Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 493. (Read 1192000 times)

anyone having issues with the Komodo ICO. it's saying my address isn't registered now.

So confused. I started mining on luckpool, and created a wallet address with Agama. When I restarted my PC running the Agama wallet, the address is changed. Does this mean that payments will be sent to an inaccessible address, unless I change it to the current one??

If accounts with trade enabled but withdraw disabled were compromised, what you talk about is the way attacker would transfer value out. Buy up low volume coins from different accounts, then buy with the BTC in the compromised account. Now N accounts all have BTC at big multiples, so even the $2000/day limit is bypassed.

It is a theory.

But once a pump starts for whatever reason on polo, anything can happen.

That's why I spoke from limited accounts.

So BTCD and UNITY are both rallying hard.  I'm buying some more KMD as soon as I can get funds to Bittrex.

And I can't believe I didn't think about buying UNITY in advance of the conference. I posted here about KMD probably running up in anticipation of the high profile presentation, but I didn't even think about those other two or act on it.  

The only thing worse than being wrong is being right and not acting on it.

It this a weird fantasy of yours or is there some news about this?   More likely a hacker with access to an account would withdraw the funds and not go in there and try to lose them (making other random people profits at the same time).  Sure they could do it for the "lulz", but extremely unlikely.

Well, I'm speaking of an attacker who is draining limited accounts with ridiculously high bids on low volume coins.
BTCD is not the only coin, that shot up magically.

You aren't making any sense.  People cashing out of BTCD would cause the price to drop, not rise 400%.

And this is probably just a pump, but still good for KMD, because will put it on more people's radar and it's already in an uptrend.  It also makes it more likely it will be added to Poloniex, although probably not a lot more likely.

Guess someone got access to some accounts and is cashing out on polo.
Hope you got 2FA enabled.

Also SuperNET https://www.poloniex.com/exchange#btc_unity  

What is going on?  BTCD is up 400% on Poloniex.   I would think this would have to be good for KMD, for obvious reasons, but very odd market action.

Maybe it is just a pump.  The overwhelming majority of BTCD has already been swapped for KMD, so the supply out there is very thin.   Anyway I am tempted to buy some more KMD right now on Bittrex.  You can't deposit KMD, but can still deposit BTC.

1. Notary nodes are putting price feed into the blocks they mine. From this data a process similar to what Augur uses calculates a determistic price by all nodes that requires a 51% attack to change the price to a fake price. Each node has a paxprice cli call that you can see what the price is for that block.

2. PAX2 will of course honor all PAX1 positions, it will likely be a gradual transition process as more and more of PAX2 features are added to PAX1, until one day it is PAX2

3. The conversion process burns the KMD by using an OP_RETURN. Assuming a stable price, over time the deposits and withdraws will cancel out any gains/losses. However as a worst case meltdown scenario, we have set aside enough KMD to absorb conversions that use up the KMD. This is why PAX2 is needed before we remove the volume caps on issuable amounts so that the risk is always limited to absorbable levels.

To handle a BTC and/or KMD meltdown scenario, there is a floor price of 2500 sats that the conversion wont go below. Since this is approx the BTC reserves I felt it a reasonable floor price. Given a floor price, the max exposure can be calculated.

However due to the limited amount issuable with PAX1, I dont think redeems will be an issue and that all the issued PAX currencies will simply circulate around in the ecosystem. Since KMD is burned to issue the PAX, as long as BTC and KMD are long term increasing, PAX usage will actually create more KMD.

When I have issues with it, I go into Task Manager and stop all the Agama related processes.  You can tell by the icon which ones apply.  But I've had to end/stop 3 or 4 of them before.  Then just launch the program again.

Looks like KMD is about to have it's head back above the ICO water level

@jl777 - thanks for your answer!

I'm really curious about this tech, so if you don't mind, I have couple more questions:


1. How does PAX know current KMD/USD rate?

2. If I convert some KMD to USD now, on PAX1, will that USD be "reachable/valid" after you release PAX2 with dynamic supply?

3. Scenario: User converts 100 KMD at rate 1 USD/KMD, so he gets 100 PAX USD. In the meantime, KMD price falls to 0.5 USD/KMD. Now he converts 100 PAX USD to KMD and gets 200 KMD. From where does that 100 KMD comes from? Also, where does initially converted KMD "go"?

Thanks! This is really interesting, very cool.

Not many pool are active, so maybe try mining with luckpool.org ....i mining my cpu there too.

Thanks man for the extra rig power 

I'm CPU mining with my old pc...so better used it to mine than letting it sitting around, lol 

which pool should we use to do cpu mining