I find all of this very interesting and the tech is promising.
However, I was not involved in and know nothing about SUPERnet or BTCD, so much of this thread is quite confusing for me.
I am finding it hard to make sense of the different angles here and to understand what I should do to maximise my value if I want to invest a decent amount of BTC into this.
Should I be buying BTCDs now to hold and exchange? how/where should I hold them? What's this business about dividends and getting some free stake in SUPERnet?
Really, if you want people like me to invest a lot of btc then you need to make it very clear for us exactly what we need to do now to get the max value from our investment.
If we get to the ICO and I find out that I could have got a few advantages by doing things differently (buying BTCD now etc) then it will put me off investing at all as I will feel I missed the real opportunity on offer - and many like me will feel the same.
I hope you'll make it very clear for those who have no knowledge of BTCD or SUPERnet exactly what they need to do now. If you want to attract 10's of thousands of btc then you will need to attract a lot of fresher blood than just your usual crowd. I applaud you not giving preferential treatment to BTCD holders. You are right, I would not invest a single btc if preference had been given. But don't forget, I also won't invest if I feel that I missed the boat on anything, and I know nothing about any of the other projects or income possibilities that are mentioned in this thread, they are not explained properly, so it leaves newcomers feeling very confused.
Please produce an idiot-proof guide for new btc investors with no previous knowledge of your other projects.
What should I be doing now if I want to get involved and get the most bang for my buck?
Thanks, good work, the scope and implications for the project are indeed fascinating.
Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 847. (Read 1192381 times)
September 10, 2016, 05:44:43 AM
September 10, 2016, 04:56:18 AM
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
No you didn't really answer the question I was asking at all. The issue here is that the BTCD chain will continue...for at least another year and several months. So some people will swap and others wont...staking will continue and those swapped coins will most likely be a huge pot of coins.....BTCD are still transferable, tradable, stakeable, and of value, possibly to pump and dumper whales, during the transfer period...which is full year and really a lifetime in crypto. So when I ask what will happen to the swapped coins, I am asking who will manage the coins and what exactly will be done with the account holding these coins...will they be sent to genesis, burned, or what? Not simply, oh, they will eventually fade away.
There was some discussion about potentially air dropped to kmd holders after a year but that hasnt really been decided yet. Also people that leave it toll 1 year to swap will lose 5% as they would have staked that amount.
Thanks for attempting to answer PondSea but there is still clarification. This should be decided asap and before the ICO begins IMO.
I dont understand why is this important to know before ICO begins? In a perfect world everyone will swap across asap so the BTCD 1.0 chain will be valueless.
September 10, 2016, 04:50:51 AM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....
I like to think he's an investor or was at some point. From a time is money standpoint, it's not logical for someone to spend hours reading and making posts over the years about a project if they are not invested.
Having some trolls is good for every ico thread, in my opinion. He bumps the thread and sparks banter/discussion.
This last response shows exactly why you moon children have it all wrong.
I investigate altcoins as part of the same long term interest in computer science and particularly liberation technology which led me to Bitcoin.
Bitcoin is barely ready to accommodate "an investor." The Winklevoss ETF process is a barometer of that immaturity.
No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.
You're here for the pump and dump, and don't care about the tech even if you understood it.
I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.
Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."
You really think you are "investing" in BTCD and its convoluted consequent exit scam? You millennials are so cute sometimes!
When you assume you look like an ass.
The majority of the investors that have held the coin for the last 2 years have been investing for the tech and I was one of them. I would also not be telling others about waiting for a pump and dump when you favorite coin has gone 10x on what? If you need someone to talk to when the DUMP happens, we are always here for you.
You are not here for intellectual pursuits, if you were, you would take off them Monero shades and actually evaluate the only thing that matters in this crypto world, the code. But you are here to spread FUD and just show how unintelligent you are.
September 10, 2016, 04:11:21 AM
And now?
ps: Or pm me for german translation
September 10, 2016, 01:07:09 AM
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
No you didn't really answer the question I was asking at all. The issue here is that the BTCD chain will continue...for at least another year and several months. So some people will swap and others wont...staking will continue and those swapped coins will most likely be a huge pot of coins.....BTCD are still transferable, tradable, stakeable, and of value, possibly to pump and dumper whales, during the transfer period...which is full year and really a lifetime in crypto. So when I ask what will happen to the swapped coins, I am asking who will manage the coins and what exactly will be done with the account holding these coins...will they be sent to genesis, burned, or what? Not simply, oh, they will eventually fade away.
There was some discussion about potentially air dropped to kmd holders after a year but that hasnt really been decided yet. Also people that leave it toll 1 year to swap will lose 5% as they would have staked that amount.
Thanks for attempting to answer PondSea but there is still clarification. This should be decided asap and before the ICO begins IMO.
September 10, 2016, 12:39:04 AM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....
I like to think he's an investor or was at some point. From a time is money standpoint, it's not logical for someone to spend hours reading and making posts over the years about a project if they are not invested.
Having some trolls is good for every ico thread, in my opinion. He bumps the thread and sparks banter/discussion.
This last response shows exactly why you moon children have it all wrong.
I investigate altcoins as part of the same long term interest in computer science and particularly liberation technology which led me to Bitcoin.
Bitcoin is barely ready to accommodate "an investor." The Winklevoss ETF process is a barometer of that immaturity.
No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.
You're here for the pump and dump, and don't care about the tech even if you understood it.
I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.
Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."
You really think you are "investing" in BTCD and its convoluted consequent exit scam? You millennials are so cute sometimes!
Does your old body realize that you are just making this "exit scam" more popular?
September 09, 2016, 10:30:45 PM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....
I like to think he's an investor or was at some point. From a time is money standpoint, it's not logical for someone to spend hours reading and making posts over the years about a project if they are not invested.
Having some trolls is good for every ico thread, in my opinion. He bumps the thread and sparks banter/discussion.
This last response shows exactly why you moon children have it all wrong.
I investigate altcoins as part of the same long term interest in computer science and particularly liberation technology which led me to Bitcoin.
Bitcoin is barely ready to accommodate "an investor." The Winklevoss ETF process is a barometer of that immaturity.
No altcoin is ready for anything beyond the wildest, wooliest-eyed get-rich-quick speculation.
You're here for the pump and dump, and don't care about the tech even if you understood it.
I'm here primarily for intellectual pursuits; intramurals such as trolling scams like BTCD and KoMoDo are just a nice diversion.
Case in point: you guys are having waaay more fun ganging up on me than discussing the (shared) point that "no one is exactly banging down the door to use BTCD."
You really think you are "investing" in BTCD and its convoluted consequent exit scam? You millennials are so cute sometimes!
September 09, 2016, 08:25:00 PM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....
I like to think he's an investor or was at some point. From a time is money standpoint, it's not logical for someone to spend hours reading and making posts over the years about a project if they are not invested.
Having some trolls is good for every ico thread, in my opinion. He bumps the thread and sparks banter/discussion.
September 09, 2016, 08:22:25 PM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....
September 09, 2016, 07:20:05 PM
Will BTCD be all converted into this one? Or will they coexist? What's the point of switching to Komodo if BTCD has so much more potential?
Komodo is BTCD 2.0 why you will be able to swap your BTCD at a bonus. Komodo includes all of BTCD's potential and more. All projects that were going to use BTCD in their tech, will now use Komodo. As Komodo is BTCD 2.0.
There better be a far greater argument than that, cause no one is exactly banging down the door to use BTCD. So far the most compelling reason to support Komodo is that Icebreaker hates it.
September 09, 2016, 03:28:31 PM
( I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
Is it possible that a new role could be made for btcd once things move to komodo?
I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.
And now you and ICOscam777 will continue to bog down and confuse the conversation with pages of tedious hand waving garbage dithering over exactly what and how and when dilution will occur.
Characterizing scam busting as "harassment" is equally precious. Oh poor you! Leave James Alone!
The irony of this thread so far is the Icebreaker, in his attempts to discredit James, is actually creating a huge FAQS thread that is only making James and his projects look better and more robust. Lol. To an outside observer, Icebreaker is helping James make the case for Komodo.
This is one of those rare times on Bitcointalk where reality is doing exactly the opposite than a troll intends.
For all we know he might be a BTCD whale
September 09, 2016, 03:27:29 PM
To counter the dilution the BTC bonus system would have for BTCD investors a similar system was established. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.
Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0.005852.
KMD coin distribution
10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.
I am having trouble understanding this exactly.
There are 90 million Komodo that will be distributed.
Will the BTC ICO be fixed price? Is there a reserved percentage of the initial 90 million Komodo for BTCD holders.
Current supply of BTCD = 1285692 × 0.00532074 = 6840 BTC
So is there only 30,000 - 6840 = 23160 BTC worth of Komodo available to BTC investors?
Maybe I am missing something. But would have been good, and saved everyone some time, if this was clear from the start.
No the amount per KMD is not fixed. There is also no fixed supply set aside for the btcd holder swap.
Basically whatever the total amount of BTC investment is at the end, including the roughly 7k btc worth of BTCD, that figure will be used to distribute the 90m KMD. The max is 30k BTC excluding the BTCD swap.
September 09, 2016, 03:20:26 PM
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
No you didn't really answer the question I was asking at all. The issue here is that the BTCD chain will continue...for at least another year and several months. So some people will swap and others wont...staking will continue and those swapped coins will most likely be a huge pot of coins.....BTCD are still transferable, tradable, stakeable, and of value, possibly to pump and dumper whales, during the transfer period...which is full year and really a lifetime in crypto. So when I ask what will happen to the swapped coins, I am asking who will manage the coins and what exactly will be done with the account holding these coins...will they be sent to genesis, burned, or what? Not simply, oh, they will eventually fade away.
There was some discussion about potentially air dropped to kmd holders after a year but that hasnt really been decided yet. Also people that leave it toll 1 year to swap will lose 5% as they would have staked that amount.
September 09, 2016, 12:06:21 PM
( I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
Is it possible that a new role could be made for btcd once things move to komodo?
I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.
And now you and ICOscam777 will continue to bog down and confuse the conversation with pages of tedious hand waving garbage dithering over exactly what and how and when dilution will occur.
Characterizing scam busting as "harassment" is equally precious. Oh poor you! Leave James Alone!
The irony of this thread so far is the Icebreaker, in his attempts to discredit James, is actually creating a huge FAQS thread that is only making James and his projects look better and more robust. Lol. To an outside observer, Icebreaker is helping James make the case for Komodo.
This is one of those rare times on Bitcointalk where reality is doing exactly the opposite than a troll intends.
It might be reverse fud and the truth is he has a lot of btcd or/and wants as much komodo as possible.
Everything is possible here.
September 09, 2016, 11:45:27 AM
( I'm not sure of the logic of the above poster, but offering a swap is hardly abandonment)( maybe this person can go harass nxt community about abandoning nxt1.0)
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
Is it possible that a new role could be made for btcd once things move to komodo?
I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.
And now you and ICOscam777 will continue to bog down and confuse the conversation with pages of tedious hand waving garbage dithering over exactly what and how and when dilution will occur.
Characterizing scam busting as "harassment" is equally precious. Oh poor you! Leave James Alone!
The irony of this thread so far is the Icebreaker, in his attempts to discredit James, is actually creating a huge FAQS thread that is only making James and his projects look better and more robust. Lol. To an outside observer, Icebreaker is helping James make the case for Komodo.
This is one of those rare times on Bitcointalk where reality is doing exactly the opposite than a troll intends.
September 09, 2016, 10:15:46 AM
To counter the dilution the BTC bonus system would have for BTCD investors a similar system was established. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.
Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0.005852.
KMD coin distribution
10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.
I am having trouble understanding this exactly.
There are 90 million Komodo that will be distributed.
Will the BTC ICO be fixed price? Is there a reserved percentage of the initial 90 million Komodo for BTCD holders.
Current supply of BTCD = 1285692 × 0.00532074 = 6840 BTC
So is there only 30,000 - 6840 = 23160 BTC worth of Komodo available to BTC investors?
Maybe I am missing something. But would have been good, and saved everyone some time, if this was clear from the start.
September 09, 2016, 09:50:43 AM
The Silent Progress of Deep Tech
https://steemit.com/iguana/@komodoplatform/the-silent-progress-of-deep-tech
September 09, 2016, 09:26:51 AM
So I still have not gotten a clear answer on this:
What is proposed to happen to the BTCD that has been swapped for Komodo?
What is proposed to happen to the BTCD that has been swapped for Komodo?
Nothing will happen to it.
Currently BTCD is used by Iguana, so the network will continue running to make sure nothing breaks. However, over time everything will be moving to Komodo blockchain, and at the end BTCD will have no role left in the SuperNET ecosystem. Komodo is the new BTCD, it just got an upgrade to the privacy technology and a new consensus method dPoW.
Does this answer to your question?
No you didn't really answer the question I was asking at all. The issue here is that the BTCD chain will continue...for at least another year and several months. So some people will swap and others wont...staking will continue and those swapped coins will most likely be a huge pot of coins.....BTCD are still transferable, tradable, stakeable, and of value, possibly to pump and dumper whales, during the transfer period...which is full year and really a lifetime in crypto. So when I ask what will happen to the swapped coins, I am asking who will manage the coins and what exactly will be done with the account holding these coins...will they be sent to genesis, burned, or what? Not simply, oh, they will eventually fade away.
September 09, 2016, 02:49:16 AM
Hi James
Thank you for your explanation, I might even grab a few more while there still cheap as chips. I'll hurry up and wait for you to sort it so I can remove everything from my NXT wallet, then close the bastard for good.
Cheers Jon
Thank you for your explanation, I might even grab a few more while there still cheap as chips. I'll hurry up and wait for you to sort it so I can remove everything from my NXT wallet, then close the bastard for good.
Cheers Jon
September 09, 2016, 01:01:56 AM
I want reserve italian traslation Thanks
Jump to: