I wish Supernet could somehow join Blocknet. JL777 is highly reputable and a dynamo of brilliant ideas and public relations. ATCSecure is also highly reputable and a brilliant dev who can actually pull this whole thing off in the best possible way. Together, and with all the other devs too, they would be unstoppable.
Personally I would love that! The two of them working together - and the two networks combining their strengths - would be incredible. I wonder who's gonna start putting XBridges into wallets on the Supernet? Anyone can. |
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Just copied the conversation on the Supernet to the Blocknet thread. Thanks folks! I love a genuine and respectful discussion! |
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There's been a very useful discussion in the XC thread on differences between the Blocknet and SuperNET. I thought I'd copy it here: // Thanks very much for the sustained clarification here. This is quality discussion. To address your points in order: I've been reading about the blockNET and I feel like superNET is being misrepresented in your marketing copy. I didn't want to bring this up in your blockNET topic or make a new post out of it but I'd like to hear your opinion on why you chose these three particular points:
1. The way you've represented it makes it sound like BTCD is somehow above all the other coins in superNET. BTCD is to superNET as XC is to blockNET. In superNET BTCD provides the Teleport technology and jl777 as developer. In blockNET XC provides the Xbridge technology and atcsecure as developer. Nothing other than BTCD providing an essential part of the anonymity tech of superNET makes BTCD special. The XBridge protocol is not part of XC and does not run inside XC. It's open source and will be integrated into all coins on the Blocknet. It's required for every Blocknet transaction, not just those involving XC. In contrast, BTCD and NXT are core technologies in the Supernet, and pretty much nothing can be done without them. Check out the following quotation from the SuperNET newsletter: "Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might want or need. Stores, selling anything you could ever hope to buy. Exchanges, financial services and trading posts. Casinos and other entertainment centres. News and information outlets. These are like the services offered by SuperNET. Incredibly, although the cryptocurrency world offers so many remarkable businesses, no one has thought to link them before. They are just a set of isolated organisations, operating in their own niches, or competing with each other.
BTCD is like the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure comms links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything – and do so in complete privacy.
To complete the analogy, Nxt is the sophisticated engine that gets you around this network of roads and to the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around in SuperNET – the whole Super Network of integrated coins and innovative services."
2. I'm also curious about the p2p claims that are written. Maybe I'm missing something here and if you could enlighten me I would appreciate it. But SuperNET is using an implementation of Kademlia for p2p nodes, which is the same technology that Bittorrent is built on and as far as I know using such a protocol would quality as 'true p2p'. Kademlia... that's distributed hash tables, aka DHT. DHT uses servers to lookup and locate nodes. Therefore it's not truly distributed, thus not P2P. In contrast, the Xnode protocol, upon which the XBridge is based, is completely serverless in operation and truly distributed. 3. The intention of superNET isn't to have a single centralised enity holding 10% of each coins money supply. SuperNET is intended to be a decentralised organization controlled by shareholders, not one single person. And those coins are meant to be held indefinitely via multiple people using multisig technology. It should function in a similar way as I'm understanding your blockNET foundation to hold. The idea of holding 10% of the money supply of any participating coin is, in my opinion (though I admit a debatable point), risky and centrist. Even if the controlling organisation is somewhat decentralised and the funds held in multisig addresses, it's still the case that it acts with its own mandate and is directed to its own ends And if it owns enough of the money supply to control the price of a currency, that's a problem. Given that it's not necessary for this arrangement to be in place, I don't see why the benefit of pumping a coin's price is worth the centralisation risk. Better to have Xmixers or something, which also reduce the amount of coins in circulation, but do so in a decentralised manner. |
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Scam is scam ?
WHy Can I just tell the truth ?
Because I ruined your scam ?
You ruined nothing. You're giving your opinion, not the truth. And you're not substantiating your opinion at all. Therefore you're trolling. Please stop. |
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I've been reading about the blockNET and I feel like superNET is being misrepresented in your marketing copy. I didn't want to bring this up in your blockNET topic or make a new post out of it but I'd like to hear your opinion on why you chose these three particular points: 1. The way you've represented it makes it sound like BTCD is somehow above all the other coins in superNET. BTCD is to superNET as XC is to blockNET. In superNET BTCD provides the Teleport technology and jl777 as developer. In blockNET XC provides the Xbridge technology and atcsecure as developer. Nothing other than BTCD providing an essential part of the anonymity tech of superNET makes BTCD special. 2. I'm also curious about the p2p claims that are written. Maybe I'm missing something here and if you could enlighten me I would appreciate it. But SuperNET is using an implementation of Kademlia for p2p nodes, which is the same technology that Bittorrent is built on and as far as I know using such a protocol would quality as 'true p2p'. 3. The intention of superNET isn't to have a single centralised enity holding 10% of each coins money supply. SuperNET is intended to be a decentralised organization controlled by shareholders, not one single person. And those coins are meant to be held indefinitely via multiple people using multisig technology. It should function in a similar way as I'm understanding your blockNET foundation to hold. As an aside I'm not sure why the 10% holding are painted in a negative manner in general. The idea of removing 10% of each currencies money supply to add value to the asset is a fairly large benefit to both people who hold the member coins and asset holders. Since you already have established the blockNET foundation which like superNET is not going to be a centralised organization, a similar deal would appear to be in the best interests of everyone. Having 10% of coins bought at market value and then removed from circulation sounds like a win-win scenario for all parties. Applying the appropriate multisig and distributing the keys among the blockNET foundation would seem to eliminate the centralisation part of it. This is just something to consider. I just feel like this arrangement is mutually beneficial and I was surprised that it was presented as a negative aspect of superNET. I'm making this post just to make sure that there's no misunderstandings between blockNET and superNET and so that people don't get the wrong idea. I don't think you intentionally misrepresented those points so I figured just posting this here might persuade you to correct some of the factual errors in the blockNET literature so far. I wish blockNET good luck. Networking coins is an interesting idea and seeing how someone else chooses to do an implementation of the technology will be interesting to see.  hi, just for clarification . will two coins on the supernet be able to connect without a BTCD node taking part in the process? Yes, most definitely. If someone wanted to use NXT for example and use BTCD's teleport then that would be different. But if they didn't want to use any of BTCD's technology then BTCD doesn't gain anything directly. That being said teleport is considered an essential part of the anon solution(similar to how I'm reading here that XC is with blockNET). Thanks very much for the sustained clarification here. This is quality discussion. To address your points in order: 1) The XBridge protocol is not part of XC and does not run inside XC. It's open source and will be integrated into all coins on the Blocknet. It's required for every Blocknet transaction, not just those involving XC. In contrast, BTCD and NXT are core technologies in the Supernet, and pretty much nothing can be done without them. Check out the following quotation from the SuperNET newsletter: Imagine a new country, spread out in front of you. Scattered around the landscape is everything you might want or need. Stores, selling anything you could ever hope to buy. Exchanges, financial services and trading posts. Casinos and other entertainment centres. News and information outlets. These are like the services offered by SuperNET. Incredibly, although the cryptocurrency world offers so many remarkable businesses, no one has thought to link them before. They are just a set of isolated organisations, operating in their own niches, or competing with each other.
BTCD is like the highway that connects everything. The infrastructure it provides will enable communication between you and all of the different services, through what it shaping up to be one of the most secure comms links ever developed. It’s like a network of roads, tunnels and bridges that enables you to go anywhere and do anything – and do so in complete privacy.
To complete the analogy, Nxt is the sophisticated engine that gets you around this network of roads and to the services you can find there. It’s a 2.0 car that’s designed to do far more than drive from A to B. NXT doesn’t just allow you to transact; it houses the Asset Exchange and many of the other services that will allow you to interact meaningfully with others on your way around in SuperNET – the whole Super Network of integrated coins and innovative services 2) Kademlia... that's distributed hash tables, aka DHT. DHT uses servers to lookup and locate nodes. Therefore it's not truly distributed, thus not P2P. In contrast, the Xnode protocol, upon which the XBridge is based, is completely serverless in operation and truly distributed. 3) The idea of holding 10% of the money supply of any participating coin is, in my opinion (though I admit a debatable point), risky and centrist. Even if the controlling organisation is somewhat decentralised and the funds held in multisig addresses, it's still the case that it acts with its own mandate and is directed to its own ends And if it owns enough of the money supply to control the price of a currency, that's a problem. Given that it's not necessary for this arrangement to be in place, I don't see why the benefit of pumping a coin's price is worth the centralisation risk. Better to have Xmixers or something, which also reduce the amount of coins in circulation, but do so in a decentralised manner. |
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Cryptoleak, kindly post constructive, well-substantiated criticism, or leave.
Trolling will get you nowhere.
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Can you stake on the mobile?
i think so, but wait for synechist to clear that up. the biggest treat is the Anonymity though. bringing that to mobile is what bitcoin still missed to compete with cash or pm Yes, XC Mobile does stake. |
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When does the ITO end?
It'll probably last a week. Details will be confirmed as we approach the ITO. |
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^^ 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. So, once the ITO is sold out completely, you can start trading blocknet shares for BTC? Yup. This will continue at traditional exchanges until the Blocknet's tech is ready to pay fees to holders, at which point Blocknet tokens can be redeemed at the NHZ asset exchange. What is an NHZ asset exchange please? Link? |
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XC - Satoshi honoring Privacy XC - the missing step to digital gold XC - Privacy the Satoshi way (probably to self confident ) keep em coming guys like like like Our next major release is XC Mobile. It'll have XChat and Private Payments. What do you think might bring the idea across best? |
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XC - Secure Private Payments for the People
XC - Satoshi's dream of private digital payment
XC - Exceptional Private Payments
XC - Truly Personal Privacy Technology
XC - Together we stand strong
XC - The revolution of financial privacy is here
XC - Practical Private Payment
XC - Redefine Private Financial Autonomy
Thanks hoertest for the inspiration. You guys are right, lets focus on our strengths
I personally think the Financial Autonomy and privacy is a big pillar in the XC picture
Nice! Thanks for this. Let's keep this topic going. Opinions on these ideas? More ideas? You're welcome, that's how community should work I suppose. Looking at the amount of efforts and time you (and the rest of the team) is putting in, this is the least I can do. Please help us help you, anything you need constructive input.. Let the community know I remember a reddit post the other day with people coming up with marketing idea's for bitcoin. Maybe we can brainstorm on some creative ways of to really push the release of XC into the mainstream world. I'm thinking viral video's, getting big (celebrities) in to push up some dust. Let's get on the same level about the way this should be perceived by the world. Thank you! Yes I'm all for this. What do you all feel about how XC should be presented to the world? |
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XC - Secure Private Payments for the People
XC - Satoshi's dream of private digital payment
XC - Exceptional Private Payments
XC - Truly Personal Privacy Technology
XC - Together we stand strong
XC - The revolution of financial privacy is here
XC - Practical Private Payment
XC - Redefine Private Financial Autonomy
Thanks hoertest for the inspiration. You guys are right, lets focus on our strengths
I personally think the Financial Autonomy and privacy is a big pillar in the XC picture
Nice! Thanks for this. Let's keep this topic going. Opinions on these ideas? More ideas? |
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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? CoinGateway will handle the majority of coins. The reason for this is that only BLOCK:BTC pairings will persist after the ITO. Exchanges won't be keen to add a pile of new pairings only to remove them shortly afterwards. For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there. Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use. |
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At CoinGateway all the other coins will be paired to BLOCK.
What is coingateway?? Is it different from a normal exchange? Also how will the XC exchange rate be calculated? +1 How is this going to work through coingateway? (presuming you mean http://www.coingateway.net ) +2 Coingateway is wonderfully easy to use. You choose your input and output currency, enter your addresses, and you're done. The tokens will arrive in your (temporary) Blocknet wallet (which is almost ready!). |
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TBH there needs to be incentive to get XC to buy blocknet shares.. I see that Dan is most likely leading the project
I can think of no greater incentive than it being Dan's vision, and it being an amazing idea with massive resources. But evidently some people seem not to think the same. Boggles my mind how that's possible, but hey. :-) I mean like offering more than 10%, maybe 12% when using XC to buy blocknet shares. We can't offer any more incentive than other coins. Imagine the trouble that would unleash. :-) |
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TBH there needs to be incentive to get XC to buy blocknet shares.. I see that Dan is most likely leading the project
I can think of no greater incentive than it being Dan's vision, and it being an amazing idea with massive resources. But evidently some people seem not to think the same. Boggles my mind how that's possible, but hey. :-) Well there are alot of talent and brilliant minds out there, you seem to think that the xc holders are sheeps and should be following XC-crews every word.. like "we know whats best for you". No I don't. I said that it "boggles my mind" how people aren't incentivised to buy XC to get Blocknet tokens. This doesn't mean you should follow me; it just means I don't see any sense in not buying XC to buy Blocknet tokens. You will have to listen to investors as well. That is how you reach out. Not some "trust us, we are from the internet, everything is going to be fine." hehe. I will hold my XC, no time to sell anything right now.
So do you think it's a bad idea to buy XC in order to buy Blocknet tokens? If so, why? Believe me, I'm listening. |
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MOOLAH DUMPING
Nope. Price just went up on Bitttrex. |
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