@jl777 ! I've been following your posts and think you're great. You're making your ideas real (hard enough) with amazing speed, it's an admirable quality that I seek. I currently have no money and have invested credit card debt into bitcoin after doing some expected value math and it turning out to be positive. I invested small amounts into BTCD before it tripled to it's base of 0.009 but not enough to pay off the debt let alone the ideal of freeing me from the clutches of minimum wage slavery. You say you've made enough money to be comfortable for the rest of your life and I too wish to achieve that and then go on to cause my ideas to exist in reality, they're big ideas and I'm going to need to devote a lot of effort and time to them, a regular soul-crushing job has no place in my life. ANYWAYS SuperNET is a great idea, I had been thinking about how to beat BTC which I now realize was a non-starter. Going NEXT LEVEL is how you make the world better, beating BTC with a different coin is a linear non revolutionary way of thinking, all the coins with faster block times and lower transaction fees don't get it, but you do man, you're a visionary.
1. I come to you to communicate my respect and envy for you and your advice if you don't mind. The supernetwork, should I be investing in it with my small amount of btc (3.5 right now could make it 5.5-6 total if I were to stretch resources) expecting a substantial ROI?
Depending on how much is raised the ROI profile will change. The more is raised, the more coins can be added, even some of the top ones, but if a crazy big amount is raised then most will just sit in BTC and this will dilute the overall IPO. Based on the expected amount to be raised, I think there will be more BTC than needed for the immediate coins that are appropriate. So, the fact that there should be a fair amount of BTC, plus a diversified portfolio of coins, the downside should be protected pretty well. On the upside, this is no chance for 60x gain, but more like sharkfund. We live in strange times when something triples in three months and it is considered slow! Now 3x in 3 months is a very optimistic thing for SuperNET due to the expected size. With sharkfund0, it started with ~1500 BTC, so it was not so small and while one third was redeemed it is still worth more than the original capital.
2. I'd love to support the supernet but don't think I'm in a financial position to have funds locked up in it before it exists, or can i trade the assets on poloniex immediately after I purchase them?
DO NOT INVEST ANY FUNDS THAT ARE REQUIRED FOR LIVING EXPENSES
3. Also regarding "click revenue". As I understand it (poorly) the superNET is going to be a nice zone where coins all follow the same coding rules via libjl777 and thus can interact with each other via the various services that are implemented to the SuperNET, which is why you want the coin devs to implement their unique features in the network. I'm unclear on what the nodes do in the supernetwork though, who are they hosted by and how will tx fees (betting, instantdex) be enough to justify operating a node (and should I run one in the hopes that I can make money off of it when it gets up and running?)
running a node will not generate so much money, but if you are running some coin anyway, you are running a node, so there is not much overhead. Now I am advising NXTgrid, which is setting up some paid for grid computing, so companies would rent time from the SuperNET cloud and pay for it. This would use up CPU and maybe even GPU in exchange for payment. The details for the services will vary tremendously. Some of them will be built into the QT wallets by the coindevs, some will be on the HTML GUI, maybe it even opens up a website. These are small details, I am not worried about solving them now
4. I'm not currently staking my BTCD but will if that somehow gives me a profit, I'm unclear how staking works and how you plan to revenue share with BTCD holders from the superNET and WHY you would do that other than incentivising the use of the base Teleport coin.
Staking is by enabling it in wallet. When I adopted BTCD as my own coin to work on, I made a commitment to work hard and improve the coin. I want BTCD to be a coin that is not just for speculation, but also something that actually gives dividends. This will give it normal investment value. I also promised I would do things like this and I keep my promises
5. Poloniex is going to make the IPO live in the next week I imagine, so BTCD will undoubtedly get a boost, knowing your sympathy for making people money, what would you suggest is the best course of action for someone in my position (3.5 BTC, could make it 6 by Monday) in order to capitalize on this SuperNET IPO and BTCD getting a boost, do you think BBR is a good move (I know you're all about CZ but has all the money gone into it or will SuperNET IPO cause it to rise too) I'm new to all of this trading stuff, I'm a tech veteran though and I think I learn quickly.
There is no rush for SuperNET IPO, it will run for most of September. For up to 4 weeks the funds would be tied up.
BBR is already 5x from my recommended price, but it is still 1/10 of XMR. I think 1/5 XMR is not surprising result and even 1/3. Remember BBR is mined so there is constant downward pressure. If you are putting bids 15% below market, this adds nice cushion to your profits. NXT is trading at pretty low price and a 50% gain over next month wouldnt surprise me. BTCD, anything can happen. When Teleport beta is being released during IPO madness, I fear for price bubble and many volatility.
I would suggest to think about the potentials of each of these and allocate amounts based on your feeling about their risk/rewards. Now I somehow started with 2 BTC last nov and I cashed out my life savings of $20K to increase bankroll, but lost 75% of that when it got stuck in peercover as they went bankrupt. So, I did many high risk, but also high returns. The key was I was doing a dozen of them at a time, so losing will happen, you just need to make sure the winners are combining for more gains than the losers are losing.
But I made my money from working hard, not investing (other than buying 1% of DRK for 10 BTC). Working 100hrs per week for 30 weeks, thats a lot of hours and many years ago when I was selling my talents to companies, I was making the $100/hr so this working of thousands of hours is worth a relatively large amount. Also the companies are begging me to work for them, so they are of course making a lot more than they are paying. crypto is changing the world for better and now I am only working for food and Starbucks, but still I end up making a similar amount as when I was just selling myself. I am so much happier to be helping the crypto world than the corporate world and to end up with more money, well this is unexpected surprise.
I'd love to chat with you on skype/facebook or in real life if you live in Vancouver and thanks for your time man, your volume of thoughtful posts + coding all day is insane! PS I'll fire more clarifying questions after you respond, I know it has benefit for everyone else too.
I do not divulge my voices for security reasons. I also need to maintain the possibility that I am AI and have no physical form
James
