Closed Thread

[mrvegad]

Ok, so I have 1000 NODE's and want to change them into USD, I will have to find an external exchange that will take my 1000 Node's and give me USD?

[1714129860]

1714129860

[1714129860]

1714129860

[Momimaus]

I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.

So you have 1000 NODEs equals 500$.  So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.

Right? Wong?

1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!

How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?

In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.

In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!

 

I think here is the explanation, but it doesn´t make me understanding this completely.

You are wrong and right at the same time!

You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.

keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses  to  accept and release fiat without spending extra on accounting!

Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!


 



Yes, refer to it as "legal evasion"

So sick, I am feeling like an analphabet.

So how works the process?

I have Fiat, I want altcoinXY through NODE.
What do I have to do?
Which convertains will it take during the whole process?
Where/Who will be converted/convert?

Maybe we need a picture.

ok, maybe i'm explaining it wrong! Sorry for making you feel like an alphabet!

You are somehow mistaking Node for an Exchange! When i referred to connecting to different exchanges i mean that you will be able to access your already existing exchange account (like btc38) within the client - for ease of interaction. Meaning that we will only assure you with an different user experience, but in no case an exchanging service!

So to understand how the process of transferring fiat we will examine the situation that you provided above:

- So you have 1000 NODEs in your account in order to transform those nodes in to BTC/USD/Eur you will have to visit an exchange. There you will be able to convert them in to other assets.

The Transaction validation in Node is instant so your deposit will be added on exchanges immediately!

- Let's say you sold you 1000Nodes for 500$, now the exchange lets you withdraw them trough banking services or, get them to your Node Fiat account! Node: the difference between the accounts is the particular asset extension "Usd - Eur".

- Let's say you chose to get them back to your node account! Now you can do the following:

1) Send them to another Node account holder
2) Pay for goods/ services
3) Withdraw


But as i mentioned before, when we will connect the exchanges within the wallet, and thanks to the blazing confirmation speed we will be able to create and express exchange within your dashboard, allowing you to do exchange very fast from one asset to another asset accepted within the wallet.

Does it make sense ?? Any questions??

Alright, thank you. It makes sense.

Looks like we will get Crypto-metatrader ;-) Awesome

But I was right in one point, there is no integrated Fiat exchange like mentioned before.
It´s good to clearify this now, before someone is disappointed. But I do like the concept.

[CECVW]

Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?

[DynhoSts]

Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?

we will see this very soon, today or tomorow the witepaper with roadmap will be posted, my prediction is about 0,10 usd or more is the begin. TOP 5 in few days !!! at this moment 1 node = 0,06 usd in trade thread.

[haggis]

Does it make sense for the client to re-verify all blocks at every start or will this behavior get fixed in a later version?

[mrvegad]

Does it make sense for the client to re-verify all blocks at every start or will this behavior get fixed in a later version?

The way blocks get re-verified will be changed later.

[elite3000]

Old days:
USD --> BTC --> altcoins

SuperNET with NODE fiat exchange:
USD --> NODE --> altcoins

How big are chances for NODE to deliver fiat exchange and be part of SuperNET?

When this will be real, than 1 stake (with a marketcap of 10 billion dollar) is worth now 6 Million Dollar!

When this will be true, than every who sold his stake under 1 Million Dollar (most sold for 500 Dollar lol) or less will really cry.  

wow Very like this
looking forward to this coin!

[foxbitcoin]

NODE will in Supernet ?

[marek3ball]

I like both ideas!

A) work with NODE and auto-calculate price to see USD

B) exchange connected within NODE

----------------------------------------------------------------

Real life example:

I want to send $500. Now it is not possible with crypro to really receive $500. It will be $495 or $570 who knows.

Once the NODE + exchange connection will work then I coud do:
1) send equivalent of $500 = 1000 NODE (tommorow it will be 1021 NODE, I don't care)
2) include 5% to cover exchange rate changes in next minutes
3) other side will receive 1000 NODE + 50 NODE
4) automat will exchange it to $500 and use 27 NODE to cover price change
5) 23 NODE will go back to the sender

User wil only set:
- how much send in USD
- deliver in USD
- price reserve for changing exchange rate 1% - 20% during process
- receive back unused reserve
- recipient will receive exactly $500

Target currency could be any crypto too. I have X NODE and I have to pay 0.3 BTC. Then I will set "deliver in BTC", set the x% reserve. Imagine how complicated it is today and finally you will end it with 0.36 or 0.28 BTC after few hours on exchanges.

What do you think about it?

[DynhoSts]

Today is the day withepaper will be posted ... And in 4 days a exchange

Will we be able to trade Node to bitcoin, euro and dollars inside the wallet?

Where will the initial liquidity come from?


When is an exchange coming?

1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!

2) Roughly Estimate 2 weeks!

[patmast3r]

Today is the day withepaper will be posted ...

Where is that information from ?

[cryptonikus]

Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?

we will see this very soon, today or tomorow the witepaper with roadmap will be posted, my prediction is about 0,10 usd or more is the begin. TOP 5 in few days !!! at this moment 1 node = 0,06 usd in trade thread.

What? 0,06 USD for one NODE right now??? That is crazy!

500,000 x 0,06 = 30,000 USD

Where is trade thread, I have hard times to grasp it

EDIT: I found it : https://bitcointalk.org/index.php?topic=727745.0

Ok, I havent seen anything like that in trading thread, you probably missed one zero with 0,06 for 1 NODE.
NODE stake around 6 BTC so price of 1 NODE is around 0,006.

[DynhoSts]

looks good =D

Until the end of the week we will provide a white paper and development roadmap

@patmaster ... Read more

[patmast3r]

looks good =D

Until the end of the week we will provide a white paper and development roadmap

@patmaster ... Read more

I did read that. I just though there was some announcemant clearifying that is is definitely going to be today.
The quote sounds more like a guesstimate.

[instacalm]

Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?

we will see this very soon, today or tomorow the witepaper with roadmap will be posted, my prediction is about 0,10 usd or more is the begin. TOP 5 in few days !!! at this moment 1 node = 0,06 usd in trade thread.

What? 0,06 USD for one NODE right now??? That is crazy!

500,000 x 0,06 = 30,000 USD

Where is trade thread, I have hard times to grasp it

EDIT: I found it : https://bitcointalk.org/index.php?topic=727745.0

Nobody's buying for that rate ... and needless to say it would be nuts to do so at this point.

[SillkRoad]

Today is the day withepaper will be posted ...

Where is that information from ?

White paper still in the process, it is almost ready in the next 2-3 days we will publish it

[Hueristic]

Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?

we will see this very soon, today or tomorow the witepaper with roadmap will be posted, my prediction is about 0,10 usd or more is the begin. TOP 5 in few days !!! at this moment 1 node = 0,06 usd in trade thread.

What? 0,06 USD for one NODE right now??? That is crazy!

500,000 x 0,06 = 30,000 USD

Where is trade thread, I have hard times to grasp it

EDIT: I found it : https://bitcointalk.org/index.php?topic=727745.0

Nobody's buying for that rate ... and needless to say it would be nuts to do so at this point.

Add the Trade offers to the OP of your Trade thread. I will be redirecting people to The Unmoderated Trade thread from now on.

https://bitcointalk.org/index.php?topic=772465.0

[koop4u]

I like both ideas!

A) work with NODE and auto-calculate price to see USD

B) exchange connected within NODE

----------------------------------------------------------------

Real life example:

I want to send $500. Now it is not possible with crypro to really receive $500. It will be $495 or $570 who knows.

Once the NODE + exchange connection will work then I coud do:
1) send equivalent of $500 = 1000 NODE (tommorow it will be 1021 NODE, I don't care)
2) include 5% to cover exchange rate changes in next minutes
3) other side will receive 1000 NODE + 50 NODE
4) automat will exchange it to $500 and use 27 NODE to cover price change
5) 23 NODE will go back to the sender

User wil only set:
- how much send in USD
- deliver in USD
- price reserve for changing exchange rate 1% - 20% during process
- receive back unused reserve
- recipient will receive exactly $500

Target currency could be any crypto too. I have X NODE and I have to pay 0.3 BTC. Then I will set "deliver in BTC", set the x% reserve. Imagine how complicated it is today and finally you will end it with 0.36 or 0.28 BTC after few hours on exchanges.

What do you think about it?

You have a nice set of ideas!

The only thing to consider is that node operates with separate assets that can be interchanged within the wallet trough an exchange gateway! I'm mentioning this for others not to get confused!

I think this is a great idea, and it won't require much programming effort as the estimation will be made by bots in real time!

At this point i would like to mention the advantage of Node.js over other technologies! Thanks to it we are able to make/add app-like modules, which can + in the functional base.

I added your idea to the pool! I'm pretty sure skill and the rest of the gang will find it suitable!

The best part if we apply this "reserve" concept, is that Node has practically immediate trx confirmation, which will allow to minimize the reserve %, as deposit and withdrawal will be at blazing speeds! Compared with Bitcoin

[youyou_]

hello,

could someone send some testnet to 15217838042113690197 please?

[romawi]

Has anyone a link to the blockexplorer?
@koop4u. Please add the blockexplorerlink to the OP.