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Author Topic: **MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade  (Read 165023 times)
Hyena
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August 29, 2015, 07:57:41 PM
 #561

we're gonna be soooo rich

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August 29, 2015, 08:21:54 PM
 #562

@masterOfDisarter

Thanks for the reply.

It looks promising.

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August 29, 2015, 08:38:45 PM
 #563

[...]
Thanks for the reply.

It looks promising.

You are welcome! I try to follow the development closely, because lacking OP_CHECKLOCKTIMEVERIFY MercuryExchange doesn't work at the moment and all other decentralized exchange approaches are very complex, using proxy assets to trade etc.
And I agree that BCE is very promising.

BCE's design is just so simple - a broker for multi signature transactions in foreign blockchains!

If you try to read the thread from the start keep in mind that the initial funding was planned in a different way, by making BCE a 100% subsidiary company of Nu. That didn't work, was changed and finally lead to a successful funding.

The design document is not up-to-date as well.
The most important change is the total amount of created BKS (less than 200,000 compared to the initially planned hundreds of millions) along with an adjusted minimum amount of BKS for minting (down from 10,000 to 1).


@masterOfDisarter
[...]
I hope I didn't come across as someone removing art or turning art into non art Tongue
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August 30, 2015, 12:08:02 AM
 #564

In the Project Development section, B&C is now the 18th most viewed project.
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August 30, 2015, 12:23:40 AM
 #565

Ill be following this more closely havent checked this section in a while so im need to keep checking it.
Nice project.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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BlankoB
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August 30, 2015, 11:41:29 AM
 #566

Quite often go Orphan blocks of 0.01 in B&C EXChange v3.0.0-RC2-beta!
What could be the problem? Angry

BM-2cWUnik1bR74LjJktWPrSLB7RDbw8m1R3U
masterOfDisaster
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August 30, 2015, 12:10:28 PM
 #567

Quite often go Orphan blocks of 0.01 in B&C EXChange v3.0.0-RC2-beta!
What could be the problem? Angry

A bad internet internet connection can cause such issues as well as a high CPU load.
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August 30, 2015, 12:51:15 PM
 #568

Quite often go Orphan blocks of 0.01 in B&C EXChange v3.0.0-RC2-beta!
What could be the problem? Angry

A bad internet internet connection can cause such issues as well as a high CPU load.
Removed unnecessary processes from the CPU, and immediately got a good block. Thank you MOD

BM-2cWUnik1bR74LjJktWPrSLB7RDbw8m1R3U
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August 30, 2015, 11:12:32 PM
 #569

Could someone provide me an explanation of how exactly Nushares might benefit from B&CEx?
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August 31, 2015, 03:56:05 AM
 #570

The distribution of BKS is now entirely complete. Sales have ceased and all purchased BKS have been delivered to investors. In this funding round, 59,048.85 BKS were sold for a total of $240,764 at an average price of $4.077 each. The final total funds raised are $320,764 (including the seed round).

The final step was a burn of all remaining BKS. In addition to burning 22,565.983 BKS a week ago, 1596.5201 BKS was burned in this transaction and this one. This includes funds that were set aside for transaction fees and some BKS that were bid for a little over week ago but which were never paid for.

The total number of BlockShares on the blockchain and in circulation is 184,765.96 right now. This can only be augmented by the 0.01 BKS block reward, the variable reputed signer block reward we will soon add, and BKS grants approved directly by shareholders.

We expect this will provide funding for the core implementation as well as a number of extra features or even products. While the extra features implemented should probably be decided by shareholders when the core implementation is closer to being complete, implementation of CHECKTIMELOCKVERIFY in Nu and B&C as well a utilization of it in B&C for any chains that support it, escrow capabilities and an Android app that combines a multi coin wallet with full support for B&C Exchange are likely features/products the extra funds will be dedicated to.

The 4.0 release of B&C Exchange is mostly code complete. We hope to have it on testnet very soon. Once it performs satisfactorily there, it will be promoted to production. It includes reputation voting, reputation block rewards, and support for Bitcoin dividends. It will be a mandatory upgrade due to the protocol changes.
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August 31, 2015, 04:05:44 AM
 #571

Could someone provide me an explanation of how exactly Nushares might benefit from B&CEx?

There are at least two ways B&C Exchange will benefit NuShare holders. First, NuBits will be used as the denominator on many if not most trading pairs. The exchange will feature a BTC/NBT pair, LTC/NBT pair, PPC/NBT pair, etc. This is expected to increase the number of NuBits held, which is likely to result in dividends to NuShare holders, NuShare buy backs and burns, or both.

The second way B&C Exchange will benefit NuShare holders is by offering a NSR/NBT trading pair that will increase NuShare liquidity, which makes it a more attractive investment.
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August 31, 2015, 04:47:24 AM
 #572

Could someone provide me an explanation of how exactly Nushares might benefit from B&CEx?

There are at least two ways B&C Exchange will benefit NuShare holders. First, NuBits will be used as the denominator on many if not most trading pairs. The exchange will feature a BTC/NBT pair, LTC/NBT pair, PPC/NBT pair, etc. This is expected to increase the number of NuBits held, which is likely to result in dividends to NuShare holders, NuShare buy backs and burns, or both.

The second way B&C Exchange will benefit NuShare holders is by offering a NSR/NBT trading pair that will increase NuShare liquidity, which makes it a more attractive investment.


I think the most benefit for nu is that those liquidity providers(lpc)can shift from other exchanges to B&C exchange, welcome home, safer here.

And would lpc pay the transaction fee to B&C?  

I am a F. A. Hayek fan.
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August 31, 2015, 09:03:05 AM
 #573

[...]
And would lpc pay the transaction fee to B&C?  

How else would they be able to execute transactions, which is necessary to place orders?
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September 01, 2015, 07:07:44 PM
 #574

What are the prospects of trading being enabled by the end of 2015?
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September 02, 2015, 12:36:59 AM
 #575

What are the prospects of trading being enabled by the end of 2015?

I'm very keen to see trading start as soon as possible. Be aware that the start of trading is likely to be anti-climactic, because I expect trading will start with very low maximum trades sizes, such as $1. As the network proves itself, the maximum trade size permitted will increase in proportion to shareholders' confidence in it.

The biggest factor controlling when development is complete is the number of hours per week or month spent by sigmike and Giannis coding the specifications. sigmike, Giannis and I have discussed the amount of hours per week they expect to devote to the project, but I am not sure they would like that publicized. I'm curious to see whether they are comfortable making public commitments about the number of hours per week/month they will devote to B&C Exchange development going forward. Obviously, the hours they spend on the project are out of my control. However, I can hire an additional developer, and I am considering it. Sigmike and Giannis are our first choice because they know Peershares well and have delivered excellent products in the peer to peer finance space recently.

By way of a progress update, sigmike has just completed the reputation system, including the reputation block reward, with this pull request which has screenshots attached that would be meaningful to non-technical users. I estimate the core B&C Exchange client is 20% complete at this point. I'm hopeful that with summer holidays behind us, the pace of development will pick up.

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September 03, 2015, 06:18:14 AM
 #576

Could someone provide me an explanation of how exactly Nushares might benefit from B&CEx?

B&C and Nu share code base. New software development by well-funded B&C will directly benefit Nu. It's like Nu gets a free dev team.

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September 03, 2015, 10:29:42 PM
 #577

You are welcome! I try to follow the development closely, because lacking OP_CHECKLOCKTIMEVERIFY MercuryExchange doesn't work at the moment and all other decentralized exchange approaches are very complex, using proxy assets to trade etc.
And I agree that BCE is very promising.

BCE's design is just so simple - a broker for multi signature transactions in foreign blockchains!

If you try to read the thread from the start keep in mind that the initial funding was planned in a different way, by making BCE a 100% subsidiary company of Nu. That didn't work, was changed and finally lead to a successful funding.

The design document is not up-to-date as well.
The most important change is the total amount of created BKS (less than 200,000 compared to the initially planned hundreds of millions) along with an adjusted minimum amount of BKS for minting (down from 10,000 to 1).
Thanks for summarizing the whole story of BCE.

It's a shame I arrived too late for the party (crowdfunding)...

But it's just the beginning of this incredible "decentralized autonomous interexchange".

BitcoinTalk Escrows: Ranking & BlacklistBrainwallet & Paper Wallet projects ★ If you think privacy matters, please help keeping these projects alive (donating some cryptocoins): TorTailsQubes OSWhonixProtonMailTutanotaVeraCryptPrivacyTools.io
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September 04, 2015, 05:04:01 AM
 #578

Thanks for summarizing the whole story of BCE.
[...]
You are welcome! Smiley

[...]
It's a shame I arrived too late for the party (crowdfunding)...

But it's just the beginning of this incredible "decentralized autonomous interexchange".

You might have come too late for the crowdfunding, but the part hasn't started yet Wink
If you want to join the party, have a look here: https://www.ccedk.com/nbt-bks
Try not to get confused by the pair; bks-nbt would be easier to understand at first glance Smiley
What I'm trying to say is - there's a total of over 400 BKS available at CCEDK a reasonable price (if you would have paid up to $4.16 during the funding it's not far above).

Price (BKS)Volume (NBT)Total (BKSNBT/BKS
0.235148.678409634.939426264.26
0.2321.231685654.88328774.35
0.225888.88888889200.004.44
0.22863.63636364190.004.55
0.14142.8571428620.007.14
0.14357.1428571450.007.14
0.125232.0029.008.00
0.125160.0020.008.00

Yes, it's just the beginning - of the BKS holders hope it will be Wink
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September 05, 2015, 02:12:50 AM
 #579

We have added several new features to our B&C Exchange block explorer.

Status: This page shows many different network status metrics. Several options, including market cap and market price of BKS and BKC, won't be available until we are listed on coinmarketcap.com.

Of particular interest is our Wealthiest BlockShares Addresses listing. This page lists the top BKS addresses by share ownership.

Charts: This page shows several charts of network statistics, including average block sizes, average network difficulty, average number of blocks, average number of transactions, and more.

Our block explorer is nearing complete basic functionality with these updates. Please let us know if you encounter errors or incorrect data while using the explorer.
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September 08, 2015, 11:04:24 AM
 #580

Dear all, please cancel all orders on the bks pairs on https://www.ccedk.com/, as we are creating the requested changes today. In case you dont do, we are cancelling them ourselves, and you will need to list once again then instead. Either way within a few hours today, you should see the requested change of the bks pairs, so that in future the will be

BKS/NBT and BKS/BTC

this information is for whomever could have an interest in the trading of BKS pairs on CCEDK, thanks.

I am also making a tweet on this matter right now on @CCEDK_

#important BKS pairs on CCEDK.com are being flipped today! All open orders are cancelled. Pls redo. Thanks for your help.

Thank you

Yours sincerely

Ronny Boesing

CEO

 
CCEDK / Crypto Coins Exchange Denmark ApS

Web: www.ccedk.com

Twitter: https://twitter.com/CCEDK_
Facebook: https://www.facebook.com/CCEDK
Linkedin: https://www.linkedin.com/pub/ronny-boesing/20/617/65b

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