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Showing 5 of 5 results by damon0
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Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs
by
damon0
on 08/09/2016, 05:37:42 UTC
This will be my last post - and will make my 3rd try at explaining the fallacies of Komodo ICO - I wish you guys the best..  Please make sure EVERY Komodo team member sees this and has the opportunity to rethink their logic..

This cannot (in a legal sense) be done by a vote, anymore than Nike Shareholders can vote to take other Shareholders shares or your neighbors can vote to sell your house for you at 1/7th of what you determine the sale price to be.  There ARE other ways to achieve sustainable development - contrary to statements "this is the only way", there are actually thousands of ways to achieve consistent developer funds..  Just need to find one that is NOT co-mingling or market fixing.  You can vote on NEW initiatives, but you cannot alter a prior agreement by a vote, ALL must agree to the new terms and conditions before the old agreement is replaced (please see Bitcoindark prior promotions to understand existing agreements).

Imagine you are on a jury, and dude says, "I'm not obligated to fulfill promotions", and then prosecutor asks, "did you make a promise that millions were invested in as a result, and which you yourself were an investor?" - How would a juror vote?

"Freemarket" - ALL PROMOTIONS and PROMISES need to be honored, the wallet released (with all the promoted tech), SuperNET and BTCD allowed to market adjust (after 2 years without a release), this needs to occur or could be considered 'fixing' the market.  There might be other ways to technically NOT be fixing the market or co-mingling, like the requirement that ALL KOMODO be acquired thru the buying of BTCD (kind of like Vericoin did with Verium - genius).

Please don't end up like this guy
http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html?_r=0
Really think about this..  Crypto currency is far more of a threat to Central Banks than Private Silver Money (Bitcoin exceeds some small nations).  If you speak out against FIAT, create something that is a threat to FIAT and worth millions, then comingle or market fix, dudes with shiny badges may pay you a visit.  JL777 is somewhat anon, and may be untouchable.  Can the rest of Komodo team say the same?

BTCD/SuperNET promotions
1a) Telepathy/Telepods/Teleportation?
1b) Ramchains?
1c) Pangea?
1d) InstandDEX?
1e) Pegged Asset Exchange (PAX)?
1f) Finhive (Skynet)?
1g) Market Maker Nodes (MMatrix Nodes)?
1h) Tradebots?
1i) delayed Proof of Work (dPOW - promoted in SuperNET slack channel)?
1j) Asset Independence (asset chains)
1k) Basilisk (Lite Mode)
1l) 13+ and counting supported BTC Clone Multi-Wallets in a single app

ZeroCash Tech
2) ZKP

Komodo ICO Tech above and beyond Iguana/SuperNET/BTCD/Zerocash
3a) ?
3b) ?

Komodo is more like 95% SuperNET / BTCD, not 80% Bitcoin..

For people who think that very few will invest in Komodo - BTCD price has been market fixed yet the value as predicted by whales is a min of 7X (as release nears) - why wouldn't Bitcoin investors want the 'FREE' value that likely would have gone to SuperNET/BTCD investors?
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Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs
by
damon0
on 07/09/2016, 07:49:27 UTC
Thank you James - this type of communication is genuine..  Reaching out to the communities (BTCD and SuperNET) too ask for help to a solution, is great news.

I don't think very many people were aware that SuperNET has been paying for everything and BTCD has been getting a free ride.  This equated to those in the KNOW valuing BTCD little and those NOT in the KNOW valuing BTCD equivalent to SuperNET.  This is reflected in the Marketcaps almost being equal, and therefore contributes to the pain of BTCD investors.  When someone wants to buy into Iguana, do they buy SuperNET or BTCD?  They seemed almost equivalent to many, and therefore a shock to value BTCD so low.  Maybe BTCD should have been $1 and SuperNET $5, but very few knew that the devs valued BTCD so little.  Again, this is clearly reflected in the Marketcap..  How do we protect the investors of both BTCD and SuperNET?  My opinion is that it's not done by taking in 3000 BTC before the Market has had a chance to correct..

There are a couple minor corrections I would like to point out.  There was a peak of .004 btc on August 13th, and with the 25% bonus for BTC on the first week this actually equates to almost NO preference for BTCD based on Aug peak (except the 5/5/5)..

Most of us know you have been working yourself to death with very little help and this is reflected both in the time and the mareketcap..  But, don't forget that is the nature of investing.  People don't invest in Nike and then go volunteer at Nike headquarters testing shoes.  Past decisions are generally seen with more clarity later on.  Obviously, within the SuperNET ANN and the BTCD takeover there should have been a method to fund continual development, but apparently there wasn't.  Hence, we are all down, development team and investors..

The BTCD and SuperNET communities need to step up to provide the resources needed to complete the projects.  That being said, it will be much easier to get resolve if James and team can wait until the Iguana release and allow the crypto world to drool over the Swiss Army knife of Blockchain wallets..  If the whales are correct and BTCD or SuperNET shoot up 7X, it's hard to believe that the community wouldn't back a viable solution..  No one wants the price crash back down after a 7X or 50X pump..

Basically, I would like to see this drama as a product of mis-communication and frustration.  Both are normal growing pains for a thriving community..  Instead of seeing this as something negative, look at it as the community coming together..

There is ALWAYS a solution that will keep SuperNET/BTCD investors thriving and Developers with enough resources to advance the tech..  We just need to find a good balance.  I would like to suggest that the Komodo team do their best take ideas from the community and factor in some details like allowing the Freemarket to correct after the Iguana release.  If the market corrects like Steem or Monero, then everything changes and it will be quite easy to fund future development..
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Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
by
damon0
on 05/09/2016, 23:28:16 UTC
@Pondsea - Since the Komodo team members are likely to benefit more than BTCD investors (payments from invested BTC), your opinions mean little..  Komodo team members opinions are NOT neutral and it is NOT genuine or authentic to pretend like it is..

The most neutral opinion is one of a current (as of last day of August) BTCD investor who is not part of Komodo team and NOT likely to be paid from the ~30,000 BTC collected..

We all know that Iguana/SuperNET/Bitcoindark 'had' a huge potential for a sharp rise in value on the freemarket the moment the very cool wallet application was truly ready for mainstream..  Monero and Steem had 50X rise on arguably less tech..  One komodo team member told be that 'whales' had already picked Bitcoindark for a minimum 7X gain...  Not a 25%, but a 700% gain (minimum)..  This makes sense now why you guys chose 30000 BTC for the ICO, as that's about what whales were valuing Bitcoindark at..  Except, now it won't be BitCoinDark investors who receive the gain, it will be whomever Komodo team chooses to benefit..

Iguana/SuperNET/Bitcoindark has Telepathy, Ram Chains, Pangea, InstantDEX, EasyDEX, multi-wallet, 100X faster sync, 50% compression, etc. etc. etc.  Komodo only adds a couple new features and therefore Bitcoindark/SuperNET/Iguana should be more like 80% or 90% of ICO, not 20%.

AND....  That is the opinion of a non komodo team member, who is managing the investment of BTCD for others.  I effectively have the obligation to reach out to Komodo team and ask them rethink this..

Komodo team - please.... really think this thru carefully..  What you have done is NOT ok..  It's basic common sense..  In the statutory world, people likely go to jail for less..  7X Market gain on 4Mil is 24 Mil profit..  This is NOT a lemonade stand.  You have to act with the utmost care for your investors.  Those who are signatures on the Komodo Multi-Sig BTC wallet, please be very careful and thoughtful about what you are doing, I have the deepest respect for you all and would hate to see you get into any trouble..

Promises were made and those promises need to be fulfilled with crisp, easy to delineate, lines..   Please do not co-mingle Komodo ICO with current obligations until after those promotions have been fulfilled and the freemarket has had a chance to adjust..  I have been a long time advocate of Supernet/Bitcoindark - I've been your biggest fan..  You need to fix this..

Komodo team: You guys are welcome to reach out to me on supernet slack, I'll be happy to explain to you in more detail, the various reasons I believe you need to seriously rethink this.

You can lead a horse to water, but you can make it drink.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
by
damon0
on 03/09/2016, 19:25:10 UTC
If you simply step aside from the Drama and use simple reasoning skills, you will see that a fundamental change needs to occur to this ICO to keep everyone protected.

For quite some time BitCoinDark has been advertised with Telepods, Telepathy, Teleport, RamChains, 5/5/5 (SuperNET / Iguana fees / divs) and hence the basis for many investors of BTCD..  If Zero Cash (ZKP) is as good or better than Teleport/Telepathy and easier to implement (since it's already written), than ZKP really needs to occur to BitCoinDark apart from new Komodo ICO.  It sounds like the 5/5/5 has been preserved for BTCD Holders separate from Komodo, but not the Anonymity factor.

Hence, the Anonymity factor is effectively an obligation to BitCoinDark, separate from Komodo.

Plus, all the noise appears to be about costs related to dPOW, Notaries, and expensive servers - so it makes even more sense to separate ZKP from the Komodo ICO.

With the ZKP anonymity factor BitCoinDark would very likely shoot up in MarketCap (Monero / Dash / Shadow).  It would also have a silencing effect to all the FUD/Critics of JL777 not completing projects,  Lastly, it would provide more revenue from long term SuperNET/BitCoinDark/Iguana investors infused into the Komodo Project.  A Win-Win-Win situation.

Examples of what has been promoted as a basis for Bitcoindark investment:

http://bitcoindark.wikia.com/wiki/BitcoinDark_Wiki
https://medium.com/@Bitfirmio/instantdex-and-anonymity-b6523f697a4d#.jrd01tyuw
http://wiki.supernet.org/wiki/Teleport
https://cointelegraph.com/news/bitcoindarks-teleport-technology-aims-to-make-cryptocurrencies-truly-untraceable
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Topic
Board Announcements (Altcoins)
Re: IOTA
by
damon0
on 23/07/2016, 23:06:31 UTC
The mind is a tricky thing - every human can measure the same data and come up with different conclusions..  If you've watched JL777 over the years, you will see that he/she Huh generally tightens up with negative pressure..  JL777 probably decided that he could contribute via adding to IOTA tech, vs directly donating, and he did invest a lot to show SuperNET support..  But, like one previous comment, types of contributions are NOT mutually exclusive, and both is an option..  But, the negative pressure can easily be seen as either a form of blackmail or as fair pressure, depending on conditioning, and this reflects negatively on both IOTA and SuperNET..  JL777 does have a history of himself NOT asking for contributions, only requesting investors, so it makes sense he does not support this method.  So, I ask all sides to look at the details as NOT that anyone is being unreasonable or scamming, but that given the same set of facts each decided on different approaches of support..  Maybe there can be a cross contribution, JL777 can add IOTA support to his Iguana tech that is getting very close to working now and IOTA can support Iguana Tech..  And... Maybe both groups can purchase and/or donate each others Asset/Coins..

It doesn't have to be a struggle, it can be fun..  It doesn't have to be direct competition, it can be coopetition where all parties support each other while also making their tech the best, than when the time comes, they integrate, making their tech multiply (not additive)..

Just my two cents...

BTW: Yes, years ago I stopped using my Bitcointalk account, since I was not a fan of the trolling..  I created a new account today, just for this single comment..