2+2=4
If you look at the Blocknet as a single entity then it is = the sum of its parts.
That is ofcourse if you consider Market Cap a legitimate estimate of a coins value.
In what way is the blocknet comprised of all the coins? Is the blocknet a composition of all the blockchains? This might be a dumb question but I really don't understand this. Can I spend the blocknet as I might spend a coin? |
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REASONS TO BUY BLOCKNET SHARES
- The Blocknet’s initial value during the ITO equates to the following: 10 000 000 shares multiplied by an
initial share price of 0.00025 BTC = 2500 BTC.
- However the Blocknet’s real-world value should equate to the total combined use-value of every coin in
the Blocknet. Therefore, at a bare minimum, the Blocknet’s value would be equal to the sum of the market
cap of all participating coins. Why?  Why is the Blocknet equivalent to all those coins (valuewise). This is currently $4,288,591.00 or 11,285 BTC. Therefore an eventual gain in
price of 450% can be expected after the ITO. - But in addition to all its coins’ features, the Blocknet has the further features of (a) making all the coins’
services accessible to all users, and (b) bringing all coins’ users to every coin. Taking this massive increase
in utility into consideration results in the following calculation: multiply the combined market cap of all
participating coins by the number of coins. The resulting value is 22,500 BTC or a 900% profit on the
share price after a successful implementation (and adoption) of the technology. Why? I really can't follow the reasoning here. Am I missing something? |
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If one can buy Blocknet shares using any one of the coins that are participating, how do we know how much of each coin will buy 1 blocknet share?? Is there some VWAP period? |
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You're right: it doesn't make sense in terms of news. It's an oppressor.
It's useless trying to figure out why someone sells IMHO. Maybe they need the money, maybe they had a stop loss. Maybe they bought them lower anyway. This is going to happen from time to time in any speculative investment, ans all alt coins are speculative investments. The tech on XC seeems good but that doesn't guarantee the price will be "rational"...whatever "rational" is. |
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A currency is the property of its users.
Isn't that a beautiful thing.  |
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always sell on delivery ..., otherwise there wouldnt be enough people to dump on. good time to leave a sinking boat.
cant imagine more people selling than buying .
shakeout / game of deception
But what is the deception? It is an alternate crypto currency. So we can expect it to act like one. The team and the Dev have not been deceitful about anything. |
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What do you exactly mean with "bots"? We usually do not restrict trading activities.
Thank you for your replies. By bots I mean automated trading systems. There are two exchanges I am active on and it looks to me like the automated trading systems "see" my order a fraction before it enters the market. I'm not sure if this is right but it looks that way. I haven't traded at swissex for a while or very much, but on say Bittrex sometimes there are so many small orders that I can't see the real depth. I know that Bittrex made some changes to somethings like how many orders can be entered etc..to try to limit the unhelpful side of these things. So was wondering if you did too. I suspect that thus far swissex has not been busy enough so it hasn't been an issue. Anyway I have heard good things about the exchange but there is just not much activity in the coins I am active in...yet. But I wish you well. |
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I don't really care if an exchange adds this or that coin or removes this or that coin. That is not important. What is important is who is running it, can they be trusted and what is their security like. These are the important issues for me.
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Why are you guys accumulating?
I bought some more. Sell in boom buy in gloom.  I haven't been paying too much attention (or maybe enough lately), but i had sold some XC a little while ago. Thing is, there seem to be so much going on in this coin that I'm not sure I even understand it anymore. But, when I broadly compare it to other coins it looks ok. |
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Which are the active coins on SwissEx? I've heard people say some good things about SwissEx. Following the Mintpal debacle, do we know much about the people running this exchange or the general set-up? Who "owns" coins that are on the exchange? I ask because today I got some coins out of Mintpal, but for a day or so I was wondering who actually "owned" the coins as Moolah was supposed to be going into liquidation and I suddenly wondered if that happened to an exchange would the liquidator be able to claim any coins. So I guess i'm trying to understand how different exchanges are structured. Thanks. Another couple of questions. Do you ever "stake" pos coins? What is your attitude towards "bots"? |
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Did you miss my post above about "ownership" of XChat? XC holders will get shares in XC Inc and will therefore effectively "own" (i.e. get paid for) XChat twice in the event that XC Inc sells the tech to a third party. That's big (potentially).. Is there scope for XChat to bypass the internet in the way that firechat does? http://opengarden.com/firechat |
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For anyone who has XC in Mintpal, I just withdrew 5647 XC. It took about 45 minutes.
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I've requested to withdraw some XC. I didn't get an email asking me to confirm, but I guess that is the same for everyone?
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The guy is still stating that Moopay LTD does not own MintPal so why does it say on Jason Yates (former Co-Founder & Director MintPal LTD) Linkedin page that it was sold to them. Look for it under experience http://uk.linkedin.com/pub/jason-yates/12/268/538He said Moolah did not own Mintpal. I don't think he said Moopay did not own it. |
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Mintpal exchange has not responded to my emails requesting to withdraw my XMR (over 1,000) and the site is now down and "Moolah" filed for bankruptcy.
I have some coins there too. Hard to know what is going on. The only information is coming from Alex Green and it looks like anything he says can't be trusted. |
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Why can't you people FUD properly?
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Also I believe that someone is heavily buying just to sell once the crowd gets involved, so be careful people!
I bought, but in reality have spent very little. The coin became almost worthless. I can't see any point in selling to make such a small profit, to be honest. To me it is risk reward purchase. If it doesn't pay off I don't care. I might think about it in a year or so. Also I would like to give some away to those who have helped. |
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The Mintpal site is now displaying the message below, so you might still have a chance to withdraw your coins, though I would not count on it judging by their recent track record.
MintPal is currently down for a number of necessary changes and fixes. A separate method of withdrawing funds will be made available on October 16th, 2014.
Well that sounds a little hopeful. I'd expect something different if there was no hope. |
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That liveleak video speaks volumes.
Oh, and by the way people were duplicating currency, dumping it, and cashing out BTC from mintpal"v2" last week and moolah has their head so far up their own ass that they dismissed the reports as FUD and continued to let it run completely broken. Then surprise, surprise they don't have any money left.
Where was this reported? |
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