[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 602.

lordoliver

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Quote from: jl777 on February 08, 2017, 05:01:27 AM

...
Using notary nodes and schnorr partial signatures I could do the tech, but it seems that there is a large marketing obstacle and we just dont have any gigantic marketing budget to convince people to switch to the new BTC

ok, I didn't mean to make it urgently now, but you can keep it in mind, maybe there are some business partys in future open for that kind of things...
If only one payment company wanted to use such a chain itself, the first step would be done.

edit:
I think the tech could also be used for very often used coin swaps like btcd->kmd later

jl777

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Quote from: lordoliver on February 08, 2017, 04:58:40 AM

Quote from: jl777 on February 08, 2017, 04:27:46 AM

Quote from: lordoliver on February 08, 2017, 04:19:44 AM

I have a suggestion for helping supernet to really get business adaption.
I am not much into details, so excuse if it is nonsense, but as is is possible now to have that basilisk connection to bitcoin.
Can you make a connection to the bitcoin network, that makes it possible to safely transfer BTCs as a token into another newly created BTC-transfer-chain?
Of course not directly but with some kind of burning on one side and creating on the other side.

The reason is, that BTC has the problem, that it can't scale at the moment. All those segwit-btc unlimited-fork things probably don't get enough support.
If you manage to create a fast channel, where you transfer the btc (and ensure that the amount stays the same), some payment companys may support the idea.

I think for example also on a XEM chain or something, where they tested already a high transaction rate of 100k/sec...

I could make a BTC assetchain, it would have 20x the current capacity due to faster blocks and 2MB blocksize.

The problem is there is no provision in bitcoin to unburn, so the bitcoin deposited would need to be held by trusted nodes

MGW is essentially what you talk about from 3 years ago.
If bitcoin would add an unburn code, then sure this can be done securely without any trust needed.

But bitcoin cant even do
#define MAXBLOCKSIZE ~~1000000~~ 2000000

without taking years...

Ok, I thought you maybe found a solution for those things but anyway.
Trusted parties are already given with your notary notes, right? ;-)

I just think, BTC chain technology is too old and forks lead to the same problems ETH (ETC) had. That is a good reason, to not do the blocksize raise.
I guess the fud would throw the crypto sector into stone age...
Moving BTC to another chain will not affect ALL users and if it works fine, we can maybe somewhen move all and destroy the old chain completely...
BTCs biggest value is, that it was first. And the token can survive very good somewhere else.

I give another good example for the value of being first:
https://en.wikipedia.org/wiki/Penny_Black

Using notary nodes and schnorr partial signatures I could do the tech, but it seems that there is a large marketing obstacle and we just dont have any gigantic marketing budget to convince people to switch to the new BTC

lordoliver

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Activity: 1666

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Quote from: jl777 on February 08, 2017, 04:27:46 AM

Quote from: lordoliver on February 08, 2017, 04:19:44 AM

I have a suggestion for helping supernet to really get business adaption.
I am not much into details, so excuse if it is nonsense, but as is is possible now to have that basilisk connection to bitcoin.
Can you make a connection to the bitcoin network, that makes it possible to safely transfer BTCs as a token into another newly created BTC-transfer-chain?
Of course not directly but with some kind of burning on one side and creating on the other side.

The reason is, that BTC has the problem, that it can't scale at the moment. All those segwit-btc unlimited-fork things probably don't get enough support.
If you manage to create a fast channel, where you transfer the btc (and ensure that the amount stays the same), some payment companys may support the idea.

I think for example also on a XEM chain or something, where they tested already a high transaction rate of 100k/sec...

I could make a BTC assetchain, it would have 20x the current capacity due to faster blocks and 2MB blocksize.

The problem is there is no provision in bitcoin to unburn, so the bitcoin deposited would need to be held by trusted nodes

MGW is essentially what you talk about from 3 years ago.
If bitcoin would add an unburn code, then sure this can be done securely without any trust needed.

But bitcoin cant even do
#define MAXBLOCKSIZE ~~1000000~~ 2000000

without taking years...

Ok, I thought you maybe found a solution for those things but anyway.
Trusted parties are already given with your notary notes, right? ;-)

I just think, BTC chain technology is too old and forks lead to the same problems ETH (ETC) had. That is a good reason, to not do the blocksize raise.
I guess the fud would throw the crypto sector into stone age...
Moving BTC to another chain will not affect ALL users and if it works fine, we can maybe somewhen move all and destroy the old chain completely...
BTCs biggest value is, that it was first. And the token can survive very good somewhere else.

I give another good example for the value of being first:
https://en.wikipedia.org/wiki/Penny_Black

Fishdude1

newbie

Activity: 22

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Quote from: tclo on February 07, 2017, 12:00:08 PM

Quote from: Fishdude1 on February 07, 2017, 11:26:59 AM

I want to request payout and see payout amount in Iguana.
However my default address in Iguana is of course different from the ICO address I was assigned.

How to proceed in the payout process? Or how to add that address to Iguana? thx

Default address doesn't matter. Enter your KMD seed for the payout address when you go into Iguana and should work.

thx, I figured it out.

I don't know if this is a known or unknown bug or client side related,
but what happens / happened is:
1. I downloaded Iguana (Windows, Basilisk) and put in the default seed that was offered after download. A random KMD address appears in the wallet.
2. I then requested payout and this was subsequently done (probably immaterial to the problem)
3. I reopened my Iguana, this time I put in the ICO address seed.
4. The old random KMD address kept appearing instead of 'my' ICO address.
5. After uninstall and reinstall and doing step 3 again, the correct ICO address apeared including funds and all was well again.

warriorswin

newbie

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Is anyone else having problems withdrawing KMD from Cryptox.pl??...

PO3NG

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Quote from: yassin54 on February 08, 2017, 04:35:14 AM

Interview with our lead developer jl777 on @CoreMediaRadio [starts 15:50]

https://soundcloud.com/coremediaradio/crypto-quickie-001

Twitter : https://twitter.com/KomodoPlatform/status/829246933491384323

Reddit : https://www.reddit.com/r/komodoplatform/comments/5srjj8/interview_with_our_lead_developer_jl777_on/

Facebook : https://www.facebook.com/KomodoPlatform/posts/406978716315372

News SuperNET : http://news.supernet.org/posts/cJBCgcr8jNxkmtCp8/interview-with-our-lead-developer-jl777-on-coremediaradio

Nice! This interview is Live streaming ?

yassin54

legendary

Activity: 1540

Merit: 1000

Interview with our lead developer jl777 on @CoreMediaRadio [starts 15:50]

https://soundcloud.com/coremediaradio/crypto-quickie-001

Twitter : https://twitter.com/KomodoPlatform/status/829246933491384323

Reddit : https://www.reddit.com/r/komodoplatform/comments/5srjj8/interview_with_our_lead_developer_jl777_on/

Facebook : https://www.facebook.com/KomodoPlatform/posts/406978716315372

News SuperNET : http://news.supernet.org/posts/cJBCgcr8jNxkmtCp8/interview-with-our-lead-developer-jl777-on-coremediaradio

jl777

legendary

Activity: 1176

Merit: 1134

Quote from: lordoliver on February 08, 2017, 04:19:44 AM

I have a suggestion for helping supernet to really get business adaption.
I am not much into details, so excuse if it is nonsense, but as is is possible now to have that basilisk connection to bitcoin.
Can you make a connection to the bitcoin network, that makes it possible to safely transfer BTCs as a token into another newly created BTC-transfer-chain?
Of course not directly but with some kind of burning on one side and creating on the other side.

The reason is, that BTC has the problem, that it can't scale at the moment. All those segwit-btc unlimited-fork things probably don't get enough support.
If you manage to create a fast channel, where you transfer the btc (and ensure that the amount stays the same), some payment companys may support the idea.

I think for example also on a XEM chain or something, where they tested already a high transaction rate of 100k/sec...

I could make a BTC assetchain, it would have 20x the current capacity due to faster blocks and 2MB blocksize.

The problem is there is no provision in bitcoin to unburn, so the bitcoin deposited would need to be held by trusted nodes

MGW is essentially what you talk about from 3 years ago.
If bitcoin would add an unburn code, then sure this can be done securely without any trust needed.

But bitcoin cant even do
#define MAXBLOCKSIZE ~~1000000~~ 2000000

without taking years...

yassin54

legendary

Activity: 1540

Merit: 1000

SuperNET Tuesday Update 07/02/2017

http://coremedia.info/blockchain-news/item/404-supernet-tuesday-update-07-02-2017

Twitter : https://twitter.com/coremedia_info/status/829090307337752576

Reddit : https://www.reddit.com/r/komodoplatform/comments/5srhv1/supernet_tuesday_update_07022017/

Facebook : https://www.facebook.com/KomodoPlatform/posts/406969272982983

News SuperNET : http://news.supernet.org/posts/BPkw7zjAp6ak8LgMT/supernet-tuesday-update-07-02-2017

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

I have a suggestion for helping supernet to really get business adaption.
I am not much into details, so excuse if it is nonsense, but as is is possible now to have that basilisk connection to bitcoin.
Can you make a connection to the bitcoin network, that makes it possible to safely transfer BTCs as a token into another newly created BTC-transfer-chain?
Of course not directly but with some kind of burning on one side and creating on the other side.

The reason is, that BTC has the problem, that it can't scale at the moment. All those segwit-btc unlimited-fork things probably don't get enough support.
If you manage to create a fast channel, where you transfer the btc (and ensure that the amount stays the same), some payment companys may support the idea.

I think for example also on a XEM chain or something, where they tested already a high transaction rate of 100k/sec...

jl777

legendary

Activity: 1176

Merit: 1134

Right now, for higher security basilisk servers are dynamically discovered using a stochastic method to prevent having the identical set of responders for all nodes.

In order to achieve this, things start with a specific seed node, which immediately returns candidates for other basilisk servers. The client randomly determines which ones to use.

After initializing, then there are multiple (up to 64) redundant basilisk servers.

However, at the very beginning, there is only one and if that server is not responsive, then things get stuck. Of course, you say, why not distribute the seed function to all the notary nodes.

And yes, that is what I will be working on next. For most of the time, the single seed is sufficient, but clearly we dont want any single point of failure even if it is limited to launching, especially as launching is when we are most wanting to use the basilisk.

I recommend people to use komodod (unix and osx) whenever possible for highest security. Basilisk mode is offered to allow convenient access, but it does rely on the servers.

OrangeSeller

hero member

Activity: 1008

Merit: 501

Quote from: Teraboy on February 08, 2017, 02:53:48 AM

Quote from: hussar on February 08, 2017, 02:47:49 AM

Quote from: ivan1975 on February 08, 2017, 02:34:07 AM

Probably bittrex soon will list:

Yes! this usually means they will add. Bittrex incoming Grin

I don't see anything on bittrex, but this will be a good chance to buy more komodo. but does the wallet already running for well? It seems iguana still crash. Undecided

there would not be any better thing for komodo users and for the people who willing to trade, if it get listed into bittrex exchange.
poloniex is better but bittrex is also a great exchange and it will surely increase its value.

warriorswin

newbie

Activity: 3

Merit: 0

Just tried withdrawing KMD from Cryptox.pl and I'm not seeing it in my other account. It's been an hour and i don't even see the transaction on kpx.io Sad

veneg

sr. member

Activity: 282

Merit: 260

Quote from: franc0 on February 08, 2017, 03:35:00 AM

Can anyone help me, i chose basylisk mode and im putting exactly the same words in the seed wallet unand it says oops something went wrong...!

Close the Iguana and start again.I tried this for 3 times and can show balance now.Seems there are problems of connection

franc0

hero member

Activity: 756

Merit: 500

Hire me! Spanish translator and community manager!

Can anyone help me, i chose basylisk mode and im putting exactly the same words in the seed wallet unand it says oops something went wrong...!

temmuz

sr. member

Activity: 784

Merit: 425

Good news at the end. If there was a shit stock exchange after those stock exchanges, I could lose hope in this coin. Bittrext then next polo

franc0

hero member

Activity: 756

Merit: 500

Hire me! Spanish translator and community manager!

Now i can even login to my wallet seed, im putting exactly the same words.

jujugoboom

sr. member

Activity: 383

Merit: 250

Quote from: ivan1975 on February 08, 2017, 02:34:07 AM

Probably bittrex soon will list:

It is sure thing, because we can see KMD's implementation of cashier function, cheers! We will be trading on Bittrex very soon, it should be a dream comes true. Next big target and milestone, poloniex.

sri.bima

sr. member

Activity: 602

Merit: 250

Still waiting for Iguana windows wallet for win32, i hope the version will be released soon

KomodoPlatform

sr. member

Activity: 784

Merit: 253

Set Your Ideas Free

Quote from: franc0 on February 08, 2017, 03:06:30 AM

I sent 800 KMD to my iguana wallet they haven't arrived also in cryptox.pl -appears withdrawal as 830.00000000 KMD (0) undefined 0.75111637 KMD 2/8/2017 12:52:38 AM

What is happening?

Did you check from kpx.io? They are in the blockchain for sure, pls wait for our next beta release or then try another mode if you haven't (full mode or basilisk mode).

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 602. (Read 1191996 times)