Newsletters

James is coding.
I will post the SN Newsletters here, and you''re free to discuss.

For those who like to watch:
Follow on http://coinmarketcap.com/assets/supernet-unity/

For those who like to trade:
SuperNET is traded on https://poloniex.com/exchange/btc_unity
On https://bter.com/trade/unity_btc. And on Nxt AE (asset ID: 12071612744977229797). http://www.secureae.com.  

For those who'd like to join:

Coin representatives: Please send your application to join SuperNET CORE to coins@thesupernet.org

And for those who like to know what coins and features are added, what dividends are paid and what innovations are made - do bookmark this thread.

[edit]:

SuperNET Slack
http://chat.supernet.org for chat and signup.

NXTER.ORG
for CORE coin PR's, features and development updates. http://nxter.org/category/supernet/

SuperNET Newsletter #2

First published on 07.10.2014

Chinese.
   
Welcome to the second SuperNET Newsletter!

A week is a long time in cryptocurrency, and never has this been more true than for SuperNET. This last week has seen a flurry of activity, with a series of new companies and services being added to the project. Additionally, there have already been unexpected dividends, with several more now expected in the coming month. As a result, SuperNET is slowly but steadily gaining in price and looking forwards to a very bright future.

Topics

SuperNET & UNITY
Asset Dividends paid
- NeoDICE
- NXTinspect
Pre announced dividends
- SNN
- BOOST
- 2 more TBA
Other assets and services
- ATOMIC
- Freemarket
- CORE services
- SuperHODL account
MyNXT.info
SuperTraders
Supernet.org
SuperNET logo
SuperNET Volunteers
SuperNET CORE coins
Development update
SuperNET related links

SuperNET & UNITY

SuperNET UNITY can be traded on BTer, NXT Asset Exchange and now on Poloniex.
BTer has automatically exchanged all TOKEN for UNITY (the ticker symbol for SuperNET). No further action is required by assetholders. Also withdrawal of UNITY has now been enabled.

On the NXT Asset Exchange (AE), a manual process was created. Most TOKEN has now been exchanged for SuperNET, but if you have not done so already, you should redeem your TOKEN. TOKEN does not pay dividends and was only created to simplify the issue process for SuperNET.

To redeem your TOKEN on Nxt AE, transfer it to NXT-7Y5B-J8LQ-SL5P-3ULFL.
It will be exchanged for SuperNET. This is a manual process and will not take place instantly but within 24 hours, so please be patient.
 
Asset dividends paid
In an unexpected but welcome development, SuperNET has started paying dividends in the form of assets in new companies with which it has formed partnerships and acquired a stake.

neoDICE

The first dividend was neoDICE - a re-creation of the legendary blockchain betting game SatoshiDice, a Bitcoin-based game which achieved immense popularity but fell from favour when it began requiring confirmed rather than unconfirmed transactions, thereby delaying gameplay.

Like SatoshiDice, neoDICE uses a provably fair blockchain-based system but includes a solution to avoid the delays caused by requiring confirmations. It is hoped that this game will capture a significant proportion of SatoshiDice’s former market - but for NXT.

NeoDICE (Nxt asset id 18184274154437352348) should be in testing mode within a month and will pay dividends in NXT from its profits. 100 percent of neoDICE assets were distributed as follows:

5 percent SuperNET dividend
5 percent NXTventure dividend
5 percent jl777hodl
40 percent Privatebet
45 percent Developers & maintainers

For every hundred superNET, assetholders received 6.127 neoDICE.
Further details can be found here.

After the dividend distribution James notes:

### NeoDICE traded as high as 62 NXT each before settling down to 40 NXT bid/50 NXT ask, so the dividend was worth 2.5 NXT to 3 NXT, which on ~200 NXT [SuperNET] price makes it a 1% to 1.5% dividend.’
###

NXTinspect

The second “surprise-dividend” was NXTinspect.

NXTinspect is a community-driven initiative designed to provide investors with the necessary information to make informed trading decisions. ‘Our service looks to promote legitimate assets, while highlighting suspicious activity/scams.’

NXTinspect's IPO offer was for 300,000 asset tokens, which is 30 percent of all NXTinspect assets. James bought 250,000 of them (25 percent of the total), using NXTventure funding. However, since NXTinspect will be auditing James’ assets, there is a clear conflict of interests here. James writes:

### I invest in good people, and they are all good people. When I see good trades, I just automatically click, click, done. So I didn’t even think about the potential for looking like conflict of interest.

However, it seems there could be an appearance of conflict since I am involved in dozens of different projects.

I want to use NXTinspect services and clearly it won’t have much value if there is this appearance that I am having some sort of undue influence over them.
###

The upshot was this:

5 percent to jl777hodl
5 percent for SuperNET dividend
5 percent for NXTventure dividend
10 percent sold on NXT AE at 2.5 NXT each
As soon as the AE assets were sold, the dividends were processed. Sales on the AE would offset any losses to James from the dividends issued, so the process was broadly break even for him. After this, James holds no NXTinspect, other than the indirect gain of jl777hodl NAV and whatever goodwill SuperNET and NXTventure assets gain from this dividend. For more information, see here. Dividend payout details can be found here.

Dividend distribution
The dividends were successfully distributed. Those with assets on BTer and Poloniex have received their dividends in their exchange accounts, and AE dividends have been issued directly to holders’ Nxt addresses.

As previously announced, investors who hold unredeemed TOKEN did not receive the dividend.

The leftover neoDICE assets were given to valarmg, in return for the work he has done in creating and running the redemption and dividending scripts. These unclaimed neoDICE assets equalled around 1,500 or 3 percent of total dividend payout.
 
Pre-ANN asset dividends
A new series of assets and dividends are already in the pipeline and will hopefully be released by the end of October. These are:

SNN (SuperNET News Network), asset ID 15113552914305929842. SNN is planned to be ‘the SuperNET of crypto news: a ‘community owned and operated media outlet, with stories and content written by a wide range of contributors about crypto technologies and markets.’ 75 percent of SNN revenues will be distributed to assetholders. Revenue sources include advertising, subscriptions and pay-per-view, and ‘since this follows a more normal web inventory, it will allow the establishing of ad sales prior to having the SuperNET GUI monetized with ads.’

BOOST (asset ID 9719950459730291994) is a startup incubator that provides zero-interest loans for new NXT companies and will have close links with NXTventure, both in funding and adopting new companies. It will act as a conduit for small companies that want to become a qualified NXTventure listing.

Two further assets are on the way. One is described by James as ‘pretty normal, except it is building on top of an existing asset to help it reach a rather large market.’ The second, however, is ‘a new type of asset... This will create a new way to solve a common problem in the crypto world and I am happy to be involved in this asset.’

These are all exciting new developments and highlight the activity that is going on. These four dividends could be issued in October - though as ever, there are no guarantees of timescales and dividends will be announced as they happen. Investors are encouraged to do their own due diligence before purchasing further assets.
 
Combined dividends
NXTventure and SuperNET will be releasing combined dividends.

NXTventure has proved a highly popular asset. Its purpose is to fund promising new enterprises in return for a proportion of their assets. These are dividended out to NXTventure shareholders.

Whilst this will reduce the number of shares dividended out by NXTventure due to sharing with SuperNET, the publicity and funding of SuperNET will on the other hand bring a much greater number of companies into the space. There will not be a full overlap between the dividends offered by NXTventure and SuperNET. As James puts it:

###
There will probably be 4x more assets in the pipeline. (....) I expect that NXTventure will have some smaller assets that will be dividended that won’t have a SuperNET counterpart. There will also be some special assets that would only be SuperNET dividends.
###
 
Other SuperNET assets and services

ATOMIC

ATOMIC (asset ID 11694807213441909013) is a new service designed to enable 100% decentralized trading for all coins and assets on a single blockchain. It will be integrated into the core of SuperNET.

100% transparent and public ledger backed exchanges across blockchains (trading of any asset or any coin)
Transactions from one blockchain to another will be as fast, if not significantly faster than any existing centralized method of exchange.
The ability to spend any coin, anywhere (ex: ATOMIC will allow users to spend NXT at a store which only accepts payments to a BTC wallet) without having to wait for a deposit, confirmations, exchange, withdrawal, more confirmations and then finally spend the coins.
ATOMIC will take the form of a DAC (Decentralised Autonomous Corporation). It will be open source and run transparently, with direct community involvement. ‘Once a critical mass has been reached it will become a full DAC with no central points of failure, agenda, laws or anything else that could slow it down. Initial versions will probably not be a fully automated DAC’.

Read the documentation here.
You can find out more about ATOMIC in the announcement thread on bitcointalk.
ATOMIC is listed on coinmarketcap.com. ATOMIC official website: http://atomicdac.org.

James writes:

### The fees on the ATOMIC network will serve to reward both the miners and asset holders. The standard transaction fees required by blockchain technology will be rewarded directly to the miners.

The asset holders will receive dividends in the form of the accumulation of non-Atom transaction fees. For example if user A with Bitcoin wants to send money to user B who only wants Litecoin, user A will pay a tiny fee in Bitcoin to a special address that will initiate the exchange. Due to the nature of the ATOMIC network, the exchange requires that the user also have enough Atoms in their wallet to cover the transaction fee to the miners.

This process gives the power to set the price of Atoms to the nodes on the network while also rewarding asset holders directly with fees collected by the exchange process.
###

Freemarket

Freemarket (asset ID 134138275353332190) is a decentralized physical goods store (similar to a decentralised eBay). 20% of FreeMarket listing fees (7.77 NXT) will go to SuperNET, counting from 2015. Freemarket will have no fees for the rest of 2014, other than the the 1 NXT listing fee and 1 NXT confirmation fee. Freemarket will be released on October 12.

Some advantages over options like eBay:

No need to register and give up any personal information
No third-party payment processor
Fees are low; No fee in 2014, thereafter a listing fee set at 7.77 NXT, about 10 NXT once you include fees for NXT AMs
The NXT blockchain makes FreeMarket resistant to takedown
No centralized servers anywhere; FreeMarket does not require centralized administration
Allows for unlimited, buyer-selectable shipping options, each with a separate fee
Messages between buyer and seller, as well as shipping address and shipping method, are encrypted
Items can be searched by category and up to 3 optional tags, as well as item title, seller ID, and item ID
Sellers have the option of accepting or rejecting a sale
Listings can be canceled
This is just the first version. Additional information can be found in the ANN thread.
Freemarket is listed on BTer and on coinmarketcap.com. Official website: Nxtfreemarket.com.

In addition to these new arrivals, the SuperNET core will contain:

Teleport. The privacy technology that underpins BitcoinDark (BTCD).

InstantDEX enables near real-time trading between cryptocurrencies.

Tradebots (NXTcoinsco) enables the creation of custom decentralized tradebots.

SuperNET card will support anonymous withdrawal of NXT and other SuperNET coins.
This is due for launch by Coinomat in the coming weeks.

NXTprivacy holds a series of privacy-related assets, including 50 percent of PrivateBet.

PrivateBet will be designed to support P2P betting and casino games. PrivateBet owns 40 percent of neoDICE.

neoDICE is similar to that of the legendary satoshiDice, with a few differences, the most important one been the near realtime processing of the wagers. Beta testing starts mid October.

Sharkfund0 is a trading fund that aggressively targets high-performing assets.

Targeted advertising similar to Google’s AdWords will allow website administrators to serve adverts directly to the cryptocurrency community, with revenue being returned to SuperNET participants.

You can read additional information about the above services in the SuperNET ICO document.
 
SuperHODL

To keep track of the SuperNET assets holdings, a new account and asset has been created. SuperHODL: asset no. 13120737659249432970, account NXT-USU4-92UY-KEYT-4H649. This is simply an accounting convenience to segregate authorised but non-disbursed funds.

‘SuperHODL is a 100% owned subsidiary of SuperNET and is really just a way to keep things separated. Maybe down the road some of it would be put on the market, but no plans for that now.’
 
MyNXT.info

As was announced in last week’s newsletter, SuperNET is investing in an online wallet site. Now that funding has been agreed, further details can be given. James writes:

### SuperNET invested in mynxt.info, a long time NXT company with online wallet, mobile app, block explorer, etc. Over the coming months mynxt will be working on integrating their services into the SuperNET GUI.
###

This is a very promising move for SuperNET, since a significant proportion of users prefers to use a web wallet than a downloadable client.

SuperTraders

With the end of the ICO, the SuperTraders are now active. SuperTraders are a team of cryptocurrency traders with a proven track-record of returns. Their aim is to increase SuperNET’s NAV through trading on different exchanges. (In other words, their activity is predominantly intended to increase the value of the SuperNET asset directly, rather than to generate dividends.)

The SuperTraders receive a maximum of 10 percent of SuperNET’s working capital, or around 570 BTC. Their capital will be awarded incrementally as they increase their own bankrolls through successful trading, thereby increasing confidence and limiting downside risk. Each time they increase their bankroll by 50 percent, SuperNET also increase their available funds by 50 percent. The aim is to allocate the largest bankroll to the SuperTrader with the largest and most consistent gains.
 
Supernet.org

We managed to get the domain supernet.org!

SuperNET logo

The logo is created by 'ether'.

The color scheme has been voted on, and the final version is:



Coming soon:
Different background styles (faded symbol, galaxy sucking-all-FIAT shape, etc.)
HD Wallpapers
Twitter/Facebook official account themes
Badges for forum members and other goodies (this one will be on request)
 
SuperNET Volunteers

Feel free to join the community on forum.thesupernet.org.

If you would like to help SuperNET, please fill out this short questionnaire:
https://docs.google.com/forms/d/1T1U96Rxb4Q92vSRzh-HshEOyTQWtbfhXITdOliooqIk/viewform

SuperNET CORE coins

Here’s a summary of the SuperNET’s official core coins: NXT, BTCD and BBR.

Any addition of new core coins will be announced in this newsletter and on SuperNET forum.
Coin representatives can send applications to join SuperNET CORE to coins@thesupernet.org.

NXT is the ‘2.0’ cryptocurrency that powers much of SuperNET’s backend crypto functionality. The asset exchange, Multigateway (for distributed crypto trading), alias system, even the GUI behind the new wallet - all of these are built on the ‘NXT Inside’ approach. As the leader in these 2.0 features and services, NXT is the natural choice for SuperNET. It makes perfect sense to leverage this functionality whilst rewarding the NXT community for their continued support and further development of the key tech.

BitcoinDark (BTCD) brings Teleport to the SuperNET table. At its very simplest, Teleport is the anonymity protocol that underpins BTCD. However, it offers far more than privacy. Teleport is a complete ecosystem for making anonymous cryptocurrency transactions, right down to the level of hiding users’ IP addresses from attackers.

Teleport uses one-time addresses called telepods to transfer standard denominations of funds (100, 50, 10, 5, 1 etc) to a new recipient. The use of fixed amounts avoids correlating sender and recipient if the quantity is distinctive (a transfer of $500 would currently be 129.19896640 BTCD, which would be instantly recognisable). Several other tricks such as random delays will make it almost impossible to correlate transactions on the blockchain.

The network of privacyServers will not only shield users from prying eyes, but will form the communication infrastructure for SuperNET - enabling them to exchange information of all kinds securely and anonymously. You can read more about Teleport in this article: http://nxter.org/a-closer-look-at-teleport/.

James has announced a 1000 BTCD bounty to anynone who can attack and deanonymize Teleport.

Teleport is currently nearing beta-testing. It will permanently be available for free to BTCD, and will initially be free for other cryptocurrencies. From 2015 it will begin to charge small fees for non-SuperNET coin transactions. Bitcoin alone opens a potential market over a thousand times larger than BTCD’s own current market cap.

Boolberry (BBR) offers additional anonymising features to provide an extra layer of privacy. Boolberry is based on CryptoNote, an implementation of ring signatures. Ring signatures provide a good level of privacy but generally do so at the expense of blockchain bloat. This raises questions about the long-term sustainability and user-friendliness of CryptoNote coins. Additionally, there are circumstances under which anonymity may be lost, but Boolberry’s lead dev has come up with an innovative way of avoiding this problem, as well as reducing bloat. You can find out more on the bitcointalk BBR thread.

Development updates

The CORE technology for SuperNET is nearing beta and is currently being tested with about a dozen live servers. ‘While it is not working perfectly, the bugs found so far do not seem so serious. As soon as the low level networking is solid, it will be possible to complete the higher level applications like Teleport, Tradebots, etc. Also, the API can be opened up for other coins to use and to implement their own special features.’, James writes - and continues:

### I finished debugging all the DHT calls. Ended up adding data compression to the loop, along with out of band binary data beyond the JSON in the onion packets. Also, a lot more difficult that I thought it would be, but finally got all packets to be the same size, thus removing a leak of info about the type of commands you are sending.

I implemented a variant of http://www.cs.rice.edu/Conferences/IPTPS02/109.pdf, using 64bit NXT addresses for the hash, eg. least significant 64bits of sha256. collision resolution is something for a layer above this level to do. I plan to add some simple file API on top of this so we can get a nice decentralized storage along with sending of files.

Of course all this is under heavy encryption, but still the IP addresses are not shielded yet. The sendmessage API appears to be working in simple topologies, should work with more layers, but need a larger network to test this.

./BitcoinDarkd SuperNET '{"requestType":"sendmessage","dest":"<nxtaddress>,"msg":"<text of message>","L":<maxonionlayers>}'

Using the sendmessage api, it should be pretty easy to make an encrypted chat application.

I have a dozen other API calls already done and they worked in loopback mode, so I hope before long we can get a nice set of API functions released and tested.
###

Multigateway

James:

### I ported the MGW code into SuperNET API so to add a bitcoin compatible coin is as follows:

{"name":"BTC","conf":"/home/ubuntu3/.bitcoin/bitcoin.conf","asset":"4551058913252105307","rpc":"127.0.0.1:8332","clonesmear":1,"minconfirms":3,"estblocktime":600}

Once such an entry is in the .conf file the SuperNET code can access a coin and do whatever logic the application layer (like Teleport) will use. More a matter of testing than developing.

For non-bitcoin compatible coins, some glue code will need to be created to implement the functions that the SuperNET applications will require. Still compared to the total work, it is a small fraction, so basically any coin can be supported with some interface work.
###

### There comes a time when a project needs to stand on its own two feet and not rely on its founder anymore. For MGW, that time is now. it will work much better when all of MGW is NOT centralized through me. I am running all three MGW servers, which is not its design. It also means three times the work to keep them up to date, synchronized, etc. There have been production servers "almost ready" for over two months now and I have to hand off the MGW.
###
 
SuperNET related links

Supernet Forum
https://forum.thesupernet.org

Follow SuperNET news
https://twitter.com/Jl777News
http://jl777news.tumblr.com/
https://www.facebook.com/pages/Jl777/688097541246130?ref=stream

SuperNET related projects:

Coinomat
https://coinomat.com

SNN
https://forum.thesupernet.org/index.php?topic=118.0

Neodice
https://nxtforum.org/nxtventures/(pre-ann)-neodice/

Freemarket
https://nxtforum.org/nxtventures/freemarket-official-thread/

Atomic
https://bt.irlbtc.com/view/780833.0

ShortUNITY
https://nxtforum.org/assets-board/shortunity/

Prediction Markets

https://www.fairlay.com/predict/registered/new/supernet-in-top-10-of-coinmarketcap/
https://www.fairlay.com/predict/registered/new/supernet-in-top-5-of-coinmarketcap-before-2016/

Affiliated websites (revenue sharing or partial ownership)

http://bter.com
http://coinomat.com
http://nxtfreemarket.com
http://yourwebsitecanbehere.com

Author of SuperNET newsletters: NXTER MAGAZINE: http://nxter.org

Could you post a list in one of your reserved spots of the coins which have already joined?

That way you can update it as more are added.

I wanted to have the "old" newsletters there (old like in 3 weeks old). 

And didn't want to risk a three pages FUD explosion before having the chance to post them. Now we're up to date. Next newsletters will be posted below. 

SuperNET Newsletter #4

Link: http://eepurl.com/6o40P
or http://nxter.org/supernet-newsletter-4/

[EDIT]: Chinese

Welcome to the SuperNET newsletter!

The past week has seen some exciting developments on the tech front, including Telepathy: James’ system for communicating so securely that even the sender doesn’t need to know who the recipient is! Since it has been a relatively quiet week in terms of new companies joining SuperNET, we want to take the opportunity to explain a bit more about the components and initiatives that make up SuperNET, knowing that many investors are still uncertain about various aspects of these. But first… a few announcements.

Topics

Chancecoin
SuperTraders
VRC funding request approved
NxtInside
SuperNET Client GUI
BTCD and SuperNET
BITS ATM
Code review and Telepathy
API calls and testing
SuperNET related links

Chancecoin

Chancecoin betting is planned to be integrated into the SuperNET GUI.

[Funds Request]

James:
### whale has negotiated 25,000 CHA for 11.25 BTC, there are only 516,530 CHA total from its burn period.
chancecoin is a microcap, but with interesting tech and we plan to integrate CHA betting into the SuperNET GUI
###

Chancecoin is built around feedless, trustless betting, using New York Lottery Quick Draw numbers to resolve bets. Quick Draw numbers are drawn every four minutes, every day of the week. The drawing selects 20 numbers randomly from a pool of numbers 1 through 80, without replacement. A bet seen in the blockchain is resolved based on the first set of Lottery Quick Draw numbers that are published strictly after the block is mined, so it is not possible to game the system by waiting for favorable lottery numbers. Chancecoin is a coin and a casino. The casino features classic dice betting and poker.

Adding CHA to uMGW (Multigateway) is being looked into.

SuperTraders

[SuperTrader funds transfer notice]

Half of the SuperTrader funds will be transferred from BTer to Bittrex. Prices have recently dropped significantly across most of the altcoin market and this is impacting the stability of the core coins for SuperNET.

James:
### The plan is to stabilize the prices with market actions and to provide inventory during supply demand imbalances. Over time, the gap between the buying and selling will also provide some gains.
###

### In a bear market where drops of 30%+ for a lot of other crypto (including BTC itself for a time!) SuperNET is trading within 5% of the ICO price. Granted it is down from the post ICO peak but no more than all the other cryptos

I work to increase the value.
I rely on the market to eventually reflect the value
So there is no active pump campaign as that is counter to my philosophy.

When the market realizes SuperNET tech is going to work and revenues will start flowing, then the price will catch up to the value.
###

VRC funding request approved

The funding request announced in the last newsletter is approved.

VRC has committed to making a cloud storage GUI for SuperNET that allows users, companies and other coins to rent out HDD space to the cloud. James wants to provide a 50/25/25 revenue share from the cloud storage split between the user/VRC/SuperNET, so SuperNET users can monetise their unused HDD, VRC will create a revenue stream for their holders and SuperNET will gain a new revenue stream and increase its overall userbase.

5389.16 SuperNET assets from working capital has been swapped for 538,916 VRC, and 100 BTC is released for open market purchases to get close to the target level of 10% stake in VRC.

NxtInside



‘NxtInside’ is a Nxt initiative that aims to make the platform’s 2.0 capabilities available to other cryptocurrencies. The name was originally suggested by jl777 to reflect the development and integration of Nxt core components into BitcoinDark (BTCD), as a first example, and hopefully other coins as time goes on. SuperNET - which uses many of Nxt’s key functions, such as the Asset Exchange and services built on top of Nxt, will be the prime case for NxtInside. The approach is similar to the ‘Intel Inside’ campaign, in which other companies (including Apple) use Intel chips to power their devices, thereby extending Intel’s brand reach far beyond their own hardware.

Casual end users will get lots of 2.0 crypto features but might not even notice that it is powered by NXT. Their public coin address will be linked to a NXT address “under the hood”, so they can login just by using a link in their coin’s client. This is fully in the spirit of what Nxt is designed to be.

VanBreuk writes, ‘SuperNET is most likely the biggest initiative and the best example of development using Nxt we have currently. Other services, websites and applications like SecureAE, Nxtty or Lith, to name a few, are also examples for NxtInside branding.’

IMPORTANT NOTICE: There is no NxtInside asset offered on the Asset Exchange. Any assets named ‘NxtInside’ or similar that claim to fund or benefit from this initiative are false.

SuperNET Client GUI

BTCD and SuperNET are both members of the NxtInside programme (read more on how BTCD and SuperNET are linked below). longzai1988 is currently working on the SuperNET GUI, which will be based on the NXT GUI. QT clients will have an ‘Enter SuperNET’ button, which will open SuperNET in a browser and auto-login for the user. The GUI can be customized for each coin.

longzai is currently working on integrating Coinomat features into the SuperNET client. These 4 currencies are working correctly by the time of writing: NXT, BTC, LTC, PPC. Here is a sample screenshot:



BTCD and SuperNET

Questions have been raised about the exact link between BTCD and SuperNET. The confusion is understandable given the large overlap of technology and key people working on each. SuperNET could not work without the infrastructure offered by BTCD, in the same way it could not operate without Nxt’s 2.0 functionality. Analogies are often more powerful than explanations:

Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might want or need. Stores, selling anything you could ever hope to buy. Exchanges, financial services and trading posts. Casinos and other entertainment centres. News and information outlets. These are like the services offered by SuperNET. Incredibly, although the cryptocurrency world offers so many remarkable businesses, no one has thought to link them before. They are just a set of isolated organisations, operating in their own niches, or competing with each other.

BTCD is like the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure comms links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything - and do so in complete privacy.

To complete the analogy, Nxt is the sophisticated engine that gets you around this network of roads and to the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around in SuperNET - the whole Super Network of integrated coins and innovative services.

So how might it look in practice?

In the following example (thanks to Este Nuno and mackowski for this concept) you’ll need the BTCD wallet that longzai is working on to access SuperNET. The good news is: That’s it. Everything is held inside it. That’s the whole point of SuperNET - UNITY.

You’ll click a tab in the BTCD client - it will open SuperNET. From there, you can send cash anonymously using Teleport (James’ BTCD anonymity protocol), or if you’re particularly concerned about privacy, you can pass it through a Boolberry exchange first, layering Teleport with BBR’s ring signature technology. Perhaps you’ll play NeoDice for a while - it’s built into the client. You might check your portfolio of assets, which include SuperNET itself and see that you’ve been paid dividends, which include both NXT and some shares in a new company that has recently joined SuperNET.

Maybe you want to exchange some NXT for BTC? You can do that instantly through the peer-to-peer exchange, InstantDEX. Or maybe you need some fiat to spend, so you cash some coins out to your SuperNET card - the anon card offered by Coinomat - in case you don’t have access to a BITS ATM, where you can just withdraw your coins as physical cash.

You browse Freemarket for a while to see whether anything interesting is for sale. Lastly, you send an encrypted message to a friend about a joint project you’re working on. All of this happens completely securely, because privacy is built into every transaction that takes place with BTCD. Or any other coin in SuperNET.

BITS ATM

More information about the partnership with Bitstar coin (BITS) has been requested. Although BITS are not a core SuperNET coin in the way that Nxt, BTCD and BBR are, they are a critical supporting member. The idea is to add SuperNET to the BITS wallet, and to the ATM they are sponsoring.

This would allow users to access SuperNET coins from BITS ATM - effectively ‘teleporting’ cryptocurrency into fiat. Ether, who also created the SuperNET logo, is designing the main splash screens and brand identity for the ATMs. The SuperNET logo will be displayed in the ATM’s user interface. Ether’s growing number of SuperNET designs can be found and downloaded here. He is offering his time and expertise for free, so please do tip him if you like his work!

Code review and Telepathy

James was going to submit core code to Kristov Atlas for a review (Atlas is a computer science security consultant who has worked on a number of cryptocurrency projects). However, this is delayed due to the new innovation (‘Telepathy’) that James is adding to SuperNET. ‘I just made a big breakthrough in anon level. No sense in having something reviewed that has already been improved!

James continues:

### The problem I solved is the one of how to communicate to someone without ANYBODY knowing what their IP address is. I believe I have a deterministic and provable routing that isn’t broadcasting that achieves this. It was one of those nice to solve if I can figure it out, but not absolutely needed things, as there is already a lot of anon in the fixed sized, onion encrypted variable delay packets, but now being able to transact with someone just via a 64bit address that has nothing to do with the ipaddress. This I believe is quite a leap in anon level.
###

Privacy is fundamental to BTCD and SuperNET. The whole ecosystem is built on a platform that allows the highest level of privacy - far, far beyond anything any other coin offers, and possibly any other system in the world.

Telepathy is a very recent development James made when he was looking into ways of routing messages through a network. In a peer-to-peer network, such as SuperNET or BitTorrent, there is no central authority - this would make it vulnerable to attack (for example, Napster’s centralised look-up was its downfall). Obviously, such a vulnerability would be unacceptable for SuperNET. More recent networks use DHT, distributed hash tables, to achieve true decentralisation, along with scalability and resilience (tolerance to nodes joining and leaving the network).

The properties of the particular DHT James was looking into, called Kademlia, offer a very interesting benefit: it is possible to send a message to an address that belongs to no one, but because of the way the network is structured, you can still guarantee it will reach the intended recipient. The amazing thing is that even the sender does not need to know the recipient’s IP address for this to be possible. And clearly, this poses serious problems for any attacker!

These ideas are being written up into a white paper which will be submitted for peer review. For now, an analogy is again one of the most effective ways to communicate the basic concept:

Alice wants to send a message to Bob but does not want anyone else to know that he is the intended recipient. Instead of sending it to his house, she writes it on the side of a van and instructs the driver to drive to a random address that is in line-of-sight of Bob’s house - and 20 other houses. It doesn’t matter whether anyone owns the property at the destination, or even whether there is a property there. All that matters is that Alice knows Bob will see the van as it passes.

In reality, the process is far more robust than this. The packets will be encrypted so that only the intended recipient will be able to read them. The ‘addresses’ used to deliver a packet cannot be linked to any IP address; the packet is introduced at a random location rather than from Alice’s ‘house’. The important point is that, even in the highly unlikely event of an attacker having enough information to determine the destination of a packet, it will be impossible to correlate it to the user’s IP address - because the apparent destination has no IP address! The real recipient is one of twenty or so others who pass the packet along the chain.

Cryptocurrency is still a small slice of the economy and has gained limited real-world traction so far, but perhaps we should not be surprised at the innovation that is happening here: the crypto world contains a relative handful of people, but they are self-selected coding, security and economic specialists. Where these disciplines overlap, great things happen.

API calls and testing

SuperNET’s functionality will be available via a series of API calls. Ultimately these will be accessed through the GUI. For now, we need more people to test them using the SuperNET-enabled BitcoinDark client. This can be installed on a home computer or VPS. The more network nodes the better: Reliable testing requires at least 50 and ideally 100. The nodes needed to bootstrap the network will be funded by the staking income from the BTCD paid during the ICO.

If you are able to, please install the client, start testing the API and add your thoughts and comments to the documentation. Remember: James has offered a 1,000 BTCD bounty if you can find a way to deanonymise telepods. Good luck!

There will no doubt be more questions about the components of SuperNET and the roles they play. Please do ask them and we will do our best to answer. We would also encourage you to join the SuperNET forum for more information and updates.

SuperNET related links

Supernet Forum
https://forum.thesupernet.org

SuperNET news

Newsletter signup
http://supernetwrk.weebly.com/newsletter.html

https://twitter.com/Jl777News
http://jl777news.tumblr.com/
https://www.facebook.com/jl777official

SuperNET CORE coins

NXT
https://nxtforum.org
BTCD
http://bitcoindark.pw
BBR
http://boolberry.com
VRC
http://www.vericoin.info

SuperNET related projects

Coinomat
https://coinomat.com
VRC
https://vericoinforums.com
BITS
https://bt.irlbtc.com/view/748045
CHA
http://chancecoin.com
SNN
https://forum.thesupernet.org/index.php?topic=118.0
Neodice
https://nxtforum.org/nxtventures/(pre-ann)-neodice/
Freemarket
https://nxtforum.org/nxtventures/freemarket-official-thread/
ATOMIC
https://bt.irlbtc.com/view/780833.0

ShortUNITY
https://nxtforum.org/assets-board/shortunity/

Prediction Markets
https://www.fairlay.com/predict/registered/new/supernet-in-top-10-of-coinmarketcap/
https://www.fairlay.com/predict/registered/new/supernet-in-top-5-of-coinmarketcap-before-2016/

Affiliated websites (revenue sharing or partial ownership)
http://bter.com
http://coinomat.com
http://nxtfreemarket.com
http://yourwebsitecanbehere.com

Author of SuperNET newsletters: http://nxter.org

 it looks great. thanks

You're welcome.

SuperNET Newsletter #5

Link: http://eepurl.com/6X4xv
or http://nxter.org/supernet-newsletter-5/

[EDIT]: Chinese

Welcome to another edition of the SuperNET newsletter!

TOPICS

Website
Beyond Bitcoin
SuperNET Cards
Chancecoin
VRC
Marketing
SuperNET Radio Network
BlockNET
UNITY price
Development update
Kademlia DHT’s role
SuperNET related links

Website

Lootz is currently building supernet.org. Email addresses info@supernet.org and coins@supernet.org are working now. We are moving from thesupernet.org to supernet.org step by step...

Beyond Bitcoin

BTCD and SuperNET will feature on the Beyond Bitcoin podcast this Tuesday/Wednesday!
Be sure to tune in if you can.

SuperNET cards

The SuperNET cards (Nxt asset ID: 7110939398145553585) have been ordered!

SuperNET cards will be a way to bridge crypto into fiat. These cards are normal MasterCards and will have a $1,000 per day limit. At the moment these are ‘half anon’ cards: A photo ID card is required for but no banking information.

James comments,

### half anon means that there is no requirement to link a bank acct/personal financial number to the card. however to get the bigger limits, the requirement for ID scan and utility bill could not be removed.

I expect a secondary market to form for these halfanon cards once issued. They have no risk to the one that signed up for it as it can be kept empty.

We continue to work toward full anon, but need to find a reliable vendor with acceptable limits and while we have candidates, the process is very slow. also, I think there is a good chance that there will be some independent vendors who can help, but this is all still being developed.
###

We will keep you informed and let you know when these ‘half anon’ cards are ready to ship.

Chancecoin

James’ funding request has been APPROVED.

We hereby welcome CHA as the newest SuperNET CORE coin.
Its features are described in greater detail in the last SuperNET Newsletter and on https://bt.irlbtc.com/view/528023.0. CHA official website: http://chancecoin.com

### whale has negotiated 25000 CHA for 11.25 BTC, there are only 516,530 CHA total from its burn period.

chancecoin is a microcap, but with interesting tech and we plan to integrate CHA betting into the SuperNET GUI
###

VRC's role

Vericoin will be implementing the GUI and billing for the decentralised cloud storage enabled by the Telepathy network. The VRC devs will also be providing the ‘public face’ of SuperNET (since James has known to be a little cautious about that sort of thing). VRC’s Patrick, Doug and David are well known as some of the first crypto devs to reveal their identities publicly. In the future there will likely be many interviews, live events and other media where SuperNET will need a real-life representative.

James has also committed to developing new technological features with VRC in a previous deal, arranged before SuperNET was announced. These will offer new functionality to SuperNET when they are implemented, so inclusion at this point makes sense in any case. lRead more here.

Marketing

BTCD is engaging a professional marketing company to help communicate the coin’s unique features and use-cases. SuperNET will inevitably benefit from this since it is one of the major ways in which users will be able to access different services with BTCD.

BTCD will have widespread appeal as a complete platform for secure, anonymous communication and transactions. Just some of the groups that we anticipate will be interested, plus potential applications, include:

Bloggers and journalists in ‘closed’ countries
Political activists in hostile regimes
Whistleblowers
Truly anonymous reviews and tip-offs
Anonymous donations to Wikileaks and mainstream charities
Secure business-to-business communications to prevent industrial espionage
Online gambling
Libertarians
Anyone concerned about intrusive state and corporate surveillance

SuperNET Radio Network (SNRN)

http://supernetradio.com has launched.
This is an initiative by kevondo and lootz. Kevondo writes:

‘SNRN will provide each SuperNET coin and entity (Affiliates) with a Website, uniquely “Branded” to them individually. All sites will have radio broadcasting enabled, access to “On Demand” archived SNRN programming, an “Anon Unity Chat” IRC window, and Crowd Funding capability. By reducing the budgetary pressures of building and maintaining an array of promotional tools members can concentrate on creating content and actively promoting. SNRN basically provides all the tools needed to “Get the Word Out” by jump starting the promotion process.  Any other services such as Forums can be implemented upon request.’

‘Affilate productions will be scheduled into the 24/7 stream of  “Flagship” Station supernetradio.com producing, for SuperNet/UNITY, the consistency of around the clock exposue while alleviating affilates from having to produce the volume of content to be effective in promotional ventures.’

‘Particulars, Fee Schedules, Revenue Streams and Dividend Sharing details will be provided on http://supernetradio.net. Direct inquires can be sent to supernetradionetwork@gmail.com.’

For the time being, Kevondo will be doing a live broadcast at 10 AM EST Monday to Friday, and past shows, interviews, and music will be streaming 24/7.

UNITY price

The recent bear market in Bitcoin has badly affected the alts, and there have been heavy sell-offs - including NXT and BTCD, as well as many NXT assets. This has opened the door to criticism about the tech, even though the same trend has affected almost all coins. James writes:

### As the software gets more and more complete and it becomes clear to even the skeptics that it is just a matter of time before SuperNET is completed and working, the price will more fully reflect the value. Since I am doing something that hasn’t been done before, it is hard to accurately estimate time to completion, especially as I continue to improve things daily.

Remember that anybody can make any sort of crazy claim against me. I don’t have time to spend refuting all the silly FUD. For a while I was supposed to be some sort of pump and dumper, but it is hard to make any claim like that stick when I am not pumping nor am I dumping. I just keep coding and know that it is just a matter of time before the market catches up to what I am building. And now other coders are building on top of what I am building. GUI are being created. Websites and even new assets are being created and managed, etc.

For all the claims that I am dumping SuperNET, I can state affirmatively that I am only buying and have not sold any SuperNET/TOKEN. This reminds me of when I was buying BTCD at .00015 to .001, seems almost like I have an unfair advantage as I know the dev will deliver, while everybody else has some doubts… Considering the bear market everything has been in, including BTC, UNITY price is holding up pretty well.
###

BlockNET

Many of you will have noticed certain similarities between SuperNET and a new organisation called BlockNET. Whilst the latter is a constantly-evolving undertaking, it seems that there are several key differences. We would encourage you to visit the thread, ask questions and find out more for yourself about the relative approaches, if you are considering investing in one or both ventures. There has been much misunderstanding about both BlockNET and SuperNET and greater clarity will benefit everyone.

A key difference is the business approach. BlockNET is collecting money through their ITO to pay developers for their new software, whereas the SuperNET ICO funds are being held to provide stable value, reflected in the NAV (the value of SuperNET should not fall below the value of the currencies held). James is doing all the coding in return for an equity stake in SuperNET, and is also adding a large number of revenue-generating assets of his own (these total far more than the value of his own shares).

SuperNET ICO funds will also be used to purchase shares in coins and revenue-generating services. SuperNET is also entering into revenue-share agreements, without taking an equity stake in these. BlockNET will make money from the services it offers but the ITO money will not be used to purchase a stake in promising companies. SuperNET will also be returning income to coin communities, to stakers and for further tech development.

The philosophy of SuperNET is to align interests between SuperNET holders, coin communities and devs, and the companies that provide services. The money flow provides shared incentives for success, strengthening all of them and working for their mutual benefit. This business model was a conscious decision taken by James and offers a strong platform for future expansion.

Development update

James:
### around 1000 new builds in last month. very busy coding ###

Development of the peer-to-peer network that will underpin BTCD and SuperNET has moved fast, with some fantastic advances. James writes, ‘I just finished rewriting Teleport using Telepathy and DB and now it’s 800 lines instead of 3,000. Once this is debugged, then all the other apps will come pretty fast as its just application level code without worries about system level, anon leaks, etc… getting close to code complete.’

As a brief overview/reminder:

Telepathy is a system of secure peer-to-peer communication
It is based on the Kademlia DHT, the same protocol used by BitTorrent
Teleport will also use this for anon crypto transactions
Telepathy is so secure that no one, including the sender, needs to know the recipient’s IP address. This offers a fundamental advance in privacy.
Telepathy uses ‘dead drop’ addresses that belong to no one. Messages are routed to these, and are handled by dozens of different nodes - but delivered to none of them.

There has been some misinformation spread about Teleport recently. To clarify, Teleport offers a completely trustless and decentralised off-blockchain exchange mechanism that is truly anonymous and private.

A white paper for Telepathy is available in draft form and will be published for review in due course.

Kademlia DHT’s role

DHT is the technology that enables Telepathy.

A Distributed Hash Table (DHT) is a kind of super-efficient look-up table that allows any node in the network to find the information it needs to route a packet to another node quickly.

The Kademlia DHT offers a couple of very interesting properties. Aside from being very efficient, it guarantees a packet will reach its destination due to the way it routes them (the ‘XOR’ metric).

Additionally, like other DHTs, the ‘map’ that shows where each node lies in network space is completely abstracted from the physical location of those nodes and their IP addresses. This is a little like the London Underground tube map: The map of stations bears little resemblance to the above-ground geography. It is simply a convenience to allow passengers to work out which line to use quickly and easily. So each node in the P2P network simply forwards a packet to nodes closer to the destination than itself - until the distance is zero, which means the packet has arrived.

In the case of Telepathy, since nodes are trying to deliver a packet to a dead drop address owned by no one, this will never happen. This does not matter though, since so long as the intended recipient gets to handle the packet, they will be able to decrypt and read the contents.

Close to the dead drop address, many other nodes are also being sent the packet - creating great uncertainty about which node it was meant for. An attacker cannot find out the IP address of the intended recipient, let alone read the content of the packet.

Unlike some detractors have claimed, this network is completely decentralised and peer-to-peer - like BitTorrent. IP addresses for nodes are known to others, of course (otherwise any routing would be impossible), but there is no correlation between a destination address and a node’s IP address. Users have a public account and a private one for secure communication - these private accounts are completely unlinked to your IP address.

A new feature will be group ‘mining’ of dead drop addresses which are close to many nodes, to create maximum uncertainty in the eyes of the attacker about who the packet was meant for.

Since these addresses are best found by brute-force calculation, the process is actually very like Proof-of-Work mining. Once a good location has been found, it can be shared amongst many nodes that are close to each other. Rewards may be paid for this useful mining activity. Of course, no node using these shared addresses will be able to read the contents of a packet unless it has been encrypted specifically for them.

SuperNET related links

Supernet Forum
https://forum.thesupernet.org

SuperNET news

Newsletter signup
http://supernetwrk.weebly.com/newsletter.html

https://twitter.com/Jl777News
http://jl777news.tumblr.com/
https://www.facebook.com/jl777official

SuperNET Newsletters archive
http://nxter.org/category/supernet-newsletters/

SuperNET CORE coins

NXT
https://nxtforum.org
BTCD
http://bitcoindark.pw
BBR
http://boolberry.com
VRC
http://www.vericoin.info
CHA
http://chancecoin.com

SuperNET related projects

Coinomat
https://coinomat.com
BITS
https://bt.irlbtc.com/view/748045
SNN
https://forum.thesupernet.org/index.php?topic=118.0
Neodice
https://nxtforum.org/nxtventures/(pre-ann)-neodice/
Freemarket
https://nxtforum.org/nxtventures/freemarket-official-thread/
ATOMIC
https://bt.irlbtc.com/view/780833.0

ShortUNITY
https://nxtforum.org/assets-board/shortunity/

Prediction Markets
https://www.fairlay.com/predict/registered/new/supernet-in-top-10-of-coinmarketcap/
https://www.fairlay.com/predict/registered/new/supernet-in-top-5-of-coinmarketcap-before-2016/

Affiliated websites (revenue sharing or partial ownership)
http://bter.com
http://coinomat.com
http://nxtfreemarket.com
http://yourwebsitecanbehere.com

Author of SuperNET newsletters: NXTER MAGAZINE: http://nxter.org

Following this thread with interest.

SuperNET Newsletter #6

Welcome to the SuperNET newsletter!

Chinese

In this edition, we’ll be digging a little more into Nxt, as well as some of the assets that James gave to SuperNET. These assets were previously mentioned (SuperNET Newsletter #3), though not explained in detail. There are also some new announcements and developments, as always.

Topics

Market
neoDICE
MGW
NXT Freemarket
NXTweb vs CoinEvolve
SuperNET assets explanation
SuperNET CORE: NXT
Development update
SuperNET demo
Telepathy whitepaper
Your Supernet needs you!
SuperNET related links

Market

Despite the recent bear market in Bitcoin, which has badly affected the alts, SuperNET/UNITY price is still within 15 percent of the ICO price - probably one of the best performances over the last month, considering how much everything has lost. James writes,

‘Remember that SuperNET is spending 1% on things like all this development, not 100%, so ignoring market fluctuations, the NAV will remain. The revenue projections are quite difficult to make and I priced it at 0 due to this. Long term, with a big user base, then of course the revenues will be quite significant, but this requires a lot of work, progress and most importantly cooperation among all the coins.’

‘With SuperNET, we have financial ties with the core coins and this will be needed to ensure continued cooperation, especially if we are in a prolonged bear market. What is easy to join, is easy to unjoin and I much rather have few coins with long term commitment to build upon. Only the coins that want to be featured in the SuperNET GUI and getting the cross promotion and technical integration, need to let us buy 10%. If they just want to use the SuperNET services, any coin can do this. Coins without redeeming features wont benefit from being part of SuperNET as nobody will use them.’

neoDICE

NeoDICE is ready for public beta testing within a few days!
 
NeoDICE was the first asset dividend to be paid to SuperNET holders. NeoDICE is a fair betting game that runs on the NXT blockchain. It is based on the immensely popular satoshiDice, though with a few differences - the most important one being that neoDICE processes unconfirmed transactions, making gameplay near instantaneous.

NeoDICE does not require any additional registration or authentication than a NXT account number. To determine winning or losing bets, it calculates the SHA-3 hash of a combination of the transaction ID and a daily secret (a number unknown to the player). The previous day's secret as well as the hash of the current day's secret are published, providing for an easy way to verify the outcomes of wagers: everything is visible in the blockchain.

NeoDICE is based upon know-how from NXT’s Come-from-Beyond, but is being actively coded by several developers represented by hash. Come-from-Beyond and jl777 are project consultants.

100% of neoDICE revenues will be distributed to assetholders. This indirectly includes SuperNET, so UNITY holders will receive dividends from neoDICE. It will initially be playable as a NXT client plugin, and will later be included in the SuperNET GUI. Finally, it will also be released on a standalone neoDICE website, allowing gameplay without a NXT client. ETA is December 2014.

NeoDICE is traded on Nxt AE (asset ID 18184274154437352348) if you want to load up before launch.

MGW

The Multigateway (asset ID 10524562908394749924), NXT’s distributed exchange, has previously been running on James’ servers. This is about to come to an end with the move to production servers.

VanBreuk writes, ‘The Multigateway production servers are working and they will be open to users as soon as stress test cases are finished and a new GUI is available. We have made the first BTC deposits and withdrawals. Processing time has been 45-60 minutes in both cases. So we hope these times around the hour mark will be the norm. Almost ready…’

The Multigateway will provide a key part of SuperNET’s functionality, since - in conjunction with InstantDEX - it will deal with all the automatic exchanges from one currency to another.

NXT Freemarket

NXT Freemarket (asset ID 134138275353332190) is a decentralised online marketplace that enables free, global, private trade of any goods and services, with low fees and no interference.

FreeMarket lives on the NXT blockchain, so there is no single point of failure. It is resistant to attack by anyone who would deny you your right to trade peacefully. FreeMarket automatically encrypts messages between buyer and seller, keeping your information private. No IP addresses are logged anywhere. Payments via NXT are built right in. No need to leave the app to send a payment, no need for PayPal or another third-party payment processor who has your private data.

NXT Freemarket has been in BETA since mid September, so it has been in the wild and tested. The developers have announced that they have an update scheduled on 9th of November. After this release, the promoting of FreeMarket starts.

20% of FreeMarket listing fees (7.77 NXT per listed item from 2015) will go to SuperNET.

NXTweb vs CoinEvolve

You may remember this arbitrary message (txID 6374368705651792002):

25.09.2014 02:13:04:
### All agreements between SuperNET and coinevolve are hereby terminated due to abandonment by Chris Sommers.

James
###

Even though there was never a direct partnership between SuperNET and the abandoned CoinEvolve project, unlucky buyers of EVOLVE and EVOLVE2 can claim free NXTweb assets.

An arrangement has been made with Christian Sommers, who has now transferred the source code for his websites to POPPP from the French Nxt Community. POPPP is overseeing the modification of the code and ensuring that the sites are set up.

James comments:
### It is quite clear Chris Sommers is a scammer/criminal
I suggest that people that want to prosecute him do so in the fiat world.

POPPP has stepped forward to do the work required to create sites in the same general area as the coinevolve sites. I will do a SuperNET deal with POPPP for his asset and donate my evolve assets I ended up with to POPPP so he will have a meaningful ownership of the new asset.
###

The first NXTweb site is already live. It is a crowdfunding website: www.nxt-starter.com. Payments are initially accepted in NXT and BTC through coinpayments.com, but the site will be heavily developed over the next two months to take coinpayments out of the loop and accept more currencies. Two more websites will be built from Chris’ source code: a freelancer website and a microjob website. More sites are planned for NXTweb in the future. James is acting as an adviser only and will not build any tech for NXTweb.

SuperNET will receive 25 percent of NXTweb’s NET profit.

There are 1 million NXTweb assets issued. (asset ID: 18052454258090117553). 65 percent of the NXTweb assets are being given to the scammed CoinEvolve investors. Owners of EVOLVE and EVOLVE2 can send their assets to NXT-HTM9-BEPZ-28NP-A4AEK. For more information, see https://nxtforum.org/assets-board/(ann)-nxtweb/

For more background on the situation with CoinEvolve: SuperNET Newsletter #1.

SuperNET assets

James donated a number of assets to SuperNET. These will form parts of the core services, value and functions of SuperNET. You can read more about all of them on the NXTventures board of the NXT forum. Many of these assets are interlinked and own proportions of each other.

InstantDEX (NXT-74VC-NKPE-RYCA-5LMPT) will soon offer near-realtime trading of NXT, Nxt assets and other crypto - a huge advantage for trading and for regular transactions over typical blockchain confirmation times, whether that is Nxt’s 1-2 minutes or Bitcoin’s 10 minutes.

The tech is almost complete and will be integrated into SuperNET so that users can enjoy fast, automated conversions between one crypto and another.

SuperNET owns 241,485 InstantDEX.
InstantDEX fees will flow through these and be dividended out to SuperNET investors.

NXTprivacy (NXT-KKNV-8EPK-W2S4-96VTK) contains all of James’ privacy-related projects, currently 50% of Privatebet, 30% of the Anon ATM card (cryptocard) supplied by Coinomat, and also 0.1% of Teleport fees will flow through NXTprivacy into SuperNET.

SuperNET owns 241,485 NXTprivacy.
NXTprivacy dividends will flow through these and be dividended out to SuperNET investors.

Privatebet (NXT-ZGGJ-5G8H-K24Y-3BD8S) enables fully decentralised, peer-to-peer betting, with publicly verifiable results. This paves the way for sports betting and casino applications, all of which will pay dividends to Privatebet (and SuperNET holders through NXTprivacy). The ‘house edge’ for neoDICE will be around 1 percent, and this is likely to be standard.

Cryptocard (asset ID 7110939398145553585) will be a way to bridge crypto into fiat. These SuperNET cards are normal MasterCards and will have a $1,000 per day limit. The cards have been ordered. At the moment these are ‘half anon’ cards: A photo ID card is required for - but no banking information. There is being worked towards finding a full anon solution.

1% of the processed transaction volumes will be transferred to the assetholders.

More information about the half-anon approach can be found in SuperNET Newsletter #5.

Tradebots/nxtcoinsco (NXT-YNZ6-HE8K-TPF6-AV45K) is an asset that will allow people to create their own custom tradebots.

James writes, ‘I plan to allow tradebot writers to publish and people to subscribe and they share profits. People would subscribe to XYZbot and only pay if it makes profits and they only pay a portion of profits. Of course, the XYZbot could lose money, but all the performance stats would be tracked so people will see historical performance. No profits, no payment, so the tradebot writers are fully incentivized to create profitable tradebots. Eventually there will be dozens of proven tradebots and like for the forex world, people can see how many subscribers each one has, how much the bankroll is, etc.’

SuperNET owns 241,485 Tradebots/NxtCoinsco.
NxtCoinsco dividends will flow through these and be dividended out to SuperNET investors.

NXTventure (NXT-XRK4-5HYK-5965-9FH4Z) is an incubation fund that invests in and spins off other promising crypto assets. NXTventure pays dividends in the form of these assets, thereby giving investors a piece of the next big crypto asset.

James has recently announced that NXTventure and SuperNET will be releasing combined dividends. The NxtInspect dividend was an example of assets distributed to SuperNET holders through NXTventure.

Four more dividends have been pre-announced. Read more in SuperNET Newsletter #2.
There will not be a full overlap between the dividends offered by NXTventure and SuperNET.

SuperNET CORE: NXT

As you will know, a small number of coins make up the SuperNET core.

If BTCD is the highway that connects all the stores, entertainment centres, financial services and other features in SuperNET, then NXT is the 2.0 engine that allows users to access them all.

Rather than simply being a cryptocurrency, NXT can be considered a complete financial platform. The Nxt Asset Exchange, which is built into the client, allows users to issue, buy and sell shares in virtual or real-world companies, and receive dividends (NXT, other assets or even other currencies through Multigateway tokens for BTC and other coins). It’s the ‘coloured coins’ concept you may have heard about, but being dealt with in a very intuitive and user-friendly way.

To read more about the launch of the Asset Exchange and see a few use cases, see the NXT AE Special Newsletter.

Nxt’s arbitrary messaging system (AM) is also used - and for more than just simple messaging (plain text or encrypted). For example, instructions are passed to the Multigateway using AMs. The Nxt Alias system allows accounts, websites, telephone numbers and more to be linked to a simple reference label; Hyperboria’s Meshnet project already makes use of this feature. The NXT Marketplace (formerly known as Digital Goods Store or DGS) is a  decentralized NXT store that allows users to trade digital products directly through the NXT Client; whereas NXT Freemarket is the third-party application that reaches into the physical world, like a decentralised eBay. The Monetary System (MS) is scheduled for release later this month, and will allow the easy creation of customized digital currencies on top of the Nxt blockchain and backed by NXT.

These and other third-party services like neoDICE offer a wide range of functionality and open many possibilities for SuperNET. For a more comprehensive overview of Nxt, take a look at the NXT Technology Tree.

Development update

James is coding hard, and the features of SuperNET’s GUI are taking shape.

There is still plenty to do, but basic SuperNET functionality is now almost complete.
SuperNET development is on track, with initial release still scheduled for the end of the year.

James writes:

‘Finished all the GUI interface API for settings and general command flow, even start/stop so the GUI can stop and restart SuperNET. With a GUI to create the SuperNET.conf, it will be much, much easier. Also, this allows for a debug console, which will speed up testing, and building buttons and forms on top is just a matter of figuring out what buttons and forms we need.’

‘Most importantly all the telepod (money!) is using a berkeley DB so short of computer totally exploding, the data should be safe or at least recoverable. ]I am leaning toward automatically backing the telepods in the encrypted cloud so there are two copies’.

‘I split out the SuperNET into a separate executable for two main reasons. It makes it much easier to build as it doesn’t have to be built into BitcoinDarkd. With the boost, C++ vs C and all sorts of build complications on Windows, this reduces the problem to just building SuperNET on Windows. I already built SuperNET for Mac, but having problems with boost so can’t build BitcoinDarkd or QT on Mac yet. The second reason is that this allows other coins to also be in the system and the SuperNET requests are properly serialized through the https interface.’

‘If all goes well, by next weekend I think I will be doing the loose ends, but that means we will have nice core functionality as soon as GUI and OS builds are ready. So not a lot of external progress, but the internals are now split into two independent executables with mechanisms for master/slave type of setup, and other coins can just call into SuperNET directly. Now with DB reliable and reentrant, progress should be fast as that solves the reliable storage for money things like telepods, private messages, public cloud and also price data for tradebots.’

‘The new DB design made it so the old InstantDEX code was not quite right. I ended up rewriting it and most of it is gone! this is good as the less code, the less bugs. Still not fully debugged, but via DHT all orderbooks exist in the cloud.’

SuperNET demo

If anyone has doubts that development is progressing fast, anyone with minimal knowledge of linux can install the command line version and start playing with SuperNET. The installation instructions have been significantly simplified in recent weeks (full instructions and discussion available on the Slack boards). James provides these instructions:

###

git clone https://github.com/jl777/btcd
# Then you need to put your addresses in the demo SuperNET.conf and copy it to the libjl777 directory
cd btcd/libjl777
make onetime
./m_unix

Once SuperNET is running and the accounts are funded:

On computer A:
./BitcoinDarkd SuperNET '{"requestType":"addcontact","handle":"computerB","acct":"<account for computerB>"}'

On computer B:
./BitcoinDarkd SuperNET '{"requestType":"addcontact","handle":"computerA","acct":"<account for computerA>"}'
./BitcoinDarkd SuperNET '{"requestType":"maketelepods","coin":"BTCD","amount":".0001"}'
./BitcoinDarkd SuperNET '{"requestType":"teleport","coin":"BTCD","amount":".0001","contact":"computerA"}'

Of course, this is still command line and it isn’t using the best practices as the maketelepods creates traceable telepods, but it is quite a lot of what needs to be working.

James
###

White paper

Finally, a draft white paper for Telepathy is available. Telepathy is the secure communication system that underpins BTCD and the SuperNET. It works similar to BitTorrent’s peer-to-peer network, with a few critical differences. ‘Dead drop’ addresses are used - locations in network space that are not owned by any peer. Since many peers handle a packet on its way to the dead drop, it becomes almost impossible to tell who it was originally meant for.

The white paper can be found at https://copy.com/x4mYj7Cy9tNtwwXg.
Please do read and comment. All feedback is welcome.

Your SuperNET needs you!

James is working hard on the code, and many other people have joined the Slack channels where a huge amount of discussion, feedback, marketing and development are happening. We have approaching 100 people on Slack, and over 10,000 messages weekly. However, the more people get involved the better - there are always gaps, and more eyes and pairs of hands will make things move faster. Just ask for an invite if you want to help.

James writes, ‘I keep coding away and making progress, but there is only so much I can do and it will take the help of the community to fully actualize SuperNET. In fact, once my low level work is done, then I really become much less important and that is my goal.

‘Next year I want to be the leading SuperNET applications creator. By making dozens (yes dozens) of SuperNET reference applications, I will demonstrate how to make money via SuperNET. Similar to what I did with the NXT AE. Instead of telling people via fancy graphics and press releases, I will just do it and let the market decide how much they like it.’

SuperNET related links

Supernet Forum
https://forum.thesupernet.org

SuperNET news

Newsletter signup
http://supernetwrk.weebly.com/newsletter.html

https://twitter.com/Jl777News
http://jl777news.tumblr.com/
https://www.facebook.com/jl777official

SuperNET Newsletters archive
http://nxter.org/category/supernet-newsletters/

SuperNET CORE coins

NXT
https://nxtforum.org
BTCD
http://bitcoindark.pw
BBR
http://boolberry.com
VRC
http://www.vericoin.info
CHA
http://chancecoin.com

SuperNET related projects

BITS (SuperNET CORE component!)
https://bt.irlbtc.com/view/748045
Coinomat
https://coinomat.com
SNN
https://forum.thesupernet.org/index.php?topic=118.0
Neodice
https://nxtforum.org/nxtventures/(pre-ann)-neodice/
Freemarket
https://nxtforum.org/nxtventures/freemarket-official-thread/
ATOMIC
https://bt.irlbtc.com/view/780833.0

ShortUNITY
https://nxtforum.org/assets-board/shortunity/

Prediction Markets
https://www.fairlay.com/predict/registered/new/supernet-in-top-10-of-coinmarketcap/
https://www.fairlay.com/predict/registered/new/supernet-in-top-5-of-coinmarketcap-before-2016/

Affiliated websites (revenue sharing or partial ownership)
http://bter.com
http://coinomat.com
http://nxtfreemarket.com
http://yourwebsitecanbehere.com

Author of SuperNET newsletters: NXTER MAGAZINE: http://nxter.org

[EDIT]: Added Chinese.