Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 847. (Read 1191989 times)

Hello!

You are bringing up an important point. Our previous Q&A post was primarily directed towards the BTCD community. We should definitely make another Q&A for the BTC investors as well.

Also we have a whitepaper coming, and we will be making more articles describing what we are up to!

If you are looking for some general information regarding SuperNET we had a report made about it: SuperNET & Nxt Annual Report 2015 Some of the info is already outdated though, as there were a split between Nxt and SuperNET, then Ardor,  and now BTCD's roadmap had an upgrade to Komodo. It also talks about a lot of things not directly related to SuperNET. It should give a good general overview nonetheless.

We also recommend you to join our Slack, we have dedicated channels for each project.

If you are able to get BTCD at below the implied price, then that would be the most cost effective way. However, BTCD doesnt have a lot of inventory for sale, as there only seems to be ~50BTC available at or below the implied price + bonus

The first day 25% bonus for BTC investors wont have any liquidity issues and will get the best BTC based price without any complications.

Of course, any BTCD you can pick up below .00425 will be better by the ave early bird bonus for the ICO. Likely ~10%. But the lack of liquidity will make it hard to get any very large amounts. In a sense BTCD is an ICO token with a very early bird bonus

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.

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.

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.

And now? 

ps: Or pm me for german translation

Thanks for attempting to answer PondSea but there is still clarification. This should be decided asap and before the ICO begins IMO.

Does your old body realize that you are just making this "exit scam" more popular?

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!   

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.

 

Well that is a valid reason, but then again he hates anything that he isnt a bag holder in so.....

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.

For all we know he might be a BTCD whale 

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.

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.

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.

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.

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.

The Silent Progress of Deep Tech

https://steemit.com/iguana/@komodoplatform/the-silent-progress-of-deep-tech

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.