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

[IMJim]

I also think that a buywall could be nice for investors !! Im i the only one who think that altcoins are dying ?:/

I don't for a second think altcoins are dying, they ARE the future I think.  Seems the altcoin world is just WAY too diluted right now, I am sure in the future we will see an end to most altcoins that exist today......but the few strong ones will survive!  WAY too much that crypto can bring to the world to only have one digital currency, but the crypto world is also full of crap and scam projects.

[1714960663]

1714960663

[1714960663]

1714960663

[Cryptosis]

Altcoins are not dying and BTC is not dying either. The only thing dying is the perception that some alt is going to come along and dethrone Bitcoin. Never gonna happen. I do believe alts are the invoation and ground breakers and testing ground for features that could later be adopted by bitcoin. There is room for altcoins to their along side Bitcoin offering niche services that BTC don't offer. Plus it's a lot easier to spend 1 alt than say .005 BTC. Almost like change to paper cash. I think when the alt world starts to come together instead of trying to compete for the same things the world of cryptos will start to flourish.

[BTCMILLIONAIRE]

Can we get back to BlockNET 

[drakoin]

When you were planning development budget of 850 BTC, bitcoin price was lower. On top of that, you have collected more than what you need to develop the BlockNet. Therefore, you should have excess funds that you could use for the buyback and support the price. Why don't you spend 100 BTC or so on the buyback?

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.



(Hint: might wanna avoid selling at a loss until we respond to this...)

It won't need 100 BTC, far from it. Because a (slow slow slow!) rally upwards just needs to be triggered and supported, and then other market participants will join in. Be clever, think willy bot. Or buy all in one go - to avoid in between dumping? I really don't know which way comes out cheaper in the end.

Facts:

13.97 BTC = Poloniex sell orders until 25000
7.0672 BTC = Bittrex sell orders until 25000
~0.2 BTC = Bter sell orders until 25000
----------
21.2 BTC

that is 5.8% of the ICO, last week it was only 3%.

So the buyback has become more expensive now, i.e. more people are loosing trust, plus low buy price allows for gains already below 25000. "The" price is starting to settle around half-ICO. Not what you want.

If you had acted when I suggested it, you would have saved yourself 9.6 BTC, for the same action. Consider to tip me 10% of that, for my good ideas  
[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk  
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m

 


EDIT: Thx for the small tip, well appreciated. And yes, the sooner this is settled, the earlier this most important change will happen:

Can we get back to BlockNET  

EDIT2: and the buyback would not be a loss, because the blocknet foundation would own (cheap!) BLOCKcoins in exchange for that.

... and neither is it a bad idea for the Foundation to be invested in BLOCK.

I was really surprised to read that you are not ? ? ?

[hunterwolf]

When you were planning development budget of 850 BTC, bitcoin price was lower. On top of that, you have collected more than what you need to develop the BlockNet. Therefore, you should have excess funds that you could use for the buyback and support the price. Why don't you spend 100 BTC or so on the buyback?

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.



(Hint: might wanna avoid selling at a loss until we respond to this...)

It won't need 100 BTC. Because a (slow slow slow!) rally upwards just needs to be triggered and supported, and then other market participants will join in. Be clever, think willy bot.

Facts:

13.97 BTC = Poloniex sell orders until 25000
7.0672 BTC = Bittrex sell orders until 25000
~0.2 BTC = Bter sell orders until 25000
----------
21.2 BTC

that is 5.8% of the ICO, last week it was only 3%.

So the buyback has become more expensive now, i.e. more people are loosing trust, plus low buy price allows for gains already below 25000. "The" price is starting to settle around half-ICO. Not what you want.

If you had acted when I suggested it, you would have saved yourself 9.6 BTC, for the same action. Consider to tip me 10% of that, for my good ideas  
[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk  
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m

 


EDIT: Thx for the small tip, well appreciated. And yes, the sooner this is settled, the earlier this most important change will happen:

Can we get back to BlockNET 

i think thats true. you should spend it for rise nearly ico price. its 21BTC or 25 BTC. if you dont believe your own coin, why people trust ?

[peer2peer360]

Greetings fellow crypto traders

It appears the House of Altcoins (altmarket) hasn't
Been promising lately and the pass few months.

Many factors may or may not contribute to the decaying
of the altcoin market. Some seen and some unseen.

Usually and normally im wrong.

What seems to be occuring is...

●Scams by supposedly Dev
● Pump & Dump groups galore
● Tricky & deceitfulness
● Greed @ all time high
● Elaborate & sophisticated Schemes


As of late the Tarnish image of the altmarket
is due in part to the 5 things listed above.

Why coins that are legit or are seeking
Legitimacy prices have dropped tremendously.
(Ex. Blocknet & participating coins)

Jus a few bad actors has done more damage
Than good to help promote and encourage investing
in the altworld.

Has anyone noticed the altscene is quickly
Becoming a place of untrustworthiness and elaborate scams non-stop.

Check the volume of a few exchanges (bittrex, poloniex)  compared to the early part of this year when there were thousands of btc invested.

Some will say because btc price rise
is the reason why altcoins are down.

Alts have been down, long before btc starting
gaining traction again.

P2P360

[benthach]

lol
dan have all your btc right now

[synechist]

lol
dan have all your btc right now

That's incorrect. Funds are stored in a multisig address, in escrow, so Dan does not control them.

In due course we'll be releasing details on the board of people who will jointly have control over funds (the funds will still be subject to a third party auditor as well).

[WhiteNotWright]

lol
dan have all your btc right now

You do know your post and uneducated comments are a historical record, right? Did you want to be taken serious or are you good with being a troll?

[delulo]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

[synechist]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

[delulo]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

[synechist]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

The Blocknet will be largely new code, since it's for a rather different purpose to what XC is for.

However at present the plan is to adapt XC's Xnode protocol (end-to-end encrypted P2P protocol) for the XBridge. It'll be used in conjunction with Telehash in a hybrid DHT-mesh architecture - and it will be completely serverless.

The interim wallet is PoS. I'm currently unaware of how often the final tech will actually need its own blockchain, since the idea is to network nodes of different blockchains together. These chains are a resource and it makes no sense to either duplicate them in the Blocknet's own chain, or to use a new chain when the old ones may suffice. However if it needs its own chain for anything, it'll almost certainly be a PoS chain.

[crackfoo]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

The Blocknet will be largely new code, since it's for a rather different purpose to what XC is for.

However at present the plan is to adapt XC's Xnode protocol (end-to-end encrypted P2P protocol) for the XBridge. It'll be used in conjunction with Telehash in a hybrid DHT-mesh architecture - and it will be completely serverless.

The interim wallet is PoS. I'm currently unaware of how often the final tech will actually need its own blockchain, since the idea is to network nodes of different blockchains together. These chains are a resource and it makes no sense to either duplicate them in the Blocknet's own chain, or to use a new chain when the old ones may suffice. However if it needs its own chain for anything, it'll almost certainly be a PoS chain.

Do you have the github link to xnode handy?

[WhiteNotWright]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

These are the type of questions I would expect to see. Stuff with real merit to it.

[URSAY]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

The Blocknet will be largely new code, since it's for a rather different purpose to what XC is for.

However at present the plan is to adapt XC's Xnode protocol (end-to-end encrypted P2P protocol) for the XBridge. It'll be used in conjunction with Telehash in a hybrid DHT-mesh architecture - and it will be completely serverless.

The interim wallet is PoS. I'm currently unaware of how often the final tech will actually need its own blockchain, since the idea is to network nodes of different blockchains together. These chains are a resource and it makes no sense to either duplicate them in the Blocknet's own chain, or to use a new chain when the old ones may suffice. However if it needs its own chain for anything, it'll almost certainly be a PoS chain.

Do you have the github link to xnode handy?

https://github.com/atcsecure?tab=repositories

[crackfoo]

Is the dev team behind this project publically known (with their real world ids)?

Is there a whitepaper or some other more specific documentation about the technology that is part of this?

Dan Metcalf and I have made our identities public.

There's no whitepaper, but there is Dan's (and XC's) reputation of delivering the goods, on schedule, since its inception.

How is the XC project related to this one?

And what base technology / code you want to use? Do you fork some other project or will it be entirely new code? If it is new code what security algo do you use (pow, pos) how does it differ from others?

The Blocknet will be largely new code, since it's for a rather different purpose to what XC is for.

However at present the plan is to adapt XC's Xnode protocol (end-to-end encrypted P2P protocol) for the XBridge. It'll be used in conjunction with Telehash in a hybrid DHT-mesh architecture - and it will be completely serverless.

The interim wallet is PoS. I'm currently unaware of how often the final tech will actually need its own blockchain, since the idea is to network nodes of different blockchains together. These chains are a resource and it makes no sense to either duplicate them in the Blocknet's own chain, or to use a new chain when the old ones may suffice. However if it needs its own chain for anything, it'll almost certainly be a PoS chain.

Do you have the github link to xnode handy?

https://github.com/atcsecure?tab=repositories

no Xnode...

[URSAY]

no Xnode...

The team has described XC as, "open source on a timeline".  I don't believe any other details exist publicly.

[cryptico]

no Xnode...

The team has described XC as, "open source on a timeline".  I don't believe any other details exist publicly.

There is Rev1 mixer is open source but is ages behind the current tek

[WhiteNotWright]

McHammer, did not we ban you?