Author Topic: SuperNetworks  (Read 3337 times)

0 Members and 1 Guest are viewing this topic.

Offline gamey

  • Hero Member
  • *****
  • Posts: 2253
    • View Profile
Re: SuperNetworks
« Reply #30 on: September 11, 2014, 06:24:43 pm »

ICO = ?

(I'd google it, but the acronym has 50+ meanings)
I speak for myself and only myself.

Offline graffenwalder

Re: SuperNetworks
« Reply #31 on: September 11, 2014, 06:26:02 pm »

ICO = ?

(I'd google it, but the acronym has 50+ meanings)

Initial crowdfunding offering, same as IPO

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
Re: SuperNetworks
« Reply #32 on: September 11, 2014, 06:30:41 pm »

ICO = ?

(I'd google it, but the acronym has 50+ meanings)

Initial crowdfunding offering, same as IPO

There is a term and acronym for this already...

Initial crowdfunding offering =  ICO   ???

... and 'crowdfunding' is a word now, also...
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline graffenwalder

Re: SuperNetworks
« Reply #33 on: September 11, 2014, 06:39:48 pm »

ICO = ?

(I'd google it, but the acronym has 50+ meanings)

Initial crowdfunding offering, same as IPO

There is a term and acronym for this already...

Initial crowdfunding offering =  ICO   ???

... and 'crowdfunding' is a word now, also...

Sorry it's initial crowd offering. This term is used a lot in equity crowdfunding.

Offline Bitshark

  • Full Member
  • ***
  • Posts: 75
    • View Profile
Re: SuperNetworks
« Reply #34 on: September 11, 2014, 06:49:04 pm »
Supernet to me seems a scheme to boost the value of all cryptos that jl777 holds.

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
Re: SuperNetworks
« Reply #35 on: September 11, 2014, 06:50:26 pm »

ICO = ?

(I'd google it, but the acronym has 50+ meanings)

Initial crowdfunding offering, same as IPO

There is a term and acronym for this already...

Initial crowdfunding offering =  ICO   ???

... and 'crowdfunding' is a word now, also...

Sorry it's initial crowd offering. This term is used a lot in equity crowdfunding.

Now, that is a good term!... reminds me of:

panem et circenses (en. Bread and circuses)
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline graffenwalder

Re: SuperNetworks
« Reply #36 on: September 11, 2014, 07:09:44 pm »
Supernet to me seems a scheme to boost the value of all cryptos that jl777 holds.

Yes it is. The interesting part will be when the ICO/IPO ends.
Because he will always have a buy wall up of 1% of the NAV at NAV (Net Asset Value).
I wonder if pumps will still work, because it's so obvious what the price should be.

Also all the assets that go in to the supernetwork are in a pump.
But once the ICO/IPO ends the pumps are over, which should result in a dump, and thus in a devaluation of the supernetwork.

Offline cass

  • Hero Member
  • *****
  • Posts: 4311
  • /(┬.┬)\
    • View Profile
Re: SuperNetworks
« Reply #37 on: September 11, 2014, 07:27:42 pm »
Honestly, i didn't notice the complete thing! SuperNET, BTCD ...First time today on bter.com ...
jl777 - i noticed that he has launched a few assets which are on coinmarketcap.com also. Does they are really functional? IDK

█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline CLains

  • Hero Member
  • *****
  • Posts: 2606
    • View Profile
  • BitShares: clains
Re: SuperNetworks
« Reply #38 on: September 12, 2014, 03:04:33 pm »
jl777 saw his opportunity and took it.. everyone else is bowing away responsibility

Offline gamey

  • Hero Member
  • *****
  • Posts: 2253
    • View Profile
Re: SuperNetworks
« Reply #39 on: September 12, 2014, 03:33:44 pm »

Am I correct in believing jl777 is completely anonymous ?  His bitcointalk account isn't even a year old...
I speak for myself and only myself.

Offline changematey

  • Jr. Member
  • **
  • Posts: 45
    • View Profile
Re: SuperNetworks
« Reply #40 on: September 13, 2014, 02:35:03 pm »
I don't know how much truth or sense this makes but I saw this on the altcoin observer thread:
https://bitcointalk.org/index.php?topic=624223.msg8802514#msg8802514

This guy seems to have dug up some of the assets owned by James, seems he owns majority in most of them. It seems fishy to me.
« Last Edit: September 13, 2014, 02:38:37 pm by changematey »

Offline feedthemcake

  • Full Member
  • ***
  • Posts: 158
    • View Profile
Re: SuperNetworks
« Reply #41 on: September 13, 2014, 04:13:00 pm »
Go with your gut. My gut said stay away.

Offline cube

  • Hero Member
  • *****
  • Posts: 1404
  • Bit by bit, we will get there!
    • View Profile
  • BitShares: bitcube
Re: SuperNetworks
« Reply #42 on: September 13, 2014, 08:29:35 pm »
The conversation between devs (catia and bitfreak) of cryptonite may shed a bit more light into Supernet:

<catia> yeah i dunno. it's like they want supernet to be integrated into coins rpc
<catia> and then to run supernet you have to run daemon for all coins
<catia> so it's like ultimate in blockchain bloat
<bitfreak> hmmm
<bitfreak> so they in order to be a part of the supernet we need to customize the rpc api?
<catia> yeah import their library
<catia> which of course won't work right
<bitfreak> lol of course
<catia> and it violates my #1 goal of killing QT
<bitfreak> I don't really trust the people behind it anyway, too closely related to NXT
<bitfreak> and they can't admit when their anon scheme sucks
<Myagui> but I don't think you need to tie up to local daemon for any coins catia , think you'll only need to run any of the coins if you want to trade from the supernet dividents (which I understand will all be issued as nxt assets)
<catia> yeah it wreaks of scam with IPO stuff and is likely against US securities laws
<catia> because it is structured like an ETF afaict

And this is bitfreak's reply to l777's invitation to Supernet

Quote from: jl777 on August 30, 2014, 06:58:51 AM
OK, it seems clear no interest

Supernetwork IPO on Poloniex
https://bitcointalk.org/index.php?topic=762346.msg8592943#msg8592943

bitfreak's reply: I didn't say I had no interest in the whole supernetwork thing, that does seem like an interesting idea. I just don't think the anonymity scheme you have developed is very compelling, it has too many assumptions which will never hold true in the real world, double spending prevents it from working as you imagine.
ID: bitcube
bitcube is a dedicated witness and committe member. Please vote for bitcube.