jl777



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LegendaryActivity: 1176Merit: 1090 Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin May 15, 2017, 08:43:25 PM #8941 Quote from: smaragda on May 15, 2017, 08:39:14 PM Quote from: jl777 on May 15, 2017, 08:28:18 PM Quote from: smaragda on May 15, 2017, 08:24:35 PM Quote from: jl777 on May 15, 2017, 08:11:31 PM Quote from: smaragda on May 15, 2017, 07:54:19 PM Considering all the BTCD talk, I'll take the opportunity to express something that has been bugging me since Day 1:



Any decision other than burning the swapped BTCD and dissociating from further BTCD development will suck a hairy ball sack and ultimately hurt Komodo. Let's never go down THAT road. Trust me, there are so many negative things one can say that it will be complete insanity to take such risk even if KMD holders were to directly benefit.



There, I said it... although I wouldn't have to if a definitive answer had been given by the Komodo team, as many have asked along the way.

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.



Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.



Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.



It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

Yes, I was talking about after the 1-year swap deadline. And what I was saying is that you need to let BTCD go. No reverse swap. No assisting whatever development efforts might follow by those that didn't swap. Nada. You asked people to swap because Komodo is where it's at (supposedly). How in the world are you going to justify ANY further association with BTCD after having gathered almost the entire Supply for a specific purpose? Just let it go and wish those that do not swap good luck.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.



If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.



In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.





Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.



I am neutral on this. you are against it. Let us hear from some others before deciding. I am not advocating for or against this, I just want to have some flexibility in case it is needed as a contingency. http://www.digitalcatallaxy.com/report2015.html

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Sr. MemberActivity: 1036Merit: 310AKA RJF - Member since '13 Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin May 16, 2017, 03:56:59 AM #8948 Quote from: jl777 on May 15, 2017, 08:43:25 PM Quote from: smaragda on May 15, 2017, 08:39:14 PM Quote from: jl777 on May 15, 2017, 08:28:18 PM Quote from: smaragda on May 15, 2017, 08:24:35 PM Quote from: jl777 on May 15, 2017, 08:11:31 PM Quote from: smaragda on May 15, 2017, 07:54:19 PM Considering all the BTCD talk, I'll take the opportunity to express something that has been bugging me since Day 1:



Any decision other than burning the swapped BTCD and dissociating from further BTCD development will suck a hairy ball sack and ultimately hurt Komodo. Let's never go down THAT road. Trust me, there are so many negative things one can say that it will be complete insanity to take such risk even if KMD holders were to directly benefit.



There, I said it... although I wouldn't have to if a definitive answer had been given by the Komodo team, as many have asked along the way.

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.



Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.



Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.



It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

Yes, I was talking about after the 1-year swap deadline. And what I was saying is that you need to let BTCD go. No reverse swap. No assisting whatever development efforts might follow by those that didn't swap. Nada. You asked people to swap because Komodo is where it's at (supposedly). How in the world are you going to justify ANY further association with BTCD after having gathered almost the entire Supply for a specific purpose? Just let it go and wish those that do not swap good luck.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.



If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.



In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.





Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.





I am neutral on this. you are against it. Let us hear from some others before deciding. I am not advocating for or against this, I just want to have some flexibility in case it is needed as a contingency.

I traded BTCD for KMD as well as buying into the ICO and I agree 100% with smaragda, BTCD needs to be done, period. Or, return my BTCD without decreasing the value of my KMD.



I traded BTCD for KMD as well as buying into the ICO and I agree 100% with smaragda, BTCD needs to be done, period. Or, return my BTCD without decreasing the value of my KMD. "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin

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It's all mathematics...!







LegendaryActivity: 1358Merit: 1038It's all mathematics...! Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin May 16, 2017, 08:56:48 AM #8950 Quote from: jl777 on May 15, 2017, 08:43:25 PM Quote from: smaragda on May 15, 2017, 08:39:14 PM Quote from: jl777 on May 15, 2017, 08:28:18 PM Quote from: smaragda on May 15, 2017, 08:24:35 PM Quote from: jl777 on May 15, 2017, 08:11:31 PM Quote from: smaragda on May 15, 2017, 07:54:19 PM Considering all the BTCD talk, I'll take the opportunity to express something that has been bugging me since Day 1:



Any decision other than burning the swapped BTCD and dissociating from further BTCD development will suck a hairy ball sack and ultimately hurt Komodo. Let's never go down THAT road. Trust me, there are so many negative things one can say that it will be complete insanity to take such risk even if KMD holders were to directly benefit.



There, I said it... although I wouldn't have to if a definitive answer had been given by the Komodo team, as many have asked along the way.

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.



Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.



Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.



It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

It is possible that it will become necessary to stake with the BTCD as the non-swapped gets smaller and smaller as there might not be enough to keep the chain advancing.Beyond the 1 year period, one idea in case KMD is still not listed on polo is to retain the existing swap mechanism and add a reverse swap mechanism so KMD can be converted to BTCD. That would then create a reverse arbitrage and we would have both a floor and ceiling price for BTCD which would effectively make BTCD 50x KMD especially if both directions of the swap were fairly frequent.Now if you are saying that you can guarantee a direct polo listing or that a polo listing is not desired by this means due to the hairball theory, I can consider that point of view also.It is hard to give a definite answer to a question that depends on future events beyond our direct control. I much prefer a direct polo listing than having to implement a reverse swap, but I must plan for various contingencies, dont i?

Yes, I was talking about after the 1-year swap deadline. And what I was saying is that you need to let BTCD go. No reverse swap. No assisting whatever development efforts might follow by those that didn't swap. Nada. You asked people to swap because Komodo is where it's at (supposedly). How in the world are you going to justify ANY further association with BTCD after having gathered almost the entire Supply for a specific purpose? Just let it go and wish those that do not swap good luck.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.



If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.



In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

I am pretty sure that what you say is what will happen, but there are some advocates for using the polo listing BTCD has as having value.If it isnt clear what to do, we will have a KMD stakeholder's vote on this. I think that will avoid any issues about justifying. Having a trading token that is a proxy is totally different than continuing development.In any case for such a potentially controversial thing I will simply listen to what the stakeholders want.

Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.





Again, if the swapped BTCD is not provably sent to another galaxy (i.e. burn), expect a justified shit storm of epic proportions. I mean just the fact that we're sitting here discussing the possibility of a reverse swap after having seen the nonsense that has been going on over at Poloniex (due to folks being oblivious about the swap itself) is very unsettling. The nonsense needs to end as soon as the swap period is over, not continue in reverse.





I am neutral on this. you are against it. Let us hear from some others before deciding. I am not advocating for or against this, I just want to have some flexibility in case it is needed as a contingency.

Just burn the Btcd that was swapped and leave! A reverse swap is complete insanity... Just burn the Btcd that was swapped and leave! A reverse swap is complete insanity...

jl777



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LegendaryActivity: 1176Merit: 1090 Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin May 16, 2017, 01:41:16 PM #8953 It seems nearly unanimous to burn.



Unless there are some voices to the contrary soon, a decision will be made about this so we dont have to worry about it.



I should also announce that there will be a sharedrop of JUMBLR soon. for every 20.2 KMD you have you will get 0.01 JUMBLR.



This is 5% of JUMBLR (50,000) allocated to 101 million KMD.



We are still working out the details, but it is expected that a KMD snapshot will be done within the next month and the JUMBLR distributed accordingly. There are only 1 million total JUMBLR so it is a rare coin and it receives the JUMBLR fees in addition to a DEX revshare.



Soon after the sharedrop, DEX trading of JUMBLR will be available using smartaddresses. More details will be announced as they become available.



To avoid dust transactions, a minimum of 20.2 KMD is required to participate in the snapshot. Also, if the KMD is on the exchange, then the exchange would get the JUMBLR and it would be up to the exchange to distribute it to their customers. This is why I raise this issue now so everyone has time to decide what to do. If you dont directly control your KMD address, you will likely not get any JUMBLR.









http://www.digitalcatallaxy.com/report2015.html

100+ page annual report for SuperNET 100+ page annual report for SuperNET