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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103265 times)
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BitcoiNaked
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October 31, 2014, 04:56:57 PM
 #2361

If the devs just do what they have to do regarding Blocknet updates and coding, everything is fine regardless what people whine about.
synechist (OP)
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October 31, 2014, 05:00:03 PM
 #2362



Yes, you're right, and all spending will be recorded on the blockchain. No question of that.

On the other hand it could make sense in terms of the privacy of devs for, say, coins to be taken from the funds in larger batches allocated to, say, a given release. From there, payments to individuals could be kept private, while the amount used for a given release will still be publicly disclosed.

How does that sound?


Hmm, If that's done, it should be accompanied by a public list of expenditures that +- shows what percentages of the budget were spend on what. 'Dev pay' could be one category, but if there is a 'champaign and caviar for the devs' section, we wanna see that as a separate category! Smiley
I have no problems with you guys earning a comfortable living, but with $1000000 laying around it's just too easy to say 'fuck it, lets earn more money per month and do less work' if there is no public oversight.
And i'm playing devils advocate here because a nontransparent financial policy will completely wreck and destroy the reputation of blocknet, the coins involved and every single dev working on them. It's in your own interest to be completely honest and transparent about everything that happens. And being honest is more than just saying everything we don't know without lying, honnesty is about telling the truth in such a way that it is undeniably and independently provable that you are telling the truth. The blockchain decentralised trust for a reason, make good use of it. Decetralised due diligence is the most important thing the blocknet needs to be successful, without it it will falter and die, and a fairer, more trustworthy alternative will take it's place in no time.

/devils advocate

Make it happen guys Wink Make it happen right now! Put it on your website, post it in this thread, make a video about it, scream it from the top of every roof.  

+1

I agree completely. Thank you for this perspective.

We have every reason to be transparent and candid at every step, and this is the plan.

Stay tuned for news about our escrow arrangement, and about proof of concept code.

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smackii
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October 31, 2014, 05:18:06 PM
 #2363

10m coins at 25k sats = 2,500 btc.

Too expensive, it can't even be pump'd to 20%. No room to grow or even make money, sad.
Adderral
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October 31, 2014, 05:23:26 PM
 #2364

What will happen to all the ito money? Will any of it be given to the coins in the blocknet? Do they share in the success of the blocknet ITO? Seems they should if not. What good is a blocknet without its coins?

EmilioMann
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October 31, 2014, 05:29:56 PM
 #2365

10m coins at 25k sats = 2,500 btc.

Too expensive, it can't even be pump'd to 20%. No room to grow or even make money, sad.

Blocknet tokens = nodes

"Every time a service is rendered, the nodes rendering the service receive payment directly from the nodes that request it, and Blocknet charges a fee for supporting the service. Owners of blocknet tokens earn fees in proportion to the number of tokens they own"

Do you will need a drawing to understand?
BitcoiNaked
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October 31, 2014, 05:31:16 PM
 #2366

10m coins at 25k sats = 2,500 btc.

Too expensive, it can't even be pump'd to 20%. No room to grow or even make money, sad.


Plenty of room, 2,500 BTC would make roughly a market of $825k, that nothing if we consider blocknet would reach top 10 and if it delivers it can reach top 10 and that would mean x10 at least.
synechist (OP)
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October 31, 2014, 05:35:06 PM
 #2367

What will happen to all the ito money? Will any of it be given to the coins in the blocknet? Do they share in the success of the blocknet ITO? Seems they should if not. What good is a blocknet without its coins?

Yes, participating coins do share in the success of the ITO.

Await further announcements pertaining to this. We will have details on our budget and spending in due course.


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qawzsx
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October 31, 2014, 05:46:51 PM
 #2368

I;m happy that you closed XC official thread. Now we can keep this professionally on the official forum.

I hope the whole team will ignore every FUD thread on this retarded forum, and focus on the main thing, XC and Blocknet.
Ignoring them will make them more and more frustrated, and they will reveal the real thing, that they are some shills paid to spread FUD.


Keep the good work
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October 31, 2014, 05:48:29 PM
 #2369

10m coins at 25k sats = 2,500 btc.

Too expensive, it can't even be pump'd to 20%. No room to grow or even make money, sad.


Plenty of room, 2,500 BTC would make roughly a market of $825k, that nothing if we consider blocknet would reach top 10 and if it delivers it can reach top 10 and that would mean x10 at least.


I agree, and what is needed as others have mentioned is total transparency with the funding. It can be lump dev payouts over time, or whatever, but people need real TRUST to combat the FUD. We need this before the ITO is finished, as apparently BLOCKNET is challenging big players and not everyone is going to play fair. As this appears to be what will be happening I am happy with that, as that should make BLOCKNET very strong in the end despite the FUD right now.

I am helping out a little with Horizon, not a part of BLOCKNET at all. As I am part of Horizon I really think this is important for our own platform, BLOCKNET, and all the other participating coins. We have to be far more transparent than the other options and provide better technology along with the marketing. Trust and transparency is essential, and not optional in my humble opinion. Thanks!

...
synechist (OP)
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October 31, 2014, 05:49:43 PM
 #2370

I;m happy that you closed XC official thread. Now we can keep this professionally on the official forum.

I hope the whole team will ignore every FUD thread on this retarded forum, and focus on the main thing, XC and Blocknet.

Keep the good work


Thanks, and yes, we'll now have a lot more time to focus on development, marketing, and bringing XC into the real world.

A statement has been issued on the closure of the XC thread: https://bitcointalk.org/index.php?topic=630547.msg9395895#msg9395895


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Adderral
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October 31, 2014, 06:01:28 PM
 #2371

What will happen to all the ito money? Will any of it be given to the coins in the blocknet? Do they share in the success of the blocknet ITO? Seems they should if not. What good is a blocknet without its coins?

Yes, participating coins do share in the success of the ITO.

Await further announcements pertaining to this. We will have details on our budget and spending in due course.



Thank you for your replay. I look forward to these announcements.

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October 31, 2014, 06:02:04 PM
 #2372



Yes, you're right, and all spending will be recorded on the blockchain. No question of that.

On the other hand it could make sense in terms of the privacy of devs for, say, coins to be taken from the funds in larger batches allocated to, say, a given release. From there, payments to individuals could be kept private, while the amount used for a given release will still be publicly disclosed.

How does that sound?


Hmm, If that's done, it should be accompanied by a public list of expenditures that +- shows what percentages of the budget were spend on what. 'Dev pay' could be one category, but if there is a 'champaign and caviar for the devs' section, we wanna see that as a separate category! Smiley
I have no problems with you guys earning a comfortable living, but with $1000000 laying around it's just too easy to say 'fuck it, lets earn more money per month and do less work' if there is no public oversight.
And i'm playing devils advocate here because a nontransparent financial policy will completely wreck and destroy the reputation of blocknet, the coins involved and every single dev working on them. It's in your own interest to be completely honest and transparent about everything that happens. And being honest is more than just saying everything we don't know without lying, honnesty is about telling the truth in such a way that it is undeniably and independently provable that you are telling the truth. The blockchain decentralised trust for a reason, make good use of it. Decetralised due diligence is the most important thing the blocknet needs to be successful, without it it will falter and die, and a fairer, more trustworthy alternative will take it's place in no time.

/devils advocate

Make it happen guys Wink Make it happen right now! Put it on your website, post it in this thread, make a video about it, scream it from the top of every roof.  

+1

I agree completely. Thank you for this perspective.

We have every reason to be transparent and candid at every step, and this is the plan.

Stay tuned for news about our escrow arrangement, and about proof of concept code.


can we also centralize all this info in an official single place? I'm talking about a website (www.blocknet.io? ).
I'm not looking forward to browse trough pages and pages of forumposts to find relevant information. No one is.
It's quite shocking that you guys even started the ITO without a proper website. Why was that decision made like that?
I'd say these kinds of things need to be in order before the ITO ends.

EDIT: And yes, i'm deliberately acting like an entitled prick so that people with less positive intent won't be able to in the future. Wink
synechist (OP)
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October 31, 2014, 06:08:16 PM
 #2373



Yes, you're right, and all spending will be recorded on the blockchain. No question of that.

On the other hand it could make sense in terms of the privacy of devs for, say, coins to be taken from the funds in larger batches allocated to, say, a given release. From there, payments to individuals could be kept private, while the amount used for a given release will still be publicly disclosed.

How does that sound?


Hmm, If that's done, it should be accompanied by a public list of expenditures that +- shows what percentages of the budget were spend on what. 'Dev pay' could be one category, but if there is a 'champaign and caviar for the devs' section, we wanna see that as a separate category! Smiley
I have no problems with you guys earning a comfortable living, but with $1000000 laying around it's just too easy to say 'fuck it, lets earn more money per month and do less work' if there is no public oversight.
And i'm playing devils advocate here because a nontransparent financial policy will completely wreck and destroy the reputation of blocknet, the coins involved and every single dev working on them. It's in your own interest to be completely honest and transparent about everything that happens. And being honest is more than just saying everything we don't know without lying, honnesty is about telling the truth in such a way that it is undeniably and independently provable that you are telling the truth. The blockchain decentralised trust for a reason, make good use of it. Decetralised due diligence is the most important thing the blocknet needs to be successful, without it it will falter and die, and a fairer, more trustworthy alternative will take it's place in no time.

/devils advocate

Make it happen guys Wink Make it happen right now! Put it on your website, post it in this thread, make a video about it, scream it from the top of every roof.  

+1

I agree completely. Thank you for this perspective.

We have every reason to be transparent and candid at every step, and this is the plan.

Stay tuned for news about our escrow arrangement, and about proof of concept code.


can we also centralize all this info in an official single place? I'm talking about a website (www.blocknet.io? ).
I'm not looking forward to browse trough pages and pages of forumposts to find relevant information. No one is.
It's quite shocking that you guys even started the ITO without a proper website. Why was that decision made like that?
I'd say these kinds of things need to be in order before the ITO ends.

EDIT: And yes, i'm deliberately acting like an entitled prick so that people with less positive intent won't be able to in the future. Wink

Yes this is a necessity.

We want everyone to have access to information of importance.

Threads are no good for this purpose.


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ShillAccount
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October 31, 2014, 06:20:02 PM
 #2374

So when is Dan going to comment on all of the claims made against him?
synechist (OP)
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October 31, 2014, 06:25:51 PM
 #2375

So when is Dan going to comment on all of the claims made against him?


https://bitcointalk.org/index.php?topic=630547.msg9395895#msg9395895

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qawzsx
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October 31, 2014, 06:26:01 PM
 #2376

So when is Dan going to comment on all of the claims made against him?




Use your brains.
Will a supposed scammer go public like this?
https://bitcointalk.org/index.php?topic=630547.msg9394978#msg9394978

synechist (OP)
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October 31, 2014, 06:27:27 PM
 #2377

So when is Dan going to comment on all of the claims made against him?




Use your brains.
Will a supposed scammer go public like this?
https://bitcointalk.org/index.php?topic=630547.msg9394978#msg9394978



I consider this matter resolved, for the reasons given in this link: https://bitcointalk.org/index.php?topic=630547.msg9395895#msg9395895.

I don't think any further discussion on it is required here.

So let's move on.


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October 31, 2014, 06:32:53 PM
 #2378

Are there any news how much BTCs are  allready is inversted in Block?
synechist (OP)
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October 31, 2014, 06:41:33 PM
 #2379

Apologies for deleting your post rkndlkji, but I consider this matter resolved and thus it has no further place in this thread.

Feel free to read this post if you're interested in my reason why: https://bitcointalk.org/index.php?topic=630547.msg9395895#msg9395895

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synechist (OP)
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October 31, 2014, 06:43:21 PM
 #2380

Are there any news how much BTCs are  allready is inversted in Block?

I intended to release this information this morning, but today has been a maelstrom of FUD-related nonsense and unfortunately it has delayed the release.

We'll be releasing figures as soon as we can.

(Sales are decent though. Not super high, not low.)


Edit: Just wait until we release proof of concept code and details on the escrow of funds. :-)

Co-Founder, the Blocknet
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