Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SuperNET - ICO conducted by BTER + ...
by
Este Nuno
on 10/09/2014, 18:38:52 UTC
To people wondering what superNET is I'll write a little description of how I expect it to be from the perspective of if I was actually using it. Hopefully jl777 or anyone else can correct any inaccuracies.



I load up my BitcoinDark wallet as I would normally, I have 1000 BTCD waiting for me as I expected. There's an extra button or tab that says 'enter superNET' on it. I have a few things I want to do today that take advantage of the superNET so I click on it. A separate GUI launches. I see a few different options, but the first thing I want to do is send a secure anonymous payment using the current best available anonyimity system, which happens to be integrated in Boolberry(BBR). Since anonymity is very important for this specific payment I'm making, I use the superNET GUI to create a transaction that will take advantage of James' Teleport technology which will enable me to send BBR with my BTCD without leaving my wallet. So I want to send 100 BTCD worth of BBR to the address of my choice, and I do so by creating this transaction in the superNET GUI in a way similar to sending any other standard crypto transaction. The 100 BTCD is automatically converted to BBR at market rate minus a small fee, which I'm more than willing to pay in this case to guarantee my anonymity.

So after I've finished my important business of sending that anonymous transaction, I take a look at the superNET GUI to see what's on offer today. I have the ability to purchase NXT assets directly through my BTCD wallet with BTCD. I notice that today there are some featured assets being displayed on my GUI(that the asset issuers pay a fee to superNET for to have listed as 'featured'). One of the assets I can purchase is tokens that correspond to one oz of silver. I had been meaning to to pick up some silver anyway, since I noticed the price was particularly low recently, so this is very convenient for me. I look in to the asset to make sure that each token you purchase through this NXT asset can be redeemed for one oz of real silver, and indeed they can be. Perfect. So now I have the question of trust, what is the reputation of this person issuing the silver asset? Are they known to be trustworthy? Luckily for me superNET has integrated Bitmark's 'marking' reputation system that will help me gauge whether or not the person issuing the asset can be trusted. Turns out this person has a lot of marks, so I'm pretty confident that I'll be able to redeem my silver tokens for real silver through the asset issuer. So I go ahead and make a few clicks and decide to purchase 50 BTCD worth of silver tokens thanks to James' MGW technology as well as his InstantDEX technology. I finish the transaction and in a few seconds I'm the owner of 50 BTCD worth of silver tokens that were purchased off the NXT distributed asset exchange.

Now that I've done the business I've set out to do I take a look at the superNET GUI once again and I see a link for PrivateBet. Feeling a bit lucky and still having 850 BTCD sitting in my wallet, I decide to try my luck for a little while to entertain myself. I gamble anonymously for a while with my BTCD. People who invested gain from my negative expectation bets while I'm entertained for a while.



Ok, so that was just a small example of how I see superNET working in the not too distant future. Each wallet of each currency that is part of the superNET will all be able to access and take advantage of all of these features from a single GUI that connects thousands of resources in to a single point of access(the superNET GUI).

This is why I think the superNET is an awesome idea and I think it has the potential to really bring a lot quality alternative currencies together in a way that benefits everyone.  Cool