Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
jspook16
on 06/01/2018, 02:40:58 UTC
Ho to swap BTCD to KMD? Because https://ico.komodoplatform.com/ don't work!

It is supposed to open in a few days. Just wait a bit.

I don't think they will fix it before the deadline.

Why do you think they won't?



I like how you dishonestly use the word "swap" to imply a 1-to-1 trade of BTCD for Komodo, when in fact what actually happening is massive dilution of BTCD bagholders' equity.

First, a swap doesn't necessarily mean 1-to-1.
Second, even if it did, that would mean they dishonestly make you think you'll get 1 KMD for 1 BTCD instead of ~50 KMD for 1 BTCD, indeed they are fooling you big time (sarcasm in case you don't get it).
Third, do you even know what dilution means? If anything could happen here it would be the complete opposite. If we assume that something like 2% isn't swapped in time, that would mean that 98% of the BTCD supply will be locked/burned/whatevs making BTCD as scarce as it gets. Assuming it is still exchangeable for whatever reason, this could create room for crazy high prices. (I'm not encouraging anyone to speculate on this.)

Keep in mind that our BTCD are stuck in staking and the blockchain is not moving. Just 2-4 blocks every 2 days. Mine are stuck for 20 days and there are just 35/110 confirmations. I won't be able to swap. Don't ask me why I opened the wallet for staking. My intention was to send them to bittrex and while the wallet was locked, i entered the password for sending and it gave me stake. More than 200 btcd are stuck, probably for ever. The only thing I can say is if it is possible to send the wallet.dat to the kmd team so they send me the kmd or get a 6 months extention for the swap. Otherwise I am screwed. I do not think I am the only one.
A lot of people sold their kmd to buy btcd and do the swap. Idk if you are one of them but damn that is a shitty move to make. Imo I hope everyone who did this the last month gets rekt.

Chances are they will at this rate. But the swap event has been on going for almost a year I think. Perhaps folks were holding until the end to let the value go up....but now they may be stuck.