Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 105. (Read 1192381 times)

The recent drop in BTC prices has led to a loss of confidence in KMD, but I believe he will do well in the future.

"In Crypto, the competition is not each other, it is fiat. If any Crypto does well, we all benefit." --Jl777

We are among like-minded people in the KMD community, most realize this is much more than just 'investing'.

Good luck, time for me to disappear and dive deep for a while

Thank you for your reply. I've been in the Crypto World since 2013 and I know these issues.
But Komodo is a highly advanced crypto platform, not a simple copy-paste of Zcash. That's why, James should solve this problem, Instead of wait for the solution of Zcash development team.

The problem is with Zcash itself, they disabled wallet.dat encryption because it could corrupt z-addresses and led to loss of all funds on them:
https://github.com/zcash/zcash/blob/master/doc/security-warnings.md
Afaik there is no solution for this issue yet, when Zcash fixes this problem then Komodo will inherit the same fix

For now don't backup your wallet online, encrypt your hard disk and don't share the computer with people you don't trust

In the native mode, no seed is given to you. For example, if my computer is confiscated by the police, since my wallet.dat file has no password, they can spend my coins easily. It is very strange that the JL777 has considered infinite options for Komodo platform, while has not paid attention to such an important option!

I'm not a troll. I only have a lot of Komodo coins and I want to keep it in a full node and fully secure wallet. The password setting option is one of the most basic necessities of a wallet in the crypto world.

In the native mode, no seed is given to you. For example, if my computer is confiscated by the police, since my wallet.dat file has no password, they can spend my coins easily. It is very strange that the JL777 has considered infinite options for Komodo platform, while has not paid attention to such an important option!

I'm not a troll. I only have a lot of Komodo coins and I want to keep it in a full node and fully secure wallet. The password setting option is one of the most basic necessities of a wallet in the crypto world.

By using a seed / priv key which you dont share with nobody. Or what do you mean?

WTF!!!
The agama wallet native mode doesn't have any option for setting password!
How to keep my coins secure in agama native mode?

I agree 100%, in the last 12 months I have had accounts frozen without warning on bittrex & poloniex with funds trapped, and my main Bank account closed because I had many transactions coming from a registered and legally compliant crypto exchange in my country with fiat options, and I was fully KYC'd on that fiat exchange and doing absolutely nothing illegal, and paying all taxes. This is the reality now, crypto use is under attack even when it's legal and you're following the rules. This is why I believe in KMD and BarterDEX, I should be free to use my money as I want, but I am forced by my employer and some utilities to have a Bank account with debit/credit card facilities, but the Bank can arbitrarily close my accounts because I use crypto currencies. This is wrong, people should not be treated like criminals for wanting freedom over their finances!

Thanks for the feedback

I agree the crypto space can be very intimidating for non tech people, I've modified my approach quite a bit since I first started. In the early days, I thought diversification into alts was a good strategy, but later I found I just didn't have the time and skill to do enough in-depth research to make good investment decisions, and learning how to secure everything kept me awake at night. Leaving coins on exchanges because you don't feel comfortable using the wallet securely is asking for trouble, eventually, you will be the victim of an exchange hack, account freeze, government crack-down or exit scam by the exchange owners, so you have to control your own private keys to sleep well at night.

About 18 months ago I decided to simplify my portfolio down to just a few great coins I actually understood and believed in, and then the task of keeping up to date as a user is not so intimidating. Warren Buffet says good investing is like batting in baseball but without the three strikes and you're out rule, so it doesn't matter how many potential 'hits' you miss by not having a swing, it only matters that when you do swing your success rate is very high. KMD is by far my biggest asset now, so for me it's essential to keep up to date, plus the tech and vision jl777 has created is mind blowing, so I'm extremely confident KMD will be a home run eventually.

In my earlier crypto days I was always chasing the next big thing, but unless you're working at this full-time the landscape is too big now, probably even working full-time if you're a lone wolf, so a better strategy for me has been learning to not worry so much about mooning coins that I didn't invest in, I just concentrate on the quality coins I have invested in and use my limited crypto time (before 6am & after 9pm) to stay up to date.

I made an outgoing transaction from the Agama wallet, as a consequence a new address was created to receive the change, I then emptied that new address, and it disappeared (I'm displaying all the addresses even the empty ones). Is this behavior expected? Is it possible to retrieve the private key of that address? Thank you.

Still ultra bullish on this coin. Atomic swap will be certainly a determining feature that is and will make KMD stand out from the crowd. Still convinced it can be a top 10 CMC contender.

I have a lot of KMD so I am doing well in crypto assets, but I don't trade or mine coins so I have no crypto income as such. I could sell the 5% interest and live off that comfortably, and eventually I will need to do that (or run a NN myself), but selling will slowly diminish my VOTE, and in these early years I value the VOTE very highly as it allows me to have some influence over how komodo evolves in these formative years.

The notaries will always play a critical part in the ecosystem, not just technically from notarising, but also in providing talent in other areas like governance, infrastructure, marketing, assisting jl777 with dev work, and generally keeping the platform as decentralized and open as possible.

There will always be a tendency for existing NN operators to form personal bonds and support each other, and this is natural and not something we should ever discourage, BUT, it is a powerful centralizing force if it means we end up having a few guys in the inner sanctum running multiple NN and new guys without capital to buy enough KMD to elect themselves don't get a chance. Think of jl777 like a President/Prime Minister, is it better to have 4 guys in the Cabinet or 40?

I understand some people don't like this approach, but I want to have some influence for at least 5-7 elections and getting some rev share will help me to do that. I know it's a bad look for some people (selling VOTES), but outside family and very close friends most interactions are 'transactional' in nature - you give me something I want and I'll give you something you want in return - even if the thing we are giving/receiving is 'good vibes' from some non monetary interactions.

For some KMD holders the thing they get in return for their vote is some peace of mind from supporting a candidate they appreciate, and from knowing they supported someone who will run a good NN, and that's great, I totally get that, but the voter turnout indicates a lot of small/medium holders don't value that satisfaction highly enough to bother voting at all, and that further advantages incumbents and their supporters who will always vote.

If I keep my VOTE % around the current level I can keep the door open for new talent for a few years, and all I will ever get is a rev share in their first year, or if they don't make the top 30.