Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 704. (Read 1191996 times)

BTCD price is rising in anticipation of the impending swap.  When I first posted about this a couple of days ago, BTCD was at .00310.  Now the price is .00379, which is 18.2% higher and there is 13 BTC worth of BTCD at the bid at .00310 or higher, which is where you could have bought it earlier.  

Remember that .00651 is equivalent to the ICO price, so still plenty more room to run up before the swap and afterwards as well.

.00379 i still a great deal...

Current BTCD Price (Poloniex):  .00379 BTCD/BTC

Current BTC/BTCD rate: 263.85 : 1 (amount of BTCD that you get for 1 BTC)

KMD/BTCD swap rate: 50.4488 : 1 (amount of KMD you will get for 1 BTCD that you swap on ICO site)

KMD/BTC current rate: 13311.029 (amount of KMD you get for 1 BTC worth of BTCD at current price on Poloniex)

KMD/BTC ICO rate: 7746.522 : 1 (amount of KMD you got for 1 BTC at the end of ICO with no bonus)

Current extra KMD via BTCD: +5564.507 KMD or +71.83% extra (relative to ICO KMD/BTC rate at the end of ICO with no bonus)

So at current prices, you get much more KMD that you would have gotten at the end of the ICO.

The price could rise sharply from here to .006512 BTCD/BTC and you would still get the same amount of KMD. per BTC spent, as during the final phase of the ICO.

Once you buy BTCD, be sure to move it to your personal wallet.  BTCD is Proof of Stake so you will receive extra free BTCD from automatic mining when you have it in your own wallet.  And you also need it in your personal wallet before the KMD “snapshot” that will get you the extra REVS asset.  Download BTCD wallet here:  http://bitcoindark.com/

The trolls are out in force the last couple of days. I won't feed this one.  Time will tell what the truth is and Komodo has great promise.  We will see how the market values it very soon.  Anonymous coins are hot right now, and the ICO investors will likely do quite well.

It is very obvious that project was create for btcd bagholdes, from the beginning it was known who is an Premium investor
Those who invested through via BTC, is only a porter in pseudo exclusive hotel and carries the baggage of some homeless.

Reliable solution would be give for those dissatisfied BTC investors opportunity refund of their BTC and leave komodo project...

How is he to blame if you didn't even bother to read the first page of this thread and instead you locked up your BTC ? It was no secret that investing via btcd was a better deal.

I plan to just keep most of my BTCD unconverted until KMD has good Windows wallet, and I've figured out how to use it well and back it up or extract  private keys, etc.  

The good thing about this situation is that holding BTCD is basically the same thing as holding KMD because you can convert at any time until the end of 2017.  I will convert some of mine to experiment with KMD, but will be in no hurry to convert it all quickly.

The ask side of the BTCD orderbook is thinning out on Poloniex.  Only 3.5 BTC worth up to .0045.  But still a little left in the low .0036 area, but that probably won't last long. Of course new sellers could appear, but not sure why anyone would sell their BTCD this low, when KMD will be distributed soon and can get much more for them after the swap.

And starting to see some bid support.  7 BTC worth at .0034999.  No doubt they are trying to get someone to hit their bid, so they can get some BTCD for the swap, but not sure how successful they will be. Most all the trades are going off at the ask with no big sells. I'm tempted to buy more at the ask at these low prices, but already bought too much.

 

Yes, when sending to the ICO site swap address it doesn't matter from where you send it. You can send from an exchange, or via MultiGateway (SuperNET lite wallet).

Getting REVS is not related to swapping your KMD.

Quoting KomodoPlatform

"
BTCD Snapshot to get REVS

 - The snapshot is not related to BTCD swap.
 - The snapshot is to get an additional asset called REVS.
 - The privatekeys are used to redeem the asset.
 - The snapshot has not happened yet!
 - to participate the BTCD can be stored either in a BTCD address under your control, or in our ICO site

BTCD Swap to get KMD

 - has nothing to do with the snapshot
 - is done through the ICO site
 - swap rate is approximately 50.44 KMD per 1 BTCD swapped.
 - lasts 1 full year
 - swapped BTCD ends up in our account, where it is publicly visible (nothing will happen to the swapped BTCD)
 - hopefully every single BTCD coin will get swapped during the year

Schedule

 - ICO site accepts BTCD
 - 7 days after that BTCD snapshot happens
"

Will I receive the Revenue Asset shares if I do not do the swap on the swap day?
Essentialy my question is will I get REvenue Asset shares right away if i do not swap to KMD right away.

thanks

BTCD is up 20% today on Poloniex, in USD terms:

http://coinmarketcap.com/currencies/bitcoindark/

About half of that is thanks to BTC surging higher, but still got to think that when the Swap officially begins, there will be additional buying pressure on BTCD, especially because at current price - .0036, you get 84% more than you did, per BTC, at the end of the ICO.  Someone just took a big chunk out of it at the ask and just 229 BTC left.  But that will get you 11,550 KMD.

After that, the next sizeable ask is at .0040, which is still a good deal, but not as sweet as .0036, for sure.

The next couple of weeks are going to be very interesting for both BTCD and KMD.  I guess the entire year will be, but I'm looking forward to be along for the ride.

For those buying BTCD for the upcoming swap to KMD, remember that BTCD is Proof of Stake and you get extra free BTCD just for owning some to begin with.  I didn't even realize this and then started to see Mining Rewards in my wallet.

However a mistake that I made is that when I password protected my wallet, it "locked it" for staking, which I assume means i wasn't eligible for any more mining rewards on what I hadn't staked yet.  I don't totally understand it, but I unlocked my wallet with my password and now I think it's working correctly and all my BTCD is staked.

So if you are buying BTCD off Poloniex, you want to move it to your personal wallet ASAP and start to earn extra for free.  Here is the link to the wallet:  http://bitcoindark.com/

And BTCD price has been creeping up on Poloniex today.  Right now there is just 1.44 BTC worth at an ask of .00360 and then there isn't a sizeable ask until .00400 so someone may want to grab that while they can. .0036 still gets you 85% more KMD after the swap than the end of the ICO.

Consider the following:

The Suggested ZKP Protocol Which Is Based On the Graph Isomerism Problem:
The researchers proposed a ZKP that is based on the graph isomerism problem in the following manner:
Let’s assume 2 isomorphic graphs G1 and G2 so that G2 = L (G1) where graphs G1 and G2 represent the public key and the private key is represented by the isomorphism L

1- The prover, or the spender, will randomly select an integer a ϵ {0, 1}. In other words, he/she will toss a coin
2- The prover, or the spender, will select a random permutation μ and then formulates a new graph where G3 = μ (Ga)
3- The prover, or the spender, will then send the graph’s adjacency matrix which is G3 to the verifier, or the miner.
4- The verifier, or the miner, will then send a random integer b ϵ {0, 1} to the prover, or the spender, and challenges him/her for λ which maps G3 to Gb
5- If the value of a equals that of b, the prover, or the miner, will send λ = μ-1 to the verifier or, the spender.
6- If a = 0 and b = 1, the prover , or the spender, will send λ = μ-1 * L to the verifier, or the miner.
7- If a = 1 and b = 0, the prover , or the spender, will send λ = μ-1 * L to the verifier, or the miner.
8- The verifier, or the miner, will check if λ (G3 ) = (Gb) and if confirmed will grant access to the prover, or confirm the transaction of the spender.

Repeated rounds of these mathematical operations need to be executed for the verifier, or the miner, to confirm that the prover, or the spender, is the real owner of the private keys related to the statement, or transaction in question, given the fact that the prover can occasionally be lucky enough to the guess the value of b before G3 is successfully sent. The probability of occurrence of this can be estimated by the following function with n representing the number of rounds. Accordingly, with several rounds taking place, the innate probability of this instance is relatively low, and probability of the verifier, or the miner, to confirm the identity of the prover, or the spender, is measured by the “level of confidence” which is calculated by the following function 1 – .
Accordingly, the presented protocol provides a zero-knowledge proof (ZKP) based on the problem of graph isomerism while promoting integrity, soundness and zero knowledge.

Although zero-knowledge proof (ZKP) protocols have been first described in 1985 by Goldwasser, it is still inspiring researchers to innovate new cryptographic systems that omit the need for third parties. Just like the cryptocurrency project, the Komodo Platform, a new cryptographic protocol has been just introduced to combine ZKP with the graph isomersim problem and soon enough we will see a new cryptocurrency that utilizes the idea.

As presented on deep.dot.web

Comments?

Yes a couple of people are complaining, which does make no sense, because the BTCD swap price was announced long ago. 

But you are correct that the low BTCD market price has only been the case for very recently.  And right now, it's still a bargain to buy BTCD and get huge KMD bonus before it starts trading.  And BTCD is up 7% in the last 24 hrs so creeping up lately with most trades at the ask.

Guys WHO CARES about the current BTCD price? Look, roughly 50 BTC worth of BTCD or around 15,600 BTCD were sold for these bargain basement prices. That is about 1.2% of the total BTCD in circulation. Which means about .06% the entire ICO investors got this recent really good price.

So please stop acting like someone is getting cheated. The REAL BTCD price will be determined when KMD hits the market exchanges, hopefully after some marketing and promotion and some releases. I hardly think anyone should be complaining about the price then.

That's probably true for some holders, yet there are current holders, who bought BTCD when the ICO started, and/or who are buying now to benefit from the bonus. Fairness might be irrelevant here and shouldn't be an issue as the rules were layed out from the begining.

i think its only fair to give an advantage to BTCD holders as they have been with the project for way longer than ICO investors. They are like super early investor when a company is running out of the garage.

@cowgirl, yes but... wasn't this clear from the 2nd post in this thread? https://bitcointalksearch.org/topic/m.16115491
Didn't we know from doing the math homework before the ICO? this is what i think i thought happened at that time of preICO but my memory does not serve me so well.

@tclo omg did you say mathgasims would be daily !? such mathporn makes me by more BTCD buy the day. thank you (i think i hope but don't really know until i polo all my Komodo and even so with all this mathpornknow, still i pray Komodo is no Dodo)

in case you missed out some good info i will bring back to you :

cheers, now i have active connections...
i am ready for BTCD swap !!! hope will come soon the news.

I have not invested that big but still i am thinking investing with bitcoin was huge mistake. I should have bought BTCD and wait for swap. I have also calculated like you and get almost similar difference in cost for 1000 KMD almost half.