BTCD is no more

[clovis A.]

it seems I will be featured in a beyond bitcoin podcast this weekend

what happened to the whole avoiding voice recognition thing? they gonna put a darth vadar filter on your mike? : -)

Maybe it's just me, but I found the "darth vader filter" reference to be extremely funny.  The mental picture is equally amusing, I nearly spit my coffee out .  Nice one threecats!!!

[bitkokos]

I have a few questions about shortBTCD
OK, I understand that if BTCD goes down by 10%, shortBTCD goes up by 10%
If lets say I have 10BTCD what is the equivalent of this in shortBTCD in order to receive for example the -10% loss of BTCD ?

Is shortBTCD in an exchange? Where do I sell/buy/trade it?

To buy it for the first time, do I have to send NXT ?

ShortBTCD is traded on the NXT asset exchange.  Its current target price is just over 80 Nxt (based on BTCD/BTC at an average price of 0.01086 as I type).  With Nxt at 0.000635 BTC, each ShortBTCD would therefore be worth about 0.005 BTC at the moment.  If you wanted to hedge 10 BTCD (~0.1 BTC), then, you'd need about 20 ShortBTCD.

Of course these calculations change as BTCD/BTC and NXT/BTC fluctuate (which they're both doing at the moment).

Edit: Also, please make sure you understand the calculation methodology for the intraday and daily price changes before buying.  The asset tracks the inverse daily percentage gain, which mathematically can diverge from the aggregate inverse percentage gain over time. Details at the discussion thread.

OK, things are more clear now.
Where is the NXT asset exchange?
thanks

[Cassius]

I have a few questions about shortBTCD
OK, I understand that if BTCD goes down by 10%, shortBTCD goes up by 10%
If lets say I have 10BTCD what is the equivalent of this in shortBTCD in order to receive for example the -10% loss of BTCD ?

Is shortBTCD in an exchange? Where do I sell/buy/trade it?

To buy it for the first time, do I have to send NXT ?

ShortBTCD is traded on the NXT asset exchange.  Its current target price is just over 80 Nxt (based on BTCD/BTC at an average price of 0.01086 as I type).  With Nxt at 0.000635 BTC, each ShortBTCD would therefore be worth about 0.005 BTC at the moment.  If you wanted to hedge 10 BTCD (~0.1 BTC), then, you'd need about 20 ShortBTCD.

Of course these calculations change as BTCD/BTC and NXT/BTC fluctuate (which they're both doing at the moment).

Edit: Also, please make sure you understand the calculation methodology for the intraday and daily price changes before buying.  The asset tracks the inverse daily percentage gain, which mathematically can diverge from the aggregate inverse percentage gain over time. Details at the discussion thread.

OK, things are more clear now.
Where is the NXT asset exchange?
thanks

Within the downloadable client (NXT.org) or head to secureae.com for the browser version.

[bitkokos]

I have a few questions about shortBTCD
OK, I understand that if BTCD goes down by 10%, shortBTCD goes up by 10%
If lets say I have 10BTCD what is the equivalent of this in shortBTCD in order to receive for example the -10% loss of BTCD ?

Is shortBTCD in an exchange? Where do I sell/buy/trade it?

To buy it for the first time, do I have to send NXT ?

ShortBTCD is traded on the NXT asset exchange.  Its current target price is just over 80 Nxt (based on BTCD/BTC at an average price of 0.01086 as I type).  With Nxt at 0.000635 BTC, each ShortBTCD would therefore be worth about 0.005 BTC at the moment.  If you wanted to hedge 10 BTCD (~0.1 BTC), then, you'd need about 20 ShortBTCD.

Of course these calculations change as BTCD/BTC and NXT/BTC fluctuate (which they're both doing at the moment).

Edit: Also, please make sure you understand the calculation methodology for the intraday and daily price changes before buying.  The asset tracks the inverse daily percentage gain, which mathematically can diverge from the aggregate inverse percentage gain over time. Details at the discussion thread.

OK, things are more clear now.
Where is the NXT asset exchange?
thanks

Within the downloadable client (NXT.org) or head to secureae.com for the browser version.

Thanks ! ! !

[ralexvalex]

How do we buy TOKENs with BTCD? Can't use NXT client and bter has demo for BTC only at this time. I assume pairs TOKEN/NXT and TOKEN/BTCD will be created, but 1 day left till the start. Anyone knows anything? Thanks

[McDoxy]

How do we buy TOKENs with BTCD? Can't use NXT client and bter has demo for BTC only at this time. I assume pairs TOKEN/NXT and TOKEN/BTCD will be created, but 1 day left till the start. Anyone knows anything? Thanks

https://bter.com/trade/token_btcd

[clovis A.]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

[crackfoo]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

[McDoxy]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Sure, but if BTCD or NXT skyrockets, it's going to be me way more worth, than those 5% bonus + discount

[clovis A.]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO.  I haven't done any math, was just thinking this may be the case

[clovis A.]

BTCD is approaching new ATH (.0122 atm).... this is going to be quite a weekend... and month for that matter

[crackfoo]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO.  I haven't done any math, was just thinking this may be the case

ahh right, the price of the token continues to rise as well to the end of the ICO as well right?

[clovis A.]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO.  I haven't done any math, was just thinking this may be the case

ahh right, the price of the token continues to rise as well to the end of the ICO as well right?

Yes, assuming you're buying tokens with NXT, as long as the ROI of NXT during the IPO is greater than the ROI of the tokens, it would be a better deal to purchase at the end of the IPO


EDIT: Obviously, the same would be true for purchasing with btcd.  I can't let go of my precious btcd though

[crackfoo]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO.  I haven't done any math, was just thinking this may be the case

ahh right, the price of the token continues to rise as well to the end of the ICO as well right?

Yes, assuming you're buying tokens with NXT, as long as the ROI of NXT during the IPO is greater than the ROI of the tokens, it would be a better deal to purchase at the end of the IPO


EDIT: Obviously, the same would be true for purchasing with btcd.  I can't let go of my precious btcd though

ahh ok, yeah I only have btcd unfortunately but have earmarked 25% for the the supernet.

[Cassius]

It's all happening!!!  NXT is on the rise across all exchanges.... peeps trying to save their 5%.  Glad i purchased NXT early

So, if this trend continues throughout the IPO, it may very well be more beneficial to wait until the end of the IPO to purchase SuperNET tokens, depending on the ROI of NXT during this time period.  This is going to be interesting, no doubt

why the end? isn't there a daily bonus, decreasing each day... or is that no longer?

Yes there is, but if NXT continues to become more valuable, you may be able to purchase more tokens towards the end of the IPO.  I haven't done any math, was just thinking this may be the case

ahh right, the price of the token continues to rise as well to the end of the ICO as well right?

Yes, assuming you're buying tokens with NXT, as long as the ROI of NXT during the IPO is greater than the ROI of the tokens, it would be a better deal to purchase at the end of the IPO


EDIT: Obviously, the same would be true for purchasing with btcd.  I can't let go of my precious btcd though

Cross-posting from NXTforum as I'd like some thoughts on this:

This seems to be the consensus.
But what about the people who buy NXT but don't care about SuperNET? Just regular traders - many of whom jump on a bandwagon, wait for one wiggly line on a chart to cross another, or let a bot do it for them? 14 days of consistent rises are surely going to attract their attention.
I can't work out whether they will spike NXT price, or whether the SuperNET purchases will drag them back down to the moving average. If the former, it would make sense for some whales to put up large walls on the exchanges. That will create some stability, let them cash out at a good price and improve the distribution problem we keep hearing so much about.

[thevampireskilledit]

Can we get a list of who is actively developing what for BTCD?

Is teleport sitting backstage while this superNET ICO takes place?

[cloudboy]

Can we get a list of who is actively developing what for BTCD?

Is teleport sitting backstage while this superNET ICO takes place?

Absolutely not.

https://bitcointalk.org/index.php?topic=684090.msg8680059#msg8680059

Posted last night.

[thevampireskilledit]

Can we get a list of who is actively developing what for BTCD?

Is teleport sitting backstage while this superNET ICO takes place?

Absolutely not.

https://bitcointalk.org/index.php?topic=684090.msg8680059#msg8680059

Posted last night.

Thank you, I should have re-read what I read last night in my sleepy daze. Good to know BTCDdev and JL777 are working hard for us.
How are donations going? Is there anything we can do Azeh?

[Azeh]

Can we get a list of who is actively developing what for BTCD?

Is teleport sitting backstage while this superNET ICO takes place?

Absolutely not.

https://bitcointalk.org/index.php?topic=684090.msg8680059#msg8680059

Posted last night.

Thank you, I should have re-read what I read last night in my sleepy daze. Good to know BTCDdev and JL777 are working hard for us.
How are donations going? Is there anything we can do Azeh?

Yeah, Donations are up to date on the OP. Of course we could always use more 

TorrnA and I are putting together a payment system to use the current donations coupled with the matching NxtPrivacy that James has donated. 

Other than that, I think Noashh has tasks available for people to do and Clovis is always seeking people to help with community stuff.

I think things are pretty quiet right now as everyone anticipates the IPO launch tomorrow.  However, I would suggest people not to take their eyes off of BTCD either...the first release could come sooner rather than later

[threecats]

Just over 1 btc until that 33 btc wall at 13 .....