Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 266. (Read 736808 times)

if you are not comfortable in any way at all, please do not invest. If you are believing in the cause a donation up to 1 BTC would be appreciated.

I have posted my response about applying fiat rules in crypto. If you are wanting fiat rules, then there are plenty of fiat investments backed by the full power of the fiat legal system and this guarantees that all fiat investors are protected and nothing will ever go wrong.

In crypto, everything is a risk and the ones who make the right choices make disproportionate returns.
This will not always be the case, but it is for now

James

I am working with HumanFractal and DomP on a distributed solution. The basic idea would be as follows:

using 2 of 3 (in reality probably bigger numbers will be used)
I would have the emergency backup key, I dont want to be needed for every tx!
freeworm would have one of the keys needed
there will be a pool of N trusted people from the NXT, BTC and BTCD communities who have the third key

Each block of X BTC would be put into a multisig acct
so X would be approx net BTC / N, where net BTC is after the 1% for costs, 10% for supertraders and some amount that is not an issue for bter to hold and I like the looks of Xapo and even Coinbase for some 10% level amounts. All tx will be publicly documented.

I posted the disbursement procedure a few pages back (I hope noashh will make a convenient page with all such things in one place) so when there is a disbursement needed, the approval is posted and the first of the N trustees who is available would do the payment tx.

If I appear to be taken over by aliens or appearing to be a monkey, then the community can raise an objection before disbursement is completed. However if it is a disbursement within the prescribed authority, the trustees are honor bound to release payment.

Now I know people from NXT and BTCD communities, but not so many from the BTC world itself, so I really need some help in getting this list of trusted members. I cant be the one to coordinate this list as there needs to be arms length between me and the trustees, so somebody else has to step up to coordinate this effort. The list will be vetted by the community and if there are any credible objections, then that would probably be enough for rejection.

Anyway, this is something I just started today so I apologize for its rough state, but the key is the selection of the trustees. I think people would feel much better if the trustees are significant stakeholders in SuperNET, but this is no requirement. We might need quite a few so, the sooner we can start this selection process the better.

First we need a responsible hard working person to coordinate this that is not currently already saturated.

James

P.S. if you are not comfortable with bter holding the funds for 2 to 4 weeks, just buy in the last hour it will be well know what the expiration hour is and we can make much larger volumes available the last hours if this is an issue

It's about $5 million. I think we've approached peak-James, and I'm afraid of heights especially in light of this:

what is the expected discount for buying on bter with NXT, compared to on AE with NXT, just a rough estimate? (i.e. the price of less risk from not trusting bter to keep tokens safe before the token is converted to asset).
thanks

wow 10k BTC that is alot of money. i ain't seeing my money double quick so i am out good luck.

Don't jump on a thread and insult everyone by calling them greedy or accuse them of not having due diligence. And then to top it off hope for everyone's down fall.

Charming.

James, a tough question, but what is the contingency plan if Bter goes belly up after the sale? It's a serious project you're undertaking, and you need to provide insurances of sorts to investors. You said you were looking for escrow for funds that investors channel to Bter, is there any progress in there yet? One can never be too paranoid about centralized exchanges. Obviously, buyers at NXT AE can feel more secure in this force majeure situation? Or not?

please follow the advices on being able to sleep soundly.
this is the only way you can HODL

let us be nice.
he could actually be just too lazy to read, I do tend to write a lot of intricate details and rather quickly. This might indicate to some that I am not some monkey and my claims of having written of ~40,000 lines since March might actually be true.

James

http://en.wikipedia.org/wiki/Keiretsu

The assets represent ownership. proxy assets like JLH are to perform a single-throw multiple pull function, eg. buy one asset get two dozen. It is a convenience thing and like a sector fund, so you dont have to research all the assets to know which to buy. It wont get the best ROI compared to a single asset, but it also wont get the worst. It will get the capitalization weighed average

I am estimating year end to be done with debugging of all except Privatebet. most of the coding for the rest is done. I can only point to MGW for a project I have completed in the crypto space.

Since you are comparing SuperNET to ponzi, it is clear you dont understand it is asset backed. So when you actually understand something about SuperNET, then I would be happy to answer any specific questions you have.

James

                                         

I understand you have quite a lot of projects under your belt. I just wanted to understand how things stack up. I will try to dig up your structured project post.
In any case, just for the fact that you are making an effort to answer every post, I will invest whatever meagre btc I have.

                                 

bter will be able to pass through any and all dividends. I will delay dividends until they are ready, but it wont take them long.

not sure if you saw my post about "on demand dividends"
next year I want to switch to that method so each asset holder  can decide when they want to receive their dividends. To get this to work via intermediary will be a bit tougher, but I just thought of a way it can be done, so we can delay this feature until it is working natively within NXT and also via bter

not sure what percentage of your portfolio that is, but make sure not so much that you have to watch the price all the time. If you are finding that you have to watch the price because it is so much money, then it is too much. You wont be able to sleep well and this will make it nearly impossible to make rational unemotional decisions. Once you become emotional, you might as well send all your trading acct to charity as it will soon be gone.

This is some good advices and I hope everyone to follow it. Do not be greedy to make as much money as fast as possible. If you are thinking like this, then the first time something is not perfect you are already thinking of selling and if you are not sleeping from the worry, then how is it possible for long term HODL. Unless you have a professional trading background, then HODL is really the only way for making money in crypto. Now, it is never too late to learn. http://www.nobrainertrades.com/ is a great site to learn about trading and you will see the amount of effort that is needed. If you want to become an active trader crypto is a very good place as it will like riding that crazy bull and very good practice, plus usually the trading fees are just a percentage regardless of order size. In the real world, there is usually some fixed fee plus commission. Even $1 is big percentage of a small bankroll. So with crypto you can practice with 0.1 BTC until you are making solid profits and no emotions. Then you can keep growing this and gradually adding more capital to it

Part of what I want to do is help people to make good tradings. I hope I am of some help

James

first difficult query to jl777 (or FUD if you may) - How is it that what you are doing is not akin to a Ponzi? The way I see it, you have too many of the "this invests in another asset" kind of assets. You have sharkfund0 which invests in your own assets, now you have jl777hodl which again is made of assets you issue and now Supernet.

So basically you open an asset, then open another asset which invests in the last one and then another which invests in the last one + 1, thereby building a chain. This along with a rather longish development cycle - till Dec for coding if I am not wrong + 6 mths to settle - 10 mths -- a really life long time, yep, nothing can go wrong here. Given the normal BCT crowd who greedily latch onto IPOs without regard for due diligence, this is a perfect fodder.


I wish you luck and hope you raise 10k BTC. So that once this goes belly up, people on this forum had learned their lesson.

I have read your whitpaper,quite impressive and much information.i will invest and good luck with this project!

James, just to confirm once TOKEN is exchanged into UNITY and after a month or three (depending on a time scale yet of your choosing), will dividends be paid per share into account holders on Bter?

Sites like    https://cryptostocks.com  and  https://www.havelockinvestments.com  both have trading platforms and dividends are paid on certain days depending on what stocks you hold. The time of day is not important, whoever is holding shares on that day gets the dividends (mostly BTC) paid into their accounts.

Do you know if Bter can do this and will they? And if not will they be able to in time for first dividend payment?

Thanks in advance.

PS: I now you have touched on this, but you have not confirmed all this yet.

i you had the strength to HODL, then you have earned the 100x BTCD has gotten since I arrived there!
What people dont realize is that crypto trading is very difficult, even for me. But crypto investing (HODL) is quite simple. Think of who is having more money. The people that are trading BTC since 2012 or people HODL all this time? Or from 2009!
Few traders would have been able to survive the volatility of BTC and not get wiped out. short of a professional trader with years of trade discipline. It is like those crazy bulls you see in the some bars. I forget the name of this device, but nobody is able to hang on for the long time. Active trading is like that, so easy to get over confident when times are good and make careless trades, so easy to get depressed with a big loss and selling too soon, so easy to be stubborn and not sell soon enough.

so, the easy solution is finding good unique tech with at least decent marketing and buy at a decent price and HODL. I tried to teach this to BTCD thread and I am glad you were learning!

Only TOKEN will be available at first. Regardless of where you get it, you will get a matching amount of SuperNET asset
so if you have NXT already, NXT AE is probably a good way, but if not then bter will get you a better price

James

One of my favorite snot kittens so far.