Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 286. (Read 1192056 times)

LM is a differentiator against central exchanges and a lot of the other DEXs. Ripple has a liquidity illusion as last I checked you didnt need to even fund any bid or ask.

You say that it is just one if statement... Well, not sure if you ever wrote any programs, but you would need to use a very high level language that could implement LM with one if statement. If it is so easy to do, then why dont any central exchanges have LM? It would be in their interest as they would be able to get more commissions. Yet, not a single one does it. Probably because it is a lot more work than one if statement.

Also, you are comparing the proxy token DEX with atomic swap DEX. That is like comparing something that moves things around inside of a single system against something that moves things between different systems. Not sure how I can explain it clearly... Since you dont trust my technical skills, why dont you ask other devs how easy it is to make an atomic DEX? Other DEX devs are acknowledging barterDEX https://z.cash/blog/atomic-trades.html but again that is probably not relevant to you.

Now if all exchanges implemented LM, then we are all better off and that is not a bad thing. I have been too busy working on my tech that I havent had a chance to investigate the other DEX at a detailed level. Could they all implement LM, probably given time, unless they designed their system around the concept of allocating account balances to trades so deeply that it would need to be rewritten. LM is easier to do for a DEX than for a central exchange. I will let you think about why that is, maybe you will start to appreciate my skills a bit more for having understood this.

Also with an if statement, XOR and data load/store it is possible to create a turing machine and that means any program. So to say that something is just an if statement... well most all software is just some if statements with a bit of math and loading and storing data. It is like saying that no book can be hard to write as it is just some words.

This leads me to a question I left unasked. What is the importance of the rpcuser name and password? Should it be the same for everycoin setup with barterdex?

This is true for most cases, but not for all. The following will not work with just "sudo" in front of it:
The script was written with the intention to get BarterDEX installed quickly by just executing the commands as written there, without the need for too much explications.
BTW, when you order a server in a datacenter they will very likely send you login credentials for user root, so you get a server with a minimal linux installation and without any users configured, so you will always start with a ssh session as root. If you then follow the script line by line, it fits perfectly (assuming it is debian 9, ubuntu has slightly different package names, other versions and so on)

marketmaker communicates with the wallets through rpc-calls, it is not touching the blockchain files, but to be able to do this it has to read the config of the wallet to get the correct rpcuser and rpcpassword from there. This means that marketmaker (BarterDEX) has to run under the same user as the wallets.

http://Https://github.com/SuperNETorg/komodo/wiki/Setting-up-Liquidity-Provider-(LP)-Node#installing-liquidity-provider-lp-node-on-ubuntudebian-system

Here you go. Im sure the code is in here. You can answer your own question as to how complex and innovative it is instead of letting others do the work for you. Please let us know what you find after digging through the code.

Hope that helps

My question on liquidity multiplier (LM) was about the technical implementation of its algorithm. Since jl777 is saying that komodo offers LM which others don't, I wanted to see how innovative and complex it is?

@ka82

We have already established that the barterdex is allowing coin to coin atomic swaps

The liquidity multiplier is a feature allowing for extra degrees of trading freedom.

I believe your point is that because of the opensource nature of code and ideas anyone can implement this, therefore nothing special.

While maybe this is true, it fails to take into account the view of the larger picture. The whole of supernet is a suite of tools. Liquidity multiplier is a very powerful tool. Atomic exchange is a very powerful tool. Jumblr is a very powerful tool. Kmd, assetchains, chips, etc, are powerful tools. The system benefits from these powerful tools.

Liquidity multiplier is special because it makes all of the other tools more powerful. It gets extra points for being a feature almost no exchanges use.

If some other project decides that it is a great idea and uses a liquidity multiplier then everyone still benefits. The goal has never been to fight against ourselves to see who has the highest market cap.

OK, thanks! what's special about liquidity multiplier?

Etherdelta trades apples for apples

Barterdex trades oranges for pineapples or pears or bananas or .......

Hope that helps

This quote is refering to the competitive advantage the swiss have held in their banking system due to their secrecy.


Now compare this to komodo and the current political climate of the world. Komodo is set to become the new Switzerland of banking secrecy. Komodo is set to become a safe haven for digital assets.

Any comment on this?

Komodo announces 5 major developements underway:

• decentralized ICOs
  monaize
  atomic swaps
  bitcoin tumbler
  scalability solution

Additionally, the Komodo Platform announced a new release for their multi-coin wallet Agama is around the corner.

More info: https://www.cryptoninjas.net/2017/09/13/blockchain-platform-komodo-introduces-decentralized-icos-major-developments-underway/

Compare and contrast.


Do I want to "accelerate the adaptation of this technology to government organizations in the Russian Federation" or do I want to help provide much needed finance to small and medium businesses in the UK, France and Europe, putting life into struggling economy's?

For me that is the question.   

Let's not forget the close partnership with monaize, which gives a lot of credibility to everything they have achieved.
When during the following months the first dICO's start taking place and the asian markets take note of its potential it should reflect on KMD's price as well.

I've been following from the early days too, yet here we stand, with a working Jumblr, BarterDex, basilisk etc. Seriously, the groundwork has finally been established. Strange that you can't recognize how close the project is.

@awill333  I just love being called out by a Fanboy with so few posts. I work for myself I'm 58yrs old and have enough life experience to call it as I see it. I've been involved

in many of jl777 projects as an investor over the last 3yrs........the song remains the same, invest in this great idea, before that project is complete there is another project.

Someone or something lets the project down e.g http://www.jl777.org/ has been abandoned: Supernet got left behind because NEXT changed direction: Komodo website

down for months because the sites Dev's fucked off with the keys. Pangea has been in development since November 2014. And  the classic "I'm just a simple c programmer

and can't do GUI"

So please forgive me If I don't invest in Komodo. I just keep an eye on this thread hoping that there will be a wallet update that allows me to bring all of the Jl777 assets etc

that I already own into one place for the purpose of liquidation.

Cheers Jon  

Edit: I do not intend to insult James. I do not doubt his honesty ...I just think too many good ideas not enough time to finish them

hi, as a disclaimer, I am no expert with any of these tools are barely starting to get to the point of functional use. I haven't done my first atomic swap yet but I did setup most of it and it appears to be working. also on ubuntu. I am going to work on it a bit tonight and see if I can get a swap done with the GUI. some of what I post may very well be inaccurate and I hope to be corrected if so. from what I have seen there have been a couple tiers of instructions posted and they are not all exactly the same. the system has been evolving and it seems to have been geared more towards power users and is bit by bit moving towards greater ease for typical users. still it seems there is much work to be done for a simple and straight forward approach for the layman.

other than the ubuntu knowledge that i have accumulated from years of interacting with that OS, it seems we are in a similar place installing the barterdex. perhaps we can work together to achieve this. also i saw the question about the .iso disk as an prepackaged unit and this seems like a great plan. it may prove to be problematic though, but perhaps not. I have been mulling over the potential of this working and perhaps I will put an effort into design (as a community donation) if it seems feasible/possible. ubuntu likes to configure itself for the particular system upon installation installing the various drivers for that machine. however, with the .iso that they do provide perhaps it is possible? because the .iso allows a "try ubuntu" mode and it seems this is a fine generic config that works on all machines. perhaps we can integrate the barterdex and marketmaker as you suggest. this would be the 'magic bullet' for easy success installation of most users.

--> "The beginning line for the dex install says '# as root'. I googled this and came up with (sudo -i)"
just for an easy reference anything that installs 'as root' (which is typical to much installations done on ubuntu) can be called as the command is stated simply with a "sudo" in front of it. also if you would like a full command shell as root just type "sudo bash". when you type "exit" it returns to your 'user' account. be careful if you are using superuser command shell, not to erase of damage files inadvertently.

--> "At this point, I think the barterdex is running, I'm not sure how to check if I did it correctly. I'm also not sure what to do next/ how to use it. I don't really even know how to start or stop it. I just left it running."
a very helpful tool with ubuntu can be called typiing 'monitor' into the gui with the superkey (press the 'windows' button then type 'monitor' in the field) . this will load a process monitor from which 'komodod' and allies can be searched. it will also give you a hint into what is going on sometimes things appear to be stalled but when viewing through the process monitor you can see the cpu being used and know the system is not hung, just crunching math. from here you can kill a process if need be. also this page is helpful: https://github.com/SuperNETorg/komodo/wiki/Useful-commands-KNN .. in reference to the quote this command is particularly helpful from the command line: komodo-cli stop && bitcoin-cli stop && pkill -15 iguana
then you don't need to load process monitor to achieve the same result. I do enjoy the process monitor though it's a nice lens into whats going on.

--> "I see that there is no swing wallet for the linux kmd. If I so choose to use a gui, can I launch command line kmd then launch agama into native mode?"
there actually is a swing wallet that works great with ubuntu. and provided you don't need access to the assets or jumblr, etc, this wallet is great for t- and z- kmd transactions. it runs komodod and connects to the wallet.dat giving access to all privkeys, etc: https://github.com/ca333/komodoGUI    .. the installation is perhaps a bit tricky because it requires java runtime environment to be installed on ubuntu. i installed this a few months ago but I remember it was a bit glitchy getting the java set right as the environment needs to be specified to linux and the proper version of java i think was a bit problematic. however, I believe that installation with apt-get (from ubuntu repositories) _should_ put the right situation there are perhaps config the path as is required. although it was a bit glitchy to install the java as I recall, it could just be because of my initial approach. I do like this wallet though because it is simple and it functions very well on ubuntu. i saw some complaints on windows but I dont mess with that system at all, so I don't notice anything that is an issue with that one. It works in native mode and for me it was best to run Agama in native mode also. the agama basilisk mode was working but appears to sometimes require the cache to be reset and does not provide the privkeys for all the addresses in the wallet, so that was an issue for me. Agama in native mode worked great and gives all privkeys, etc because it's using the same wallet.dat the swing wallet does and komodod.

further, the komodo-cli works just fine and great! and is perhaps the simplest approach if not intimidated by command line function in linux. what matters is that you have your privkeys,.. theres a list of commands floating around for komodo-cli as the komodo-cli --help does not present the same list, it may be useful if you are going that route.

--> "Also how does the uglygui fit it? Should I ignore this or should I install this?"
like I said, I am no expert with these tools. Still figuring out how they all work together. but I have been playing with barterdex since it was in more advanced mode and achieved some functionality from the command line as all of the tools and scripts are present when downloaded. I think you have the same download instructions already linked without double checking.. those should have given you the marketmaker, iguana, and the supernet folder with those and the scripts, etc. these can all be used independently of uglygui as that's just a gui shell for all of the goodies that are included in the actual toolkit. when I first was checking this out I was following instructions for an LP node, just to setup as a client, and all seemed to be working great from the command line. It was a bit tricky for me because I had adjusted the default port settings in komodo.conf for other purpose and this breaks marketmaker's communication with the komodod.. without the uglygui I did get everything going I just didnt successfully execute a trade, however I did activate the coins and was able to view the 'orderbook', etc. So the gui is not necessary but it would likely simplify the equation for most users. I am going to do some tinkering with that now and check it out

-> "The other question I had about the install was the switching to barterdex user at the end of that section. When installing the marketmaker section, this is installed under the barterdex user. I assume this is correct? It also appears these instructions will install bitcoin (which i didn't do) under the barterdex user. Should I be installing all coins including kmd with barterdex user?"
this part was interesting also, when I did the Lp setup I just used the same user but perhaps using a specific user to barterdex grants needed privs and securities (?) I just started with the new install instructions and got so far as creating the user installing the tools again.. to answer your question though it seems to make good sense that any coins you are using are installed into that users account otherwise the tools may have permission problems when attempting to access the blockchains .. So I would assume to install and run everything under the same user.

edit: actually I think I am wrong here as the komodod and bitcoind are communicating through rpc calls not the user accounts.. my blockchains are already synced with a different user account that 'owns' them so now I am trying to I guess change permissions so the other user can read the blockchains then run the komodod and bitcoind with the barterdex user.. this should work, will right back

as for your final three questions, I am not fit to answer them yet but perhaps by tomorrow. I will run some tests and finish my install and try to get a swap done.. and when I have some data if it is not yet presented yet (the answers) then I will write again.

edit: re-indexing the whole bitcoin blockchain, again haha looks like I won't be doing a swap until tomorrow.. Also I like the idea of using litecoin for swaps right now it makes more sense considering the market!! so I am building litecoin and loading that chain tonight. will try a kmd->ltc swap tomorrow.. ; )

as a preface, to my next message, which hopefully is a positive contribution, I would like to state that I've grown a bit bored criticizing some of the lame posts that I see, and realize it does no good except to encourage the continuous battering of haters. I am even receiving PM's now, which by the way I don't read when they are not from friends. I will state that the reason for my sometimes harsh and perhaps even unreasonable responses to some of this drivel is frustration that people are so concerned with complaining about every trivial nuance that they possibly can regarding komodo. instead of acknowledging the potential of such an amazing project and productive collaboration, those would prefer to criticize when the fact is they haven't done a damn thing to move any of this forward and they are complaining to the people who I am sure have their plates full that they are not doing enough. This is a laughable perspective regardless of how much funds you have already doubled tripled ten times as a result of *THEIR* efforts, those who are being complained at. Anyway, who cares, I am choosing to not respond to that crap because I realize it just feeds the deranged inspiration to continue to complain.

So, while I will not apologize for my statements, I do stand behind them. I would like to say to those who I have offended, that I really don't care what you think! That said and moving right along, I will do my best to set an example when I do post, of something more creative and community minded as I would like to contribute what I can do this project and see it move forward. My suggestion to anyone that really thinks they have a right to complain about anything, is to check the job board on supernet and do something for the team. This is a big project as is obvious and we can't expect it to move at any rate comparable to any other project. why? because it is not any other project, it is revolutionary and groundbreaking. So of course many would feel a threat from this, but why not work together and achieve the common goal? if we do actually have a common goal. it seems doubtful, so then I would encourage anyone who does share the goal of financial liberation and blockchain integration into mainstream society to work together (instead of listen to complainers or become discouraged when the price falls just a bit, have some faith)

Could be, what do you think?
[/quote]

after that lousy and childish announcement/count-down I don't think we should advertise for anything further at the moment.

is this another BIG announcement?


[/quote]

Could be, what do you think?

is this another BIG announcement?