with many of it's own transaction types with allow for a sort of "turing complete" language that will be spoken between chains..... many different chains. This will be made possible by iguana.

Iguana makes the bitcoin chain such a lightweight piece of art and therefore allowing other coins to "plug in" bitcoin and use it as a sort of tiny microchip that they will plug into their wallets, we are able to create chains that would otherwise be impossible to do directly on the btc chain while relying on bitcoins security model to provide an unmodifiable history of what has happened. A sort of "decentralized exchange" IS possible and it will allow such chains to easily purchase bitcoin on behalf of it's users and pay for it's own transactions on the bitcoin blockchain.  Awesomely enough, this whole idea actually solves one of bitcoin biggest questions... What will happen when the block rewards subsidy ends?

Just think of a world where all these chains have spawned off and are using bitcoin's proof of work to secure it's chain. All of these chains will actually be paying fees to bitcoins miners. That would help to provide the incentive that LOTS of transactions will be happening on bitcoins network, because bitcoins network would be charging a small fee to all of it's child chains. By 2140 that should be quite a large sum of money that is going towards supporting the miners. By then, this will likely not be the only thing supporting the miners, this will just be the first idea of many.

It's become exceptionally clear to me that jl777 is building a serious advancements into not only his own coin and supernet, but most importantly bitcoin itself. It's becoming more and more obvious to me that this is the clear path forward for all of crypto, and that it is the only project that is truly understanding and appreciating that bitcoin is not here to to be defeated but it is here to stay and it will be the entire industries light forward for many years to come. By working with it, we will make the entire cryptosphere bigger and more united then ever before, giving it the power to move where we all know it can go! Thanks jl and everyone involved for doing this. It is a huge step forward and if we are all successful in making this happen, the entire crypto landscape is going to change for the better and we will go down in history:)

[barbierir]

I've been thinking long and hard about dpos and I've got to say, I'm am seriously beginning to think of this this as the second coming of crypto and a completely new direction of taking Bitcoin forward. Think about it, for only a couple dollars a day, komodo will be able to to communicate with the Bitcoin network, requesting that it makes transactions, transaction that the komodo network must understand and react to as part of it's consensus rules. In the future, Komodo interacting with Bitcoin using many of it's stack based transactions types, (nlocktime, multisig, checklocktimeverify & many others will soon exist) in coordination with many of it's own transaction types with allow for a sort of "turing complete" language that will be spoken between chains..... many different chains. This will be made possible by iguana.

Iguana makes the bitcoin chain such a lightweight piece of art and therefore allowing other coins to "plug in" bitcoin and use it as a sort of tiny microchip that they will plug into their wallets, we are able to create chains that would otherwise be impossible to do directly on the btc chain while relying on bitcoins security model to provide an unmodifiable history of what has happened. A sort of "decentralized exchange" IS possible and it will allow such chains to easily purchase bitcoin on behalf of it's users and pay for it's own transactions on the bitcoin blockchain.  Awesomely enough, this whole idea actually solves one of bitcoin biggest questions... What will happen when the block rewards subsidy ends?

Just think of a world where all these chains have spawned off and are using bitcoin's proof of work to secure it's chain. All of these chains will actually be paying fees to bitcoins miners. That would help to provide the incentive that LOTS of transactions will be happening on bitcoins network, because bitcoins network would be charging a small fee to all of it's child chains. By 2140 that should be quite a large sum of money that is going towards supporting the miners. By then, this will likely not be the only thing supporting the miners, this will just be the first idea of many.

It's become exceptionally clear to me that jl777 is building a serious advancements into not only his own coin and supernet, but most importantly bitcoin itself. It's becoming more and more obvious to me that this is the clear path forward for all of crypto, and that it is the only project that is truly understanding and appreciating that bitcoin is not here to to be defeated but it is here to stay and it will be the entire industries light forward for many years to come. By working with it, we will make the entire cryptosphere bigger and more united then ever before, giving it the power to move where we all know it can go! Thanks jl and everyone involved for doing this. It is a huge step forward and if we are all successful in making this happen, the entire crypto landscape is going to change for the better and we will go down in history:)

That is my thinking as well

[MoveCrypto]

Looks like your numbers are off somehow.

This is what i get.

Average price in Aug = 0.00354716 = 0.00532074 btc/btcd with 1.5x multiplier.


Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD

whoops, good call.  I edited original post to fix numbers.  It appears people are paying a decent liquidity fee by selling on poloniex

If you sell at 0.0036, then you are selling for 15% lower than what you would get if you held your btcd until after Nov. 20, when it can be swapped for komodo

It's a good arbitrage opportunity.  Load up the BTCD buy side with 100 BTC, for example, and you could turn it into 115 BTC worth of komodo at these rates

[jd1959]

Looks like your numbers are off somehow.

This is what i get.

Average price in Aug = 0.00354716 = 0.00532074 btc/btcd with 1.5x multiplier.


Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD

whoops, good call.  I edited original post to fix numbers.  It appears people are paying a decent liquidity fee by selling on poloniex

If you sell at 0.0036, then you are selling for 15% lower than what you would get if you held your btcd until after Nov. 20, when it can be swapped for komodo

It's a good arbitrage opportunity.  Load up the BTCD buy side with 100 BTC, for example, and you could turn it into 115 BTC worth of komodo at these rates

Assuming Komodo holds it's price after launch......if it's like other ICO's it will go below release price ....that's why all ICO's have an early bird special.

Cheers Jon