Topic: BTCD is no more - page 283. (Read 1328503 times)

Multisig escrow would be much better than multipart escrow.

I have been a bit busy with the IPO and I also had to move to a new place today and also get all the MGW servers back in sync and I am still waiting on a release, so it is a bit out of my control the timing of Teleport

Now 99% of IPO funds will always stay in escrow and I wont have any access to it
I am working on a volunteer basis without any pay
All staking income goes back to BTCD and NXT communities
EVERY expense from the 1% will be documented on a public ledger

The important thing to keep in mind when the trolls start saying silly things like I will have all these millions from the IPO. It is that I already have millons from my gains before this IPO and that I will be getting access to 1% of the total raised. Further I am working for free and will be running the operations side of the SuperNET at 90% profit margin. On the other thread on troll said how dare I be taking 10% of revenues. So I asked him if he would volunteer to work for free and run  it at 91% profit margin, or even 92%. He didnt respond

Anybody who does any financial analysis of this deal will realize that the funds portion is simillar to sharkfund0, where you are buying at book value. The asset is backed by the crypto deposited. sharkfund was about 1500 BTC and starting price was 10000 NXT per asset. In a bit over three months I tripled it to 30000+ NXT per asset. This is probably more profits than all other assets combined. So, I do have a track record in managing a medium sized fund.

Now, if that is all SuperNET was it is probably a good deal, but for no extra cost I am also including a future revenue stream. how much will it be? I am not sure and I want investors to make money so I figure if I price it at 0.00000000 it cant help but be worth more than that.

Now the IPO is starting soon, but it will last 2 to 4 weeks and as long as I get released to me the version I need to start my debugging soon, Teleport will be working before the IPO ends.
The code is published, I have it working locally, if anybody wants to compile it for Windows I can get a demo setup for you

so, the trolls will try their FUD using made up lies, because they really cant use the truth.
I guess they can say that Teleport isnt done yet how can we be raising money for SuperNET. How much did ETH raise for something not ready yet?

James

I do not care for the tone of Bentach's remarks. At the same time it appears as though the launch of the IPO will in fact come before demonstration of teleport. This is a legitimate concern. It would be advantageous to both projects if this overlap is clarified with an updated road map.

This also impacts the decision on escrow with respect to the IPO. It seems to me escrow is a very rational and prudent step to take.

Jmho.

oh...I thought you had hard facts to back up your claims.

good luck all

i just don't want to laugh so hard in the next 2 months.

It's not 'Nothing but a scam'. Do some more homework. We are all making financial decisions in a high risk industry. Respect our decisions.

'Teleport taking a year' -  the devs are currently testing.

James has already made a lot of money and he's not 'running away with his bag full'

Clearly you have done very little research. Don't get angry, just calmly and clearly voice your concerns like an adult and move on.

We need people coming up with new ideas like Teleport and SuperNet. Some ideas will stick and some won't. It's called progress.

the fact is already there, where is teleport? is coding even started? all we know he's here 24/7 pumping his scam ideas.

Can you show some hard facts? Or you just rambling?

I don't like scam and Bitcoindark is nothing but scam. From his posts supernet need teleport and teleport haven't code yet, which could take months and even year. He's now want people to give him free BTC into his super scam supernet. This kind of scam that killing crypto as people run away with millions and millions in their bag.

Benthach, if you have any questions about BTCD please feel free to ask. As you may have noticed that contrary to other coin offerings, this thread has remained free of blatant FUD or other non constructive attempts at discrediting BitcoinDark. We welcome discussion, criticism and skepticism but try to keep it constructive. Looking at your post history we share the same enthusiasm for XC and you know that is was plagued by trolls for weeks. As a fellow XC holder I ask you not to resort to the same tactics that bothered XC for so long.

BitcoinDark does not aim to compete with any coin but to cooperate, so don't feel threatened by it's technology.

the escrow details are not decided yet
clearly the need for it depends on how much is raised
at smaller amounts, i am not so concerned
at the bigger amounts then we will need some careful segmenting
however until it starts, not really any way to estimate, so we are preparing, but cant know the specific escrow setup
btc into cold storage is definitely the key
i am thinking of multi-country divisions at the higher volumes, but lets wait for the first days before any decisions

Edit:  Escrow is  being discussed

You don't have to have the wallet open in order to stake as your coins accrue "coin age" regardless of whether it is open or not, as long as you do not send or receive any other BTCD to your address.  When you do next open your wallet (and unlock it for staking) your next stake amount will include everything for your coin age.  In other words, you could just open it once a week for a few hours (or until you receive a mined block) and you would receive the same stake amount as you would have done if the wallet was open the entire time.  All up you get around 5% pa from staking, and of course there is the as-yet-unknown income that BTCD holders will get from teleport, anon credit card, SuperNET, etc etc.

Sure, the pirates, the scamers, the hackers, the dumb morons... all in one.

Just picked up my first couple of BTCD's.  Would like to start a local wallet and open it up for staking.  Noob question here, once I've followed the instructions to start staking do I need to leave the wallet online for it to occur or can it be taken completely offline?

Related note: BTER got hacked for 50m NXT a while back. Last I heard they paid 300 btc to get it back.
If the SuperNET IPO goes well then Poloniex will be a massive target since there will potentially be million of USD worth of crypto sitting there.
Can we confirm their security is rock solid, and then some?

You forgot the pirates. Never forget the pirates. It upsets them.

just sold half my BTCD holdings...thank you!

your post history is full of enlightening commentary

Donation Update!

Current Donations: 1118.96
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Stake Conflicted: -0.2524351
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Other Updates:

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i'm quoting this so I can laugh my ass off in a couple months  

i've laughs my ass off with darkcoin, cloakcoin and viacoin but Bitcoindark is the worst scam of all... teleporte, superwarp, supernet, umbrella net.... LOL the best sci-fi ever