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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103265 times)
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techbytes
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October 30, 2014, 01:20:48 PM
 #2141

thats how an ito should originally work. You buy in, wait out the ITO period, and only then get your bought shares. wtf is the problem with you lot?

Devs could have been more clear on this also.

Why was I able to withdraw from Polo? a glitch from the start, but a minor one. Relax and wait a year
of course..they fucked up big time..and people lost money. I support the project, but I'm not going to hide the fact that people lost money, including me, because of their ill prepared launch...period.


This was just Polo and allcoin being greedy raking in fees and padding their volume count instead of doing the right thing and disable trading like Bittrex.  Has nothing to do with the dev.

No one lost any money.  Just a lot of people taking advantage of the 10% discount.  Buying at 10% discount then dump just below ITO prices.  This was why a lot of people were bitching about their 10%.  


-tb-

  

synechist (OP)
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October 30, 2014, 01:21:36 PM
 #2142

@synechist

Please explain the relation between Blocks, Total stake weight and Network stake weight?

If you have in your wallet xxxx Blocks, how calculate the Total stake weight or Network stake weight?

Do it read this correct? After the ITO every Block have to change on NHZ Assets ?

Thanks


Stake weight and network weight are terms pertaining to how proof-of-stake works in general.

You can read up on PoS on Wikipedia. Alternatively a good explanation is given here: http://agroff.github.io/posv/


You'll redeem your BLOCK for NHZ assets when the Blocknet launches. This will be some time after the ITO. Read the OP.



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October 30, 2014, 01:24:02 PM
 #2143

Apologies to everyone whose comments were deleted as a result of Moonchaser's squabbling.

Let's just keep the thread free of this if possible. It's very taxing for readers to wade through.

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October 30, 2014, 01:25:48 PM
 #2144

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow

Yes, we definitely won't leave the funds at Bittrex.

We'll announce the details of whatever escrow plan we go for asap.

The community will of course have opportunity to comment on our plan here, and maybe even improve on it.


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moonchaser
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October 30, 2014, 01:26:21 PM
 #2145

lol synechist...I invested in your project and you are deleting my posts?

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BallOOner
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October 30, 2014, 01:29:12 PM
 #2146

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow

Yes, we definitely won't leave the funds at Bittrex.

We'll announce the details of whatever escrow plan we go for asap.

The community will of course have opportunity to comment on our plan here, and maybe even improve on it.



why not let bittrex hodl the funds? These guys are the most trusted people in entire crypto scene
spookycoins
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October 30, 2014, 01:31:15 PM
 #2147

Another day of cry baby whining.
Synechist, hang in there.

That's me on twitter --> @spookycoins
synechist (OP)
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October 30, 2014, 01:31:51 PM
 #2148

lol synechist...I invested in your project and you are deleting my posts?

Yes. Your complaint generated an uninformative and emotive spat between a number of people (including you).

I cleaned the thread of this as it was unhelpful and taxing to read.


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October 30, 2014, 01:32:19 PM
 #2149

I've just been through the 208 BLOCK transactions on coingateway: https://coingateway.net/transactions.php

At the top of that page it states that the total number of transaction is 687 with a total value of 317.1729 BTC and that's for all transactions, not just BLOCK, going back to 02/08/14. The 2,000,000 BLOCK is worth 500 BTC.

The total BLOCK bought is showing as 1,327,039.93. As they hadn't paid the extra 10% with those transactions then that's a total of 1,459,743.92 meaning there's a difference of 540,256.08 not accounted for from the 2,000,000 they started with.

NHZ was sold on Polo and XCash did not make it to coin gateway in time so it's shares are probably still held back until that is ready.

Any answer to this?

If funds have been held back for XCash to be included then that would mean there would need to be about 2,250,000 XCash (135BTC) to fill the remaining 540,256.08 BLOCK. There are only 2,400,000 XCash in total.
synechist (OP)
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October 30, 2014, 01:32:45 PM
 #2150

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow

Yes, we definitely won't leave the funds at Bittrex.

We'll announce the details of whatever escrow plan we go for asap.

The community will of course have opportunity to comment on our plan here, and maybe even improve on it.



why not let bittrex hodl the funds? These guys are the most trusted people in entire crypto scene

Personally I'd be happy with a multisig escrow deal with them. But as far as I know they don't do that. (I haven't been the person liaising with them directly though.)

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October 30, 2014, 01:35:02 PM
 #2151

I've just been through the 208 BLOCK transactions on coingateway: https://coingateway.net/transactions.php

At the top of that page it states that the total number of transaction is 687 with a total value of 317.1729 BTC and that's for all transactions, not just BLOCK, going back to 02/08/14. The 2,000,000 BLOCK is worth 500 BTC.

The total BLOCK bought is showing as 1,327,039.93. As they hadn't paid the extra 10% with those transactions then that's a total of 1,459,743.92 meaning there's a difference of 540,256.08 not accounted for from the 2,000,000 they started with.

NHZ was sold on Polo and XCash did not make it to coin gateway in time so it's shares are probably still held back until that is ready.

Any answer to this?

If funds have been held back for XCash to be included then that would mean there would need to be about 2,250,000 XCash (135BTC) to fill the remaining 540,256.08 BLOCK. There are only 2,400,000 XCash in total.

Funds weren't held back for XCash.

The 20% funds allocated to alts were, however, split between the NHZ pairing on Polo and the other coins on CoinGateway.

We're working on the ITO figures and I hope to present them to you all pretty soon.


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bitcoinbelieve
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October 30, 2014, 01:40:45 PM
 #2152

Does bittrex user get 10% discount?
crackfoo
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October 30, 2014, 01:41:39 PM
 #2153

Does bittrex user get 10% discount?

no. it one only coin gateway. If you want discount block try an exchange with open trading.

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October 30, 2014, 01:42:16 PM
 #2154

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow

Yes, we definitely won't leave the funds at Bittrex.

We'll announce the details of whatever escrow plan we go for asap.

The community will of course have opportunity to comment on our plan here, and maybe even improve on it.



why not let bittrex hodl the funds? These guys are the most trusted people in entire crypto scene

Personally I'd be happy with a multisig escrow deal with them. But as far as I know they don't do that. (I haven't been the person liaising with them directly though.)


Man, if there's going to be Bittrex involved in  the funds escrow I would most likely invest
As for now I'm undecided.. If the devs will receive all the funds and "escrow" em by themselves there's not going to be an incentive to further develop this awesome project
bitcoinbelieve
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October 30, 2014, 01:44:13 PM
 #2155

Does bittrex user get 10% discount?

no. it one only coin gateway. If you want discount block try an exchange with open trading.

that sucks
KimmyF
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October 30, 2014, 01:58:29 PM
 #2156

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow
SYScoin trusted MP to escrow 750BTC
kennyclaw
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October 30, 2014, 01:59:46 PM
 #2157

Do you all now that you have to wait for months on some revenue from blocknet?
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October 30, 2014, 02:00:49 PM
 #2158

Do you all now that you have to wait for months on some revenue from blocknet?

Jup Smiley happy with that
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October 30, 2014, 02:07:23 PM
 #2159

So the project needs 850 BTC to get all the features developed

It would be wise to leave all the remaining BTC to be held in escrow by the exchanges. These extra funds should be released only if the project would need more funding then the initial 850 BTC. If these funds are not needed exchanges might use em to support the price by putting up buywalls later. This will not allow the price to drop below ICO (who in the right mind would sell coins cheaper if there's a guarantee he/she will be able to sell em for ICO price)

Not to mention extra funds held in escrow would be an additional guarantee that dev is around and not abandoning the project

The entire amount, not just extra funds, will be escrowed and transparently spent.

Check out the document on the OP. Click on the contents page, download it, and go to the "Accountability measures" section.



I've red about it, but it isn't clear what person will be holding the funds? The entire dev team?
I would trust bittrex to hold the funds in escrow
SYScoin trusted MP to escrow 750BTC


It is a different story. It is not the software that is trusted but people who run it. Bittrex guys are known and trusted. They are not going to disappear with the funds
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October 30, 2014, 02:08:37 PM
 #2160

Distribution List / Richlist

I have created a distribution list (Richlist) for Blocknet, Hope you guys like it.
Drop me a PM if you need anything.

http://www.richlist.eu/blocknet

Nice, when I get my coins from Bittrex I could be in the top 100  Smiley


Im in top 100 too. Smiley

Wow the top 10 spent an insane amount of BTC!
especially #3 and #4

There are some distribution (source) addresses in there too. It's still pretty impressive how much faith some of those top holders have.
All comes down to percentages of a portfolio off course. Either way, interesting times. I wonder how we look at these figures in a year or 2 years from now. How much BLOCK you need for a steady monthly income based on fee's of the Blocknet Cheesy
Can you explain synechist about how much block needed for steady monthly income??
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