jl777
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Merit: 1134
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September 06, 2014, 08:15:10 AM |
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Cross post regarding escrow of IPO funds:
I am working with HumanFractal and DomP on a distributed solution. The basic idea would be as follows:
using 2 of 3 (in reality probably bigger numbers will be used) I would have the emergency backup key, I dont want to be needed for every tx! freeworm would have one of the keys needed there will be a pool of N trusted people from the NXT, BTC and BTCD communities who have the third key
Each block of X BTC would be put into a multisig acct so X would be approx net BTC / N, where net BTC is after the 1% for costs, 10% for supertraders and some amount that is not an issue for bter to hold and I like the looks of Xapo and even Coinbase for some 10% level amounts. All tx will be publicly documented.
I posted the disbursement procedure a few pages back (I hope noashh will make a convenient page with all such things in one place) so when there is a disbursement needed, the approval is posted and the first of the N trustees who is available would do the payment tx.
If I appear to be taken over by aliens or appearing to be a monkey, then the community can raise an objection before disbursement is completed. However if it is a disbursement within the prescribed authority, the trustees are honor bound to release payment.
Now I know people from NXT and BTCD communities, but not so many from the BTC world itself, so I really need some help in getting this list of trusted members. I cant be the one to coordinate this list as there needs to be arms length between me and the trustees, so somebody else has to step up to coordinate this effort. The list will be vetted by the community and if there are any credible objections, then that would probably be enough for rejection.
Anyway, this is something I just started today so I apologize for its rough state, but the key is the selection of the trustees. I think people would feel much better if the trustees are significant stakeholders in SuperNET, but this is no requirement. We might need quite a few so, the sooner we can start this selection process the better.
First we need a responsible hard working person to coordinate this that is not currently already saturated.
James
P.S. if you are not comfortable with bter holding the funds for 2 to 4 weeks, just buy in the last hour it will be well know what the expiration hour is and we can make much larger volumes available the last hours if this is an issue
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If the community is OK with me hodling the BTCD funds, this would simply things, but if not we can also treat the BTCD the same way
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benthach
Legendary
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Activity: 1764
Merit: 1000
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September 06, 2014, 08:18:49 AM |
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Cross post regarding escrow of IPO funds:
I am working with HumanFractal and DomP on a distributed solution. The basic idea would be as follows:
using 2 of 3 (in reality probably bigger numbers will be used) I would have the emergency backup key, I dont want to be needed for every tx! freeworm would have one of the keys needed there will be a pool of N trusted people from the NXT, BTC and BTCD communities who have the third key
Each block of X BTC would be put into a multisig acct so X would be approx net BTC / N, where net BTC is after the 1% for costs, 10% for supertraders and some amount that is not an issue for bter to hold and I like the looks of Xapo and even Coinbase for some 10% level amounts. All tx will be publicly documented.
I posted the disbursement procedure a few pages back (I hope noashh will make a convenient page with all such things in one place) so when there is a disbursement needed, the approval is posted and the first of the N trustees who is available would do the payment tx.
If I appear to be taken over by aliens or appearing to be a monkey, then the community can raise an objection before disbursement is completed. However if it is a disbursement within the prescribed authority, the trustees are honor bound to release payment.
Now I know people from NXT and BTCD communities, but not so many from the BTC world itself, so I really need some help in getting this list of trusted members. I cant be the one to coordinate this list as there needs to be arms length between me and the trustees, so somebody else has to step up to coordinate this effort. The list will be vetted by the community and if there are any credible objections, then that would probably be enough for rejection.
Anyway, this is something I just started today so I apologize for its rough state, but the key is the selection of the trustees. I think people would feel much better if the trustees are significant stakeholders in SuperNET, but this is no requirement. We might need quite a few so, the sooner we can start this selection process the better.
First we need a responsible hard working person to coordinate this that is not currently already saturated.
James
P.S. if you are not comfortable with bter holding the funds for 2 to 4 weeks, just buy in the last hour it will be well know what the expiration hour is and we can make much larger volumes available the last hours if this is an issue
###
If the community is OK with me hodling the BTCD funds, this would simply things, but if not we can also treat the BTCD the same way
BTCD has less than 1,200,000 coins. We're at over 20 million here, so yeah...we won't be seeing those prices anytime soon.
BTCD's price at the moment is a pump. IMO, I think it's like Cloak...just smoke and mirrors. At the end of the day, all of those ideas sound really good...but they won't come to be.
XST has a good chance of being used in markets, which will give it more than just speculative value. I've yet to see a more professional...down to earth...goal driven team...then what I see here.
I'm not hating on BTCD, and wish it well, but we'll talk about how awesome it is after everything is implemented.
where is the coding? and the scam continue on...
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reddit btcwriter1 - twitter kingpininvestor
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true2self
Newbie
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Activity: 43
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September 06, 2014, 08:23:23 AM |
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So staking BTCD will give 5% of BTCD + 5% of SuperNET revenues. Right?
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jl777
Legendary
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Activity: 1176
Merit: 1134
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September 06, 2014, 09:00:48 AM |
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So staking BTCD will give 5% of BTCD + 5% of SuperNET revenues. Right?
yes I am glad you have done your homeworks
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PhilipMorris
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September 06, 2014, 09:21:08 AM |
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I'm very curious what will happen to BTCD today. What do you guys think? Will it remain around 0.014 or will we see up or down movement? Im not sure if I have to buy more or wait!
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jl777
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Activity: 1176
Merit: 1134
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September 06, 2014, 09:35:23 AM |
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I'm very curious what will happen to BTCD today. What do you guys think? Will it remain around 0.014 or will we see up or down movement? Im not sure if I have to buy more or wait!
anything can happen, but I wrote a lot of text so few will really understand the value of BTCD for a while the ICO should provide a price floor, only small chances of a big drop cant say what could happen on the upside
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benthach
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Activity: 1764
Merit: 1000
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September 06, 2014, 09:42:16 AM |
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I'm very curious what will happen to BTCD today. What do you guys think? Will it remain around 0.014 or will we see up or down movement? Im not sure if I have to buy more or wait!
you will receiving personal message from jl777 to buy bitcoindark scam in a minute or two he is here 24/7 for you all, the more BTC's you put into his piggy bank the more happy messages you will receiving edit; oh wait, he's already answered. i've quoted the message but go for pee. like i said, he's here 24/7 to answer all the questions. all of his answers would be to put all your BTC's into his piggy bank.
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reddit btcwriter1 - twitter kingpininvestor
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bitkokos
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September 06, 2014, 10:32:40 AM |
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Sorry, but I think people here are hodlers. This is BTCD ! Not doge or USDe. Although you are welcome, don't expect me to give a single BTCD for your goodies.
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O_o
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bitkokos
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September 06, 2014, 10:35:40 AM |
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I'm very curious what will happen to BTCD today. What do you guys think? Will it remain around 0.014 or will we see up or down movement? Im not sure if I have to buy more or wait!
you will receiving personal message from jl777 to buy bitcoindark scam in a minute or two he is here 24/7 for you all, the more BTC's you put into his piggy bank the more happy messages you will receiving edit; oh wait, he's already answered. i've quoted the message but go for pee. like i said, he's here 24/7 to answer all the questions. all of his answers would be to put all your BTC's into his piggy bank. Do you believe anyone here believes you? We are not made of cheese.
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O_o
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SHossain
Member
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Activity: 112
Merit: 10
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September 06, 2014, 10:50:41 AM |
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you will receiving personal message from jl777 to buy bitcoindark scam in a minute or two he is here 24/7 for you all, the more BTC's you put into his piggy bank the more happy messages you will receiving edit; oh wait, he's already answered. i've quoted the message but go for pee. like i said, he's here 24/7 to answer all the questions. all of his answers would be to put all your BTC's into his piggy bank. This is not cool benthach. If you have any problem with BTCD or SuperNET, keep it to yourself or make your own thread. I doubt how many people will visit your thread to read your FUDs. It should be clear to you by now that we DON'T need your secret info based on nothing. BTCD hodlers will not change their mind based on what you say. At least, not me and I guess more people will agree the same. We are investing our money in this coin and we will decide what to do. If it goes down, we go down with it. And, we wouldn't need your sympathy. If you are behaving the same after this post, you will once again prove that a dog's tail can't be straightned. So, PLEASE stop doing that. Thanks for the understanding.
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benthach
Legendary
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Activity: 1764
Merit: 1000
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September 06, 2014, 10:53:12 AM |
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you will receiving personal message from jl777 to buy bitcoindark scam in a minute or two he is here 24/7 for you all, the more BTC's you put into his piggy bank the more happy messages you will receiving edit; oh wait, he's already answered. i've quoted the message but go for pee. like i said, he's here 24/7 to answer all the questions. all of his answers would be to put all your BTC's into his piggy bank. This is not cool benthach. If you have any problem with BTCD or SuperNET, keep it to yourself or make your own thread. I doubt how many people will visit your thread to read your FUDs. It should be clear to you by now that we DON'T need your secret info. BTCD hodlers will not change their mind based on what you say. At least, not me and I guess more people will agree the same. We are investing our money in this coin and we will decide what to do. If it goes down, we go down with it. And, we wouldn't need your sympathy. If you are behaving the same after this post, you will once again prove that a dog's tail can't be straightned. So, PLEASE stop doing that. Thanks for the understanding. so this work
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reddit btcwriter1 - twitter kingpininvestor
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Shurugwi
Member
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Activity: 117
Merit: 10
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September 06, 2014, 11:01:17 AM |
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Sorry, but I think people here are hodlers. This is BTCD ! Not doge or USDe. Although you are welcome, don't expect me to give a single BTCD for your goodies. Being able to trade a crypto for actual goods gives it more value. Holding just for the sake of holding is short sighted. If you cannot eventually exchange the crypo you hold for a lollipop then whats the point beyond pure speculation.
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jd1959
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September 06, 2014, 11:39:51 AM |
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dICO Disguised Instant Cash Out
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bitkokos
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September 06, 2014, 11:57:46 AM |
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Sorry, but I think people here are hodlers. This is BTCD ! Not doge or USDe. Although you are welcome, don't expect me to give a single BTCD for your goodies. Being able to trade a crypto for actual goods gives it more value. Holding just for the sake of holding is short sighted. If you cannot eventually exchange the crypo you hold for a lollipop then whats the point beyond pure speculation. As you are not short sighted, go on then. Buy a webcam with your btcd. I will be hodling for months, when price will rise and settle. It's too dumb to give btcd when you expect next month btcd may be x3 more. This is a collecting period. Someone who was not short sighted like me, spent 10000 bitcoins to buy a pizza some months ago Edit: Sorry, it was two pizzas.
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O_o
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crackfoo
Legendary
Offline
Activity: 3542
Merit: 1126
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September 06, 2014, 12:03:21 PM |
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Sorry, but I think people here are hodlers. This is BTCD ! Not doge or USDe. Although you are welcome, don't expect me to give a single BTCD for your goodies. Being able to trade a crypto for actual goods gives it more value. Holding just for the sake of holding is short sighted. If you cannot eventually exchange the crypo you hold for a lollipop then whats the point beyond pure speculation. As you are not short sighted, go on then. Buy a webcam with your btcd. I will be hodling for months, when price will rise and settle. It's too dumb to give btcd when you expect next month btcd may be x3 more. This is a collecting period. Someone who was not short sighted like me, spent 10000 bitcoins to buy a pizza some months ago I'd buy a pizza or something with my btcd
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bitkokos
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September 06, 2014, 12:04:37 PM |
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Sorry, but I think people here are hodlers. This is BTCD ! Not doge or USDe. Although you are welcome, don't expect me to give a single BTCD for your goodies. Being able to trade a crypto for actual goods gives it more value. Holding just for the sake of holding is short sighted. If you cannot eventually exchange the crypo you hold for a lollipop then whats the point beyond pure speculation. As you are not short sighted, go on then. Buy a webcam with your btcd. I will be hodling for months, when price will rise and settle. It's too dumb to give btcd when you expect next month btcd may be x3 more. This is a collecting period. Someone who was not short sighted like me, spent 10000 bitcoins to buy a pizza some months ago I'd buy a pizza or something with my btcd I'd buy a pizza if it's 0.01 btcd
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O_o
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benthach
Legendary
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Activity: 1764
Merit: 1000
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September 06, 2014, 12:12:14 PM |
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please don't feed the troll, take your hard earn money and feed the scammer instead
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reddit btcwriter1 - twitter kingpininvestor
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bitkokos
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September 06, 2014, 12:18:50 PM |
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please don't feed the troll, take your hard earn money and feed the scammer instead would you do us all a favor and go back to your favorite coins? OK, you hate btcd, you don't like it, you think it's a scam, you think there is a scammer behind it. We got your point. This is a thread for those who love being scammed. Thank you!
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O_o
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MrFeiLong
Member
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Activity: 67
Merit: 10
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September 06, 2014, 12:27:36 PM |
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Guys exactly what for are those TOKENs? They give permission to be a part of SuperNet?
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