Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 848. (Read 1192381 times)

Jl777 addressed my concerns about cryptocard up thread. I believe him when he says he didn't convert all his cryptocard assets based on insider information that sasha from  WAVES plans to abandon cryptocard anon debit card project. If jl777 still intends to argue on behalf of cryptocard investors to sasha that crytocard and other coinomat assets be incorporated into WAVES and not abandoned, then my complaint has been addressed, and I withdraw my earlier statement that iCEBREAKER quoted. Jl777 can still advocate for cryptocard even if he converted his own into WAVES. I believe he will do this.

The problem is that the NXT AE's liquidity has really dried up due to circumstances beyond my control. So instead of trading at some reasonable price that reflects the true value of its holdings, it doesnt really trade at all. I warned them. I made a lot of noise about this. I predicted this would happen if they went ahead with their splitting the coin plan, but I was ignored. And I could no longer justify spending my time enhancing NXT.

The split with NXT is what convinced me that I had to create my own platform that I can trust to not be changing beneath my feet if it suits the interests of the primary coin holders. Derived crypto has no protection against the hardfork attack where the devs and large stakeholders agree to transfer value from the addons, like assets.

To solve this I am making assetchains, a blockchain secured by itself using PoS of itself. Now before you start accusing me of starting another project, this one was forced onto me by the NXT situation and I designed a solution that fits into the SuperNET roadmap.

Now the problem with a PoS chain with very few nodes is that it will be very weak and I would not feel it secure enough. So what is needed is a way to enhance the security of assetchains.

Hence dPoW

Before any trolls try to say I did the same thing to BTCD, I remind them that NXT assets had literally millions of dollars worth trading on it before they changed the fundamental future value of what assets are denominated in and without any way to get back onto the main value coin. Of course they are nice enough to support a slave chain at the mercy of the mainchain if you pay a 50% tax. This would be similar to the NASDAQ saying that instead of trading in USD, they are changing to the Argentine peso, except for a while it will trade as it if was (half EUR + YEN), except for the time where it is ...

All NXT asset holders had to become like advanced forex traders and instead of highly predictable currencies like the USD, GBP, lira, peso, they would be denominated in an ever changing base value whose price had no history and was totally unpredictable. It didnt take a genius to realized that to properly price assets in such chaos would be beyond the skills of most the existing assetholders. All they would see is crazy overnight 4x revaluations and 80% drops and that is if the prices did the logical thing! If nobody is trading something and it revalues, then it cant help but be mispriced. And globally mispricing all assets in the market and saying that its the assets fault if they stay mispriced. They are causing financial harm to basically everyone that invested in my assets and I couldnt do anything about it. I just couldnt deal with it anymore and left NXT.

There are no assets denominated in BTCD. Also, even if there was, I would have allowed assets to become denominated in KMD. It matters what currency you trade against.

Oh, the true native DEX will allow trading of all the assetchains directly against BTC, and each other.

So that is what is happening with jl777hodl and many other assets.

I can also talk about why InstantDEX is not yet. Originally I designed it based on NXT, then all the blockchain messages became temporary which is not good for financial records that I wanted to use it for. The permanent messages costs went up 5x and what was already on the high side for fees of 5 NXT due to the number of transactions, would have cost 25NXT. That is more than the cost of using bitcoin!

Rather than release it with an nonviable pricing, I decided to wait to port it on top of iguana. Of course, to get some product release pump, I could have released it, but that is not who I am. If the non-technical aspects of the tech make it non-viable, I wont release it just to be able to say I released it.

Not much has happened with it. Currently it is a steal when factoring in the siafunds it contains.

Hi James
 I see mention of jl777hodl. I own a few hundred but I don't really get it so to speak they have a current value of between 3/4 nxt, which is bugger all. Can you give any heads up about what's happening with this asset

Cheers Jon  

As a happy user of the MGW   I can for sure say it is fully operational.   James has been working tirelessly on the Iguana project for a long time now and its finally coming to fruition.  I even had the joy of running  the GUI version of it  and  by all accounts it is arguably the best piece of crypto software since Bitcoin itself.   Projects of this scale  take time,  and it definitely has been worth the wait.

claiming MGW is abandoned, jl777hodl is failed when it has accumulated 600+ BTC from just one of its holdings, and other desperate FUD, it does seem that somebody is in a panic mode.

on the one hand "jl777hodl is a failure"
on the other hand it has 200 siafund worth over 600 BTC

on the one hand "MGW is abandoned"
on the other hand MGW has been in service for years as described above

on the one hand "jl777 starts project after project"
on the other hand jl777 has be focussed on iguana for the last 10 months

anyway, iguana was having some windows compatibility issues and so I ported the entire 100,000 line codebase into visual studio, today. I guess I am just too slow and I should have been able to do it in 4 hrs? My only excuse is I dont even have a windows machine and had to do it remotely, power went out for a few hours and I dont use windows. that is why it took all day

So let us stop this nonsense about me not finishing projects. Porting iguana to visual studio would have been a month+ project for most devs. So does it count against me that I started the port iguana to visual studio project today and finished it today?

I don't post much here and even less in order to reply to FUD, and I think james is able to address other accusations perfectly by himself, but when browsing quickly I saw this part of your quote, digging up for convenience an old abandoned topic in nxtforum, I could not refrain myself. If you pasted this, you seem to have little clue about what you're saying, or if you really do have a clue, you do not seem to care about what you post. I think I am qualified to reply because I have been coordinating the Multigateway service for quite a long time now.

The Multigateway working in Nxt Asset Exchange is perfectly fine and working, thank you. The mgwCOIN assets were development assets that were swapped over a year ago for the superCOIN assets that have been used since, through the MGW v2 server code, and are still being used, most specially superBTC and superBTCD. You can find the current assets information in the Multigateway information website. The multi-wallet GUI to deposit and withdraw supported coins is SuperNET Lite. Here you have the source code and the downloads and releases information. The client side is currently developed by tosch taking from the first SuperNET Lite release in 2015.

Maybe Iguana will make the current incarnation of the Multigateway obsolete. Maybe the Multigateway in Nxt will morph to a new tool under new development hands. There's a lot of things changing, the pace is speeding up, and it is difficult to predict how everything will work next year, but quoting the MGW as an "abandoned project" is ridiculous and simply false. James moved on to develop other projects when the MGW was stable, and in spite of the disagreements between james and the Nxt developers, SuperNET has been keeping the MGW infrastructure up for a long time and maintaning a useful tool for the SuperNET/Nxt community.

tl:dr, check your sources. Otherwise you are hurting any credibility you may have.

Oh boy, are you pulling a bill clinton on me? It depends on what meaning of "is" is..

Since you like to "read between the lines" has it occured to you that james could have used monero/boolberry/aeon tech for btcd but he did not. Like an adult he realised zcash was going to be superior and chose it instead.
#iceRekt

Can not wait to read it 


I took the time to read (probably) all available stuff about the swap today and I came to the conclusion that it is a good deal for BitcoinDark hodlers. I was a little doubtful at first. JL777 did a good job and he still doing a good job. Keep going!

Website link is in the OP www.komodoplatform.com and there are all the names behind it (many well known). Whitepaper is in preparation.

ICO limited to 30,000 Bitcoin??

No whitepaper?
No website?
No names of those behind it?

I have no experience with Reddit but I did some Fb campaigns years ago, it can be well targeted to people with interest in crypto and doesn't cost much.

Our understanding is that on Reddit the ad spots are booked for many months in advance. We will consider a Facebook ad campaign though, if we conclude it to be worthwhile.

Is a Facebook ad campaign something you would strongly recommend yourself?


We cannot promise anything like that. Our current plan is to eventually move all the tech over to Komodo.

Of course a new developer team could be formed for the BTCD, but for a project without any funding that is quite unrealistic.

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!   

There is no logic in the above poster, Icebreaker has been for a long time one of the most notorious BTT trolls. He regularly trolls any thread on any coin that isn't in his investment portfolio. Sometimes he changes sides (i.e. he dumps a coin) and start trolling his old favourite and praising the one he trolled the day before. He has been also involved in a previous scam.

(  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)


Is it possible that a new role could be made for btcd once things move to komodo?

A year ago, I predicted BTCD would be abandoned before being completed, and that's exactly what happened.

My fears were well-founded.  My uncertainty based on the fact ICOscam777 has left dozens of unfinished project in his wake.  My doubt turned out to be the correct assumption.

I'm not the only one who says this; many victims of these ICO scams have spoken out.

EG:



No project has been abandoned?



can't find the server at www.jl777hodl.com

https://isitup.org/www.jl777hodl.com
---->
Oh no! www.jl777hodl.com seems to be down!

 

#REKT

@KomodoPlatform

do you plan to make an ad campaign on Reddit and Facebook?

working capital