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ndrog
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November 04, 2014, 06:11:02 PM
 #201

There are some concerns about the future well being of NHZ that needs to be dealt ASAP:
Firstly, there is a big risk that the 32 mil accumulated in the Blocknet account, will be eventually dumped for BTC (in order to finance blocknet project) and we all know what the end result will be for all of us. We need to notify them that in the event they need to convert their NHZ holdings, at least do it in a manner over a reasonable time frame, where  price will not be affected as much.
I see the price will remain stagnant until we get some sort of official answer/promise from them, in order to safe guard current holders & prospective NHZ investors.

Any NHZ that was raised for Blocknet will be kept as NHZ in cold storage, not dumped for BTC.

So, 'Blocknet' is in the above announcement subject for NHZ. What's going on with blocknet? I've been reading a lot about it being a scam and such. Is that news FUD? Probably not a good idea to associate NHZ with blocknet if it's a no go imo.

http://www.coinssource.com/interview-with-dan-metcalf-regarding-recent-blocknet-concerns/

This interview answers a lot of Blocknet related questions. It's not a scam, and it is strictly FUD. If at the end of the ITO, Blocknet fails to raise the 850 BTC minimum, then the project will be cancelled. If the project meets its BTC goals, then Horizon will receive an initial amount of BTC, and anything past that, will require formal fund requests that will be held in escrow.

It was all orchestrated FUD from trolls of a specific coin.  Everything was debunked, and things are moving along.  I have no doubt in my mind that BLOCK will achieve their minimum requirement for funding and will move forward.  BLOCK is not a scam.  If you follow Dan and/or XC you know that he delivers.  I have no doubt that he will deliver on BlockNet and it will be a force to be reckoned with.  Timelines may be a little bit of an issue for most people, but everything is outlined in the BlockNet summary PDF.

IMO, NHZ will benefit from blocknet in the long-run.  It will bring more people over to the asset network because if you own BlockNet tokens, they will be exchanged for assets on NHZ.  More traffic = more buyers.  Once the latest wallet is completed, it opens NHZ up onto more exchanges, again increasing traffic. 

Hearing that the NHZ raised from BLockNet exchange are staying as NHZ assets and not being transferred to BTC is encouraging.  That can be used for bounties or whatever down the road.  Basically it's 32 million coins off the market for now!

Good to hear everything is under control.

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November 05, 2014, 02:03:53 AM
 #202

Server that houses the block explorer keeps acting up, so it's frozen at the moment. We are working on migrating to a new server. Will keep you updated.
Chain is moving fine.

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November 05, 2014, 09:36:38 PM
 #203

No node bounties today?
The last transaction was 2014-11-05 17:22:09 UTC (1 day, 10 hours ago)
The node check says all bounties paid, but nothing received Sad
4theLOVEofCrypto
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November 05, 2014, 09:49:27 PM
 #204

Server that houses the block explorer keeps acting up, so it's frozen at the moment. We are working on migrating to a new server. Will keep you updated.
Chain is moving fine.

Haven't been able to check.  Is the server still down?
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November 05, 2014, 10:34:35 PM
 #205

Server that houses the block explorer keeps acting up, so it's frozen at the moment. We are working on migrating to a new server. Will keep you updated.
Chain is moving fine.

Haven't been able to check.  Is the server still down?

Explorer is up, and we are making another one as well just in case...


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No node bounties today?
The last transaction was 2014-11-05 17:22:09 UTC (1 day, 10 hours ago)
The node check says all bounties paid, but nothing received Sad

Node bounty account ran dry last night. Topped it up this morning, payments will catch up.

I'm on Twitter: @mBTCPizpie
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November 06, 2014, 04:19:38 AM
 #206

What happened to the NHZAdult asset ann post...deleted by mods or issuer? Nothing on the forum either. Is it a scam or what?
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November 06, 2014, 05:54:51 AM
 #207

What happened to the NHZAdult asset ann post...deleted by mods or issuer? Nothing on the forum either. Is it a scam or what?

I saw it briefly before I went to bed, but didn't get a chance to look into it. The user removed it.

I'm on Twitter: @mBTCPizpie
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November 06, 2014, 08:50:21 AM
 #208

What happened to the NHZAdult asset ann post...deleted by mods or issuer? Nothing on the forum either. Is it a scam or what?
I dont know, I seen it briefly but didnt manage to read much. Mike posts half in broken english, half in chinese so its not easy to follow.



Server that houses the block explorer keeps acting up, so it's frozen at the moment. We are working on migrating to a new server. Will keep you updated.
Chain is moving fine.

Haven't been able to check.  Is the server still down?

Explorer is up, and we are making another one as well just in case...


Quote
Insert Quote
No node bounties today?
The last transaction was 2014-11-05 17:22:09 UTC (1 day, 10 hours ago)
The node check says all bounties paid, but nothing received Sad

Node bounty account ran dry last night. Topped it up this morning, payments will catch up.

Well from the looks of my transaction history I did miss out on one node bounty, but from what I gather it isnt actually that uncommon Smiley

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4theLOVEofCrypto
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November 06, 2014, 04:45:54 PM
 #209

If BlockNet ends up successfully funded after this 48 hour Bittrex refund window, here's something to maybe consider.

If you're thinking about getting in, or if you're already in but want to increase your position, now might be the best time to do it.  If BlockNet is successfully funded, that will mean higher traffic to check out what NHZ is all about, and when people see how cheap it is, volume will pick up.  That's my prediction anyway.  I'm a holder, and got in pretty recently.
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November 06, 2014, 05:16:38 PM
 #210


Well from the looks of my transaction history I did miss out on one node bounty, but from what I gather it isnt actually that uncommon Smiley

The same here. No payments for yesterday (in contrast to the given payment date in the node check)
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November 06, 2014, 05:37:39 PM
 #211


Well from the looks of my transaction history I did miss out on one node bounty, but from what I gather it isnt actually that uncommon Smiley

The same here. No payments for yesterday (in contrast to the given payment date in the node check)

The node bounty ran out that night when it was supposed to pay out, refilled it yesterday morning. There will be a backlog, but in one of the payments in the near future, you will receive a double payment.

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November 06, 2014, 05:56:26 PM
 #212

Horizon is up a lot this morning. Many BIG public announcements will be made soon + releases. Stay tuned.

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ndrog
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November 06, 2014, 06:06:51 PM
 #213

That's the way NHZ rolls  Grin

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November 06, 2014, 06:33:51 PM
 #214

Horizon is up a lot this morning. Many BIG public announcements will be made soon + releases. Stay tuned.


I knew it would Smiley.  That low volume and low price could only be contained for so long.  BOOM!
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November 06, 2014, 08:24:31 PM
 #215

Horizon is up a lot this morning. Many BIG public announcements will be made soon + releases. Stay tuned.


Looking forward to those announcements. Maybe some bounties and giveaways could also get on the board now that blocknet ITO as well as some major developments (from what I hear) are out of the way.

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Crypto_MERC
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November 07, 2014, 02:18:09 AM
 #216

Horizon is up a lot this morning. Many BIG public announcements will be made soon + releases. Stay tuned.


Looking forward to those announcements. Maybe some bounties and giveaways could also get on the board now that blocknet ITO as well as some major developments (from what I hear) are out of the way.

Up nicely today.  Can't wait for the new announcements. Another 200k to get me where I want to be.  Hmmmm
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November 07, 2014, 06:24:23 AM
 #217

The block explorer is on the fritz again.
Just wanted to give everyone a heads up!
 Smiley
Moving it to a new server...

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November 07, 2014, 06:48:12 AM
 #218

5 days ago, 50 million NHZ moved out of the poloniex@escrow account into the escrow payout account. 10 million then went to NHZHeroes account and apparently distributed to various personal accounts.

I know NHZ distribution model is bounty-based but these huge distributions should be noted somewhere at least in the forum imo. Is everyone okay that this is not discussed?! Can someone explain why escrow is moving that much NHZ and to whom?  Please send links if I missed it, thanks!
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November 07, 2014, 08:09:31 AM
 #219

5 days ago, 50 million NHZ moved out of the poloniex@escrow account into the escrow payout account. 10 million then went to NHZHeroes account and apparently distributed to various personal accounts.

I know NHZ distribution model is bounty-based but these huge distributions should be noted somewhere at least in the forum imo. Is everyone okay that this is not discussed?! Can someone explain why escrow is moving that much NHZ and to whom?  Please send links if I missed it, thanks!

It was outlined in the previous forum, but it's for the best that I post it here as well. We withdraw 50 million from the Polo escrow account every month. This process requires both Pharesim and I to make contact with a representative from Polo who then releases the funds. 10 million is paid for the development team, and associated development costs, 29-31 million per month of that goes towards the node reward bounty account, and the remaining funds are going towards soon to be announced work bounties, and social media giveaways + faucets.

https://bitcointalk.org/index.php?topic=551666.1400

Taken from old topic:

Currently 260,000,000 coins have been distributed from the 1,000,000,000. The following figures assume that 1m coins are distributed by the nodes every day for one year.

120,000,000: Development Bounty
365,000,000: Nodes
 12,000,000: Giveaways    (1,000,000 per month)
*Estimate 1000 users @ 100 NHZ per day = 36,500,000 : Website Faucet

Total over 1 year =  533,500,000 NHZ
+ 260,500,000 already distributed
= 794,000,000 NHZ   (79.4% distribution in one year)

Roughly 6.6% of the total supply is distributed per month. Using these numbers, you would be looking at a total distribution period of 15 months from today, October 4’th, 2014.

The formula is simple: 1,000,000 / # of nodes - This keeps the market healthy, and running nodes profitable so there is still incentive for people to run them and continue to grow the network.

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November 07, 2014, 12:22:30 PM
 #220

05/11 Missed payment of my nodes, anyone else?

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