where can I find a trading site for Komodo, I think it needs to get a few Komodo in my bag
https://www.coinexchange.io larger exchanges to follow, you can also still swap BTCD for KMD
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 643. (Read 1192347 times)
February 02, 2017, 12:25:14 AM
https://www.coinexchange.io larger exchanges to follow, you can also still swap BTCD for KMD
February 02, 2017, 12:22:41 AM
bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working
but i hang in there and wait for update
and the Mac Wallet (empty) not working
but i hang in there and wait for update
you can buy a pc or install iguana on VM
February 02, 2017, 12:01:48 AM
bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working
but i hang in there and wait for update
and the Mac Wallet (empty) not working
but i hang in there and wait for update
Your funds are in the bloakchain if you did a payout from the ICO site. Use your seed when you install the wallet and you will be fine.
February 01, 2017, 11:56:48 PM
where can I find a trading site for Komodo, I think it needs to get a few Komodo in my bag
February 01, 2017, 11:53:54 PM
It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school 
Thanks.I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..
It only has to go to a fresh address once per year after the address hits its' maximum of 5% total interest accumulated.
For example, this person send 1 KMD to a fresh address, and even the change transaction that was sent back to the same address gained the 5% interest here:
https://kpx.io/transactions/e84b4df2c35f9c12ecb01a7445a19d917334ed7b9c18548a178b6191bcd44d6d
However, there is some advice about not re-using addresses to protect against quantum computers in the future, so from that perspective, it would be slightly safer to specify a fresh change address for each transaction. In that case, it would be good to have the private key of the change address backed up.
Great point ! Can you address how browser based wallets are going to holdup against a brute force attack by Quantum Computers? given that it's a matter of when not if
Cheers Jon
February 01, 2017, 11:45:36 PM
It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Thanks.I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..
It only has to go to a fresh address once per year after the address accumulates a total of 5% interest. (or if you compound at the maximum rate of once per hour it would hit maximum 5% after 356 days )
For example, this person sent only 1 KMD, but even the change transaction that was sent back to the same address gained the interest:
https://kpx.io/transactions/e84b4df2c35f9c12ecb01a7445a19d917334ed7b9c18548a178b6191bcd44d6d
However, there is some advice about not re-using addresses to protect against quantum computers in the future, so from that perspective, it would be slightly safer to specify a fresh change address for each transaction. In that case, it would be good to have the private key of the change address backed up.
February 01, 2017, 11:12:21 PM
bit disturbing to have my ICO account empty now
and the Mac Wallet (empty) not working
but i hang in there and wait for update
and the Mac Wallet (empty) not working
but i hang in there and wait for update
February 01, 2017, 10:09:35 PM
What was ICO price?
How much total supply?
How much BTC raised?
How much total supply?
How much BTC raised?
Your answers are probably on the first page of the thread.
February 01, 2017, 09:08:43 PM
It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Thanks.I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..
Oh ok is that what the dev referred to as demur-rage like the freicoin did ? Ok my bad . Just so happened before the accrued explanation they also mentioned that balance in the blockchain would earn interest without doing anything.
February 01, 2017, 09:03:54 PM
It's: 1(1+0.05/365)^365
Uh.. yes.. of course.. back to school Thanks.I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Earn interest (by sending coins to a new address) every day: 5.127% APR, every month: 5.116% APR, every year: 5.0% APR ..
February 01, 2017, 08:54:12 PM
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Cool, compounding annually for cold storage coins is still awesome!
Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding
Cheers Jon
I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.
Ok, so to get compound interest we move coins once a year, I can live with that, will do on anniversary of first payout every year, like a second birthday
February 01, 2017, 08:35:39 PM
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Cool, compounding annually for cold storage coins is still awesome!
Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding
Cheers Jon
I believe that's the whole point, KMD is made to be used, not held. Kinda makes sense although you make one move a year and keep earning.
February 01, 2017, 08:25:55 PM
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Cool, compounding annually for cold storage coins is still awesome!
Read the fine print if coins are left in place/not moved after 12 months interest will stop being accrued ...... it's a matter of use or lose it..... which actually really sucks....so much for just holding
Cheers Jon
February 01, 2017, 08:25:39 PM
Hi im komodo ico
But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email?
??
you sent to the wrong email, as "noreply" emails are not looked at But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email?
?? February 01, 2017, 08:06:12 PM
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
Cool, compunding annually for cold storage coins is still awesome!
February 01, 2017, 07:59:04 PM
So let me get this straight.
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?
First, if you have hefty amount of KMD, transferring them from one address into another every day will get you way more then 5% a year.
Second, even if you want cold storage with 5% APR, you'll need to move your coins once a year minimum. Hard to call that a cold storage, is it?
It's not way more than 5% a year.
More like 5,1267496467% per year
My way of thinking was not made for maths, so I did this:
Code:
double kmd = 100.0;
for(int i = 0; i < 365; ++i)
kmd *= 1.0 + 0.05 / 365;
Which indeed returns 105.127 for(int i = 0; i < 365; ++i)
kmd *= 1.0 + 0.05 / 365;
It's: 1(1+0.05/365)^365
February 01, 2017, 07:43:31 PM
5% APR is what accrues, for all utxo older than an hour and more than 10KMD
After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.
After 2 months 5%/6 has accrued.
etc.
As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.
In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.
This means even cold storage KMD is earning interest.
There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.
The compounding happens as a natural effect of being able to spend the accrued interest at any time
After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.
After 2 months 5%/6 has accrued.
etc.
As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.
In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.
This means even cold storage KMD is earning interest.
There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.
The compounding happens as a natural effect of being able to spend the accrued interest at any time
Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?
In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
Well on the contrary you will still earn. Just remember the 5% rollover cycle does annually so in 2-5 years without touching it would result to interest earned in a compounded manner.
February 01, 2017, 07:42:46 PM
Hi im komodo ico
But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email???
But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email?
??Dude, you need to try better if you want people to understand you. Try your native language, maybe someone from your country would help you.
February 01, 2017, 07:28:25 PM
5% APR is what accrues, for all utxo older than an hour and more than 10KMD
After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.
After 2 months 5%/6 has accrued.
etc.
As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.
In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.
This means even cold storage KMD is earning interest.
There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.
The compounding happens as a natural effect of being able to spend the accrued interest at any time
After 1 month, 5%/12 has accrued. It is earned. It is "there", even though it doesnt exist anywhere. There is no record of this interest directly on the blockchain. However all nodes have a consensus to the satoshi of how much interest you have earned.The wallets take this into account when creating a transaction. So you can spend it.
After 2 months 5%/6 has accrued.
etc.
As soon as the interest has accrued, you can spend it. I am not sure what about this is unclear. It could be that all other systems are some sort of complicated thing that is entangled with block creation.
In KMD, you earn 5% per year, just by owning the KMD. Nothing at all has to be done.
This means even cold storage KMD is earning interest.
There is a cap of 5% total accrued interest per utxo, which means after a year you are not earning any more interest.
The compounding happens as a natural effect of being able to spend the accrued interest at any time
Does that mean in order to compund the interest the coins must be moved periodically? If you hodl do you get compound interest, or simple interest?
In theory, a compounded interest is a financial term by which periodically earns interest from its previous holding principal. Once the said interest was added to the principal, this amount would then become the next principal that will be derived for the next interest. So basically, if in
I was planning to leave my ico KMD untouched for many years, not even bother downloading the wallet, straight into deep hodl mode, just check i received them on the block explorer, then do nothing for 3-5 years. Looks like that plan wouldn't earn compound interest, so what is sweet spot for moving coins, once a month, once a year ?
February 01, 2017, 07:28:16 PM
Hi im komodo ico
But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email???
But i write pay out adress is wrong
Because copy my seed adress
But it is sent...
My wallet not give komodo
i sent komodo email [email protected]
but have no answer...
where can i communicate if i send email?
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