Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 204. (Read 736808 times)

anything is possible

Words are important. One word that keeps coming up is "access." Users of SuperNET will have access to the features of other coins, and access to a fiat gateway. Developers and users of these coins will have access to a much bigger, more diverse market. (See the recent posts by Este Nuno, valarmg, and torshammer, who each use precise language to describe SuperNET.)

One word that comes up on the criticism of SuperNET is "control," but this is in error. James is not seeking and will not have control over any of the internal workings of these coins (except for BTCD, for which he became core developer prior to SuperNET). These coins will not be granted control over any of the interoperabilities enabled by SuperNET. Advertisers will not be granted any control over the functionalities or appearances of any aspect of SuperNET.  

it's ok, if some srmember wants to commit reputation suicide in an effort to slow down the SuperNET, this is his choice. SuperNET peoples are smarter than the average thread, by quite a lot as can be seen by the thoughtful logical responses to troll's "power" punch of calling SuperNET a fad.

The analogy of SuperNET as the highway system, including toll booths, shopping malls, gas stations, basically everything that is useful and people would pay money for, is quite a good one. I am glad the troll came up with that "attack", I think it made it clearer to many the power of SuperNET. This highway fad we have had for cars is lasting quite long

We are moved to this "Marketplace" section in BTT so we are not being seen and this is the extent of what the enemies of SuperNET can do. They try to prevent others from finding out about SuperNET. They try to convince people SuperNET is anticompetitive.

SuperNET needs intelligent assetholders with conviction. The assetholders will be part of the SuperNET itself. The ones that decide which direction the SuperNET goes. so, we do not want the below average peoples with this power. Let the trolls make the confusions and convince the people who are not convinced, this is fine too. Without conviction, intelligence might know the answer, but it will lack the action needed.

observe
understand
take action

James

SuperNET should have all the useful features the crypto universe has to offer, but this can also include services from websites and even a centralized exchange like bter!

This is why I keep saying SuperNET is not a coin, it is not competing with a coin anymore than the highway competes with the car manufacturer.

coinomat and bter are making SuperNET GUI versions of their websites and from within the SuperNET GUI most (probably not all) of their services will be directly accessible. bter will be revenue sharing the trade commissions generated by the SuperNET.

I am now being approached by many businesses that are hungering for the big traffics the SuperNET will have. It is like a big highway system with not so many shops at this point, so if you have some great website appropriate for the SuperNET users, then PM me. We can use the NXTventure model for early stage companies or a simple revenue sharing model for existing companies

James

 I think you know from the beginning what this is , and coming here as normal and then little by little twisting, mind games, you said you are not a troll but little by little we see...mind games

If you think I am going to let any pump and dump coin into the CORE, then you dont know me very well.

I have made many warnings to people that if I am not announcing a coin's inclusion into SuperNET, then their announcing of SuperNET inclusion is either false or meaning that they are adding SuperNET access to their coin. This usage of SuperNET is allowing for 10x increase in the userbase and benefits the SuperNET and also the users of these coins.

I hope it is clear that the SuperNET has many levels of integration

James

you are very close in your assumptions. The details are always improving, like there can be many paths to take on the highways to get to your destination.

Please do not equate SuperNET to myself. Unless SuperNET is achieving Top5 coinmarketcap I will have 1.5% or less of the SuperNET coins. And when these are PoW coins that continue to mine, this percentage it is shrinking anyway.

There is no assumption of coin communities to "play fair", only that their tech works and is able to be part of a function the user wants to use. If it doesnt work, I dont imagine users will use it very much.

The google analogy is a good one. People will be able to see what the other SuperNET users are using and this would allow for the most popular to rise to the top of the listings. Still, nothing is forced, just ranked.

James

The coinomat thing is interesting too and I didn't even know that James was planning on including that service in the superNET. That means there will be a direct fiat gateway usable right there. I'm thinking that with coinomat there the superNET GUI will be able to handle 100% of all your crypto transactions now unless you happen to need to use some other fiat gateway.

Also coinomat has XUSD. Not sure exactly how this works, but I've noticed it trading on Poloniex. Could have some good potential there depending on how it works.

Do you think it would be possible for SuperNET to have some sort of plugin into OpenBazaar?

Great, it's much clearer to me what you are hoping to achieve. I will buy tokens now. It's limitless 

I have no authority, I do not want any authority.
I want to give people choice. They can choose to use SuperNET or not. If they use the coinomat service via SuperNET, then coinomat will be sharing revenues with SuperNET. There is no need for any authority over the coin for this.
I also have ways to reinforce the paying of 1/1024'th of the trade size in InstantDEX, however somebody can certainly fork all of SuperNET, convince the vendors and other coins to join, this is opensource

The one thing that SuperNET will always have that no other copy will have is the funding that is raised and me. Maybe this is enough to make the network effect. If so, then the TOKEN owners will be quite happy. If not, then there is at least all the BTC+NXT backing it as a floor value.

James

It is too bad you are impatient to make a decision based on incomplete understanding, but this is OK. SuperNET is not for everybody

James

Now we are hearing some use cases of SuperNET I did not think about. This is exactly what I hope for. The possibilities for SuperNET is limited only by the imagination.



The above is a work in progress GUI, to give some visual context. It is HTML GUI so really anything that is possible with HTML is possible to do. With the variety of services that are expected there will most likely need to be some sort of summary page and then you select which service and just use it. All in a single GUI to create a seamless user experience.

GUI skills are very weak in me, so if there are people who are good with GUI, then please the suggestions are most welcome!

James

I remember at the very beginning of this year, the trend was "ASIC Resistance".  Coins were competing to have the "best" algorithm.  Then it moved on to the trend of "anon" and again, coins were competing to have the "best" anon.  All of these trends will continue to happen, but that also means people move on from one trend to the next and crypto in general ends up not really going anywhere.

This is why I believe SuperNET will truly have long term potential as compared to everything else that came before it.  It doesn't try to be the best in anything, but rather, it combines the best of everything.  It's an incredibly novel and brilliant idea.  And it has a person (jl777) with a lot of brains and influence behind it to make it all happen.

The fund part of SuperNET is just one of four major parts of SuperNET
https://forum.thesupernet.org/index.php?topic=41.0 has a summary

If SuperNET is for cars, it would be the highway system. The highway system is not a car, but it helps all car manufacturers by making cars more useful. This will of course make the car makers more valuable, but the highway system, it has some automatic toll booths where some small amount of fees are charged when it is used to the drivers. There are also advertising billboards that Coca-Cola pays advertising for. We cannot forget the restaurants that make the meals for the hungry drivers, they are also sharing some of their revenues with the SuperNET.

20% of all these revenues are then shared with the car manufacturers proportional to their contribution, so investing in the highway system is also financially helping the car company.

James

P.S. I am trying to make analogy and the above is not precise.

Says the guy bagholding all of those said coins.   

SuperNET is very selective. All these hypothetical coins you're referencing will not be a part of superNET. It won't be easy to become part of the network. So far the only confirmed member other than core member BTCD is BBR. And BBR is a coin that's been out for a while and currently has the best transaction anonymity in crypto, as well as a developer widely regarded to be one of the best in the space.

The coins that are a part of superNET should benefit from increased user base and increased usage. Theoretically there shouldn't be any downside to joining superNET in the long run once it's fully developed and secure. Joining superNET will be a motivator for new coins to develop new and unique technologies that can provide value and earn themselves a place in superNET.

i hope great new underestimated coins like XCR , SYS, NODE will find their place under SuperNET  ''umbrella''

that is my understanding of the link between coins in superNET.

as far as SuperNET or Unity Investment. Here is my opinion:

SuperNET will bring revenues if all these coins work together successfully. It seems like the more coin community join in the more revenue they will get from ads and transactions fee.

SuperNET will be a controlled service. while not controlling each coin marker it could regulate a lot of features fees. Where it us higher or lower.

If a lot of hard work is put into it i could see SuperNET investment grow. But it will be at the cost of all the coin that join. And as mentions the more coin with the bigger the communities the better.

since a lot of coin are using Supernet hype to try to hype their prices , once supernet opens their doors to more coins they will get a lot of coins signing in. Especially the new coins lunched for pump and dumps.


therefore i see invesmtent returned good at first , but then JL has to decided if it will take the harder path and make sure no community uses them for pump and dumps , or the easier path. allow any coin to coin and profit from the pump and dumps and have a graveyard of dead new coins.

here is how i understand it.

there will be two groups of coins. The big guys and the normal ones. The big guys will be the "core" and the normal ones will be the ones looking to use the core features.

the "core" coins will be selected based on the unique feature that they can offer. this is my opinion. maybe the dev will chose from other features. but mainly i see the, being something that will be used by most of the coins.

the normal coin should be ones that show great volume in market and future plans. They will be most likely made of not many compelling features and it will not be expected to have features that other coins will use.

Basically the core coins will profit from the normal coins using their feature. The normal coins , being linked up with the core coins , they will benefit using the core coins feature. Think of a copypasta coin joining. all of the sudden they can say that their coin can now send coins out with annon features.

it is hard to understand what and how they normal coin will have to go through to use the annon feature. Let say a normal coin caller NORMALCOIN (aka NORM) and this coin has joined the superNET. To me , the way i see it so far is that , the jLlibrary will link NORM with NXT feature. especially the exchange. NORM coin will be linked with the same exchange as BBR coin that has the annon feature.

now let say i have a friend who i want to send 100k NORM but i want to hide this exchange so i want to use annon feature. I guess i put in the send info (my friends addres and amount) then open an other tab and select annon feature. and send the coin. after certain of times my friend will recieve the NORM coin that came via Annon transactions.

Now here is what i am having trouble to see so this is also my guess. In the back end. Norma and BBR are connected to the same exchange thanks to NXT. I believe when i send my coins , in the back end my coins with auto sell via a bot scrypt , to the highest buyer of NXT. then these nxt will be used to autobuy the lowest sell order of BBR. These BBR will be send to my friend accounts therefore utilizing the annon feature. those BBR coins will autobuy the first sell order of next. then the next will auto sell to the first buy order for NORM coin and these NORM coins will finally we seen in my friends wallet. 

Maybe it will not use NXT coins but it will go straight into NORM>BBR >>send BBR coin>>BBR>NORM>>receive NORM

There fore Core coins will gain from people utilizing their features and normal coin can gain to use features that they do not have.

again , that whole process was my understanding of it. If it basically the way i understand it than this model goes to benefit the CORE coins more. JL has mentioned that normal coin users can choose not to use the features. The normal coin will loose coins as they go through these process due to the spread of the trades but i am sure with proper marketing this will not be bad. Example. send NORM coins with tiny fees. Send NORM coin with SuperNET feature and it will cost you %0.30 fees.

I am sure some people will not mind paying a fee to use features.   

Overall the idea is nice but it expects every coin community to play fair.

there is an other thing i havent understood well exactly. Before any coin is added JL has to buy or be given %10 of all the coin or something. I don't understand how that is justified. one person should not own %10 of any coin.