Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 298. (Read 736831 times)

There were two pictures of me posted a few pages back.
One of them from my good side, the other from the not so good side, I am glad they are not posting the one from my third and fourth sides

James

It is surprising for me, but some peoples seem to be loading up on it for some unknown reason

get some instantdex then before its up there too

Good job James. You just made nxtcoinsco shoot up 25% before I can purchase some. JLH is so far your only asset that just doesn't move in either direction. It's like an asset that holds constant value even though it can be traded with btc on poloniex.

james who the heck are you? my curiosity levels are exploding and all the sugar infused Lattes I'm having arent helping it !!! who is this hard working man doing so many projects at the same time successfully; why not let us know! why hide

Now, now. I appreciate the kind words, but there should be plenty of people who can, at least the deciding after all the experts are making analysis and recommendations.

Common sense, tech, finance, marketing, trading, the usual skill sets but all in one person, so a generalist. Someone who is not so bad at any area, but not anywhere close to the best in the field. Someone who can understand what the best in the field are doing should be enough, as long as they can connect the different areas together.

There must be some few peoples like this, though I am usually not so people mingly, so I am not knowing many people to know of such. Hopefully somebody here will.

James

P.S. They cannot be made of cheese

sharkfund0 owns a chunk so, it should end up being closer to 15%. I also had a little bit of unallocated revenues from the other half of InstantDEX, so when there is more clarity on things (some of the potential parties are still not even fully formed), then I can finalize the allocation of the other half of InstantDEX revenues.

Maybe one of the things that makes sense to do is some private purchasings of the InstantDEX, but I am not sure I will be able to get a good price. So, my mistake of giving away too much and selling too cheap, it is making weaker the dividend flow. But the revenues from Teleport, Tradebots and Privatebet will be very likely to exceed that of InstantDEX, possibly significantly, so with healthy percentages of those, this lower revenue profile is only from one of the four sources.

Ultimately, how can my four assets out do the combined power of all the other coin's unique features? I think it is ridiculous to imagine that I am making more revenues by myself than everybody else combined. So, as SuperNET grows I am confident that my error with InstantDEX will become just one of those funny things we laugh about

James

P.S. There is not much liquidity for NXT assets yet, so while InstantDEX might be quite a good deal there wont be so much avaiable before it is some sort of pump price. I have an idea! Maybe I will contact some of the InstantDEX whales and see if they would be open to investing their assets (in case there is sufficient BTC coming in). I think this might be good solution, thank you for your insightful question! It makes SuperNET stronger!

Yeah true dat. My apologies there is only one James 

One person to replace James?  This borders on blasphemy.

I'm not sure I'm the only one not getting this fully.
Let's try to simplify a fraction of it's financial side of this.

SuperNET will provide various services in the various crypto wallets, like trading, teleporting, unique coin features and other stuff. Some of this will generate revenue.

For some of the services there are already assets. Let's take InstantDEX as an example, as you said that it will provide a baseline amount of revenue.

InstantDEX will be a (near) realtime exchange, that will be integrated into a bunch of coin wallets. (Half of) the fees from InstantDEX will be payed out as dividends to InstantDEX asset owners. SuperNET IPO will own some InstantDEX, that you will put in.

But as you only have 7% of the InstantDEX assets most of the dividends will not go to SuperNET, unless I'm missing something. Of course this will only be a small part of the revenue but still.
Doesn't this mean that (at least in some cases) it could be a better investment to buy InstantDEX and other assets directly instead of SuperNET?

James do you have anyone in mind who u would like to take over god forbid anything happened to you?

I think you would not carry about your identity,Who care there is a monkey or someone else on the other side of the internet if he worked hard for his plan and try to make the SuperNet be realized.

my vote -committees are entirely too inefficient and diluted. they are more about process than function. what makes a project IS the decision-maker. and if i want a decision made, i certainly am not going to seek a committee.

There is one the one hand the concerns about my identity, and the fiat world likes to be able to threaten people with things and this identity thing will make me vulnerable. Many have expressed concern that I might be in danger and there have been some threats made against me.

So, I am making the escrow arrangement and limiting my control of the raised funds to 1%
Since this is a small percentage, I hope that the risk analysis will show that it is not such a problem.

Now in the worst case, what is it happen if the unfortunate things happens to me?

Let us make some plannings for this as we are indeed talking about significant sums of money. So, one fallback is to simply dividend out the SuperNET holdings on a prorata basis to the asset holders. With NXT, this is quite an easy thing to do, so if you own 1% of SuperNET, on this liquidation, you would get the 1% of its BTC, 1% of its altcoins, 1% of its assets, net of the costs of such a dividending. I think this is a good fallback plan to invoke in case SuperNET stops proper functioning.

Now, if I am succeeding in my goal of becoming obsolete, then there is no stoppage of SuperNET functioning, so there is not any need for liquidation. So we have the two extremes of liquidate or nothing changes.

The reality will be most likely somewhere in between. So, the first thing to do in the event I am "disappeared" is to identify the empty spots that are left. For each one, then the community can try to reach a consensus on who is the right person for that part. Let us say 30 days for identifying all the empty spots and another 30 days to find community acceptable replacements. If at 60 days, there is no hope for getting everything running smooth again, then we are starting the liquidation over the next 30 days.

I think if SuperNET is having the power it should, then it will not be much of a problem for finding the right people for the right spots.

Now that SuperNET idea is there, and once it has the funds, then it is self-powered. No single person is so very important once the SuperNET is powered up and operating. So, I hope that in 6 months, I am just advising others to help with issues they are maybe struggling with. In this case, it offers for the smoothest transition. The final decision making is really just a formality and I could just be a monkey and get it right most of the time.

James

bwahaha! here i was trying to figure out if hologram was gay or a girl ...now i know

Dear James, We're along With You . Mass of BTCD, NXT, SAE and BBR communities are along with you. I think this is enough to create SuperNET.
Everyone else come to Investment they will partners in the huge profits and FUDs = loss.
Please avoid from entering every shit coins in the core of SuperNET.
Sorry for my English

most certainly not!

most certainly not!

most certainly not! In fact it was the MOST thoughtful and required the most time for me to answer.

Well this is the first time such a question has been asked. Looking at your first question, it was not so specific. I dont spend much time tallying all the details, but since you asked I will do so.

http://nxtreporting.com/?a=NXT-SQ9J-JCAN-8XVY-5XN7K&c=USD
The above shows in near realtime my personal holdings. I dont check it so often, it is a pleasant surprise to see it at 63 million NXT, last I checked it was under 40 million. So this is ~3500 BTC at this moment, but it is not so liquid at all.

The key holdings are:
64% of sharkfund0, which in turn owns 11% of BTCD and 10% of BBR, and other assets. I post the breakdown in the Sharktales thread about the sharkfund0. Most notably it has 20% of NXTprivacy, 10% of InstantDEX, 12% of JLH, ~10% of coinomat

18% of JLH, which generally has 10% of my assets, so this boosts my indirect ownership by ~2%
1.5% of MGW. I wasnt kidding when I said I gave away the majority of MGW, sold a bunch more at 50% discount. My only JLH is indirectly via the other assets

30% of NXTventure. This is the asset that issues dividends in the form of other assets than it is able to. No, it wont be able to do a SuperNET dividend. I am thinking that this is one is not something for the SuperNET core as it is not of cash value and not directly an operating asset.

53% of NXTprivacy, but this is too much and I am planning to sell to get below the 50%, just that the initial amounts are still not selling out so I have to wait. Wait, I just checked and it seems it did sell out. Just been too busy to track this. So, I just put 50000 NXTprivacy for sale and also transferred 75000 to NXTventure. Again, I make a mistake. I had thought there should be 100K NXTprivacy for a dividend, but of course the dividend was already sent out. I shall ask to get this xfer reversed. I am personally making sure that the assets are performing well for their holders. NXT investors can attest to how I have been doing. The NXTprivacy is where the Teleport fees will be flowing through. Though the BTCD community decides to make Teleport free for some time period, so these revenues will be waiting until next year. There is also the 30% ownership of the cryptocard asset (anon card that coinomat will handle), but this card is not available until late September or even October, but 30% of the cryptocard asset means 0.3% of transactions. NXTprivacy also owns 50% of Privatebet and it will pass through these dividends to NXTprivacy holders.

47% of NXTcoinsco (which really should be name Tradebots), this is below the 50% and it is my plan to sell more to get to below 40%, but the market is not so understanding of its value as I am not really pushing about it, so I cannot feel it is right to sell more when it is so undervalued. I hope you can understand. My instincts for getting a decent price for value outweighs the instincts for reducing the ownership level. The Tradebots are not very well explained yet. The reason is that I was just in the process of adding library functions to the Turing complete scripting language called "C" that I implemented. Now, before you get all excited that this is some sort of etherium thing, please calm. The Tradebots are node specific. So this is no attempt for decentralized anything. It is totally centralized, but for each person. For example, you are wanting to make some arbitrage trading automatic. Now, you find some markets that have nice juicy profits, the last thing you want are a zillion identical bots doing the same thing! So, there is good value for this customized tradebot. Since it is something just for your own computer, then it becomes possible to make it have access to all functions that are available, eg. Teleport, InstantDEX, bitcoin RPC, website API, etc. Basically anything possible is possible, after all "C" is a turing complete language so millions of programmers are familiar with it (though it seems that most have moved on to "better" languages). So, this is totally opposite spectrum from any synchronized blockchain of turing complete scripting. That being said, I think it could well be possible to make linked-tradebots. These would all be running the same algo using the same input data and then toss in some data synchronization with network API, and do this on a regular basis. I think then we have some sort of custom blockchain maintained only by the nodes that are running this exact linked-tradebot. So this leads to a possibility of an arbitrary number of blockchains that are maintained just by the nodes that download a specific linked-tradebot from the Tradebot store. I am also making a way for tradebot creators to publish their tradebots in the Tradebot store and to share profits that they are making for their customers. So, if you are thinking about the possible revenue sharing of the profit sharing, Tradebot store and other things (like InstantDEX revenue sharing), then the NXTcoinsco asset is probably the most underpriced of all my assets at this moment. Since I am still a ways from having all these things in place, it is not a priority to communicate these things as I am quite busy with many other things.

I only have 7% of InstantDEX, having given away 30% and soldoff big chunks to early investors. InstantDEX is where the peer to peer trading commissions will flow through. half to its asset holders and half to various other parties, like MGW, NXTcoinsco, BTCD stakers. It is documented in the NXT forum these details.

Privatebet I dont own any directly, but it is owned by NXTprivacy for 50%+ and NXTventure, but there some sell orders to be selling it so NXTventure will then dividend out the Privatebet that is remaining and will end up with several percent and NXTprivacy will end up at 50%. Privatebet is the farthest from these operating assets to be finished so it is very early in its evolution. peer to peer sports betting and eventually some casino things make it nice potential, but until it is closer to beta then there is no urgency for me to be talking about it much. One thing of note is that Privatebet is doing equal partnership with hash (nxtforum) for some instantDICE, using some cool tech know how from Come-from-Beyond. At least we will if we win the auction. Not even sure the time it ends, sometime around now.

For those of you screaming about head exploding, too complicated, you can blame the Japanese:
http://en.wikipedia.org/wiki/Keiretsu

I try to make each asset have a unique purpose and cross linked with other assets so they are a team to help each other if one falls down.

Now, how much of each of these assets will go into the SuperNET core? I havent worked out the exact percentage as I do not want to own any giant percentage of SuperNET. I will limit my ownership of SuperNET to 10%, so it is clear that only a subset of my assets will be going into SuperNET. I think it would make sense to have some equal amounts of each of the assets to go in as long as I am able to, so at a mimimum 7% of InstantDEX, NXTprivacy, NXTcoinsco, sharkfund0. If more than this amount comes in I will keep increasing the percentages of the other assets till they are exhausted and so on. I think this is a decent allocation. If anybody has a better plan, I am open to hear it.

As to the bonus, while I think I could rightly claim the 15% bonus for early bird, since there is no provision for funding with assets and it is not exactly NXT, I will not be claiming any bonuses for my assets being put into the core. I know some will complain that I am allowed this unique ability to get SuperNET for assets, but I hope the community will allow me this one benefit.


I sure hope I am not conveying that SuperNET will be getting 100% of the dividends from all the assets. It will only get the dividends proportional the the core assets it holds. And also that within each asset there is a typical sharing between the asset and various other parties, such things have been documented. I hope you are not asking me to fully document all of the details of all of the assets when all this information is already in the threads for each of the assets. This falls into the "GUI" category for me. If anybody is wanting to make such a nice chart and diagrams, then maybe there is even a bounty for this.

Due to the uncertainity involved with the R * N *T as I described in an earlier post, I am not capitalizing ANY of these dividends, nor am I including ANY of the click revenues. So, any that come in will be distributed as dividends and will be some extra bonus. Over time as there is more predictability to this R * N * T, then the market will capitalize SuperNET using a PE formula for the revenue side and adding the closed end expected NAV from the fund side.

For now, I am not charging for this future dividends or revenues, so I dont waste time guessing as to what R and N are. I probably could come up with some convincing points that R and N will be such and such and make projections months and years ahead and try to get people to pay for all this on a capitalized basis, but that's not me.

James

P.S. It seemed better to keep NXTventure NXTprivacy ~10% so I did a marketrate swap for 9.4% of JLH. Now I am around 27% of JLH and 40% of NXTprivacy

Powerful point, i must agree 

If you are able to solve how to vote proportionally to the intelligence level of each voter, then I am of course very interested. Unfortunately, a persons wealth at times does not correspond to their abilities and varies greatly over time. While generally speaking the more intelligent become more wealthy the correlation is not anywhere near 100% at any given time.
to based it on quantity of voting would require some sort of KYC. You can guess my feelings about that.

So, I think the choices are between a single person to decide or some committee.

Now if you are talking about the coin selection process, it is going through a trio of people before I am really involved in depth. Not sure if this is adequate, but for now I think it will be fine. If not they will probably post for help.

I am very much wanting community involvement and as soon as I see an idea that is better than the best idea for whatever part, then I will shamelessly adopt the better idea. So, if you are having ideas to make SuperNET better, in any area, just post, we discuss and improve.

This is decentralization. However, without a single decision maker, then often stagnation arises from indecision. So, until there is somebody more qualified than me to decide which proposals are better, I think it is best for me to continue in that role.

I am not seeing any applicants for this yet. I am hoping maybe the community can identify such a person sooner rather than later and then convince him/her/it to want to do it. Maybe such a person would deserve to be getting 1% of the revenues.

James

Haha, 100 hours a week of course.

You change the type of work by working on another asset or coin.