[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

[Koontas]

I bought BLOCK with SWIFT and it gave me an exchange of 0.000133.

That was close to the trading price at the time, but nowhere close to the recent average. SWIFT dumped like crazy yesterday. Why was the price not an average based on history as promised.

If SWIFT had pumped would it have been more valuable? There really seems to be something wrong here. I've seen others complain but were ignored.

Also, this ignores the 10% discount, which couldn't have been applied.

Amen brother.  

Please explain this.

[1715283284]

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[1715283284]

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[defunctec]

Privet transactions...

How do you achieve privet transactions on the blockchain?

Or are the transactions as privet as bitcoin?

look into librexcoin's innovation for anon

Ok, i know all about Zerocoin/Zerocash.

Do you expect me to be impressed with using this tech?

Zerocash has major problems with scalability.  Blockchain bloat from using Zero would destroy Moors law and make it unrealistic for mass adoption in the long run.

So i guess, blocknet uses librexcoin's blockchain for it's anon transactions? If so, i see librecoin as a liability for blocknet...

Why not use Darkcoin/Darksend?

XC's privacy tech is unrivalled.

XC private payments will be made a service on the Blocknet.

- does this to a blockchain (and somewhat reduces bloat due to atomic multiparty transactions):

That's a lovely picture for me to look at and supposedly be amazed, as my tiny little brain can't handle the awesomeness of XC's blockchain mixing.

Is the code open for me to look at? Are there any independent reviews I can read?

This is pretty important if you are claiming anonymity.

[Jimmy_Zed]

Any idea when are we going to be able to withdraw blocknet from bittrex?

Well you first need a wallet to withdraw the coins or tokens or whatever they call it. There is no wallet yet.

Getting 2500 BTC in the name of the claim that they will start developing the blocknet once they get the funds - not a bad job if you can get it.

I see blocknet it's not selling like hot cakes, as the ones behind it expected, because people are starting to wake up to these scams. It was about time !

Jimmy Zed

[tx42]

I want an answer to this.

Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?

Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK. 

And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.

+1,000,000

Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.

[synechist]

An update from CoinGateway:


Coingateway has about 40 tickets in-process for payments‏.


Once those are done, they will do the 10% payouts.

This is likely (but not certain) to happen at around 21:00GMT (5pm EST‏).

[synechist]

Any idea when are we going to be able to withdraw blocknet from bittrex?

Well you first need a wallet to withdraw the coins or tokens or whatever they call it. There is no wallet yet.

Well, getting 2500 BTC in the name of the claim that they will start developing the blocknet once they get the funds.

I see blocknet it's not selling like hot cakes, as the ones behind it expected, because people are starting to wake up to these scams. It was about time !

Jimmy Zed

Huh?

There is a wallet. Look at the OP, or the website.

And the Blocknet is selling fast. 700 BTC in the first 7 hours.

The ITO lasts 7 days and we're selling a maximum of 2500 BTC worth of BLOCK. All's pretty healthy here.

[synechist]

is stealth still part of blocknet?

Why wouldn't they be?

[synechist]

This is a retarded term:

* The ITO must raise 850 BTC total across all exchanges to be considered a success.

WTF is this? Bittrex, get serious will you?

That is the minimum amount (that we determined ourselves) in order for the project to go ahead.

[spookycoins]

Blocknet Wallets available at

OSX : http://www.atcsecure.com/blocknet/blocknet-Qt-OSX-V1.1.1.3.dmg

Windows : http://www.atcsecure.com/blocknet/blocknet-qt.1.1.1.3b.zip

Source : https://github.com/atcsecure/blocknet

[qawzsx]

This is a retarded term:

* The ITO must raise 850 BTC total across all exchanges to be considered a success.

WTF is this? Bittrex, get serious will you?

That is the minimum amount (that we determined ourselves) in order for the project to go ahead.

Oh, sorry, so it's not their rule, that rule was determined by you.

Ok, by bad

[synechist]

I want an answer to this.

Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?

Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK. 

And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.

+1,000,000

Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.

The value of an "average price" depends entirely on one's algorithm for determining the average.

So "nowhere near an average price" is strictly incorrect.

[synechist]

Now now tx42, be civil.

No abusively worded comments please.



Let's also respond to uncivil comments with civility.

[The-C-Word]

An update from CoinGateway:


Coingateway has about 40 tickets in-process for payments‏.


Once those are done, they will do the 10% payouts.

This is likely (but not certain) to happen at around 21:00GMT (5pm EST‏).

So they'll automatically issue the payouts for those who purchased with the participating altcoins or will there be a kind of claims process?

[qawzsx]

Now now tx42, be civil.

No abusively worded comments please.



Let's also respond to uncivil comments with respect.

No no ))

[synechist]

An update from CoinGateway:


Coingateway has about 40 tickets in-process for payments‏.


Once those are done, they will do the 10% payouts.

This is likely (but not certain) to happen at around 21:00GMT (5pm EST‏).

So they'll automatically issue the payouts for those who purchased with the participating altcoins or will there be a kind of claims process?

Submit a ticket, on a principle of best practice.

It'll ensure that there's zero chance your purchase will end up falling through the cracks.

[tx42]

I want an answer to this.

Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?

Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK. 

And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.

+1,000,000

Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.

The value of an "average price" depends entirely on one's algorithm for determining the average.

So "nowhere near an average price" is strictly incorrect.

You can reverse engineer the averaging function from the time at trade and the trade rate. Your average was for a 45 minute window at best.

Either that or you took the lower of two ratios, one being a long term average and the other being a short term average.

You shafted SWIFT people here because it dumped the hardest. Other coins like SSD were stable throughout and those people got the fairest deal.

[Jbanna]

can some coins be moved around if they aren't all sold? It's unfair how the coingateway ITO was held... there were problems, people weren't sure if they were receiving discounts. I think another 10% of blocknet coins should be moved into the coingateway for users who missed out due to the unfair circumstances.

[tx42]

Now now tx42, be civil.

It's hard to be civil when I realize the averaging function you used for the trade ratio shafts those who held through the SWIFT dump.


[edit]

Please reveal your averaging function now that it's practically impossible to take advantage of it.

[ib88]

I want an answer to this.

Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?

Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK. 

And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.

+1,000,000

Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.

The value of an "average price" depends entirely on one's algorithm for determining the average.

So "nowhere near an average price" is strictly incorrect.

Now that altcoins can no longer be used to buy Blocknet tokens can you tell us how the average for each coin was determined?

[A Cry for Help]

is stealth still part of blocknet?

Why wouldn't they be?

Just curious...

Most likely they meant SDC or ShadowCoin which bailed out just recently.