Topic: What do you think about Bitcoindark and Supernet? (Read 1708 times)

Supernet was supposed to be the next big thing years ago but as far as price wise nothing really happened with their project.

He did say he would be incognito while debugging. I better sleep (getting paranoid). Thanks.

Maybe this helps?

http://sprnt.slackarchive.io/iguana/-/1465186395/1465455918/1465382668000274/
6-8-16


Jl777

Well the competitors are all highly flawed:

https://bitcointalksearch.org/topic/m.15143893

Including Ethereum which I think will never get their consensus algorithm to work correctly:

https://bitcointalksearch.org/topic/m.15138357

jl777 has the advantage of having one of the smartest guys at his behest. But I don't yet know if how much I will be helping him. Seems the latest series of posts has somehow offended him perhaps as I hear nothing from him in chat past 2 days.

I have never doubt this. I follow the work of James more than one and a half year now and he was always very supportive and communicative. Especially on the Nxt forum. What I am getting worried about is the long term development. When SuperNet started many exisiting projects (like Ethereum, Lisk,...) were not even be planned. These are indirect competitors and I am not sure anymore if SuperNet can compete to these new projects.

Thanks for making that point. You're right: the chances of a mining-exploration property becoming a paying mine are really low, but they're not zero. Formally, all mining-exploration projects - even the few that are going to become real mines - are vapourware. And yes, financing those projects in the hope of a big payoff is the way speculation works. Oddly enough, the exploration companies will share their sampling data with professional and academic geologists if asked: in this sense, speculators are also (indirectly) subsidizing geological research.

I'm happy to learn that you've hit it off with James & that you've found a compadre who's at your level.

I've always loved the UNITY concept and my perception of jl777's commitment to our community. I'd routinely check for updates on his .org site but it was taken down (don't know if it's back up) For me, after some bad trade decisions and my demand for practicability decided just to focus on ltc / BTC for near term growth. In my opinion you have to be long on unity and extremely patient. If you're looking to make a quick buck or need money, the investment is not for you, move to a pump and dump coin and hope you get lucky. If you don't need to liquidate, lock up your holdings and check back in 5 years. I think you'll thank me.

Such as Waves which apparently raised $15 million for vaporware and selling a crowdsale pitching IOHK's open source code (and which jl777 was said to be advisor):

https://bitcointalksearch.org/topic/m.15138357

And Lisk which raised $10 million apparently still has problems in the functioning of the wallet:

https://bitcointalksearch.org/topic/m.15139560

Or The DAO which raised $168 million with only 2080 lines of sol code:

https://github.com/slockit/DAO

Seems these days it is better to be good at marketing and selling ideas than actual code that is stable and ready for the launch.

Just stay away if you're not invested or slowly sell them without upsetting the price if you're holding them. You are missing the opportunity to invest in other more profitable prospects. Looking at github they have been working on these projects but without any solid results yet. So it might better to wait until they have something to show for and check of their assets are worth to invest in.

Just my 2c.

https://github.com/jl777/SuperNET/graphs/contributors

jl777
4,167 commits / 797,347 ++ / 239,368 --

• You should document that $5 million claim, because I vaguely seem to remember someone writing jl777 was able to raise 1500 BTC and so that wouldn't be worth more than about $1.5 million at the peak. In any case, I read the DAO raised $168 million, so if you want to talk about waste of resources, then there are bigger fish to fry. The BitcoinTrojanHorse Chinese mining cartel "scam" is extracting on the order of 1800 BTC daily some allege at very low costs and those costs charged to the Chinese people via banking and electrical subsidies. None of that mined BTC is getting into the hands of developer such as myself who is actually capable of changing the world for the better.
• jl777 has afaik produced working code for feature such as the federated type of decentralized exchange and he has been working on 100% decentralized exchange. He has written what he claims is a very fast Bitcoin c0mpatible daemon in C which he has named iguana. I chat with him sometimes daily and he is always coding. Being coder myself, I know when someone is actually coding or just bullshitting. Granted he does appear to have presold future BTCD features that are not yet implemented, which is something I would never do. But Ethereum presold the entire damn development and had nothing implemented when they raised $millions. The DAO raised $150 million for future unknown vaporware that hasn't even been described yet! jl777's vaporware transgressions seem mild in comparison.
• It seems just about every altcoin is only used by its investors and doesn't really have much adoption. A similar phenomenon occurs with gold mining junior companies, where most of them are just paper illusions. Yet some of them do become major actual miners someday. This is the way speculation works! If it is too hot in the kitchen for you, then get out of the kitchen and let those who can handle it do the cooking.
• jl777 is not my partner. We have no shared project wherein we are both developing on the same project and both vested in future ROI on that project. Instead he (or SuperNet) invested a very small amount of funds in my project which he doesn't develop on, to help sustain me when I was extremely sick and bankrupt so I could continue to do my CC research and development. I help jl777 get the theory aspects of his latest designs correct (because I am one of the most astute experts on the theory and design side ... and I don't have time to argue with idiots about why I am ... those who work around me daily know it is true ... there are sufficient examples on the BCT forum for one who knows where to look in my archives ...), but I was not helping him on the design of the things he released before such as BTCD. In exchange of my very impressive ability to invent amazing CC breakthroughs, there is an offer for me to do GUI coding in exchange for BTC of which most wouldn't become due and payable until he releases the new projects and raises more funds. I encouraged him to find another developer for that work, but the reality is having me work on his project helps to insure the design is correct and so he understands my worth. But even if I accept that work (which I haven't yet because I want to reserve my limited time for my own R&D work), I would not be vested in the ROI of any new fund raising for any project he does. He and I are not partners. We simply do rational business with each other and talk tech shop on designs, to the extent it makes sense. He is fully aware that he is not allowed to claim that I am accountable for his projects. Ditto he has nearly nothing to do with my project and doesn't advise me on the design issues in my project.
• I was incorrect to waste my time badgering other coins about their ethics. I followed smooth's lead on that. I have already explained that the issuers and promoters may or may not have to answer to the legal repurcussions in the future, but that is irrelevant. Also the key breakthrough in my legal understanding is when I recently realized that if the source code is open source , the protocol is decentralized, and the issuers aren't in ongoing control of trading (which was Ripple's mistake that caused them to run afoul of FinCEN KYC/MSB regulations), then it doesn't likely matter under the Howey investment securities test (which is orthogonal to the FinTech regulations such as FinCEN) how the tokens were issued, because the speculators are in control of their future expectation of profits (return on investment) and thus nothing is secured by the issuer. Forks of the source code and copycat coins are evidence of that reality. I opened my eyes and decided to understand the reality of the nature of speculation. The amount of $ flowing into altcoins is miniscule compared to the other scams going on daily since the beginning of mankind, including for example the fraud of the Federal Reserve and fiat money. The Climate Change carbon tax clusterfuck is many $billion greater fraud than anything going on in altcoin ecosystem, and at least the altcoin ecosystem has the chance to spawn an actual breakthough that helps mankind.
• You seem to have originated from a Communist/Socialist philosophy wherein you think it is the role of society to determine what is fair and how to best top-down regulate the flow of capital. This is incredibly myopic because there is nothing the government can't make worse by regulating it.
  
  "Elephant: a mouse built to government specifications." — Lazarus Long
  
  
  Quote from: iamnotback on June 07, 2016, 10:34:06 PM
  Quote from: enosenose on June 07, 2016, 03:34:29 PM

  Quote from: iamnotback on June 07, 2016, 01:47:12 PM

  The joke is on you not understanding that Armstrong is writing about the medium-term when he is bullish, and in the shorter-term his reversals are guiding us through bounces and dips until we get the V crash slingshot that sets up the medium-term blast off.
  
  Your lack of reading comprehension is the joke. AltcoinUK enjoins you in that handicap.
  

  
  slingshot that feeable puppet mind of yours.... guiding useless scenario after the fact.
  

  
  As MA has explained, there will always be dumb people to be the bagholders in the market. There is nothing anyone could do to change that.
  

I will not explain this again. And you and your cohorts will continue your nonsense instead of rolling up your sleeves and actually creating some competition. All you and your cohorts hypocrite holier than thou masturbation is for losers who can't produce anything and instead want to be self-important from their rocking chairs.

Yesterday I invented and proposed the (afaik novel) concept of PoW (e.g. Bitcoin) checkpointing of PoS to jl777 to fix the nothing-at-stake issue and provide instant security for new PoS block chains, which is a reaction to an incorrect idea for referencing Bitcoin blocks (as a timestamp provider) in PoS chains that he had proposed publicly at bitco.in

Through extended discussions, we together devised the general conceptual idea of how to prevent it from getting stuck and jl777 has to work out the exact Bitcoin scripts.

Again it would be incorrect to assume jl777 is not working feverishly.

Courtesy of jl777:

https://github.com/zcash/zcash/issues/991

Here is what I wrote to jl777 today:


To reiterate, I don't vouch for the correctness of the theory in jl777's work. Everyone makes mistakes. I am not reviewing every design decision that jl777 is making, nor he reviewing all my work. So please don't hold me accountable for his work. I merely shared that he is working feverishly.

I won't be here at BCT often.

I must have missed the zcash sync comments.

Aloha iamnotback, always a pleasure to read some fresh air.


@anonymint. Do you have an opinion on unu. The "swarm" inteligence ouija board style thing. Is this something that could be useful for crypto world?

Thanks for that honest & fair assessment, very thought provoking coming from yourself!

Glad to see you're 'not back'

jl777 is working feverishly on it. I have been in many discussions with him and we've discussed all the possible options for the final implementation of the anonymity for BTCD. He is very determined to meet his obligations.

He has written a super performant Bitcoind daemon (sans mining) which for example he recently got to sync with Zcash. There is some public discussion of this with the Zcash devs, but I am unable to locate the link again at the moment.

James is a C programmer, and doesn't like to use other languages. This some what of a hindrance because it means he relies on others writing the GUIs and those others have apparently cheated and bailed out on him. I am reasonably polyglot in programming languages and platforms, so there was some discussion about me helping him on the GUI work, but I am busy on other work at the moment.

As far as I can tell, James is legit. Every day he is on encrypted chat and even working on Sundays. And he is very concerned about producing the best technology. He is always available for in depth technical discussions. And he displays a breadth of understanding of the technical issues.

When I first started communicating with James in 2014ish, I couldn't entirely comprehend his technical writings. My original observation was he tends to describe things in the way he visualizes it in his mind without considering the terms and issues his reader would not be understand. Yet this has improved a lot, as we have gained more experience communicating with each other.

Apparently James excels at writing highly optimized C code. I can not vouch for whether his strength is writing coherent and correct code, because I don't have enough experience with his code.

Note I asked James about DecentralizedEconomics' allegation that James was the guy who ran for mayor in San Diego and lost. James says he has always been a programmer and that allegation is false.

My rough guess (based only on his statements about progress and having not looked at the code) is he is still a few months away from polished completion.

I am not knowledgeable about why there were delays other than I've heard allusions to some contracted devs taking advantage as mentioned above, about issues of Nxt and Jean-Luc (which I am not really informed about and I'm not interested to know), and apparently because as James dug in he apparently realized he needed to write his own daemon in order to be able to efficiently implement all the features he desires such as the DEX and also browser based clients/wallets. Note I along with TierNolan were in public discussions with him on some of the technical design issues of the DEX. Also James and I have explored many anonymity designs in private over the past year or two. So perhaps some of the delay is due to so much experimentation.

Disclaimer: at the moment, I have no vested position in any crypto currency other than my own vaporware.

James commits malfeasance.  Get out while you can.

I'll buy your BTCD & SuperNET. I'll pay the going rate, no problems

Translation - You own a lot of these.

Pondsea is legit.  He'll scoop up if you need to exit