Quote from: CryptoNick on December 26, 2016, 06:45:38 AM

Quote from: tclo on December 26, 2016, 12:00:47 AM

Quote from: cyrixcer on December 25, 2016, 01:32:37 PM

I see 1 btc worth btcd is about 14k kmd, so buy kmd to sawp is better than btc investment? And we need to withdraw them? The date of snapshot?

What are you basing that on? The current BTCD price?

Right now BTCD is trading at .00375. So 1 BTC will buy you 266.67 BTC. The swap rate is approximately 50.4488 KMD per BTC. So 266.67 x 50.4488 = 13333.33 KMD per BTC (through BTCD swap). And the BTCD price is fluctuating between .0033 and .0041 recently, so I suspect your calculations were made when BTCD was a little lower.

KMD ICO ratio was 7746.522 at the end without the bonus. BTC was 20% lower then in USD terms. So 20% extra is 9295.8263. So you still do better right now buying BTCD than you would have during the end of the ICO, with no bonus.

However BTC went up 40% since the start of the ICO on Oct 15. So that means 7746.522 * 1.4 = 10845.1308 + 25% bonus = 13556.4135 KMD. So that is actually 1.5% more KMD than you would receive at start of ICO than right now buying BTCD at .00375 and swapping it.

So those who bought at the beginning of the ICO probably did better than if buying BTCD to swap right now...especially if they were buying a considerable amount. BTCD volume on Poloniex is so small that you can't even buy 1 BTC worth, without shooting the price up 10% or more.

Don't forget to take into consideration of what a KMD will be worth vs BTC. People who spent their BTC in the ICO are now Locked in and can't sell BTC or KMD. But when KMD hits the market the price will reflect this increase also. No one would buy KMD in the ICO and just lose money in the market.

This brings and interesting question though since KMD is supposed to make a Decentralized Exchange, so how do you get to Fiat in a Decentralized Exchange? Do you have to go to CoinBase? Do you use Tether and then pretend like you have Fiat?

pax is a decentralized fiat equivalent, there is no third party needed. In fact, there isnt even a second party for KMD <-> pax fiat. you do those with paxdeposit and paxredeem API calls.

as far as converting to real fiat, we need to stay away from directly doing that. just use localbitcoins to convert BTC <-> real fiat.

the DEX can trade pax fiat <-> pax fiat, creating a decentralized forex

and of course KMD <-> BTC can be done with liquidity enhanced DEX using LP nodes <-> central exchanges. Only the LP nodes are directly interacting with the central exchanges. Our DEX is not a token based DEX, that is tech we pioneered 2 years ago using NXT AE + MGW, but now it is time for native DEX. Our DEX is a native DEX where there is no intermediate token needed.

New blockchains can be created from the ./komodod command line and these are all zcash forks which plug right into the native DEX. Optionally dPoW can be enabled for them with agreements from notary nodes.

I think most have missed the fact that this native DEX based ecosystem already solves the scaling problem as overall capacity can be increased just by spawning new blockchains. native DEX can then allow tokens to flow between the chains based on market price or 1:1 pegs or pricefeeds. The advantage to this loosely coupled blockchains are that if any single chain goes DOA, only that chain is directly affected. It wont drag the entire ecosystem down.

Privacy via zcash
Security via bitcoin (dPoW)
Liquidity via native DEX + LP (liquidity provider) nodes <-> central exchanges
Price stability via pax fiat equivalents
Scalability via assetchains
Smart chain capability - requires customized assetchains, pax is an example

Did I miss a mass market requirement? Oh, yes. easy to use GUI and installer.

The way the ICO fund raising was front loaded due to the biggest bonuses, most of the funds came in when KMD was perceived as zcash clone + dPoW. So, even as more and more of the tech roadmap was revealed and deployed in the testnet, the pricing was mostly set.

Now, is a crypto ecosystem that solves all the mass marketability requirements worth closer to $10 mil or $100 mil marketcap? That is the question that the market will answer as the testnet becomes the mainchain and KMD is distributed and trading starts.

Even after all the above is released, we do still need a few actual reference implementations of a mass market dapp. I will be porting the pangea decentralized poker into KMD next year. Since all the assetchains are based on the komodo codebase, which originated with bitcoin codebase, any bitcoin fork developer (almost all altcoins) can create customized smart chains by using the komodo codebase.