CMC came back to me and it's adjusted now after supplying some documentation and the rest of the information.

https://i.imgur.com/1KgAapt.png

https://coinmarketcap.com/currencies/chips/

siddhartha-komodo [10:12 AM]
Okay, so how do you see KMD putting food on the table for the family?


jl777 [10:12 AM]
we solve the previously unsolved problems in crypto


[10:12]
this has incredible market value


siddhartha-komodo [10:12 AM]
agreed, but how exactly does it translate?


jl777 [10:12 AM]
thus KMD goes up in value


[10:12]
people who have KMD have more value


[10:12]
eventually they can live off the 5% APR


siddhartha-komodo [10:13 AM]
Okay. So, as KMD becomes a larger and larger nexus of being a "one-stop shop" for solving crypto problems, people can come use it for whatever services it offers, and they pay KMD to use those services. As the demand for KMD goes up, so does the value of holding KMD. Is that the idea?


jl777 [10:13 AM]
or someone can spawn an assetchain


[10:14]
create your own money


[10:14]
add value to it, tap into the built in audience of the community


theflippening [10:14 AM]
@jl777 what price do you predict for KMD a year from now?


jl777 [10:14 AM]
1.00000000 KMD



siddhartha-komodo [10:14 AM]
lol


jl777 [10:14 AM]
I dont do price predictions (edited)


theflippening [10:14 AM]
fair enough


siddhartha-komodo [10:15 AM]
So, I think I'm starting to capture KMD now, thank you. I'm still curious about this asset chain.


[10:15]
By the way, I'll be happy to write this up as a blog post in reddit, to share the information with others.



theflippening [10:15 AM]
i predict top 5 coin, over $100 for sure :slightly_smiling_face:


siddhartha-komodo [10:15 AM]
Hopefully that will help a bit with the workload of getting out the message.


[10:15]
But anyway, back on asset chains.


chmex [10:16 AM]
So basically all this rumors of countries wanting to issue their owns coins (like EstoniaCoin) could run as be a KMD assetchain


siddhartha-komodo [10:16 AM]
You spawn your own asset chain, and it's advantageous to use KMD because it has all these built in features (like storage, or swapping tokens, pegged currencies, etc.).


[10:16]
How does this relate back to KMD.


jl777 [10:16 AM]
simply the dPoW


[10:16]
you need to use KMD to do the dPoW


siddhartha-komodo [10:16 AM]
Why would a person want to swap back and forth between BTC and LTC, except as a hedge against each other in value?


[10:17]
dPoW, the delayed Proof of Work


[10:17]
I did read the white paper on that, but it was above my head...


jl777 [10:17 AM]
each assetchain thus needs KMD to run the dPoW and without it their chain wont have the security levels


siddhartha-komodo [10:17 AM]
Okay, so if they keep a connection to KMD, they get a few benefits.


jl777 [10:17 AM]
the problem with new blockchains is that they are weak and can be attacked (destroyed sometimes)


[10:17]
that is not good


siddhartha-komodo [10:17 AM]
They can split off entirely if they want to, but by staying with KMD they get some added security.


jl777 [10:17 AM]
with dPoW you can make a weak chain strong


siddhartha-komodo [10:17 AM]
Help me understand this.


jl777 [10:17 AM]
for the cost of KMD txfees


siddhartha-komodo [10:17 AM]
This is good stuff.


jl777 [10:18 AM]
it adds a lot of security to the assetchain


siddhartha-komodo [10:18 AM]
Right, so owning KMD again becomes beneficial.


jl777 [10:18 AM]
and it is like clockwork for the KMD tx


[10:18]
more tx, more demand, higher price


siddhartha-komodo [10:18 AM]
But doesn't that also then slow down the KMD blockchain?


jl777 [10:18 AM]
with just a few chains, it wont matter much, but if thousands of chains, then it starts becoming a lot of demand


siddhartha-komodo [10:18 AM]
And wouldn't that make KMD a parent blockchain, even if it's not forcible in nature?


jl777 [10:18 AM]
KMD goes at one block per minute


[10:19]
KMD in that case is selling a service to the assetchain


theflippening [10:19 AM]
is there a max circulating supply for kmd


siddhartha-komodo [10:19 AM]
Right, so what happens if KMD explodes and there are 10,000 different asset chains trying to use it?


jl777 [10:19 AM]
explodes?


siddhartha-komodo [10:19 AM]
as in, gets really popular


jl777 [10:19 AM]
there will be a lot of KMD transactions


siddhartha-komodo [10:19 AM]
right.


jl777 [10:19 AM]
but it wont reach the price of 1 BTC


[10:19]
so still a lot cheaper to notarize to KMD than to BTC directly


[10:20]
it is blockchains as a customer of another blockchain


siddhartha-komodo [10:20 AM]
I don't understand this part.


jl777 [10:20 AM]
sort of a chain 2 chain economy


[10:20]
probably not a topic yet for MBAs


[10:20]
since it only was invented with KMD


siddhartha-komodo [10:20 AM]
Would this be like a situation where, say you have...let's make up an asset chain: XKMD.


[10:20]
It performs X service.


[10:21]
Well, it's not a topic yet, but it sure will be


jl777 [10:21 AM]
XKMD wants security so it enables dPoW


siddhartha-komodo [10:21 AM]
I'm absolutely fascinated, and many of my classmats are, too


theflippening [10:21 AM]
@jl777 is there a max supply of coins for KMD, if not, then staking for returns creates more coins, lowering the price per coin if the market cap doesnt increase, because more coins are added to the pool?


jl777 [10:21 AM]
not XKMD chain is making regular KMD notarizations


[10:21]
200 mil max coins


boosterafk [10:21 AM]
joined #komodo


siddhartha-komodo [10:21 AM]
hang on a sec


[10:21]
Going back a bit


jl777 [10:22 AM]
good for 13 years or so, which is about double the entire crypto history till now


ariston [10:22 AM]
:popcorn:



siddhartha-komodo [10:22 AM]
So, XKMD splits off as an asset chain from KMD. It's started by some blockchain entrepreneur


[10:22]
She thinks that she can provide some service using the KMD blockchain, but she's also going to go her own way a bit


jl777 [10:23 AM]
wait


siddhartha-komodo [10:23 AM]
She starts X service, and she finds 50 people to be nodes for this blockchain...


[10:23]
okay, waiting


jl777 [10:23 AM]
just by existing and using KMD, that is all that is needed to create a constant demand for KMD


[10:23]
nothing deep


[10:23]
all blockchains need security


theflippening [10:23 AM]
ok good to know, so what happens after all coins are mined by staking, do we start getting paid in btc or how would that work?


jl777 [10:23 AM]
but there are too many blockchains now for any new one to realistically get enough hashrate to be secure


siddhartha-komodo [10:24 AM]
listening

jl777 [10:24 AM]
@theflippening I make it a rule to solve the current problems first, there is 13 years to figure that sort of thing out


alienwalkerx
[10:24 AM]
does segwit change anything in the future?


jl777 [10:25 AM]
if it does komodo platform is right there along with it since we have CHIPS a segwit enabled realtime gaming coin


[10:25]
@siddhartha-komodo if there is a regular sale made like clockwork the demand side is there with each assetchain


siddhartha-komodo [10:26 AM]
So, does the assetchain then "check in" with KMD on each transaction?


jl777 [10:26 AM]
with a relatively fixed supply of KMD and each new assetchain creating more demand (not to mention all the other usages), there is this economic things of supply/demand


siddhartha-komodo [10:26 AM]
okay


jl777 [10:26 AM]
it notarizes to the KMD chain every so often, basically storing a bit of itself on the KMD chain


[10:26]
that prevents an attacker from rewriting the chain



Great talk on Slack at the moment #komodo

Maybe a n00b question (or just impatient?), but how can I see the JUMBLR share in my account..? Running Agama Basilisk mode at the moment and added JUMBLR by clicking ACTIVATE COIN. Balance is still 0.
Am I too quick to check the balance or am I missing something...?
[/quote]

Wait for distribution it's a manual process.

Kakumei / utrust:

Did you purchase this account from somebody? Registered in 2016 but no posts till up to august 2017.
Did you delete the old posts?
Why is there so much spam messages in other forum just to get activity points?

You have great marketing material looks very nice indeed. I tried to find out what's the underplaying value of the token I'm I correct that there is none meaning the whole assets of the company are controlled by you. utrust just intends commit to a buy back program with a percentage of the spending fee and than intends to burn the tokens.

But does it rely of the existence of another Blockchain?
And in case KMD is the leading Blockchain (like BTC now) can it also run without any other Blockchain?

It's his laptop he has two accounts. Confirmed on slack and here on BCT all legit.

It's in January 15th

yes it works

So basically that's the address which dividends will be paid to jumblr holders?

Congratulations and lets hope you are right with your next guess!

Didn't find anything. still syncing once synced I can provide