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

[Valta Crypto]

how long till ico ends?

[devphp]

how long till ico ends?

Tuesday, 14:00 GMT or something, that makes ~22 hours to go.

[Cassius]

how long till ico ends?

Tuesday, 14:00 GMT or something, that makes ~22 hours to go.

Which, by the way, is 3pm if you're actually in the UK.
That one really confused me when the ICO opened.

[Breasal]

Voting yes for James' bonus for sure. No one would be here if James did not put the SN vision in motion. Much less he only receives the bonus if we reach 4x/10x. I wonder the rational behind anyone in the community who votes 'no'?

[jl777]

Forgive me if this has been addressed elsewhere, but does the new bonus provision control for the possibility of a follow-on offering?  Such an event could significantly increase the SuperNET market cap (possibly triggering the bonus(es)), without benefiting existing UNITY holders on a per-token basis.  I wouldn't expect James to contemplate such a maneuver surreptitiously, but at the same time, a follow-on offering may at some point make sense, and it would be a shame to have the appearance of a conflict of interest in major financing decisions.

A simple tweak might be to explicitly compare the market cap of only the ICO-issued tokens, not any that may be subsequently issued.

There are no plans for any such follow on offerings. In any case such a thing would require its own vote and if it is prior to the end of next year, we can always adjust the 3x and 10x to be the price of each asset, instead of overall marketcap.

James

[jl777]

It's official!

ICO will end 1400 GMT on Tuesday
voting will end 1400 GMT on Wed
trading will start 1400 GMT on Thursday

I will post bter URL for voting as soon as I get it. NXT AE TOKEN purchasers can vote already by sending any message (or donation) to:

ApproveBonus NXT-GR5T-8W3L-UFQP-8VFPV
RejectBonus NXT-FCHV-C8VL-YWFJ-EELVV

James

https://bitcointalk.org/index.php?topic=762346.msg8916442#msg8916442

At what point supernet is received in the nxt account?

around 1400 GMT on Thursday
as soon as the SuperNET asset is distributed, TOKEN loses all value so I strongly advise to remove any TOKEN bids in the AE after 1400 GMT on Tuesday

James

[jl777]

Thanks, makes sense. Very interested to see how the SuperTraders perform, given their bankroll and bonuses. Hopefully we can get running totals from them?

Further thought on probabalistic routing - layman's response as ever so add NaCl as required:
If a node's send list is based on the nodes from which it has previously received packets, is there scope for certain routes to be reinforced in the long term? Put simply, routes that have worked in the past are likely to work again and therefore be used again. Of course, this is all mitigated somewhat by the randomness included, but still, over time a given node may develop a strong preference for another node as a recipient of choice.
I'm unclear whether this would actually happen in practice, or whether if it did, that preferred node could then become a target for attack. In any case, a solution would be to decrement the counter for an address whenever it is used to send to, so it is not sent to next time.

Quick thought:
sharkfund0 and SuperTraders will both be (independently?) involved in SuperNET. Does this mean they will effectively be in competition?

sharkfund0 is not very active anymore and has a relatively static portfolio that is a proxy for Teleport

occasionally I might make a long term change, like sell off 1% BBR to buy 10% BTM and then sell off 1% BTM to buy back all the BBR that was sold

i dont expect such things to be any regular thing moving forward.

over time, each node will end up with preferred routes to other nodes, but this is different for each node. This is because the correlation stats are only possible to the dest acct that receives the JSON API string. That is where the originating acct number is. All the routing nodes only see the next acct to send to and they do know the previous IP address. Since it will not be easy to get a "lock" onto the right IP address even knowing the exact originator's acct #, the weaker correlation of previous IP address to next hop's acct doesnt seem enough to get much info to conduct an attack. Especially since there is only a statistical guess as to the IP for the next acct

James

[jl777]

Thanks, makes sense. Very interested to see how the SuperTraders perform, given their bankroll and bonuses. Hopefully we can get running totals from them?

Like quarterly reports or something similar?

I was hoping for daily reports, but maybe it will be weekly

[valarmg]

It's official!

ICO will end 1400 GMT on Tuesday
voting will end 1400 GMT on Wed
trading will start 1400 GMT on Thursday

I will post bter URL for voting as soon as I get it. NXT AE TOKEN purchasers can vote already by sending any message (or donation) to:

ApproveBonus NXT-GR5T-8W3L-UFQP-8VFPV
RejectBonus NXT-FCHV-C8VL-YWFJ-EELVV

James

https://bitcointalk.org/index.php?topic=762346.msg8916442#msg8916442

At what point supernet is received in the nxt account?

around 1400 GMT on Thursday
as soon as the SuperNET asset is distributed, TOKEN loses all value so I strongly advise to remove any TOKEN bids in the AE after 1400 GMT on Tuesday

James

Will distribution be based on assetholders at 1400 GMT Thursday, or based on 1400 GMT Tuesday? i.e. will TOKEN trades on those two days still count?

[ShortBTCD]

Forgive me if this has been addressed elsewhere, but does the new bonus provision control for the possibility of a follow-on offering?  Such an event could significantly increase the SuperNET market cap (possibly triggering the bonus(es)), without benefiting existing UNITY holders on a per-token basis.  I wouldn't expect James to contemplate such a maneuver surreptitiously, but at the same time, a follow-on offering may at some point make sense, and it would be a shame to have the appearance of a conflict of interest in major financing decisions.

A simple tweak might be to explicitly compare the market cap of only the ICO-issued tokens, not any that may be subsequently issued.

There are no plans for any such follow on offerings. In any case such a thing would require its own vote and if it is prior to the end of next year, we can always adjust the 3x and 10x to be the price of each asset, instead of overall marketcap.

James

Good enough for me.

[jl777]

It's official!

ICO will end 1400 GMT on Tuesday
voting will end 1400 GMT on Wed
trading will start 1400 GMT on Thursday

I will post bter URL for voting as soon as I get it. NXT AE TOKEN purchasers can vote already by sending any message (or donation) to:

ApproveBonus NXT-GR5T-8W3L-UFQP-8VFPV
RejectBonus NXT-FCHV-C8VL-YWFJ-EELVV

James

https://bitcointalk.org/index.php?topic=762346.msg8916442#msg8916442

At what point supernet is received in the nxt account?

around 1400 GMT on Thursday
as soon as the SuperNET asset is distributed, TOKEN loses all value so I strongly advise to remove any TOKEN bids in the AE after 1400 GMT on Tuesday

James

Will distribution be based on assetholders at 1400 GMT Thursday, or based on 1400 GMT Tuesday? i.e. will TOKEN trades on those two days still count?

I was initially thinking Tuesday, but then I realized there is no way to stop people trading and as long as there is no SuperNET asset to trade, the TOKEN will be traded no matter what my instructions are. So, Thursday is the only way to minimize any issue of people paying for worthless TOKEN.

Anybody that is trading TOKEN after Thursday 1200 GMT will be taking a risk of paying for something that has already been replaced. I strongly advise to not trade TOKEN after Tuesday.

James

[Valta Crypto]

as soon as the SuperNET asset is distributed, TOKEN loses all value so I strongly advise to remove any TOKEN bids in the AE after 1400 GMT on Tuesday

So TOKENs will be automatically replaced to assets after ICO is over?

[jl777]

I am accepting VRC for TOKEN and I am open to accepting other coins. If you have >10 BTC worth of some altcoin and want to use it for TOKEN, PM me

James

[jl777]

as soon as the SuperNET asset is distributed, TOKEN loses all value so I strongly advise to remove any TOKEN bids in the AE after 1400 GMT on Tuesday

So TOKENs will be automatically replaced to assets after ICO is over?

yes

[PilotofBTC]

Anybody that is trading TOKEN after Thursday 1200 GMT will be taking a risk of paying for something that has already been replaced. I strongly advise to not trade TOKEN after Tuesday.

James

Once I get my superNET I will be sending my Tokens to Genesis. I think all honest TOKEN investor should do the same, since it is to easy for noobs to possible come in an get scammed. I was hoping it would be required to be issued superNET, but apparently it is not.

[Este Nuno]

Thanks, makes sense. Very interested to see how the SuperTraders perform, given their bankroll and bonuses. Hopefully we can get running totals from them?

Like quarterly reports or something similar?

Was thinking weekly or monthly 
Or even automated updates. Would be pretty cool to have them fed to the SuperNET site, along with current price and last dividend.

Could be a lot of variance in the short term results that might upset certain people that don't have a good grasp of statistics.

I'd fear it would be just an invite for more trolling.

Also goes the other way, if short term results are too high, people might get unrealistic expectations of future earnings from the supertraders.

I meant to imply that some other people might misinterpret the results and that trolls might that advantage of that. Wasn't referring to you at at all Cassius. Just reread what I wrote and wanted to make sure it didn't come across the wrong way!

[jl777]

Thanks, makes sense. Very interested to see how the SuperTraders perform, given their bankroll and bonuses. Hopefully we can get running totals from them?

Like quarterly reports or something similar?

Was thinking weekly or monthly 
Or even automated updates. Would be pretty cool to have them fed to the SuperNET site, along with current price and last dividend.

Could be a lot of variance in the short term results that might upset certain people that don't have a good grasp of statistics.

I'd fear it would be just an invite for more trolling.

Also goes the other way, if short term results are too high, people might get unrealistic expectations of future earnings from the supertraders.

I meant to imply that some other people might misinterpret the results and that trolls might that advantage of that. Wasn't referring to you at at all Cassius. Just reread what I wrote and wanted to make sure it didn't come across the wrong way!

The NAV will be changed by the results of the supertraders and the plan is for approx daily change of the NAV buywall, so this indicates the need for a daily tally of the supertraders bankroll
plz do not ask for the specific trading positions of the supertraders. if you are wanting to piggyback on their results, now is the time to buy TOKEN at close to NAV

James

[durerus]

Do I get this right, guys?

Total sum of IPO is gonna be around 5k BTC. Than James is gonna throw in another 2k worth of assets and gets 500 BTC in return. Another 500 BTC stay in superNet as a reserve for operational costs. So the investors pay 5k BTC to get something immediately worth 6.5k BTC? That's 30% guaranteed profit for doing nothing. That can't be true. I must be missing something here, right?

[Momimaus]

Do I get this right, guys?

Total sum of IPO is gonna be around 5k BTC. Than James is gonna throw in another 2k worth of assets and gets 500 BTC in return. Another 500 BTC stay in superNet as a reserve for operational costs. So the investors pay 5k BTC to get something immediately worth 6.5k BTC? That's 30% guaranteed profit for doing nothing. That can't be true. I must be missing something here, right?

I think it´s 5,5k BTC and worth 7k BTC. That´s about 21% ahead.
BUT a lot of people got a bonus. NXT/BTCD 5%, and early investors up to to 15%.
So the spread is not as big as it looks.

[Cassius]

Thanks, makes sense. Very interested to see how the SuperTraders perform, given their bankroll and bonuses. Hopefully we can get running totals from them?

Like quarterly reports or something similar?

Was thinking weekly or monthly 
Or even automated updates. Would be pretty cool to have them fed to the SuperNET site, along with current price and last dividend.

Could be a lot of variance in the short term results that might upset certain people that don't have a good grasp of statistics.

I'd fear it would be just an invite for more trolling.

Also goes the other way, if short term results are too high, people might get unrealistic expectations of future earnings from the supertraders.

I meant to imply that some other people might misinterpret the results and that trolls might that advantage of that. Wasn't referring to you at at all Cassius. Just reread what I wrote and wanted to make sure it didn't come across the wrong way!

As I get accused of trolling very infrequently, I'm a little upset to have missed the opportunity.
Ah well.