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Author Topic: [ANN]★CryptoBridge★BCO★🔹Decentralized EXchange 📈RELEASED NOW BETA🔹  (Read 45652 times)
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humanam
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October 26, 2017, 06:28:08 AM
 #441

Many people still don't know how bad centralized exchanges, bittrex example - blocked users under false pretences - prior to fork btc. And immediately after that begins to demand a complete user authentication. Bittrex is already a Scam. Only decentralized exchange now the security segment!

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October 26, 2017, 08:52:02 AM
 #442

Thank you for your questions. Going to try to answer them as best as we can.

1) There are no shares in a company. There is no exchange company. This is a decentralized exchange supported by a group of developers (us). There's nothing to own other than being entitled to 50% fee payouts from the DEX as a smart contract, there is no exchange company where you could own shares or stocks.

2) Bridgecoin was fairly mined as a scrypt-compatible coin from Day 1. The dev-team mined in competition with everyone else, there was no pre-mine. The early miners can second that. Our mined BCO will finance the development of the decentralized exchange, assuming it reaches a higher price. Right now the funding is secured until the end of the year, as we were able to sell at the good prices last week. This is very much in contrast to the usual ICO launch where some budget is reserved.

Doing an ICO in our juristiction is very illegal and we want to stay out of jail, this is why we created BridgeCoin to finance the development of the DEX.

3) Future (business) development will be paid out of the 50% fee that stays with the CryptoBridge devs, or alternatively with BCO, if we haven't sold them yet, to finance the application. As there is no exchange company, there are no voting rights in what direction the DEX will take. Our experience with BitShares tells us that it is almost impossible to reach consensus in which direction the project should move, that is part of the reason why it is not very successful so far.

4) You're not investing into us, nor are we selling coins directly to you. You're buying them on the free market. You, as an investor, have to decide on the value proposition. You're welcome to compare this project to other (exchange) ICOs out there. Compared to them, we already have a working product and completed several milestones already. We're dependant on the BCO price to go up to continue to finance the development, so we're very commited to this project. There's nothing in for us to abandon the project since we're heavily invested in it. Knowing or not knowing who the devs are does not change this situation.

So couple questions from an investing standpoint.

1. How did you guys come up with the 50% profitsharing number? The way you structured this feels almost like buying stock in a regular business, however a stock in a regular business gets you the same share as what you pay for. In this case, if I buy all the bridgecoins available I only have 50% of the company.

2. I understand there must be an incentive for you to run/maintain the exchange, so rewarding yourself with 50% of the profits is one way to do this instead of doing an ICO and taking x% of coins for yourself. Once you don't have ANY coins, you are purely incentivized to make this exchange grow and reap the rewards. Instead of, like with most ICO's, pumping up some sort of business and running away with a couple million. BUT, I think you also started mining bridgecoins for yourself, so while not explicitly giving yourself x% of bridgecoins, by being the first miner, this is what happened anyway? How many bridgecoins do you have? 

3. Building the product is just the first step in running a succesfull business, redistributing all the profits seems nice, but what happens when you want to grow this exchange and need money to do this (advertising/employees/lawyers/etc). Who will pay for growth, who will decide how to grow?

4. Previous point leads to this point: Who are you? People are saying this isn't relevant, but it is relevant once I buy bridgecoins, become a shareholder and have my profits in your hands. 

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October 26, 2017, 09:07:09 AM
 #443

Is there any chance of us getting a more accurate explorer? I think this would enhance the project a great deal by providing more transparency to investors and miners.
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October 26, 2017, 09:37:24 AM
 #444

Thank you for your questions. Going to try to answer them as best as we can.

1) There are no shares in a company. There is no exchange company. This is a decentralized exchange supported by a group of developers (us). There's nothing to own other than being entitled to 50% fee payouts from the DEX as a smart contract, there is no exchange company where you could own shares or stocks.

2) Bridgecoin was fairly mined as a scrypt-compatible coin from Day 1. The dev-team mined in competition with everyone else, there was no pre-mine. The early miners can second that. Our mined BCO will finance the development of the decentralized exchange, assuming it reaches a higher price. Right now the funding is secured until the end of the year, as we were able to sell at the good prices last week. This is very much in contrast to the usual ICO launch where some budget is reserved.

Doing an ICO in our juristiction is very illegal and we want to stay out of jail, this is why we created BridgeCoin to finance the development of the DEX.

3) Future (business) development will be paid out of the 50% fee that stays with the CryptoBridge devs, or alternatively with BCO, if we haven't sold them yet, to finance the application. As there is no exchange company, there are no voting rights in what direction the DEX will take. Our experience with BitShares tells us that it is almost impossible to reach consensus in which direction the project should move, that is part of the reason why it is not very successful so far.

4) You're not investing into us, nor are we selling coins directly to you. You're buying them on the free market. You, as an investor, have to decide on the value proposition. You're welcome to compare this project to other (exchange) ICOs out there. Compared to them, we already have a working product and completed several milestones already. We're dependant on the BCO price to go up to continue to finance the development, so we're very commited to this project. There's nothing in for us to abandon the project since we're heavily invested in it. Knowing or not knowing who the devs are does not change this situation.

So couple questions from an investing standpoint.

1. How did you guys come up with the 50% profitsharing number? The way you structured this feels almost like buying stock in a regular business, however a stock in a regular business gets you the same share as what you pay for. In this case, if I buy all the bridgecoins available I only have 50% of the company.

2. I understand there must be an incentive for you to run/maintain the exchange, so rewarding yourself with 50% of the profits is one way to do this instead of doing an ICO and taking x% of coins for yourself. Once you don't have ANY coins, you are purely incentivized to make this exchange grow and reap the rewards. Instead of, like with most ICO's, pumping up some sort of business and running away with a couple million. BUT, I think you also started mining bridgecoins for yourself, so while not explicitly giving yourself x% of bridgecoins, by being the first miner, this is what happened anyway? How many bridgecoins do you have? 

3. Building the product is just the first step in running a succesfull business, redistributing all the profits seems nice, but what happens when you want to grow this exchange and need money to do this (advertising/employees/lawyers/etc). Who will pay for growth, who will decide how to grow?

4. Previous point leads to this point: Who are you? People are saying this isn't relevant, but it is relevant once I buy bridgecoins, become a shareholder and have my profits in your hands. 

Thank you for your clarification. An explorer which shows the right numbers would be really helpful.
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October 26, 2017, 10:01:46 AM
 #445

By unaminous verdict, please upgrade the explorer! I'm not bothered who the devs are, I can see they're working relentlessly on a good product.  Cool
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October 26, 2017, 11:02:43 AM
 #446

Announcing CryptoBridge Market Maker program

We are proud to announce the Market Maker program which allows all participants to earn money by providing liquidity to a trading market.

What is a market maker?
A market maker is someone who provides liquidity to a market. You can do that by creating sell or buy orders (limit orders), thus reducing the spread. This is good for markets: it gives other potential participants visible options and information. Thick order books also reduce slippage (ie. a large order doesn't spike the price as much, one way or the other). Thus adding liquidity to a market adds value to all existing and potential participants.

How does it work?
Once a limit order you placed gets filled, you're not only getting reimbursed for the trading fee, you actually receive 50% of the market taker's trading fee. At 0.20% fee per trading pair, you are actually earning 0.10% per filled order. Our goal is to improve liquidity and spread on all our markets. Payouts are happening on a weekly basis.

This program is limited until November 30th 2017. It is possible and likely that this program will be extended to stimulate liquidity and growth.

----

We have also re-made and relaunched our website available at https://crypto-bridge.org with an updated roadmap.

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October 26, 2017, 01:43:49 PM
 #447

I suggest updating the new website on CMC, it's amazing and deserves recognition.

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October 26, 2017, 03:54:57 PM
 #448

I suggest updating the new website on CMC, it's amazing and deserves recognition.

Well, that's the CryptoBridge site which got a revamp. BridgeCoin site will be re-done soon, and the coin is BridgeCoin so the link is technically correct.

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October 26, 2017, 04:03:50 PM
 #449

Any plans for an upgraded explorer? I'd like to see the movement of wallets more accurately. I should be in the top 100 wallets from about 2 weeks ago and this still isn't displayed as it should be. I appreciate you and the team have a lot of work on, but this question remains unanswered.
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October 26, 2017, 04:11:50 PM
 #450

Any plans for an upgraded explorer? I'd like to see the movement of wallets more accurately. I should be in the top 100 wallets from about 2 weeks ago and this still isn't displayed as it should be. I appreciate you and the team have a lot of work on, but this question remains unanswered.

We're looking into it. We'll probably post a bounty to get it fixed.

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October 26, 2017, 04:15:05 PM
 #451

Any plans for an upgraded explorer? I'd like to see the movement of wallets more accurately. I should be in the top 100 wallets from about 2 weeks ago and this still isn't displayed as it should be. I appreciate you and the team have a lot of work on, but this question remains unanswered.

We're looking into it. We'll probably post a bounty to get it fixed.
Thanks, thats great news, and keep up the good work, you've got a monster on your hands  Wink
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October 27, 2017, 08:55:29 PM
 #452

Any way Semux beeing added to BCO ? It is becoming popular and till now in their OTC thread scammers are all over the place . Maybe it would be a nice ( and profitable ) addition in cryptobridge .

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October 28, 2017, 05:10:56 AM
 #453

Any way Semux beeing added to BCO ? It is becoming popular and till now in their OTC thread scammers are all over the place . Maybe it would be a nice ( and profitable ) addition in cryptobridge .

Please make this happen. The first exchange to add it will benefit dearly from it.

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October 28, 2017, 06:10:46 AM
 #454

looks like a cool project.  can someone help me set up a bfg miner on windows?  I followed the instructions on the pool site but when i try to run the "Runme.bat" file it opens in terminal for a sec and immediately closes out.. 
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October 28, 2017, 06:57:26 AM
 #455

Thank you for your questions. Going to try to answer them as best as we can.

1) There are no shares in a company. There is no exchange company. This is a decentralized exchange supported by a group of developers (us). There's nothing to own other than being entitled to 50% fee payouts from the DEX as a smart contract, there is no exchange company where you could own shares or stocks.

2) Bridgecoin was fairly mined as a scrypt-compatible coin from Day 1. The dev-team mined in competition with everyone else, there was no pre-mine. The early miners can second that. Our mined BCO will finance the development of the decentralized exchange, assuming it reaches a higher price. Right now the funding is secured until the end of the year, as we were able to sell at the good prices last week. This is very much in contrast to the usual ICO launch where some budget is reserved.

Doing an ICO in our juristiction is very illegal and we want to stay out of jail, this is why we created BridgeCoin to finance the development of the DEX.

3) Future (business) development will be paid out of the 50% fee that stays with the CryptoBridge devs, or alternatively with BCO, if we haven't sold them yet, to finance the application. As there is no exchange company, there are no voting rights in what direction the DEX will take. Our experience with BitShares tells us that it is almost impossible to reach consensus in which direction the project should move, that is part of the reason why it is not very successful so far.

4) You're not investing into us, nor are we selling coins directly to you. You're buying them on the free market. You, as an investor, have to decide on the value proposition. You're welcome to compare this project to other (exchange) ICOs out there. Compared to them, we already have a working product and completed several milestones already. We're dependant on the BCO price to go up to continue to finance the development, so we're very commited to this project. There's nothing in for us to abandon the project since we're heavily invested in it. Knowing or not knowing who the devs are does not change this situation.

So couple questions from an investing standpoint.

1. How did you guys come up with the 50% profitsharing number? The way you structured this feels almost like buying stock in a regular business, however a stock in a regular business gets you the same share as what you pay for. In this case, if I buy all the bridgecoins available I only have 50% of the company.

2. I understand there must be an incentive for you to run/maintain the exchange, so rewarding yourself with 50% of the profits is one way to do this instead of doing an ICO and taking x% of coins for yourself. Once you don't have ANY coins, you are purely incentivized to make this exchange grow and reap the rewards. Instead of, like with most ICO's, pumping up some sort of business and running away with a couple million. BUT, I think you also started mining bridgecoins for yourself, so while not explicitly giving yourself x% of bridgecoins, by being the first miner, this is what happened anyway? How many bridgecoins do you have? 

3. Building the product is just the first step in running a succesfull business, redistributing all the profits seems nice, but what happens when you want to grow this exchange and need money to do this (advertising/employees/lawyers/etc). Who will pay for growth, who will decide how to grow?

4. Previous point leads to this point: Who are you? People are saying this isn't relevant, but it is relevant once I buy bridgecoins, become a shareholder and have my profits in your hands. 


the way you organazied this dex is brilliant, everyone who talks about scam or else has no knowledge of the current situation of law and crypto.
the daos and dex are a great way to keep crypto free, i have alot of suggestions for your project maybe we can chat or i can pm u

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October 28, 2017, 08:54:28 PM
 #456

Can anyone answer me on when all coins will be totally mined?
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October 28, 2017, 11:58:55 PM
 #457

Last time I checked, all coins will be mined by late december this year. Staking at the DEX will be active by then so there's no need to be mining.
This question was answered on last page.
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October 29, 2017, 08:32:53 AM
 #458

Hi dev, can you help me finding my username?
I deposited 12021 XIOS to my deposit address: 2Fy8Duo3739DzT5dsQnVtTnnPWAfDw8uBP
Time: 16 Oct

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October 30, 2017, 12:04:17 AM
 #459

k so thing kept closing bc i was missing a space somewhere.. now i got a new problem.  does anyone know how to fix this?  

"Most likely you have input the wrong URL, forgotten to add a port, or have not set up workers
 [2017-10-29 20:02:23] Pool: 0  URL: stratum+tcp://stratum.bridgecoin.org:3333  User: es "

" Waiting for devices; press 'M+' to add, or 'Q' to quit
 [2017-10-29 20:17:36] Probing for an alive pool
 [2017-10-29 20:17:36] pool 0 JSON stratum auth failed: (null)
 [2017-10-29 20:17:37] No servers were found that could be used to get work from.
 [2017-10-29 20:17:37] Please check the details from the list below of the servers you have input
 [2017-10-29 20:17:37] Most likely you have input the wrong URL, forgotten to add a port, or have not set up workers
 [2017-10-29 20:17:37] Pool: 0  URL: stratum+tcp://stratum.bridgecoin.org:3333  User: esk"
cryptur
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October 30, 2017, 09:09:17 AM
 #460

k so thing kept closing bc i was missing a space somewhere.. now i got a new problem.  does anyone know how to fix this?  

"Most likely you have input the wrong URL, forgotten to add a port, or have not set up workers
 [2017-10-29 20:02:23] Pool: 0  URL: stratum+tcp://stratum.bridgecoin.org:3333  User: es "

" Waiting for devices; press 'M+' to add, or 'Q' to quit
 [2017-10-29 20:17:36] Probing for an alive pool
 [2017-10-29 20:17:36] pool 0 JSON stratum auth failed: (null)
 [2017-10-29 20:17:37] No servers were found that could be used to get work from.
 [2017-10-29 20:17:37] Please check the details from the list below of the servers you have input
 [2017-10-29 20:17:37] Most likely you have input the wrong URL, forgotten to add a port, or have not set up workers
 [2017-10-29 20:17:37] Pool: 0  URL: stratum+tcp://stratum.bridgecoin.org:3333  User: esk"

i bet you are just missing a password

first go to https://pool.bridgecoin.org/index.php?page=account&action=workers

ad your worker there with user and password (activate monitoring and hit update again)

then add the new user info in your miner

good luck

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