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

[WhiteNotWright]

It's funny how all the trolls show up at the same time and with the same general premise, too attempt to discredit this project. Obviously it has legs, that much is clear.

Yes, the timing is interesting.

As is the fact that some of the people involved in the smear campaign were using multiple accounts to make it appear to have more collective opinion behind it (eg. DanIsDone, Unicornfarts and rdnkjdi: same person).

Thanks, fudsters. A co-ordinated attack is a good sign that the FUD is organised, somewhat centralised, and not a grassroots phenomenon.

I think they were hoping we wouldn't notice lol.

[1714967065]

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[1714967065]

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[Revelation]

It is not legal (moreover it is not ethical) to use the ask price on the most illiquid market to defend the claim that the market price is 38k.

Here's the point: I did not claim that the market price is 38k.

That post was in response to another claim that the price was 18k or something.
My statement was purely drawing attention to the spread, in order to assert that due to illiquidity, it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped.

So I did not claim the price was 38k, I claimed that another person's claim that the market was dumping was incorrect, due to him not having taken illiquidity into account.


But do you see what you're doing? You're taking my statements out of context and then misinterpreting them in order to support your claim that I'm unethical.

I haven't taken the statement out of context. Polo and Bittrex price is indeed around 20k (market price, mid-price, volume-weighted average - pick your favorite measure). Bter is illiquid market and it doesn't represent true market picture. Bter mid-price and ask price is significantly higher compared to two active markets, however it is unethical to use Bter as it shows a false picture. Moreover, it is illegal (if you would have to defend your claim in the courts that "it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped"). Market has dropped by any measure.

Your claim is that "the market price didn't drop", I've used 38k for the purpose of my courts example.

[WhiteNotWright]

Oh hi Spoetnik.

You're banned.

Bye.

nice lol

[synechist]

It is not legal (moreover it is not ethical) to use the ask price on the most illiquid market to defend the claim that the market price is 38k.

Here's the point: I did not claim that the market price is 38k.

That post was in response to another claim that the price was 18k or something.
My statement was purely drawing attention to the spread, in order to assert that due to illiquidity, it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped.

So I did not claim the price was 38k, I claimed that another person's claim that the market was dumping was incorrect, due to him not having taken illiquidity into account.


But do you see what you're doing? You're taking my statements out of context and then misinterpreting them in order to support your claim that I'm unethical.

I haven't taken the statement out of context. Polo and Bittrex price is indeed around 20k (market price, mid-price, volume-weighted average - pick your favorite measure). Bter is illiquid market and it doesn't represent true market picture. Bter mid-price and ask price is significantly higher compared to two active markets, however it is unethical to use Bter as it shows a false picture. Moreover, it is illegal (if you would have to defend your claim in the courts that "it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped"). Market has dropped by any measure.

A false picture of what? The inter-exchange spread? Because that's what I was pointing out.

It's an empirical fact that the spread between exchanges extended to 38k at that point in time.

Therefore I was not being unethical.

What's it gonna take before you get it through your head that I wasn't quoting the market price? Your negative disposition toward me is clearly clouding your judgement.

[Cryptoleonardo]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

And what about the drop to 0.00018487 on Bittrex?

Not that this is advice, but, uh, buy on Bittrex and sell on Bter?

Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread.

No, I'm asking, why are people selling below cost? Is it a lack of confidence in Blocknet?

Better question is that why people don't sell when bittrex do a buy wall for it

[Revelation]

It is not legal (moreover it is not ethical) to use the ask price on the most illiquid market to defend the claim that the market price is 38k.

Here's the point: I did not claim that the market price is 38k.

That post was in response to another claim that the price was 18k or something.
My statement was purely drawing attention to the spread, in order to assert that due to illiquidity, it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped.

So I did not claim the price was 38k, I claimed that another person's claim that the market was dumping was incorrect, due to him not having taken illiquidity into account.


But do you see what you're doing? You're taking my statements out of context and then misinterpreting them in order to support your claim that I'm unethical.

I haven't taken the statement out of context. Polo and Bittrex price is indeed around 20k (market price, mid-price, volume-weighted average - pick your favorite measure). Bter is illiquid market and it doesn't represent true market picture. Bter mid-price and ask price is significantly higher compared to two active markets, however it is unethical to use Bter as it shows a false picture. Moreover, it is illegal (if you would have to defend your claim in the courts that "it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped"). Market has dropped by any measure.

A false picture of what? The inter-exchange spread? Because that's what I was pointing out.

It's an empirical fact that the spread between exchanges extended to 38k at that point in time.

Therefore I was not being unethical.

What's it gonna take before you get it through your head that I wasn't quoting the market price? Your negative disposition toward me is clearly clouding your judgement.

I am not disposed negatively toward you, however it bothers me how you are using ethics in defending your position or accusing others and yet at the same time you refuse to acknowledge that you are not making ethical claims.
You were claiming that one cannot say "the market price has dropped" because on Bter the ask price is high. These type of claims are bothersome.

[synechist]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

And what about the drop to 0.00018487 on Bittrex?

Not that this is advice, but, uh, buy on Bittrex and sell on Bter?

Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread.

No, I'm asking, why are people selling below cost? Is it a lack of confidence in Blocknet?

Better question is that why people don't sell when bittrex do a buy wall for it

Because they'd all just bought BLOCK in order to for the Blocknet to launch.

Enough people think that the Blocknet has great potential for the future - enough potential for them to take on market exposure during the coming months.

It's a simple calculation for long term investors:

- buy BLOCK until the ITO reaches its minimum threshold, or else the Blocknet won't exist

- if we don't buy, we have no opportunity for gains

- if we do buy, we may make a short-term loss, but without making a short-term loss there'll be no long-term gains.

- therefore buy during the ITO.

[synechist]

I am not disposed negatively toward you, however it bothers me how you are using ethics in defending your position or accusing others and yet at the same time you refuse to acknowledge that you are not making ethical claims.
You were claiming that one cannot say "the market price has dropped" because on Bter the ask price is high. These type of claims are bothersome.

You just changed your argument from:

"Synechist is unethically using Bter to quote the market price"

to:

"Synechist is bothersomely quoting Bter to argue against claims that the market price has dropped a lot."


You just shifted the goalposts. You saw that your line of argument has insufficient basis and then tried to switch to another line of attack.

That's game over in my favour. End of discussion.

Now if you'd kindly go to that FUD thread and supply some reasons why you think I'm unethical, perhaps there'll be grounds to pursue discussion with you. But for the time being, there aren't.

[Dungor]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

[G-Bert]

End of discussion.

Good.

Surely you got more important things to be doing than this pointless argument Syn?

Didn't you say yesterday something along the lines of "The more time spent on here, the less spent on developments & updates"?

[synechist]

End of discussion.

Good.

Surely you got more important things to be doing than this pointless argument Syn?

Didn't you say yesterday something along the lines of "The more time spent on here, the less spent on developments & updates"?

Yes I do, but I invited Revelation into respectful dialogue two days ago. I'm doing my best to honour it.

(Also I've been awaiting some information before I can carry on with what I'm actually working on, so there was a gap here. Not to say it wasn't a tedious way to spend my time!)

[Revelation]

I am not disposed negatively toward you, however it bothers me how you are using ethics in defending your position or accusing others and yet at the same time you refuse to acknowledge that you are not making ethical claims.
You were claiming that one cannot say "the market price has dropped" because on Bter the ask price is high. These type of claims are bothersome.

You just changed your argument from:

"Synechist is unethically using Bter to quote the market price"

to:

"Synechist is bothersomely quoting Bter to argue against claims that the market price has dropped a lot."


You just shifted the goalposts. You saw that your line of argument has insufficient basis and then tried to switch to another line of attack.

That's game over in my favour. End of discussion.

Now if you'd kindly go to that FUD thread and supply some reasons why you think I'm unethical, perhaps there'll be grounds to pursue discussion with you. But for the time being, there aren't.

Common, are you really serious? I am saying that you cannot use Bter at all to make any price claims, regardless of what the claims are. I used market price as an example, whereas your claim was about price drop. To me there isn't much difference, both claims are about market price and it is not ethical to use Bter at all in these discussions.
Moreover, what I am saying is not about the success of the project, therefore it cannot constitute FUD. Stop making false accusations and please stop using the word ethics.

[synechist]

hashtag101, you're just shouting at people.

When you start joining in a conversation - and doing so in a manner that respects the perspective of others - then you'll be welcome here.

For now, you are banned


Edit: same goes for you BlackWidow. Go create another newbie account.
Edit: Revelation, I said that the discussion is over. You shifted the goalposts and that's the end of it. I'm not willing to continue the discussion. If you would like to resume our other discussion (in that FUD thread) by supplying a single reason why you think I'm unethical, then do so. But we're done here.

[cryptico]

Is there anyone in Here from the other coins communities? I'm seeing just XC and Fibre people...mainly XC.

I would like to know a bit more why they support their coin that is in the block-net and what is their selling point and what they bring to market.

thx

[dan7777777]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

How could this happen.  Could websites be built inside the blocknet somehow? Web 3.0?

[synechist]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

How could this happen.  Could websites be built inside the blocknet somehow? Web 3.0?

XC should commence developing its web 3.0 distributed content server very soon. It'll serve anything from webpages, ads, and personal files from XC nodes.

And of course any Blocknet-enabled node will be able to use this service.

[G-Bert]

Is there anyone in Here from the other coins communities? I'm seeing just XC and Fibre people...mainly XC.

I would like to know a bit more why they support their coin that is in the block-net and what is their selling point and what they bring to market.

thx

Very good point!

I see very little from any other community in here.

I'd also like to know what the other coins are doing to contribute to blocknet & its development.

[dan7777777]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

How could this happen.  Could websites be built inside the blocknet somehow? Web 3.0?

XC should commence developing its web 3.0 distributed content server very soon. It'll serve anything from webpages, ads, and personal files from XC nodes.

And of course any Blocknet-enabled node will be able to use this service.

Great. Is there a thread here where I can read up on xc and web 3.0 a bit more?

[cryptico]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

How could this happen.  Could websites be built inside the blocknet somehow? Web 3.0?

XC should commence developing its web 3.0 distributed content server very soon. It'll serve anything from webpages, ads, and personal files from XC nodes.

And of course any Blocknet-enabled node will be able to use this service.

Great. Is there a thread here where I can read up on xc and web 3.0 a bit more?

http://xc-official.com/xc-pioneers-web-3.0-with-blockchain-based-content-delivery.html

[synechist]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

http://www.theguardian.com/technology/2014/feb/28/seven-people-keys-worldwide-internet-security-web

The internet as we know is placed in the US, it is way more centralized than most people know. This is why we need blockchain tech on a platform other than the big fiber lines infrastructure.

How could this happen.  Could websites be built inside the blocknet somehow? Web 3.0?

XC should commence developing its web 3.0 distributed content server very soon. It'll serve anything from webpages, ads, and personal files from XC nodes.

And of course any Blocknet-enabled node will be able to use this service.

Great. Is there a thread here where I can read up on xc and web 3.0 a bit more?

Yes, XC's thread is here: https://bitcointalk.org/index.php?topic=630547.0

And the press release on the distributed content server is here: http://downloads.xc-official.com/images/14-08-22%20XC%20pioneers%20Web%203.0%20with%20blockchain-based%20content%20delivery.pdf