Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 314. (Read 1192000 times)

the reason is that atomic swap protocols have CLTV portions which allow one side to claim funds if the other side does not follow through on their part of the protocol.

So if you are relying on external nodes to do your part of the protocol and it starts but does not complete, your funds are at risk. That is why I dont allow to use basilisk mode for barterDEX

There are several trades that all have to happen within a several hour timeframe and more preferably within a few coin confirms. That is not place to be relying on other nodes

I looked into my Agama wallet 5 mins ago and i got 0.09 JUMBLR for 200 KMD. Is that right? Or is there coming more later?

Do you know his background? what's his ambitions? I know who he is, yes he's a lead developer.

Questions or ideas for BarterDEX GUI interface capabilities:

As different users may use different wallets/GUIs a user could choose inside the BarterDEX GUI for each coin what wallet he already uses on his local machine. As I understand correctly just native mode wallets will be supported in the beginning.

If so, also AGAMA could be choosen for each coin, if it's running in native mode. That could integrate AGAMA and BarterDEX even more and it could be merged one day (within AGAMA you could than specify if you want AGAMA to create your wallet or use a existing wallet that is managed by a third parties GUI).

Basilisk mode: A user could choose trusted servers that save his adress and run a trade or alternatively the adress that starts the trade could be sent to the network like an transaction/smart contract, and once online (the trade contract) and confirmed by the decentralized network, it could be executed independently if the traders are online or not and the coins already can be transfered to the trader adress(es). When he is back online, his wallet gets updated as it connects to the server or decentralized network that stores his smart contract on the blockchain.

If you dont know who jl777 then whatre you doing here? Hes the lead developer, the brain behind so much work here! Its not perfect yet, but so ambitious.

Sure, I was just confused, because of that reliability post.
Is that just abaut the 5% interest that could be lost in basilisk?


And also that quote "with barterDEX, if you get a connection error, you will likely lose the funds for your trade".
I did not understand that. Why would one loose their funds if a connection problem occures? Right before the trade process starts the traders adress could be send to the network and only if the network send back "ok" to the trader than the trade process could be started and even in the event that the trader has any kind of connection problem before the trading process finishes, it could be done in the network and after he is back online, he could get his coins on his adresses.

I don't know who jl777 is, but it doesn't really matter because as you stated above none of the wallets working well. I've heard this for the past 4-5 months that it's gonna be ready, soon to release but same old. Even the komodoplatform website hasn't been re-designed as they promised. No clear roadmap as where we're standing and where we're going.

funds dont get lost if nothing happens
if there is a connection problem and nothing happens, nothing happens

it is like not being able to connect to a website and the page doesnt appear, doesnt mean the website is gone. it just means the page didnt load

Is it safe to transfer KMD from agama wallet in basilisk mode right now or can funds get lost when there is no network connection to extern nodes in the time of transfer?

I have been using Agama in basilisk mode for a while. Mostly it was working fine. However, since a while I don't get proper balances. I know this is a known issue and has been discussed in this thread for a part, but I would like to know what my options are if I want to sent my KMD. Should I go to native or full mode for instance?

By the way, I tried all the advised steps to solve the zero balance issue and installed the last version of Agama/Iguana.

Primarily users use the lite client or web wallet which does nothing for the decentralization aspect of crypto currencies,  though for at least Waves and Ethereum there is a full node client with gui.  Mind you it took over a year each for both projects to do this.    

James took a different approach with Agama and Iguana Core,  focusing more on the importance of each user acting as a node.   And recognizing the flaws in lite client setups created basilisk which connects to random nodes of a 64 node network.    

It is buggy no doubt,  but when perfected will be an excellent crypto user solution allowing for all the different things you can do with crypto in one place.

first thanks for great informative reply. So none of those projects have a true Gui? Interesting. Thanks for the explanation. I had said agama and a gui, what i meant was agama and swing wallet. both are buggy. Like i said, Im a believer. I keep adding to my stack slowly. My agama works fine, but i had to dl the 1.6.2 and the 2.02 and the other file to get it to work. But it works perfectly. To me it doesnt matter. I go with jl777. I just hope that as people hear about komodo and all the other projects, when they try to get it, and the wallet frustrates them, that they dont leave such a great project in frustration. But yes, the easier to use functionality across all supernet assets I know is in the future...and that future will be bright!

Centralization is why many projects like NEO, Waves, Ethereum were able to offer a "grandma" wallet right out of the gate.   Web Wallets and Lite Clients  connect to one server.  Other projects have forgone GUI entirely like Zcash.  New release of Agama is coming out shortly and notary nodes are working on providing better connection.   

As for why a BarterDEX GUI:  The explanation is simple,  currently Agama is not stable enough to do BarterDEX swaps due to some native mode issues.   Many people who favor BarterDEX tradable coins already have a coin daemon for their favorite coins.   The BarterDEX GUI is just an interface for other coin daemons.    Considering that the more volume that BarterDEX generates the higher KMD price goes it is important to have an easy to use solution that is compatible with the current way people do things so that they will be inclined to use the service and generate revenue.

wow you really laid it out there. im a big holder of this project, been since ico, and i see so much going great with the projects jl777 does, barterdex as one, but what confuses me is i recommend this constantly, twitter, and my investment groups, and everytime i explain what kmd is, jumblr, barterdex, they get excited, excited enough to buy, but as soon as they have to deal with using the wallets, the excitement fails. i dont know why they made another wallet, aka, gui, before agama was out of beta and had zero bugs. or if agama was going to have bugs, why not make a fully functional non beta gui. I mean, Neo had a working gui a week or so after rebrand that was done by the community. I just dont understand what is point of having many not fully functioning wallets. Just need one that grandma can work and that is reliable.

Do any knowledgeable KMD users have any realistic forward looking projections. Short term 1-2 weeks and 1-2 months. Please advise.

Mr. awill333 was saying that my comments are baseless...but these valuations are also as much baseless  as my complaints...
I just haven't been able to understand the use case of this project, while in other projects you can at least clearly understand what the purpose of the crypto is...

also if you guys are really concern about the USD valuations and want to get rich soon and don't care too much about the project, how come you didn't invest (speculate) on other cryptos which some came even after komodo, starting from less than $1 and now they're all way up, for example:

OmiseGo:     July 14th:  $0.5   >     Aug. 31st:   $11.94   (24 times)
Nexus:         Feb. 5th:   $0.11  >     Aug. 31st:   $3.05     (27 times) (only in 2 exchanges)
Bitconnect:   Feb. 5th:   $0.51  >     Aug. 31st:   $136      (267 times)
Lisk:            Feb. 5th:    $0.16  >    Aug. 31st:   $7.28      (45 times)
PIVX:           Feb. 13th:  $0.01  >    Aug. 31st:   $3.53      (353 times)
NEO:           Feb. 5th:    $0.13  >    Aug. 31st:   $32.85     (253 times)
Ubiq:           Feb. 5th:    $0.05  >    Aug. 31st:    $2.76      (55 times)
Waves:        Feb. 5th:   $0.22  >     Aug. 31st:   $6.09       (54 times)
Shifts:         Feb. 5th:    $0.03  >    Aug. 31st:   $2.32       (77 times)
Stratis:        Feb. 5th:    $0.09  >    Aug. 31st:   $7.33       (81 times)
Bitshares:    Feb. 5th:    $0.003 >   Aug. 31st:    $0.15       (47 times)
Komodo:      Feb. 5th:    $0.11  >    Aug. 31st:   $1.46       (13 times)


Please don't tell me the dollar valuation doesn't matter...this isn't something that I started....above are facts that you could certainly become richer if you were invested in any other cryptos than kmd.

One way tp measure the performance is the above valuations and above data clearly tells me kmd is under-performing comparing to statistically sufficient crypto samples.

The OP's comments were specifically referencing the KMD all time high value - his point being that when it returns to that level, which isn't a big stretch, that would put its relative valuation to BTC at around $5.

My post about $20 was just having some fun, based on nothing... and the subsequent $100 was probably the same.

As far as this being a shit project, uhh right. I've held since early BTCD days, I've seen some serious stuff happening since then, this project is in many ways unprecedented. I'm sorry you don't see t that way. Cash out on the next rise, there's plenty for everyone.

That's what I thought.

The numbers look good for my wallet address. Should I now see TUMBLR in the Agama

And what's your "base" for $5, $20, $100 valuation since your comments have solid supporting facts?