[ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 859.

PondSea

legendary

Activity: 1428

Merit: 1000

Quote from: BitcoinOnFire on September 04, 2016, 02:51:41 AM

No - first you need to understand people, more precisely investors. Same guys as you need them more in ICO.

I can agree more money is needed, but show me the costs planned and justification. Professional business approach.

Also I repeat:

What you win by discussion and going for compromise is:
- respect
- less complaining
- trust, as you prove you treat investors seriously

What invetors need:
- not freezing the price for 10 weeks so low
- not diluting funds so much
- trust/discussion

Quote from: PondSea on September 03, 2016, 06:08:07 PM

People need to understand that this ICO could be a flop in terms of BTC raised, why is everyone seeing the MAX BTC allowed as what the outcome would be? dPoW from my understanding could cost up to about 500 BTC a year, will you be funding that?

James did not hold a ICO for btcd so who are actually investors?

He is a person that has no obligations to BTCD. He is free like anyone to walk away at any time and not offer this swap.

So before anyone thinks about dilution or the lack of a short term pump, think about a devless coin that has the same tech as any other alt coin.

BitcoinOnFire

full member

Activity: 159

Merit: 100

I do not agree spam war approach is good Conqueror.

Open discussion and professional business approach is needed on both sides - current BTCD holders and Komodo team upgrading BTCD.

Let's also expect costs plan and justification.

Also unlocking BTCD price and less diluting BTCD - protecting current investors.

Quote from: Conqueror on September 04, 2016, 02:20:29 AM

Guys, all of you BTCD investors are beeing fucked at the moment.
Do not stop the FUD by telling the truth.
And make sure to bump this picture on every page of this thread.

Boycot jl777 and all his projects!

BitcoinOnFire

full member

Activity: 159

Merit: 100

No - first you need to understand people, more precisely investors. Same guys as you need them more in ICO.

I can agree more money is needed, but show me the costs planned and justification. Professional business approach.

Also I repeat:

What you win by discussion and going for compromise is:
- respect
- less complaining
- trust, as you prove you treat investors seriously

What invetors need:
- not freezing the price for 10 weeks so low
- not diluting funds so much
- trust/discussion

Quote from: PondSea on September 03, 2016, 06:08:07 PM

People need to understand that this ICO could be a flop in terms of BTC raised, why is everyone seeing the MAX BTC allowed as what the outcome would be? dPoW from my understanding could cost up to about 500 BTC a year, will you be funding that?

BitcoinOnFire

full member

Activity: 159

Merit: 100

In the end you can call all investors - greed bastards and bad whales, why not? In the end investors want increase their funds, so they are bad and greed.

Only when you need them you smile to them and try to be good, when you have them - you do not care.

Or maybe they are not greedy, just rational? Do not want fo freez funds for 10 weeks, loose even 5x gain during the pause/dilute, and avoid getting dumped price after ICO like usually. Because there are some chances like that. 10 weeks of waiting just to loose more.

What you do not see is you show your new investors that you misstreat the old investors. So you does the FUD yourself promoting the bad approach.

OK Pondsea - I can agree with all you say if you can proove JL and the team has 51% of BTCD - in that case you win, I accept democracy.

But if not that case, no voting win, it's just a bad ignoring approach. Why future investors should count on sth better?

Quote from: PondSea on September 03, 2016, 05:51:44 PM

Quote from: BitcoinOnFire on September 03, 2016, 05:23:49 PM

This could be another approach - maybe even more fair, but harder to do - ask the BTCD investors for additional money for development.

It's also harder because requires costs estiamtions, to know what we should pay for.

So maybe in the end ICO is best idea, but with lower max, not more then 10k BTC, I think doubling current marketcap would be ok. Still - all investors could buy BTCD already if they wanted to increase share.

Quote from: Hyena on September 03, 2016, 05:09:16 PM

What we as the community of BTCD should do is to ask for the ICO funds for ourselves as a DAO and only pay to jl777 for the actual work he does (if any). That way the funds would remain in the hands of the community. In addition, BTCD should still be renamed to Komodo because BTCD needs a better name.

BTCD investors are not going to put BTC into a community fund to pay for a dev if you need even 100 BTC. A lot of the FUDing in here has to do with greed, do you really expect people to be selfless and fund a community project? They never work out on donations alone.

Conqueror

legendary

Activity: 1354

Merit: 1020

I was diagnosed with brain parasite

Quote from: ?? on ??

Quote from: pvnamk19 on September 02, 2016, 12:32:06 PM

HODL, HODL, HODL!I suspect that when his alliance dumped most coins, he dilutes 200x to raise more money again.
Jl777 is doing many very long term projects and all profits will pour into your ... ILLUSION.
Show your codes with other devs who can understand potential profits, pay them with SuperNET money and assests, do the rest as promises. Why don't you do this way?
Another cycle will be this: no real product, just git, clone & run because he can't do GUI, do not blame him...
Because NXT devs kicked him out, SuperNET and other assets are nearly homeless.
CryptoCard is dead in silence. Teleport, Telepathy: too longterm ideas that ZCASH makes them obsolute and James wants to depend on that technology to further delay his project if anything happens with Zcash relationship.
InstantDEX will be EasyDEX for a show case after 2 years gambling with SuperNET money and no real product.
After BTCD dilutting, SuperNET and other assets manipulating projects is the next?

By the way, up until now, Jl777's API is like this:

Jl777's commitment is as following:

Poor all BTCD bagholders!

^This

Guys, all of you BTCD investors are beeing fucked at the moment.
Do not stop the FUD by telling the truth.
And make sure to bump this picture on every page of this thread.

Boycot jl777 and all his projects!

jl777

legendary

Activity: 1176

Merit: 1132

Quote from: Juans.galt on September 03, 2016, 11:57:02 PM

What about Waves? Seems you raised 30k btc there. I havnt followed it at all, but it seems strange that it was not mentioned at all here, given that they are so closely tied to the vision of Supernet.

How is Waves doing?

Waves wasnt mentioned. Neither was IOTA. Neither was Stratis. Neither was HEAT

SuperNET owns significant stakes in all four of those projects:

http://www.supernet.org/nav.php

I didnt mention these projects in the komodo ICO as it doesnt relate to them and being invested in a project, giving advice to it, is different than conducting an offering.

jl777

legendary

Activity: 1176

Merit: 1132

Quote from: xmrlove on September 03, 2016, 09:24:44 PM

This is a scam. Zero Knowledge proofs are unproven lack of research field of Cryptography. Sorry this pump will fail

Strange...

https://github.com/zcash/zips/blob/master/protocol/protocol.pdf

There seems to be a lot of math proofs and a lot of research and a protocol specification.

What part of this doesnt meet your high standards?

Also, zcash appears to be 9% of the most cited research in this field: http://saweis.net/posts/most-cited-security-papers-2013-2014.html

PondSea

legendary

Activity: 1428

Merit: 1000

James is not part of Waves, that belongs to Sasha and Co. He did invest Supernet funds into Waves.

Juans.galt

newbie

Activity: 7

Merit: 0

PondSea

legendary

Activity: 1428

Merit: 1000

Quote from: warped3go on September 03, 2016, 11:47:26 PM

Quote from: jl777 on September 03, 2016, 10:32:12 PM

Quote from: jwiz168 on September 03, 2016, 10:02:38 PM

It is a whole new approach for PoW . Hmm interesting concept the BTCD is building . Going to watch over this.

Thanks!

I am glad somebody noticed dPoW is a brand new consensus mechanism that provides bitcoin security to all other dPoW chains.

When is the white paper scheduled to be released?

ICO announcement is essentially presentation of concept to potential investors to raise funds
Announcing ICO without proper white paper is like showing up to venture capitalist and saying I have an idea, I can't really explain it, but trust me it's gonna be HUUUGE

ICO starts on the 15th of OCT. It will be released before then.

warped3go

member

Activity: 78

Merit: 10

Quote from: jl777 on September 03, 2016, 10:32:12 PM

Quote from: jwiz168 on September 03, 2016, 10:02:38 PM

It is a whole new approach for PoW . Hmm interesting concept the BTCD is building . Going to watch over this.

Thanks!

I am glad somebody noticed dPoW is a brand new consensus mechanism that provides bitcoin security to all other dPoW chains.

When is the white paper scheduled to be released?

ICO announcement is essentially presentation of concept to potential investors to raise funds
Announcing ICO without proper white paper is like showing up to venture capitalist and saying I have an idea, I can't really explain it, but trust me it's gonna be HUUUGE

jl777

legendary

Activity: 1176

Merit: 1132

Quote from: jwiz168 on September 03, 2016, 10:02:38 PM

It is a whole new approach for PoW . Hmm interesting concept the BTCD is building . Going to watch over this.

Thanks!

I am glad somebody noticed dPoW is a brand new consensus mechanism that provides bitcoin security to all other dPoW chains.

jwiz168

hero member

Activity: 910

Merit: 1000

It is a whole new approach for PoW . Hmm interesting concept the BTCD is building . Going to watch over this.

PondSea

legendary

Activity: 1428

Merit: 1000

Quote from: yns1971 on September 03, 2016, 09:47:52 PM

BTCD will back 0.002

I will buy it all at that price.

yns1971

sr. member

Activity: 399

Merit: 250

BTCD will back 0.002

xmrlove

member

Activity: 78

Merit: 10

This is a scam. Zero Knowledge proofs are unproven lack of research field of Cryptography. Sorry this pump will fail

jl777

legendary

Activity: 1176

Merit: 1132

Quote from: PondSea on September 03, 2016, 08:49:59 PM

64 nodes x $500 a month x 12 months. $600 BTC means that it will actually take over 600 btc for a year.

This will be paid to the node owners to support the network. If a lower funding amount comes in then this would need to be revisited.

The block rewards for nodes including txfees are expected to pay for costs after the initial startup period.

So it is a cost upfront that should eventually be self-sustaining. Changing parameters can be done to reduce costs, so the 500 btc/yr is for the high end scenarios where it represents around 2% of capital

PondSea

legendary

Activity: 1428

Merit: 1000

64 nodes x $500 a month x 12 months. $600 BTC means that it will actually take over 600 btc for a year.

This will be paid to the node owners to support the network. If a lower funding amount comes in then this would need to be revisited.

BTC-BTC-BTC

legendary

Activity: 1582

Merit: 1001

www.neutroncoin.com

"500 BTC a year"?

What is the benefits fforit? How much can you make from it?

OrsonJ

sr. member

Activity: 597

Merit: 253

... and the swarm is headed towards us

Quote from: PondSea on September 03, 2016, 06:08:07 PM

Quote from: OrsonJ on September 03, 2016, 06:00:47 PM

Quote from: PondSea on September 03, 2016, 05:55:47 PM

Quote from: Hyena on September 03, 2016, 05:47:37 PM

Start this new Komodo coin with snapshots just like NXT did. Everyone will be happy. Then, when the Komodo chain has launched make it possible for the KMD stakeholders to print new KMD and sell them on the open market to fund development. This approach has been used before and it works. Let the community control the funds and let it be necessity-based. jl777 you don't really need 30k upfront, it's ridiculous. Just ask the money that you really need and explain where you spend it. If you are going to dilute BTCD holders share then AT LEAST DO IT BIT BY BIT.

No that will artificially inflate the price. NXT went up 4x. The whole point of this exercise is to raise funds for the dPow and to get funding to get other devs and managers on board to deliver the tech faster and more efficiently and not to enrich BTCD holders temporally. The problem with the current state of some of the other projects is that James is the one looking after them all. He needs to get people to be able to delegate them the tasks he does not need to be involved in so he can focus on the tech.

Now in terms of letting the community control the funds, James is a large part of the community, so why cant he control them? The 30k BTC is max and it may not get that. LIke i posted before if you keep FUDDing really hard you can help lower the amount that is invested.

So $17m max for implementing dPoW? Must be one hell of an algorithm.

What if James were only able to raise 500BTC, is that worth 17m? People need to understand that this ICO could be a flop in terms of BTC raised, why is everyone seeing the MAX BTC allowed as what the outcome would be? dPoW from my understanding could cost up to about 500 BTC a year, will you be funding that?

"500 BTC a year"?

Where's that figure come from?

Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 859. (Read 1191723 times)