Blocknet - Polo, Kraken, Bitfinex killer

[danielwwt]

very good news
$30+ is inevitable for this coin in the coming weeks so long as Bitcoin doesn't crash epically.
Hard fork 3rd week of july actually

lol, btc did crash epically. However, blocknet is holding strong and let's just wait patiently.

[FoldingMoney]

Can we say that "masternode" is like Chaincoin and Syndicate?   Why did those other coins get pumped instead...

I think the main reason is the cost of node - 5000 block is not cheap and its a huge gamble for someone who has not spent the time to really understand where blocknet is on the development curve, and what the actual technology is and does.  i completely understand that.

chain and syn nodes are very cheap, and nodes seem like a current fad.  whatever this current node zeitgeist is, chaincoin has hit the nail right on the head and created a lot of excitement..  my problem with those coins is where's the substance?  whoop, ive got a node that pays X% interest per year in CHC or SYN, but whats the underlying value of the coin, and hence whats the value in having the node payout?  

blocknet is not a 'node' coin, it has deep technology underneath.  A 5000 block 'service node' or 'exchange node' administers trades and distributes fees.   in return for which the owner receives a payout in block of all trades.  there is an intrinsic value and purpose

it also so happens that the staking payouts are decent and frequent,  3% pa.  

i feel like the block price now has been the victim of overarching market conditions, certainly the price does not seem to be currently correlated to development breakrthroughs which are happening apace..

to me, blocknet is one of the least scammy and most substantial projects in all of crypto and i hope they get the prominence and success they deserve

[sgtwiggles]

I am excited about Block.  Just found this details look of a DX DYN / SYS trade on their channel.


https://www.youtube.com/embed/uCiZQbXAvYk

[IamHigh]

Good points about Blocknet and its comparison with existing centralized exchanges like Kraken and Bittrex. But you forget that there are lots of decentralized exchanges out there. So it won't be asy for blocknet to compete with its competitors.

[stopbuyingshitcoins]

Good points about Blocknet and its comparison with existing centralized exchanges like Kraken and Bittrex. But you forget that there are lots of decentralized exchanges out there. So it won't be asy for blocknet to compete with its competitors.

Are the others really decentralized?

[FoldingMoney]

Blocknet is so utterly pregnant with possibilities, and so chronically under-appreciated and known.  while this document doesn't focus on the first implementation, namely the decentralised exchange which is advanced in development - fully decentralised working trades - it's a good introduction to the project.  other DEX projects which are objectively inferior to blocknet's technology have undergone massive pumps.  blocknet's pump awaits..

https://docs.google.com/document/d/1paGxt6qi_BXUx2sOptLOyoMEAWUlSWehhj0sBuwu8Sk/edit

[Ayers]

so is this a coin that has a build-in exchange in the client? i was asking for this for bitcoin but they made it in altcoin nice, but can this be minable or i need to buy? i see the price is very high already

[thejaytiesto]

Blocknet could be the best investment of 2017. Here's why:

Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?

Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin

Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".

Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.

AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897

Join the Slack: https://blocknet.herokuapp.com/

Twitter: https://twitter.com/The_Blocknet

Blocknet requires that you are running a full node every coin that you want to trade. Explain to me how the fuck it can replace the ease of use of centralized exchanges.

If Blocknet worked in a browser and didn't require you download anything then centralized exhanges would be dead, but its not the case at all.

[FoldingMoney]

quote "Blocknet requires that you are running a full node every coin that you want to trade. Explain to me how the fuck it can replace the ease of use of centralized exchanges.

If Blocknet worked in a browser and didn't require you download anything then centralized exhanges would be dead, but its not the case at all.
[/quote]

i assume you mean full blockchain download, not node.  currently yes, but SPV lite wallet will mean no, no you wont need to have full blockchains downloaded.  and it will run from a web interface.  the depth of thought that's gone into this from the developers astonishes me, and to my mind nothing is lost.  a simple web interface planned and very much in the works.

so is this a coin that has a build-in exchange in the client? i was asking for this for bitcoin but they made it in altcoin nice, but can this be minable or i need to buy? i see the price is very high already

from my understanding a blocknet API will be integrated into wallet.  you trade from wallet to your counterparty's wallet.  none of your funds leave your control at any point, nor any of your personal information. 

i wonder about full chain downloads - with blocknet youll be trading from your wallet directly and by implication youll already have the chain.   (though thats not true in all cases...  im not in the team, just a massive enthusiast and admirer of this tech's endless posibilities!)

its all there for those with eyes to see it....

[truxton]

There is some news coming...

[FoldingMoney]

i view blocknet as a couple of guys in their garage circa 1990...
 

[CryptoXMan]

i view blocknet as a couple of guys in their garage circa 1990...
 

And at the current price... it's really like Steve Jobs in the early days of Apple.   We have seen nothing yet. It's going to skyrocket once the words finally get spread about the platform.

[McWorse]

And all the dumps from the last weeks... What about BLOCK?
Nearly total recovery.
Only a few coins own such a strength.
Ask yourself why.

[lissics]

Yes, only solid holders own Blocknet coins.
No sweaty hands.

[truxton]

Let me help you out.

[hodlthedoor]

im in for the ride

[CryptoXMan]

People have to realized that Blocknet is still under 40 Mil in marketcap.   There's only 3.9 mil or so Block out there.   Of course the price per coin is going to seem "high".   This isn't just a no utility coin.   This is a truly decentralized trustless exchange and that's only the first app for Blocknet.   

UNDER 40 million marketcap.   Do you know how undervalued that is?

[landwind]

Wish i had bougt more than 650 Blocks . Yesterday i wanted to sell 350 of them to buy antshares . Always sleep one night before decisions . Would have been my worst move

[McWorse]

Extreme solid at the moment, with a slight uptrend. Not really adicted to the volatility of the market. Which is a better sign than graphs and lines. BLOCK standing strong as the need for a truely decentralized exchange. Interesting and good investment!

[sgtwiggles]

Looks like BTC-e is going to be shut down.  Blocknet more relevant than ever..

Blocknet is decentralized. no 3rd party risk!
 
Trade direct wallet to wallet. https://www.youtube.com/channel/UCCDBoR9fHb21bLH7FGvFrQg