Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 748. (Read 1192347 times)

I wonder if these elections might induce node 'parties' and coalitions to form with platforms and policies. Watching with interest!

I ended up with 2.69M KMD (i.e. 2.69% of the vote)

I've had a few enquiries so far.

Now that the ICO is over attention should turn towards the coming election.

At one extreme there are tech guys with skills & time to run nodes, but not enough KMD/votes to elect themselves

At the other end there are guys with enough KMD/votes to elect themselves, but not enough time & skills to run a node

Some testnet node operators will have sufficient KMD/votes to elect themselves - my offer is obviously not of interest to you

Some testnet node operators will have arrangements with other large holders now - my offer is probably not of interest to you now (but maybe later)

Some testnet node operators will not have sufficient KMD/votes to elect themselves AND they don't have a current arrangement with another large holder - my offer should be of interest to you!

To those people running testnet notary nodes I will point out the obvious - If you don't get elected, you wont be running a notary node!

I'm looking for a long-term 'set and forget' arrangement. Assuming a standard first-past-the-post voting system, my KMD/vote quota should be enough to guarantee ~1.5 notary nodes ... Forever!

I accumulated BTCD since 2014 in the hope of securing a hassle free income stream for many years, I'm planning to hodl my KMD for many many years.

If you want a hassle free income stream for many many years too, but you're not 100% sure that you'll get elected, and KEEP getting elected, then my offer might be worth considering.

If I can't come to a mutually beneficial long-term relationship then I'll bite the bullet and pay someone to setup and manage a node for me, and I'll keep 100% of the profits.

BUT, I'd be happy with 50% of the profits if I didn't have to worry about ANYTHING.

I do really want a set and FORGET arrangement, and I'm prepared to pay 50% of the profits from running a notary node to get it.

Why would someone invest at 0% when buying BTCD would be 50% if everyone had known about the difference in pricing? If you can explain why someone would do that even though they had this information then i will concede.

Otherwise we can agree to disagree.

Lol.  You literally have no idea what you are talking about.

My bad.

Can someone explain this to me who might know.  When they say 500 BTC was raised at 35% bonus (assuming it's 1 investor for sake of this question) does that mean they will be getting allotted Komodo as if they contributed 675 BTC (500 * 1.35) or does that mean someone contributed 370.37 BTC and is getting 500 BTC worth after the 35% adjustment?

I'm asking to try and better understand what we are likely to see when this coin hits exchanges.  

You are assuming the market understands that there is a fundamental shift in BTCD and the premium it now carries. If that were true people would have bough into BTCD instead of BTC at 0%.

It was more of a reply to the perceived large discount that was mentioned earlier.  What you're saying is clear!   

Actually it's the opposite.  The declared market value by Komodo team erroneously takes into account the premium for BTC holders which it should not.

You don't get to just decide to add a premium onto something and then that means the market cap is worth more now.  That's not how it works.  The market has already decided (through demand) that BTCD is worth $4.089M.  Even more telling is that there is a clear 50% premium being offered on BTCD.  If that was a real arbitrage then traders would come in and buy BTCD to that price level of 0.006 (which is not happening because the market values BTCD at $4.089M).  

To say the market cap is higher simply because you are offering more Komodo for BTCD is akin to being Donald Trump and declaring you are now worth more billions because of some arbitrary factor like how you feel that day.  

There are only ~104 BTC worth of BTCD available for sale up to 0.006 on Poloniex right now.  Peanuts.

Market value does not take into account the premium for BTCD holders.

The market values all BTCD in existence at $4,089,676 according to www.coinmarketcap.com.

So the real Total Market Cap of Komodo based on the market is = 2634.04 BTC * (~$727) + $4.089M = $6.00M

Now of course when it hits exchanges, the market will decide how much of a premium the team and idea are worth.

BTCD price wasn't at 0.006 BTC when the 0% investors decided to invest using BTC, so they knew they wouldn't have obtained a benefit.

Forgive my confusion, but if you wanted the cheap rate, why don't you just buy it now?

Also BTCD is still available for purchase at around 0.0042 at poloniex which means people can still get Komodo at almost more than 50% bonus even though the ICO is over now.

If BTCD price was at 0.006 then investing in BTC would have obtained benefit right?

No one can stop others from offering 50% discount. If they are still offering this when KMD comes out i will buy all of it myself.

There still must be a benefit to investing in BTC. Why did lots of people choose to invest with 0% bonus rather than with 50% bonus obtained from buying BTCD?

So I've been waiting on my funds to clear for the past week and a half so I could invest in this ICO. My bitcoin is finally arriving today but the ICO is over. Will I still be able to buy BTCD before the snapshot in two weeks and receive KMD?

Yes you can.

The pricing for BTCD was given at the onset of the ICO, so it was known. The ratio of the funding that is coming from BTCD was not expected but that is not something the team can control. If the markets were logical, BTCD would be at 0.006 right now, but it isnt.

I have to say I'm quite disappointed with the team in using an inflated BTCD price. There is a higher risk to invest earlier for a higher bonus, but now people can invest with 50% bonus at the same risk level as those with a 0% bonus. Someone correct me if I'm wrong (I would love to be wrong).