**MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade

[Nagalim]

how close is this project to

http://www.blockstream.com/blog/

Block stream is a sidechain, B&C is an exchange.  They seem more different than similar in my opinion, but maybe I'm looking at it wrong.

[1713934902]

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[1713934902]

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[BCExchange]

Total funds committed have reached $197,985 including seed funds. We have now reached 99% of our goal of $200,000!

More detailed information regarding purchase finalization, BlockShare distribution dates, and other logistical issues will be provided here once $200,000 is exceeded in the near future. However, we can say that we will contact everyone who made a pledge as quickly as possible to arrange payment. We will give regular updates on how that is progressing and how many funds have actually been received. So, it would be very helpful for our team if prospective purchasers can ensure that they have ready access to their payment funds.

Important: If you have previously requested a purchase of BlockShares but are not planning on following through with that commitment, please let us know. Your privacy will be respected. We only wish to know so that our fundraising total can be adjusted downwards if necessary.

[cryptog1]

I would have another question.

The white paper says "that the protocol must ensure that each exchange account is associated with at most one deposit address. Later iterations of B&C Exchange will allow the account holder to change the deposit address". (S)

That means that once a user generates a deposit address, the same address will be used also for ulterior deposits.
I suppose this is one deposit address for each blockchain ID by the way.

But what happens to a deposit address which was once acknowledged by a set of reputed signers at creation time when the user wants to use it at another time in which that set of reputed signers is no longer a set of reputed signers, in other words, that set of reputed signers can no longer sign that deposit address?
Shouldn't we create a new deposit address each time the user wants to make a deposit denominated in the same crypto asset or currency instead of using the same deposit address each time?
Or am I misunderstanding the meaning of (S).

Can you help me get some clarification about that ?
Tks.

[BCExchange]

Good news! B&C Exchange has successfully completed basic fundraising, eclipsing our minimum fundraising goal of $200,000. Our current fundraising stands at $201,863. It is now time to collect funds from BlockShares purchasers to establish our development fund. Here is a quick summary of what to expect over the next 30 days.

Key Dates:

June 22nd - Payment information will be sent to all prospective BKS purchasers through the communication channel they contacted us through.
June 26th - Deadline for making payment on BKS purchases requested prior to this June 20th announcement. If payment is made after this date, current pricing will be used (currently $4.08) instead of the original price of the pledge.
July 3rd (end of day) - BlockShares creation date. In order to receive BlockShares by owning NuShares, you must own NuShares as of the end of Friday July 3 UTC. Care should be taken to ensure that all NuShares are removed from exchange accounts prior to this date; if this action isn't taken we make absolutely no promises about your ability to redeem NSR for BKS because an exchange owner may claim the BKS. Ensure you have full control of your NuShares in advance of this date.
July 19th - All BKS paid for by July 17th will be delivered by this date.

Exchange rates to be used for settlement (based on coinmarketcap.com price at 18:05 20/06/2015, the time of this writing):

BTC: $243.990
PPC: $0.408
NBT: $1.000

Fundraising will continue as has always been planned and announced. If BlockShareholders wish to cease fundraising they may do so with a shareholder motion after initial distributions are complete, plus 7 days to allow all transferred BlockShares to become eligible to mint. This would occur sometime around July 26th. Assuming fundraising continues to progress, shareholders can decide by motion how extra funds are allocated. As previously mentioned, there are a number of specific features we can implement with these funds, including enhanced trading options, better QA testing, and broader marketing campaigns. Implementing time lock release and an Android client are possibly among the most important items not funded at our basic $200,000 level.

We will be contacting everyone who made a pledge as quickly as possible to arrange payment. We will provide regular updates on how that is progressing and how many funds have actually been received. We are hopeful that our preliminary due diligence will result in the overwhelming majority of purchase pledges being upheld.

Thank you again to everyone who has supported B&C Exchange. Our team will work as hard as possible to create a decentralized exchange that will disrupt and revolutionize the trading of cryptocurrencies and cryptoequities.

[kjadB]

Congratulations on reaching your target!

I haven't received an email with payment instructions yet, do I need to do anything?

[zoro1]

Congats!
and of course the best payment option is NBT

[BCExchange]

Everyone who pledged to purchase BlockShares has been contacted with a request for payment. If you pledged to purchase BlockShares but have not heard from us, please contact us at bkssale@vistomail.com or Bitmessage us at BM-2cTihATJ5FwJ7vWBwZmJjr55eFPFWBCmCQ

[Sentinelrv]

Sportscliche said on Peercointalk that he hasn't gotten a reply back on Bitmessage...

https://www.peercointalk.org/index.php?topic=4095.msg39847#msg39847

I haven't gotten any acknowledgement on Bitmessage, even after multiple attempts.  Is anyone else experiencing this?

[jubalix]

so if people don't honor pledges are u going to open up sales again?

[Hyena]

Has anyone calculated how many nushares one should own in order to get 1 blockshare?

If so then what should be the price of 1 NSR considering that the cost of 1 BSR is/was 4$?

[BCExchange]

As you can imagine, reaching our minimum funding goal has resulted in a sharp surge of correspondence for us to reply to. We have been working hard to reply to everyone promptly. The email queue is six hours long and the Bitmessage queue is 45 hours deep, the longest we have ever taken to respond to inquiries.

Part of what makes B&C Exchange a promising project is that the team behind it has proven its ability to deliver groundbreaking projects, namely the world's first stable value peer to peer currency in the form of NuBits. This also means the team has obligations to the Nu network, and that network had an urgent issue emerge the last couple of days that has required the team's attention.

It is a very busy time for the team, so please be patient.

[cryptog1]

Has anyone calculated how many nushares one should own in order to get 1 blockshare?

If so then what should be the price of 1 NSR considering that the cost of 1 BSR is/was 4$?

JL mentioned somewhere 10000 nsr will get you 1b&c share.

[BCExchange]

A total of $199,401 has been received so far. Of the $204,905 pledged, only $5,504 has not been paid so far. That means over 97% of pledges have been paid so far. We thank everyone for keeping their commitment. Additional requests to purchase BlockShares made in the last couple days should push us over the $200,000 threshold very soon.

The dev team is working to get a B&C Exchange test network up and running right now. The end of 3 July is the date of record for obtaining BlockShares by way of holding NuShares. We expect to have the production network up and running shortly after 3 July and have promised to deliver all BKS paid for by 17 July by 19 July.

This first iteration of B&C Exchange is designed to give shareholders direct possession of their BlockShares and to make their holding liquid. It will not contain any exchange features.

Subsequent iterations prior to the fully functional release will only be released on the public test network. The next iteration will include all of the voting features unique to B&C as described in an earlier post and in the design document posted in the OP.

All correspondence sent to us more than 3 hours ago has been responded to.

[Yurizhai]

A total of $199,401 has been received so far. Of the $204,905 pledged, only $5,504 has not been paid so far. That means over 97% of pledges have been paid so far. We thank everyone for keeping their commitment. Additional requests to purchase BlockShares made in the last couple days should push us over the $200,000 threshold very soon.

The dev team is working to get a B&C Exchange test network up and running right now. The end of 3 July is the date of record for obtaining BlockShares by way of holding NuShares. We expect to have the production network up and running shortly after 3 July and have promised to deliver all BKS paid for by 17 July by 19 July.

This first iteration of B&C Exchange is designed to give shareholders direct possession of their BlockShares and to make their holding liquid. It will not contain any exchange features.

Subsequent iterations prior to the fully functional release will only be released on the public test network. The next iteration will include all of the voting features unique to B&C as described in an earlier post and in the design document posted in the OP.

All correspondence sent to us more than 3 hours ago has been responded to.

I must say that is quite impressive. I expected fulfilled pledges to be high but not so close to perfect. 

[Arno0]

I have send you guys an email last night, hoping for a swift response 

[noel57]

This is awesome, I can wait to see this been lunched because I will not be happy to miss this.

[BCExchange]

OMFG i think i've just been scammed after i posted here i got a message from: https://bitcointalk.org/index.php?action=profile;u=526637

But i think this might be a different users omg please tell me this isnt true!
I send him my LTC...........

Someone help please

We have no association with that account.

As mentioned in the original announcement, there are only two ways to purchase BlockShares: by emailing bkssale@vistomail.com or sending a BitMessage to BM-2cTihATJ5FwJ7vWBwZmJjr55eFPFWBCmCQ.

It's unfortunate that some users will attempt to erode the enthusiasm we've developed for B&C Exchange so far by engaging in scams and theft. Please use caution when responding to any entity claiming to be a member of our team, and send a direct message to us on this account if you are uncertain.

We encourage everyone to report that fraudulent user to bitcointalk moderators.

[BCExchange]

We have made a public announcement about this fraudulent user "BCExchanqe" here: https://bitcointalk.org/index.php?topic=1103670.msg11748442#msg11748442

It is critical that all prospective purchasers of BlockShares take the time to carefully read our main announcement. Communication about the purchasing of BlockShares will not occur in any channel other than the email and BitMessage address provided.

[sabreiib]

Look out the scammers.

Will B&C team continue to report the new pledge after 20,000$?

[BCExchange]

Will B&C team continue to report the new pledge after 20,000$?

Yes we will provide updated totals as fundraising progresses.