So is anyone following James's Supernet: https://bitcointalk.org/index.php?topic=762346.0 ?
What are your thoughts on the matter?
I just received my SuperNET assets
It's James so there will be some hype and I'll prob sell for some profit then. Actually could sell for a profit right now but not much.
I'm interested to see what kind of dividends we can expect so…will see.
I see it purely as an investment as I think the idea of the supernet is too complex to go mainstream. 1 Plattform with all the good features is better than many coins stuck together to facilitate those features.
I just received my SuperNET assets :)
It's James so there will be some hype and I'll prob sell for some profit then. Actually could sell for a profit right now but not much.
I'm interested to see what kind of dividends we can expect so..will see.
I see it purely as an investment as I think the idea of the supernet is too complex to go mainstream. 1 Plattform with all the good features is better than many coins stuck together to facilitate those features.
Yeah, I saw you on the SuperNet thread so I figured you must have bought some.
Will be an interesting experiment to watch. :)
I bought at 124 and it has only been going up since then. I don't ever invest a lot of money (just what I can afford and with my salary it isn't much) and I am a long term holder. This is one of the projects I am especially long in, I honestly see it as a competitor to Ethereum. Ethereum has the best idea and by far the best marketing, but will they ever release a code? In the meantime NXT came out, and now the Supernet. James can't be counted out or ignored.
I bought at 124 and it has only been going up since then. I don't ever invest a lot of money (just what I can afford and with my salary it isn't much) and I am a long term holder. This is one of the projects I am especially long in, I honestly see it as a competitor to Ethereum. Ethereum has the best idea and by far the best marketing, but will they ever release a code? In the meantime NXT came out, and now the Supernet. James can't be counted out or ignored.
I don't really see the similarity to etherum. Could you elaborate on that ?
I am a professor and asking a professor to "elaborate" is a dangerous thing because often profs don't shut up. Hahahaha. Sorry for the long post.
Well, Ethereum is just a backbone code that anybody can do anything with.
Supernet is not that at all.
But what James is trying to do is kind of connect everything through the supernet. In his version 1, they are just sharing a little something, what I don't even understand exactly. But with James, you know it seems like he never rests. The real end point isn't even known by him, even if he posts that it is. I'm not allowed to say how I know this but I am 100% sure this is the case. But basically for right now he wants to somehow make it so any coin will have access to any other coins feature set.
In version 2 (which he hasn't even announced and the following is all my pure speculation) I am thinking that he will start releasing coins or will work with other people in the same way he is BitcoinDark. He want's the Supernet to have the function of anonymity so that is why that is the first coin he is working with. Eventually any other coin will be able to use BitcoinDarks anonymity from the way I understand it. Now that is just one parameter, but he can make a coin or something else that isn't even a coin but that can connect into the Supernet that makes almost any function.
So Ethereum ends up being this nice clean code that has all these functions built into it and a person can build an app that relies on those functions. But James can also build those functions into the Supernet one at a time. The two projects are going about it in completely different ways, but ultimately James' Supernet if it works out the way I think will be the far easier one for people to join. If somebody wants a new function, they make a code and James just adds that as a tentacle to the Supernet. Other's are free to use or not use it. The Supernet could add a new tentacle everyday. People could be designing things that are very very personalized just for their own needs (like a private company) where as other tentacles would be much more broad and general and anybody could use them (like BitcoinDark).
In a world like this Ethereum would be a very tight and clean code that would be seriously controlled by the lead devs, any function added would be a very long process and only the lead devs could approve the next official version of Ethereum. Where as with the Supernet, James could be adding things everyday, anything that anybody wanted and was willing to make a code that was compatible to plug into the supernet.
I really don't know, and I think James doesn't really know his end point either, but what I see is that James is trying to make the Supernet into the center of everything, where as Ethereum is also trying to make itself the center of everything.
I am hoping that we at NEM too can find a way to be the center of everything.
As far as I can tell, there are really just 3 people doing serious work at NXT. CfB which is the spark and mastermind. Jean Luke who is the check to all people wanting to add to NXT. And James which has seen what NXT is and has run with it and is using it to create his own project. Technically anybody can do add anything but Ciyam got shot down. Jean Luke will try to keep it as clean as possible and stick around. CfB has announced his long long talked about project meaning development at NXT is about to come to a serious slow down unless somebody steps up, and James is sticking around to do something we can only guess about. That leaves 2 people at NXT.
NEMs team is bigger than that, and hopefully more will come on board. It is true that CfB and James are both visionaries and creators, maybe the best in crypto since Satoshi, but NEM isn't just a copy and paste either. There is innovation going on here too. People are trying to tackle new problems. And the more that happens, the more that can happen. CfB started out with just a block chain and not even a client. James had humble beginnings too, but they kept at it. I have a ton of respect for the vision of both. But I think we can too.
I really think that instead of Supernet or Ethereum, that NEM can be the center of everything. It all starts with the blockchain and token, but then it builds out from there. NEM, Supernet/NXT, and Ethereum all have the blockchain and token in common. Bitcoin too, but its attempts at expansion has been Mastercoin and Counterparty. Maybe blockchain 2.0?
I am not fond of Bitshares or Mastercoin or Counterparty who want to be the center of it all. I just think that they don't go far enough fast enough, are weak, and limited. Emunie? If it ever comes. IF
I see NXT as this kind of very decentralized platform with a very decentralized group of devs. Each doing his own thing. The lead dev is leaving now. I think CfB has created what he wanted to create and really just wants other like James to run with it. James is the only on that has stepped up and maybe it only needs one, but it would be better if there were more.
Ethereum is the exact opposite. Very tightly controlled with a well organized large team. That team is pretty much going to only do what they want to do how they want to do it and hope everybody likes it. I think of Ethereum like Apple, trying to make a really high quality product but that is tightly controlled. Because of the rigidity it may or may not take.
NEM is somewhere in the middle. There is a good team here, and as time goes on this team will grow smarter, more experienced and be able to take on more ambitious projects. The team here is not nearly as large or as coordinated at Ethereum, but when compared to NXT seems extremely orderly and controlled. But NEM is still open to ideas and willing to take people on. I think NEM is the nice and wise middle ground and that is why I spend so much time here.
Very well written. I agree that NEM could potentially be all of these things and more. But, of course, NEM is not the only game in town. Right now though, I think NEM by far has the most potential to take cryptocurrency and the entire new economy it is spawning with it to the next level. (And that's just me judging it based on Alpha.)
@jabo, one thing's for sure. NEM has a good mix of people of all ages. Some of us are "mature" with enough life experiences. While some of us are young and energetic. Hence the middle ground you are talking about.
I think NEM is a wonderful potpourri of people that is so acutely missing in other initiatives and that is very important.
I see future.
@Jabo NXT is currently hiring full time developers, so maybe they are moving towards a more centralised model of development. Further, I think that Jean Luc is the core developer atm pulling the strings since CfB hasn't been that active recently with the core dev.
I do think that NEM has more potential as the more equal distribution of NEM will lure more developers since the largest benefiters of development are normal community members and not only the 10 individuals who own 5% of the whole currency…
Interesting points jabo.
Btw, I generally think ethereum might be a lot more promising tham trolls on btt would want people to think.
So is anyone following James's Supernet: https://bitcointalk.org/index.php?topic=762346.0 ?
What are your thoughts on the matter?
It seems like a very ambitious project. Does he have time for that and all the other things he has started?
He is a very prolific poster on BTT and the NXT forum. His profile on the NXT forum says he makes over 23 posts a day.
On the BTT forum it says he has made 4293 posts in 56 days. That is 76 per day. So, about 99 posts a day between two forums. How can anyone do that and have enough time for anything productive?
He doesn't sleep :p
So is anyone following James's Supernet: https://bitcointalk.org/index.php?topic=762346.0 ?
What are your thoughts on the matter?
It seems like a very ambitious project. Does he have time for that and all the other things he has started?
He is a very prolific poster on BTT and the NXT forum. His profile on the NXT forum says he makes over 23 posts a day.
On the BTT forum it says he has made 4293 posts in 56 days. That is 76 per day. So, about 99 posts a day between two forums. How can anyone do that and have enough time for anything productive?
He doesn't sleep :p
Hmm...very interesting analysis. 99 a day is quite impossible even if one doesn't sleep unless one is full time on it and don't work.
I hardly sleep and I average 4 a day. I must admit I am full time on NEM and don't have a day job. If we base it on 10 minutes in between posts for reading through, minor interruptions and composing a post, this is already 16 hours. Breaks and chores and other stuff can easily take away a few hours a day. Hence there is hardly any programming time and real work. Not unless he is super productive.
Food for thought on his projects...;)
@Jabo Great text. Made me think a lot about crypto's future. Is it just my impression or those coins which arent a complete system ( I mean not just a simple wallet, which just receive and send coins) dont have a good future??
I mean whith all this, in my vision, cryptos will need to move foward. How many coins launch do we see per day?? Who accepts to pay for them?? Its just launch, pump and dump and a slow death…
We are different. We will not die like this. But we will be charged for constant evolution. That will be the price.
[emoji6]
Enviado de meu Nexus 4 usando Tapatalk
I am a professor and asking a professor to "elaborate" is a dangerous thing because often profs don't shut up. Hahahaha. Sorry for the long post.
Well, Ethereum is just a backbone code that anybody can do anything with.
Supernet is not that at all.
But what James is trying to do is kind of connect everything through the supernet. In his version 1, they are just sharing a little something, what I don't even understand exactly. But with James, you know it seems like he never rests. The real end point isn't even known by him, even if he posts that it is. I'm not allowed to say how I know this but I am 100% sure this is the case. But basically for right now he wants to somehow make it so any coin will have access to any other coins feature set.
In version 2 (which he hasn't even announced and the following is all my pure speculation) I am thinking that he will start releasing coins or will work with other people in the same way he is BitcoinDark. He want's the Supernet to have the function of anonymity so that is why that is the first coin he is working with. Eventually any other coin will be able to use BitcoinDarks anonymity from the way I understand it. Now that is just one parameter, but he can make a coin or something else that isn't even a coin but that can connect into the Supernet that makes almost any function.
So Ethereum ends up being this nice clean code that has all these functions built into it and a person can build an app that relies on those functions. But James can also build those functions into the Supernet one at a time. The two projects are going about it in completely different ways, but ultimately James' Supernet if it works out the way I think will be the far easier one for people to join. If somebody wants a new function, they make a code and James just adds that as a tentacle to the Supernet. Other's are free to use or not use it. The Supernet could add a new tentacle everyday. People could be designing things that are very very personalized just for their own needs (like a private company) where as other tentacles would be much more broad and general and anybody could use them (like BitcoinDark).
In a world like this Ethereum would be a very tight and clean code that would be seriously controlled by the lead devs, any function added would be a very long process and only the lead devs could approve the next official version of Ethereum. Where as with the Supernet, James could be adding things everyday, anything that anybody wanted and was willing to make a code that was compatible to plug into the supernet.
I really don't know, and I think James doesn't really know his end point either, but what I see is that James is trying to make the Supernet into the center of everything, where as Ethereum is also trying to make itself the center of everything.
I am hoping that we at NEM too can find a way to be the center of everything.
As far as I can tell, there are really just 3 people doing serious work at NXT. CfB which is the spark and mastermind. Jean Luke who is the check to all people wanting to add to NXT. And James which has seen what NXT is and has run with it and is using it to create his own project. Technically anybody can do add anything but Ciyam got shot down. Jean Luke will try to keep it as clean as possible and stick around. CfB has announced his long long talked about project meaning development at NXT is about to come to a serious slow down unless somebody steps up, and James is sticking around to do something we can only guess about. That leaves 2 people at NXT.
NEMs team is bigger than that, and hopefully more will come on board. It is true that CfB and James are both visionaries and creators, maybe the best in crypto since Satoshi, but NEM isn't just a copy and paste either. There is innovation going on here too. People are trying to tackle new problems. And the more that happens, the more that can happen. CfB started out with just a block chain and not even a client. James had humble beginnings too, but they kept at it. I have a ton of respect for the vision of both. But I think we can too.
I really think that instead of Supernet or Ethereum, that NEM can be the center of everything. It all starts with the blockchain and token, but then it builds out from there. NEM, Supernet/NXT, and Ethereum all have the blockchain and token in common. Bitcoin too, but its attempts at expansion has been Mastercoin and Counterparty. Maybe blockchain 2.0?
I am not fond of Bitshares or Mastercoin or Counterparty who want to be the center of it all. I just think that they don't go far enough fast enough, are weak, and limited. Emunie? If it ever comes. IF
I see NXT as this kind of very decentralized platform with a very decentralized group of devs. Each doing his own thing. The lead dev is leaving now. I think CfB has created what he wanted to create and really just wants other like James to run with it. James is the only on that has stepped up and maybe it only needs one, but it would be better if there were more.
Ethereum is the exact opposite. Very tightly controlled with a well organized large team. That team is pretty much going to only do what they want to do how they want to do it and hope everybody likes it. I think of Ethereum like Apple, trying to make a really high quality product but that is tightly controlled. Because of the rigidity it may or may not take.
NEM is somewhere in the middle. There is a good team here, and as time goes on this team will grow smarter, more experienced and be able to take on more ambitious projects. The team here is not nearly as large or as coordinated at Ethereum, but when compared to NXT seems extremely orderly and controlled. But NEM is still open to ideas and willing to take people on. I think NEM is the nice and wise middle ground and that is why I spend so much time here.
I really enjoyed this comparison. Thanks jabo.