Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 176. (Read 736808 times)

So, about the vote and the bonus.  Going to phrase it a bit differently and ask James to confirm my logic.

As I understand it, we are essentially voting on whether or not to use 10% of the assets collected from the IPO to reward SuperNET holders in two separate 5% increments as described in James' post.  I assume this bonus is meant as encouragement to hold the UNITY asset and work towards total NAV growth.  A bit of back of the envelope math.  Someone please correct me if this is way off:

If we are looking at approx 500k UNITY at around .01 btc each should give a the SuperNET asset a total value of around 5000 BTC.  5% of this would be 250BTC.  If we assume asset value is the same as today when the bonus is paid that's .0005 BTC per UNITY share (250/500k).  If we assume that the asset value is 3x what it is today when the bonus is paid in early 2015 (not totally unreasonable since the UNITY price would need to have tripled for us to get paid) then that's .0015 per UNITY.  Likewise in 2016, if we assume the assets are worth 10x, that's .005 BTC per UNITY.

So, if we assume both bonus payouts are triggered, the total payout would likely be between .001 (10% of current asset value) and .0065 (10% of an asset value that is worth 3x and then 10x more than today).

So for every 1000 UNITY, the total bonus payout if both goals are hit could be between 1 and 6.5 BTC.  Definitely good encourage to HODL and work towards adding value to the ecosystem.

I gladly vote to approve the bonus.

1984 is already here...has been for some time

hopefully cryptos are a viable solution

Coming soon to a bank near you

http://www.bbc.com/news/business-25861717


We are dangerously close to a society in which we have no control over our hard earned money.

This is why I support BTCD, SuperNET, and crypto in general.

We need a treasurer to track the spending of the 1%, calculating TOKEN NAV and placing buywalls and in general making reports on the various SuperNET accts.

I nominate noashh for this. He has proven his dedication to SuperNET and my other projects over these months and I have trusted him with significant funds. Not quite as much as the 3% would be, but I will vouch for his trustworthiness and in the unlikely event he disappears with the funds I will repay SuperNET from my personal funds.

If there is anybody else that wants to be treasurer, plz post your application.

James

P.S. The 3% is the 1% discretionary fund, 1% BTC NAV buywall on bter and 1% NXT NAV buywall on NXT AE.

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

reject would mean as originally specified. 10% dilution to me in exchange for my assets. no working capital and no bonus for achieving 3x and 10x and a disappointed jl777

So the difference between accept and reject in the case of less than 3x is whether SuperNET has 10% of assets available to use for coinswaps and the ability to raise more funds in the future. All this working capital will belong to the SuperNET so it is not dilutive.

James

What are the current terms, ie, if the reject vote wins, what will the terms be?

I was involved in this issue... So please accept my apologies also and come back to post!  

Reading this whole post took me a couple of sittings (and hours) ... but after I finished and got up with a basic understanding of SuperNET, a popular tune stuck in my mind that goes "with a little help from my friends"
Would this be part of the message that James is trying to convey?  

Sincerely,

Rodrigo

Then that problem just got quite a lot bigger.
I guess it's a good problem to have.

I concur 100%.


Yes: it's a lot like the Internet around 1994 or so. Back then, from what I've been able to reconstruct, the Internet itself was a real Wild West that came with a lot of perils - vicious viruses, for one - that advances in technology have largely eliminated. Also, the Internet was a lot less convenient to use (safely) back then than it is now.

Any old-timers 'round here remember the days when everyone in the know considered clicking a link you didn't know or verify to be a plain folly? The days when you had to pick your spots in the chatroom or else some yahoo would whip up an automatic-send script that would spam and clog your Email account?

Ah my bad somehow i didnt read the bolded part

every wallet is a node

every ordinary user will have to use a privacy server
i assume most will use their own computer as the privacy server
so each user will have a private node and a loopback privacy server
this means 100,000 private nodes, 100,000 loopback servers
to have a reference set of public IP addresses that are always there, there will be 100+ community run public IP privacy servers
so 100,000 private nodes, 100,000 loopback privacyservers, 100 public IP privacyservers

onion packets will bounce around all the privacyservers loopback or public IP

I did not know of bitcoindark when it was started, I only joined a week after it launched as they were asking for help from the community.

I am working on tech that will make it very difficult to be stolen by using larger M of N fragments. What that means is that if you have M of the fragments you would be able to reconstruct it. So with N of 5 and M of 3, you can put these 5 fragments in 5 different locations, including 2 that are very hard to get, eg. bank vault, trusted relative far away and have 3 that are readily accesible, eg. on your computer, one USB stick, third part from online encrypted storage. Something practical like that so even if you lose 2 of the fragments, the backs in storage are allowing recovery

I miss CECVW. He was very funny with his stories and I miss him. I dont think he was kicked out, just some people thought it strange about the hero worship. I am no hero and I dont really want people to be thinking of SuperNET as me as it is from the community that SuperNET will get its power. I also believe in freedom and CECVW is certainly free to put whatever he wants in his tagline.

As far as scam assets go, it is a danger and the only solution is for everyone to be very careful as to the issuer and asset ID. Also, unless I am making a specific recommendation (with asset #), then please make sure you are 100% confident in the accuracy of the info and in the issuer. I see that many people are trying to copy my market moves and blindly buying anything I am mentioning without proper homework. this is not a good plan. If you want to mimic my market moves, just buy JLH or sharkfund0 or SuperNET. you will get the same returns as I am getting. There are certainly many other asset issuers, but just be careful.

By the end of this decade, money will be viewed quite a bit differently than now by the mainstream. We are just at the beginning of the transformation process.

Decentralization is the key to a lot more safety. However, crypto is not ready for the mass market yet, we are still working out all the kinks. In a few years though, the crypto solution will be quite easy to use for everyone and the safest way to deal with money. when the banks are holding your money and the govt says withdrawals are not allowed anymore unless it is less than $50/day, then people will realize just how safe their money in the bank is.

James

Its ok I forgive you

Someone convinced me to come back

it is very unlikely that 1:1 ratio will hold
question is too complex to have a simple answer
in fact I have no idea what the ratio will be, or whether it will even be a linear relationship

valarmg will post the instructions, i think it will be as simple as sending anything to one of the above two addresses
if you bought on bter, there will be a separate voting page

Sorry for the possibly silly question:
How I can vote (bought my tokens on AE).