Topic: BTCD is no more - page 192. (Read 1328507 times)

Sounds like a philosophical thought experiment.
(If a tree falls in a forest and no one is around to hear it, does it make a sound?)

Right. There is some super-cool stuff (no pun intended this time) going on behind the scenes, as anyone able to get even the gist of James' coding updates will realise. I'm pretty sure that no system like this privacy network exists anywhere in crypto, and possibly anywhere, full stop - feel free to comment if you know more about what's out there. (One of the reasons I suspect this is because James, possibly as a punishment for something unpleasant I did to him in a previous life, has asked me to write up his new ideas on sending messages anonymously. This breaks new ground - it's like sending someone a letter without knowing their name or address. This anonymity will be built into BTCD's communications, within the client.) Anyway.

There remains some ongoing confusion over the relationship between BTCD and SuperNET, as well as the overall development process, timetable and so on. That's understandable, and is mainly just a result of the decentralisation on which all crypto is based; decentralisation has its cons as well as pros. In any case, it's worth addressing to the extent that is possible, especially in the light of recent price slides. These could be due to any number of reasons unrelated to the progress of the tech and as far as I am concerned are no big deal, but it gives trolls a foothold to spread their FUD within the community and cause various problems. The best lies, after all, are close to the truth.

There are regular updates in the SuperNET newsletter. We will be making a point of filling in some of the background as well as detailing the tech updates. Please sign up for these at http://thesupernet.org/, and get over to the SuperNET forum (https://forum.thesupernet.org/index.php) for more information. In the meantime, here's a sneak peek from the draft of this week's SuperNET newsletter. Hopefully it will be useful.

BTCD and SuperNET

Analogies are often more powerful than explanations. Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might need or want. Stores, selling anything you could ever hope to buy. Casinos and other entertainment centres. Exchanges, financial services and trading posts. News and information outlets. These are like the services offered by SuperNET. Incredibly, though the cryptocurrency world offers so many remarkable businesses, no one has thought to link them together before. They are just a set of isolated organisations, either competing with each other or just operating independently.

BTCD is the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure communication links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything.

To complete the analogy, NXT is the sophisticated engine that gets you around this network of roads and the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around SuperNET - the whole Super Network of integrated coins and services.

So how might it look in practice? (Thanks to mackowski for this concept)

You’ll need the new BTCD wallet that longzai is working on to access SuperNET. The good news is, that’s it: everything is housed inside it. That’s the whole point of SuperNET - unity.

You’ll click a tab in the BTCD client and it will open SuperNET. From there, you’ll directly be able to access SuperNET’s functionality. You can send cash anonymously, using Teleport (James’ new anonymity protocol). If you’re particularly concerned about privacy, you can pass it through a Boolberry exchange first to make absolutely sure, layering Teleport with BBR’s ring signature technology. Perhaps you play neoDice for a while - that will be built into the client. You check your portfolio of assets, which include SuperNET itself; you’ve been paid dividends, which include both NXT and shares in a new company that has recently joined SuperNET.

You may want to exchange some NXT for BTC, which you can do through the peer-to-peer instant exchange, InstantDEX. Maybe you also need some to spend in the real world, so you cash some coins out to your SuperNET card - the anon card offered by Coinomat. Then you decide to browse FreeMarket for a while to see whether anything interesting is for sale. Lastly, you message a friend about a joint project you’re working on. All of this happens completely securely, because privacy is built into every transaction that takes place with BTCD.

Makes sense. Perfect for cold storage, and no back door.

Sorry...

It's also an uncapped ipo. Interesting to see how this works out for them.

https://www.dropbox.com/s/hca1c7k0b8j1osm/Moolah.pdf?dl=0

https://www.cryptocoinsnews.com/dogecoin-leaders-present-evidence-ceo-troubled-bitcoin-exchange-moolah-long-time-scammer/

One rumor is that it is Mintpal admins dumping all the cryptos they have!

I got SuperNET lucky.  I just deposited when it was around 800k expecting it to be roughly that when cleared.  If I had not been concentrating on trying to set up a SupetNET node I would have bought just before the dump to 640k.  Thank you SuperNET for the distraction and whom ever is unloading.  Now would be a good time for GAW to fix withdrawals so I can grab more.

how did you get that!
its my winter home

Just bought more... thank you to the drowning whales.

Hi James
A mate of mine sent this pic, he reckons that its your summer residence. I not sure if I should believe him or not. He told me he took it on way back from Santa's


Jon 

did i miss something on BTCD?  what's with all the heavy sell orders around 0.007?

I was catching up on the thread..... gotta say, this post really made me laugh .  Nicely done and nice to see you back in here too Trinibits  

http://www.reddit.com/r/CryptoCurrency/comments/2jd5ev/xcurrency_blocknet_xbridge_cryptocurrency_joining/
Blocknet? More like CloneNET.

My faith is in SuperNET!

It is quite similar indeed, even down to doing an ICO with discounts for the coins.
Interesting thing is that I was in promising discussions with NHZ and they have some common people with XC

The graphics they have done are pretty good, and they are explaining SuperNET quite well, even down to the usage of JSON for the RPC. I also see some coins on their list that we did not accept, but as a clone they have to have lower standards.

It will be interesting to see if a SuperNET without any financial feedback will be possible. My opinion is that it takes energy to bind disparate coins together and revenue sharing, co-investment are critical parts of the SuperNET concept.

Also, it is not clear what they will do with the funds raised.

James

Found it:
"The Blocknet Foundation will pool the formidable abilities of developers and will function
as an incubator, funding the creation of a development platform and multiple Blockchain
2.0 services. The Foundation will be responsible for allocating funding for this."

So their fund raising is going to pay for development of their SuperNET clone and not be backing the asset at all. I wonder if the trolls will be making any issues about buywalls?

Looks like a Supernet Idea Copy 


Ill stick with Supernet and BTCD myself 

Thanks again.

even cooler

Thanks, here's another one.

Teleport with telepathy into The Magical Mystery Tour.

Good point.  Feedback from the community helps keep the ideas flowing and the team on track.

I could do more for the Bitcoindark and SuperNET communities beyond donating, but I've mostly just been on the sidelines watching, learning, and rooting.

Team BTCD FTW!