Or, in your case, the pitchfork.

Witch-hunts are not known for their objectivity rdnkjdi.

Now please go away and do not post in this thread again. You're not welcome here.

Hi all

Apologies, but I'm going to delete all this futile bickering about Util.

Reason: it's not relevant to the topic.

(And it's very tedious.)

Please try refrain from dragging the conversation down into bickering. There's really no point.

Teka will have to ban him - if he chooses to.

This is one of the reasons why we'll be starting a new thread - so that one of us isn't permanently tied to a computer.

Get lost rdnkjdi.

This, to me, is overly simple. We are concerned about keeping the public in the loop about progress and about the project as a whole. We are also interested in the market-related health of the project, and are aware of its relation to the overall health of the project.

However what we are not concerned about is the sort of day-by-day "concerns" that some people here seem to be prone to (like "hmm... the Github repo hasn't been updated, therefore something must be wrong!"). If this sort of thing has an effect on the market then, well, we just can't do anything about it, because no matter how healthy a project and no matter how hard we work, there will always be room for small and speculative doubts. Selling over trifles or idle speculation is just short-sighted, and we simply don't have the time and energy to address every "concern". I encourage investors to become suitably hardened against this.

Work is ongoing; we're forming a foundation; we're well-funded to achieve what we've set out to achieve; we'll report our developments very soon; read my post history if you want more details.

Evening everyone

I'm off to bed, but for those who've been complaining about the apparent lack of development (and perhaps dumping), I'll offer the following:

Bear in mind that funds absolutely must be transparently spent.

Before funds can be spent, we need a budget, a timeline with milestones at which funds can be released, and a board to vote on spending.

It doesn't take a lot of imagination to guess that this takes a fair bit of work and negotiation to set up - not to mention finding/creating technologies for administrating the process.

For the most part, this is what we've been busy with, and we're excited to show you the results.

Stay tuned for details in the coming week.

(And try not to get duped by trolls.)


Cheers


Arlyn

McHammer and youngmike, what part about "banned" do you not get?

You may not post here. At all.

Go away.





Edit: apologies to those who quoted those trolls. Please do not quote them if you wish your posts to not get deleted.

On what basis?

I think BLOCK will be very much alive in 2 months.

At any point people can buy into the Blocknet project (not just during the ITO), and it's a very exciting project.

Buying, therefore, makes a fair bit of sense in my personal opinion.

I'll tip you for that :-)

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.



(Hint: might wanna avoid selling at a loss until we respond to this...)

I don't get the logic of that hypothesis.

The value of a coin is a function of its price and its money supply. It doesn't make sense to simply say "the price was too high".

Furthermore, there's every reason to hold your BLOCK:
- everyone bought in at 0.00025 BTC per BLOCK; selling now just makes you a loss
- at the time of the ITO the money supply was 10 million. People bought at this price.
- the money supply is now only 3.8 million (!)
- this vastly increases the value of each Blocknet token. If you bought, for example, a tenth of the Blocknet during the ITO, then you now own over a quarter of the Blocknet.

This should (though of course it might not in fact) increase the value of BLOCK. So I'd personally suggest you hold patiently while we organise ourselves and start to deliver the goods.

+1. Very well said sir.

We're honoured to have received the support that we have - especially through the smear campaign. We're now equipped to deliver on our proposal, and we'll do our utmost to do so and to bring a revolutionary thing into the world.

Interesting. What did thy try to do?

As for the question of adding DRK to the Blocknet, I'm currently unaware of the benefit of their tech.

We plan on releasing a continual stream of progress-related news.

While this may lead to a pump, it's up to the market to decide how our work affects the value of BLOCK.


P.S. The project is independent of the price of BLOCK; it won't collapse at all. We'll just keep on working, because we have the resources to do so. This should be a major support for the price IMO: that the project is viable, healthy, and able to proceed.

Not really.

No-one had to buy the ITO. We clearly set the terms, and people responded favourably.

So evidently there's consensus that what we did is sufficient. There's really no point to contest here.

Morning all

Just to let you know that we've been working behind the scenes, and are getting ready for new things. XC is entering a new phase of its development and we're very excited to kick it off - and will do so as soon as we're ready.

Some of you have a expressed concerns about our relative silence of late. While I understand your reason for this, I want to emphasise that it is not beneficial to XC for us to pour hours of resources into Bitcointalk, and at the moment we have a lot to do. I ask that you'll have the faith to allow us to get on with our work.

Till soon,

Arlyn

While I can't predict what the market will collectively consider sufficient to sustain the price, you'll all be able to track the progress of the project, as development is open source. We'll also be reporting progress here on a regular basis

Outside of coding, there will be progress on the formation of the Foundation, the Think Tank, and other aspects of the Blocknet.

There should also be significant emphasis on B2B markets. There'll also be new tech delivered by participating coins.

So overall, there are multiple sources of good news for the Blocknet. It's not easy at this early stage to say how markets will respond to various pieces of news, but the reality is that there's a lot going on, and a lot to recommend the Blocknet. So I don't see the coming months as a kind of hiatus in which there's nothing to support the price. I see it rather as a multifaceted throng of developments, all converging on the Blocknet.

You're being uncharitable to yourself there.

The money people trusted us with will enable us to build the internet of blockchains. That's a great thing you've supported.

If everyone decided to wait until after the ITO in order to try get cheap BLOCK, there would be no BLOCK to purchase, because we wouldn't have made the minimum and the project would never have launched. So you've done a good and beneficial thing by buying.

If you're prepared to hold until the tech comes out, you have no reason to suppose that your support of the Blocknet will be to your detriment.

Hilarious.