Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 849. (Read 1192381 times)

Market cap of btcd is currently ~5k btc, so not bad.
What happens to the komodo left after the year has finished? Inevitably many will not be swapped.

so buy BTCD now?

Thanks for the observation.

The following is the list of projects I have started since last November when the NXT situation threw a monkey wrench into things by drastically changing its fee structure and everything else:

iguana

Now does iguana have more than a single function. Well yes. Maybe that is what confuses some people, they hear about all these different things that iguana does and cant imagine it is all just one thing.

Separately, an update on my "failed" asset jl777hodl which is a holding fund with 200 siafunds, which appears to be worth over 600 BTC in addition to other assets. Some rumors that siafunds will start trading on poloniex soon, and if its price goes above 5BTC each, then jl777hodl would have gone from 0 to 1000+ BTC. Considering it never did an ICO and I just funded it with my personal holdings, it is a good result.

I also invented the MGW, multigateway, which issues a proxy asset to represent native cryptos 1:1. The multigateway automatically accepts deposits into a multisig address and returns the corresponding asset. Redeems are also automatic and a destination address can be any valid coin address. This has been around for over 2 years and to me it seems to invalidate the claim that I never finish anything.

MGW + NXT AE was doing a tokenized DEX, which allows decentralized trading via the AE. Now we are finally seeing alternate implementations of this tech. 2 years later. I also see the trolls proudly posting lists of the dozen+ proxy assets I issued for MGW to support their claim I am doing an ICO every day. The truth is these assets and many others are just issued with a fee and they are kept around until some deposits are made. Not exactly the millions of dollars of free money I supposedly raised from asset sales.

I have also invested in a variety of other projects. Additionally I freely help other projects when they ask. Now maybe my problem is I post about things that are not just about iguana, but if you think about it, if I am posting about things then I am not coding.

Your observational skills need improvements. I only see a lot of dedicated work by James for a project that is very large in scope and has a long list of things to do in order to have all gears in place. Of course things must wait for their turn because others are first on the list. That is normal development, or how could it be different? I can't remember projects cancelled by James, on the contrary there were related third party projects that failed and James had to work more to make up for them.

Crypti holders were offered 1300 BTC buyout, and 14000 BTC was raised for Lisk.  Crypti swappers got less than 9% of Lisk supply

BTCD holders will be getting ~7000 BTC buyout.  Even if maximum 30000 BTC is raised for Komodo, that would still be 20%+ of supply going to BTCD holders.

It's a good deal, I'm happy with it.

I don't see any Crypti holders complaining anymore, now that the BTC value of their holdings is up 350%+ through the Lisk conversion

Very nice move. This was the kind of additional extra I wanted to achieve for BTCD holders.
Will blog about this within the next 2 weeks.

maybe step by step in cryptoworld is better

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?

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?

I think a better way to put it is that JL takes on too many projects and 95% of the projects that he announces get indefinitely postponed or cancelled because another ground-breaking idea pops in his head. I think its a bit of ADD. edit - nothing personal intended only observational claim here 

Please don't fall for the usual fud, there is expecially one notorious troll Icebreaker that continues making stuff up. He sounds retarded if you know the facts. The only past Ico was Supernet and the first release of its core component Iguana is around the corner. No project has been abandoned, James is working very hard but the to-do list is long. By January with both Iguana and Komodo released the future will look pretty good.

If you're interested in the whole Supernet project there many ways to invest, of course the first one is Komodo, the other one are the various assets available for many different features. There is graphics of the assets relationships, note that Komodo will replace Btcd and there are some third party assets/features that don't depend on James.

Joining the Supernet slack is the best way to stay updated and see the progress in real time.

I know jl777 is a famous developer. But can someone summarize how many ICOs he launched and how many he delivered? I read somewhere that he likes to abandon projects.

I hope my message is not moderated, I am genuinely interested in investing but I need some information that I lack.

thanks

Tweeted!! https://twitter.com/KomodoPlatform/status/773816650432995328 

An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution 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.

We are working on it, there is no exact publication date yet.

yes, but calculate the cost at 33 signers

also for planning purposes I need to account for the possibility of the 1MB blocks filling up and a fee market being created that boosts the txfees significantly

Sorry guys.  It was 100% predictable that ICOscam777 would be giving BTCD investors "the D."

Citation:

Like any company on the stock market you may have invested at a high price only to see the price drop and get taken over. You can't expect to receive an extremely high premium above the original ICO, just not free market. A premium received on current price is the right thing to do.

A little note on this. The true believers in BTCD (and most of them are from the beginning when price was high) don't participate in the % bonus you have in the ICO. That is the part i'm a little disappointing in with. I staked 2 years long to keep the network alive and it feels a little now that we have to stand back in the line and in front of us are the new believers. It doesn't feel right.

I'm sure you have the best intentions with all this, but for me personally it feels like a rip off. Price of BTCD will go until the ICO to the price you guys have decided, so at the end we get nothing while we supported the network and the coin till the end.