REALLY need to get the wallet ASAP. I will be at work for the start of the sale so will need to know my wallet address as my wallet will be on my home PC and not at work. PLEASE, when will the wallet be available?
The wallet will be made available in due time before the ITO. |
|
|
|
If, despite this, it's still an issue, there are lots of bot algorithms that can drive up volume and/or reduce the spread. These sorts of market maker bots - or, for that matter, regular ol' human scalpers – would remove the problem.
Finally, the Blocknet will support an entire economy of services; liquidity will be, at best, an initial problem.
the same market maker bots are working currently on all exchanges (i ran one on polo) and they dont solve the slippage problem. why do you think that this would be better with your p2p-exchange? seriously: i dont want to downtalk your project. i just want to see if it is useful (atm i dont think so: but PLEASE convince me  If exchanges are useful to you (and by the sound of things they are) then why would the Blocknet somehow not be useful, especially if it massively increases usage of coins, thereby reducing slippage? Also, the slippage problem only applies to transactions above a certain size. Microtransactions for services won't be affected. So *even* if the Blocknet doesn't increase volume and liquidity, there's still no problem for microtransactions (i.e. service fees). |
|
|
|
Is there a minimum block sell volume for the project to go ahead and what is this amount?
We'll release a financial executive summary, an initial timeline, and detailed info on the ITO very soon. This question should be covered in it. I just don't have the info from the team as yet. |
|
|
|
but i dont want to own the network , i just want to use one app ...
and i already owned that app ( xc ) ....
everytime a new coin gets added to the blocknet it should loose some value imo
because holding is disencouraged
I disagree. Holding is not discouraged one bit. In fact, the Blocknet incentivises people to hold. This is because coins gain far greater market exposure and so the ones with quality features will see much better adoption rates. Correspondingly, speculators will buy the coin. Holders benefit. |
|
|
|
Some questions:
1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?
thanks !
Hi The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules: - Ten million tokens will be created and no more will ever be made available. - The price per token will be 0.00025 BTC. - Tokens purchased using a participating coin will be sold at a 10% discount. - Any unsold tokens will be provably destroyed. - The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway. You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time. For more info, see the OP, the FAQ below the OP, and also www.blocknet.com would you please say something about slippage when using another coins feature? its one of the main reasons i think this concept can never fly Hey , it was discussed earlier, here are the links https://bitcointalk.org/index.php?topic=829576.msg9305677#msg9305677https://bitcointalk.org/index.php?topic=829576.msg9306600#msg9306600i've read them AGAIN and still... no answer about slippage.. atomic exchange does not solve that problem Slippage is not an issue with microtransactions. If, for some reason, it's still is some kind of issue, if the exchange returns a quote before you go ahead then you'd not have a loss sprung on you. If, despite this, it's still an issue, there are lots of bot algorithms that can drive up volume and/or reduce the spread. These sorts of market maker bots - or, for that matter, regular ol' human scalpers – would remove the problem. Finally, the Blocknet will support an entire economy of services; liquidity will be, at best, an initial problem. |
|
|
|
wtf ... bold statement hilarious to predict a 450% rise on the proposition "the blocknets real-world value should equate to the total combined use-value of every coin in the blocknet." why should that be the case rofl? so you should integrate btc -> "real world value" = 5 billion haha and now they want 1 mio $ from us ... "hey give me 2500 btc for my coins ,which are actually worth 11000 btc" kidding? Let's not paste the above image without also quoting the following: I would like to apologise for the inclusion of the "Reasons to buy Blocknet shares" paragraph in the OP.
It was not intended as investment advice, but rather as a cursory summation of fundamentals.
It has now been removed.
|
|
|
|
Some questions:
1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?
thanks !
Hi The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules: - Ten million tokens will be created and no more will ever be made available. - The price per token will be 0.00025 BTC. - Tokens purchased using a participating coin will be sold at a 10% discount. - Any unsold tokens will be provably destroyed. - The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway. You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time. For more info, see the OP, the FAQ below the OP, and also www.blocknet.com |
|
|
|
Are there any specific plans or goals for software release(s) before the 29th that will inspire investor and user confidence? It seems like we may of moved from XChat development on traditional systems to mobile development? I realize you are very busy with the upcoming release of BlockNet infrastructure. Thanks.
A stable release of XChat across all platforms. I hope Dan is okay and the situation isn't too serious. Is everything still on track? Hi all Ursay, yes everything's as it's been; no change. Just to let you know that Dan is fine; an old injury can cause back pain, migraines, etc. and he just needs to take weekends sometimes. 12 hour workdays for months on end do no good. :-) Things are on track. A stable windows version is out; how about the other platforms everyone? Any issues? It's 1:30am here so I'm not going to stick around for long, but I'll read up on the thread in the morning. Arlyn, we miss you in this thread. Thanks for the update sir. Heh. Sorry for the past two days. I've been trying to design the Blocknet banners and stuff - and I'm no professional at design. Took damn ages! Worked out in the end. I now know how to use Adobe Illustrator. Hah. |
|
|
|
Are there any specific plans or goals for software release(s) before the 29th that will inspire investor and user confidence? It seems like we may of moved from XChat development on traditional systems to mobile development? I realize you are very busy with the upcoming release of BlockNet infrastructure. Thanks.
A stable release of XChat across all platforms. I hope Dan is okay and the situation isn't too serious. Is everything still on track? Hi all Ursay, yes everything's as it's been; no change. Just to let you know that Dan is fine; an old injury can cause back pain, migraines, etc. and he just needs to take weekends sometimes. 12 hour workdays for months on end do no good. :-) Things are on track. A stable windows version is out; how about the other platforms everyone? Any issues? It's 1:30am here so I'm not going to stick around for long, but I'll read up on the thread in the morning. |
|
|
|
Ill ask again, do we know if poloniex will have a nhz/block pair ??
This is likely, but only during the ITO. We'll confirm all the details of the ITO pretty soon. |
|
|
|
Does anyone know how coingateway works?
If i want to buy the blocknet with XC, do I deposit XC at coingateway?
You're given an address to pay XC to, and you enter an address to receive BLOCK on. Press the button and off it goes... |
|
|
|
|
Lucylovescrypto, that is some very old and solidly repudiated FUD.
Please don't come back.
|
|
|
|
The #Blocknet Twitter page is live!https://twitter.com/The_Blocknet[snip] Follow, share... spread the word everyone. (Wouldn't want anyone to miss out on ITO news after all.) I'm like those graphics, reminds me of DNA structures. Thanks. Yeah, they're carbon-based molecules - organic chemistry. |
|
|
|
The #Blocknet Twitter page is live!https://twitter.com/The_Blocknet Follow, share... spread the word everyone. (Wouldn't want anyone to miss out on ITO news after all.)
|
|
|
|
The #Blocknet Twitter page is live!https://twitter.com/The_BlocknetFollow, share... spread the word everyone. (Wouldn't want anyone to miss out on ITO news after all.)
|
|
|
|
I'm going to dump BlockNET under ITO price so every ITO investor have to wait whales accumulating under ITO price  It worked with every other pre sale this far And it's going to work again. Just have to buy enough and dump it. Smart buy after ITO when it's cheaper That makes no sense, but you go do that and lose your money. I guess, especially with the 10% discount, he could try kinda shorting the Blocknet ITO. But then again that would mean he sorta believes in Blocknet Funny strategy. I suppose it could work, but it sounds unnecessarily risky to me. A 10% price difference is not generally enough to count in a volatile market with potentially very high demand for tokens. |
|
|
|
Can I clarify what I think is a fundamental difference from SuperNET?
BlockNET is collecting money through the ITO for development. SuperNET ICO funds will be used to purchase shares in coins and revenue-generating assets. (It is also entering into revenue-share agreements, of course, without taking an equity stake.) BlockNET is presumably relying on revenue sharing with its partners?
If that's the case, then there is an obvious distinction in the type of organisations they are, reflected in the NAV, risk, reward and approach to growth of each (and consequently appealing to different demographics).
Is this correct?
i'd be interested in hearing thoughts on this.. Same here. Inquiring minds want to know. "The Blocknet has its own token of value. However it is not a coin but a share that earns dividends on every payment for every service on the Blocknet. Every time a service is rendered, the node(s) rendering the service receive payment directly from the node(s) that request it, and the Blocknet charges a micro-fee for supporting the service. Shareholders are eligible for payouts in proportion to the number of shares they own - the accounting for which is of course done trustlessly and in the public domain." Hi all Apologies for the delay in answering this question. I've been very busy (read: slightly overwhelmed) with background stuff. The initial question above approximately supplies its own answer. There's not a whole lot to add to it really, but I'll try break it down a little bit. SuperNET: - funds were used to purchase participating currencies to back the SuperNET's value - and to create various assets Blocknet: - funds are used to develop a lot of next-gen software (i.e. the XBridge, decentralised exchange, application platform, etc.) - funds will be used to enter the B2B market for various services (expect an executive summary regarding this pretty soon, which will include budgetary information and a roadmap) - BLOCK-holder profits come directly from the intrinsic functioning of the Blocknet - i.e. through the rendering of services So in comparison: - SuperNET is a make-money-with-money sort of project, whereas the Blocknet is a more straightforward software platform development project, coupled with make-money-from-services model for token holders. - SuperNET backs its value with assets (I've previously opined that this adds risk due to centralisation), whereas the Blocknet's value is a function of the value of its services. Feel free to add to this and build out the comparison. No doubt there are additional elements that could be included. SuperNET is a make-money-with-services as well.
Thank you! I think that's a useful way to distinguish them. It is worth saying that SuperNET will also include some impressive next-gen tech too (decentralised trustless and extremely private communication and transactions, instant cross-blockchain exchange, provably random p2p dice game etc), which James and others are building for free - or, at least, in return for a proportion of assets. So I suppose the pay model approximates the overall model as an equity stake. Both, of course, look to leverage network effect and reward strong tech. Depending on where each end up, it would be wrong to assume that collaboration is impossible. There could be significant opportunities for both in the future. It will be interesting to see where they each end up; I suspect they might not compete as much as some people think. Thanks for the contributions here. Nice one. Yes, the SuperNET certainly will have some next-gen tech. Speaking of which, I'll be updating the OP soon to reflect a number of conversations I've had on the differences between the Blocknet's and SuperNET's tech. My opinion is that the Blocknet's approach is truly P2P (rather than using RPC calls for a specific function) and that its mesh+DHT approach is superior to a straight DHT approach. Expect this OP update soon. On the topic of collaboration, personally I'd love it if SuperNET wallets get XBridges at some point. There's a clear benefit to that. And I expect us to both benefit from each other's code from time to time as the two projects develop. This is one of many ways in which competition can be mutually beneficial. |
|
|
|
|
Show Posts
