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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103262 times)
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Levole11
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November 05, 2014, 03:23:46 PM
 #3341

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.  

Iam not selling any, i will buy a few thousand more tonight
racer2012
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November 05, 2014, 03:29:24 PM
 #3342

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.


Thanks synechist
I just want to confirm if I don't want refund of my ito from bittrex I dont have to do anything right?
Just wait for 48hrs to finish
4theLOVEofCrypto
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November 05, 2014, 03:31:16 PM
 #3343

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.


Thanks synechist
I just want to confirm if I don't want refund of my ito from bittrex I dont have to do anything right?
Just wait for 48hrs to finish

Yes sir.  And many of us need to stay strong, unless some big late purchases come in.....
synechist (OP)
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November 05, 2014, 03:43:30 PM
 #3344

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.


Thanks synechist
I just want to confirm if I don't want refund of my ito from bittrex I dont have to do anything right?
Just wait for 48hrs to finish

Yes sir.  And many of us need to stay strong, unless some big late purchases come in.....

Yup. Just keep your BLOCK and await the results of the ITO.

Once the results are in, we'll either refund everyone their money, or funds will be sent to a multisig escrow address and open trading will commence on all exchanges.

Details on refund methods and our multisig escrow service can be expected later today!


Lastly, if you want the Blocknet to exist, buy BLOCK.

Co-Founder, the Blocknet
TheGer
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November 05, 2014, 03:44:19 PM
 #3345

Bump for response on Multipool as I've XC team in here posting since then.  Still not approved on XC forum to post there.


Once again posting here because main thread os locked AND XC Forum is manually filtering signups so I can't post there even though I've registered(see my aside below the reason for this post).

No payouts on Multipool for a week?

Concerning the forum I think a primary reason why traffic is so low there, especially now that the main thread is locked.  Most people that will go there are people looking to post a question or comment immediately.  They expect to register, but making them wait for manual approval will have a lot of people just saying "fuck it" and not bothering.  If you are going to lock the main thread then take the manual approvals off the forum so people can get in there and talk.  You already have control enough to manage what's posted no need to set roadblocks for people wanting to get involved there.




cryptodevil
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November 05, 2014, 03:46:06 PM
 #3346

Lastly, if you want the Blocknet to exist, buy BLOCK.


Oh dear. That is usually the death-knell of any project, when the team behind it start calling for people to "buy more and buy now!!!!!11!1"


WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
synechist (OP)
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November 05, 2014, 03:46:18 PM
 #3347

Bump for response on Multipool as I've XC team in here posting since then.  Still not approved on XC forum to post there.


Once again posting here because main thread os locked AND XC Forum is manually filtering signups so I can't post there even though I've registered(see my aside below the reason for this post).

No payouts on Multipool for a week?

Concerning the forum I think a primary reason why traffic is so low there, especially now that the main thread is locked.  Most people that will go there are people looking to post a question or comment immediately.  They expect to register, but making them wait for manual approval will have a lot of people just saying "fuck it" and not bothering.  If you are going to lock the main thread then take the manual approvals off the forum so people can get in there and talk.  You already have control enough to manage what's posted no need to set roadblocks for people wanting to get involved there.



I've asked Dan about this.

I've also messaged Teka to ask him to approve you.

I'll get back to you on both of these. :-)

Co-Founder, the Blocknet
LD2164
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November 05, 2014, 03:50:48 PM
 #3348

Bump for response on Multipool as I've XC team in here posting since then.  Still not approved on XC forum to post there.


Once again posting here because main thread os locked AND XC Forum is manually filtering signups so I can't post there even though I've registered(see my aside below the reason for this post).

No payouts on Multipool for a week?

Concerning the forum I think a primary reason why traffic is so low there, especially now that the main thread is locked.  Most people that will go there are people looking to post a question or comment immediately.  They expect to register, but making them wait for manual approval will have a lot of people just saying "fuck it" and not bothering.  If you are going to lock the main thread then take the manual approvals off the forum so people can get in there and talk.  You already have control enough to manage what's posted no need to set roadblocks for people wanting to get involved there.



I've asked Dan about this.

I've also messaged Teka to ask him to approve you.

I'll get back to you on both of these. :-)

http://xctalk.com/index.php?/topic/235-multipool-update/#entry1526

RoHoss
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November 05, 2014, 03:51:54 PM
 #3349

Puuuuhhhh - So much Postings.

Any new facts?

synechist (OP)
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November 05, 2014, 03:53:01 PM
 #3350

Lastly, if you want the Blocknet to exist, buy BLOCK.


Oh dear. That is usually the death-knell of any project, when the team behind it start calling for people to "buy more and buy now!!!!!11!1"



We're above the minimum amount for the Blocknet to launch.

You should note that I did not request that anyone buy BLOCK (and neither did I use exclamation marks).

I pointed out that buying BLOCK for profit is not the only motivation to consider here. If the decision to buy or sell entails the existence or nonexistence of a project, this will be a major motivation for some people. It's worth discussing.

With that cleared up, let the discussion ensue...


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synechist (OP)
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November 05, 2014, 03:55:22 PM
 #3351

Puuuuhhhh - So much Postings.

Any new facts?



Yup:

- the Poloniex sell wall has been taken down. Sell walls are still available on Bittrex and Bter.

- we'll be releasing details on the ITO refund procedure later today.

- we'll be releasing details on the multisig escrow service for the Blocknet funds later today.


Co-Founder, the Blocknet
sugarboy321
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November 05, 2014, 03:56:32 PM
 #3352

Outstanding. Fincen is cracking down on the Bitcoin crowdfunding and exchanges. Need to prove to them that innovation cannot be stifled. To hell with the fudders and charge throu them XC team.
Revelation
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November 05, 2014, 03:57:31 PM
 #3353

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
It seems to me that you are confusing the notions of ICO price (ICO value) and market value. Market value is determined by the market when there is free trading, i.e. on Poloniex. Bter and Bittrex prices are not determined by the market but rather by Blocknet team.
TheGer
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November 05, 2014, 04:01:40 PM
 #3354



Bump for response on Multipool as I've XC team in here posting since then.  Still not approved on XC forum to post there.


Once again posting here because main thread os locked AND XC Forum is manually filtering signups so I can't post there even though I've registered(see my aside below the reason for this post).

No payouts on Multipool for a week?

Concerning the forum I think a primary reason why traffic is so low there, especially now that the main thread is locked.  Most people that will go there are people looking to post a question or comment immediately.  They expect to register, but making them wait for manual approval will have a lot of people just saying "fuck it" and not bothering.  If you are going to lock the main thread then take the manual approvals off the forum so people can get in there and talk.  You already have control enough to manage what's posted no need to set roadblocks for people wanting to get involved there.



I've asked Dan about this.

I've also messaged Teka to ask him to approve you.

I'll get back to you on both of these. :-)

Thanks so much I appreciate it.
racer2012
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November 05, 2014, 04:02:37 PM
 #3355

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.


Thanks synechist
I just want to confirm if I don't want refund of my ito from bittrex I dont have to do anything right?
Just wait for 48hrs to finish

Yes sir.  And many of us need to stay strong, unless some big late purchases come in.....

Yup. Just keep your BLOCK and await the results of the ITO.

Once the results are in, we'll either refund everyone their money, or funds will be sent to a multisig escrow address and open trading will commence on all exchanges.

Details on refund methods and our multisig escrow service can be expected later today!


Lastly, if you want the Blocknet to exist, buy BLOCK.


refund everyone means even if I don't want refund I will still get it  Huh
elmanager
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November 05, 2014, 04:03:47 PM
 #3356

Puuuuhhhh - So much Postings.

Any new facts?



Yup:

- the Poloniex sell wall has been taken down. Sell walls are still available on Bittrex and Bter.

- we'll be releasing details on the ITO refund procedure later today.

- we'll be releasing details on the multisig escrow service for the Blocknet funds later today.


In BitTrex are not,It's only buy orders.It's not allowed to sell your blocks if you want!
this message I have: "There was an error processing your request. We apologize for the inconvenience. Please try again" @BitTrex
RoHoss
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November 05, 2014, 04:04:10 PM
 #3357

Puuuuhhhh - So much Postings.

Any new facts?



Yup:

- the Poloniex sell wall has been taken down. Sell walls are still available on Bittrex and Bter.

- we'll be releasing details on the ITO refund procedure later today.

- we'll be releasing details on the multisig escrow service for the Blocknet funds later today.



Is the ITO a success or not?

I hope success. I think the world need a platform like blocknet.
dan7777777
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November 05, 2014, 04:05:12 PM
 #3358


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.


Thanks synechist
I just want to confirm if I don't want refund of my ito from bittrex I dont have to do anything right?
Just wait for 48hrs to finish

Yes sir.  And many of us need to stay strong, unless some big late purchases come in.....

Yup. Just keep your BLOCK and await the results of the ITO.

Once the results are in, we'll either refund everyone their money, or funds will be sent to a multisig escrow address and open trading will commence on all exchanges.

Details on refund methods and our multisig escrow service can be expected later today!


Lastly, if you want the Blocknet to exist, buy BLOCK.

RoHoss
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November 05, 2014, 04:07:22 PM
 #3359

Puuuuhhhh - So much Postings.

Any new facts?



Yup:

- the Poloniex sell wall has been taken down. Sell walls are still available on Bittrex and Bter.

- we'll be releasing details on the ITO refund procedure later today.

- we'll be releasing details on the multisig escrow service for the Blocknet funds later today.


In BitTrex are not,It's only buy orders.It's not allowed to sell your blocks if you want!
this message I have: "There was an error processing your request. We apologize for the inconvenience. Please try again" @BitTrex


For this all trouble is for a great part poloniex responsible. They use the time to earn so much trading fees.
4theLOVEofCrypto
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November 05, 2014, 04:09:32 PM
 #3360

Puuuuhhhh - So much Postings.

Any new facts?



Yup:

- the Poloniex sell wall has been taken down. Sell walls are still available on Bittrex and Bter.

- we'll be releasing details on the ITO refund procedure later today.

- we'll be releasing details on the multisig escrow service for the Blocknet funds later today.



Is the ITO a success or not?

I hope success. I think the world need a platform like blocknet.

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.  



According to my calculations.  It's going to be close.
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