BTCD is no more

[jl777]

Thinking about it further, any coin in the supernetwork will be able to use the BTCD anon card functionality right? So being part of the supernetwork will be the ticket into the mainstream for any coin in the network. Being part of the network is therefore highly desirable, increasing the allure of BTCD. Coindevs will be begging to join.

We've still got some serious moon thrusters up our sleeves: The delivery of Teleport and the anon card. BTCD is nowhere near it's full market appreciation.

I have lost count how many coin devs have already approached me. My estimate of 100000 users could easily end up being a severe underestimate. I just have no idea how big it will be and the more money is raised, the more power it gets, so it is like some crazy feedback loop.

The more money is raised the more each share is worth. this is a unique financial instrument. All other uncapped IPO's dilute the value of each share the more is raised, but since 99% of what is raised will be in "hard" assets like BTC and advantaged investments, it reminds me of a tightly coiled spring. As soon as it starts trading, it cant help but go up, since clearly there will be some revenues generated by SuperNET. With all the various services all being made available to the SuperNET, it is potentially some very large revenues. How much in trade commissions per person average? How much in anon card fees? How much in Privatebet gambling fees? What about the Tradebot store?

So, there is all these services just from my assets, what about all the other coins? Then there is the ad revenues, sort of a google adwords built into SuperNET. This way even coins not worthy for the CORE can pay for the customer traffic based on what it is worth.

I am literally giving away thousands of BTC of marketcap as the SuperNET IPO is selling at 110% of book value (I am averaging the bonus amount). If I was some fancy banker to squeeze every last dollar out of the investors, I could probably make some nice fancy charts and spreadsheets and get 3x or 4x book value. But I want as many people as possible to make lots of money so they can be free of the fiat world. I already gave away nearly $1 million USD worth of assets and investors gained over 70 million NXT and I think in BTCD land we are looking at around $5 million USD of profits that I had a part in.

So when SuperNET IPO is making millions of USD more, then there will be that many more people who can afford to help with crypto. This is my long term plan, to do the brain drain from fiat into crypto. The smart people will figure out SuperNET IPO is good, they make money, then they are watching it go up and now they are wanting to help it grow more.

I had a very nice weekend off

James

Even though I disagree with you I'll invest something in this because I'm sure it'll pump hi towards the sky, do you have any idea when the IPO will begin?

Thank you!
Money trumps ideology
Certainly within 10 days, possibly next week, but it is up to Poloniex, they want to make it all fancy

I tried to make as risk free of a crypto investment as possible that was uncapped but doesnt dilute the value of the investment and creates an instant network effect. Before this weekend I would have said was unlikely such a thing can exist. It is the financial equivalent of Teleport.

James

[One Apple]

James i have to say you are a crazy and brilliant guy,thank you to lead us!

[bitkokos]

On friday I returned home happy because I have sent a bank transfer to buy BTC and convert to BTCD.
Today I received a phone call from my bank saying that I have not provided a physical address, but only my PO Box.
They asked me to go to the bank with one utility bill and my physical address.
I refused to give them my details and asked them to cancel the transfer.

Do I have any other options to purchase btcd ?

I have no idea, Banks are clamping down more and more.

They have just called me from the transfers department saying that it's ok not to give them a utility bill for verification and just tell him my street address.
I said no, I am not giving you my address and from tomorrow I won't be your customer and hanged up the phone.
I hope they call me again later and tell me they would accept the PO Box

[sadface]

is there a summary somewhere outlining all the details of the ipo? if not available yet, can someone explain to me what i would get in return for investing?

[jl777]

is there a summary somewhere outlining all the details of the ipo? if not available yet, can someone explain to me what i would get in return for investing?

you will get an asset backed by the crypto that was used to fund the IPO. So with the bonuses I am estimating around 110% of book value is what you will pay, maybe a bit more if everybody is buying on the first days.

Then what you get for this premium is the shared revenues from the user fees generated from within the SuperNET. Teleport fees, InstantDEX fees, anon card fees, Tradebots profit sharing, Privatebet cut, plus there will be paid ads for coins so it will be like google adwords to directly reach 100,000+ crypto users.

I probably should have set the price at twice book value, but 1% is all that will be needed to pay for the all volunteer SuperNET. So there is no big overhead to drain away reasources. I will run the operating side at 90% profit margin as 10% will be plenty at the scale of SuperNET

I hope to UNITE all of crypto and make BTC worth as much as Yum Brands

James

[jl777]

If you are waiting on BTCD withdraw from MGW, it is currently stuck, safe, but stuck. I took the weekend off from work, sorry for the delay

James

[paulthetafy]

If you are waiting on BTCD withdraw from MGW, it is currently stuck, safe, but stuck. I took the weekend off from work, sorry for the delay

James

Time off???  How dare you, how very dare you!!!

[hologram]

is there a summary somewhere outlining all the details of the ipo? if not available yet, can someone explain to me what i would get in return for investing?

you will get an asset backed by the crypto that was used to fund the IPO. So with the bonuses I am estimating around 110% of book value is what you will pay, maybe a bit more if everybody is buying on the first days.

Then what you get for this premium is the shared revenues from the user fees generated from within the SuperNET. Teleport fees, InstantDEX fees, anon card fees, Tradebots profit sharing, Privatebet cut, plus there will be paid ads for coins so it will be like google adwords to directly reach 100,000+ crypto users.

I probably should have set the price at twice book value, but 1% is all that will be needed to pay for the all volunteer SuperNET. So there is no big overhead to drain away reasources. I will run the operating side at 90% profit margin as 10% will be plenty at the scale of SuperNET

I hope to UNITE all of crypto and make BTC worth as much as Yum Brands

James

You lose your time by answering every time the same question... you should answer "RTFT" (read this fucking thread)

[waterpile]

no other faucets? 

[Cassius]

Donated 25. Worth twice as much as when I left 2 weeks ago  (Shame NXT and BTC are taking a kicking...)
Just catching up on developments. Fantastic stuff and looking forward to learning more.

[BestofSR]

Do you think that person will get more ROI from staking BTCD or owning Supernetwork share. As I undestand it both will gain money from using supernetwork.

I just want to know if I should invest in BTCD or save those money for SNW IPO.
What should gain more based on supernetwork structure?

[cryptillian]

http://finance.yahoo.com/q?s=YUM OMG panic buy 

[JimmyJones]

Sorry to get off track from the Supernetwork discussion but I was wondering if there was any news on how the BTCD wallet release is comeing.

Thanks Much, JJ

[sadface]

is there a summary somewhere outlining all the details of the ipo? if not available yet, can someone explain to me what i would get in return for investing?

you will get an asset backed by the crypto that was used to fund the IPO. So with the bonuses I am estimating around 110% of book value is what you will pay, maybe a bit more if everybody is buying on the first days.

Then what you get for this premium is the shared revenues from the user fees generated from within the SuperNET. Teleport fees, InstantDEX fees, anon card fees, Tradebots profit sharing, Privatebet cut, plus there will be paid ads for coins so it will be like google adwords to directly reach 100,000+ crypto users.

I probably should have set the price at twice book value, but 1% is all that will be needed to pay for the all volunteer SuperNET. So there is no big overhead to drain away reasources. I will run the operating side at 90% profit margin as 10% will be plenty at the scale of SuperNET

I hope to UNITE all of crypto and make BTC worth as much as Yum Brands

James

You lose your time by answering every time the same question... you should answer "RTFT" (read this fucking thread)

nobody should be reading 200+ pages. instead of letting james answer those question you could pitch in and point me to a summary, which btw should be in the OP.
i appreciate james answering in person, which i did not expect or ask for. you could learn a lesson on how to treat people from his example.

[Darkoth89]

If you are waiting on BTCD withdraw from MGW, it is currently stuck, safe, but stuck. I took the weekend off from work, sorry for the delay

James

James, wheres the supernet IPO thread? Can't seem to find in OP or in this thead lol

[thevampireskilledit]

If you are waiting on BTCD withdraw from MGW, it is currently stuck, safe, but stuck. I took the weekend off from work, sorry for the delay

James

James, wheres the supernet IPO thread? Can't seem to find in OP or in this thead lol

https://bitcointalk.org/index.php?topic=762346.0

[hologram]

here:

https://bitcointalk.org/index.php?topic=762346.300;topicseen

[JimmyJones]

James stated in this thread that the new BTCD wallet with updates would be released before the Supernetwork IPO started does this still hold true?

[Breasal]

If you are waiting on BTCD withdraw from MGW, it is currently stuck, safe, but stuck. I took the weekend off from work, sorry for the delay

James

Is mgwBTC deposit stuck also?

Over 35 confirms but not showing in the wallet:

https://blockchain.info/address/373vD4Yg2nM1TCR4b19YbDh6DWQ6HaMkGW

This is the second time depositing (first time worked fine yesterday).

Edit: Guess it's down...just found the answer....

https://nxtforum.org/general-discussion/price-speculation/msg94516/#msg94516

[visual111]

this thread is almost on page 2 in overall views!