[ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer

[jl777]

Why does it feel like only jl777 understands any of this?
I bought a lot (for me) because I trust a random man on the internet who is known for making a lot of money off of people just like me. Am I all right in the head?

Warren Buffet would smack you.

“Never invest in a business you cannot understand.”

If you dont understand, please do not invest more than 1 BTC and this is for the support for the UNITY spirit. If you are making some money from it, then it is nice bonus. This is the thing to do if you are not understanding the SuperNET

James

[Cassius]

the ico will still be open till tomorrow right? think il buy a healthy amount of TOKEN.

For another 10 day's or so I guess.
If you remember the PMs we exchanged a while back - this very neatly solves that problem.

[komakino]

[Dividend Announcement]

NXTventure will offer a 1:10 Privatebet dividend after the close of SuperNET funding. The ex-dividend block will be as of the close of the funding. Assetholders of record that block will receive the dividend.

For every 10 NXTventure assets you own, 1 Privatebet asset will be sent as a dividended. I believe this will set the record for the value of a dividend by a cryptoasset, as it is ~6 million NXT market value as I write this, or ~$240,000 USD

James

Since I'm new to NXT assets, can you please explain if my thinking is correct?
Let's say I have 100 NXTVenture assets, once the funding is over I will also get 10 Privatebet assets the next day? If yes, do I need to do something
or the bonus Privatebet assets will be transferred automatically to my account?
Do I also need to have UNITY assets for this scenario?

Sorry for my newbie question, but I am just one

[jl777]

I just noticed this thread is moved to "Marketplace"
BTT is trying to make it harder to find the SuperNET?

It is already the top 4 every viewed thread in Marketplace though

I tried to put it in the place where most people would see it, so there are no complainings later.

James

[Elokane]

Having the money in escrow is nice and all, but putting $1m in James' pocket right away sounds ridiculous.
Am I missing something?

James will lose his 1 million dollars if superNET fail.
He puts money in it because he believes in it.
It's simple as that.

They are not "his". They are the money raised by this funding campaign.

No. This funding campaign have nothing to do with any of the following project : InstantDEX, Tradebots (NXTcoinsco), NXTprivacy, Privatebet, cryptocard, NXTventure, jl777hodl.
He is not taking money from the superNET ICO.
superNET ICO ≠ James assets
He takes his money from assets and invest in the superNET ICO.

Ok now I am confused - "He takes his money from assets and invest in the superNET ICO"? Does it mean he will invest these assets or commit these assets to SuperNet without asset owner vote? sharkfund0 and jl777hodl are basically funds so my guess is that is fine but NXTPrivacy, Privatebet are not. so will james be seeking vote for the assets?
Or the money from ICO will be used to buy these assets and add to the fund?
Or he will use his own money to buy these assets and donate it to the SuperNet ICO?

So much confusion.

I already have these assets
I will be transferring them into the SuperNET acct from my personal acct shortly
For 2000 BTC of assets I am only assured of getting 10% of the SuperNET assets, if 5000 BTC is raised, this is 500BTC worth of SuperNET asset for 2000 BTC worth of core assets. Not so good of a deal, so I ask for bonus of 5% + 5%.

Then I will get another 250BTC worth of SuperNET assets if SuperNET is top10 coinmarketcap before end of this year and another 250 BTC worth of SuperNET assets if SuperNET is top5 coinmarketcap before end of next year.

These 250 BTC values are the NAV based on 5000 BTC raised. Of course if SuperNET is top5 coinmarketcap, then it is all worth 10x so I will have made 5000 BTC from these bonuses. This is a very good incentive for me to work very hard to achieve this result!

Is it fair that I make so much money? With the TOKEN investors making 45000 BTC during this, I feel it is more than fair. I am risking 500 BTC worth of assets as I am confident that Top5 will be achieved. The other extra I am viewing as a donation to help the SuperNET be more powerful.

I always try to make the deals a win/win. I only win if the other party wins.

James

OK, I understand what you're doing now. I had previously thought you were allocating more of the raised funds to purchasing these assets. Now I understand that, simply put:

You are selling 2000 BTC worth of your existing assets, those that are at the core of the SuperNET technology, for 500 BTC of SuperNET raised funds.

Correct?

No. I am getting no BTC at all. I am only getting 500 BTC worth of SuperNET asset. The BTC is for the escrow.
Please follow the money and it will be clear my intentions. I already put the assets in, without any guarantee the vote will be in my favor for the 5%+5% bonus.

I am counting on getting 20% of SuperNET when it is Top5 marketcap. Without this deal, I would be limited to 10% of SuperNET. I am risking 1500BTC worth of assets on my confidence of SuperNET future, especially now it has at least 4x the core asset revenues.

Somehow I am creating more value by giving away stuff. This is probably some sort of anomaly, but I am no economist, I am just making one step at a time to solve the problems as they arise. The lack of SuperNET core assets was a problem that prevented me from concentrating on coding, so I solved it and I believe in a win/win manner

James

Yes, that's what I meant. Thanks for clarifying. I would definitely vote yes.

[jl777]

[Dividend Announcement]

NXTventure will offer a 1:10 Privatebet dividend after the close of SuperNET funding. The ex-dividend block will be as of the close of the funding. Assetholders of record that block will receive the dividend.

For every 10 NXTventure assets you own, 1 Privatebet asset will be sent as a dividended. I believe this will set the record for the value of a dividend by a cryptoasset, as it is ~6 million NXT market value as I write this, or ~$240,000 USD

James

Since I'm new to NXT assets, can you please explain if my thinking is correct?
Let's say I have 100 NXTVenture assets, once the funding is over I will also get 10 Privatebet assets the next day? If yes, do I need to do something
or the bonus Privatebet assets will be transferred automatically to my account?

Sorry for my newbie question, but I am just one

The NXTventure announcement is only applying to people who own the NXTventure asset. I posted here because SuperNET indirectly owns a percentage of NXTventure, so it will be getting its share of this quarter million USD dividend, indirectly.

The way the NXT dividend works is that people with 1% of the asset would get 1% of the dividend. So if you owned 1% of NXTventure, you would get 0.1% of Privatebet. in specific terms if you owned 10000 NXTventure assets your account will automatically receive 1000 Privatebet assets.

so, this is not directly related to the SuperNET funding, I just made the timing so that this happens after we are done with the fund raising. It also shows how the mechanics of a SuperNET dividend will be.

I would make a dividend announcement with the specifics as to what each SuperNET asset will get, the time that matters and then when that time arrives, a snapshot of the asset holders is made, the dividend is allocated according to proportion and sent out automatically.

There is one twist that it is possible if you own a small amount of SuperNET asset that the txfee to send the dividend is more than the dividend itself. In this case I dont think it makes sense to send the dividend. Next year I hope to have a more realtime process where any assetholder can lookup his unpaid dividends and then click a button to get them sent out. this way each assetholder will control when it is worth paying the txfee to receive the dividend.

James

[Graffenwalder]

The transfers, they are done:

15720904723604126361
13969817255360149927   
616709295133043647

Now the SuperNET account has the core assets as described and it will thus get 24.15% of the dividends that these core assets will generate. I feel a happy balance.

http://nxtreporting.com/?a=NXT-MRBN-8DFH-PFMK-A4DBM&c=USD shows the SuperNET account
It currently has 23.5 million NXT (which I still have not run away with) and 26.3 million NXT worth of the core assets.

Let us calculate the TOKEN NAV and SuperNET NAV, the latter using core assets and assuming full 20% dilution.

2014-09-11-14:00:03-GMT SOLD 211012.56580535 TOKEN

928.44400974 BTC, 8955179.34129586 NXT, 18107.41954836 BTCD, 604418.27454791 CNY
NXT AE 23495504.342392 NXT for 187039 TOKEN

Total TOKEN: 398051.56580535
BTC 928.44400974
NXT 32450683.68368786 * .000085 = 2758.30811311 BTC
BTCD 18107.41954836 * 0.01398860 = 253.29744909 BTC
CNY 604418.27454791 @ 2930 = 206.2861 BTC
BTC equiv = 4146.33567247

TOKEN NAV = 0.01041658 BTC

If the UNITY trading is active, there would now be a 50 BTC buywall at 0.01041658 BTC

Now let us adjust this for the value of the core assets, the following I just cut and paste from the GUI:
InstantDEX   241'485   1'000'000   24.15%   48.98   45   10'866'825   
NXTcoinsco   241'485   1'000'000   24.15%   26.98        25   6'037'125
NXTprivacy   241'485   1'000'000   24.15%   43.9989   39   9'418'180
Total 26322130 NXT * .000085 = 2237.38105 BTC

Now we assume the "worst case" dilution where both bonuses are earned, which would mean there are a total of 497564.4573 SuperNET assets. You can check the math, 80% of this number is matching the number of TOKEN.

SuperNET NAV = (4146.33567247 + 2237.38105) / 497564.4573 = (6383.71672247 / 497564.4573) = 0.01282993 BTC

This is a 23% premium over the TOKEN NAV, even when using the 20% dilution.

I hope these calculations make it clearer how all this works

James

Isn't this ICO the whole reason NXT has been on a constant pump? Since a lot of people sell BTC for NXT to get in to the ICO cheaper.

What happens when this ICO is over, I guess we'll see a correction in NXT prices and thus a correction in TOKEN/UNITY NAV

The 5% bonus for NXT is not enough to create any constant buying pressure as the bid/ask spread is probably half that. Maybe some initial boost, but then it costs more to go BTC -> NXT -> TOKEN, vs just BTC -> TOKEN. It was designed to bonus people who already had NXT.

My theory is that SuperNET has gotten some people who before this never bothered to even look at NXT with an objective eye. Now that people are seeing that some crazy guy has made millions of USD in a few months via NXT assets and that a NXT asset has gotten thousands of BTC of sales. Well, only somebody who is not observing the reality will still deny that NXT is real and useful and has a bright future.

So, similar to BBR, I just made people notice there was no reason for it to be having such a low price. A lot of people who are trusting of me just immediately bought BBR and quadrupled its price. But a lot of people took the time to actually look at this ignored cryptonote and saw for themselves why I like it and then the bigger money moved in.

Just my opinion though, I have been know to make many mistakes, so please make your own conclusions about the valuation adjustment that comes from a communitywide discovery that NXT is really cool.

James

P.S. One key thing to realize is that even if I inadvertently caused some artificial demand for NXT with the 5% bonus, unlike any other price increase where all the NXT that is bought will be sold on the open market, SuperNET's 30 million+ NXT is for HODL and private investments in NXT economy startups. For those trying to model this accurately, this is a key factor that cannot be ignored as the SuperNET is absorbing the average trading volume of NXT so far.

Thanks for the reply, just did a quick check, selling BTC->NXT->TOKEN would give a discount of around 3%.(straight selling into market orders) So it's worth going this way.

I like your point about the NXT in Supernet's holdings won't be dumped on the open market. This would reduce a potential correction.

As for the crazy guy making millions and pointing out BBR, I couldn't care less about this. It reminds me of Max Keiser tweeting Meow and Kittycoin(not sure there were multiple cat coins) getting a huge pump.
Like you said people should make their own conclusions, and not just follow some random guy, who had some success.

No offense. I have a couple of Tokens, just thinking if it's a long term HODL or not.

[Elokane]

Who is currently in control of the SuperNET account that the 24% underlying assets were just transferred to?

[PilotofBTC]

[Dividend Announcement]

NXTventure will offer a 1:10 Privatebet dividend after the close of SuperNET funding. The ex-dividend block will be as of the close of the funding. Assetholders of record that block will receive the dividend.

For every 10 NXTventure assets you own, 1 Privatebet asset will be sent as a dividended. I believe this will set the record for the value of a dividend by a cryptoasset, as it is ~6 million NXT market value as I write this, or ~$240,000 USD

James

Since I'm new to NXT assets, can you please explain if my thinking is correct?
Let's say I have 100 NXTVenture assets, once the funding is over I will also get 10 Privatebet assets the next day? If yes, do I need to do something
or the bonus Privatebet assets will be transferred automatically to my account?
Do I also need to have UNITY assets for this scenario?

Sorry for my newbie question, but I am just one

James gave the long answer but the simple answer it:

No, you don't need to do anything to get the NXTVenture dividend of Privatebet.

There are tools that can look at the block chain to see who owns what as of a certain timestamp/blockheight. Then the shareholders of record can be determined and dividend assets can be transferred.

[jl777]

Who is currently in control of the SuperNET account that the 24% underlying assets were just transferred to?

me

hopefully the fact that as big as this xfer was, I still have more equity in my account

and the 23 mil NXT is still there after all these days

The NXT community is feeling that until there is Phasing (fancy multisig) support in NXT, that it might be safest for me to hold the NXT.

I await the community to decide on such things. I dont particularly enjoy having such large amounts of other people's money in an account I control.

I asked for someone to escrow service, but the fee was 0.9% and that would use up 90% of the 1% I have discretion over. I did not feel it was the right way to spend this.

I am hoping for a solution to this that is acceptable and await the community's feedback

James

[dollux]

Question about voting.

If somebody had multiple Nxt accounts and obtained assets from each one as well as having multiple BTC wallets and did the same, would this give them multiple votes when it was time to do a vote?

[jl777]

Question about voting.

If somebody had multiple Nxt accounts and obtained assets from each one as well as having multiple BTC wallets and did the same, would this give them multiple votes when it was time to do a vote?

they would get multiple votes, but each vote is weighted by the number of assets, so other than letting people with multiple personalities disagree with their own selves, splitting things up will not give any advantage.

bter will tally the votes and weight by the number of TOKEN and since there wont be any changes possible in the in between period the 1 TOKEN 1 vote will be preserved

On the NXT AE side, regardless of shuffling around between accts, it is a specific block that will be used to make a snapshot.

James

[jl777]

the ico will still be open till tomorrow right? think il buy a healthy amount of TOKEN.

For another 10 day's or so I guess.
If you remember the PMs we exchanged a while back - this very neatly solves that problem.

hhmm.. i think i remember the discussion.. if i remember correctly im not sure i see how it solves the issue..  

could you go into more detail perhaps via pm?

I will accept NEMstakes for TOKEN
any day past 14 days that brings in less than 3% of total triggers the end of funding 2 days later
max of 28 days

James

[dollux]

Question about voting.

If somebody had multiple Nxt accounts and obtained assets from each one as well as having multiple BTC wallets and did the same, would this give them multiple votes when it was time to do a vote?

they would get multiple votes, but each vote is weighted by the number of assets, so other than letting people with multiple personalities disagree with their own selves, splitting things up will not give any advantage.

bter will tally the votes and weight by the number of TOKEN and since there wont be any changes possible in the in between period the 1 TOKEN 1 vote will be preserved

On the NXT AE side, regardless of shuffling around between accts, it is a specific block that will be used to make a snapshot.

James

Great, thanks for that.

[jl777]

the ico will still be open till tomorrow right? think il buy a healthy amount of TOKEN.

For another 10 day's or so I guess.
If you remember the PMs we exchanged a while back - this very neatly solves that problem.

hhmm.. i think i remember the discussion.. if i remember correctly im not sure i see how it solves the issue..  

could you go into more detail perhaps via pm?

I will accept NEMstakes for TOKEN
any day past 14 days that brings in less than 3% of total triggers the end of funding 2 days later
max of 28 days

James

what date did the ico start?

and sorry i know you have a secret nem boner but i wont be parting with any took me months to accumulate the amount i wanted

started last saturday
machines dont get boners, at least not my version
I am just lazy for remembering to buy it when the prices are low

[TwinWinNerD]

James silently(not really) accumulates NEM for sharks

[jl777]

James silently(not really) accumulates NEM for sharks

like I said, I am lazy for the penny pinchings. That is why I was writing the automated tradebots.

the big money is made by finding the good investments reasonably early before it is generally known and HODL for the long time. Patience allows watching a seed to grow into a tree, just hard to know what type of tree for a while

Now I am making no specific recommendation for my NEMstake purchase, it is not even released yet so many things can still go wrong.

James

[jl777]

James silently(not really) accumulates NEM for sharks

like I said, I am lazy for the penny pinchings. That is why I was writing the automated tradebots.

the big money is made by finding the good investments reasonably early before it is generally known and HODL for the long time. Patience allows watching a seed to grow into a tree, just hard to know what type of tree for a while

Now I am making no specific recommendation for my NEMstake purchase, it is not even released yet so many things can still go wrong.

James

thats sounds like a "nem is a good buy" type of comment.. and i think everyone knows what happens when you post those types of comments

Plz do not be turning my "no specific recommendation" into "nem is a good buy"


I buy a lot of things, not all do well.

When I make a recommendation, I want it to have meaning. My track record so far is not so bad and I intend to continue this as I know a lot of people are listening for my recommendation.

I repeat, I am making no specific recommendation for NEMstake. I did make a specific recommendation via the SuperNET newsletter earlier today and I am glad peoples are following the advice to be patient and wait for the good prices.

James

P.S. For example, I have significant amount of NAS, NTX, N2 and FIM too, but I am also not making any specific recommendation for them.

[cexylikepie]

James silently(not really) accumulates NEM for sharks

like I said, I am lazy for the penny pinchings. That is why I was writing the automated tradebots.

the big money is made by finding the good investments reasonably early before it is generally known and HODL for the long time. Patience allows watching a seed to grow into a tree, just hard to know what type of tree for a while

Now I am making no specific recommendation for my NEMstake purchase, it is not even released yet so many things can still go wrong.

James

thats sounds like a "nem is a good buy" type of comment.. and i think everyone knows what happens when you post those types of comments

Plz do not be turning my "no specific recommendation" into "nem is a good buy"


I buy a lot of things, not all do well.

When I make a recommendation, I want it to have meaning. My track record so far is not so bad and I intend to continue this as I know a lot of people are listening for my recommendation.

I repeat, I am making no specific recommendation for NEMstake. I did make a specific recommendation via the SuperNET newsletter earlier today and I am glad peoples are following the advice to be patient and wait for the good prices.

James

P.S. For example, I have significant amount of NAS, NTX, N2 and FIM too, but I am also not making any specific recommendation for them.

shit sorry.. didnt mean to twist your words..

*cof* check nemstake price *ahem*...

holy crap...

i watched it go from plus 20 percent after your post to -20 percent after jl777's

[TwinWinNerD]

James silently(not really) accumulates NEM for sharks

like I said, I am lazy for the penny pinchings. That is why I was writing the automated tradebots.

the big money is made by finding the good investments reasonably early before it is generally known and HODL for the long time. Patience allows watching a seed to grow into a tree, just hard to know what type of tree for a while

Now I am making no specific recommendation for my NEMstake purchase, it is not even released yet so many things can still go wrong.

James

thats sounds like a "nem is a good buy" type of comment.. and i think everyone knows what happens when you post those types of comments

Plz do not be turning my "no specific recommendation" into "nem is a good buy"


I buy a lot of things, not all do well.

When I make a recommendation, I want it to have meaning. My track record so far is not so bad and I intend to continue this as I know a lot of people are listening for my recommendation.

I repeat, I am making no specific recommendation for NEMstake. I did make a specific recommendation via the SuperNET newsletter earlier today and I am glad peoples are following the advice to be patient and wait for the good prices.

James

P.S. For example, I have significant amount of NAS, NTX, N2 and FIM too, but I am also not making any specific recommendation for them.

shit sorry.. didnt mean to twist your words..

*cof* check nemstake price *ahem*...

holy crap...

i watched it go from plus 20 percent after your post to -20 percent after jl777's

It is called spread, you missinformed people..