Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
Here is my assesment of KMD of the last month :
Full disclosure, I hold 5% of my portfolio in kmd.
right now It doesnt seem to be the project you would like to stake on for short term profit, the risk is too big and they dont communicate ahead what they are planning to release (probably to avoid pnd), increasing the risk for new investors, they hide their id (protect themselves hmmm please...)
basically this project is not attractive at all even though it could be big, it certainly also could not be
I watched the coin this whole month precisely, the pattern of kmd is clearly going downward as btc is increasing more and more in values due to futures arriving soon on the market, it is a foolish mistake to invest into kmd with your btc, you will just get eaten slowly 1-5% a day.
They are saying they are raising their fiat value overtime, this argument in crypto is a stupid assumption to make since every crypto is gaining in fiat value because they are all paired with btc.
Again there is a slight chance this could be soon a revelation, but until proven otherwise with a decent upward pattern in BTC, I will stay out of this.
Also I took the time to check the history of their main lead dev, he seems brillant but just too shady with too much bad press around him with scandals of nxt assets being stolen and so on + him wanting to keep his id private, it doesnt help investors, since the trust is clearly not here.
Add too that the delay of dico, the barterdex project that is taking so much time to be released, since it's gui and ux front end, it honestly shouldnt (makes me question the quality of their other devs) and the fact they are clearly not giving a shit about marketing, I can understands it seems frustrating for a bunch of guys coding all days to invest in marketing, but hey do not try to reinvent the wheels here, you have to do it or you will just go unnoticed, and something better with a good copy paste will come around sooner than you think.
peace
ps: come at me all the heavy bag holders of kmd !
Full disclosure, I hold 5% of my portfolio in kmd.
right now It doesnt seem to be the project you would like to stake on for short term profit, the risk is too big and they dont communicate ahead what they are planning to release (probably to avoid pnd), increasing the risk for new investors, they hide their id (protect themselves hmmm please...)
basically this project is not attractive at all even though it could be big, it certainly also could not be
I watched the coin this whole month precisely, the pattern of kmd is clearly going downward as btc is increasing more and more in values due to futures arriving soon on the market, it is a foolish mistake to invest into kmd with your btc, you will just get eaten slowly 1-5% a day.
They are saying they are raising their fiat value overtime, this argument in crypto is a stupid assumption to make since every crypto is gaining in fiat value because they are all paired with btc.
Again there is a slight chance this could be soon a revelation, but until proven otherwise with a decent upward pattern in BTC, I will stay out of this.
Also I took the time to check the history of their main lead dev, he seems brillant but just too shady with too much bad press around him with scandals of nxt assets being stolen and so on + him wanting to keep his id private, it doesnt help investors, since the trust is clearly not here.
Add too that the delay of dico, the barterdex project that is taking so much time to be released, since it's gui and ux front end, it honestly shouldnt (makes me question the quality of their other devs) and the fact they are clearly not giving a shit about marketing, I can understands it seems frustrating for a bunch of guys coding all days to invest in marketing, but hey do not try to reinvent the wheels here, you have to do it or you will just go unnoticed, and something better with a good copy paste will come around sooner than you think.
peace
ps: come at me all the heavy bag holders of kmd !
Hi benji75, I have been around this whole project since the Nxt asset exchange, sometime in 2013 and I have seen lots of accusations projected at the lead dev who I presume you to mean jl777, in all of that time I have not seen anybody actually prove that jl777 has done any wrong doing at all. All I have seen is baseless accusations from people blaming jl777 for their own mistakes. They are usually people who have lost out buying assets on the NXT asset platform or they are from desperate gold rush schemes that did not get a return or bought into assets that folded but where not jl777 assets. These people have tried to blame everybody else besides themselves for their loss. If you or I buy assets and they fail the only people to blame for buying those failed assets are us both, you and me who did not do our due diligence or decided we where going to take a bigger risk on something we did not know enough about or where not bothered to look. I have lost out on a number of assets I bought from the NXT asset exchange but none where jl777 assets and all where a risk I was prepared to take, my losses where my own bad choices. I always find that if you want to get a taste of something then you need to suck it and see, I did and lost out. The conclusion I reached after a couple of years was that the NXT comunity was not a place I wanted to be, I will not make any accusations about NXT because I cannot fully back them up if I do but I will say that since staying away from that community I have not lost very much at all. One more thing I would like to say is I know that you do not know what you are talking about because if I could find any dirt on jl777 then I would not be here now having this conversation and for the past 4 years I have looked as closely as I possibly can.
One more thing is: to do what jl777 has been doing for at least the past 5 years takes a lot of commitment and courage, I have seen many leaders fold over the past 17 years of being online and most of them having a lot less to deal with than what jl777 has had to deal with. If your backing a horse then you need know both the horse and the jockey, crypto is a crazy, volatile, unstable horse to say the least and jl777 is the best rider I have seen so far.