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

[raimch89]

i don't understand why btcd still at 0.0050

[couer22]

i don't understand why btcd still at 0.0050

'cuz it's the malnourished lovechild of boolberry and the handsome devil jl777 who laid down by the river ...

no wait a minute that was not the story that guy was telling ....  ...? or was it

best explanation: boringly long accumulation phase. plus no snazzy new releases to keep short attention spans occupied ....

[jahl]

i don't understand why btcd still at 0.0050

'cuz it's the malnourished lovechild of boolberry and the handsome devil jl777 who laid down by the river ...

no wait a minute that was not the story that guy was telling ....  ...? or was it

best explanation: boringly long accumulation phase. plus no snazzy new releases to keep short attention spans occupied ....

its getting harder to catch dumps

[jl777]

I hope NXTventure, Jl777hodl and BTCD will follow, they are far behind.

Once SuperNET is released and people see what kind of value these hold, I believe they will do quite well.

JLH and BitcoinDark are the reference asset/currency for InstantDEX. That alone is huge. (Not to mention the 5% of SuperNET fees going directly to BitcoinDark holders amongst other things)

Matthew

To holders or to active stakers? And in what form are the fees paid (assets, btcd, btc, something else)? If Btc for example (or anything other than btcd), where are they paid to?

financially it will work like a multipool. Whatever form the revshare comes in, will be converted to BTCD and then sent directly to the addresses in proportion to their staking. That is the only way to maintain privacy

James

all blocks will be counted with the same weight, so if an account staked 0.1% of the blocks, 0.1% of the revshare will be sent to that account. I just happen to have a database with the required info to find and tally the accounts that are staking

Thanks for the clarification.

Is an actively staking/(unlocked) wallet more vulnerable is some ways than a passive/(locked) wallet?

you can unlock only for staking
however by staking you are most likely leaking some info, similar to forging in NXT, so stuff like IP address correlation becomes easier if you are staking (or forging with NXT)

James

[Hollowman338]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

[Hollowman338]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

I would also expect a dump after Jan 1 when the bonus has been secured.

[nonlinearboy]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

[buybitcoinscanada]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

Okay. So 573715.89 UNITY were bought/created during ICO @ 0.01 btc per. That puts the initial market cap at 5737.1589 BTC. Then there is the 10% non dilutive incentive bonus for jl777 (5% for each goal, x3 this 2014 and x10 2015). Now if these extra 10% get counted to the initial marketcap (actually 8160.61 BTC) then they of course must be counted to the goal marketcap, which means the x3 goal is 24481.83 BTC.

Then logic clearly follows if these 10% UNITY do not count in the initial market cap, they don't count in the 3x calculation either. This puts the initial marketcap at 5737.1589 BTC and the goal marketcap at  17211.4767 BTC.

What does not get done is: Calculating the 10% UNITY for the initial marketcap, but then do not calculate them for the goal marketcap. Clearly it is obvious why this makes no sense. It is just padding the starting cap and reducing the goal cap with no actual progress. It's a trick.

The price started at 0.01, so logic follows that a tripling of marketcap means a tripling of price, as Supernet does not have an inflating share supply.

Now the above comments I'm responding to are not from jl777. So, I think we need an official statement from jl777 as to how this gets calculated and a justification for that. This should corroborate what was stated at the beginning of the IPO & not include any "funny" accounting like outlined above.

[whetherman]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

Okay. So 573715.89 UNITY were bought/created during ICO @ 0.01 btc per. That puts the initial market cap at 5737.1589 BTC. Then there is the 10% non dilutive incentive bonus for jl777 (5% for each goal, x3 this 2014 and x10 2015). Now if these extra 10% get counted to the initial marketcap (actually 8160.61 BTC) then they of course must be counted to the goal marketcap, which means the x3 goal is 24481.83 BTC.

Then logic clearly follows if these 10% UNITY do not count in the initial market cap, they don't count in the 3x calculation either. This puts the initial marketcap at 5737.1589 BTC and the goal marketcap at  17211.4767 BTC.

What does not get done is: Calculating the 10% UNITY for the initial marketcap, but then do not calculate them for the goal marketcap. Clearly it is obvious why this makes no sense. It is just padding the starting cap and reducing the goal cap with no actual progress. It's a trick.

The price started at 0.01, so logic follows that a tripling of marketcap means a tripling of price, as Supernet does not have an inflating share supply.

Now the above comments I'm responding to are not from jl777. So, I think we need an official statement from jl777 as to how this gets calculated and a justification for that. This should corroborate what was stated at the beginning of the IPO & not include any "funny" accounting like outlined above.

I think this would be appropriate & timely.

[sempyper]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

a bonus of 5% .. am i missing something? thats $250,000 USD of todays market price, then another one in 2015 is another $250k.. half a million dollars.. thats 10% of the entire supply. should be more like 1%

[Hollowman338]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

a bonus of 5% .. am i missing something? thats $250,000 USD of todays market price, then another one in 2015 is another $250k.. half a million dollars.. thats 10% of the entire supply. should be more like 1%

To be fair, this project is truly ground breaking.  This isn't your typical bitcointalk shitcoin clone pump and dump garbage.

[sempyper]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

a bonus of 5% .. am i missing something? thats $250,000 USD of todays market price, then another one in 2015 is another $250k.. half a million dollars.. thats 10% of the entire supply. should be more like 1%

To be fair, this project is truly ground breaking.  This isn't your typical bitcointalk shitcoin clone pump and dump garbage.

and i support the project. but 5% at 3x would equate to 330k usd, and 5% @ 10x would be 2.5million dollars USD, now i believe in it and all. but i believe 2.83 million USD is an absolute absurd amount of money as a bonus. 1% would be enough. considering he already owns a huge portion of supernet and btcd. 10% is way over the top, what if we give him 1% and the other 9% can be spent where it is needed, like graphic designing of websites and GUI's and marketing. as all those areas are severely lacking.

a strong marketing plan is needed, this is looking like a 50grand project not a multi-million dollar asset.


like technically right now if james was that way inclined he could grab 30btc and boost up UNITY on bter to above 3x levels, its not hard, then collect 330k usd. now im not implying at all that he would do that, im just stating. what are the rules, does unity have to be stable @ 3x levels or just hit it and dump?

[whetherman]

Well, seems to me there is not much point talking about how much %  it should be. A deal was made, that is that.

What is important is to get out in front of the upcoming deadline with clear communication about what the exact threshold is. The market is looking good right now; it would be a shame if this sort of uncertainty begins to affect that. Jmho.

[jl777]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

Okay. So 573715.89 UNITY were bought/created during ICO @ 0.01 btc per. That puts the initial market cap at 5737.1589 BTC. Then there is the 10% non dilutive incentive bonus for jl777 (5% for each goal, x3 this 2014 and x10 2015). Now if these extra 10% get counted to the initial marketcap (actually 8160.61 BTC) then they of course must be counted to the goal marketcap, which means the x3 goal is 24481.83 BTC.

Then logic clearly follows if these 10% UNITY do not count in the initial market cap, they don't count in the 3x calculation either. This puts the initial marketcap at 5737.1589 BTC and the goal marketcap at  17211.4767 BTC.

What does not get done is: Calculating the 10% UNITY for the initial marketcap, but then do not calculate them for the goal marketcap. Clearly it is obvious why this makes no sense. It is just padding the starting cap and reducing the goal cap with no actual progress. It's a trick.

The price started at 0.01, so logic follows that a tripling of marketcap means a tripling of price, as Supernet does not have an inflating share supply.

Now the above comments I'm responding to are not from jl777. So, I think we need an official statement from jl777 as to how this gets calculated and a justification for that. This should corroborate what was stated at the beginning of the IPO & not include any "funny" accounting like outlined above.

you are partially correct. I put in a lot of assets at below market and so I shouldnt have to triple the value of what I essentially donated, but the divisor is 90% of the total.

My calculation shows 0.0234 as the threshold and really, not much chance of this happening at this point so no sense in getting all worked up about it.

However on the off chance that it happens, I would like to share the bonus with everyone that has helped SuperNET to get to where it is. There are 300+ people in the SuperNET slack now, a large number of them working really hard and while I was critical to get the SuperNET started, already I am becoming a small part of the big picture.

I expect some large controversy over how it will be split up, but I think giving everyone in Slack the ability to allocate some part of the bonus would be a decent way.

Something like, we rank everyone's contribution according to a sliding scale. Maybe simply the number of posts in Slack, or hours worked, or servers contributed, etc. So, maybe 5 categories of people, each with a different wt and they can allocate a proportional amount of the bonus to 3 to 5 people, using open voting.

Tally it up and distribute out the SuperNET.

What do you think?

James

[jl777]

Well, seems to me there is not much point talking about how much %  it should be. A deal was made, that is that.

What is important is to get out in front of the upcoming deadline with clear communication about what the exact threshold is. The market is looking good right now; it would be a shame if this sort of uncertainty begins to affect that. Jmho.

Thanks for your support and very good suggestion!

Hopefully my post above will clarify things

James

[whetherman]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

Okay. So 573715.89 UNITY were bought/created during ICO @ 0.01 btc per. That puts the initial market cap at 5737.1589 BTC. Then there is the 10% non dilutive incentive bonus for jl777 (5% for each goal, x3 this 2014 and x10 2015). Now if these extra 10% get counted to the initial marketcap (actually 8160.61 BTC) then they of course must be counted to the goal marketcap, which means the x3 goal is 24481.83 BTC.

Then logic clearly follows if these 10% UNITY do not count in the initial market cap, they don't count in the 3x calculation either. This puts the initial marketcap at 5737.1589 BTC and the goal marketcap at  17211.4767 BTC.

What does not get done is: Calculating the 10% UNITY for the initial marketcap, but then do not calculate them for the goal marketcap. Clearly it is obvious why this makes no sense. It is just padding the starting cap and reducing the goal cap with no actual progress. It's a trick.

The price started at 0.01, so logic follows that a tripling of marketcap means a tripling of price, as Supernet does not have an inflating share supply.

Now the above comments I'm responding to are not from jl777. So, I think we need an official statement from jl777 as to how this gets calculated and a justification for that. This should corroborate what was stated at the beginning of the IPO & not include any "funny" accounting like outlined above.

you are partially correct. I put in a lot of assets at below market and so I shouldnt have to triple the value of what I essentially donated, but the divisor is 90% of the total.

My calculation shows 0.0234 as the threshold and really, not much chance of this happening at this point so no sense in getting all worked up about it.

However on the off chance that it happens, I would like to share the bonus with everyone that has helped SuperNET to get to where it is. There are 300+ people in the SuperNET slack now, a large number of them working really hard and while I was critical to get the SuperNET started, already I am becoming a small part of the big picture.

I expect some large controversy over how it will be split up, but I think giving everyone in Slack the ability to allocate some part of the bonus would be a decent way.

Something like, we rank everyone's contribution according to a sliding scale. Maybe simply the number of posts in Slack, or hours worked, or servers contributed, etc. So, maybe 5 categories of people, each with a different wt and they can allocate a proportional amount of the bonus to 3 to 5 people, using open voting.

Tally it up and distribute out the SuperNET.

What do you think?

James

Super idea. You continue to impress.

[sempyper]

problem solved then i couldn't think of a better way to deal with this. apart from cash out some to fund professional media/advertising

[buybitcoinscanada]

What's the price Unity/BTC has to be in for James to receive his bonus?

.02109 btc

From OP:

Bonus plan for jl777

2 bonuses of each 5 percent of UNITY will be paid to James if the following conditions are met:

1. A tripling of market cap by the end of 2014.
2. A tenfold increase in market cap by the end of 2015.

The 3x Bonus threshold is 5737.1589 * 3 = 17211.4767 before end of 2014
The 10x Bonus threshold is 57371.589 before end of 2015

for nxt, big buy order at 290,
move on and good price.

Okay. So 573715.89 UNITY were bought/created during ICO @ 0.01 btc per. That puts the initial market cap at 5737.1589 BTC. Then there is the 10% non dilutive incentive bonus for jl777 (5% for each goal, x3 this 2014 and x10 2015). Now if these extra 10% get counted to the initial marketcap (actually 8160.61 BTC) then they of course must be counted to the goal marketcap, which means the x3 goal is 24481.83 BTC.

Then logic clearly follows if these 10% UNITY do not count in the initial market cap, they don't count in the 3x calculation either. This puts the initial marketcap at 5737.1589 BTC and the goal marketcap at  17211.4767 BTC.

What does not get done is: Calculating the 10% UNITY for the initial marketcap, but then do not calculate them for the goal marketcap. Clearly it is obvious why this makes no sense. It is just padding the starting cap and reducing the goal cap with no actual progress. It's a trick.

The price started at 0.01, so logic follows that a tripling of marketcap means a tripling of price, as Supernet does not have an inflating share supply.

Now the above comments I'm responding to are not from jl777. So, I think we need an official statement from jl777 as to how this gets calculated and a justification for that. This should corroborate what was stated at the beginning of the IPO & not include any "funny" accounting like outlined above.

you are partially correct. I put in a lot of assets at below market and so I shouldnt have to triple the value of what I essentially donated, but the divisor is 90% of the total.

My calculation shows 0.0234 as the threshold and really, not much chance of this happening at this point so no sense in getting all worked up about it.

However on the off chance that it happens, I would like to share the bonus with everyone that has helped SuperNET to get to where it is. There are 300+ people in the SuperNET slack now, a large number of them working really hard and while I was critical to get the SuperNET started, already I am becoming a small part of the big picture.

I expect some large controversy over how it will be split up, but I think giving everyone in Slack the ability to allocate some part of the bonus would be a decent way.

Something like, we rank everyone's contribution according to a sliding scale. Maybe simply the number of posts in Slack, or hours worked, or servers contributed, etc. So, maybe 5 categories of people, each with a different wt and they can allocate a proportional amount of the bonus to 3 to 5 people, using open voting.

Tally it up and distribute out the SuperNET.

What do you think?

James

You were compensated how many 10's of thousands UNITY for those assets? And still more meaningless saying you "gave" them for free or below market value when they are fantastically shallow markets on totally unproven assets. I think you are doing good work, but lets not be silly James. You created a bunch of assets that had and still have no present function, make a bunch of promises about them, toss them onto an ICO that investors piled 6k BTC into and take a sweet piece of the pie. Additionally, the non-dilutive aspect of your bonuses makes this piece of the pie much, much larger. And now we are going to play with numbers and say 2.34x is 3x. On top of this, you continuously remind us that you are becoming everyday diminishingly important to the process, progress and future success of this whole thing. Please do not take my words to be cynical. I am just calling something what it is in a blunt way. You are a visionary and prolific coder and laying a foundation for something amazing. If this all actually works out it will be a monumental feat. To repeat, I think you are doing good work if it all works, but lets not be silly and play games with the numbers.

Could you please show us how you came to the calculation of 0.0234 BTC/UNITY.

[whetherman]

Bud, give it a rest. James has been transparent the whole time. ICO investors did their due diligence, they do not need babysitting at this point.

[buybitcoinscanada]

Bud, give it a rest. James has been transparent the whole time. ICO investors did their due diligence, they do not need babysitting at this point.

If you don't like the conversation feel free not to join it. This is a legitimate line of questions. How could investors do their due diligence if this information was not made clear before, during or after the ICO even up until now. It seemed to be clear. But now that the moment is potentially upon us things are seeming quite muddy.