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Topic: [ANN] SuperNET NXT asset 12071612744977229797, SUPERNET KMD assetchain in summer - page 307. (Read 736777 times)

hero member
Activity: 560
Merit: 500
Hi can you explain in much more detail how anyone outside of who controls the funds raised would benefit financially from this?

Quote
Hence the Supernetwork IPO. It will use the funds raised to privately purchase coins prior to public announcement of their acceptance into the Supernetwork, also for some after market support and maybe even market making to provide liquidity. I will capitalize it with my personal holdings of the assets that are benefiting from the Supernetwork, sharkfund0, InstantDEX, NXTprivacy, Privatebet, Tradebots (aka NXTcoinsco).
legendary
Activity: 1176
Merit: 1134
@catinthebox

putting your eggs in one basket is not wise and if you're looking for a good ROI I would rather advise you to invest a portion into BTCD since it will be at the core of the superNET.

I will invest into the superNET IPO, not because I expect a good ROI, but because I support the cause and it will greatly reflect on the BTCD value and every other coin that joins.

You really think btcd will rise?
Have you check the sell order on bittrex?
You need 95 btc investment to rise till 0.01255000.
It's hard...very hard.
I think early buyer of btcd are the winner.
Who enter now just will take small profit.
Maybe i'm wrong......


It will definitely take longer than 6 weeks to get another 60x gain with BTCD
If you are in such a hurry, then BTCD is not for you. We have whalegames and all sorts of chaos with prices. If you are deciding on investing based on orderbook, then there are plenty of coins with not much sells at all.

Another good way to get 10x on your money in a few hours is to find a casino with roulette wheel. Just bet on red (or black) 3 times in a row parlaying all you win. About 10% of the time you will end up with 8x gain in very fast time!!
Let us not worry about the other 90% of the time

So if fast casino action is your game, BTCD is not for you.

James

P.S. Please estimate the likely amount of total crypto services (Teleport, InstantDEX, Tradebots, Privatebet,...) 100,000+ people will use per month. Take some 10% of that and this is for just 1.2 million BTCD.
legendary
Activity: 1176
Merit: 1134
@McDoxy

I don't plan to go all in with BTCD, but I am curious as to the man's intentions and opinions about other high potential short/long term investments for someone in my position.

JL777! I made a thoughtful post at the end of page 3 in case you missed it!
i saw it, I think it sets the record for number of questions Smiley
I will get to it
legendary
Activity: 1176
Merit: 1134
Hi I have read everything in what you wrote...It's very impressive!!

We are currently working on an unknown 2nd gen crypto currency project which can instantly issue a new coin for anyone within a single blockchain.
The good point is that not all the coins needs mining since there is only one blockchain! And we can flexiblly apply different consensus algorithm if we have multi-blockchains. In this case, people choose their favorite algorithm to reach consensus.There will be massive kinds of coins in the future,and no doubt the future is completely decentralized and linked together, via P2P Dexchange we thought, but now I think supernetwork is more awesome!
We would like to join the supernetwork if possible.If you like,we can even cooperate with each other.

Looking forward to your reply!
Thanks for your interest. As you get closer to release, just send me more details, URL of github, etc.
I look forward to it
legendary
Activity: 1240
Merit: 1001
Thank God I'm an atheist
hero member
Activity: 700
Merit: 520
You need 95 btc investment to rise till 0.01255000.
It's hard...very hard.
LOL

95 btc are peanuts little man

~CfA~
newbie
Activity: 4
Merit: 0
@McDoxy

I don't plan to go all in with BTCD, but I am curious as to the man's intentions and opinions about other high potential short/long term investments for someone in my position.

JL777! I made a thoughtful post at the end of page 3 in case you missed it!
member
Activity: 96
Merit: 10
@catinthebox

putting your eggs in one basket is not wise and if you're looking for a good ROI I would rather advise you to invest a portion into BTCD since it will be at the core of the superNET.

I will invest into the superNET IPO, not because I expect a good ROI, but because I support the cause and it will greatly reflect on the BTCD value and every other coin that joins.

You really think btcd will rise?
Have you check the sell order on bittrex?
You need 95 btc investment to rise till 0.01255000.
It's hard...very hard.
I think early buyer of btcd are the winner.
Who enter now just will take small profit.
Maybe i'm wrong......



I'm talking about long-term gains. Who knows what will happen short-term.
hero member
Activity: 644
Merit: 500
@catinthebox

putting your eggs in one basket is not wise and if you're looking for a good ROI I would rather advise you to invest a portion into BTCD since it will be at the core of the superNET.

I will invest into the superNET IPO, not because I expect a good ROI, but because I support the cause and it will greatly reflect on the BTCD value and every other coin that joins.

You really think btcd will rise?
Have you check the sell order on bittrex?
You need 95 btc investment to rise till 0.01255000.
It's hard...very hard.
I think early buyer of btcd are the winner.
Who enter now just will take small profit.
Maybe i'm wrong......

newbie
Activity: 4
Merit: 0
Hi I have read everything in what you wrote...It's very impressive!!

We are currently working on an unknown 2nd gen crypto currency project which can instantly issue a new coin for anyone within a single blockchain.
The good point is that not all the coins needs mining since there is only one blockchain! And we can flexiblly apply different consensus algorithm if we have multi-blockchains. In this case, people choose their favorite algorithm to reach consensus.There will be massive kinds of coins in the future,and no doubt the future is completely decentralized and linked together, via P2P Dexchange we thought, but now I think supernetwork is more awesome!
We would like to join the supernetwork if possible.If you like,we can even cooperate with each other.

Looking forward to your reply!
hero member
Activity: 714
Merit: 500
I predict this smashing etherums ipo total
member
Activity: 96
Merit: 10
@catinthebox

putting your eggs in one basket is not wise and if you're looking for a good ROI I would rather advise you to invest a portion into BTCD since it will be at the core of the superNET.

I will invest into the superNET IPO, not because I expect a good ROI, but because I support the cause and it will greatly reflect on the BTCD value and every other coin that joins.
hero member
Activity: 644
Merit: 500
What are you gonna buy?
BTCD? NXT? j7? All three coins?
hero member
Activity: 700
Merit: 520
newbie
Activity: 4
Merit: 0
@jl777 ! I've been following your posts and think you're great. You're making your ideas real (hard enough) with amazing speed, it's an admirable quality that I seek. I currently have no money and have invested credit card debt into bitcoin after doing some expected value math and it turning out to be positive. I invested small amounts into BTCD before it tripled to it's base of 0.009 but not enough to pay off the debt let alone the ideal of freeing me from the clutches of minimum wage slavery. You say you've made enough money to be comfortable for the rest of your life and I too wish to achieve that and then go on to cause my ideas to exist in reality, they're big ideas and I'm going to need to devote a lot of effort and time to them, a regular soul-crushing job has no place in my life. ANYWAYS SuperNET is a great idea, I had been thinking about how to beat BTC which I now realize was a non-starter. Going NEXT LEVEL is how you make the world better, beating BTC with a different coin is a linear non revolutionary way of thinking, all the coins with faster block times and lower transaction fees don't get it, but you do man, you're a visionary.

1. I come to you to communicate my respect and envy for you and your advice if you don't mind. The supernetwork, should I be investing in it with my small amount of btc (3.5 right now could make it 5.5-6 total if I were to stretch resources) expecting a substantial ROI?

2. I'd love to support the supernet but don't think I'm in a financial position to have funds locked up in it before it exists, or can i trade the assets on poloniex immediately after I purchase them?

3. Also regarding "click revenue". As I understand it (poorly) the superNET is going to be a nice zone where coins all follow the same coding rules via libjl777 and thus can interact with each other via the various services that are implemented to the SuperNET, which is why you want the coin devs to implement their unique features in the network. I'm unclear on what the nodes do in the supernetwork though, who are they hosted by and how will tx fees (betting, instantdex) be enough to justify operating a node (and should I run one in the hopes that I can make money off of it when it gets up and running?)

4. I'm not currently staking my BTCD but will if that somehow gives me a profit, I'm unclear how staking works and how you plan to revenue share with BTCD holders from the superNET and WHY you would do that other than incentivising the use of the base Teleport coin.

5. Poloniex is going to make the IPO live in the next week I imagine, so BTCD will undoubtedly get a boost, knowing your sympathy for making people money, what would you suggest is the best course of action for someone in my position (3.5 BTC, could make it 6 by Monday) in order to capitalize on this SuperNET IPO and BTCD getting a boost, do you think BBR is a good move (I know you're all about CZ but has all the money gone into it or will SuperNET IPO cause it to rise too) I'm new to all of this trading stuff, I'm a tech veteran though and I think I learn quickly.

I'd love to chat with you on skype/facebook or in real life if you live in Vancouver and thanks for your time man, your volume of thoughtful posts + coding all day is insane! PS I'll fire more clarifying questions after you respond, I know it has benefit for everyone else too.
sr. member
Activity: 574
Merit: 265
This is very interesting!.This time I can not miss it.  Sad
hero member
Activity: 689
Merit: 507
member
Activity: 112
Merit: 10
Opened up a Poloniex account to buy some. Waiting for this interesting thing to happen.
legendary
Activity: 1036
Merit: 1000
BTW Qora asset exchange will be up and running in 2 weeks  Grin Grin Grin

Sept 8  Cool
legendary
Activity: 1176
Merit: 1134
Very interesting idea, if a little bit short on details at the moment.
the purpose of this thread is to provide the details
please ask about any details you need to know

Well, firstly - will ppl access this network from the BTCD wallet or from elsewhere?

Secondly, I'm not clear on how you access the features of another coin - do you mean that people will be given the option to automatically convert a balance held in BTCD into another coin and then use that coin?

Thirdly, you reference supernet nodes - are these the nodes of BTCD, the nodes of all participating coins, or an independent piece of software?
Each coin continues to operate as it is, it is adding libjl777 to their coin and a button to their QT to launch a GUI
In the GUI there will be a list of features (sum of all the features from all the coins), then when it is selected the appropriate actions are taken.

BTCD is not part of the user experience for the other coins, unless of course the user chooses to use some BTCD features.

The InstantDEX will have a page in the GUI and you can do tradings peer to peer, some of these trades would clear using subatomic exchanges, others would clear via NXT AE, others via telepod swapping, etc.

SuperNET nodes means the total of all the nodes for all the coins. It is not necessary to run BTCD to be part of SuperNET, but you need libjl777 for all of my services and NXT for most of my services.
Usage of SuperNET will be at the option of the user. I think the first time they click to access the Teleport or any other service, then install sequence starts.

It seems that maybe it is better for the SuperNET to be a daemon that the other coins can RPC using localhost. This way there are no troubles for multiple coins on the same computer with both being in the SuperNET core.

Thank you! nice questions to clarify this

James
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