You seem smart but always fail to present facts accurately.
SuperNET is a make-money-with-services as well.
Is that just a less-than-charitable way to ignore the following statement? Feel free to add to this and build out the comparison. No doubt there are additional elements that could be included.
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guys mobile wallet was promised for yesterday for testing none is here since nearly two days from the team...what's up??
That's incorrect Cryptico. Dan's message was: The app for testing *should* be ready tomorrow
Dan is struggling with an injury. You'll hear from him. Just give it time. Oh shit I did not know about that. Hope is nothing serious. He's fine. It's nothing recent. |
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guys mobile wallet was promised for yesterday for testing none is here since nearly two days from the team...what's up??
That's incorrect Cryptico. Dan's message was: The app for testing *should* be ready tomorrow
Dan is struggling with an injury. You'll hear from him. Just give it time. |
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Benthach, you have given no reason why Blocknet tokens "will have no interest and on incentive" (sic).
Unless you can give a reason, your post is purely a subjective opinion.
And unless you can provide a solid argument behind your reason, nobody will be persuaded.
Finally since your post is loaded with emotive and negative terms, it is FUD. Please do not post FUD again here.
Here's a list of reasons why Blocknet tokens are worth buying.
Section 1: The Blocknet is the internet of blockchains; it provides what crypto needs most:
- a feasibly-sized userbase for coins, so their tech can actually get used
- a platform to turn coins' tech into services, so tech can generate revenue
- a method of converting all of crypto into a B2B services offering of incredible power
As such, the Blocknet stands to change the entire landscape of crypto, and become a foundational pillar of crypto for the indefinite future.
Section 2: shareholders get to profit from the Blocknet's status as a foundational pillar:
- holders receive fees
- holders profit if their tokens increase in value
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I would like to ask in what will be spent the money you get in the ITO?
Hey hey The FAQ below the OP gives some cursory information on what the funds will be spent on. In the next few days we will release more detailed information on how the funds will be used. |
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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. |
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how about making that right arrow a "B"
the "B" for Blocknet
not in a position to adjust the pic now to show what I mean
I reckon it's a 'B" already. :-) |
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I see CoinGateway is already prepared for the ITO on the 29th.  Yes, good! There is no account needed there either really nice to see that, apart from the fact that the logo is a rip off from Nintendo's Gamecube  How about this then?  |
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Can anyone point me in the direction of the rules regarding buying the blocknet tokens with a currency like XC. I'm thinking what's the deal with purchasing them if you can purchase them with multiple currencies?
Thanks for any help
Where can I buy Blocknet or is it just buying the coins that are part of Blocknet? As I have some of them already
When ITO starts there will be sell walls of BlockNet tokens on Bittrex , Poloniex , Bter - pairs BTC/BLOCK You will be able to buy also BlockNet tokens on coingateway.net with participating currencies at a 10% discount , there will be custom page created for it You have to figure out the best way for you, we will see also what the prices of participating currencies are when ITO starts After ITO, BlockNet shares will be still tradeable on mentioned exchanges , BLOCK/BTC pairs will stay there Are we able to sell the tokens for BTC after the sale is over?
Yup. At Bittrex, Poloniex, Bter, and Coingateway. The BTC:BLOCK pairing will continue until tokens are redeemable for NHZ assets (when fee payouts begin). Awesome, Thanks dude  But will it be possible to sell the tokens for BTC AFTER the NHZ Assets come into play as well? ^^ In how many days after ITO will the trading of Block/BTC begin?
The Block:BTC pairings will begin at the start of the ITO and will never stop. The ITO is just a sell wall on a pairing. Many Questions  So, for instance, I could buy Tokens via Coingateway with Stealthcoin and have them sent to a walletaddress on bittrex? Then the tokens are good to go from the wallet on the exchange!? Yes you will be able to do that. Feel free to exercise caution and send fractions of a token to begin with. But you'll have a standard PoS wallet until the Blocknet tech is released, so everything will work as QT-wallets always do. |
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Hahaha seriously what a joke. I cant believe I have to even respond to this shit. But here goes because lets be real for a moment, they are lying their asses off to play the victim card here. If anyone wants the EVIDENCE feel free to PM me and Ill give it to you since they deleted my innocent posts when I was talking to a random in that thread that had nothing to do with the coin or "team" at all. Here is the facts. I am in Australia like a lot of people right. I keep tabs on a LOT of coins...ironic isn't it. One person in that thread (notice how I didn't respond to the coin/direction at all but JUST ONE PERSONS POST) He mentioned he HAD A bitcoin ATM machine on the Gold Coast......all I pointed out to them verifiable facts that there was a massive police raid and a bitcoin owner got arrested and was mixed up in motor cycle gangs and drugs....now how am I fudding exactly ? http://www.couriermail.com.au/news/queensland/drugs-targeted-in-raids-across-brisbane/story-fnihsrf2-1227093535932http://www.sunshinecoastdaily.com.au/news/bitcoin-atm-owner-and-suspected-bikies-arrested-ra/2422968/It s a bunch of bullshit if you ask me, and I would appreciate it if you got your facts correct before you cry wolf. Its that attitude why I dont trust you qibucks. So in future if you are going to come in here and fud, dont you dare say I am solely an XC supporter when I am not, I am invested here and in a shit load of other coins..in fact I dont even give two shits about your coin anymore. Not everything is about you, maybe learn to read next time. You caused your own problem right now by not reading and understanding what was said. Seriously. If this was your post I do not see any FUD in it Nah forget it, If I keep at it I will be brought down to their level and I am far above it. Someone just has a obvious beef with XC about not being included on any official screenshots, its clear to see. So naturally people are a bit jumpy. Sad that it has got to that point for some. Jacques, I respect your perspective here, and that you're clear about your position as someone who takes an interest in a lot of coins, not just XC. When it comes to QiBuck's perspective I'm in the same boat, having had no time to read up on all this, so I respect their view too. This is not a matter related to XC. Talking it over here is liable to stir up more beef with QiBuck. Can I ask that you and QiBuck state publicly that all further conflict has nothing to do with XC whatsoever? Thanks |
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Morning all
Wow, last night's irrational dump was huge!
Great to see us all just laugh it off as ultimate stupidity - or perhaps malicious intent - and move on.
Let 'em dump. We'll end up with the coins, at great prices, and once they've offloaded we'll happily watch the price go up.
Thanks, oppressors. Bye.
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We would appreciate it if one of your supporters doesn't constantly hound our thread. I know XC is an anti fud coin like ours so we would appreciate it if you can give a message to your followers to stop hounding our thread with rude and impolite posts that will get deleted. This only gives a bad name that XC supporters are fudsters and it isn't nice for either of our coins. We are holders and supporters of XC and have never gone around spreading fud or nonsense on others threads. We expect XC supporters to abide by the XC CODE OF ETHICS as outlined in the XC OP thanks. The member in question is "Jacques de Molay" Thanks QiWoman, and on our part, apologies for this. We hate FUD, and it has no place in XC's community. |
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Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?
I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.
You'll be able to redeem them to a regular PoS wallet until they can be redeemed for NHZ assets. Can you please elaborate on how we can redeem the tokens to a regular PoS wallet? What wallet? I want to be withdrawing my tokens off the exchange the same day I buy them. Also, what is the timeline for delivery of this project? Thanks in advance. Hey hey You will be able to send the tokens to a Blocknet PoS wallet that we'll make available for download before the ITO. This is a temporary state of affairs, and will only be in effect until the Blocknet technology is ready and tokens are redeemed for assets at the NHZ asset exchange. |
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Dude. that's exactly what he said. My post got deleted as being uncivil. Reading comprehension? "Dictatorial" was a profoundly biased description. That's what I was addressing. |
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@synechist
I love your calm, informative, level-headed replies.
Really glad we have you as a mouthpiece on the XC side.
Lord knows how you keep your sanity when people are just trying to get a rise out of you.
Keep up the great work.
Thanks! Let's just say that by talking about the virtues in operation in constructive conversation, I'm able to enjoy the beauty of the virtues and thereby endure the horrible parts. |
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I read much marketing meaningless babble (like "the internet of blockchains"), but not much subtance or technical details...
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
Hey hey Have you checked out the FAQ below the OP? The XBridge is a protocol. There's only one XBridge. The API supports a general-purpose application platform. Ultimately there aren't that many fundamental actions to code for. Their composites would specify a very wide range of potential applications. That said, no doubt the API will go through revisions from time to time, and more or less indefinitely, as technology advances. Part of the XBridge code is done. But only part. The exchange is not done (though in reality I suspect there'll be multiple decentralised exchanges all competing to offer their services). As for your SMS example, it would depend to a large extent on however XST code it, but here's a sketch: Let's say you owe APEX. And you want to SMS some APEX over to someone. Your node would pay an XST node for the service, using APEX. The APEX would be automatically exchanged for XST. The XST node receive the XST and keep it as profit. The XST node would pay the Blocknet microfee. The XST node would take phone number you're sending the amount to. It would send the amount in XST (because the SMS system is built on the XST blockchain). The recipient node would receive the XST. The recipient node would then convert the XST to APEX using the decentralised exchange. The resulting APEX would then be sent to the recipient's APEX node. If you're wondering how decentralised exchange works, this speculative post could turn into an interesting discussion. hi! thanks for your reply. I did read the FAQ, and I did understand xbridge is the protocol. The question is if there should be one message of that protocol for each possible special service. The concept is interesting, however I wonder how could I be sure that the node providing the service will not steal my money by not providing the service at all. Can the blocknet chain give me security about that? If so, how could it be possible without tracking every service on every chain? if it has to track everything then it's not like the internet of blockchains, it's more like a giant monster that reimplements all other blockchains. if it can't provide trustless security then I'd rather exchange my apex to xst and then do the xst transfer without going through the blocknet and paying the blocknet fee. I mean an app could do that, there would be no need for a blocknet chain. Valid point, and I agree: if the Blocknet reimplements all the other blockchains then it wouldn't be a Blocknet. My (hypothetical) suggestion in the hyperlink above is to use atomic group_sig (M-of-M) transactions Say buyer M wants XYZcoins and seller N wants ABCcoins. There would be: - buyer M's receiving address in XYZcoin - seller N's sending address in XYZcoin - buyer M's sending address in ABCcoin - seller N's receiving address in ABCcoin ABCcoins would be sent from address M_ABC to address N_ABC XYZcoins would be sent from address N_XYZ to address M_XYZ ABCcoin transactions would be accounted for on the ABC chain XYZcoin transactions would be accounted for on the XYZ chain Both parties can publicly observe this. The receiving nodes on each of the two blockchains would trustlessly verify that the tx's are valid and that the coins are spendable. The decentralised exchange protocol would enable an atomic group_sig transaction on all participating addresses. Being atomic, no party could pull out without the whole transaction failing. And since every address has to sign the transaction, no party is able to redirect coins. And so no coins can be stolen. Also, in real life the transactions would be way more complicated because a bid can be part-sold into, so that multiple parties can take a single order. Furthermore buyer M might want to trade XYZcoin for ABCcoin, but buyer N ABCcoin for QRScoin. So the multiparty transactions could get beautifully complicated. So it's really atomic multiparty_sig, like XCurrency's mixer transactions... possibly ideal for the ad hoc mesh tech, but now not only denominated in XC. |
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I read much marketing meaningless babble (like "the internet of blockchains"), but not much subtance or technical details...
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
Hey hey Have you checked out the FAQ below the OP? The XBridge is a protocol. There's only one XBridge. The API supports a general-purpose application platform. Ultimately there aren't that many fundamental actions to code for. Their composites would specify a very wide range of potential applications. That said, no doubt the API will go through revisions from time to time, and more or less indefinitely, as technology advances. Part of the XBridge code is done. But only part. The exchange is not done (though in reality I suspect there'll be multiple decentralised exchanges all competing to offer their services). As for your SMS example, it would depend to a large extent on however XST code it, but here's a sketch: Let's say you owe APEX. And you want to SMS some APEX over to someone. Your node would pay an XST node for the service, using APEX. The APEX would be automatically exchanged for XST. The XST node receive the XST and keep it as profit. The XST node would pay the Blocknet microfee. The XST node would take phone number you're sending the amount to. It would send the amount in XST (because the SMS system is built on the XST blockchain). The recipient node would receive the XST. The recipient node would then convert the XST to APEX using the decentralised exchange. The resulting APEX would then be sent to the recipient's APEX node. If you're wondering how decentralised exchange works, this speculative post could turn into an interesting discussion. Took a while before one question that is actually important was asked. Next question obviously is, how does the system deal with slippage, so you don't start with $5,000 worth of APEX and end up with $2,500 worth of APEX. And, how do you protect against people/bots exploiting the exchange when they know that soon someone's gonna have to sell a hefty amount of XST for APEX. so you don't start with $5,000 worth of APEX and end up with $2,500 worth of APEX this is one thing I don't get. my assumption with the other one (supernet? all out scam by jl777 dude to let him offload his assets wout tanking the market) was that this was why they were getting 10% of the coins to somehow have like a ripple effect of those 10% of coins always being available. Put in coin A at current coin A/B price -> do coin B stuff with coin B that net owns -> exchange back for coin A without having to go to the exchanges. it still seems like they'd run ou of popular coins and have too many of unpopular coins. but it gets really fuzzy in my head. Good questions there. Nice one. As with any exchange, slippage depends on liquidity and trade size. To mitigate risk to the user, the exchange could first return a quote (at a cost, of course) before exchanging. The exchange wouldn't keep any coins; it's decentralised so there'd always be users supplying liquidity. Therefore unpopular (illiquid, in this context) coins would either get dumped or held. Bots could exploit the exchange if they knew what a given previous trade was for - in this case an SMS tx that involves trading back to the original currency. But bots will have no access to this information. XBridge communication is encrypted and P2P. |
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And we're not interested in having a squabble, so you get booted out.
Which is why you have a circle jerk going on in your thread rather than productive discussion. & you have a very critical public facing thread in the more visited area of the forums. Gotta keep the circlejerk going to keep people from dumping. But on the other hand - the issue of not actually accepting negativity has forced it elsewhere. Which keeps new money out of XC. Funny how I always look for unmoderated threads if I'm contemplating an altcoins legitimacy now. Why would I come "alongside" a community? Truth doesn't come alongside anybody. It sits there like an elephant in the room and pisses people off as they howl in pain at lost retirement accounts while Enron drops form $200 a share to .20. You're right that truth doesn't come alongside anybody. The issue isn't the truth, it's that you bash people over the head with your opinions. For all anyone knows, you have a point. But you'd be wrong to think that you'll get anywhere by bashing people over the head. The truth will never be heard unless it's spoken with respect and empathy. Question is, why do you persist with a manner of addressing people designed to make them want you to leave? What's the point? |
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I have posted this:  How on Earth are you "respecting the possibility that hype could lead to overbought conditions during the ITO and prompt a selloff that harms investors"? You are trying to squeeze as much juice from investors as you can by offering huge IPO. You are NOT respecting the possibility of a selloff, you are creating that possibility with your enormous ceiling, 24h marketing and hype (and that fairytale story of 400-900% return). By doing this you are lowering post-ITO demand as investors that support you will be fully invested when the ITO ends. Stop with the PR and marketing and bring some real development before the ITO. My post got deleted as being uncivil. I am becoming increasingly concerned. I was thinking of investing however this dictatorial approach is really scary. Tell the other side of the story if you want to stand a chance of being perceived as fair: https://bitcointalk.org/index.php?topic=829576.msg9303725#msg9303725https://bitcointalk.org/index.php?topic=829576.msg9296247#msg9296247It's not a matter of my not respecting your views, it's a matter of your being abusive and aggressive. Ask questions in a way that respects the people you're addressing, and everybody will benefit from your perspective. |
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