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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103262 times)
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g0re79
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November 05, 2014, 01:58:48 PM
 #3321

What stops those who have bought for cheap at poloniex, to send their block to bittrex now and sell at 0.00025 ?
Bittrex won´t allow deposits for the time the buy wall is set.

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
4theLOVEofCrypto
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November 05, 2014, 01:58:59 PM
 #3322

What stops those who have bought for cheap at poloniex, to send their block to bittrex now and sell at 0.00025 ?

Bittrex deposits and withdrawals are disabled, so you can't.  Bittrex money stays in Bittrex.
dan7777777
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November 05, 2014, 02:01:54 PM
 #3323


SEND THIS TO OTHER CRYPTO NEWS SITES NOW!




CryptoArticles: A Chronology of the smear campaign against the Blocknet


http://www.cryptoarticles.com/crypto-news/chronology-of-the-smear-campaign-against-the-blocknet




KEEP REPOSTING THIS IN THE THREAD.
ib88
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November 05, 2014, 02:06:20 PM
 #3324

Quote
Well... remember Betamax? Anyway I am quite sure that Blocknet is driven by bunch of pumpsters, maybe as last attempt to squeeze final drops from dying crap coins.

I did invested and now I am looking forward for refund, because I expected ANY proof that Blocknet is legit, but all I get was slimy FUD campaign.


Spare me the bullshit.

You should at least be honest - the fact that You removed this prediction does not mean it was not there before. Anyway, I can´t see any benefit in blocknet, as there already are few other players, including sidechains, which probably win.
Does not mean that I should not spend few coins to buy few blocks, for "what if" case. And I was right, so now I am looking forward to dump my 3k blocks. Anyway Your time is probably worthless, if You can spend it to dig in my history.. I am sorry for You.

Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
G-Bert
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November 05, 2014, 02:07:13 PM
 #3325

Haha! I said the Fud storm would be back hard today!

So desperate!

XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key  fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
Levole11
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November 05, 2014, 02:14:18 PM
 #3326

Haha! I said the Fud storm would be back hard today!

So desperate!

yep, there's no other word for it..
synechist (OP)
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November 05, 2014, 02:17:35 PM
 #3327

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.


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cryptico
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November 05, 2014, 02:20:10 PM
 #3328

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



I just noticed. Why did you do that before the finish of the ITO?

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synechist (OP)
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November 05, 2014, 02:27:29 PM
 #3329

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



I just noticed. Why did you do that before the finish of the ITO?

Because:
- open trading is enabled on Poloniex
- BLOCK is still available on the other exchanges, so removing the sell wall on Polo does not make BLOCK unavailable, it just limits the amount of coins that are freely tradable.

Additional points to ponder:
- removing the sell wall will allow the market to stabilise before the end of the ITO.
- selling below the ITO price on Poloniex makes no sense, because if the ITO doesn't make its minimum amount then refunds will be given at the price BLOCK was bought at.

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4theLOVEofCrypto
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November 05, 2014, 02:33:09 PM
 #3330

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
WhiteNotWright
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November 05, 2014, 02:38:29 PM
 #3331

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



Wait, Double-Rainbow?

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
g0re79
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November 05, 2014, 02:42:26 PM
 #3332

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
About 200 BTC, but I expect many ppl will sell into buy wall after this FUD madness (including me)

Quote
Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
That was 9 days ago, lightyears away in crypto. I changed my mind, but in bad way. And furthermre, I invest just change what does not mean anything to me.

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
infinitechaos
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November 05, 2014, 02:45:25 PM
 #3333

For anyone still wondering about Dan's ability to code, I have had a private discussion with Xander Shepard recently. He does the Linux builds for XC and is listed on the XC team roster on the official website.

He has seen the private github repository and has verified with me that Dan makes very regular commits and that he is indeed a skilled coder with the experience he says he has.

I just wanted to help clarify this matter.


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synechist (OP)
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November 05, 2014, 02:48:47 PM
 #3334

CryptoPolice, you are banned.

Do not post here again.


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synechist (OP)
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November 05, 2014, 02:49:52 PM
 #3335

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
About 200 BTC, but I expect many ppl will sell into buy wall after this FUD madness (including me)

Quote
Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
That was 9 days ago, lightyears away in crypto. I changed my mind, but in bad way. And furthermre, I invest just change what does not mean anything to me.

300 BTC worth of BLOCK has been sold on Bittrex.

The sell wall was at 850 BTC when the ITO started, and it is at 550 BTC now.

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November 05, 2014, 02:52:34 PM
 #3336

Bittrex started with 850 BTC.  How much did Polo and BTER start with?
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November 05, 2014, 02:56:46 PM
 #3337

For anyone still wondering about Dan's ability to code, I have had a private discussion with Xander Shepard recently. He does the Linux builds for XC and is listed on the XC team roster on the official website.

He has seen the private github repository and has verified with me that Dan makes very regular commits and that he is indeed a skilled coder with the experience he says he has.

I just wanted to help clarify this matter.


synechist (OP)
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November 05, 2014, 03:14:03 PM
 #3338

Bittrex started with 850 BTC.  How much did Polo and BTER start with?

Bter started with 550 BTC.

A total of 650 BTC was sent to Polo and split between the BTC and NHZ pairings.

I'm unaware of precisely how many BTC worth of BLOCK was bought with NHZ, but if I'm not mistaken it was in the region of 34 BTC.

Not all the available BLOCK was placed on the BTC:BLOCK sell wall on Polo. I'm not mistaken 175 BTC was held in reserve. This puts the initial sell wall at 425 BTC.





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jdebunt
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November 05, 2014, 03:17:45 PM
 #3339

Small update article :

http://www.cryptoarticles.com/crypto-news/blocknet-ito-sell-wall-on-poloniex-removed


Keep in mind the questions at the end are questions other people will ask about too, so if we could get an official statement on that, would be much appreciated Smiley
4theLOVEofCrypto
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November 05, 2014, 03:20:56 PM
 #3340

Bittrex started with 850 BTC.  How much did Polo and BTER start with?

Bter started with 550 BTC.

A total of 650 BTC was sent to Polo and split between the BTC and NHZ pairings.

I'm unaware of precisely how many BTC worth of BLOCK was bought with NHZ, but if I'm not mistaken it was in the region of 34 BTC.

Not all the available BLOCK was placed on the BTC:BLOCK sell wall on Polo. I think 175 BTC was held in reserve. This puts the initial sell wall at 425 BTC.



The NHZ--->Block pairing brought in 32 million NHZ.

Sorry I missed your 300 BTC response as to what was sold on Bittrex.  I went through and painstakingly added all the orders together and came up with 299.74 BTC worth of Block sold on Bittrex as of 0940 on 11/5.  

So 1111 BTC worth of exchanged coins/BTC have been collected.  300 BTC sold on Bittrex which will be subject to a 48 hour buy wall after today. That means if nothing further sells on BTER, we would only need 39 of the total 300 BTC to not be returned and we'd have a successful ITO.  Only 13% of us need to hold, which I think is achievable.  

IF YOU WANT THIS PROJECT TO SUCCEED, WE NEED TO HOLD OUR COINS.  


EDIT: Well this changes things.  I missed the part where you said that 175 BTC of BLOCK was held in reserve on Polo.  That means there are still 1564 BTC of BlockNet still available.  So a total of 936 BTC worth has been sold.  300 of which was on Bittrex.  That means 71% of everything that was sold on Bittrex (so anything over 86 BTC of refunds and we're screwed) needs to be kept and not traded in or the project launch will fail.  

Is this correct?
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