4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B
You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them. Cheap compared to competition and more decentralised. Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back. |
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Some random info:
- SPV work is in the pipeline. This is now *confirmed* to be worked on in parallel to the GUI being worked on by the UI team. SPV enables the DX to work without requiring blockchain download for each coin/wallet. GUI makes the process of using the DX user friendly and intuitive. This is amazing news imo. SPV + GUI makes this a billion dollar project.
- There are now 5 devs total and their work can be seen on the different branches on Github
- An API to expose the governance model to the web is soon to be created
- Being worked on right now is an update to the orderbook
- Next is support for additional coins
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Block now has 5 full time devs, working on the code code.
That's not to mention the UI company that is being paid $150k to develop the UI.
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Bitfinex are working on a decentralised exchange called Ethfinex, and Blocknet has held their second series of talks with them to use their tech for the Ethfinex orderbook:  Blocknet is the only truly decentralised exchange platform I know of, doing true atomic crosschain swaps as opposed to colored coins, IOU tokens etc. The question is, will this cause a pump of Block... Or is this more of a long term thing that will take time to take effect? |
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Hi all
We're very excited to introduce the new home of Blocknet documentation!
https://github.com/BlocknetDX/blocknet-docs
You can expect it to grow into a mature documentation source, and probably rather quickly, knowing the community on Slack.
Huge thanks to @aderks, @thebaron, @stuf, @philipmarshall, and @86b for making a start in #dx-doc-team (in Slack). Anyone is welcome to join in editing or commenting on documents. You can make any change you want and submit a pull request. Go for it. Get involved. If you need help, ask in #dx-doc-team.
Here's to a future where anyone can find their questions well-answered easily.
Arlyn
Excellent work. |
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Oh look at what I posted whilst the fund raiser was being carried out and no-one listened to me: There's some big warning signs here.
Firstly, it's a decentralised exchange but the key part of the code won't be open source or explained? That's a fail straight away.
Secondly, I'm highly skeptical they have a bullet proof algorithm in place. It looks to me like they are just hoping to raise a ton of money and figure it all out later on - hardly fair on investors. Either that or it's a carbon copy of one of the existing DEX algorithms that are working out in the wild - e.g. Blocknet.
If you guys can't answer questions on how it works, you are not going to inspire shrewd investors to part with their money. Blocknet for example uses check lock time verify to lock up the funds used for the cross chain trading swaps until the transaction is complete. It has anti-ddos measures in place to prevent orderbook spam. People run the service nodes which handle the trading fees, masternodes cost 5000 Block and collect a proportion of the fees. And so on. How do the validators handle all of this?
"It looks to me like they are just hoping to raise a ton of money and figure it all out later on" |
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see you guys above $20
I honestly believe $100 is realistic by the year end if the UI, SPV and other plans happen on time. |
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This coin is going to hit $40 in the coming weeks, mark my words.
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Apparently according to Slack there is going to be some kind of rebrand and a coin swap.
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Thanks. I have to run all wallets to trade. Few of them take days to sync. I don't see mass adoption as for now. This is just too complicated for normal user and takes too much time and effort to start. When will be user friendly app available? I can't find that info too. SPV trading wallet which doesn't require blockchain downloads is in the pipeline. I remember Monero when it first came out was complicated to use and I struggled with different guides. But getting in early paid off. |
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Great news about Duality adoption.
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I think there's literally been 100 forks of Blackcoin. It's the grand daddy of many coins. And it's a breath of fresh air having no ICO or insta mined bullshit.
If the Digibyte pumpers sink their teeth in to this one then we will be laughing.
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I don't know if it's been posted here but I read in the Slack that a hard fork is due this month.
$30+ is inevitable for this coin in the coming weeks so long as Bitcoin doesn't crash epically.
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Simple market cap analysis + comparison to other projects + checking Block tech compared to competitors = understanding price very undervalued.
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Beware anything that has 100x inside 3 months, you have to be literally off your trolley
This is normally good advice. Except the market cap for Block is still peanuts. Especially compared to other coins like Waves and Block has a unique decentralised approach to the problem not using colored coins or IOU's. So long as Bitcoin doesn't crash I'm confident this can breeze past $30 in the next couple of months. Lots of exciting shit to look forward to: - hard fork coming which allows voting for features - user friendly graphical user interface to make trading dead simple (right now it's command line based) - SPV lite wallet meaning you don't have to download the blockchains of the coins you want to trade And longer term: - DAPP's built on top of the interchain architecture e.g. trustless zcash btc mixer or using any ETH contract - Website version of Blocknet which is still completely trustless allowing a web exchange like Poloniex but with complete security |
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Mockups from 2 years ago under the guise of recent developments. What's been going on the last two years? Devs accumulating as much as possible
You ignored all my questions. Confirmed troll. All development can be seen on Github over the last 2 years. Keep hating! |
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my god you're dense! Devs roll out a scam project that is recognized as such. Devs/founders accumulate as many coins as possible when the price is low because it is a scam. Suddenly they roll out these 'updates' with years old pictures and PR to generate attention to stimulate the price. Did you eat a lot of paint chips as a kid?
Another false statement. Github shows plenty of fresh activity. Do you dispute a UI dev is being hired to turn the interface mockups into reality? The funds have been raised and can be seen on the blockchain? If you're so confident in your assertions why not escrow a bet with me about it? |
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Blocknet is MAD undervalued. Just compare this shit to WAVES with it's 300 million market cap. WAVES is nothing but a repackaged Bitshares exchange with a fresh lick of paint. It's not even truly decentralised. Blocknet does true cross chain ATOMIC swaps. It's cheap FUDDERs like this below which suppressed the price for a long time, but now it's no longer working: Be caeful investing in this project. It has fraud written all over it
Devs reposting 2 year old pictures trying to dupe people into thinking they're recent, main dev stealing bits and pieces from other projects trying to put together a patchwork exchange with 0 originality
Post which coin Github project had working cross chain atomic swaps before Blocknet?   This is the 5th Blocknet topic I've seen you post your nonsense in. |
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I remember people used to call this project a scam and suddenly they all went quiet when Blocknet started doing trustless atomic swaps cross blockchain. I wonder what the next "scam" accusation will be once the user interface is released |
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Well Waves market cap is almost $300 million compared to Blocknet of $10 million or something. And Waves doesn't have a truly decentralised trading platform, it's a colored coin approach done before by Bitshares. Blocknet does true cross chain atomic transfers.
The only reason why it's so cheap is because the project suffered an EPIC FUD beatdown post ICO and people mistakenly thought it's a scam. Except turned out it's legit, as proven by all the github code and working software.
Litecoin dev Charlie tweeted about Blocknet BTC to LTC atomic swaps.
Just wait until the user friendly interface is launched, right now it's command line and tricky to configure... reminds me of early Monero in terms of they focused on tech first and making it easier to use second.
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