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Well, this explains a lot. Just like Willy pushing BTC prices up on Gox. An anti-Willy bot... 'Wally'?
Are there any alts that haven't suffered a Wallying - is this personal or just someone making money off the whole alt market indiscriminately?
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Curiouser and curiouser. Anyone have different experiences or a hotline to Bittrex?
Telepathic teleport and an explanation for the brutal downtrend. This is why we hodl.
I hope CECVW is reading.
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Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.
Could you post a link to slack channel? |
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Hey everyone, there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel. https://sprnt.slack.com/messages/whitepaper/I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to. Keep it constructive, but I have a fairly thick skin so don't hold back. From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech. |
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Hey everyone,
there's a 'working draft' of the white paper available. If you're not on Slack already, please sign up and take a look in the whitepaper channel.
I'm looking for pretty robust feedback - I want this to be as useful a document as possible. It's necessarily technical, but I don't want it to be needlessly so - whilst still explaining everything it needs to.
Keep it constructive, but I have a fairly thick skin so don't hold back.
From a marketing perspective it may make sense to have a different doc - or a series of docs - but this is a starting point for confidence in BTCD/SuperNET's tech.
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Thank you very much for your great work Cassius  . You are very welcome. I hope some people outside the immediate SuperNET/NXT/BTCD communities heard and were interested too. It was a fun interview, but it also made me aware of how much I didn't know about some key components (particularly about InstantDEX and Atomic ) |
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I don't think there's a correlation between those 2 things |
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That could end badly for someone. Does it look like one seller?
Still not clear on this buyback thing. Presumably it just means SuperNET now owns a chunk of itself and gets to collect dividends, strengthening its NAV?
Yeah, I don't remember how exactly it works either. Hopefully James can provide us with more detail of what will happen now that the buy wall is gone. On a different note; just listened to your interview podcast. Very insightful stuff and nice explanation of SuperNET. Keep it coming Great, thanks! Sounds like BlockNET have run into the same problems with trading not being disabled while the ITO is going on. Also seems like something else has happened, but I haven't got time to wade through the last 30 pages - anyone happen to be keeping up? |
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That could end badly for someone. Does it look like one seller?
Still not clear on this buyback thing. Presumably it just means SuperNET now owns a chunk of itself and gets to collect dividends, strengthening its NAV?
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Just recorded a segment about BTCD, SuperNET, NXT and crypto more generally for the next Beyond Bitcoin podcast (out Tuesday/Wednesday).
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Wow, the network weight is only like 52K. There must be a lot of less people staking, or either they have their coins on the on the exchanges.
45k now, including my weight. Saw your message and opened up my laptop to stake do you earn more when the network stake is lower? That's the plan |
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Wow, the network weight is only like 52K. There must be a lot of less people staking, or either they have their coins on the on the exchanges.
45k now, including my weight. Saw your message and opened up my laptop to stake |
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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. 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. |
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Very wonderful progress being made! Thanks, as ever, James. I'd love to know the motives of the dumper. I think this is a fundamental difference between SuperNET and BlockNET: https://bitcointalk.org/index.php?topic=829576.msg9313526#msg9313526Please feel free to chip in to whatever discussion results. I just can't see how BlockNET will compare from a revenue-generation point of view. There is an odd silence in the BlockNET thread about this... I will bump it again in the morning if I don't get an answer, though I suspect things are going on in the background. Great point you bring up here Cassius! Your question is definitely getting some play in the Blocknet forum now. I've seen many asking for clarity and have NOT seen any answers which clearly explain a direct answer to the qustion. Very slick Mister!  Peace Thanks In the BTT thread or a separate forum? We'll see where this goes. I'd think they will aim to bring in some sources of greater revenue to make it more attractive. |
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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." Thank you, but this still does not answer the question. This is how, not what. From what I can tell, there are very different business models at work. This might be a useful way of distinguishing them to different investors. It appears to come down to risk and return to me; simplistically SuperNET might be thought of as a Venture Capital fund, whilst BlockNET is more like a services company or bank. This isn't about tech, it's about economics. |
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Very wonderful progress being made! Thanks, as ever, James. I'd love to know the motives of the dumper. I think this is a fundamental difference between SuperNET and BlockNET: https://bitcointalk.org/index.php?topic=829576.msg9313526#msg9313526Please feel free to chip in to whatever discussion results. I just can't see how BlockNET will compare from a revenue-generation point of view. There is an odd silence in the BlockNET thread about this... I will bump it again in the morning if I don't get an answer, though I suspect things are going on in the background. |
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"Meh."
Hi Cassius, where do you think they are lacking? Other than the name. hahaha The "Meh" was more about the fact that it takes about a microsecond for any innovation to get cloned. Though it looks like that wasn't what was going on in one of those cases. Can't comment on the tech. |
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