Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 782. (Read 1192344 times)

oh, ok.

./komodo-cli paxdeposit RNJmgYaFF5DbnrNUX6pMYz9rcnDKC2tuAc 1 usd
usdkmd.6558498870 basevolume.100000000 baseusd.1000000000 paxvol.100000000 usdvol.100000
0255534400e1f505000000003c8ee61a3161993f4f7b7081259bf5f3322d65d3f8 ht.39430 srcaddr.(RNJmgYaFF5DbnrNUX6pMYz9rcnDKC2tuAc) usd fiatoshis.100000000 -> dest.(RSttHqE7YAooCTb3LjNEnhYwCCTsTb95BH) komodoshis.655849000
f0e1878432ce581fa8547b89e46b377181fa8b61719d70a4653e57d2f6790d02


I figured out how to encode a PAX deposit transaction into a normal bitcoin style transaction. it is a cold address as the pubkey 0255534400e1f505000000003c8ee61a3161993f4f7b7081259bf5f3322d65d3f8 is not published until it is redeemed.

Still fiddling with getting this data into the wallet so it can be used for the redeem. Also, still need to figure out how to submit a redeem.

Keep in mind this is the fundamental low level deposit/redeem based on fiat value from the blockchain. A higher level layer will need to be added to manage the overall balances, so really it is only half done.

Yes, you should.

not sure I should explain what I did today. It isnt a complete solution, just part of the required infrastructure, but it could easily be misunderstood until the rest is in place.

This also means all of James his work is coming into place. People think this man is only a ico scammer, but they are really gonna cry the hell out of it when everything clicks together and comes online. Quotes like:

"I missed the goddamn ICO"

"Never thought he would make it"

"I take my words back, he is no scammer"

will cross this topic.

Think twice: https://ico.komodoplatform.com

2016-10-24 17:26:45 proof-of-work found 
  hash: 02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca 
target: 0f0f0f0000000000000000000000000000000000000000000000000000000000
2016-10-24 17:26:45 CBlock(hash=02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca, ver=4, hashPrevBlock=023cb6cb5ac1bc4692533ad1c1db0ad13871cee5556b90dc08596b8991905e87, hashMerkleRoot=89adce444597ea16da2d9f44245d28dfd4e434f476da7d3ec817d39084123d2c, hashReserved=0000000000000000000000000000000000000000000000000000000000000000, nTime=1477329957, nBits=2003fe27, nNonce=0000febdc00fcfbc9889d391127c5b540a89340528b6986de8e2db6178e00000, vtx=1)


http://148.251.57.148/block/02a6d17d79ea8ee3f0181c5003f474cf8715529fd14bcac8cf1b758cd365d0ca

What is special about the above block is that the mining target hash is: 0f0f0f0000000000000000000000000000000000000000000000000000000000
which is the minimum diff, even though the actual diff at the time was around 4, with nBits of 2003fe27

this prevents mining wars between notaries. a lot of infrastructure needed to be in place for this to work, most especially height specific list of notaries. We still need to verify ratification of a new list of notaries, which is one of the last remaining items now that round robin difficulty is verified.

yes but there is a another bonus to the BTCD price at the end if I'm not mistaken. check out their calculator.

This is wrong! For BTCD to be a better way to invest in KMD-ICO than by investing via BTC on day one with 25% bonus you need a BTCD price of 425,6 k sat or lower. So dont worry. You haven't been fooled. You actually made a good deal.

The math is: 532k sat divided by 125 percent. Now we have 15% bonus for BTC ICO investors. So the maths now is 532 divided by 115 = 463 k sat.

Added a paxprices RPC call. It isnt fancy, just returns numsamples (timestamp, price) pairs starting from the most recent. The notary nodes are now generating pretty consistent pricefeed entries, so there should be plenty of the raw data.

All 1024 price pairs are supported, with an additional 32 against KMD. for now I just hard-coded .0001 BTC as KMD price, but once it starts trading, it will change based on exchange prices.

Another special case is when base and rel are the same, ie usd usd. I use that to denote the currency's abstract value. However, I had to come up with a sane way to combine the prices of different currencies without creating distortions, or at least minimizing distortions.

What I did was use recent M1 data for all currencies: http://www.tradingeconomics.com/japan/money-supply-m1 and multiple the abstract value in the price feed (will be detailed in PAXpaper). this allows combining different currency prices with some semblance of common denominator. Essentially we get a 32 currency total M1 supply using normalized prices.

Make sure everything fits in 64bit calculations and presto!

The base base value becomes the percentage of the 32 currency M1 supply.

./komodo-cli paxprices usd usd numsamples
{
    "base" : "usd",
    "rel" : "usd",
    "array" : [
        {
            "t" : 1477322826,
            "p" : 10.67656160
        },
        {
            "t" : 1477322769,
            "p" : 10.67656960
        },
        {
            "t" : 1477322697,
            "p" : 10.67658080
        }]
}

The above shows usd at 10.67% of the total M1 supply. Similar to coinmarketcap, I guess this is like a fiat marketcap. Guess which currency is #1?

https://bitcointalksearch.org/topic/m.16666410

Feel free to create one if you like

how about the speculation thread guys 

EasyDEX-GUI update by @grewalsatinder on SuperNET Slack channel #iguana:


In case you missed the earlier updates the Komodo privacy features can be used with the GUI Satinder is making.

Yes, like Karasugoi already explained your ICO page will get funded once the min of 0.0777 BTC is reached. Here's an example:

you send 0.03 BTC -> ICO page shows 0 BTC invested
you send another 0.03 BTC  -> ICO page shows 0 BTC invested
you send another 0.03 BTC -> ICO page shows 0.9 BTC invested


Like others already explained:
1) we made it quite clear in our posts and Steemit articles (also see the 2nd comment of this thread)
2) the market is not that liquid, you cannot really purchase many BTCD's


BTCD was a coin with good anonymity/privacy technology and its blockchain is being used by SuperNET/Iguana technologies
Komodo has the best anonymity/privacy technology and its blockhain will be used by SuperNET/Iguana technologies. As a bonus it has dPoW.

Komodo = BTCD 2.0

It is a Zcash fork that has dPoW consensus build on top of it.

Yes, the BTCD price should follow KMD price as the BTCD's can be swapped to KMD at any time during that one year period.

As a BTCD holder you will get the REV asset no matter when or if you do swap. We will take a snapshot of the BTCD blockchain right before the swapping begins. The exact time/block when that happens will be announced later. So when the snapshot happens you must have your BTCD in a local wallet and keep the privatekey safe. After the snapshot you can move the BTCD away from that wallet, and when the REV asset is created you can claim your share with the BTCD privatekey.

All clear now?

Positive.

Btcd investors are the ones who funded years of development for this project. I invested btc, but its very fair that they get swapped for years of support.

BTCD is bitcoindark?

Right, this coin is designed for btcd swap, like lisk for crypti bagholders.