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

[PondSea]

Yeah, while we bought it for 0.01, so the buy wall on 0.008 kinda sucks...not what was promised..

The majority of funds were taken in NXT. During the IPO it had devalued thus the 0.0088 nav.

If anyone wants to sell at 0.01 I will buy up to 2000.

[Cassius]

Yeah, while we bought it for 0.01, so the buy wall on 0.008 kinda sucks...not what was promised..

Due to fluctuating prices only.

[BadAss.Sx]

Well, still not fair for those who bought it with btc. 0.01 btc is still 0.01btc, no matter what the usd chart says.

But then again, i bought them also with NXT...but i understand the ones who paid with btc.

[RichardT]

Well, still not fair for those who bought it with btc. 0.01 btc is still 0.01btc, no matter what the usd chart says.

But then again, i bought them also with NXT...but i understand the ones who paid with btc.

I thought this issue has already been settled. I personally bought all of my SuperNET with BTC only and I feel fine with the buy wall.  I don't think it's all that important to be honest.  But maybe I'm just more patient than others.

I'm also willing to buy up more at 0.01 if you're willing to sell at that price.

[Este Nuno]

Since the NAV is like 0.013 or something it doesn't really make much a difference whether the wall is at 0.0088 or 0.01 considering no one in their right mind is going to sell at those prices.

[nhrf3]

Since the NAV is like 0.013 or something it doesn't really make much a difference whether the wall is at 0.0088 or 0.01 considering no one in their right mind is going to sell at those prices.

Except when it dropped to .0095...

Wall should have been placed at .01 from the get-go, especially on a scaling ICO like this was.

[Este Nuno]

Since the NAV is like 0.013 or something it doesn't really make much a difference whether the wall is at 0.0088 or 0.01 considering no one in their right mind is going to sell at those prices.

Except when it dropped to .0095...

Wall should have been placed at .01 from the get-go, especially on a scaling ICO like this was.

The agreement was made to put the wall where it is. It's a bit silly to even put a wall in the first place but if people demand it then they get it. It would actually be more beneficial not to have the wall there because if someone decides to dump for whatever reason it would enable people to pick up more shares at a price below NAV which is great(but I guess superNET itself buying back cheap shares is a good result too). People selling below NAV are likely people who need the money for heir bills or some family emergency or something, and it represents basically a free money opportunity for whoever gets there first to pick up the cheap shares. If this was a currency backed by nothing then that wouldn't really be the case, but here we have the whole asset backed by all the money that went in to it and then the bonus of having James transfer that massive amount of assets.

Most people still don't even know what superNET is. I try to explain the concept to people on here, but a lot of people are intentionally remaining ignorant of it I think because the implications if superNET succeeds are something that they think will harm their own financial interests. Which isn't necessarily the case at all considering the intention is to bring more people in to crypto in general and get them using it.

I'm surprised someone hasn't just thrown up their own buy wall at 0.01 themselves considering how much value they would get from someone dumping in to it. I guess it comes down to the fact that only a few hundred or at the most a few thousand people know about superNET so far. As things begin to come together though that number should change by at least a couple orders of magnitude. I guess the big question is what sort of plans does superNET for outreach and education? I've never heard anyone yet who after me explaining what superNET would mean for them as a user say that it's a fundamentally a bad idea. The only objections that have come up are ones about the fact that it's an asset(and people are skeptical of assets) and security issues(which are of course valid concerns). The core idea itself seems to be a potential game changer. The network effect is extremely powerful.

The goal is to get hundreds of thousands if not millions of people using superNET as their singular financial gateway. So some effort is going to have to be put in to getting users to see the benefits that can be offered to them. I think it will be important going forward that people realize that the important thing is getting the user base, not trying to sell an investment to people. If the user base is there, the investment takes care of itself. Users will mean profit, and profit will mean dividends. And the market will take care of the rest.

[apex944]

Well put Este.
Thank you for taking the time to post quality content. I'm sure it's appreciated by many here.
Having somebody like you to summarize SuperNet topis and/or progress is valuable, especially for those like me for whom time is scarce.
 

[CECVW]

Since the NAV is like 0.013 or something it doesn't really make much a difference whether the wall is at 0.0088 or 0.01 considering no one in their right mind is going to sell at those prices.

Except when it dropped to .0095...

Wall should have been placed at .01 from the get-go, especially on a scaling ICO like this was.

The agreement was made to put the wall where it is. It's a bit silly to even put a wall in the first place but if people demand it then they get it. It would actually be more beneficial not to have the wall there because if someone decides to dump for whatever reason it would enable people to pick up more shares at a price below NAV which is great(but I guess superNET itself buying back cheap shares is a good result too). People selling below NAV are likely people who need the money for heir bills or some family emergency or something, and it represents basically a free money opportunity for whoever gets there first to pick up the cheap shares. If this was a currency backed by nothing then that wouldn't really be the case, but here we have the whole asset backed by all the money that went in to it and then the bonus of having James transfer that massive amount of assets.

Most people still don't even know what superNET is. I try to explain the concept to people on here, but a lot of people are intentionally remaining ignorant of it I think because the implications if superNET succeeds are something that they think will harm their own financial interests. Which isn't necessarily the case at all considering the intention is to bring more people in to crypto in general and get them using it.

I'm surprised someone hasn't just thrown up their own buy wall at 0.01 themselves considering how much value they would get from someone dumping in to it. I guess it comes down to the fact that only a few hundred or at the most a few thousand people know about superNET so far. As things begin to come together though that number should change by at least a couple orders of magnitude. I guess the big question is what sort of plans does superNET for outreach and education? I've never heard anyone yet who after me explaining what superNET would mean for them as a user say that it's a fundamentally a bad idea. The only objections that have come up are ones about the fact that it's an asset(and people are skeptical of assets) and security issues(which are of course valid concerns). The core idea itself seems to be a potential game changer. The network effect is extremely powerful.

The goal is to get hundreds of thousands if not millions of people using superNET as their singular financial gateway. So some effort is going to have to be put in to getting users to see the benefits that can be offered to them. I think it will be important going forward that people realize that the important thing is getting the user base, not trying to sell an investment to people. If the user base is there, the investment takes care of itself. Users will mean profit, and profit will mean dividends. And the market will take care of the rest.

I also try to explain what supernetwork is with fairy stales story so people can understand better, see below when you can learn without getting a headache to understand what supernetwork is:

http://supernet.wikia.com/wiki/CECVW

The first story starts from the bottom iof the page of that link and so on, The last story is on the top of  the page

[CECVW]

My friend you forgot to put this story  in http://supernet.wikia.com/wiki/CECVW

Now I will tell you a story how to become a coin in supernetwork.

There once was a coin named pesetacoin, she lives in Spain and used to be the Spanish currency before joining the Euro. And now its made as a crypto coin.

Pesetacoin always felt like an outcast because she did not have a special feature to join supernetwork. She could not be different as she was an utterly improvement of BTC and with lovely people supporting her trying to find an exchange to trade her, but only bittrex was her only exchange and felt was not good enough to be famous.

 Sitting at home one morning and reminiscing of her childhood, she remembered an old fairy tale about a green coin that granted wishes.

 Jobless and alone, Pesetacoin resolved to go in search of the green coin. So she packed her bags and set off toward...

 Half the way through her journey she thought " Oh no! How will I ever make it to the unsafe land without any special feature?

 Suddenly she saw a green coin flickering up ahead.

 As she crept closer she soon realised it was the green coin that she had hoped to run into.

 "Oh great magical green coin," Pesetacoin said, "please give me a special feature so I can join supernetwork."

 The green coin granted her the wish and she was so happy with the results that Pesetacoin came back with her amazing Silicon fake boobs to meet BTCD

Pesetacoin knocked on the door of Supernetwork house and BTCD opened the door with big eyes.

BTCD: wow, you have amazing features.

Pesetacoin: Thanks, does it mean I can join the supernetwork?

BTCD: OH yeah!

You see this story tell you that if you have a special feature that not other coin have you have a big chance to join the supernetwork.

Long Live James.

[CECVW]

My friend you also forgot to put this story in http://supernet.wikia.com/wiki/CECVW

THE BOOLBERRY AND THE TROLL


 
A Boolberry was walking along the bank of the river looking for a spot shallow enough to cross to meet her boyfriend BTCD. Finally, the Boolberry found a spot, but waiting there, in the water, was a Troll that greeted her

''Good morning Boolberry, are you crossing the river today?"

The Boolberry responded, "Yes I need to cross the river to meet my dear boyfriend BTCD that is waiting in our House Supernetwork. Are you here alone or are your friends hiding nearby, waiting for me to cross the river?"

The Troll responded, "No please do not think like that I am a nice Troll  and so are my friends you can cross with not fears at all so you can meet your beloving  BTCD boyfriend."

The Boolberry said, "Ok, I trust you. You seem honest."

As the Boolberry was crossing the river the Troll and friends swam up to her ankles and started to chew her legs off; "Mmmm. Tastes just like berry coin"

The Troll's devoured the Boolberry in a matter of seconds. As the swarm of trolls left the sinking carcass, with full little bellies, the lead Troll turned to his other companions and belched, "BURP! I just love April fools' day ... don't you?''

This story tell you do not trust what Trolls say, its all lies and misleading information, lets learn from this story and do not cross a river infected by trolls.

[jl777]

I figured out how to add 2 of 3 and 3 of 3 multisig API to SuperNET. It is a low level API, but allows any three nodes to verify that the other two nodes have signed the referenced data and also allows all three to publish proof that they came to an agreement

the following is a detailed process on how to do this:

I linked BitcoinDarkd to b to save on typing. I have three servers, with the following pubaddrs:
1st: 10694781281555936856
2nd: 8894667849638377372
3rd: 13434315136155299987

./b SuperNET '{"requestType":"cosign","otheracct":"10694781281555936856","text":"this is a test"}'
./b SuperNET '{"requestType":"cosign","otheracct":"8894667849638377372","text":"this is a test"}'
./b SuperNET '{"requestType":"cosign","otheracct":"13434315136155299987","text":"this is a test"}'
it returns:

1st server:
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"f193137b79a4993b40b0be6c7154cf2d559e3d6f974941cca657a45733435205","privacct":"10694781281555936856","pubacct":"10694781281555936856"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"b39af77f1b18389e9acb782ad41a365cf5ef48d63b7394f714742f7471b4d209","privacct":"10694781281555936856","pubacct":"8894667849638377372"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"681d2ff77944cb36db523e775f5fe7fb5519cc106ca3fafd6bb8a31d17d10d6f","privacct":"10694781281555936856","pubacct":"13434315136155299987"}

2nd server:
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"b39af77f1b18389e9acb782ad41a365cf5ef48d63b7394f714742f7471b4d209","privacct":"8894667849638377372","pubacct":"10694781281555936856"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"4a3bc59ad2f2ea5191447ce2ad2f6a2d877daebbc096c826eb2b40bfd8293502","privacct":"8894667849638377372","pubacct":"8894667849638377372"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"196d7054e987a0a8061d4b4d86db5e3dfe502066208bda98a3b1c834e4fc8071","privacct":"8894667849638377372","pubacct":"13434315136155299987"}

3rd server:
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"681d2ff77944cb36db523e775f5fe7fb5519cc106ca3fafd6bb8a31d17d10d6f","privacct":"13434315136155299987","pubacct":"10694781281555936856"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"196d7054e987a0a8061d4b4d86db5e3dfe502066208bda98a3b1c834e4fc8071","privacct":"13434315136155299987","pubacct":"8894667849638377372"}
{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"d6bdcaf3d5890eb3839860d6eec1f8f151d6af7c94d7feb6691e9b4ebc26a20a","privacct":"13434315136155299987","pubacct":"13434315136155299987"}

####
note the matched pairs of results. Now I will submit one of them to the server that isnt listed, the following three, to each server:


./b SuperNET '{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"196d7054e987a0a8061d4b4d86db5e3dfe502066208bda98a3b1c834e4fc8071","privacct":"8894667849638377372","pubacct":"13434315136155299987"}'

./b SuperNET '{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"681d2ff77944cb36db523e775f5fe7fb5519cc106ca3fafd6bb8a31d17d10d6f","privacct":"13434315136155299987","pubacct":"10694781281555936856"}'

./b SuperNET '{"requestType":"cosigned","seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"b39af77f1b18389e9acb782ad41a365cf5ef48d63b7394f714742f7471b4d209","privacct":"10694781281555936856","pubacct":"8894667849638377372"}'

and all three servers produced the same results! Note that each server had different inputs to create the same result.

{"seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"5f176db34fce1b7812e97c13771d9c7767e839304d17c9611794343db76bc556","acct","10694781281555936856","privacct":"8894667849638377372","pubacct":"13434315136155299987","input":"196d7054e987a0a8061d4b4d86db5e3dfe502066208bda98a3b1c834e4fc8071"}

{"seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"5f176db34fce1b7812e97c13771d9c7767e839304d17c9611794343db76bc556","acct","8894667849638377372","privacct":"13434315136155299987","pubacct":"10694781281555936856","input":"681d2ff77944cb36db523e775f5fe7fb5519cc106ca3fafd6bb8a31d17d10d6f"}

{"seed":"2e99758548972a8e8822ad47fa1017ff72f06f3ff6a016851f45c398732bc50c","result":"5f176db34fce1b7812e97c13771d9c7767e839304d17c9611794343db76bc556","acct","13434315136155299987","privacct":"10694781281555936856","pubacct":"8894667849638377372","input":"b39af77f1b18389e9acb782ad41a365cf5ef48d63b7394f714742f7471b4d209"}

now these are low level primitives and doesnt directly get us multisig tx, but it does allow 3 nodes to cooperate and verify that the other two are also signing the original text. by publishing the final result, it will prove to others that all three nodes reached agreement.

James

[jd1959]

Awesome work James & crew, thank you

Jon

[Victorius]

LOL at guys still talking about buywall... lets talk about near future development, that is something everyone would like to hear more about.

[Este Nuno]

LOL at guys still talking about buywall... lets talk about near future development, that is something everyone would like to hear more about.

On freenode channel ##supernet(not #supernet) people can come and watch or assist in the development and testing of superNET. Lots of testing going on everyday and I know they need more people to donate their time and their servers to test the network.

[cexylikepie]

Yeah, while we bought it for 0.01, so the buy wall on 0.008 kinda sucks...not what was promised..

not what was promised? please quote or link to this promise....

[youngmike]

When supertraders going to pay? 

[Este Nuno]

When supertraders going to pay? 

Not sure, but considering they mentioned that they are starting with a 10 BTC portfolio I wouldn't get my expectations up for big returns too quickly. Slow and steady is not a bad way to do it. Plus the markets aren't exactly on fire lately anyway.

[PilotofBTC]

When supertraders going to pay? 

I don't think they "pay" anything. The trading will increase the NAV of the fund, not produce "payments".

[bassguitarman]

You should add opal