Author

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 852. (Read 1192381 times)

legendary
Activity: 1176
Merit: 1134
Many of those assets were dividends, however the case of cryptocard is very disappointing. Jl777 launched that fundraiser on the btcd thread, collected 10k btcd from memory when it was worth a lot more, but now he says that was coinomat project. Jl777 converted all his cryptocard assets into WAVES, then sasha mentions after the waves ico ends that coinomat business will likely be sold (who would buy coinomat?), and definitely not part of WAVES. The cryptocard asset was a fail, and jl777 raised considerable funds, and dumped his own assets, probably knowing sasha's intentions to abandon it. Please correct if that is wrong, but either way, I can understand and accept much of jl777's past record, but cryptocard is a black mark imo. Jl777 started cryptocard, raised the funds, subcontracted sasha and coinomat, then adandoned the project and bailed to waves, probably with insider knowledge, leaving bagholders still thinking an anon debit card is still being worked on. Much is forgivable with jl777, but the cryptocard affair reflects poorly on jl777 and sasha.
The cryptocard has been completed for over a year as much as it ever would and even paid out a few dividends. while it is true is has been a disappointment, everybody had the chance to convert cryptocard into WAVES. That was public knowledge and available for all.

I had no insider knowledge of the status of coinomat and in fact I still hold millions of coinomat assets. My understanding is that coinomat business is being converted into a WAVES oriented one, which makes sense to me and why I continue to hold millions of coinomat assets. This is not any bailout behavior.

I think it is quite unfair that you accuse me of wrongdoing for swapping a disappointing asset using the same method available to everyone. Was I supposed to not do the swap? If so, then other people would accuse me of not doing what I should have. I believe all the amounts raised would have been recouped via the WAVES swap, at least very close to it, so a disappointment, but not a disaster.



If you didn't have insider knowledge on sasha's plan for the cryptocard, then I accept that. It was a failed project so far, and I think you have to accept it was one of yours, so when I learnt you had swapped it didn't look good to me, and the other day you said it was a 'coinomat' project, and I don't think the investors ever thought that. It looked like you were subcontracting coinomat to do the card that would then be plugged into the btcd ecosystem by you. I apologise if I offended, but for smaller investors like myself there's always the fear that 'insiders' are working things out behind the scenes to their own benefit at the expense of regular investors. If you and sasha never discussed his likely abandoning of it, then I believe you, but imo it was your project, and maybe you could argue in favor of him incorporating cryptocard into waves in some form.
I am not aware of any plans to cancel the crypto card. and certainly if he is planning this I would be against that.

I did coordinate this, so in that sense I was involved, but the banking environment changed from bad to horrible during the project and the best could be done was done. As I am not expert in fiat banking, I need to rely on others for such things

thank you for your understanding.
sr. member
Activity: 405
Merit: 250
Many of those assets were dividends, however the case of cryptocard is very disappointing. Jl777 launched that fundraiser on the btcd thread, collected 10k btcd from memory when it was worth a lot more, but now he says that was coinomat project. Jl777 converted all his cryptocard assets into WAVES, then sasha mentions after the waves ico ends that coinomat business will likely be sold (who would buy coinomat?), and definitely not part of WAVES. The cryptocard asset was a fail, and jl777 raised considerable funds, and dumped his own assets, probably knowing sasha's intentions to abandon it. Please correct if that is wrong, but either way, I can understand and accept much of jl777's past record, but cryptocard is a black mark imo. Jl777 started cryptocard, raised the funds, subcontracted sasha and coinomat, then adandoned the project and bailed to waves, probably with insider knowledge, leaving bagholders still thinking an anon debit card is still being worked on. Much is forgivable with jl777, but the cryptocard affair reflects poorly on jl777 and sasha.
The cryptocard has been completed for over a year as much as it ever would and even paid out a few dividends. while it is true is has been a disappointment, everybody had the chance to convert cryptocard into WAVES. That was public knowledge and available for all.

I had no insider knowledge of the status of coinomat and in fact I still hold millions of coinomat assets. My understanding is that coinomat business is being converted into a WAVES oriented one, which makes sense to me and why I continue to hold millions of coinomat assets. This is not any bailout behavior.

I think it is quite unfair that you accuse me of wrongdoing for swapping a disappointing asset using the same method available to everyone. Was I supposed to not do the swap? If so, then other people would accuse me of not doing what I should have. I believe all the amounts raised would have been recouped via the WAVES swap, at least very close to it, so a disappointment, but not a disaster.



If you didn't have insider knowledge on sasha's plan for the cryptocard, then I accept that. It was a failed project so far, and I think you have to accept it was one of yours, so when I learnt you had swapped it didn't look good to me, and the other day you said it was a 'coinomat' project, and I don't think the investors ever thought that. It looked like you were subcontracting coinomat to do the card that would then be plugged into the btcd ecosystem by you. I apologise if I offended, but for smaller investors like myself there's always the fear that 'insiders' are working things out behind the scenes to their own benefit at the expense of regular investors. If you and sasha never discussed his likely abandoning of it, then I believe you, but imo it was your project, and maybe you could argue in favor of him incorporating cryptocard into waves in some form.
legendary
Activity: 1176
Merit: 1134
On the one hand, "jl777 never finishes anything"
on the other hand, screen shots from GUI that is open source and anybody can run and verify for themselves.

On the one hand, "jl777 abandons his projects"
on the other hand, there is a migration path for BTCD holders and all the projects tie into SuperNET.

On the one hand, "jl777 will NEVER be able to implement Zcash in Komodo"
on the other hand, jl777's input is being acknowledged in official Zcash protocol documentation.


ROFLMAO!   Grin


You got me there. I guess I do get involved in other projects on a volunteer basis, I hope that is acceptable?

I want to address the issue of "competition with zcash"
There is none.

open source projects are open source in the hopes that other projects utilize it, build on it, maybe even grant back improvements. That is exactly what komodo is doing. Utilizing zcash, building on it and we will of course gladly give back any and all improvements zcash team deems worthy. They are not going to be doing GUI for a while, so maybe we can contribute a dual ZEC/KMD GUI. And if they want to, they can even just strip out the KMD part of the GUI, but they dont strike me as that type.

I have also extended an offer for the 5% staking revenues from the zkp protected funds as there is no way to calculate anything but the aggregate amount in protected form. So this interest can either just extend the coin emission, or it can be donated to the zcash team. So far no interest in this from them. Probably since they are well funded and will be making a ton of money with the ZEC, which I expect to be a game changer in crypto.

The history of zcash starts with zerocoin that Dr. Matt Green wanted to have bitcoin adopt. Well, that didnt get very far... So there is now a zcash company that is creating a bitcoin compatible + zcash combo. Are they doing it with a profit motive? It doesnt look like it to me, they want the zkp tech to be disseminated far and wide. And they are only making money if ZEC becomes worth a lot. Money is nice and pays the bills, but that does not appear to be the primary motivation.

Being adopted by major projects is exactly what creates the big value to the original fork. And being adopted by major projects disseminates the zkp tech far and wide. After komodo's example, my guess is that there will be many other zcash forks so komodo will just be the first of many.


legendary
Activity: 1176
Merit: 1134
Many of those assets were dividends, however the case of cryptocard is very disappointing. Jl777 launched that fundraiser on the btcd thread, collected 10k btcd from memory when it was worth a lot more, but now he says that was coinomat project. Jl777 converted all his cryptocard assets into WAVES, then sasha mentions after the waves ico ends that coinomat business will likely be sold (who would buy coinomat?), and definitely not part of WAVES. The cryptocard asset was a fail, and jl777 raised considerable funds, and dumped his own assets, probably knowing sasha's intentions to abandon it. Please correct if that is wrong, but either way, I can understand and accept much of jl777's past record, but cryptocard is a black mark imo. Jl777 started cryptocard, raised the funds, subcontracted sasha and coinomat, then adandoned the project and bailed to waves, probably with insider knowledge, leaving bagholders still thinking an anon debit card is still being worked on. Much is forgivable with jl777, but the cryptocard affair reflects poorly on jl777 and sasha.
The cryptocard has been completed for over a year as much as it ever would and even paid out a few dividends. while it is true is has been a disappointment, everybody had the chance to convert cryptocard into WAVES. That was public knowledge and available for all.

I had no insider knowledge of the status of coinomat and in fact I still hold millions of coinomat assets. My understanding is that coinomat business is being converted into a WAVES oriented one, which makes sense to me and why I continue to hold millions of coinomat assets. This is not any bailout behavior.

I think it is quite unfair that you accuse me of wrongdoing for swapping a disappointing asset using the same method available to everyone. Was I supposed to not do the swap? If so, then other people would accuse me of not doing what I should have. I believe all the amounts raised would have been recouped via the WAVES swap, at least very close to it, so a disappointment, but not a disaster.

sr. member
Activity: 405
Merit: 250
What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?

Here's a (partial) list of ICOscam777 projects:

After spending hundreds of hours roaming this forum I must tell you I feel JL777 is the biggest scammer around.
The amount of BTC gathered for BTCD/superNET/NXT-assets issued by his gang is just horrendous.

And the feeling is like everybody is waiting for the miracle tech to come out if not today, tomorrow for sure.
Just scan the thread for BTCD, its almost, almost, almost there. It's finally coming together ... stuff like this on whatever page you chose.

But for BTCD in particular, I see the same wallet used for many months now. I know there is beta around, but it's almost 2 years since BTCD was born. 2 years.


From NXTforum:

(16) jl777's Group of Assets
Type: Dividend Paying

TOKEN (Unity) | ID: 15641806960898178066 | More Info | ACTIVE
sharkfund0 | ID: 3006420581923704757 | More Info | ACTIVE
SuperNET | ID: 12071612744977229797 | Forum | ACTIVE
NXTventure | ID: 16212446818542881180 | More Info | More info 2 | ACTIVE
InstantDEX | ID: 15344649963748848799 | More Info | Status
Privatebet | ID: 17083334802666450484 | More Info | Status
NXTprivacy | ID: 17911762572811467637 | More Info | Status
jl777hodl | ID: 6932037131189568014 | More Info | ACTIVE
Atomic | ID: 11694807213441909013 | More Info | Status
NeoDICE | ID: 18184274154437352348 | More Info | ACTIVE
NXTcoinsco (Tradebots) | ID: 17571711292785902558 | More Info | Status
cryptocard | ID: 7110939398145553585 | More Info | Status
Boost | ID: 9719950459730291994 | More Info | ACTIVE
SNN | ID: 15113552914305929842 | More Info | Status
SuperHODL | ID: 13120737659249432970 | More Info | Status
NXTforex | NA | NA | NA


(5) Joint Venture - Supernet, NXTventure

FreeMarket | ID: 134138275353332190 | More Info | ACTIVE
Omnigames | ID: 7441230892853180965 | More Info | Status
Pangea | ID: 6883271355794806507 | More Info | ACTIVE
Jay | ID: 8688289798928624137 | More Info | Status
Skynet | ID: 6854596569382794790 | More Info | Active
OpalToken | ID:  5326942574002986149 | More Info | Active


(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE


Multiple coins are participating in SN, bought up by LJ (on investor's behalf of cause)
Aaaand there is new project born every day. And new ones after that. And some ideas for a brand few new ones in the middle.


Two years almost passed. InstantDEX is almost ready?




BTCD, after doing nothing for two years, is being abandoned.  Turns out BTCD was just a research project, not a serious effort with long-term committed devs.

SORRY FOR YOUR LOSS   Cheesy

Now shut up and buy into Kodomo, the replacement scam.

These gullible bagholding chumps love to throw their money away into every new ICO scam jl777 hypes.

I warned them jl777 never finishes anything he starts.

I even predicted this exact thing would happen; it's obvious when you see his pattern of ICO-hype-abandon-repeat.

Nobody should have the slightest bit of sympathy for fools who keep the faith in their Dear Leader, after having been burned so many times.

NEW FLASH: SUPERNET is being abandoned in favor of jl777's new project SUPER-DUPER-ULTRANET!!!!   Grin

Many of those assets were dividends, however the case of cryptocard is very disappointing. Jl777 launched that fundraiser on the btcd thread, collected 10k btcd from memory when it was worth a lot more, but now he says that was coinomat project. Jl777 converted all his cryptocard assets into WAVES, then sasha mentions after the waves ico ends that coinomat business will likely be sold (who would buy coinomat?), and definitely not part of WAVES. The cryptocard asset was a fail, and jl777 raised considerable funds, and dumped his own assets, probably knowing sasha's intentions to abandon it. Please correct if that is wrong, but either way, I can understand and accept much of jl777's past record, but cryptocard is a black mark imo. Jl777 started cryptocard, raised the funds, subcontracted sasha and coinomat, then adandoned the project and bailed to waves, probably with insider knowledge, leaving bagholders still thinking an anon debit card is still being worked on. Much is forgivable with jl777, but the cryptocard affair reflects poorly on jl777 and sasha.
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
legendary
Activity: 1176
Merit: 1134
USSA is pushing for backdoors into encryption: http://thedashtimes.com/2016/09/06/fbi-announces-post-election-attack-encryption/

What we are working toward is to protect people from losing all their privacy, with the best technology possible.

Clearly, I could have set things up to pump the BTCD price to personally make a lot of money. I didnt. That is not my goal.

They say that actions speak louder than words.

komodo will raise potentially a lot of money, that's true. However, compared to the resources the real opponents of crypto have, it is a rounding error on the passive interest they can make in a day.

To me, money is a tool. A tool that can be used to get things done. I have been in a position to run away with millions of dollars worth of crypto, for years. I havent.

The crypto world is fragmented and getting worse, this is by design. Of the opponents. iguana brings all the bitcoin compatibles into the same technical platform. dPoW will bring all participating blockchains to be in harmony with bitcoin, to extend bitcoin's domain.

Build from strength. In crypto, Bitcoin is the strongest and most secure, but it is slow to evolve. dPoW allows Bitcoin to continue its slow pace, while allowing an entire ecosystem of innovative crypto solutions to benefit from its PoW expenditures.

legendary
Activity: 1176
Merit: 1134
Isn't it possible to ban ICEBREAKER from the thread? He's making stuff up as usual
seems his sockpuppets got tired or something.
but I chose to not make a moderated thread as my believe is that intelligent people will be able to sort through the opposing views.

On the one hand, "jl777 never finishes anything"
on the other hand, screen shots from GUI that is open source and anybody can run and verify for themselves.

On the one hand, "jl777 abandons his projects"
on the other hand, there is a migration path for BTCD holders and all the projects tie into SuperNET.
legendary
Activity: 1176
Merit: 1134
What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?

Here's a (partial) list of ICOscam777 projects:

After spending hundreds of hours roaming this forum I must tell you I feel JL777 is the biggest scammer around.
The amount of BTC gathered for BTCD/superNET/NXT-assets issued by his gang is just horrendous.

And the feeling is like everybody is waiting for the miracle tech to come out if not today, tomorrow for sure.
Just scan the thread for BTCD, its almost, almost, almost there. It's finally coming together ... stuff like this on whatever page you chose.

But for BTCD in particular, I see the same wallet used for many months now. I know there is beta around, but it's almost 2 years since BTCD was born. 2 years.


From NXTforum:

(16) jl777's Group of Assets
Type: Dividend Paying

TOKEN (Unity) | ID: 15641806960898178066 | More Info | ACTIVE
sharkfund0 | ID: 3006420581923704757 | More Info | ACTIVE
SuperNET | ID: 12071612744977229797 | Forum | ACTIVE
NXTventure | ID: 16212446818542881180 | More Info | More info 2 | ACTIVE
InstantDEX | ID: 15344649963748848799 | More Info | Status
Privatebet | ID: 17083334802666450484 | More Info | Status
NXTprivacy | ID: 17911762572811467637 | More Info | Status
jl777hodl | ID: 6932037131189568014 | More Info | ACTIVE
Atomic | ID: 11694807213441909013 | More Info | Status
NeoDICE | ID: 18184274154437352348 | More Info | ACTIVE
NXTcoinsco (Tradebots) | ID: 17571711292785902558 | More Info | Status
cryptocard | ID: 7110939398145553585 | More Info | Status
Boost | ID: 9719950459730291994 | More Info | ACTIVE
SNN | ID: 15113552914305929842 | More Info | Status
SuperHODL | ID: 13120737659249432970 | More Info | Status
NXTforex | NA | NA | NA


(5) Joint Venture - Supernet, NXTventure

FreeMarket | ID: 134138275353332190 | More Info | ACTIVE
Omnigames | ID: 7441230892853180965 | More Info | Status
Pangea | ID: 6883271355794806507 | More Info | ACTIVE
Jay | ID: 8688289798928624137 | More Info | Status
Skynet | ID: 6854596569382794790 | More Info | Active
OpalToken | ID:  5326942574002986149 | More Info | Active


(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE


Multiple coins are participating in SN, bought up by LJ (on investor's behalf of cause)
Aaaand there is new project born every day. And new ones after that. And some ideas for a brand few new ones in the middle.


Two years almost passed. InstantDEX is almost ready?




BTCD, after doing nothing for two years, is being abandoned.  Turns out BTCD was just a research project, not a serious effort with long-term committed devs.

SORRY FOR YOUR LOSS   Cheesy

Now shut up and buy into Kodomo, the replacement scam.

These gullible bagholding chumps love to throw their money away into every new ICO scam jl777 hypes.

I warned them jl777 never finishes anything he starts.

I even predicted this exact thing would happen; it's obvious when you see his pattern of ICO-hype-abandon-repeat.

Nobody should have the slightest bit of sympathy for fools who keep the faith in their Dear Leader, after having been burned so many times.

NEW FLASH: SUPERNET is being abandoned in favor of jl777's new project SUPER-DUPER-ULTRANET!!!!   Grin
I know you must be worried about XMR future with all the zcash tech about to hit the market. Still is it too much to ask of you to stick to the facts?

How many dozen ICO's am I supposed to have done? How many projects did I start?

Komodo is a continuation of BTCD, it is part of SuperNET

also iguana core is done and even a GUI is in beta test now, how can that be true if I never finish anything? How long should it take to write a bitcoin protocol daemon from scratch, that does parallel sync and also supports multicoins?

and you do know most of the assets in that list have never raised any funds at all, many of them are proxy assets used by MGW, internal holding assets.

Please stick to factual statements
hero member
Activity: 515
Merit: 502
Isn't it possible to ban ICEBREAKER from the thread? He's making stuff up as usual
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?

Here's a (partial) list of ICOscam777 projects:

After spending hundreds of hours roaming this forum I must tell you I feel JL777 is the biggest scammer around.
The amount of BTC gathered for BTCD/superNET/NXT-assets issued by his gang is just horrendous.

And the feeling is like everybody is waiting for the miracle tech to come out if not today, tomorrow for sure.
Just scan the thread for BTCD, its almost, almost, almost there. It's finally coming together ... stuff like this on whatever page you chose.

But for BTCD in particular, I see the same wallet used for many months now. I know there is beta around, but it's almost 2 years since BTCD was born. 2 years.


From NXTforum:

(16) jl777's Group of Assets
Type: Dividend Paying

TOKEN (Unity) | ID: 15641806960898178066 | More Info | ACTIVE
sharkfund0 | ID: 3006420581923704757 | More Info | ACTIVE
SuperNET | ID: 12071612744977229797 | Forum | ACTIVE
NXTventure | ID: 16212446818542881180 | More Info | More info 2 | ACTIVE
InstantDEX | ID: 15344649963748848799 | More Info | Status
Privatebet | ID: 17083334802666450484 | More Info | Status
NXTprivacy | ID: 17911762572811467637 | More Info | Status
jl777hodl | ID: 6932037131189568014 | More Info | ACTIVE
Atomic | ID: 11694807213441909013 | More Info | Status
NeoDICE | ID: 18184274154437352348 | More Info | ACTIVE
NXTcoinsco (Tradebots) | ID: 17571711292785902558 | More Info | Status
cryptocard | ID: 7110939398145553585 | More Info | Status
Boost | ID: 9719950459730291994 | More Info | ACTIVE
SNN | ID: 15113552914305929842 | More Info | Status
SuperHODL | ID: 13120737659249432970 | More Info | Status
NXTforex | NA | NA | NA


(5) Joint Venture - Supernet, NXTventure

FreeMarket | ID: 134138275353332190 | More Info | ACTIVE
Omnigames | ID: 7441230892853180965 | More Info | Status
Pangea | ID: 6883271355794806507 | More Info | ACTIVE
Jay | ID: 8688289798928624137 | More Info | Status
Skynet | ID: 6854596569382794790 | More Info | Active
OpalToken | ID:  5326942574002986149 | More Info | Active


(9) Multigateways

MGW | ID: 10524562908394749924 | More Info | ACTIVE
mgwBTC (Bitcoin) | ID: 4551058913252105307 | More Info | PHASING OUT
mgwBTC (Bitcoin) | ID: 17554243582654188572 | More Info | ACTIVE
mgwBTCD (Bitcoindark) | ID: 11060861818140490423 | More Info | UNDER MAINTENANCE
mgwLTC (Litecoin) | ID: 2881764795164526882 | More Info | UNDER MAINTENANCE
mgwBC (Blackcoin) | ID: 7117580438310874759 | More Info | ACTIVE
mgwVIA (Viacoin) | ID: 275548135983837356 | More Info | UNDER MAINTENANCE
mgwDOGE (Dogecoin) | ID: 2303962892272487643 | More Info | ACTIVE
mgwDRK (Darkcoin) | ID: 17353118525598940144 | More Info | UNDER MAINTENANCE


Multiple coins are participating in SN, bought up by LJ (on investor's behalf of cause)
Aaaand there is new project born every day. And new ones after that. And some ideas for a brand few new ones in the middle.


Two years almost passed. InstantDEX is almost ready?




BTCD, after doing nothing for two years, is being abandoned.  Turns out BTCD was just a research project, not a serious effort with long-term committed devs.

SORRY FOR YOUR LOSS   Cheesy

Now shut up and buy into Kodomo, the replacement scam.

These gullible bagholding chumps love to throw their money away into every new ICO scam jl777 hypes.

I warned them jl777 never finishes anything he starts.

I even predicted this exact thing would happen; it's obvious when you see his pattern of ICO-hype-abandon-repeat.

Nobody should have the slightest bit of sympathy for fools who keep the faith in their Dear Leader, after having been burned so many times.

NEW FLASH: SUPERNET is being abandoned in favor of jl777's new project SUPER-DUPER-ULTRANET!!!!   Grin
legendary
Activity: 1176
Merit: 1134
What is the situation for BTCD holders? How is this not abandonment?

I was wondering the same thing, is this essentially replacing it? Plus, out of interest how many ICOs has jl777 launched over the years?

BTCD, after doing nothing for two years, is being abandoned.  Turns out BTCD was just a research project, not a serious effort with long-term committed devs.

SORRY FOR YOUR LOSS   Cheesy

Now shut up and buy into Kodomo, the replacement scam.

These gullible bagholding chumps love to throw their money away into every new ICO scam jl777 hypes.

I warned them jl777 never finishes anything he starts.

I even predicted this exact thing would happen; it's obvious when you see his pattern of ICO-hype-abandon-repeat.

Nobody should have the slightest bit of sympathy for fools who keep the faith in their Dear Leader, after having been burned so many times.

NEW FLASH: SUPERNET is being abandoned in favor of jl777's new project SUPER-DUPER-ULTRANET!!!!   Grin
I know you must be worried about XMR future with all the zcash tech about to hit the market. Still is it too much to ask of you to stick to the facts?

How many dozen ICO's am I supposed to have done? How many projects did I start?

Komodo is a continuation of BTCD, it is part of SuperNET

also iguana core is done and even a GUI is in beta test now, how can that be true if I never finish anything? How long should it take to write a bitcoin protocol daemon from scratch, that does parallel sync and also supports multicoins?

hero member
Activity: 491
Merit: 500
hero member
Activity: 1177
Merit: 500
We have tried to make things as fair as possible for everyone and they say a good sign of a fair deal is that everybody is complaining.
Only BTCD-Holders are complaining. So maybe you have to adjust sth.

Of course if the .0053 price is considered a fair price, there is absolutely no dilution, but there seems to be a sense that some massive price boost would have happened absent the conversion price.
No matter how you look at it. The Investors percentage of the total quantity will be diluted. The price is only speculation. Maybe youre right maybe not. It doesnt care.

..marcetcap assumptions..
I can put up some assumptions which will point to the other direction. And now? That is PR-Talk. Dont try to sell something.


Its okay if you need money for development. I dont think the community has a problem with that.  The Problem is HOW you do that. I dont feel that you try to find a solution with the BTCD-Holders. You argue against the doubts in PR-Mode.
legendary
Activity: 1176
Merit: 1134
We have tried to make things as fair as possible for everyone and they say a good sign of a fair deal is that everybody is complaining.

You should try living in the UK. (Or maybe you already do. No one knows.)

The TL;DR here seems to be that BTCD investors get 50% bonus on ICO, plus any subsequent cap gains such as they may be. If they're zero, that's still 50%.
and a revshare snapshot asset to preserve that part of the BTCD value
legendary
Activity: 1764
Merit: 1031
We have tried to make things as fair as possible for everyone and they say a good sign of a fair deal is that everybody is complaining.

You should try living in the UK. (Or maybe you already do. No one knows.)

The TL;DR here seems to be that BTCD investors get 50% bonus on ICO, plus any subsequent cap gains such as they may be. If they're zero, that's still 50%.
legendary
Activity: 1176
Merit: 1134
I think it's worth noting here that many coins go 3x on ICO market cap after launch. There are no guarantees of this, of course, and many factors involved. Ethereum and Waves were/are slow burners, others have gone 10x, but seen far more volatility.
Point is that BTCD investors get a 50% bonus, and then get to enjoy any price rise on ICO that comes from launch. If your concerns are solely financial, this seems like a pretty good deal to me.
Good points. We certainly dont want to get into making any specific market predictions, but I think it makes sense to do a few hypothetical "dilution" scenarios.

For example at the max raised, over any other scenario, the BTCD holders arguably are "diluted" the most. Of course if the .0053 price is considered a fair price, there is absolutely no dilution, but there seems to be a sense that some massive price boost would have happened absent the conversion price.

Why?

Probably the general price increases of many other privacy oriented cryptos, you know what I am talking about. OK, so which komodo has a better chance to achieve 50% marketcap of the highest marketcap privacy crypto? The komodo which raised the max or half the max?

It is worth to note that if 50% of the highest marketcap can be reached, then it is indeed more than 3x gain from the max amount.

How likely is this? Well, that is a probability evaluation investors will have to make, especially if the funds raised starts growing toward the max amount.

What chance does komodo which uses the zcash zkp tech secured by bitcoin of achieving half the market cap?

And investors can wait to see a working testnet, working iguana GUI, to get a better handle on the technical risk. BTCD holders further get an entire year before making the conversion decision.

We have tried to make things as fair as possible for everyone and they say a good sign of a fair deal is that everybody is complaining.
legendary
Activity: 1764
Merit: 1031
I think it's worth noting here that many coins go 3x on ICO market cap after launch. There are no guarantees of this, of course, and many factors involved. Ethereum and Waves were/are slow burners, others have gone 10x, but seen far more volatility.
Point is that BTCD investors get a 50% bonus, and then get to enjoy any price rise on ICO that comes from launch. If your concerns are solely financial, this seems like a pretty good deal to me.
legendary
Activity: 1176
Merit: 1134
Which price will be used for the BTCD swap after the ICO? The price of the market on exchanges or the average price of the ICO(collected BTC/total KMD quantity)?
The BTCD swap price will only be adjusted by the -5% per year to compensate for staking relative to the initial conversion price. One possibility would have been to stake for 11 months 29 days and collect 5% more, but if everybody did that there wouldnt be enough komodo

So there is no benefit to holding beyond the conversion period due to the 5%, it is neutral though, so no cost either.

This 1 year conversion option allows each BTCD holder to decide when to convert.

legendary
Activity: 1428
Merit: 1000
Which price will be used for the BTCD swap after the ICO? The price of the market on exchanges or the average price of the ICO(collected BTC/total KMD quantity)?

Currently it is the average price of btcd during Aug + 50% premium (0.005325 off the top of my head) and that will put into the ico. Then it will be split based on amount raised.
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