NN is a temporary crutch for the small hashrate, no need to turn it into a key one.
NN is the gateway to BTC hashrate
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 25. (Read 1192336 times)
April 06, 2019, 09:15:54 AM
NN is the gateway to BTC hashrate
April 06, 2019, 09:09:03 AM
The only advantage from revenue sharing VOTE bribes is increasing community participation,
That's a non-trivial advantage, a low voter turnout could be a problem.
April 06, 2019, 09:04:15 AM
NN is a temporary crutch for the small hashrate, no need to turn it into a key one.
April 06, 2019, 08:35:49 AM
It is competitive though!
Exactly, competitive elections of NN is essential for cementing dPoW as being decentralised with NN selection based on KMD stake ownership, so I hope candidates who step up and actually campaign a bit and have some good ideas & suggestions get rewarded by voters, plus it's a good way to focus the whole community and have some fun. The last election ended up very close and exciting at the end.
The next month should be pretty cool
edit: I also love how jl777 makes it known he doesn't favor vote bribes or revenue sharing but he doesn't disallow it, just says his opinion and leaves every other individual to make up their own mind. It's hard to predict what will happen this year
April 06, 2019, 07:33:14 AM
I disagree, the concentration of NN is bad for decentralisation and if it starts it'll be hard to undo coz notaries don't compete like PoW miners, so there'll always be a worry about collusion (even just a perception) if multiple NN are operated by a small clique of insiders who aren't required by the system to either compete in mining and invest in hardware, or put their capital on the line with PoS. That's why P-Trump is trying to encourage as many people to run as possible now before season 1 & 2 veterans run again and get more NN, and offering some voter bribes is a way to level the playing field with established NN who have good reps and more rusted on voter support from established relationships.
Crypto consensus is built on competition and risk/reward game theory dynamics, and as good as komodo dPoW system is technically, a weakness is the NN operators don't have to compete directly and don't have to invest much $$, so there's a risk of ending up with an insiders circle jerk when what we really want is 64 independent NN.
Crypto consensus is built on competition and risk/reward game theory dynamics, and as good as komodo dPoW system is technically, a weakness is the NN operators don't have to compete directly and don't have to invest much $$, so there's a risk of ending up with an insiders circle jerk when what we really want is 64 independent NN.
The only multiple notary candidates I'm voting for are PIRATE & kmdlabs (are they running in multiple regions?), and projects with 2-3 people working together.
Am I greedy if I take a bribe to vote for a noobie? lol
Been saying it since season 1 ... community pool nodes tick ALL the boxes
April 06, 2019, 06:43:51 AM
I predict Vote2019 will be the last chance for 'unknowns' without their own capital/KMD to get a NN spot easily, the competition from established crypto players will be immense next year, so small players will still have a chance, but it will be a lot harder without existing capital/vote & reputation.
If you are an unknown dev with skills consider the opportunity from running a successful NN in 2019, think of the out years where you either stay in the top30 and never face another election, OR, your contributions to the ecosystem build a solid reputation which gets you elected in subsequent years without any need forvote buying revenue sharing.
You might not have reputation and capital to secure a NN spot today, BUT, if you get elected this time with some 'assistance', and you work hard the future is in your hands.
How often in life do you see an opportunity for a talented unknown without their own capital to secure a golden opportunity like a NN, what jl777 previously described as a virtual 'money making machine'?
If you are an unknown dev with skills consider the opportunity from running a successful NN in 2019, think of the out years where you either stay in the top30 and never face another election, OR, your contributions to the ecosystem build a solid reputation which gets you elected in subsequent years without any need for
You might not have reputation and capital to secure a NN spot today, BUT, if you get elected this time with some 'assistance', and you work hard the future is in your hands.
How often in life do you see an opportunity for a talented unknown without their own capital to secure a golden opportunity like a NN, what jl777 previously described as a virtual 'money making machine'?
12 months is a long time in crypto but sounds like good advice, next election will be in a bull market probably too.
If I was a tech guy I'd think seriously about running, not many ways to make risk free money in crypto unless you're the lead dev of an ICO project or have a load of cash to invest in mining rigs and have cheap power.
How long until the candidate spam starts
April 06, 2019, 04:57:14 AM
jl777 said in discord he will not vote for any candidate that offers bribes to voters and he suggests everyone else do the same. You are right that when NN profits grow large competition between candidates will mean it is harder to get elected but the solution is community pool run nodes, not vote buying with % of rewards paid to voters. This year not many candidates so competition not so much.
+1
The only advantage from revenue sharing VOTE bribes is increasing community participation, NN profits should go to devs & bounties
BE READY TO GET OUT AND VOTE KOMODO COMMUNITY
April 05, 2019, 12:02:13 PM
You claim that Jl777 hasn't finished even the smallest projects in the last 6 years, I'd like to know which ones.
Thank you
You are right!Thank you
Because at that time you probably were not familiar with Bitcoin and cryptocurrencies!
TL;DR : James defined about dozens of crypto projects in year of 2014 and after that.
then he was created and offered assets for each project on NXT platform. After that, time passed and no progress was made in the projects. then these assets were undervalued and obliterated, and many investors were affected like me. after that the game has continued until today, by converting it's projects to each other and changing their names and goals.
I was also active in the crypto universe at James' NXT times.
I also own these assets.
These assets were migrated to the KMD chain.
Projects like JumblR, Dex and other assets have been functional for a long time now -
Dex is even the world leader with over 116000 Atomic Swaps!
So I can't understand the statement that many projects were not finished here.
SuperNet is active, please better inform - so do you have another example for me ?
If it's active, is it paying dividends!? i don't think so. Plus it's not trading, doesn't appear to be worth anything. I could be wrong.
Dividends will be payed if the asset reaches 1 Million $ in revenues + it´s trading on BarterDex/HyperDex, soon the OTC Platform barterlly and you can buy / sell it here https://www.coinexchange.io/market/UNITY/BTC
April 05, 2019, 11:09:47 AM
You claim that Jl777 hasn't finished even the smallest projects in the last 6 years, I'd like to know which ones.
Thank you
You are right!Thank you
Because at that time you probably were not familiar with Bitcoin and cryptocurrencies!
TL;DR : James defined about dozens of crypto projects in year of 2014 and after that.
then he was created and offered assets for each project on NXT platform. After that, time passed and no progress was made in the projects. then these assets were undervalued and obliterated, and many investors were affected like me. after that the game has continued until today, by converting it's projects to each other and changing their names and goals.
I was also active in the crypto universe at James' NXT times.
I also own these assets.
These assets were migrated to the KMD chain.
Projects like JumblR, Dex and other assets have been functional for a long time now -
Dex is even the world leader with over 116000 Atomic Swaps!
So I can't understand the statement that many projects were not finished here.
SuperNet is active, please better inform - so do you have another example for me ?
If it's active, is it paying dividends!? i don't think so. Plus it's not trading, doesn't appear to be worth anything. I could be wrong.
Asset revenue/dividend streams are threshold-based. As for trading, not actively listed on any CEX but still traded OTC and via BD (prior to the MM2 ramp up). Last I recall (and it has been awhile), Supernet was priced at around 25-35 KMD per.
April 05, 2019, 10:02:52 AM
You claim that Jl777 hasn't finished even the smallest projects in the last 6 years, I'd like to know which ones.
Thank you
You are right!Thank you
Because at that time you probably were not familiar with Bitcoin and cryptocurrencies!
TL;DR : James defined about dozens of crypto projects in year of 2014 and after that.
then he was created and offered assets for each project on NXT platform. After that, time passed and no progress was made in the projects. then these assets were undervalued and obliterated, and many investors were affected like me. after that the game has continued until today, by converting it's projects to each other and changing their names and goals.
I was also active in the crypto universe at James' NXT times.
I also own these assets.
These assets were migrated to the KMD chain.
Projects like JumblR, Dex and other assets have been functional for a long time now -
Dex is even the world leader with over 116000 Atomic Swaps!
So I can't understand the statement that many projects were not finished here.
SuperNet is active, please better inform - so do you have another example for me ?
If it's active, is it paying dividends!? i don't think so. Plus it's not trading, doesn't appear to be worth anything. I could be wrong.
April 05, 2019, 09:26:42 AM
The truth is that, KMD is not comparable with EOS in any aspect.
I am with you when it comes to that Komodo is not one to one comparable to EOS. Nevertheless, Komodo as a platform has made great progress recently and can therefore be compared very well with EOS in some aspects. If the roadmap is fully implemented, Komodo will be completely comparable to EOs in the future. Komodo is no longer just a further development of BitcoinDark.
There is no end for progression of crypto industry and also there are no projects that can be without bugs.
True. I didn't want to say that Komodo does not have any, but they have appeared at EOS so far.
April 05, 2019, 07:26:14 AM
You claim that Jl777 hasn't finished even the smallest projects in the last 6 years, I'd like to know which ones.
Thank you
You are right!Thank you
Because at that time you probably were not familiar with Bitcoin and cryptocurrencies!
TL;DR : James defined about dozens of crypto projects in year of 2014 and after that.
then he was created and offered assets for each project on NXT platform. After that, time passed and no progress was made in the projects. then these assets were undervalued and obliterated, and many investors were affected like me. after that the game has continued until today, by converting it's projects to each other and changing their names and goals.
I was also active in the crypto universe at James' NXT times.
I also own these assets.
These assets were migrated to the KMD chain.
Projects like JumblR, Dex and other assets have been functional for a long time now -
Dex is even the world leader with over 116000 Atomic Swaps!
So I can't understand the statement that many projects were not finished here.
SuperNet is active, please better inform - so do you have another example for me ?
April 05, 2019, 07:22:52 AM
If you think the only difference between EOS and KMD is the time of new block generation, you have a big mistake. EOS is the most largest and most successful project in the history of cryptocurrencies up to now. EOS has earned more than $ 4 billion in the ICO, which serves the development of this huge platform, and this is the guarantor of the success of this popular platform. EOS is a well-designed and acclaimed platform which is the result of the experiences that Daniel Larimer has gained from its three previous successful projects. But KMD is made by the JL777 which could not been able to finish even one small project after six years of activity in the Crypto world.
EOS is worse than Komodo in all parameters except block time:
1. No proof of work
2. less bandwidth, 3000 transactions per second against 20000
3. a short address of 12 characters, which can be used to calculate the private key, the recent theft of the cold key from the exchange is proof of that
4. was freezing of the funds of the user with the requirement to explain the origin
5. there is no sense in the coin, Visa is better and Windows is better
1- Position in marketcap
2. The number of main exchanges
3. Daily trading volume
4. The amount of capital attraction
5. The number of investors and users
6. The power of the development team
7. Marketing
8. Number of development projects on the platform
9. and ...
I do like out of 8 actual bullets, only two relate to development and are just general statements at best. So far KMD has proven itself as a leader in atomic swaps, protection of actual projects, the first to roll out a pure zk-only chain, hardforking over 40 chains at once, on chain games, 20k tps, among countless other innovations. 2018 was a fantastic year for development and the few things listed here hardly cover it all
April 05, 2019, 06:50:27 AM
EOS is the most largest and most successful project in the history of cryptocurrencies up to now. EOS has earned more than $ 4 billion in the ICO, which serves the development of this huge platform, and this is the guarantor of the success of this popular platform.
Sorry but that statement is really weird. Since when does a lot of money mean to succeed? There are tons of examples of crypto projects or startups that have taken a lot of money and ultimately failed. I'm not saying that's what EOS needs to be, but EOS isn't the holy cow as you represent. EOS is still struggling with security problems and flaws. Besides, I can't see that EOS has solved a major problem, unlike Komodo. And Komodo has much less money available, but talented and dedicated developers.
Which holly cow?
I just answered the silly talk of KMD investors. The truth is that, KMD is not comparable with EOS in any aspect.
There is no end for progression of crypto industry and also there are no projects that can be without bugs. but KMD is the continuation of the BTCD project, which lasted about 5 years. But EOS just a bit over one year old. According to this point and any things that I mentioned earlier any wise person understands that KMD is not comparable to EOS.
Judging with expert people!
April 05, 2019, 06:05:31 AM
Sorry but that statement is really weird. Since when does a lot of money mean to succeed? There are tons of examples of crypto projects or startups that have taken a lot of money and ultimately failed. I'm not saying that's what EOS needs to be, but EOS isn't the holy cow as you represent. EOS is still struggling with security problems and flaws. Besides, I can't see that EOS has solved a major problem, unlike Komodo. And Komodo has much less money available, but talented and dedicated developers.
I read somewhere someone wrote that Quote
good projects come from good team, bad projects come from bad teams
But I disagreed with that, because good projects come from good teams, but bad projects can come from both bad teams and good teams.Sometimes even good teams can fail with their projects. Some products need time, special time to get success.
Steve Jobs is a great man, but he failed sometimes, right?
April 05, 2019, 05:20:38 AM
EOS is the most largest and most successful project in the history of cryptocurrencies up to now. EOS has earned more than $ 4 billion in the ICO, which serves the development of this huge platform, and this is the guarantor of the success of this popular platform.
Sorry but that statement is really weird. Since when does a lot of money mean to succeed? There are tons of examples of crypto projects or startups that have taken a lot of money and ultimately failed. I'm not saying that's what EOS needs to be, but EOS isn't the holy cow as you represent. EOS is still struggling with security problems and flaws. Besides, I can't see that EOS has solved a major problem, unlike Komodo. And Komodo has much less money available, but talented and dedicated developers.
April 05, 2019, 05:06:06 AM
It's about EOS not bringing the TPS they promise.
Central systems have, blacklists, almost all block producers in China are located, a 4 TB database after not even 1.5 years and on top of it still such bugs.
Which projects have not been finished that you are talking about here ?
Please do not sophistry!Central systems have, blacklists, almost all block producers in China are located, a 4 TB database after not even 1.5 years and on top of it still such bugs.
Which projects have not been finished that you are talking about here ?
I know James since the launch of the BTCD and I was an investor in his several projects that never ended and now I don't have free time to worthless argue with you.
history exist to clarify these issues!!!
so what is the purpose of you wasting time here?
April 05, 2019, 04:42:34 AM
You claim that Jl777 hasn't finished even the smallest projects in the last 6 years, I'd like to know which ones.
Thank you
You are right!Thank you
Because at that time you probably were not familiar with Bitcoin and cryptocurrencies!
TL;DR : James defined about dozens of crypto projects in year of 2014 and after that.
then he was created and offered assets for each project on NXT platform. After that, time passed and no progress was made in the projects. then these assets were undervalued and obliterated, and many investors were affected like me. after that the game has continued until today, by converting it's projects to each other and changing their names and goals.
I was also active in the crypto universe at James' NXT times.
I also own these assets.
These assets were migrated to the KMD chain.
Projects like JumblR, Dex and other assets have been functional for a long time now -
Dex is even the world leader with over 116000 Atomic Swaps!
So I can't understand the statement that many projects were not finished here.
April 05, 2019, 04:27:36 AM
The Komodo article has been listed on Krown (https://krown.io/story/cryptographic-hash-functions-explained-a-beginners-guide) Make sure to upvote your link!
Look at the state of the EOS and KMD in the crypto world. The rest of the talk is nonsense! 
April 05, 2019, 04:26:35 AM
Creator there's a lot promised and advertised, buyers were many when EOS was not make until but Komodo created silently and efficiently
ETH also made quietly and also cost $ 1 for a long time, fame began as soon as it bought by the first billionaire
Look at the state of the EOS and KMD in the crypto world. The rest of the talk is nonsense! ETH also made quietly and also cost $ 1 for a long time, fame began as soon as it bought by the first billionaire
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