Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 300. (Read 736777 times)

OK, I have read every single post. Just wanted to say that upfront to prevent people from telling me to read the freakin' posts!

First off, where exactly is that 10% "profit" going? I cannot seem to figure that out. It seems as if it is going to the maintenance of websites and such, but I am unsure. But, 10% seems like a huge amount to me.

Secondly, how exactly does one measure the ICO? In other words, it seems to mirror the structure of a closed-end mutual fund. As much money will be raised as possible and everyone will get the amount of "coins" they want. After the ICO, the assets will be purchased and any dividends will be divided among the "coin" holders. OK, fine. But why buy it at the ICO price? Like with a closed-end mutual fund, the possible short-term gains could be governed more by the NAV (net asset value) than any sort of future value. That is all good, don't get me wrong -- and many a closed-end fund trades above NAV. But where is the benefit of getting in early? The insider information that they have to purchase other assets early, I guess -- Is that it?

Finally, I can see how this benefits BTCD, but is it disproportionate? I guess what I am asking here is, since BTCD is at the center of this aren't they going to benefit most of all? Am I misreading that particular part of this equation?

Ok,
anyway I'm not  a dev/boss of Reddcoin, I'm just an enthusiast user, not a speculator..
I've written in our forum to show SuperNET project to RDD community (and dev too, because I want them to partecipate).
thx for your answer

Korecoin is one of th best coins to be added

please refrain from misleading posts. Remember my warning about trying to pump your coin's price
My thread is a no FUD zone and also a no Pump zone.
Stick to facts.  I believe you feel Reddcoin should be added to SuperNET core.
I can confirm you sent me a PM and that the process of due diligence has been started. I cannot predict the outcome

James

P.S. If a coin starts pumping their price based on rumors of SuperNET core acceptance, then that alone could disqualify it. No Pumping. That is no good. It is like monkey on trampoline. Please calm

I am only asking for direct access to 1% of the funds. 99% will be in escrow(s)

I dont want the money, I just want to make sure the SuperNET funds are used wisely. If anybody else wants to be the decision maker, just prove to me you will do better and I will gladly step aside. As long as you do well, I wont see any need to step back in.

I really just want to start my day with a nice Starbucks latte and code for 12 hours and do some debugging. This is my zen mode. However, cryptoland is in trouble. The govts have successfully tarnished BTC, added immense volatility to its price and made it a fringe thing.

Now who here doesnt think that crypto in general will be much bigger in the future than it is today?
Is the impact of crypto going to be larger than Yum Brands? (#500 on Fortune 500 list, 5x BTC marketcap)
Love that Taco Bell

So if you believe crypto will be worth the same as TacoBell/KFC, then BTC $2500 is a price parity
Maybe crypto is worth more than a fast food chain conglomerate? No offense to Yum Brands!, but we are talking about the next form of money. In my book, quite significant.

What happened? My theory is some active attempts to increase the volatility, or at least encouragement for market participants to do so. Burn enough with massive volatility and the masses will avoid it. Coordinated arrests, hearings, bad news to change the markets mood. Basically the same thing was done to BTC as what happened to BBR. For no apparent reason the price just kept going down and it starts to death spiral, when the volumes (interest) goes away the end is near. But wait! There is nothing wrong with it, in fact it is quite good. So it is really just a form of propaganda enforced by financial losses.

How was it done. The Trampoline Maneuver. This is where you push the price in the opposite direction that you want it to go. I have described this on the BTCD thread as we had a trampoline jumping monkey for a while. The rise to $1200 for BTC was really quite rapid and too fast. It was no sustainable. So now at $500 we are looking at a lot of people hodling with a loss or have already bailed out and still under 50% from ATH.

What if there was no monkey on the trampoline to push the price up?
What if instead there was normal steady price growth with much less volatility to get to $500?

I think with everybody in profits, steady gains combining to giant ROI, the mood in crypto would be that of many happy. Instead things have become some sort of vicious angry envy filled zerosum dog eat dog not happy place.

We can all change this, and while it took the anti-crypto forces quite a while to coordinate this monkey on a trampoline thing against BTC, the crypto world can be much quicker to heal the damage. Just look at BBR.

James

P.S. If anybody wants to be the centralized single point of failure decision maker on allocation of SuperNET funds, just post here and if the community wants you more than me, I am glad to step aside.

P.P.S. I think it would make sense to setup up some sort of trusted escrow for each 1000 BTC raised. I am not so familiar with proper BTC escrow places, so maybe someone from the community can head up the selection of the escrow places. Like posted before the SuperNET funds are for long term HODL and so cold storage is what is needed most of the time. When there is a new coin added, then a swap for the new coin. Some details needed as most BTC escrow places probably cant handle some new altcoin. Hopefully these are details that the escrow team can solve

P.P.S. This whole identity thing... If you are not comfortable with my abilities, integrity and past performance it is quite simple: dont invest I am pretty sure SuperNET will get more than enough BTC for the construction of the giant fiat sucking machine as it is. Also, what if I am an AI? I think a lot of humans would be uncomfortable with that. Regardless of what my identity is, there will be many that will use it against me. What if I am Jewish? What if I am black? What if I am handicapped in a wheelchair and have to use a voice synthesizer? What if I am ugly? What if I am pretty? What if I am a girl? What if I am young? What if I am old? What if I am ...  You see, any actual identity and some faction will dislike or downright hate it. Best for no identity, in any case, soon it wont matter. Once crypto is united and all the required functions are staffed by competent peoples, I can go back to my zen routine. That is my goal, to become obsolete as soon as possible. Please help!

+1000

Your concepts sound exciting as ever! And amazing to read you are working 100 hours a day, be sure not to get burned out. We need you in crypto!  

Now that I swamped my inbox, I think the proper procedure for coin application is for a representative from the coin to post in this thread.

noashh will do a pre-screening, eg. clones need not apply, there is at least one unique feature, etc.

Then it goes to a deeper tech analysis by chanc3r (nxt nick) and mobius/whale for biz stuff

Then it comes to me. I hope everyone can understand I dont have the time for looking at all applications until there is a very good chance for inclusion in the SuperNET core

James

Do you guys remember the launch of Maidsafe where their IPO was in BTC and Mastercoin MSC.

Well that really didn't work out for them as it only pumped the MSC price before the IPO as a lot of investors bought MSC for the IPO.

After the IPO completed the price of MSC tanked and they are now left with a whole lot of MSC they don't know what to do with.

They explain it in this recent interview they did on the Keiser Report.

https://www.youtube.com/watch?v=r9MHr0zkIyk

Based on this I wouldn't like to see SuperNET IPO like this, best to stick to BTC and your own coin BTCD James.

Low investment - super high risk - possible super returns!

With you I can not keep up 
And regarding SIM, you will certainly have done everything right 

I was not wrong with BTC when it was first 5$, then Mastercoin (did x25 from where I bought, now dead), then NXT (I was one of the 73) - also Blackcoin, Darkcoin, Monero...

What are your success stories to challenge me?

EDIT: I had seen nothing from MSC and NXT too

Have you ever seen what you've bought?

James you should also make it a requirement that any coin that enters the SuperNode Network also has to be traded on the MGW and also use your MGW asset in the initial funding along with the other assets. Imo.

XMR bring I2P feature.

The plan is to add coins with unique features into supernetwork core.
Other coins who are based on btc ( in the beginning - later support for other coins will be added) can use supernetwork by just calling supernetwork api.


So if xmr doesnt bring something beside CN anon tech to the table i guess the answer is no

@jl777

So because BBR is being added to the core, does this mean that Monero can not be part of the core because it does not bring any new features that BBR hasn't already added? And Monero, if it gets added will be in an arm spiraling off the core somewhere?

Yeah , nobody hates some free coins.

I am sure the whales will use this opportunity to sell, so the price is unlikely to go very high, but that's good for distribution, very good time to get cheap NXT yeah. 5k satoshi could very well be the floor, but you never know with cryptos

How interested are you? Not interested enough to read the thread I guess. I am amazed at the comments here. People asking for a summary of the OP cause it is "too long". Take 10 mins to read the OP and maybe another 30 to read the full thread.

Threads like these get so long so fast because people keep coming in and asking questions that have been answered numerous times already.