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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 124. (Read 1192053 times)

sr. member
Activity: 686
Merit: 250
Guys, prompt where I can look at what projects were and will be on Komodo blockchain? I am familiar only with Monaize, but the company I have dragged on, doubt that there will be success. Sad
member
Activity: 121
Merit: 61



Decker's 2018 Notary Proposal: https://deckersu.github.io/


Who am i?

I am an IT expert and systems engineer. I’ve formed part of the Komodo team since 2017. During which time I contributed to Komodo in the form of development towards the KomodoQT (KomodoOcean) wallet - the world's first GUI wallet for a zero knowledge fork that supports KMD and all its parallel chains. Additionally I assist the team in testing and development of new dapps.

Why Vote for Decker?

In addition to the wallet development I took part in the creation of the first CHIPS wallet, building BarterDEX core for Windows. Active member of the community with plans to support the platform in the long term. Notary node funds will increase my resources to improve Komodo dapps.

Proven Skills

  • I can handle a wide spectrum of the Komodo infrastructure.
  • Deployment and support fail-safe work of KMD and parallel chain explorers, hosted on my own VDS servers.
  • Software testing, software programming.
  • Making blockchain snapshots, writing and translate documentations for users.

I’ve decided to become a candidate for the European / Asia and Russia regions and I count on your support!

How to Vote?

VOTE address:
Code:
RARcozaVAMZaXJaL6KWMSw297xTYzbDwa3
zVOTE address:
Code:
zc9re8upRd4zZQ7Zs1qm1BnsXtEQ8yhQm3UeWkAugto5FwfgH6NoKTGqKM47K2QNus3CV5h3Kd3wUfzzjctZvj5S3EDFZqH
member
Activity: 79
Merit: 10
What I want to know is do candidates have to declare if they're paying someone else to run their node, are all current candidates running their own nodes now, or are some still hiring guys like badass? That turns me off much more than a tech guy sharing profits for votes, unless that person does some amazing work for komodo. Hiring a node operator only makes sense for community pools.

Whales probably need to hire node server techs too

newbie
Activity: 420
Merit: 0
sr. member
Activity: 406
Merit: 250
If a guy is really committed to getting a notary he will pay for his chance, so he probably makes a good operator, but community pool would share all profits with small hodler, so no need for whales at all. Crazy, epic fail little guys  Grin

We all want to elect the best possible NN operators, I think that's a given. The task is how best to compare different candidates. Some assume candidates buying VOTES would be more likely to run less reliable notaries, although I don't conclude that myself, and don't see the logic of that proposition. A determined candidate wants to win a place, and securing support by sharing revenue can help do that, but it doesn't follow that this guy would be more unreliable or dishonest just because he is determined to win, and is prepared to take a smaller return for himself to do so. Actually, I see the opposite, a guy who takes a smaller profit to secure a NN is thinking long term, and a guy who says vote for me and I will do some good projects might be saying anything just to get elected, and might run a terrible node. People can say one thing and not do it (some did last time), but a candidate who offers profit sharing for VOTES can't easily back away from that, else have their rep trashed publicly.

It's easy to use community rep and past performance to judge candidates running a second time or to get additional nodes, but for new entrants making promises about future projects and undertakings that will benefit KMD etc, I am less convinced, and guys can promise one thing and deliver a lot less or it turns out their projects mostly benefit themselves.

What I want to know is do candidates have to declare if they're paying someone else to run their node, are all current candidates running their own nodes now, or are some still hiring guys like badass? That turns me off much more than a tech guy sharing profits for votes, unless that person does some amazing work for komodo. Hiring a node operator only makes sense for community pools.
sr. member
Activity: 756
Merit: 268
I'm surprised community pool idea didn't fly this time, only whales with +500k KMD can affect individual candidate chances to win a NN, community pool would have given small guys a chance to pool votes and then get 100% of net profits. No brainer idea, I think too much apathy for small investors, leave the whales to negotiate the deals for much less % in private. If a guy is really committed to getting a notary he will pay for his chance, so he probably makes a good operator, but community pool would share all profits with small hodler, so no need for whales at all. Crazy, epic fail little guys  Grin

Good point, community pools likely next year, if KMD hits a new ATH this year it's a certainty almost. I read some people saying profit share is too small to bother with, well my bank pays 2% on a 12 month term deposit, so it's all relative IMO.

For argument's sake, assume a community pool won a notary with ~1 mil VOTES/KMD, so NN yearly net profits were divided into 1 mil pieces. Do the math, at KMD=10USD and ~1500 KMD NN profits per month,

1500*10 USD*12 months = 180K profit

With 10mil KMD invested, that would be ~1.8% return. I don't know what running a NN would cost, but if KMD exceeds 10 USD later this year a community pool could be offering competitive % rates with a bank term deposit, and everyone would still have access to their KMD.
full member
Activity: 476
Merit: 133
So,

Where does Komodo interest come from?
consensus by all nodes

I know that is a bit hard to understand, but basically it is in the rules of the blockchain and all nodes enforce this.

Hahah  Smiley

It IS hard to understand Smiley    But Thank you Smiley    I like it Smiley


So, if I get a block reward, and earn 3 KMD:

Does Komodo increase by 3 KMD?     Or,  by  3*1.05 KMD?

Thank you Smiley
3
newbie
Activity: 9
Merit: 0
So,

Where does Komodo interest come from?
consensus by all nodes

I know that is a bit hard to understand, but basically it is in the rules of the blockchain and all nodes enforce this.

Hahah  Smiley

It IS hard to understand Smiley    But Thank you Smiley    I like it Smiley


So, if I get a block reward, and earn 3 KMD:

Does Komodo increase by 3 KMD?     Or,  by  3*1.05 KMD?

Thank you Smiley
full member
Activity: 476
Merit: 133
So,

Where does Komodo interest come from?
consensus by all nodes

I know that is a bit hard to understand, but basically it is in the rules of the blockchain and all nodes enforce this.
sr. member
Activity: 756
Merit: 268
The election is on a slow simmer now, not many VOTES cast yet. I wonder if many candidates will tweek their proposal as we get closer to the end, is that even allowed?

If a candidate was just a few thousand VOTE from getting a NN could they do some last minute pork barrelling or deal making , temptation will be high. Next 10 days will be fascinating to watch.

I honestly can't decide who to vote for yet, I expected more candidates would be buying VOTE with profit deals for voters,  just to get elected , and then try and stay in the top 30 thereafter,  it's hard to compare promises like "we'll do great things for KMD with some profits", some guys last year seemed to make commitments that weren't exactly met, but too vague  to quantify effectiveness of things like promotion and going to conferences. My father in law is an academic and he openly admits he only submits papers to conferences now, never journals, and only to visit cool places. He reckons he's recycled 5 articles and travelled on the universities dime +20 times for awesome holidays. I get the feeling crypto conference circuit is a bit the same, but hey, if you get a NN, and you promote KMD, all power to you!
newbie
Activity: 9
Merit: 0
So,

Where does Komodo interest come from?
hero member
Activity: 1022
Merit: 504
GoMeat - Digitalizing Meat Stores - ICO
Is there  a new agama release after .30c version before we cast our votes? Just want to verify because electing notary nodes is crucial to the operation of Komodo ecosystem.
member
Activity: 115
Merit: 11
https://dexstats.info
As far as I understood, all addresses of all coins in Agama are derived from the seed. I am wondering if it is possible to imply to other addresses if one address is known. For example, if I share my BTC address generated with Agama, is it possible to imply from that to my Komodo address?
in SPV mode there is a single address that is generated from the privkey and yes, given one coin's address the address for all other coins are easily calculated.

marketmaker even has an api to do this:

curl --url "http://127.0.0.1:7783" --data "{\"userpass\":\"$userpass\",\"method\":\"convaddress\",\"coin\":\"BTC\",\"address\":\"1KPctPk4Zs4Qbe1x32A5bC1roAnmpvi9Fy\",\"destcoin\":\"KMD\"}"


https://dexstats.info/addressconverter.php

in case you need a user interface it converts addresses
newbie
Activity: 24
Merit: 0

Is the voting based on regions this time, are there still going to be 16 NN in each region?

I can see a scenario where a candidate gets enough VOTES to be in the top 30 in the election, but they are in a sort after region with many candidates, and they don't win one of the available places to make up the 16 from their region. What would happen in that situation? Would they get option to move to another region?
We wont be enforcing it directly, but the limit of one node per region will prevent getting too imbalanced. Also, unlike last year where there were no pre-existing notaries and it wouldnt have been good to have them all clustered, this year half the notaries are in place already and pretty spread out, so we will let the elections decide where exactly the nodes end up

That makes sense, good decision! If an imbalance in the regions does occur you could always give a slight advantage to candidates running in that region next election to compensate, get more high quality candidates running in that region.
Yes, and if anything this way the geographic distribution will likely more correlate to the userbase locations.

Of course if we end up without any nodes in a region where there should be, we will fix that in the following election.

By only electing for the bottom half, we preserve the top half each year and it provides the stability to the notarizations, while still allowing anybody with skills to get a notary node spot. There is no need to have a large stake, or lots of mining hardware or even lots of money. We need notary operators that can manage the servers, using unix command line, making docker images, bash scripts, or are even full stack devs and all the technical work that goes into running a network.

I want to discourage votes for candidates without a solid technical background as they wont be able to help at all if there are technical issues and that is the role of a notary operator.

So assuming that a candidate has sufficient technical skills, ie. would you ask them to help you out with a shell script that isnt quite working right, the the secondary factors would serve as a tie break for your VOTE2018

Keep in mind some candidates already have one (or more) in the top half and already are notary operators. Many are also KMD team members. These can be viewed as either an advantage or a disadvantage, there is no agreement internally on which it is. So we are taking the position of disclosing all such pre-existing relationships and letting the voters decide what is and isnt important

geopreference: it turns out that there is a simple way to balance the geo-regions. basically just go down the richlist until you find a candidate in that region. So by picking an unpopular region, it might give an advantage

Im a little confused about how many nodes are up for election in any given region
full member
Activity: 476
Merit: 133
As far as I understood, all addresses of all coins in Agama are derived from the seed. I am wondering if it is possible to imply to other addresses if one address is known. For example, if I share my BTC address generated with Agama, is it possible to imply from that to my Komodo address?
in SPV mode there is a single address that is generated from the privkey and yes, given one coin's address the address for all other coins are easily calculated.

marketmaker even has an api to do this:

curl --url "http://127.0.0.1:7783" --data "{\"userpass\":\"$userpass\",\"method\":\"convaddress\",\"coin\":\"BTC\",\"address\":\"1KPctPk4Zs4Qbe1x32A5bC1roAnmpvi9Fy\",\"destcoin\":\"KMD\"}"
full member
Activity: 476
Merit: 133
How do we see vote totals?

Since some are running in multiple places it would be great to see how much support they are getting in the various areas.
https://dexstats.info/votelist.php
newbie
Activity: 24
Merit: 0
How do we see vote totals?

Since some are running in multiple places it would be great to see how much support they are getting in the various areas.
sr. member
Activity: 784
Merit: 253
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