Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 867. (Read 1191723 times)
September 02, 2016, 10:20:02 AM
What happens to the BTCD after the swap?
September 02, 2016, 10:19:08 AM
in the even (event?) no ICO funds come in, BTCD holders will have the same percent of komodo as now.
Yes, but you are going for 30K BTC!!! Good luck with that...and if it actually happens, BTCD hodlers (some supporters for years) get pennies on the dollar for the so called "stock split".
That's exactly my point. jl777 should ask for a specific amount of money that is necessary for him to complete specific steps AND NO MORE. Because every single penny he gets in excess will hurt BTCD holders like a bitch.
September 02, 2016, 10:10:36 AM
The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.
But this dilutes the f*#k out of BTCD holders. Now we swap from a pool of 1.2 M total BTCD to 200 M Komodo....how is this good? BTCD holders need to have the same percent of komodo as they held BTCD...nothing less or we get f*#ked.
and the number of komodo will be a corresponding multiplier, like a stock split
in the even no ICO funds come in, BTCD holders will have the same percent of komodo as now.
please calm down
So, the less outsiders buy into KMD ICO the larger percentage of KMD will go to BTCD holders?! This means, to protect my investment, I should start a massive FUD campaign against KMD
to acquire as many KMD as possible while buying into BTCD very interesting situation.BTW jl777 when a bird shits on your head you should actually buy a lottery ticket ASAP because it is deemed to be an indicator of really good luck.
September 02, 2016, 10:07:24 AM
Just another, now like Crypti/Lisk, ico from James 
Give me money and i'l code you something.
BTW, who will pay all this transaction fees in Bitcoin and what happen when Komodo fees will not be enough to pay them?
testnet will be up during ICO, so you can wait to see it work before putting in any money.Give me money and i'l code you something.
BTW, who will pay all this transaction fees in Bitcoin and what happen when Komodo fees will not be enough to pay them?
the BTC is being raised to pay the bitcoin fees. If 500 BTC is raised that is enough to pay for many years of bitcoin fees, especially if the number of notary nodes is reduced.
In the unlikely event all the BTC is used up, then it obviously wont get the added security from bitcoin, but it will still keep going using its primary consensus algo that uses NXT style PoS
September 02, 2016, 10:05:29 AM
The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.
But this dilutes the f*#k out of BTCD holders. Now we swap from a pool of 1.2 M total BTCD to 200 M Komodo....how is this good? BTCD holders need to have the same percent of komodo as they held BTCD...nothing less or we get f*#ked.
we are not really getting diluted, because the value of BTCD swapped for KMD increases proportionally with the dilution.
so if you end up with 1/5 of something that has 5* the value. as jl777 succinctly put it on slack: it is like exchanging ONE 5$ bill for FIVE 1$ bills.
or with 1/2 of something that has 2* the value.
and the revshare asset more than compensates for 10 weeks suspended price action.
September 02, 2016, 10:04:11 AM
Just another, now like Crypti/Lisk, ico from James
Give me money and i'l code you something.
BTW, who will pay all this transaction fees in Bitcoin and what happen when Komodo fees will not be enough to pay them?
Give me money and i'l code you something.
BTW, who will pay all this transaction fees in Bitcoin and what happen when Komodo fees will not be enough to pay them?
September 02, 2016, 09:58:32 AM
The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.
But this dilutes the f*#k out of BTCD holders. Now we swap from a pool of 1.2 M total BTCD to 200 M Komodo....how is this good? BTCD holders need to have the same percent of komodo as they held BTCD...nothing less or we get f*#ked.
and the number of komodo will be a corresponding multiplier, like a stock split
in the even no ICO funds come in, BTCD holders will have the same percent of komodo as now.
please calm down
September 02, 2016, 09:44:14 AM
The thing is this also not build much trust... Year later you can do another "ico/cwap" as you need more money....
This is hard to argue against imo.
September 02, 2016, 09:35:10 AM
Have been kicked out of the slack after holding this coin for 2 years b/c I stated this was a money grab and scammy behaviour. Well done James
Hmmm, this is not a good sign that you were dumped from slack channel. Any discussion should ensue to answer concerns....not cool.
edit...just read this...
Are you gambleh? I banned 2 people (gambleh, mig) for spreading fud (policy in supernet slack) but removed the ban now, hopefully now chat can continue in a civilized manner. We dont want bitcointalk behaviour at our slack.
September 02, 2016, 09:29:04 AM
BTCD holders will benefit from Komodo. The revenue share that was promised won't go over to Komodo holders, but instead BTCD holders will get an asset.
Haha...lol when has any of James' assets every been profitable?
September 02, 2016, 09:23:25 AM
The reason for all this is pretty simple the project needs to raise funds so James and his team can create the tech for all this and finance the dPoW algorithm. This is only possible with the freshly raise BTC.
But this dilutes the f*#k out of BTCD holders. Now we swap from a pool of 1.2 M total BTCD to 200 M Komodo....how is this good? BTCD holders need to have the same percent of komodo as they held BTCD...nothing less or we get f*#ked.
September 02, 2016, 09:01:12 AM
Hello dev.. is Filipino Translation still available? If so kindly pm me to start working.. thanks
September 02, 2016, 08:55:50 AM
A previous question was not answered how many ICO, coins, projects has jl777 launched in recent years and what is their success rate?
did you miss: https://bitcointalksearch.org/topic/m.16119953I did not actually launch even BTCD, I joined midway through the PoW phase
I did conduct the SuperNET ICO
I did raise private investements for various NXT projects and most of them are still pending for reasons explained in the referenced link.
I am happy to answer specific questions about any specific project, but for ICO funds it is SuperNET 2 years ago. I would consider surviving the bear market and still retaining the majority of NAV while developing iguana codebase a middling success. Nothing to write home about, but nothing to be ashamed about either. And in any case the end is not reached for SuperNET yet, still has many many years
Also, please try to evaluate komodo dPoW on its own merits, it is quite the unique tech. The question is if after seeing a testnet for komodo if there will be a mainnet with notary nodes. Do I have the tech skills to complete the required komodo tech?
I did write a full bitcoin node from scratch in the last 9 months. Maybe that is an ordinary thing, but maybe there are less than a handful of people who have actually done that.
What is happening with the anonymous debit card project CryptoCard?
Ok, I thought you issued the asset james, Is it still being developed?
so it was complete with not the perfect result.
September 02, 2016, 08:50:34 AM
jl777 is just another jordan lee from nubits failed project, except this one is even more greedy. Thanks a lot for locking up my funds for the following 10 weeks in yet another foul ICO. This is the worst most draconian altcoin exodus for its stakeholders I've ever seen. You are basically freezing your investors' funds for 10 weeks with absolutely no reward. Everyone who bought BTCD lately in hope of long waited releases and finally some deserved appreciation got screwed hard by this move because they should not have bought into BTCD at all. Instead, they would have waited at least until your KMD ICO and bought into it directly with their BTC. In crypto space 10 weeks is like 10 years. A lot can happen. If I still had my BTC I spent on BTCD I would certainly find a much better investment at some point in the next 10 weeks. But now, no matter how good opportunities pop out, my funds are stuck in this BTCD which has no hope of growing in price due to KMD price fix. No one is going to buy BTCD from the open market because they could as well as keep their BTC and wait until your actual ICO. In the meantime they can spend their funds if a better investment opportunity pops out. I hope a bird shits on your head jl777.
Sorry, have to agree with this. All these new projects/ico's/assets/gateways/etc are just getting out of hand. I do believe you're a great developer, but damn finish some shit before starting something new.....
I will try to avoid birds.
At least we all agree that BTCD investors are not getting a massive preference, but rather a sideways move. This was necessary to not make this a value transfer from ICO investors to BTCD holders. Had we done that, the dPoW would not have been able to raise the needed funds and that serves nobody's interests.
In exchange for a 10 week implicit peg the upside is from post-ICO where komodo will have a lot more resources and can credibly become a top coin. We have to be honest, without some external infusion, the old BTCD 1.0 would not had much of a chance to rise to the top in the current crowded space. And without the 10 week ceiling, this chance for a much bigger upside would not exist.
Unless any new point regarding the fairness issue to BTCD holders is raised, I will be silent on this issue from now as I have been asked and have answered multiple times. And remember I am suffering the same consequence so I eat my own cooking.
I claim that iguanacore is working and it will be released with GUI before ICO funding starts. If you dont believe that I can complete tech projects dont put any funds in until the iguana is released. Or wait until testnet is live. Or wait until mainnet is live and buy from exchanges. The decision is entirely yours.
For BTCD holders, if you wait 10 weeks or so, it will likely rise back to .0053 or higher due to the revshare asset snapshot. I hope you can look past the short term to the long term. I have always stated my goals are long term. But if you just want out, then I am sure there will be a nice exit point where you get to sell out and forget all this long term stuff.
This ICO has been setup to be as fair as possible to all parties and I have yet to hear any alternative that would have solved all factors.
Thank you sir and I like my cheap btcd. Future komodo.
September 02, 2016, 08:46:51 AM
A previous question was not answered how many ICO, coins, projects has jl777 launched in recent years and what is their success rate?
did you miss: https://bitcointalksearch.org/topic/m.16119953I did not actually launch even BTCD, I joined midway through the PoW phase
I did conduct the SuperNET ICO
I did raise private investements for various NXT projects and most of them are still pending for reasons explained in the referenced link.
I am happy to answer specific questions about any specific project, but for ICO funds it is SuperNET 2 years ago. I would consider surviving the bear market and still retaining the majority of NAV while developing iguana codebase a middling success. Nothing to write home about, but nothing to be ashamed about either. And in any case the end is not reached for SuperNET yet, still has many many years
Also, please try to evaluate komodo dPoW on its own merits, it is quite the unique tech. The question is if after seeing a testnet for komodo if there will be a mainnet with notary nodes. Do I have the tech skills to complete the required komodo tech?
I did write a full bitcoin node from scratch in the last 9 months. Maybe that is an ordinary thing, but maybe there are less than a handful of people who have actually done that.
What is happening with the anonymous debit card project CryptoCard?
Ok, I thought you issued the asset james, Is it still being developed?
September 02, 2016, 08:44:59 AM
jl777 is just another jordan lee from nubits failed project, except this one is even more greedy. Thanks a lot for locking up my funds for the following 10 weeks in yet another foul ICO. This is the worst most draconian altcoin exodus for its stakeholders I've ever seen. You are basically freezing your investors' funds for 10 weeks with absolutely no reward. Everyone who bought BTCD lately in hope of long waited releases and finally some deserved appreciation got screwed hard by this move because they should not have bought into BTCD at all. Instead, they would have waited at least until your KMD ICO and bought into it directly with their BTC. In crypto space 10 weeks is like 10 years. A lot can happen. If I still had my BTC I spent on BTCD I would certainly find a much better investment at some point in the next 10 weeks. But now, no matter how good opportunities pop out, my funds are stuck in this BTCD which has no hope of growing in price due to KMD price fix. No one is going to buy BTCD from the open market because they could as well as keep their BTC and wait until your actual ICO. In the meantime they can spend their funds if a better investment opportunity pops out. I hope a bird shits on your head jl777.
Sorry, have to agree with this. All these new projects/ico's/assets/gateways/etc are just getting out of hand. I do believe you're a great developer, but damn finish some shit before starting something new.....
How? Buy now at under 400k and get 25% return. I'll buy your btcd for 380k
September 02, 2016, 08:42:35 AM
A previous question was not answered how many ICO, coins, projects has jl777 launched in recent years and what is their success rate?
did you miss: https://bitcointalksearch.org/topic/m.16119953I did not actually launch even BTCD, I joined midway through the PoW phase
I did conduct the SuperNET ICO
I did raise private investements for various NXT projects and most of them are still pending for reasons explained in the referenced link.
I am happy to answer specific questions about any specific project, but for ICO funds it is SuperNET 2 years ago. I would consider surviving the bear market and still retaining the majority of NAV while developing iguana codebase a middling success. Nothing to write home about, but nothing to be ashamed about either. And in any case the end is not reached for SuperNET yet, still has many many years
Also, please try to evaluate komodo dPoW on its own merits, it is quite the unique tech. The question is if after seeing a testnet for komodo if there will be a mainnet with notary nodes. Do I have the tech skills to complete the required komodo tech?
I did write a full bitcoin node from scratch in the last 9 months. Maybe that is an ordinary thing, but maybe there are less than a handful of people who have actually done that.
What is happening with the anonymous debit card project CryptoCard?
September 02, 2016, 08:42:01 AM
jl777 is just another jordan lee from nubits failed project, except this one is even more greedy. Thanks a lot for locking up my funds for the following 10 weeks in yet another foul ICO. This is the worst most draconian altcoin exodus for its stakeholders I've ever seen. You are basically freezing your investors' funds for 10 weeks with absolutely no reward. Everyone who bought BTCD lately in hope of long waited releases and finally some deserved appreciation got screwed hard by this move because they should not have bought into BTCD at all. Instead, they would have waited at least until your KMD ICO and bought into it directly with their BTC. In crypto space 10 weeks is like 10 years. A lot can happen. If I still had my BTC I spent on BTCD I would certainly find a much better investment at some point in the next 10 weeks. But now, no matter how good opportunities pop out, my funds are stuck in this BTCD which has no hope of growing in price due to KMD price fix. No one is going to buy BTCD from the open market because they could as well as keep their BTC and wait until your actual ICO. In the meantime they can spend their funds if a better investment opportunity pops out. I hope a bird shits on your head jl777.
Sorry, have to agree with this. All these new projects/ico's/assets/gateways/etc are just getting out of hand. I do believe you're a great developer, but damn finish some shit before starting something new.....
I will try to avoid birds.
At least we all agree that BTCD investors are not getting a massive preference, but rather a sideways move. This was necessary to not make this a value transfer from ICO investors to BTCD holders. Had we done that, the dPoW would not have been able to raise the needed funds and that serves nobody's interests.
In exchange for a 10 week implicit peg the upside is from post-ICO where komodo will have a lot more resources and can credibly become a top coin. We have to be honest, without some external infusion, the old BTCD 1.0 would not had much of a chance to rise to the top in the current crowded space. And without the 10 week ceiling, this chance for a much bigger upside would not exist.
Unless any new point regarding the fairness issue to BTCD holders is raised, I will be silent on this issue from now as I have been asked and have answered multiple times. And remember I am suffering the same consequence so I eat my own cooking.
I claim that iguanacore is working and it will be released with GUI before ICO funding starts. If you dont believe that I can complete tech projects dont put any funds in until the iguana is released. Or wait until testnet is live. Or wait until mainnet is live and buy from exchanges. The decision is entirely yours.
For BTCD holders, if you wait 10 weeks or so, it will likely rise back to .0053 or higher due to the revshare asset snapshot. I hope you can look past the short term to the long term. I have always stated my goals are long term. But if you just want out, then I am sure there will be a nice exit point where you get to sell out and forget all this long term stuff.
This ICO has been setup to be as fair as possible to all parties and I have yet to hear any alternative that would have solved all factors.
September 02, 2016, 08:38:17 AM
A previous question was not answered how many ICO, coins, projects has jl777 launched in recent years and what is their success rate?
did you miss: https://bitcointalksearch.org/topic/m.16119953I did not actually launch even BTCD, I joined midway through the PoW phase
I did conduct the SuperNET ICO
I did raise private investements for various NXT projects and most of them are still pending for reasons explained in the referenced link.
I am happy to answer specific questions about any specific project, but for ICO funds it is SuperNET 2 years ago. I would consider surviving the bear market and still retaining the majority of NAV while developing iguana codebase a middling success. Nothing to write home about, but nothing to be ashamed about either. And in any case the end is not reached for SuperNET yet, still has many many years
Also, please try to evaluate komodo dPoW on its own merits, it is quite the unique tech. The question is if after seeing a testnet for komodo if there will be a mainnet with notary nodes. Do I have the tech skills to complete the required komodo tech?
I did write a full bitcoin node from scratch in the last 9 months. Maybe that is an ordinary thing, but maybe there are less than a handful of people who have actually done that.
What is happening with the anonymous debit card project CryptoCard?
September 02, 2016, 08:22:39 AM
Thanks for answering my questions!
To be honest, I am really excited about Komodo. I have hodled my BTCD for a long time in the trust it will be something great in the future. All I've read about Komodo yet, confirms me in this assumption/hope.
dont worry, we wont strand anybody and will ensure everybody is able to swap. there is a 1 year period for the swap starting after ICO closes.
thanks for your support!To be honest, I am really excited about Komodo. I have hodled my BTCD for a long time in the trust it will be something great in the future. All I've read about Komodo yet, confirms me in this assumption/hope.
Three questions:
Will the amount of 200 million KMD after 14 years be the final amount? If so, will it become POS afterwards?
What part will Komodo play in SuperNET? Will it be possible to swap BTCD stored in Supernet wallet to KMD?
I didnt plan to support direct conversion of superBTCD, but maybe we can do that. probably easier just to withdraw via MGW to native and then convert, or maybe we can do MGW withdraw's to a conversion address.Will the amount of 200 million KMD after 14 years be the final amount? If so, will it become POS afterwards?
What part will Komodo play in SuperNET? Will it be possible to swap BTCD stored in Supernet wallet to KMD?
dont worry, we wont strand anybody and will ensure everybody is able to swap. there is a 1 year period for the swap starting after ICO closes.
dPoW is definitely a big leap forward and enables all non-btc chains to be considered for use in high value transactions. patient holders of BTCD will be very happy with the end result as it BTCD 2.0 (komodo) creates bitcoin security level transactions using zcash privacy. Ignoring any trading/marketcap issues, if you just think about the magnitude of this...
And of course all the iguana tech in progress will move right into komodo. I think it is fair to say no other coin will directly support so many total coins directly (13 at last count)
I saw grewalsatinder working on an iguana video to appease the chants of "iguana isnt finished", which if it was true makes the video hard to explain, especially since the source for both the iguanacore and the GUI are available. But please do not ask me when it is completed as I do not know.
Also, all the various translators who have PM'ed me, thank you for your interest but there is no point to ask me about anything other than deep core tech issues. I dont do the GUI or website or translations, all that is delegated out to others and I dont even know to who! This allows me to concentrate on tech (most days)
Thanks for your understanding
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