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Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 872. (Read 1191723 times)

legendary
Activity: 1176
Merit: 1132
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
I did ask for you to not be banned, that wasnt my decision. you can be reinstated if you want

I was kicked out of slack after telling one of the admins that he is dumb stupid fuck.
He is.
there is no call for personal insults, please lets try to be civil
sr. member
Activity: 784
Merit: 253
Set Your Ideas Free
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....

The vision Komodo has could not be achieved without new funding. There is no way to have dPoW without this Komodo ICO. Money is required to get this off the ground, i.e. pay bitcoin tx fees.

I encourage you all to see the long term goal. There isn't going to be a big pumb and quick profit.

James has always been developing the long term solutions for crypto, and dPoW is one of them.

Soon other cryptocurrencies can use Komodo to secure their blockchain with bitcoin's hashrate. The new anonymity features are better than they were in BTCD.

The BTCD just got a major upgrade, with the cost of having to rise more money. All long term BTCD investors got in with a great price.

Best regards.
legendary
Activity: 1176
Merit: 1132
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....


completely agree with this
iguana is still on track, independent of komodo
komodo will get the iguana of course

as to price, just think of it as a little pause. The flip side of having a known price is that it wont go down too far from it either. Markets have prices going up and down and the price is at essentially a 1 year all time high price

We have to be a fair and balanced pricing for the ICO investors. the fact that there is all this complaining that it is unfair to BTCD holders, I guess means that ICO investors wont be complaining we gave BTCD holders too good of a deal.

Especially since I am a large holder of BTCD, I hope you can see how I had to err on the side of not overrewarding BTCD holders.

Also, the ICO funds that come in will allow a lot more to be accomplished.

Maybe it is a short term paper loss for some and I apologize for that. If it makes you feel any better, I am suffering the same paper loss and probably a lot larger scale than most anybody.

I have been working on the core nonstop, literally 14+ hrs per day 28 days per month for over 2 years. And in the last year I doubled the SuperNET NAV after having neglected it and letting it drop 75% due to NXT price decline.

I couldnt go public with the plan as that would have contaminated the price average. And if it was pushed up to .01 by BTCD holders who wanted to boost their share of the komodo (admit it you would have thought about doing it), then it would have been sabotaging the ICO investors.

So if you are suffering, I feel your pain directly and to a larger degree. I did what I believe is fair to both sides and just keep in mind that while the price probably wont go up too much, it wont go down too much either

Let us try to focus on the breakthrough that dPoW is and the introduction of zero knowledge proofs.
legendary
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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
I did ask for you to not be banned, that wasnt my decision. you can be reinstated if you want

I was kicked out of slack after telling one of the admins that he is dumb stupid fuck.
He is.
legendary
Activity: 1176
Merit: 1132
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
I did ask for you to not be banned, that wasnt my decision. you can be reinstated if you want
legendary
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
Time for BTCDC
(Bitcoindark Classic)

Fuck it
hero member
Activity: 767
Merit: 532
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....


completely agree with this
sr. member
Activity: 441
Merit: 250
Bigboss
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh

That's the thing. We have all being waiting for iguana which was so close, I have invested some funds way above 0.004 hoping that when your job is finally done it would be worth much more. So what do I get now? Looks like I should have staid off. Not complaining, your projects always returned me some cash, but to promise something for months and then when almost everything is ready to say we will only buy it at the current price, no more then that,  .....
sr. member
Activity: 366
Merit: 250
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?

If you value BTCD at 0.01 you'll get almost the same BTC's and you'll have most of BTCD holders much more happy than they're now.

Myself, I was planning a BTCD at 20-30 M $ valuation in a year with iguana coming, but this changes everything...

Don't know what to say man... broken plans... Huh
sr. member
Activity: 324
Merit: 250
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
sr. member
Activity: 672
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...

but why would anyone invest in btc than?
sr. member
Activity: 366
Merit: 250
Just one sincere thing James:

I understand that you cannot value BTCD at X10 of current prices for the ico, but the value of 0.0053 seems to me too low. Lots of people have trust in you all this time, buying lots of BTCD upper that level, and I think they deserve a bigger reward from you.

I'm not telling to value BTCD at X10, but the current valuation is too low.

Always remember the ones who have been loyal and benefit them, that's a key rule in finance man...
legendary
Activity: 1176
Merit: 1132
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?
this is actually my first coin ANN

I did do SuperNET 2 years ago along with NXT assets, but over the last year I havent even issued any assets that I can think of.



Are you part of the WAVES project?

https://bitcointalksearch.org/topic/m.14102621

Interesting...
Might need to contact 99designs.com and transition from that Microsoft Word logo to something a little more sexy though Wink
Who are the NXT developers involved in WAVES?
Hm  I find it sexy enough Smiley
devs involved: JL777, Kushti.  I'm the project leader, Coinomat at NXTforum.
Advisor to an ICO is a lot different than conducting one
I have helped on countless projects, mostly behind the scenes
hero member
Activity: 777
Merit: 777
Altbone inc.Burial service for altcoins
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?
this is actually my first coin ANN

I did do SuperNET 2 years ago along with NXT assets, but over the last year I havent even issued any assets that I can think of.



Are you part of the WAVES project?

https://bitcointalksearch.org/topic/m.14102621

Interesting...
Might need to contact 99designs.com and transition from that Microsoft Word logo to something a little more sexy though Wink
Who are the NXT developers involved in WAVES?
Hm  I find it sexy enough Smiley
devs involved: JL777, Kushti.  I'm the project leader, Coinomat at NXTforum.
legendary
Activity: 1176
Merit: 1132
So only btcd swappers are elegible for all the promised supernet revenues?
btcd holders at the end of the ICO
legendary
Activity: 1176
Merit: 1132
so the snapshot is as of august 31st?
right after ICO closes,likely mid november
legendary
Activity: 1498
Merit: 1000
Suggestion

The btcd price went to 580k sats so its unfair on anyone who bought between swap Price and highest price.

Instead of average you should take the highest price so you are not technically betraying any btcd investors.
This guy gets it.

Both posts were spot on.
legendary
Activity: 1176
Merit: 1132
Quote
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.




this part i dont understand

The nodes will generate transaction fees while processing them through bitcoin network. At least this is what I understood. And I'm right, this is really an interesting idea and should definetly entertain it.

We are once again in a period of searching and creating the most anonymous coin. This could be the one. However the required funds to run this operation should be too much and I guess you won't be able to achiev it if you can't at least collect a minimum number.

Anyway, always appericiate the new ideas. I might hop in with my friends on day one if you guys keep up your professionalsim until the start of the ICO.

Good luck.
Thank you for being the first to notice the significance of dPoW
It combines the best aspects of the currently known consensus methods.

PoS for energy efficiency
elected nodes that represent the stakeholders to ensure timely blocks (and also they will automatically stake for all addresses)
and bitcoin PoW for the strongest security possible

the "d" is for delayed. You dont benefit from the bitcoin protection until the corresponding blockhash is notarized and on the bitcoin blockchain. Plus there is alignment delays between the two chains. And expensive txfees will need to be paid for the bitcoin notary tx, they are like supersized multisig tx

In the meantime, a time tested NXT style PoS algo is used by a set of notaries that were elected using a bitshares style voting.

So you can see that I am open to all the best tech ideas across all of crypto.

All of this to secure the best privacy tech known to mankind: zcash zero knowledge proofs

James
sr. member
Activity: 441
Merit: 250
Bigboss

BTCD Valuation for the swap

In order to simplify the BTCD to KMD swap, a fixed exchange rate of 1.0 BTCD to 0.00532074 BTC was established, meaning that if you send one BTCD you will receive 0.00532074 BTC worth of Komodo. This exchange rate was determined by adding a 50% bonus to the daily closing price average of August.  The  swapping process will take place after the ICO and detailed information will be posted soon.

what if BTCD goes up in price above 0.0053 BTC?

Then dont buy.

Just a quick calculation. If i buy now at 400k sats then technically I am getting a 33% bonus by swapping. You have just capped the price of btc to 425k sats
Exactly, with 0.00532074 - 25% bounus = 0.004
Current market price.
sr. member
Activity: 474
Merit: 261
GBM
Suggestion

The btcd price went to 580k sats so its unfair on anyone who bought between swap Price and highest price.

Instead of average you should take the highest price so you are not technically betraying any btcd investors.
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