Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 860. (Read 1192336 times)

"500 BTC a year"?

Where's that figure come from?

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?

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

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. For Komodo 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.

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.

Where do you see mentioned that BTC ICO investors are the real investors and people with BTCD are bag holders?

The 30k BTC figure is the max amount that will be taken. I dont think anyone knows how much it will raise but that is there just in case there is sufficient demand.

Now if you FUD real hard you will help with the dilution problem as less BTC might come in but i would suggest saving your energy till OCT 15th to start.




Yes. That is what people dont understand, it is hard coming up with new ideas and actually getting someone to impliment them for you as a Salary......if they had the brains they would just do a startup themselves.

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.

There will be bounties for translations and a sig bounty as they actually work. I dont know if we would have bounties for newsletters and social network follows as i dont think they really bring any value but this is still up for discussions.





Best bet is to put the buy on Polo.


Anyone can do this once Zcash is released and fork it. Will a fork of Zcash with no modifications be worth more than what BTCD is right now?

If there is enough support for just a zcash fork, BTCD 1.0 holders can do that.


You dont speak on behalf of all BTCD so you should not act like it. You would like to steal Jame's idea for the name and ICO but then hire him to do the dev work?

Why not come up with your own name and get a dev to do the work for you? Then you save even on the back pay you would owe James.

There's potentially 30k BTC at stake here. I'd be surprised if much notice is given to the dissenting voices of any BTCD investors. Sorry for the way things went down, BTCD investors would have been rewarded greatly if all these improvements had been applied directly to it or a 1:1 swap had been offered with the supply remaining the same.

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.

It would be an interesting experiment. So far all experiments with community-controlled projects ended not very successfully...

If we say Komodo is BTCD 2.0 and want to be fair with BTCD holders - please discuss it with BTCD investors.

I noticed BTCD investors are now "bad holders" and new ICO - the true investors! not really fair!

This (wanting to dilute funds 5 times + no discussion) actually shows abusive approach to investors and is not a good sign for ICO investors.

If you change your approach and do what should be done before - there is still time - it can be much better for all.

So if you call it BTCD 2.0 and want to be fair with current investors + you do not want a bad fame on KMD ICO - this should be cleared.

I'm pretty sure most BTCD holders would accept 6-10k max BTC ICO , which means their funds get dilluted 2-3x, but still allows achieve some goals in the future.

But aware investors would expect some justification of required money, not just some amounts from the moon. How much we need for this, how much for that.. and so on. Sorry - this is busienss approach. Any other approach is not professional at least.

But no discussion = no trust = bad fame, complaining and FUD.

In fact if you treat old investors like that, what you expect?

Summary:

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 frozing the price for 10 weeks so low
- not diluting funds so much

No discussion and diluting BTCD so much is a proof for new ICO investors that the team does not care about what investors think. So it's worse then FUD, it's just a proof of a bad approach.

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.

If you simply step aside from the Drama and use simple reasoning skills, you will see that a fundamental change needs to occur to this ICO to keep everyone protected.

For quite some time BitCoinDark has been advertised with Telepods, Telepathy, Teleport, RamChains, 5/5/5 (SuperNET / Iguana fees / divs) and hence the basis for many investors of BTCD..  If Zero Cash (ZKP) is as good or better than Teleport/Telepathy and easier to implement (since it's already written), than ZKP really needs to occur to BitCoinDark apart from new Komodo ICO.  It sounds like the 5/5/5 has been preserved for BTCD Holders separate from Komodo, but not the Anonymity factor.

Hence, the Anonymity factor is effectively an obligation to BitCoinDark, separate from Komodo.

Plus, all the noise appears to be about costs related to dPOW, Notaries, and expensive servers - so it makes even more sense to separate ZKP from the Komodo ICO.

With the ZKP anonymity factor BitCoinDark would very likely shoot up in MarketCap (Monero / Dash / Shadow).  It would also have a silencing effect to all the FUD/Critics of JL777 not completing projects,  Lastly, it would provide more revenue from long term SuperNET/BitCoinDark/Iguana investors infused into the Komodo Project.  A Win-Win-Win situation.

Examples of what has been promoted as a basis for Bitcoindark investment:

http://bitcoindark.wikia.com/wiki/BitcoinDark_Wiki
https://medium.com/@Bitfirmio/instantdex-and-anonymity-b6523f697a4d#.jrd01tyuw
http://wiki.supernet.org/wiki/Teleport
https://cointelegraph.com/news/bitcoindarks-teleport-technology-aims-to-make-cryptocurrencies-truly-untraceable

Anyone want to sell their btcd for 350k Satoshi plus pm me.

Very good  project and very talented people behind it! This is a 5 stars project

Fortunate with all the raging posts. Keeps the thread bumped. New readers, consult OP. BTC linkage, Zcash integration, privacy superior to XMR. None of the FUD posts are addressing this. Ask yourself why.

For those in charge of bounties for this project. Please be innovative - DON'T DO ANY BOUNTIES at all. We all know people with multiple accounts will game this however you do it. Just don't. Let everyone who wants some KMD by it.
Those who wants KMD to succeeded will retwitt for free if they are interested in this project.

There are always freebies dumps. Who needs this?

James, just do a simple poll with two options, if it's 50/50 you'll know most of the multiaccount guys would want bounties

Thank you very much!

Everything seems to be correct