WARNING
SuperNET appears to be an investment fund in altcoins. It is also a technology to enable the nodes of the participating altcoins to interact via common services of the SuperNET.
This is the wrong strategy. Users want simplicity not complexity. James adds layer upon layer of complexity.
This does not provide the correct economic motivation for participating altcoin developers, as it will encourage them to create one-feature shitcoins that get bought up by the fund when they are approved as participating coins.
The anonymity design is disorganized babble that doesn't even for example address DDoS among other relevant technological issues.
Thus these projects should be treated as greater fool investing speculations. Make you sure you sell at the peak on the frenzied race to buy in, because the price will later drop like a rock as did NXT.
SuperNET appears to be an investment fund in altcoins. It is also a technology to enable the nodes of the participating altcoins to interact via common services of the SuperNET.
This is the wrong strategy. Users want simplicity not complexity. James adds layer upon layer of complexity.
This does not provide the correct economic motivation for participating altcoin developers, as it will encourage them to create one-feature shitcoins that get bought up by the fund when they are approved as participating coins.
The anonymity design is disorganized babble that doesn't even for example address DDoS among other relevant technological issues.
Thus these projects should be treated as greater fool investing speculations. Make you sure you sell at the peak on the frenzied race to buy in, because the price will later drop like a rock as did NXT.
Please explain me how do you want DDoS a decentral system ? The whole idea about crypto currency is that it is a decentral system not like the FIAT one. The only thing you can DDoS is Central Exchange system as far i know is Supernet part of NxT exchange system which is already decentral and leaves the Attackers no chance for them to do anything.
There are always security concerns in any system. It's not unreasonable at all for people to question such things in my opinion. As long as the operating funds are available to fund external code audits and security consultants, I'm pretty sure James is intent on making use of such resources. A lot of this is probably contingent on people voting for the resolution to receive the set of assets in exchange for the expansion of funding. Even without the additional asset add offered by James people should be willing to vote for the expansion of James' operating funds regardless. 50 BTC isn't going to cut it for a project of this magnitude and I think anyone would agree with that assessment. The fact that he's offering the asset bundle is just a big bonus for shareholders.
