Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 344. (Read 1192687 times)

I''ll also echo 'indeed's' post to exercise caution when arguing that peeps who didn't withdraw from the ico site didn't withdraw because they 'didn't get around to it'. I was also holding btcd before komodo was announced and I also didn't withdraw from the site not because i didn't get around to it but because i frankly concerned about bug in wallets in alpha/beta wiping out my coins. That's my bad and i'm not complaining, just saying.

I actually really appreciate there's finally a statement to not expect the ico site up 'any day now'. Managing expectations is important and expectations have imo been poorly managed on this particular issue. It calls in question the management of the whole project when it's being communicated that something is 'imminent' and days/weeks roll by. [Yes, it would be nice to be surprised if it's back up early and if that happens i expect the response will now be 'good job' rather than 'finally'.]

Well, I guess you are a late comer for KMD. From its ICO days, the BTCD swapped are being done on the ICO website, Agama doesn't existed yet . So in the first place the website was the primary swapping section for BTCD. I was just as surprised with what you have gone through that finally realized that it was not Agama wallet that do the swapping.

I think that's a lame argument. Look, I fully support kmd, I've held btcd for years, but the instructions for the swap were very confusing. I didn't feel comfortable swapping until I understood that I didn't even have to swap TO a wallet managed address. Considering the reliability issues with agama etc, I'm sure you can understand my hesitation. I eventually realized after asking many questions, that the swap could be done right on the website directly to a kmd address without the need to use agama.

So look what happens, I finally swap (like I could have done 6 months prior) and this happens. In retrospect waiting to swap would have at least let me collect btcd interest.

Supernet owns this problem, they admit it's a problem and they're working hard to fix it. I trust that, respect it and live with it. But to blame people for not swapping earlier is misdirected criticism.

Negligence is catching on some contributors. Indeed, there were plenty of time for a swap. Or maybe they don't want to get rid of their BTCD because it was at ATH that time. They hodled and as a result they did not have a chance to redeem on time.

All the idiots bitching about the ico site being down currently seem to forget they had months to make a claim previously like the other 90% of people that did and just didn't bother.

Sounds very fishy....

jl777B already answered the question earlier. There is no ETA for the jumblr snapshot yet. It will happen after the ICO site is back up, and there is no ETA for that yet either.

There will still be many months to do the swap after the ICO site is back online. Everyone will have a chance to swap, so there's no reason to extend the time.


We will announce it after the ICO site is online. There's no ETA for bringing ICO site online.

The Jumblr price is anyone's guess

When is jumblr sharedrop?
what will be  the price of jumblr

In the extremely unlikely event that BTCD conversion is not available prior to Jan 2018, it will be extended. However, as long as we are able to convert before Jan 2018, there is no need to extend, so we wont extend in the expected case.

But the deadline to change BTCD over to KMD is Jan 2018, will this be extended to incorporate the website delay?

Sounds good. Seems like all the important parts are steadily coming together.  Keep up the good work.

yes, we need barterDEX solid and in place before it makes sense to transfer over. We will test things out with REVS and JUMBLR trading first as a lot of KMD holders will have at least one of those.

Any updates on the transfer of NXT assets over to KMD assetchains?  Are you guys waiting for barterDEX to be more complete since there won't be any other market for those assets after the transfer?

google is useful: https://bitcoin.org/en/glossary/unspent-transaction-output

Is there a KMD pool around with a little more hashrate in it ?

I use Supernova, but it's to small looking at the network hash, need one with a little more hash.

utxo's?

For people that dont like to read the previous page.

ICO site is still not ready, we will announce when it is. There is no ETA.

The JUMBLR snapshot will happen after the ICO site is back up, since there is no ETA for ICO site, there is no ETA for JUMBLR snapshot.

We apologize in the delay for giving out the free bonus and appreciate if you can understand that our priority is the safety of user funds and not the giving out the free JUMBLR sharedrop.

Also, complaining about the delay wont make it go any faster. However, if it makes you feel better, go ahead and complain. I am also complaining too, but it will take as long as it takes.

Maybe it is best to not expect the ICO site anytime soon. Then when it is available, it will be a pleasant surprise. So officially, let us say the ICO site will be ready before the end of the year.

Another theory is that the ICO site has very little to do with price. Since the ICO site working/not working does not affect the KMD coin directly, it only shows that we take our time when taking over a contracted website project and are not very fast at getting it back online.

KMD is not about the ICO site, it is a decentralized platform. If anything, the ICO site problems should affect the BTCD arbitrage, but looking at BTCD price it is hard to even notice that it is any lower relative to the 50:1 conversion during the last month. Since the ICO site down only directly affects the BTCD conversion and that market price is not affected, it seems that any impact on KMD price itself is quite minimal.

The loudest voices are those who have pending conversions in the 18th payout. Of course, we take it seriously and will solve this, but let us not let the number of complaints about it equate to the magnitude of its effect on price.

I think a far more relevant gauge on price is something like the market price of ZEC, which is down more than 50% from the time when BTC dominance was 38%. It is a quite similar pattern with all the altcoins, including KMD.

The reality is that actual technical issues have small correlation with market price. Look at the giant impact of the unexpected KMD iOs wallet has not had on the price. If market price correlated to short term tech developments, you would think getting an iOs mobile wallet would have more than zero impact on price.

Let us put things in perspective. We are in a marathon and with the ICO site down, it is like our shirt got torn a bit and it is not looking like a good marathon running outfit. However, we keep making progress in spite of the torn shirt. And when we get a new shirt, our progress will not really be changed much at all.

Current new tech that is running like JUMBLR, barterDEX, several barterDEX GUIs, auto-portfolio balancing, and breadwallet apparently are not affecting price. So probably a privatebet decentralized gaming platform would also have no effect on the price.

That's ok, as this is a marathon and the day to day, or even month to month, price is just that. A temporary indicator of overall market sentiment, combined with sector combined with KMD specific, with likely diminishing influence. Which means that in the short term, the least effect on price is the actual KMD specific things.

That is why I dont pay much attention to short term price. With a 10x gain in fiat terms from ICO, we have done fine by the ICO investors and really those are the investors that we have the obligation to. For all the post-ICO investors, it is all about market timing, which is really quite a difficult thing to do and if you end up buying near the top, you will just need to wait it out until another up cycle kicks in, or sell at a loss. There is not much that I can do about that.