This is the most confusing thing I've ever seen and I'm no newb to the arena. I first started researching this on Friday, but since then I've spent about a dozen hours on threads, reading whitepapers, websites, IRC, and your blog.
I understand the technology idea behind SuperNET - and I think its a good one, but you would have gotten a ton more money if you'd have bothered to explain the financial aspects much better. (Piecing together the NAV funding, the asset NAV funding, and the myriad of ways you expect SuperNET to generate revenue is frankly just a hot mess). It's so bad, everyone I've personally talked to about SuperNET has not invested because they don't understand it.
Moving into trading in two days, the best thing you can do to increase the value is take the time to explain the financial vision (funding and revenue) in detail. Better yet, have someone else do it. Sometimes, when a person is living and breathing a complex idea it seems so fundamentally obvious that they just can't explain it well. We need single, concise document that explains SuperNET in its current incarnation in a ELI5 capacity.
I hope some of you who know James well and are invested in his vision can take the time to do this for him. I would volunteer to be involved, but I'm not really even sure where to begin. Every time I think I get the gist I read something that casts doubt on my basic assumptions - as evidenced by my own posts in this thread. I'm of course happy to contribute to the discussion though.
To close, I've invested 6.5 BTC into super net, but I would have gone much bigger if I felt like like I fully understood the financial aspects of it. I *know* I'm not the only one who feels this way. Lets get something out there that explains the vision in detail before we start to trade on Thursday.
I think, I understand what supernet will be - a combination of funds and metacoin/asset. But I am also dev (erp, not crypto), so it is easy to understand the language and the drawings.
I am convinced, that this will be a great leap forward for crypto - combining the advantages of several coins and assets/projects for the benefit of the user. I am in
Maybe an explanation for non-devs would be useful
That's about right. It's a fund, backed by crypto, which also includes diverse revenue-generating assets. So the downside will always be protected by the value of the crypto held - at time of launch probably ~5000 BTC - and the upside, well... who knows? Some of the profits will go to coin communities to invest in new tech. Some will go to asset holders. So network effect, collaboration, investing in and rewarding innovation are key to SuperNET, and the great thing is that this behaviour - which crypto sorely needs - is incentivised by the business model.
UNO_owner, if you have specific questions, please ask them and someone will try to answer to your satisfaction! One of the problems is that this is very fast-moving and there is no way of predicting certain income streams, especially as more services are being added over time.
For example, I think the SuperTraders and PrivateBet will be quite lucrative, but there's no way of knowing how they will perform. We will have early indications about the SuperTraders in a week or two I guess. They will be generating the first profits. PrivateBet will not be launched for a while, but it is a proven market. Then there are things like Ad revenue, which should be more predictable once things are up and running. Atomic... totally unknown quantity.
I'm not a dev, or a financial guru, and I know that nothing is certain in life or investment (let alone crypto), but I've taken time to understand this and I'm very excited by the idea. Like some of James' other projects - Teleport springs to mind - it's actually really elegantly simple at its heart. You just have to wade through a lot of complexity to get there
