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

[truxton]

Whats going on with Bittrex?  Lots of activity.

[1714872997]

1714872997

[1714872997]

1714872997

[synechist]

New DX build ready for testing!

Testers welcome in Slack.

http://blocknet.herokuapp.com

[MR1]

New DX build ready for testing!

Testers welcome in Slack.

http://blocknet.herokuapp.com

Nice to see permanent progress of Blocknet !

[statdude]

Are there fees for the decentralized exchange? If so, who collects?
What is the benefit to running a node?

[truxton]

yes there are fees. amount to be decided.  fees paid to holders of the blocknet.  the current idea is that anyone with over 10,000 will get fees to start but this is not set in stone yet. as more users start using the DX this will come down. ask synechist for more info.  right now the UI is the next step.

[truxton]

coinbase and now bitfinex hacked.  

https://pbs.twimg.com/media/Co5AGNDXEAQ3QWU.jpg   119,000 BTC!

Blocknet will be huge.

[jubalix]

unless blocknet can accept and pay USD to and from my bank without a intermediary holding it, then its not the distributed exchange I am looking for...I know thats a big ask...but there it is the only way to put the exchange risk out of business

[synechist]

Are there fees for the decentralized exchange? If so, who collects?
What is the benefit to running a node?

Yes, there is a trade fee.

The amount is yet to be decided.

Running an exchange node nets you the fee.

Coming up: distribution of a portion of the fee to staking wallets across the network.


For the record, exchange nodes don't hold coins - this is a trustless design.
It's also the only exchange that has decentralised all the core components of exchange
- coin deposits
- order book
- order matching system
- coin exchange protocol

[synechist]

unless blocknet can accept and pay USD to and from my bank without a intermediary holding it, then its not the distributed exchange I am looking for...I know thats a big ask...but there it is the only way to put the exchange risk out of business

For the time being, I suggest using fiat gateways to get across the fiat:crypto divide.

They're regional and centralised by nature, so aren't a natural component of a protocol-based, borderless decentralised exchange.

We've been putting a bit of time into the notion of a coin pegged to USD. This way, traders could park their coins somewhere stable instead of sleeping in BTC. However, it's not clear how to keep this both decentralised and non-gameable.

For now, you can trade trustlessly across any currency pair that uses either the Bitcoin Core API or the Ethereum codebase.

Stay safe.

[Tanglemymind]

Hello,

Just read an article about blocknet and liked what I read.

Question...

How many total tokens will there be?

Is this 100% pos?

And i checked polo and the volume is low. Any reason for that? I just think it would be higher based on what I have read.

...your explorer link on coinmarketcap.com is not working.

Thanks for your respons.

[m4nki]

We've been putting a bit of time into the notion of a coin pegged to USD. This way, traders could park their coins somewhere stable instead of sleeping in BTC. However, it's not clear how to keep this both decentralised and non-gameable.

Maybe use "Tether" for that? It is an Omni asset already pegged to the USD.

[synechist]

Hello,

Just read an article about blocknet and liked what I read.

Question...

How many total tokens will there be?

Is this 100% pos?

And i checked polo and the volume is low. Any reason for that? I just think it would be higher based on what I have read.

...your explorer link on coinmarketcap.com is not working.

Thanks for your respons.

The coin is 100% POS.

Coin supply is 3,877,226.06 BLOCK + ~3% annual interest (starting from Oct 2014).
Initially 10,000,000 coins were created. 3,877,226.06 were sold during the ITO and the remaining coins were burned.

The volume has been low because we've been developing and haven't been ready to publicise our results.

Apologies for the broken link to coinmarketcap. The entire OP needs to be updated. :-)

[synechist]

We've been putting a bit of time into the notion of a coin pegged to USD. This way, traders could park their coins somewhere stable instead of sleeping in BTC. However, it's not clear how to keep this both decentralised and non-gameable.

Maybe use "Tether" for that? It is an Omni asset already pegged to the USD.

Yes, that came up in conversation - and I'm an old follower of Omni / Mastercoin.

I need to check out their implementation, especially its degree of centralisation (if any).

If it's trustless in the required respects, then I see no problem in using it. Way better than reinventing the wheel. :-)

[synechist]

We're featured on Bitcoin.com

https://news.bitcoin.com/blocknet-centralized-exchanges/

[synechist]

Just keeping this current:

Hi folks

Good news: we have a user guide for the decentralised exchange!

It was created by the community.
Special thanks to @aderks for leading the initiative.
It'll be progressively updated as we go.


Here's the link:
https://docs.google.com/document/d/1DWmeD86mvzM1gG-g3_i0_TApjAnmzbUefhEXGYKRqYc/edit?usp=sharing

[Lyricz]

Hey,
Can someone please send the Link to the slack-channel?

Thx

btw: do i need an invite ?

[MR1]

Hey,
Can someone please send the Link to the slack-channel?

Thx

btw: do i need an invite ?

I think you have to PM your working email to synechist:  https://bitcointalk.org/index.php?action=profile;u=148620

[synechist]

Hey,
Can someone please send the Link to the slack-channel?

Thx

btw: do i need an invite ?

I think you have to PM your working email to synechist:  https://bitcointalk.org/index.php?action=profile;u=148620

Hey hey

Just head to http://blocknet.herokuapp.com to sign up.

[BrotherJ]

I think time is running out for Block to be purchased under 100k sats.

[synechist]

Incoming: our very own @arlynculwick on @CoreMediaRadio in 2 hours' time to discuss crypto #decentralised exchange.
https://t.co/f6drvvtMNa