Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 299. (Read 736831 times)

Unless you are manipulating the price of cryptos with large amounts of BTC, the trampoline remarks were not addressed to you. I apologize if I made you feel compared to a monkey. I just use the monkey on a trampoline analogy as I find people tend to remember just vivid imagery more than some technical discussion about PE ratios and RSI indicators and whatnots

James

Proportionally to the fund people bring to the IPO, like a company, not like a government. And unlike in government where responsibility is diluted here people vote for their money.

this is why most applicants to the SuperNET core will probably not succeed.
however if a coin has unique and valuable features
and this is cross marketed to the SuperNET users
and the revenue sharing is partly going to the coin's community
and the coin community uses it to further improve their coin

I know it is a lot of conditions, but this is why the character of the coin's community is part of the evaluation.
lets take a specific example. Let us say that BBR was done under the new structure. Let us assume we were able to get some large purchase negotiated at 2x the low point. Then the bagholding that you speak of is not so risky. Remember, the plan is for long term hodl. By this I mean months and years. So, even if the 8x gain fluctutates back down to 2x or 3x or even 1x, these are short term price changes. The price usually fluctuates around the value. By concentrating on what can be directly influenced, the value, I am counting on the price to fluctuate around it.

SuperNET will not own more than 10% of any coin. This is a meaningful percentage, but nowhere near where it poses any danger of centralized control.

James

decisions by general elections often leads to, unsatisfactory results.
My proof: outcome of any general election in your favorite country

first of all, I have not had a chance to respond to your post yet. Should I respond to your first post or skip that and respond to this one?

Maybe i'm missing why it's a stupid idea (it's late here) but why not let superNET IPO buyers vote to decide how to allocate the fund ?

This is what I want!
fact based discussions!!

I just see the posts and trollbox commetary and the rarest things are the fact based posts. Maybe I am not seeing what you are, but until all the non-fact based posts are removed, it is not even possible to have some sort of rational debate on the technical comparison between the cryptonotes.

I think it is fair to say that XMR and BBR are at least peers and that regardless of anything else, there is no way one is worth 40x the other or 160x marketcap.

So, let the fact based debates begin, but please not here. This thread is not for some XMR vs BBR tech debates.

Fair enough?

James

10% of the operating revenues, not of the investment side.
I have not come up with a detailed budget of how to allocate the 10%. It is not productive for me to spend time to allocate funds specifically when it is not clear the amount of the funds that will arrive in escrow. That will determine the practical size of SuperNET, which then determines the practical range of the revenues from the operating side, which then finally allows for some order of magnitude estimation of what this 10% will represent.

I am not ashamed to admit that I cannot answer some of these key variables so maybe we are talking about allocating 10 BTC or 1000 BTC. The right answer would depend on what the total budget is. I think you agree with this. So, yes I could make different budgets for all ranges of funds raised and have half a dozen different scenarios all covered to every last detail.

I'm just not that type of guy to do such things. If there are any volunteers who want to make such an allocation, then please do!
So, unless there is some such fancy spreadsheets to cover all expenses, then I will just use my judgement to determine what to spend the 10% on. You will have to trust me to do the right thing.

I know, I know, this is the internet and you cant trust anyone. I am not believing in the fiat world's faith in massive documentation about all the things to be defined ahead of time. I am not smart enough for knowing all the possible futures. I just make the decisions as they become available to be decided. I can certainly make mistakes, and I have. I am always answering in detail any thoughtful questions and I am thus making an "open source" business plan here. The more eyes on it to find any faults, the better.

So, please if there are any big things I have missed, let us discuss them. If there are no big things, then let us discuss medium sized things. If by chance we only have small things to discuss, very well, let us discuss them

Please post any flaws you find about the business model for SuperNET. It will become stronger from this.

James

P.S. If I have not answered clearly enough about the 10% and how it will be spent, please ask more questions. We can always make some 10% spending committee if the community wants. Yes, I will start a poll. Do we want the 10% operating budget spending determined by a committee or me.

I am a little bit concerned about buying all this coins with investors money. Most of the altcoins are traded 90% below alltime high, and many disappeared.  Sure there will be a rush at the beginning when there are announced about adding a coin to supernet. But what will happen afterwards? They will decrease again and supernet will become a major bagholder of a lot of coins.

I like the idea of united crypto, cause we have way to much of them. But buying them up, I don´t know.

first of all, i like bbr
i followed all crypto note coins for a quite long time, but i think you didn't.
BBR got dumped that much because gpu mining was private for months.. they should have focused on developing public gpu + stratum compatibility, but instead the gui was developed. Bad priorities for the coin in my opinion. a group of about 5 people mined 5-10k bbr a day and got about 70-80% of the whole supply. every second day 30k got dumped, the buy side was cleared out.
The low market value has nothing to do with fud or bashing.
As you can see on the nethashrate these ec2 cowboys quit at some point when bbr stayed down at 20k satoshi.
It will be interesting what happens now when it gets pumped again. the hash rate is somehow exploding again, it may be the ec2 farm getting in again..
the discussion between bbr and xmr is legit and should be there! thats basically no fudding or bashing. there where some concerns about the changes made with bbr, for example about a possible lack of entropy with wild keecak and stuff like that. Changing the base which was developed by real cryptographers like the CN developers, inherits risks which should at least be addressed.

Yes, well you seem like a very intelligent guy who is doing his best in this crypto world. Therefore, there really is no need for your snarkiness. While, that is certainly given a premium on the internet in general, it is a little off-putting when one is asking for money. Plus, as an intelligent person, you are fully aware that you did not answer the question.

While it is fascinating how much profit margin other companies may or may not make, it is irrelevant to the topic. I am not asking how much money it takes to produce and distribute a roll of paper towels or fine cigars or Maserati's, I am asking about this ICO. I asked where it goes. Is it you? Have you estimated that your operation will cost about 10% of profits? What if you need more? What if it is far less? As far as I am concerned, it can go to a salary for you. However, you keep telling us in every other post, including this one, that you are but a humble, regular guy, who just wants his coffee and cream. Furthermore, you say, you will only make money the same way we all will -- your investment into the ICO. Oh, and closed-end funds (which you seemed to indicate had some similarities to this) don't take 10% "overhead".

As I say, take it and buy your own Starbucks franchise for all I care. I just was wondering where this 10% "profit" was going. Sheesh.

corrected 

there are no girls on the internet

That's a hot crypto girl wanting to make you dirty thing 

Important question: Where are the sexy crypto girl ?

where did you get my picture?

where did you get my picture?

10% of profits are for "overhead" I feel that running something at 90% profitability is quite acceptable from investors point of view. Real world companies are struggle to make 15% profit margins, at least when I was up to date on that sort of thing, it was. Maybe some companies are making 25% profits (I am talking net of all expenses not just gross profits), so if you feel that SuperNET should operate at a higher profit level than 90%, then please dont invest. Let me buy a Starbucks latter everyday for all key contributors if I want to.

Thank you for a thoughtful question!

SuperNET is half similar to closed end fund, yes it is. Purchasers of the closed end fund are the ones that will benefit from the advantaged investments in the altcoins. So, if we can average 2x as we convert the BTC, then this is making a doubling of NAV. I certainly am not expecting 8x like BBR for all of the funds raised! The key to this value is the fact that it has no overhead that is draining it drop by drop. It is the BTC in escrowed cold storage, or the altcoins purchased at the pre-SuperNET price.

The other benefit is to support the UNITE cause. Even if you think the ROI is not so good as compared to possible 60x for some altcoins, maybe you feel crypto is better as united instead of divided. Then I ask for donation of 1 BTC, or whatever you feel is good for donation to this cause. Then if there is some positive ROI, it is the nice pillow chocolate to know you helped the cause and make some profits at the same time. The more is raised with SuperNET, the bigger message it sends about the will of crypto to UNITE. Then this makes easier to make bigger SuperNET, which gives BTC more power and then the giant sucking of fiat into crypto is unleashed so we can go to Taco Bell (or KFC) and not feel ashamed that BTC market cap is smaller than Yum Brands

The other half of SuperNET is the operating half. This operating half is composed of all the best crypto tech integrated into a single crossmarketed system where the monetization of each coin is displayed in a nice list to select from. Like the google adwords, the highest bids are going to the top, so the auction process discovers the price for the value of the crossmarketing to 100,000+ SuperNET users. Additionally, the services that I am creating, Teleport, InstantDEX, Tradebots (NXTcoinsco), Privatebet, these will have some small fees that are lower than the centralized vendors and so it is benefit to users to use them to save money on fees and get decentralized peer to peer functionings. These revenues are flowed through the corresponding assets and these assets will be in the very center of the SuperNET core and their dividends will flow out to all the SuperNET owners.

Combining the click auctioning revenues and the dividends from the core assets is just the yummy gravy to the SuperNET. Of course it will take some time before these revenues are making big impact. I dont even know how to estimate the average fees per SuperNET users, nor the eventual number of SuperNET users. So with R * N with both R (ave revenues) and N being unknown, let us set the value of this at a small number for now. In any case, the SuperNET founders will be paying a zero premium for whatever this R * N * T is. T is the lifetime future values, of course to be proper we need to discount the integral: (Sum over Time(R * N)) / D
What sort of D discount is to be used? Not sure. So I structure it as costing 0. I figure it will be hard for this to be an overestimate and when it comes to peoples money I want to make sure for positive result.

I hope this is the acceptable pricing?

James

P.S. I am making nice stash of yummy chocolates for those who are taking the time to think about what SuperNET is. Let us not make it so easy for those too lazy to read and think. We try to keep this a test for finding the thoughtful ones. Dont want any trampolines.

god bless jl777  

um..
100 hours per week = ~14hrs per day, not 100 per day
The trick is to change the type of work to let the tired parts of the brain recharge

The monero camp (not its devs) mistreated me. At least I felt very insulted, especially when my thoughtful post on the XMR observer thread was totally ignored, until one person made a positive comment. Then I am accused of using a sockpuppet! Of all things to attack my integrity. Then my writing is ridiculed. I am incompetent to write a whitepaper, I know this. I only wrote the draft text and hired a professional writer for making it better. I liked the pirates to make it easy to understand for normal peoples. It was supposed to be split into two documents, one just with pirates and one without. I just dont have time for "GUI" things and I rely on others to just do what is needed. I also dont have time to micromanage or pester people. So a lot of things, they are unfinished. I am not a cryptographer, this also is used to dismiss my Teleport. So, making disparaging comments about my integrity, my intelligence, my tech, my coin.

Even I have my limits.

So, I revisit my BBR friends and realize to my horror that it had been beaten down out of top 100! To 1/40th of XMR price. Now nobody really knows who is doing this, but when a coin that has arguably better tech (let us not argue if it is actually better, BBR dev has made changes to the blockformat itself, clearly he is not a mechanic fiddling with settings, he is full blown engine designer!) and making new releases, including user friendly GUI, I wont list all the tech changes, please dont start a debate on which tech is better. Just try them both yourself and you decide which is better. Fair enough. Dont take my word, use your own judgement.

Anyway, the BBR price it turns around, but now there is all sorts of chatter to try to hurt it, but with knowledge the BBR is rising back to a more reasonable 1/5 value. If BBR tech is really as good or microscopically better than any other cryptonote, then what is the right price ratio? What is the right marketcap ratio? I let the market decide. So, now there is these large buying of XMR and some flashing of 1000 BTC buy orders. Clearly big whales are backing XMR and their advocates keep namecalling against BBR. So I feel big sympathy for poor little BBR. I am no big whale, I have not much BTC at all. Then I realize maybe I am able to raise some BTC with SuperNET. And actually this is likely some part of the reason I have started SuperNET. The other is I am still waiting for a release from other dev so I can debug Teleport. The other is a kind PM from noashh that reminded me I was getting a bit stressed and should take some time off. So, I took the weekend off and made this SuperNET. It is really just something that has to be done to counteract the fiat forces and I think the universe has conspired to make all these things happen. So I am lightning rod with all this but that is all, I just happened to be "lucky" enough to be hit by this lightening. Now I have to work so much before I can return to my preferred zen mode...

Anyway, as far as XMR goes. I like the BBR tech better than XMR and I certainly dont like the constant negativity from the XMR camp. Maybe there is nothing the XMR devs can do, but if this is indeed some coordinated smear campaign controlled by some XMR devotees, then they can stop the hostilities and make cooperation. I am not sure if they are able to do this and until they do, I wont have to think about whether XMR can be integrated into SuperNET core. I am a simple C programmer, but when I am personally attacked and get ridiculed when I am asking for the help, I do have a bit of a temper and the universe seems to help me out to defuse this anger in me. Sometimes in very unexpected ways.

So, conditions for XMR are to immediately stop any and all bashing of other cryptos. Talk about how good your XMR is, of course. Tech analysis of benefits, of course. Spreading rumors about personal things, not. FUD of course not.

UNITE of all crypto, this is the goal. Be part of this and of course there is a possibility of joining. But how can a culture based on zerosum hostility and "there can only be one" highlander beheadings, fit into spirit of cooperation?

If this toxic culture is indeed changed, then with the touted awesomeness of the XMR dev team I am sure there will be some tech that will be unique and valuable. I might require some significant investment in SuperNET as sort of a pennance, but I am practical guy and if XMR team will be benefit, then how can I refuse?

James