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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Atom/cosmos + binance copied and are inferior to Blocknet ? 300 x less market ca on: February 12, 2021, 01:17:49 PM
Given that my post implies an audience of developers, I'm pretty sure you can guess more-or-less what I mean. ;-)
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Atom/cosmos + binance copied and are inferior to Blocknet ? 300 x less market ca on: February 11, 2021, 11:53:21 AM
TL;DR:

Some people are trying to control the decentralized internet.

You shouldn't let them.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Atom/cosmos + binance copied and are inferior to Blocknet ? 300 x less market ca on: February 11, 2021, 11:44:28 AM
It's not clear what the merits of other "interoperability" projects are at a fundamental level.

Let's look at Cosmos IBC.

Step 1: wait for a state change to reach finality on some chain (e.g. BTC)

Step 2: build a Cosmos Hub
           --> complex; large attack surface
           --> why do you need a blockchain at all for this?

Step 3: get the Hub to reach finality about the event that's already reached finality on the Bitcoin blockchain
           --> redundant; wasteful

Step 4: launch a token to coax the Hub's validators to behave nicely and not do horrible things with the BTC
            --> an entire subsystem of complexity-risk and cryptonomic risk

Step 5: pick out a smallish list of validators to look after your chain (because DPoS/Tendermint doesn't scale to many validators)
            --> wait, there's now an inside group controlling the tokenisation of BTC!
            --> this inside group gets to decide what's true/real for the interchain
            --> the Bitcoin blockchain loses sovereignty over the existence of tokenised BTC

Step 6: tokenise BTC on another chain via the mediation of the Hub
            --> but wait, this has just placed a kind of intermediary into the interchain.
            --> at the interchain level, this is centralized
            --> it's the same sort of play that traditional business is used to: insert yourself into a value chain, engage in rent-seeking, extract value.
            --> why are we centralizing?



Why does this go wrong?
The decentralized internet needs an open protocol that's as chain-agnostic as TCP/IP is site-agnostic. Otherwise there will literally be no true "internet of blockchains."


Let me spell out how important this is:
Imagine your website was fundamentally less privileged than Facebook's, and in order to reach your site, traffic would have to go through Facebook.com. What would happen?
What would happen is another VHS-Betamax turf war.
We wouldn't have gotten an internet at all We'd just watch a fight between centralizing players.
If the protocols privilege one party over others, then people build competing protocols instead of building a far more valuable ecosystem upon one protocol.


Without open, unopinionated protocols, there would be no internet, there'd just be a turf war.


This might happen to the decentralized internet if the approach of Cosmos and Polkadot starts to fly.


So what do we do instead?
XRouter is an unopinionated, open protocol for the interchain.

It doesn't force value or traffic through some middle chain.
It doesn't privilege a middle chain's finality over that of the chains it connects with.
It doesn't have the complexity or risk of a Hub, its token, and its governance system.
It doesn't put an unscalable set of validators in charge.
It doesn't rob blockchains of their sovereignty over their coins when they're tokenised.


Time to build: https://api.blocknet.co/#xrouter
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][COS] CØSMOS, network of blockchains on: May 22, 2019, 04:12:27 PM
Having read your whitepaper, there's no question of your copying the Blocknet's technical approach. You're using DPoS and sidechains/sharding; we're using an inter-chain network overlay, a blockchain router, p2p messaging and atomic protocols.

However, when it comes to how you represent/market yourselves, there's a striking similarity in both concept and wording.
Consider, for example, the third paragraph of your whitepaper: this echoes, almost verbatim, the following:
- a sentence in the second paragraph of our last blog post
- a sentence in our last radio interview
- many other instances, over the course of at least the past year, in which we've described our goal as preserving the security properties of
blockchains in inter-chain scenarios.

Can you please paste the sentence from the second paragraph of your last blog post that you find strikingly similar?  I just want to make sure we're talking about the same parts.

Sure: "The Blocknet is an inter-blockchain application platform, devoted to creating solutions to inter-chain interoperability without sacrificing the security properties of blockchains."

Quote
I can't - and I'm not trying to - stop you from using "internet of blockchains" or phrases about "preserving security properties."
I'm not accusing you of plagiarism either.
But I request, as a matter of prior art, that you both (a) find equivalent but different ways of describing your project, and (b) that consider acknowledging - where relevant - that we precede you in pursuing the vision of inter-chain interoperability and were the first in carving out the concepts that you've arrived at.

I have no qualms changing the phrase.  "Network of blockchains"?  We'll take that then Smiley

Nice one. Sounds good :-)

Quote
I didn't pursue any vision of blockchains until early 2014.  Well, even before then, if you count the fact that since 2013 I had developed exchange software for a crypto-crypto exchange to compete with Cryptsy.  I abandoned that (https://github.com/jaekwon/ftnox-backend) and started working on Tendermint because it is what enables secure PoS.  And we have to get away from PoW in order for the security of many chains to be independent of each other.

http://tendermint.com/blog/security-of-cryptocurrency-protocols/

Looking at BlockNet's vision, it seems like we're fully aligned.  We're not even competing, we're both developing toward a shared system from different angles.  To call us plagiarizing is a stretch... we've created and proposed solutions to longstanding problems in the crypto space.

Absolutely. I'm explicitly not accusing you of plagiarism.

Quote
Here, I've changed our tagline.  We'll update them on our website too.  I acknowledge that jl777 has had great ideas, inevitable ideas.  I'd like for us to take part in the journey.  The internet of blockchains will not be centralized, or hierarchical.  Like the WorldWideWeb that preceded it, it is connected in every possible way.

Onward to a decentralised internet! For the record though, jl777 has nothing to do with the Blocknet. He's behind that SuperNET thing, right?
Anyway, yes, it's great that there are a few projects working toward "web 3.0".

All the best with the project,

Arlyn

Hi folks :-)

Arlyn here from the Blocknet.

A while back I chatted with Jaekwon (see above) about Cosmos's use of "internet of blockchains" and we mutually agreed that Cosmos would use "network of blockchains" instead.

I'd like to ask whether this project would mind changing "internet of blockchains" to "network of blockchains" on the following pages:
- Twitter: https://twitter.com/cosmos
- Cosmos website: https://cosmos.network/
- Github: https://github.com/cosmos/cosmos


Thanks very much, and best of luck networking blockchains together!


Arlyn


Re-posting because it got lost.

Awaiting your response (or to its duplicate on the Cosmos forum, or to the few requests on Twitter).


Renaming this thread to "Cosmos, internet of blockchains".

https://twitter.com/jaekwon/status/1130171337887166470

"Internet of blockchains" and the "interchain" are descriptive terms that shouldn't be trademarked nor owned by any single entity.  We're all building toward the interchain, and Cosmos is one frame of reference.  Long live Cosmos, internet of blockchains! Wink

Great to have closure on this at last! I look forward to the next generation of interchain dapps that will rely on both Cosmos and Blocknet services.

Dropping these here to affirm that this is a mutual understanding between the two of us. I don't control anyone at the Blocknet (reason: decentralization), so this is not a corporate statement, but my personal view is that the potential to build a decentralized ecosystem is better realised by our working toward it together.


5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Worlds 1st Blockchain Router: XRouter: Mix Match & Monetize any Blockchain on: April 23, 2019, 04:43:13 PM

That’s not true! Quant Network’s Overledger system has been doing this for a while and you must know it... how do you see yourselves vs their tech btw?

Quant runs centralized servers that users have access to... Blocknet is decentralized across hundreds of "Service Nodes" owned and operated by random people and projects around the world.  This maximizes uptime as well as security through decentralized consensus per the user's liking.

Blocknet's XRouter also allows Service Nodes to create and offer custom API endpoints for users in a completely permissionless fashion - if you were wanting to provide the ability to launch an asset on the Syscoin blockchain, with XRouter you could spend 2 minutes creating a custom plugin to provide this service via your own Service Node.  For Quant, you'd have to ask the Quant project to add this feature to their product offering.

Blocknet being fully decentralized is one of the major differences... and an extremely important difference at that.


I'm with 86B here.


The value of centralized tech to a decentralized world is marginal.


And in this case, the value of essentially the same function in decentralized form is the difference between the current state of the internet and the interchain.


It's an entirely new world.

6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][COS] CØSMOS, network of blockchains on: April 15, 2019, 03:15:08 PM
Having read your whitepaper, there's no question of your copying the Blocknet's technical approach. You're using DPoS and sidechains/sharding; we're using an inter-chain network overlay, a blockchain router, p2p messaging and atomic protocols.

However, when it comes to how you represent/market yourselves, there's a striking similarity in both concept and wording.
Consider, for example, the third paragraph of your whitepaper: this echoes, almost verbatim, the following:
- a sentence in the second paragraph of our last blog post
- a sentence in our last radio interview
- many other instances, over the course of at least the past year, in which we've described our goal as preserving the security properties of
blockchains in inter-chain scenarios.

Can you please paste the sentence from the second paragraph of your last blog post that you find strikingly similar?  I just want to make sure we're talking about the same parts.

Sure: "The Blocknet is an inter-blockchain application platform, devoted to creating solutions to inter-chain interoperability without sacrificing the security properties of blockchains."

Quote
I can't - and I'm not trying to - stop you from using "internet of blockchains" or phrases about "preserving security properties."
I'm not accusing you of plagiarism either.
But I request, as a matter of prior art, that you both (a) find equivalent but different ways of describing your project, and (b) that consider acknowledging - where relevant - that we precede you in pursuing the vision of inter-chain interoperability and were the first in carving out the concepts that you've arrived at.

I have no qualms changing the phrase.  "Network of blockchains"?  We'll take that then Smiley

Nice one. Sounds good :-)

Quote
I didn't pursue any vision of blockchains until early 2014.  Well, even before then, if you count the fact that since 2013 I had developed exchange software for a crypto-crypto exchange to compete with Cryptsy.  I abandoned that (https://github.com/jaekwon/ftnox-backend) and started working on Tendermint because it is what enables secure PoS.  And we have to get away from PoW in order for the security of many chains to be independent of each other.

http://tendermint.com/blog/security-of-cryptocurrency-protocols/

Looking at BlockNet's vision, it seems like we're fully aligned.  We're not even competing, we're both developing toward a shared system from different angles.  To call us plagiarizing is a stretch... we've created and proposed solutions to longstanding problems in the crypto space.

Absolutely. I'm explicitly not accusing you of plagiarism.

Quote
Here, I've changed our tagline.  We'll update them on our website too.  I acknowledge that jl777 has had great ideas, inevitable ideas.  I'd like for us to take part in the journey.  The internet of blockchains will not be centralized, or hierarchical.  Like the WorldWideWeb that preceded it, it is connected in every possible way.

Onward to a decentralised internet! For the record though, jl777 has nothing to do with the Blocknet. He's behind that SuperNET thing, right?
Anyway, yes, it's great that there are a few projects working toward "web 3.0".

All the best with the project,

Arlyn

Hi folks :-)

Arlyn here from the Blocknet.

A while back I chatted with Jaekwon (see above) about Cosmos's use of "internet of blockchains" and we mutually agreed that Cosmos would use "network of blockchains" instead.

I'd like to ask whether this project would mind changing "internet of blockchains" to "network of blockchains" on the following pages:
- Twitter: https://twitter.com/cosmos
- Cosmos website: https://cosmos.network/
- Github: https://github.com/cosmos/cosmos


Thanks very much, and best of luck networking blockchains together!


Arlyn


Re-posting because it got lost.

Awaiting your response (or to its duplicate on the Cosmos forum, or to the few requests on Twitter).

7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Freaking irritating! on: November 17, 2018, 06:06:06 PM
CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.


I don't think that we have any truly decentralized exchanges as of yet. I do suspect that in time we'll have an exchange that has no entity controlling its development, maintenance etc. Hopefully some sort of open source exchange in which all users are in control of their own funds and the trades that they execute. A lot of DEX's currently are more like hybrids between a centralized and a decentralized exchange, mostly around the fact that they don't hold users funds.


I have an obvious conflict of interest here, but I've spent the last 4 years working on the Blocknet, which meets the requirements for a completely decentralized exchange.

Quick summary:
To decentralise an exchange, at a minimum you have to decentralize the four core functions of an exchange:
- capital storage
- order broadcast
- order matching
- settlement

Over and above that, you certainly need:
- open source code
- no company or central legal entity
- globally distributed community of developers
- no entity with control over trades
- no central control over listings

We've done all of this.
Check out https://blocknet.co
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][COS] CØSMOS, network of blockchains on: May 08, 2018, 03:02:49 PM
Having read your whitepaper, there's no question of your copying the Blocknet's technical approach. You're using DPoS and sidechains/sharding; we're using an inter-chain network overlay, a blockchain router, p2p messaging and atomic protocols.

However, when it comes to how you represent/market yourselves, there's a striking similarity in both concept and wording.
Consider, for example, the third paragraph of your whitepaper: this echoes, almost verbatim, the following:
- a sentence in the second paragraph of our last blog post
- a sentence in our last radio interview
- many other instances, over the course of at least the past year, in which we've described our goal as preserving the security properties of
blockchains in inter-chain scenarios.

Can you please paste the sentence from the second paragraph of your last blog post that you find strikingly similar?  I just want to make sure we're talking about the same parts.

Sure: "The Blocknet is an inter-blockchain application platform, devoted to creating solutions to inter-chain interoperability without sacrificing the security properties of blockchains."

Quote
I can't - and I'm not trying to - stop you from using "internet of blockchains" or phrases about "preserving security properties."
I'm not accusing you of plagiarism either.
But I request, as a matter of prior art, that you both (a) find equivalent but different ways of describing your project, and (b) that consider acknowledging - where relevant - that we precede you in pursuing the vision of inter-chain interoperability and were the first in carving out the concepts that you've arrived at.

I have no qualms changing the phrase.  "Network of blockchains"?  We'll take that then Smiley

Nice one. Sounds good :-)

Quote
I didn't pursue any vision of blockchains until early 2014.  Well, even before then, if you count the fact that since 2013 I had developed exchange software for a crypto-crypto exchange to compete with Cryptsy.  I abandoned that (https://github.com/jaekwon/ftnox-backend) and started working on Tendermint because it is what enables secure PoS.  And we have to get away from PoW in order for the security of many chains to be independent of each other.

http://tendermint.com/blog/security-of-cryptocurrency-protocols/

Looking at BlockNet's vision, it seems like we're fully aligned.  We're not even competing, we're both developing toward a shared system from different angles.  To call us plagiarizing is a stretch... we've created and proposed solutions to longstanding problems in the crypto space.

Absolutely. I'm explicitly not accusing you of plagiarism.

Quote
Here, I've changed our tagline.  We'll update them on our website too.  I acknowledge that jl777 has had great ideas, inevitable ideas.  I'd like for us to take part in the journey.  The internet of blockchains will not be centralized, or hierarchical.  Like the WorldWideWeb that preceded it, it is connected in every possible way.

Onward to a decentralised internet! For the record though, jl777 has nothing to do with the Blocknet. He's behind that SuperNET thing, right?
Anyway, yes, it's great that there are a few projects working toward "web 3.0".

All the best with the project,

Arlyn

Hi folks :-)

Arlyn here from the Blocknet.

A while back I chatted with Jaekwon (see above) about Cosmos's use of "internet of blockchains" and we mutually agreed that Cosmos would use "network of blockchains" instead.

I'd like to ask whether this project would mind changing "internet of blockchains" to "network of blockchains" on the following pages:
- Twitter: https://twitter.com/cosmos
- Cosmos website: https://cosmos.network/
- Github: https://github.com/cosmos/cosmos


Thanks very much, and best of luck networking blockchains together!


Arlyn
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: December 06, 2017, 02:30:30 PM
Hy, can you post a Slack Invite link that work?

Thank you

We moved to Rocket Chat:

https://webapp.blocknet.co
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: December 06, 2017, 02:25:38 PM
A writeup on our upcoming decentralized exchange

11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: October 25, 2017, 12:09:39 PM


Tweets on what defines a decentralized exchange


(because there seem to be many exchange projects that ought not be thought of as decentralized)



12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: September 07, 2017, 05:08:09 PM


Breaking: Bitcoin Cash orders successfully placed on the Blocknet decentralized exchange!








13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: September 07, 2017, 04:45:24 PM


Hi all

Here's an update on last week's funding vote by the community:



The proposal as per https://docs.google.com/spreadsheets/d/1ijOongxJRSj5jEbuLahQN5McGVLyJ9dtYWJYaaWi5q0/edit?usp=sharing was approved by the community by an overwhelming majority.

Here's to the future, where we'll use our new governance system, a demonstrably transparent and fair way to guide the development of the Blocknet!


14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 30, 2017, 10:36:10 PM
Hey Guys.... Blocknet got a mention on Youtube by Carter Thomas at Coin Mastery https://www.youtube.com/watch?v=XYZsadeiTb0.  I know a lot of people that follow him and I think his input is very valuable to the project especially now that it's on the rise.  He currently has 18K followers!  He seemed pretty interested in Blocknet and it's use case, but he has one big issue was transparency with the development team.  To be honest, it's never really bothered me as a long time investor until now that he just mentioned it.  I've been investing in and watching Blocknet since the beginning in 2014.  In the last 3-6 months I've noticed that all the new coins that are really taking off and new ICO's are putting faces to the project.  I think this is something that has definitely changed and something that the Blocknet team should change too.  I think in the past with government regulation and such, developers were afraid to step in front of the camera for whatever reason.  I think now that mass adoption is occurring and people with big money are entering the market, this is something that needs to change for Blocknet to increase investor confidence.  I don't really see any negative drawback's to not doing it as there may have been in the past.  Again, that's my $.02, but I think the point is really valid.  I'm a member of the Slack group, so I'll probably pop over there at some point and mention it.

Again, in my opinion, we got a good mention on Youtube and I'm pretty sure more will follow soon!  I hope we keep up the solid momentum and Blocknet continues on it's upward trend!!  My holding is getting crazy valuable, but I still don't see any reason to let it go!!          

Thanks for telling us about that video!

Yes, our identities have been public since before we founded the Blocknet:
- Arlyn Culwick (me): https://www.linkedin.com/in/arlynculwick/
- Dan Metcalf: https://www.linkedin.com/in/dan-metcalf-b821a812/



I think Carter was more or less saying there was nothing on the website that he could find, that said who the developers are and what projects they have been involved with.  My advise would be to implement some small changes on the website to make that information more accessible and transparent.  Again, I think it creates investor confidence and shows there isn't anything to hide.  Also now that it's been mention by someone a lot of people are following, it would be great to see it changed so anyone looking back or researching the coin will see the concerns were heard and addressed.  His comparison to ARK was very apparent where it shows the development team, pictures of them and what experience they have to hep the coin move forward.

Again, I think we are on the way up and we need investor support.  Anything that could help that should be implemented.  I'm sure it's an easy change for you guys to the website.   

Yes, you're right.

On the other hand, that guy really didn't do his research.
For example, our tech is (a) actually real, and working, and (b) truly decentralized. That can't be said of ARK, and if he knew that it would've changed his assessment completely.
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 30, 2017, 09:57:30 PM
Hey Guys.... Blocknet got a mention on Youtube by Carter Thomas at Coin Mastery https://www.youtube.com/watch?v=XYZsadeiTb0.  I know a lot of people that follow him and I think his input is very valuable to the project especially now that it's on the rise.  He currently has 18K followers!  He seemed pretty interested in Blocknet and it's use case, but he has one big issue was transparency with the development team.  To be honest, it's never really bothered me as a long time investor until now that he just mentioned it.  I've been investing in and watching Blocknet since the beginning in 2014.  In the last 3-6 months I've noticed that all the new coins that are really taking off and new ICO's are putting faces to the project.  I think this is something that has definitely changed and something that the Blocknet team should change too.  I think in the past with government regulation and such, developers were afraid to step in front of the camera for whatever reason.  I think now that mass adoption is occurring and people with big money are entering the market, this is something that needs to change for Blocknet to increase investor confidence.  I don't really see any negative drawback's to not doing it as there may have been in the past.  Again, that's my $.02, but I think the point is really valid.  I'm a member of the Slack group, so I'll probably pop over there at some point and mention it.

Again, in my opinion, we got a good mention on Youtube and I'm pretty sure more will follow soon!  I hope we keep up the solid momentum and Blocknet continues on it's upward trend!!  My holding is getting crazy valuable, but I still don't see any reason to let it go!!          

Thanks for telling us about that video!

Yes, our identities have been public since before we founded the Blocknet:
- Arlyn Culwick (me): https://www.linkedin.com/in/arlynculwick/
- Dan Metcalf: https://www.linkedin.com/in/dan-metcalf-b821a812/

16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 15, 2017, 06:13:58 PM
Hi all
We're hiring! Please spread this far and wide: https://blocknet.co/?p=349

DEVELOPERS WANTED
The Blocknet is seeking highly qualified developers and engineers to work on one of crypto’s most exciting projects, a decentralized exchange.
Join an ever-growing global team of developers in our 24/7 dev operation building the Blocknet.

As part of the move toward becoming a self-funded, decentralized project, our dev team is going to become a globally distributed, 24/7 operation. The team will utilise Gitian, which features a deterministic build process to remove the need to trust any one dev's builds or require a centralized source for authoritative builds.
 
Required skills
-c++ (and can code without an IDE)
-agile development
-git
-continuous deployment/continuous integration
-linux/bash
-vim/gmacs
-gitian build process
-travis-ci
-Jenkins
-python
 
Apply
To apply, join Slack or write to contact [at] blocknet.co.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 14, 2017, 07:51:41 PM
Each of you are right in one respect or another.

BUT we could release a decentralized trading app with an integrated multiwallet.

That way, you'd not have to download anything other than the app.

Sound good?
Yes a multiwallet sounds very good indeed! Can you confirm that the production blockchain will be released this month?

Yes, that is planned.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 14, 2017, 07:07:40 PM
When Blocknet will be more user friendly?

Doesn't seem like it atm.  From what I gather, you must download the wallet of each trading pair in order to conduct a trade.  It remains to be seen if people will actually go through the effort. 

Hi.  While it is true that RIGHT NOW you must download whole blockchains, this will not remain true for very long.  This is from the road map posted on the previous page (In Bold):

Quote
Production blockchain launch
- Service nodes launch on mainnet
- Design specification document ("white paper")
- Decentralized exchange app ("UI")
- Decentralized exchange SPV multiwallet (no full blockchains)

Once SPV in up and running, you will no longer have to download full Blockchains. :0

Oh no not again. Truxton....lijoe408 never mentioned anything about downloading ENTIRE BLOCKCHAINS. Yes we are all aware someday you'll tackle spv and you won't have to wait days while each blockchain is synced but that's beside the point. What he was bringing up, and which several others have brought up, is the fact that users will still have to download the wallets (NOT entire blockchains) of each coin they want to trade which will be a royal pain in the butt and a big turn off for any user looking to use blocknet. Crypto is complicated enough as it is, users want straight forward and easy to use tech. Ya we know blocknet is safer but if it isn't as user friendly as centralized exchanges it's got a tough road ahead of it.

Think about it for one second.   The only time you are in control of your coins is...?   You have your own private key and when you have your private key, you will need...?   That's right.  The wallet of the coins that you control....    You can't ask for control of your coins and then NOT have the wallet of the coin you want to be in control of.....

Each of you are right in one respect or another.

BUT we could release a decentralized trading app with an integrated multiwallet.

That way, you'd not have to download anything other than the app.

Sound good?

19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 14, 2017, 02:32:28 PM
hello everybody, i want to use the Blocknet exchange daily and be a long term investor in the BLOCK coin, after i studied a while i have few questions.


1. IS BLOCKNET the answer to what happened to BTC-E recently, a decentralized exchange where authorities can't seize honest client assets anytime they want?
2. What will happen after you will have a huge exchange volume and possible you will be accused for money laundering ( even if not true), you will submit to the authorities
and implement a KYC/AML verification process?
3.  When you plan to release the Decentralized exchange SPV multiwallet along with a user-friendly interface?
4. How BLOCKNET will be different than BITSHARES, Waves, Agama, or  COINOMI(shapeshift) app and how do you plan to overcome them?
5. Do you plan to invest in PR and bring a promoter to do what Charlie Lee makes for LTC, Amanda Johnson for Dash or Julian Hosp for Tenx Pay coin,
a local hosted decentralized exchange is a great idea, but is worth nothing if you will have a small volume exchange.

I hope somebody can answer to these questions, i ve lost most of my funds in the btc-e exchange, since then i'm looking for a local descentralized
exchange.

|Thank you


Hey

Very sorry to hear you fell victim to BTCe! It's awful.

1. Yes, when trading over the Blocknet, you hold your coins the entire time and no third party gains control over them.
2. The Blocknet is not a company, it is infrastructure. You can't really take a road to court. Being decentralized, it's also about as unstoppable as Bitcoin.
3. The UI is in development already. An SPV multiwallet will either come after that, or will be developed concurrently.
4. The Blocknet is the only decentralized exchange technology that decentralized the four core functions of an exchange: deposits, order broadcast, order matching, and coin exchange. Every other technology we're aware of has not achieved this.
5. Yes. With the launch of our production blockchain, we will become capable of funding marketing activities and employing marketing people.
5a. Regarding you remark about a small volume exchange being worth nothing, we plan to integrate with Ethfinex, Bitfinex's decentralization initiative, which will give users of our technology access to Bitfinex's order book, completely removing any issue of low liquidity or volume.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: August 08, 2017, 10:07:59 PM
so basically the launch of the new mainnet is a hardfork of the then old blocknet chain?

No, it's a migration to a new blockchain.
Further details are in the press release.
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