And we're done! ITO figures will now be evaluated. If Bittrex is satisfied, they will release the funds and we'll be good to go! |
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I gotta just say, coingateway are brilliant!
i messed up earlier (bittrex fee) put a ticket in, and before i got a reply (about 20 mins later), i had already got my coins.
just asked whats left on the instant chat... 2 seconds later, got reply. (33.17629 BTC)
buy that shit people!
31BTC and going... |
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Blocknet tokens will be available on CoinGateway until 8am GMT tomorrow (~14 hours from now), when the Bittrex buyback period ends.
Ah, go on then, I'll have a few.  Oooh yeah. |
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Hi everyone
A development you’ll be glad to hear about:
During the initial days of the ITO, some of the BLOCK held at CoinGateway were inadvertently locked and weren’t able to be sold. (You’ll see this reflected in their transaction history: the total BLOCK sold was significantly lower than the amount supplied.)
Given that their being locked unfairly limited the number of coins investors were able to trade for BLOCK, CoinGateway will now make the additional BLOCK available for purchase.
Blocknet tokens will be available on CoinGateway until 8am GMT tomorrow (~14 hours from now), when the Bittrex buyback period ends.
do you already have a technical paper explaining how you implement the features of blocknet? (if it is open) i always like interesting reads  (i asked before but it kinda got under the radar cause of some "fud" discussion..) Hey hey No we don't. It's based in part on the Xnode protocol (XCurrency's P2P protocol) so our claim to legitimacy is more of a track record + dev reputation + actual existing tech combination. On the other hand, these documents give introductory information on the tech: - http://downloads.xc-official.com/images/14-10-21%20The%20Blocknet-%20how%20it%20works%20and%20ITO%20rules.pdf- http://downloads.xc-official.com/images/14-10-22%20FAQ.pdfAlso check out the first 20 pages of the thread. There was some pretty good conversation on technical matters. Sorry I can't just give you a whitepaper. That would be ideal. |
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Hi everyone
A development you’ll be glad to hear about:
During the initial days of the ITO, some of the BLOCK held at CoinGateway were inadvertently locked and weren’t able to be sold. (You’ll see this reflected in their transaction history: the total BLOCK sold was significantly lower than the amount supplied.)
Given that their being locked unfairly limited the number of coins investors were able to trade for BLOCK, CoinGateway will now make the additional BLOCK available for purchase.
Blocknet tokens will be available on CoinGateway until 8am GMT tomorrow (~14 hours from now), when the Bittrex buyback period ends.
to buy with bitcoin or alts? All participating alts. |
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Hi everyone
A development you’ll be glad to hear about:
During the initial days of the ITO, some of the BLOCK held at CoinGateway were inadvertently locked and weren’t able to be sold. (You’ll see this reflected in their transaction history: the total BLOCK sold was significantly lower than the amount supplied.)
Given that their being locked unfairly limited the number of coins holders were able to trade for BLOCK, CoinGateway will now make the additional BLOCK available for purchase.
Blocknet tokens will be available on CoinGateway until 8am GMT tomorrow (~14 hours from now), when the Bittrex buyback period ends.
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i'm new to the world of alt coins, why so much negativity? surely the block net idea is about bringing together new ideas and technology?
I think that's probably why there's so much negativity. :-) The Blocknet is a major shakeup. |
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The problem is that we still do not have bittrex unsold block address and that people can still deposit bitcoin buy higher and dump on the sell wall. You keep saying that as though anyone would bother wasting their time and money doing so. Nobody from SuperNET appears to care about this scandal-hit ITO and Block is so very far from having anything of substance to show for itself, there's little concern about it from their side. So who would be motivated enough to burn btc in order to stop this ITO from reaching the 850btc needed? Do you not think that it's simply a large number of returns being made by people who have changed their mind? Why keep kidding yourself it is anything other than the one thing it is most likely to be? I do not care about super net...super nintendo or super mario why are you mentioning it? Jez im so sick of this nonsense. Nope, you didn't. If you'd spent any time on BTT in the last couple of months you'd have seen some truly massive attacks on Monero and NXT. And, from where I'm standing, the BlockNet ITO has thrown up so many red flags that calling what we've just seen a FUD attack is misleading. I've rarely seen so many people unite on one topic on BTT before.......we'll see how this plays out over the next few months. Have you guys any idea where the money is? and have you all read this: http://www.cryptoarticles.com/crypto-news/how-the-blocknet-ensures-its-funds-cannot-be-misspentFor more legible formatting of the wording for our accountability measures, check out http://downloads.xc-official.com/images/14-11-05%20The%20Blocknet-%20ITO%20rules%20and%20accountability%20measures.pdfAddresses where coins are stored: http://wiki.blocknet.co/index.php/Addresses_of_Blocknet_AssetsRed flags? Nope. Read this: http://altcoinspeculation.com/blocknet-will-it-be-built/And this: https://coinreport.net/blocknet-fud-campaign-altcoin-circus/Lastly, you're very right that other coins have endured serious FUD. On the other hand, I've never "seen so many people unite on one topic on BTT before," as you say, and this makes the smear campaign the most massive FUD yet seen in crypto. |
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It seems clear to me that Bittrex is not following the ITO rules. ITO is complete, the funds were obtained withing the ITO time frame of 7 days and Bittrex should now be consider to be part of the FUD campaign. Bittrex are doing the right thing by ensuring that people who bought before the scandalous allegations were made public can reverse their decision without feeling like they were conned into buying into a project they no-longer believe is what it claims to be. That there may have been more than 850BTC raised prior to the buywall is irrelevant, because only the total BTC that remains after the buyback period has ended actually count as being willingly invested. This is incorrect. Bittrex's buyback period has nothing to do with the smear campaign. Bittrex explicitly states that the buyback period is because of trading being enabled on Poloniex. That is all. |
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Just to remind everyone that if the ITO does not succeed, all coins will be refunded.
Therefore selling below the ITO price makes no sense: you'll make a loss on what you'd otherwise break even with.
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I'll ask AGAIN, when will trading on BTER commence? It is STILL locked.
We have tried to make contact with them - starting this morning. We have not had a response as yet. Once we receive one I'll let everyone know. |
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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? We have, concerning the Poloniex scenario. We apologised. 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!" We are not in control of the funds on Bittrex. They will issue a complete refund of those funds in the event of the minimum threshold not being reached. If this were to happen, the only possible thing that could legitimise our not refunding all the holders who bought elsewhere is if there was a mass-refusal to return BLOCK. The community could come together and demand that the Blocknet be built and refuse to accept refunds. Unfortunately I think that the number of people who would do this is small. |
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Ask yourself what will happen to the BLOCK price when that refund buy wall on Bittrex, which supports the price, is removed? You only get to guess once...
Man, your question is pointless. Guess? in what time frame? First minute? First 5 min? 1h? 1 day? 1 week? 1 Month? Longer? What i know is - I do NOT CARE. I will not part even with 1 single block, even if it goes down to 100 or 10 satoshi ( which i know will not) The short time price does not matter.( and by short time i call up to 1 year) What i know is - i keep these tokens for 2-3 year at least. And I dont have even smallest doubt - i gain some profits. If fact - a HUGE profits, in medium to long run. I said now all. You are a true supporter. I respect that. For those who are not willing to wait 2-3 years, or some other point in time when eventual and not even yet started development is finished, the next day is your last chance to see your BTC back at price even close to what you've payed for BLOCK. Trading is now enabled, and even with desperate giant supporting buy wall the price is nailed to the lowest possible. The minute the supporting wall is removed the price will inevitable collapse, even if the ITO reaches 850 BTC. I don't want to think about the mess which will happen if the 850 BTC figure is not reached. Take all this in consideration when you think what will you do until the end of the "refund" process, after that it may be too late. Perhaps you missed my reply Itod. Don't post this point again without responding to it. When the buy wall runs out, there will be no more BLOCK left on Bittrex to sell. So there will be zero liquidity, therefore zero drop in price. I haven't missed your post, but not responding because it's obvious that even you are not believing in what you are writing, so what's the point in responding? How come there will be zero liquidity when Bittrex depositing/withdrawing will be enabled? And all this in the positive outcome for you that 850 BTC limit is reached, people will rush their BLOCK to sell them on the most liquid BLOCK market of all - Bittrex. Why would I respond to your claim of zero liquidity when you yourself know for a fact it's false? Only chance for zero liquidity is if ITO fails to reach 850 BTC, and then all the hell breaks loose. You can't deposit or withdraw BLOCK from Bittrex. Read the rules. |
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If they sell their BLOCK they purchased at Bittrex back into the wall at Bittrex they are perfectly welcome to take their BTC and go buy block somewhere else if thats what they choose to do. It is their BTC they can invest how they wish. There are no arbitrage opportunities as BLOCK cannot be withdrawn or deposited from Bittrex.
We maintain an account for the ICO that has the coins that were being sold and the BTC from those sales for our BUY/SELL walls only. It is all tracked through there, volume created by people buying above ICO price does not count towards the ICOs total sales.
The statements above only stand for the 48 hour buy back period.
Thank you,
Ryan @ Bittrex
Thank you Ryan for the explanation. However I think that the concern people have here is that anyone who wants to cripple the ITO can deposit as much BTC as (s)he likes, put up slightly higher bids to attract buyers, and then sell into the buy wall at a slight loss. The cost of this would be minimal. If you're aware of the smear campaign we've endured, you'll have little doubt about the presence of people who would very happily pay a low price to make the ITO fail. This, in my opinion, presents a sure-fire way for opponents of the Blocknet to create conditions that do not reflect true interest in the project. As such, I think that the buy wall does not address the unfair conditions due to open trading being enabled on Poloniex. Instead it creates a severely unfair condition for every single supporter of the Blocknet. I request that you end the Buyback period early. Sincerely Arlyn |
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Ask yourself what will happen to the BLOCK price when that refund buy wall on Bittrex, which supports the price, is removed? You only get to guess once...
Man, your question is pointless. Guess? in what time frame? First minute? First 5 min? 1h? 1 day? 1 week? 1 Month? Longer? What i know is - I do NOT CARE. I will not part even with 1 single block, even if it goes down to 100 or 10 satoshi ( which i know will not) The short time price does not matter.( and by short time i call up to 1 year) What i know is - i keep these tokens for 2-3 year at least. And I dont have even smallest doubt - i gain some profits. If fact - a HUGE profits, in medium to long run. I said now all. You are a true supporter. I respect that. For those who are not willing to wait 2-3 years, or some other point in time when eventual and not even yet started development is finished, the next day is your last chance to see your BTC back at price even close to what you've payed for BLOCK. Trading is now enabled, and even with desperate giant supporting buy wall the price is nailed to the lowest possible. The minute the supporting wall is removed the price will inevitable collapse, even if the ITO reaches 850 BTC. I don't want to think about the mess which will happen if the 850 BTC figure is not reached. Take all this in consideration when you think what will you do until the end of the "refund" process, after that it may be too late. Perhaps you missed my reply Itod. Don't post this point again without responding to it. When the buy wall runs out, there will be no more BLOCK left on Bittrex to sell. So there will be zero liquidity, therefore zero drop in price. |
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To address some of the valid questions LeeWilson asked (yes it's not all trolling):
- The only exchange that we were able to hand coins over to was Bittrex. The other exchanges required that we put up a sell wall ourselves.
- Correspondingly, on Bittrex, we have no access to funds unless they determine that the ITO is a success, in which case they'll send them to our escrow address.
- On the other exchanges, funds were required to be in our control all the time, and some were withdrawn to improve their security.
- At the start of the ITO our escrow service was not in place (as announced). As such we were not in a position to keep coins in it.
Anyone who becomes worried at who's in control of the funds has no more reason to be concerned than at any point in the Blocknet's ITO, since nothing's changed.
If you recall correctly, we stated that we may move coins around and vary the quantities allocated to different pairings and different exchanges. This is what we have done with the Poloniex sell wall and the extra coins sold on CoinGateway.
Thus we have not changed our rules.
Lastly, I disagree with the opinion that changing rules is necessarily a bad idea. After all, unforeseen circumstances may necessitate a rule change, and not changing a rule could be very wrong.
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Ask yourself what will happen to the BLOCK price when that refund buy wall on Bittrex, which supports the price, is removed? You only get to guess once...
I don't need to guess. There will be no more BLOCK left on Bittrex to sell. So there will be zero liquidity. |
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McHammer has been banned already.
He has now been reported to the forum moderators.
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