Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 172. (Read 736808 times)
September 22, 2014, 10:46:53 PM
James great job ass allways.
September 22, 2014, 10:41:56 PM
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?
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?
No you got it right. Some thought it was too good to be true. Those of us who knew James invested big.
September 22, 2014, 10:24:27 PM
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
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.
TOKEN assets holder need to send TOKEN to jl777 for New SuperNet.
So all TOKEN assets will be collected and for subsequent Genesis sending or other methods.
so it is possible NXT AE TOKEN purchasers will have to transfer their TOKEN to a redeem address to get the SuperNET asset
James
September 22, 2014, 10:22:43 PM
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 a reasonable valuation is 3x NAV, but if everybody who would buy has already bought, where would the aftermarket demand come from? As most of the core SuperNET owners will be long term HODL, as people discover all the contributors to the SuperNET valuation, the demand will come in from the people that were on the sidelines, or not fully invested.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.
My primary reason for doing this is not to maximize my personal ROI, but rather to maximize the ROI for the people who bought TOKEN.
Just like all the people that bought my other assets early and BTCD, the ones that spend the time to fully understand or put their trust in me, these are the people that will get the biggest ROI. Long term the NAV based valuation will diminish in importance, and the amount raised the potential for some nice ROI exists.
there is a graphical display being worked on like http://www.nxttechnologytree.com/
James
September 22, 2014, 10:15:20 PM
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
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.
TOKEN assets holder need to send TOKEN to jl777 for New SuperNet.
So all TOKEN assets will be collected and for subsequent Genesis sending or other methods.
September 22, 2014, 10:09:12 PM
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?
September 22, 2014, 10:06:41 PM
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.
there is a team working on the "financial GUI"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.
there is enough funds raised as it is, I am not needing to maximize the funds raised
this also makes it easier to give the people who invested a better ROI
like you say, just by documenting it clearly the price will increase
James
September 22, 2014, 09:41:38 PM
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 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.
September 22, 2014, 08:56:58 PM
Do token holders on Bter need to do anything to convert to Unity, or will that happen automatically? Sorry if that was answered before.
automatic September 22, 2014, 08:54:20 PM
Do token holders on Bter need to do anything to convert to Unity, or will that happen automatically? Sorry if that was answered before.
September 22, 2014, 08:23:37 PM
I buy 2000 token just for jl777 .
September 22, 2014, 05:35:25 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
Yes you can
https://trade.secureae.com/#15641806960898178066
looks like it's already being traded there, I thought this was an ICO?
The offering from "Asset Issuer" is james. But, there is nothing to keep others from trading token at this point. It is those that trade it after superNet is issued that I would question. Unless they are trading for dust just to collect it for posterity sake.
so to get in on the ICO go here: https://bter.com/trade/TOKEN_BTC
I really don't get the dust comment, I guess I have tons of research to do to understand what any of this is about....
Dust is just a word for a very small amount. With BTC small amounts like 100 sat and less are just "dust".
September 22, 2014, 05:03:37 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
Yes you can
https://trade.secureae.com/#15641806960898178066
looks like it's already being traded there, I thought this was an ICO?
The offering from "Asset Issuer" is james. But, there is nothing to keep others from trading token at this point. It is those that trade it after superNet is issued that I would question. Unless they are trading for dust just to collect it for posterity sake.
so to get in on the ICO go here: https://bter.com/trade/TOKEN_BTC
I really don't get the dust comment, I guess I have tons of research to do to understand what any of this is about....
September 22, 2014, 04:58:42 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
Yes you can
https://trade.secureae.com/#15641806960898178066
looks like it's already being traded there, I thought this was an ICO?
The offering from "Asset Issuer" is james. But, there is nothing to keep others from trading token at this point. It is those that trade it after superNet is issued that I would question. Unless they are trading for dust just to collect it for posterity sake.
September 22, 2014, 04:55:32 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
Yes you can
https://trade.secureae.com/#15641806960898178066
looks like it's already being traded there, I thought this was an ICO?
September 22, 2014, 04:50:10 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
You could also just login to your normal NXT account on secureae and buy them that way as well.
September 22, 2014, 04:40:40 PM
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://bitcointalksearch.org/topic/m.8916442
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://bitcointalksearch.org/topic/m.8916442
At what point supernet is received in the nxt account?
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
Thanks James
September 22, 2014, 04:23:08 PM
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
James
That is a good point.
Forgive me from being obtuse one more time. What is to stop a malicious node packaging up a transaction that only routes to himself (or other malicious nodes he controls), such that at every layer of the onion except the last hop he's simply sending via himself? If you were curious about the owner of a particular account, would that not short-circuit much of the privacy effect?
this is why the 100+ public privacy servers are needed. to shield the private nodes from such query/response attacks. but some nodes have to respond to generic queries as if all nodes went dark, then nobody would be able to communicate with anybody else.
if you are using a loopback privacyserver and do not disable autoresponse, then if your private acct can be linked to your loopback server, then this leaks your IP, so I do see a need for hardened privacyServer vendors that will provide a shield against such things. But this is all up to the user to configure. what a server does not know cannot be divulged. so the really cautious would only be accessing the supernet via an acct that is not published anywhere.
Thank you.
I will be quiet now.
there is only so much that can be automated
ultimately the user will need to be using common sense or his privacy is lost
you can after all just post all your acct details and this is something that has no protection possible
September 22, 2014, 04:22:22 PM
sorry for dumb noob question, but if I want to buy SuperNET before the end of ICO I could just transfer some NXT to my account on https://trade.secureae.com and buy "token" there?
Yes you can
https://trade.secureae.com/#15641806960898178066
September 22, 2014, 04:12:16 PM
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
James
That is a good point.
Forgive me from being obtuse one more time. What is to stop a malicious node packaging up a transaction that only routes to himself (or other malicious nodes he controls), such that at every layer of the onion except the last hop he's simply sending via himself? If you were curious about the owner of a particular account, would that not short-circuit much of the privacy effect?
this is why the 100+ public privacy servers are needed. to shield the private nodes from such query/response attacks. but some nodes have to respond to generic queries as if all nodes went dark, then nobody would be able to communicate with anybody else.
if you are using a loopback privacyserver and do not disable autoresponse, then if your private acct can be linked to your loopback server, then this leaks your IP, so I do see a need for hardened privacyServer vendors that will provide a shield against such things. But this is all up to the user to configure. what a server does not know cannot be divulged. so the really cautious would only be accessing the supernet via an acct that is not published anywhere.
Thank you.
I will be quiet now.
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