Topic: BTCD is no more - page 36. (Read 1328503 times)

James, any thoughts on that? Why would anyone sell knowing BTCD's being bought at market price daily, thus constantly increasing value.

BTW, nice move as to ICO being differentiated by the wallets.

Your price is 0.006 BTC
If anyone wishes he can buy 1000 BTCD for 0.004 on bittrex and give 4BTC

Selling 10,0000 BTCD  --> 1000 BTC = 6 BTC

Not enough liquidity on the market. PM please.

Oh yea, wait, maybe asking too much JL put a cap on the market!!!

I don't blame you, it was just a statement :-)

its the wrong question. For sure ICO is okay for funding but with different basics.

BTCD-Holders should get a bigger part of the cake and a fixed percentage of the total quantity, which is known from the beginning.

I'm not sure if it will be the last time for dividends. We've had a good run 1+ years of divs. Me, Cassius, and Sasha will have to meet and discuss the future of MMBTCD and BTCD Staker Divs.

Hey guys, I just put this vote up because James asked me to do it. Please don't blame me for whether or not the vote should have taken place before the announcement. It wasn't my decision.

Azeh, will that the last time for dividents or you will continue as long as we stake BTCD?

I also agree that it is too late for voting.

Personally, I think the voting could have happened before the announcement of Komodo..

New Poll Concerning the future direction of BTCD. Please Vote.

Also, please no not ask me my personal opinion about the matter.  This vote is for the community to decide.

Lastly, concerning BTCD Staker Divs, please relax, they will be paid out when I receive them from Sasha.  Staker Divs are a gift from MMBTCD, and were intended as a token of good faith to those securing the BitcoinDark blockchain and they will be paid out.  Sasha and i have both been extremely busy lately, but it will happen 

I must say, I was very surprise, and upset when the change was announce.

This was due to my past experience in crypto (crave, librex, dao,....) and number of other bad choice
BTCD was one of my first investment and I believed in it...
The more I read the more I think james doing the proper thing

let go and blast the crypto to where it is suppose to be the number one device in world 

I would say that Lisk was used as a validation of the swap method.

I did propose a way for BTCD long time holders to get a bonus, which could be in the 300 BTC range. That is actually within your 5% to 10%, but actually would be a lot more for the long time holders.

The requirements to get this bonus are that the BTCD community come to a consensus on how to calculate the bonus. For obvious reasons, I will not be involved in that process.

And komodo needs to raise the higher end of the goal. This amount would come from the 10% allocation for ICO costs so it doesnt affect the ICO structure.

If only 1000 BTC comes in then there is no issue at all for BTCD hodlers, so if that is the expectation, then why all the fuss.

The early birds get a better price in exchange for more risk. The more time passes, the less the risk, so the higher the price. Even the last day ICO investors are taking more risk than first day exchange buyers.

There are people arbitraging below the ICO prices, though you will note the volumes are not very big, even compared to your 1000 BTC estimate. Though people who are convinced to invest will get the best price possible via BTCD below the arbitrage price.

I am not doing the marketing of the ICO, I am taking time out from coding to answer questions. That being said, I am fairly well known across all of crypto, from NXT to bitshares to bitcoin. I have volunteered my time to the zcash project and also the btcforks project and many others if they are asking me a question.

Also, please why do I have to keep repeating that 30K is a maximum, there is no expectation to raise the maximum. If there was it would be called the expected amount and the maximum would be higher. We are expecting 10,000+, but of course you could be right and it is 1,000. There is only one way to find out

James, I must say you are doing a very good job here in communicating. You are always staying friendly and calm
The only thing was, that the timing went a little bad when you announced the fix price of BTCD/BTC for Komodo. I expected a little better rate for BTCD.
The ICO terms in general are fine and you should go on. If you give BTCD a little extra of +5%-10% would be fine, but if not I can life with this.
I expect from Komodo the same positive effect for the project, as Lisk has done for Crypti.
For me the situation is somehow similar.
So go one and use the good ICO conditions to get a proper founding – despite some ugly comments here.

I am not sure why investors will be waiting for ICO to buy at 0.0042 - 0.0053 where they can buy BTCD now for 0.0035 and exchange that for KMD later.
Also, besides that ANN thread of KMD which is mostly read by BTCD community and trolls what else have you done or willing to do to draw attention and expect 30000 BTC ?
I don't even expect 1000 BTC as there are only BTCD hodlers who will just do a swap.

I think you misunderstood it to be 1 KMD for 1 BTCD, that is not possible under any scenario. Even in the max raised case, it would be more than 10 KMD per BTCD

What is being kept 1:1 is the value of BTCD against the value of KMD.
conversion price is approx 188 BTCD per BTC, so for 188 BTCD you get 1 BTC worth of KMD.

In the event the max 30,000 BTC are raised that is 3000 KMD per BTC, so my rough calculations are 3000/188 = ~16 KMD per BTCD, in the so called max dilution scenario. And that is for the unlikely maximum raised scenario, if less is raised the ratio goes higher. My calculations are probably off by a bit as things need to be offset for BTCD allocation, but hopefully you get the idea.

I hope this clears things up as I too would be upset if we were talking about 1 KMD for 1 BTCD!

Youre absolutely right. I dont think that anything will change here. The decisions were made before the announcement and there is no will to adjust that.

What I propose (and I might be wrong) which I don't mind swapping BTCD to KMD.
There are 20 million BTCD and 200 million KMD.
The swap shouldn't be BTCD to BTC and then BTC to KMD.
It should be an equal percentage based on total BTCD and KMD
Those who have 100BTCD will get ten times that in KMD. 1000KMD

I fully understand that funds are needed. ICO is not an option. From what I have seen so far, ICO coins tend to go down in value during the first days as developers who have plenty, dump them and investors are left there and interest goes down.
We/you need to find a way to draw attention and make investors join and invest just by buying and not by ICO, so there you go with the funding part.
With this way we will all benefit. Developers, old and new investors.

Other options might also be available AND might be better that what I proposed above and I think that was a matter which should have been discussed by the whole community prior to the "surprise" we received a week ago.

So, to make it clear what I do not like most from that change is the ICO part which will mostly help devs and not others and that's not going to be fair.

My option if things stay as they are, is to sell all of my BTCD, wait a bit where the KMD price will definitely be a fraction of 0.0042 BTC and buy later. As BTCD will be left without dev this will make price go down too and I might buy some too.

The technlogy SuperNET is developing is not fictional, it is not an empty promise.

It is here! Verify the progress yourself!

github.com/jl777/SuperNET
docs.supernet.org (a list of iguana API)
SuperNET Slack channel #Iguana

 - Iguana is functioning at the command line level
 - There is a team developing HTML/JS GUI (they post updates to #Iguana channel)
 - Both the iguana core and GUI are open source
 - Soon there will be installers, and a first release

Komodo ICO will bring more funds that are necessary to remove all the obstacles there are before we can get a mainstream adoption. But that is a long term plan.

With the short term, there are at least:
1) Iguana release
2) anonymous transactions
3) dPoW

We are working really hard to have the first Iguana release before the ICO starts. During ICO there will be a working dPoW in testnet. Finally, very soon after the ICO ends, we will get anonymous transactions.

What James has done during the past has not been a simple task. He has solved extremely hard problems. Here is what he just said about Iguana:

I sent a message to Azeh about it. I will reach out to him again.