Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 859. (Read 1192336 times)

If we would have done that, then the BTCD price would have huge price volatility, and at the end of the snapshot the BTCD price would be close to zero. It would give nice profits to the day traders, but the casual BTCD holder would probably not be to happy.

Instead - and considering that we are here for the long term - we want to have a stable price and give an equal change for all to participate in the ICO. At the same time we want to reward the old BTCD 1.0 holders, and that is done by 50 % bonus to the average price of Auguist, and the new revenue asset.

Some BTCD holders have been very vocal about this, others understand the situation. We considered all the scenarios and we believe this one will give the best outcome for everyone, although there will always be some people who are unhappy.There is no reason to cancel or modify the ICO at this point.

jl777 has been the lead developer for BTCD a long time, and there hasn't been any funding for it. jl777 did not abandon BTCD! Instead he came up with a solution that will make sure the BTCD's vision for financial privacy if fulfilled.

If a developer joins a project in a midway, he is not bound to the investors in the same manner as if he would have raised a lot of money for the development. Even if that would be the case returns are never guaranteed. An investment in a startup is a high risk investment, and investing in cryptocurrency ICO's is little like investing in startups.

For those that do not know, James is an exceptional developer, as he doesn't abandon projects simply because the money ran out or because someone would pay him better in another project. In fact, he has been coding two years for free. Clearly money is not what motivates him, but the end result he strives for.

Without jl777 BTCD would probably have been forgotten a long time ago. However, now BTCD is transforming itself to Komodo: a cryptocurrency using all the latest technologies, and which will integrate to all the other projects James is developing.

I hope we could soon stop talking about BTCD and start talking about Komodo.  

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.

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.

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

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?

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!

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.

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

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

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

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

Thanks!

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

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

I will buy it all at that price.

BTCD will back 0.002

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

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

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.

"500 BTC a year"?

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