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So because of FUD week, there are approximately 950-1000 BTC sold for blocks out there, out of the potential 2500BTC in announcement. Our blocks are way more valued than they would have been  Yep. Plus those who did not think their investment seriously and week hands sold already. Now I think most coins are held by people who really believe in the project and support it. That I think is a really good thing. |
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At this point there is no reason to sell on bittrex unless somebody wants to hurt the project on purpose.
Those who bought at bittrex cannot lose anything no matter what the numbers will be at the end.
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Last time I checked CoinGateway had sold 1,820,142.00 tokens, but I will get updated #'s
I have copied their transaction history for BLOCK and put into Excel. Here's the stats as of 1 hour ago (without the 10%):  And without these transactions which were stuck at the start and processed manually too http://wiki.blocknet.co/index.php/Addresses_of_Blocknet_AssetsI have also been through those wallet balances and compared them to the amount sold on coingateway: Apex (APEX): AeBeaFvNbYPLKmUnZZyxoqSGzFL6uh9AUA Balance: 325,608.09364232 Exchanged: 351,119.739 Difference: -25,511.64535768 APEX BitSwift (SWIFT): bYMstRCJ7YCUqhm5A5Q9wvyNRYyL1RugSd Balance: 191,963.70558638 Exchanged: 182,615.1011 Difference: +9,348.60448638 SWIFT Fibre (FIBRE): FQ8KQJio7ncdMDKYDaBH4eV1bQaWP1ufAF Balance: 26,262.23414526 Exchanged: 22,581.9797 Difference: +3,680.25444526 FIBRE LibrexCoin (LXC): DSJZAgkYxsFoU7UdUtLxHVddg5NVvctCe7 Balance: 68,918.36344923 Exchanged: 48,484.9313 Difference: +20,433.43214923 LXC StealthCoin (XST): SLcP3vckWKkZYdUuYw46b9vAXvWZ3xvsM9 Balance: 1,244,874.457323 Exchanged: 1,604,616 Difference: -359,741.542677 XST UtilityCoin (UTIL): UaiwbBREPphtqNB832gVpLy4B5AFwwuBFX Balance: 60,417.15863445 Exchanged: 55,974.39 Difference: +4,442.76863445 UTIL XCurrency (XC): XXVTS3279gzC5kagTCrEe4x5R7urnm6h2b Balance: 340,473.460578 Exchanged: 294,647.2546 Difference: +45,826.205978 XC Sonic (SSD): (Still on exchange due to wallet sync issue) Balance: ? Exchanged: 960,198.4854 There's obviously been some staking on those wallets but some of those differences are quite large. The orders that were processed manually because of technical problems are not shown in the orders history at coingateway.net. That makes the difference. I know that because I checked after one of my orders was processed manually. |
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I want to buy, but i only have BTC  and participating coins don't have enough liquidity to buy Try on Poloniex and Bter , some are still selling below the ITO price I tried poloniex, no luck. Want to buy 3 BTC worth of it, no way it will get me filled, even a small portion doesn't work, someone else puts an order above me aswell On Bittrex there seems to be some available for 0.00025001 and there is still some trading activity so if you put up an order for 3 BTC @ 0.00025001 it will probably get filled in a few hours. However you will be able to withdraw your Blocks only in 2 days from now. |
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This isn't my first rodeo,a few anonymous trolls are not going to stop me.
Yes my passion is about the power within the blockchain and its nodes, as there are endless possibilities and opportunities, we are building the future today...
+1 Thank you. |
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So much drama here!  The world would be so much better if people would take responsibility for their decisions and actions instead of blaming others. Dear Blocknet Team!I'm addressing that to you as well. Why can't you stand out before the community and admit that this whole ITO was fucked up, and you are partially responsible for that even if you could not possibly foresee all the screw-ups and attacks against you? Most importantly why don't you step up and stand behind your project? If you really believe in Blocknet and that you are capable to implement it, why is it so hard to say that "Guys, we believe in this and will implement it!" Don't be the team that says "We have this great idea that can change the crypto landscape and have the talented programmers as well to implement it - but you know what? we won't do that." Your current stance is actually quite disturbing, as you basically say: "Well we might go on with the project... it really depends on what the guys at Bittrex are doing." You see the support of the community - well at least part of it. People invested in your idea. No matter how the Bittrex refund ends, I cannot imagine that the collected funds will be less than 750 BTC. (500+ sold on Coingateway, 50+ on Polo, 100+ on Bter and not everybody will refund on Bittrex) Standing out for your project could win back some respect. If you cancel the project at this stage you will loose the respect of even more people. Which one looks better: "Blocknet team stands behind their idea and starts implementation." or "Blocknet implementation cancelled because only 92% of funds raised."? If I would want to go even further I could say, that the original ITO rules stated that if at least 850 BTC will be raised by the end of the ITO period (i.e. Nov 5th) the project will be started. More than 1000 BTC had been raised by the end of the ITO period. What are you talking about now possible cancellation of the project and refunds? Take responsibility for what you say and do, please!If you really consider cancelling the project and issuing refunds: If you had not enough control on the exchanges to enforce the rules of the ITO I'm sure you will not have enough control to enforce the refund rules, either. And who will lose on the whole thing? Those who believed in you and supported the project. Not to mention that lots of people will not be able to get a refund from coingateway, because they sent their coins from an exchange. So you sell the remaining alts at ITO price? - how do you please do that if there is not enough liquidity and lots of coins are currently trading for less anyway? No matter how fair you try to be, some people will be left with some Blocks, that will be worthless if the project does not start. Again you screw your supporters. I don't want to discredit your efforts on trying to defend yourself and the project against the attacks, I respect your efforts. But if you fight for the project on one front then don't let the possibility open to drop the whole thing. All the above I wrote in the belief that you are honest about your plans with Blocknet and don't want to screw people. I still did not lose my trust in you and holding on to my Blocknet investment as well. If the whole thing is a scam, then of course you can ignore all that I wrote. And in that case all my respect to you, it has been a really clever one. I'd appreciate some answer. And once again, why don't you just put an end to all this speculation about what if x btc is sold back? By standing out for the project you believe in. If you believe in it, that is. |
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So much drama here! The world would be so much better if people would take responsibility for their decisions and actions instead of blaming others. Dear Blocknet Team!I'm addressing that to you as well. Why can't you stand out before the community and admit that this whole ITO was fucked up, and you are partially responsible for that even if you could not possibly foresee all the screw-ups and attacks against you? Most importantly why don't you step up and stand behind your project? If you really believe in Blocknet and that you are capable to implement it, why is it so hard to say that "Guys, we believe in this and will implement it!" Don't be the team that says "We have this great idea that can change the crypto landscape and have the talented programmers as well to implement it - but you know what? we won't do that." Your current stance is actually quite disturbing, as you basically say: "Well we might go on with the project... it really depends on what the guys at Bittrex are doing." You see the support of the community - well at least part of it. People invested in your idea. No matter how the Bittrex refund ends, I cannot imagine that the collected funds will be less than 750 BTC. (500+ sold on Coingateway, 50+ on Polo, 100+ on Bter and not everybody will refund on Bittrex) Standing out for your project could win back some respect. If you cancel the project at this stage you will loose the respect of even more people. Which one looks better: "Blocknet team stands behind their idea and starts implementation." or "Blocknet implementation cancelled because only 92% of funds raised."? If I would want to go even further I could say, that the original ITO rules stated that if at least 850 BTC will be raised by the end of the ITO period (i.e. Nov 5th) the project will be started. More than 1000 BTC had been raised by the end of the ITO period. What are you talking about now possible cancellation of the project and refunds? Take responsibility for what you say and do, please!If you really consider cancelling the project and issuing refunds: If you had not enough control on the exchanges to enforce the rules of the ITO I'm sure you will not have enough control to enforce the refund rules, either. And who will lose on the whole thing? Those who believed in you and supported the project. Not to mention that lots of people will not be able to get a refund from coingateway, because they sent their coins from an exchange. So you sell the remaining alts at ITO price? - how do you please do that if there is not enough liquidity and lots of coins are currently trading for less anyway? No matter how fair you try to be, some people will be left with some Blocks, that will be worthless if the project does not start. Again you screw your supporters. I don't want to discredit your efforts on trying to defend yourself and the project against the attacks, I respect your efforts. But if you fight for the project on one front then don't let the possibility open to drop the whole thing. All the above I wrote in the belief that you are honest about your plans with Blocknet and don't want to screw people. I still did not lose my trust in you and holding on to my Blocknet investment as well. If the whole thing is a scam, then of course you can ignore all that I wrote. And in that case all my respect to you, it has been a really clever one. |
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@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.
If they sell to whale > whale dump> whale get BTC>whale Buy back>whale dump>whale sell>whale dump. Am I missing something? The amount of blocks does not change but the Dumps change Thats the point. No new blocks come into the system. Bittrex is not selling anymore and deposits are disabled. And most likly those who are selling at 0.000251 want to be out anyway. |
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@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.
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it is not easy to calculate on bittrex cause some fellas set buy orders for 25k satoshi. That nerves.  Are they stupid or is that tactical? I guess about 50- 55 BTC refunded on Trex. From reading previous posts, Bittrex put up a 420 BTC buy wall. Right now 372 BTC remains, meaning that 48 BTC worth of BLOCK has been refunded. I'm keeping mine, and will not be taking a refund. Just waiting on the 48 hours to finish, so I can transfer out of the exchange and add to my wallet. 48 already?! Thats not good. How dissapointing. This project could have been great but looks like its about to be ruined by some f***ing idiot fudders. The sad thing is that the refund at Bittrex hasn't been set up because of the fud, but because the other exchanges did not enforce the ito rules. But now everybody who changed his mind uses the opportunity to leave. |
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A question :
If, Blocknet project starts, are there any other coins which have said they want to be part of it ?
Yes, lots have. I get a lot of PMs. :-) Once the Foundation's Board is in place, we'll establish procedures for ratifying coins. We'll also publish a schedule of regular meetings, at which coins can propose to develop Blocknet-relevant technology and apply for funding. At this stage, we'll be in a position to consider adding new coins to the Blocknet. May there be many! Great news ! Well, with all those infos coming out, I think most are keeping their Blocks now  If more coins join blocknet it means block holder will benefit more fee plus blocknet value will go up as well as the coins that in the blocknet value should go up to Any suggestions Thanks The value of anything depends on the perception of all people participating in the market for the asset. Since people's valuation and opinion about something is not based on any rational algorithm and can change drastically in an instant (as you see often on this forum) there is no possible way to tell what will be the value of anything in the future. There is absolutelly no correlation between the number of participating coins in the blocknet and the value of blocknet. However more coins can positively affect the perception of blocknet thus make people to value it more. About the fees: Yeah, if more coins are participating, then the chances of more transactions are greater. Meaning more fees. |
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It would maybe help, if now that the is ITO is officially over, some exact numbers would be released from all the exchanges (apart from Bittrex). And then maybe we could see that the refunds at Bittrex will not matter much, because the minimum funds for starting the project has been collected on the other exchanges. And then nobody would worry about the failure of the ITO anymore.
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The minimum requirement for the success of the ITO is defined as 850 BTC.
But lots of sales were not in BTC.
Synechist, could you please confirm that with the 850 BTC requirement you mean (total_number_of_BLOCKs_sold * 0.00025 > 850).
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A few more questions:
1. The Blocknet Foundation issues the tokens and puts up all for sale? Why does the foundation not keep some of the tokens for itself? I think that would show more commitment for the success of the project.
2. Who will be working on the implementation of the Blocknet? Dan from XC, I guess. But anybody else? As I understand the developers of the participating coins will mostly work on the services of their coins, right?
Synechist, could you please address these questions?
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You can buy Blocknet tokens using any participating coin.
At Bter and Bittrex there will probably only be a BTC:BLOCK pairing.
At Poloniex there will probably be a BTC:BLOCK and NHZ:BLOCK pairing.
At CoinGateway all the other coins will be paired to BLOCK.
After the ITO, only BTC:BLOCK pairings will be available (because it makes no sense for participating coins to trade against the Blocknet when they function to give value to the Blocknet).
How do we buy then with the other participating coins? Only possible at CoinGateway? The price of BLOCK is fixed in BTC. But the price of all other participating coins are continously fluctuating against BTC. Furthermore different exchanges have different prices. So how do you determine the BLOCK price in other coins? Will you simply take the market price of each coin at the start date of the ITO and calculate with that? And then take the 10% off of that price? Will the initial supply of BLOCKs be evenly distributed between the 4 exchanges? |
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