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Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 293. (Read 736775 times)

legendary
Activity: 1176
Merit: 1134
With Nxt Inside, all upcoming core features of Nxt will be made available to users (/coin communities) in the SuperNET, if I understand the concept correctly. For example phaser, coin shuffling (built into MS), instant transactions (in time - let's not open that discussion again Wink ), atomic cross-chain transactions, +. These services will be free via Nxt (and NxtInside).

How will this influence SuperNET shareholders?

Dividends mainly come in from 3rd party features - which are just what we need now, but may become a second choice in the future: MGW, InstantDEX +

I'm aware that dividends are to be considered a bonus in the IPO. Nevertheless, it's being sold as part of the package. I'm also aware, that there's planned an advertisement opportunity for other coins in the GUI.

I'm confident that SuperNET will add value to everyone participating > users, 1.0 coins, Nxt, BTCD, crypto in general, and even more as Nxt continues to implement core features. This alone makes it a good investment IMO, so the question is about the dividend-part.

Are SuperNET investors going to loose revenue as Nxt adds more (free) core features? Will it be dumped?
Or will SuperNET shares gain value because the new features will make SuperNET even more awesome to be part of?

Thoughts?

/apenzl
first NXT will be an option for SuperNET users
crypto is about choice and I do not want to be forcing people to use something they are not wanting to
so, depending on the percentage of people that choose to enable the NXT features, this leaves the balance to be using the services that are independent of NXT
Now the more features the SuperNET core coins get, the more powerful of a fiat magnet it will become
Remember the larger goals of SuperNET, UNITY and fiat suckage into crypto to multiply BTC marketcap
So, while a freely available NXT feature could negatively impact some revenue stream from some service that is obsoleted, the general rule is that service feature development is much faster than any NXT core development, simply due to the nature of the tech problem being solved. So if a service provider doesnt continue to innovate, then they are obsoleted.

In the real world if the first HDD makers stopped at 20MB (?) HDD as an addon and all computers included 20 gig HDD,then it is no surprise that nobody is buying the 20MB HDD addon. Services are add ons to core services. So there is some sort of competition here, but I am hopeful that in the spirity of UNITY that we can all understand that the better the core is the better the SuperNET is the more fiat comes in.

Now since there is no charge for these future dividends, I am hoping that people will not mind allowing me some discretion to adjust and adapt various feedbacks as the world changes. I am not smart enough to know ahead of time the exact details of the entire SuperNET galaxy. I want to setup a distributed mechanism to allow for organic allocation of resources to the most promising areas and let the revenue flows decide what is reinvested in.

I am working (actually I hired a pro writer) to boil down all my disparate ramblings into a single cohesive document. My current estimate is that initially a good portion of the SuperNET revenues will go into the coin communities of the SuperNET core. this funds improvments in these coins to create a better baseline level of funtionality.

In tech, you innovate or die. this is simply the rule and has nothing to do with the CORE expanding and obsoleting the services. For example I am just today receiving some really cool provably random crypto algo from Come-from-Beyond. This has initial application in the instaDICE asset which will be half owned by Privatebet, one of the CORE assets. While it is possible to fully decentralize the instaDICE and turn it into a DAC operated by instaDICE assetholders, this will be requiring some additional work. It is kind of cool though, so maybe I will do it sometime. But there is really no place for an instaDICE DAC to be inside the NXT core. I have announced a process to allow for any casino type of game to use the provably random numbers (actually statistical distribution) into SuperNET API and since I dont do GUI, I am opening discussions with anybody that has casino type games and benefiting from provably random numbers. This will allow creation of game specific assets that encapsulate the revenues from each game, with Privatebet owning at least half of each of these games. If you need capital to complete the game it will be increasing Privatebet's share. If not, we can split the revenues generated from the cross marketing traffic from SuperNET

so, yes, it is possible some services will be obsoleted, but with some coordination of what the near future SuperNET core features are, it wont be hard to avoid being obsoleted, as long as you dont stop coding!

I do realize this fuzziness about how all the future dividends will be earned, split, etc. is not giving a rock solid feeling. I hope that the minimal premium to obtain all this and the fact that I expect that the vast majority of my net worth will be in the form of SuperNET assets will provide some level of assurance that I will do what is right for SuperNET. I do have some decent track record of nurturing and improving my assets. I dont know the average ROI for all my assets, but they tend to do OK, especially since I am always trying to improve them

I am just not able to know ahead of time all of the specifics and so I have assets for each category and if I get an idea matching that category, it goes there. If it is an idea that I dont already have an asset to cover, then I might make a new asset or expand the category of an existing one and make it a subsidiary.

This SuperNET asset definitely did not fit into any existing asset. It is so big in concept, but it becomes the big superset asset where I believe all my current assets are fitting inside. So unless I come up with some idea in a different universe than SuperNET, then my ideas to improve the existing assets/coins will be within the SuperNET.

I hope this makes sense. For people that like schedules, charts, projections, spreadsheets, 5 year plans, unfortunately this is not me. I view it more an organic process. There is an apple orchard here, a vineyard there, etc. At first it might take some imaginations to see the full vineyard covering the entire hill, but everything starts with a seed and then grows.

James

P.S. tl:dr jl777 takes care of his investments and does his best to make them grow in value
legendary
Activity: 1146
Merit: 1000
full member
Activity: 234
Merit: 100
With Nxt Inside, all upcoming core features of Nxt will be made available to users (/coin communities) in the SuperNET, if I understand the concept correctly. For example phaser, coin shuffling (built into MS), instant transactions (in time - let's not open that discussion again Wink ), atomic cross-chain transactions, +. These services will be free via Nxt (and NxtInside).

How will this influence SuperNET shareholders?

Dividends mainly come in from 3rd party features - which are just what we need now, but may become a second choice in the future: MGW, InstantDEX +

I'm aware that dividends are to be considered a bonus in the IPO. Nevertheless, it's being sold as part of the package. I'm also aware, that there's planned an advertisement opportunity for other coins in the GUI.

I'm confident that SuperNET will add value to everyone participating > users, 1.0 coins, Nxt, BTCD, crypto in general, and even more as Nxt continues to implement core features. This alone makes it a good investment IMO, so the question is about the dividend-part.

Are SuperNET investors going to loose revenue as Nxt adds more (free) core features? Will it be dumped?
Or will SuperNET shares gain value because the new features will make SuperNET even more awesome to be part of?

Thoughts?

/apenzl


Haven´t heard the NXTers to take part in this, just that James takes NXT for IPO.
Maybe they are thinking about it, cause they are offering lots of features to supernet and all coins can use them without owning NXT.




If you google "ann supernet ipo" I've found the thread for nxt discussion on their site and you can read the support questions there also. Sorry I'm on my phone.
legendary
Activity: 826
Merit: 1002
amarha

Haven´t heard the NXTers to take part in this, just that James takes NXT for IPO.
Maybe they are thinking about it, cause they are offering lots of features to supernet and all coins can use them without owning NXT.





I don't get how this would be possible....Anybody got any hint?

Probably something to do with using the Multi Gateway system and InstantDEX.(just a guess)

But I would be interested in a more technical explanation if anyone has any more details.
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!

Haven´t heard the NXTers to take part in this, just that James takes NXT for IPO.
Maybe they are thinking about it, cause they are offering lots of features to supernet and all coins can use them without owning NXT.





I don't get how this would be possible....Anybody got any hint?
hero member
Activity: 767
Merit: 500
Never back down !!!
With Nxt Inside, all upcoming core features of Nxt will be made available to users (/coin communities) in the SuperNET, if I understand the concept correctly. For example phaser, coin shuffling (built into MS), instant transactions (in time - let's not open that discussion again Wink ), atomic cross-chain transactions, +. These services will be free via Nxt (and NxtInside).

How will this influence SuperNET shareholders?

Dividends mainly come in from 3rd party features - which are just what we need now, but may become a second choice in the future: MGW, InstantDEX +

I'm aware that dividends are to be considered a bonus in the IPO. Nevertheless, it's being sold as part of the package. I'm also aware, that there's planned an advertisement opportunity for other coins in the GUI.

I'm confident that SuperNET will add value to everyone participating > users, 1.0 coins, Nxt, BTCD, crypto in general, and even more as Nxt continues to implement core features. This alone makes it a good investment IMO, so the question is about the dividend-part.

Are SuperNET investors going to loose revenue as Nxt adds more (free) core features? Will it be dumped?
Or will SuperNET shares gain value because the new features will make SuperNET even more awesome to be part of?

Thoughts?

/apenzl


Haven´t heard the NXTers to take part in this, just that James takes NXT for IPO.
Maybe they are thinking about it, cause they are offering lots of features to supernet and all coins can use them without owning NXT.


full member
Activity: 150
Merit: 100
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



+2

Stop it.

The majority of these questions are answered in the first page of this thread which also includes a link to a Q & A. Read it.

Smart Ass!

You got to read my post first....

I said I read the first page but wasn't clear....
full member
Activity: 150
Merit: 100
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



I'll attempt to answer this in the meantime, and if I'm incorrect on any point hopefully James or another person who is part of the project can correct me.

1. Some time in the next few days there will be an IPO selling shares on Poloniex. James had initially mentioned a 15% bonus for buying on the the first day with subsequent decreases in bonus percentage as time goes on. For example 2nd day might be 14% bonus and decreasing a further one person each day after. I don't think this is confirmed yet though.

2. James has stated that he intends for people to be able to buy shares in NXT, BTCD, and BTC. With purchases in NXT and BTCD receiving a 5% bonus in shares.

3. The point of the supernetwork is to incorporate the features from other coins in to the network and make them available for use via a GUI embedded in the wallets of coins that are part of the network. For example someone wishing to send a transaction that took advantage of BBR's ring signature anonymous technology from their BTCD wallet could do so via the superNET GUI on their BTCD wallet. In addition to coins sharing features I believe many of the services that James is currently developing will be offered for use via the same superNET GUI. The point of all this is to leverage the network effect for all coins involved.

4. Since BTCD is James' personal coin I'd imagine that all of the development of the superNET will be first implemented on BTCD as well as all features being rolled out first via the BTCD wallet. Since it's the first member of the superNET you might consider it the hub of the network.

Perfect!

Thank you so much, I am pretty clear now, appreciate your time Smiley
legendary
Activity: 826
Merit: 1002
amarha
Very good, I will hold all my Syscoin, DEV will contact jl777 to add this coin, it has some special features which other haven't.

I don't mean this in a mean spirited way because I truly feel for all the people that invested in that IPO, but from all sources it would seem that SYS can barely get a blockchain running. I've heard nothing but woe from people who invested in it and have watched failure after failure bring their investment down to below what they paid for it in a short period of time.

I don't mean this as a personal attack against you at all - it just irks me that projects like that are able to collect 1500 BTC from the community while quality projects struggle to fund even the bare minimum of a handful of BTC in a fair manner.
legendary
Activity: 826
Merit: 1002
amarha
Anonymous is a strong term, we have yet to see one cryptocurrency achieve that instead of boasting about "anonymity".

Simply integrating mixing or wiring the transactions via Tor/L2P isn't enough, integrating mixing and claiming anonymity makes about as much sense as lowering the block speed and claiming to be the "fastest altcoin" or "the altcoin with the fastest transactions". It implies that there is some original innovation when there is none.

I might not be on here 24/7 looking into every single altcoin but as far as I know we are the only candidate that got it so far, however we are pretty early into development ourselves.


https://bitcointalksearch.org/topic/m.8415564

That's wrong. Boolberry, the first addition to the supernetwork has had cryptographically strong anonymity far beyond any coinjoin/coinmixing scheme with nodes/tor/i2p system. And they've had this since May. And since then Zoidberg has implemented improvements to the base anonymity that has currently put BBR ahead of similar coins that also use the CryptoNote ring signature technology.
legendary
Activity: 1098
Merit: 1000
Angel investor.
Very good, I will hold all my Syscoin, DEV will contact jl777 to add this coin, it has some special features which other haven't.
hero member
Activity: 688
Merit: 500
Anonymous is a strong term, we have yet to see one cryptocurrency achieve that instead of boasting about "anonymity".

Simply integrating mixing or wiring the transactions via Tor/L2P isn't enough, integrating mixing and claiming anonymity makes about as much sense as lowering the block speed and claiming to be the "fastest altcoin" or "the altcoin with the fastest transactions". It implies that there is some original innovation when there is none.

I might not be on here 24/7 looking into every single altcoin but as far as I know we are the only candidate that got it so far, however we are pretty early into development ourselves.


https://bitcointalksearch.org/topic/m.8415564





The next update will likely be the last mandatory hardfork, we will introduce a reduced blockchain and apply some amorphous computing concepts that we have been working on very hard, topology-aware clients are the future of decentralized monetary systems and will lead to much faster propagation of information and generally significantly reduced dis-synchronization of the network.


legendary
Activity: 826
Merit: 1002
amarha
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



I'll attempt to answer this in the meantime, and if I'm incorrect on any point hopefully James or another person who is part of the project can correct me.

1. Some time in the next few days there will be an IPO selling shares on Poloniex. James had initially mentioned a 15% bonus for buying on the the first day with subsequent decreases in bonus percentage as time goes on. For example 2nd day might be 14% bonus and decreasing a further one person each day after. I don't think this is confirmed yet though.

2. James has stated that he intends for people to be able to buy shares in NXT, BTCD, and BTC. With purchases in NXT and BTCD receiving a 5% bonus in shares.

3. The point of the supernetwork is to incorporate the features from other coins in to the network and make them available for use via a GUI embedded in the wallets of coins that are part of the network. For example someone wishing to send a transaction that took advantage of BBR's ring signature anonymous technology from their BTCD wallet could do so via the superNET GUI on their BTCD wallet. In addition to coins sharing features I believe many of the services that James is currently developing will be offered for use via the same superNET GUI. The point of all this is to leverage the network effect for all coins involved.

4. Since BTCD is James' personal coin I'd imagine that all of the development of the superNET will be first implemented on BTCD as well as all features being rolled out first via the BTCD wallet. Since it's the first member of the superNET you might consider it the hub of the network.
legendary
Activity: 3486
Merit: 1126
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



+2

Stop it.

The majority of these questions are answered in the first page of this thread which also includes a link to a Q & A. Read it.
hero member
Activity: 531
Merit: 500
Great. Will be watching closely.
hero member
Activity: 809
Merit: 1002
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



+2
legendary
Activity: 2020
Merit: 1041
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....



+1
full member
Activity: 150
Merit: 100
Can anyone please explain how does this work? I read the 1st page but I am not still clear:

1, Would I be able to buy SuperNet? And when I buy do I buy shares or assets?
2, How do I buy? using NXT, BTCD or BTC?
3, How does this incorporate other coins? And what's the point of doing that?
4, BTCD will be the core? What does that mean?

Thanks....

full member
Activity: 200
Merit: 100
Look attractive. I'll save some NXT for this. Godspeed  Grin
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