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

[onemorebtc]

so you should integrate btc ->   "real world value" = 5 billion haha

afaik btc must include blocknet (sourcecode wise)
but anyhow: interested to see how it goes - but dont have much hope... (who really wants the blocknet functionality in the first place? users definatly not - they just want to pay and dont think about exchange risk, slippage and so on)

[synechist]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

[synechist]

wtf ... bold statement
 hilarious to predict a 450% rise on the proposition "the blocknets real-world value should equate to the total combined use-value of every coin in the blocknet."
why should that be the case rofl?
so you should integrate btc ->   "real world value" = 5 billion haha

and now they want 1 mio $ from us ...
"hey give me 2500 btc for my coins ,which are actually worth 11000 btc"
kidding?

Let's not paste the above image without also quoting the following:

I would like to apologise for the inclusion of the "Reasons to buy Blocknet shares" paragraph in the OP.

It was not intended as investment advice, but rather as a cursory summation of fundamentals.

It has now been removed.

[dan7777777]

REALLY need to get the wallet ASAP.  I will be at work for the start of the sale so will need to know my wallet address as my wallet will be on my home PC and not at work.  PLEASE, when will the wallet be available?

[cryptico]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

Good I'll place my bet at 500 satoshi withouth nothing working before the 29th.

[onemorebtc]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

would you please say something about slippage when using another coins feature?
its one of the main reasons i think this concept can never fly

[onemorebtc]

i think this concept can never fly

+1
but first , give them 1mio$

be fair
the dont ask for a million its just the max: i think thats ok...if people are too greedy thats their problem

but my main problem is atm that one of the core features (auto exchanging to use another coins feature) seems to not be thought through -> this is a killer...

if i would exchange btc->xmr_>btc now i'd loose about 10% (ok last time i checked). do you think people would accept this as an additional fee? i do not

[McHammer]

"When a coin joins the Blocknet, holders of every other coin will be able to use its features. Doesn’t this water down the value of a coin’s technology?
- No. This is like thinking that Google’s value is watered down because it’s on the internet.
- The internet enables a company’s products and services to gain a potentially enormous user base, it gives a company global reach, and it significantly lowers a company’s operating costs. The Blocknet does exactly the same thing for cryptocurrencies."

google is not working without internet
but xc works without the blocknet
 so does this comparison fits

holding all coins is not needed anymore , so why shouldnt that encourage dumping
i probably should sell all my xc now .. no need if i have blocknet ?!
why the hell should i buy a radio a telephone a tv etc when i can buy a smartphone ( blocknet )
i hope im getting this totally wrong


i think its dwatering down the value  ...

[cryptico]

"When a coin joins the Blocknet, holders of every other coin will be able to use its features. Doesn’t this water down the value of a coin’s technology?
- No. This is like thinking that Google’s value is watered down because it’s on the internet.
- The internet enables a company’s products and services to gain a potentially enormous user base, it gives a company global reach, and it significantly lowers a company’s operating costs. The Blocknet does exactly the same thing for cryptocurrencies."

google is not working without internet
but xc works without the blocknet
 so does this comparison fits

holding all coins is not needed anymore , so why shouldnt that encourage dumping
i probably should sell all my xc now .. no need if i have blocknet ?!
why the hell should i buy a radio a telephone a tv etc when i can buy a smartphone ( blocknet )
i hope im getting this totally wrong

You are indeed You are buying into the 4g network used by the smartphone not the smartphone itself, The apps used by the network are your smartphone>exchange, what you exchange are the apps of your smartphone>currencies and services of those.

[synechist]

8BTC.com (China) features the Blocknet

http://www.8btc.com/the-blocknet-the-internet-of-blockchains

[mxxxxxx]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

would you please say something about slippage when using another coins feature?
its one of the main reasons i think this concept can never fly

Hey , it was  discussed earlier, here are the links

https://bitcointalk.org/index.php?topic=829576.msg9305677#msg9305677

https://bitcointalk.org/index.php?topic=829576.msg9306600#msg9306600

[onemorebtc]

8BTC.com (China) features the Blocknet

http://www.8btc.com/the-blocknet-the-internet-of-blockchains

yay another way for you to get money...
would you please say something about my concerns about slippage?

[onemorebtc]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

would you please say something about slippage when using another coins feature?
its one of the main reasons i think this concept can never fly

Hey , it was  discussed earlier, here are the links

https://bitcointalk.org/index.php?topic=829576.msg9305677#msg9305677

https://bitcointalk.org/index.php?topic=829576.msg9306600#msg9306600

i've read them AGAIN and still... no answer about slippage.. atomic exchange does not solve that problem

[mxxxxxx]

REALLY need to get the wallet ASAP.  I will be at work for the start of the sale so will need to know my wallet address as my wallet will be on my home PC and not at work.  PLEASE, when will the wallet be available?

It will be available before the ITO starts

[McHammer]

but i dont want to own the network , i just want to use one app ...
and i already owned that app  ( xc ) ....
everytime a new coin gets added to the blocknet it should loose some value imo
because holding is disencouraged

[synechist]

Some questions:

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

thanks !

Hi

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00. These are its rules:

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

would you please say something about slippage when using another coins feature?
its one of the main reasons i think this concept can never fly

Hey , it was  discussed earlier, here are the links

https://bitcointalk.org/index.php?topic=829576.msg9305677#msg9305677

https://bitcointalk.org/index.php?topic=829576.msg9306600#msg9306600

i've read them AGAIN and still... no answer about slippage.. atomic exchange does not solve that problem

Slippage is not an issue with microtransactions.

If, for some reason, it's still is some kind of issue, if the exchange returns a quote before you go ahead then you'd not have a loss sprung on you.

If, despite this, it's still an issue, there are lots of bot algorithms that can drive up volume and/or reduce the spread. These sorts of market maker bots - or, for that matter, regular ol' human scalpers – would remove the problem.

Finally, the Blocknet will support an entire economy of services; liquidity will be, at best, an initial problem.

[mxxxxxx]

but i dont want to own the network , i just want to use one app ...
and i already owned that app  ( xc ) ....
everytime a new coin gets added to the blocknet it should loose some value imo
because holding is disencouraged

BlockNet FAQ - 2nd , 3rd and 4th question

https://bitcointalk.org/index.php?topic=829576.msg9269808#msg9269808

[synechist]

but i dont want to own the network , i just want to use one app ...
and i already owned that app  ( xc ) ....
everytime a new coin gets added to the blocknet it should loose some value imo
because holding is disencouraged

I disagree. Holding is not discouraged one bit.

In fact, the Blocknet incentivises people to hold. This is because coins gain far greater market exposure and so the ones with quality features will see much better adoption rates. Correspondingly, speculators will buy the coin. Holders benefit.

[onemorebtc]

If, despite this, it's still an issue, there are lots of bot algorithms that can drive up volume and/or reduce the spread. These sorts of market maker bots - or, for that matter, regular ol' human scalpers – would remove the problem.

Finally, the Blocknet will support an entire economy of services; liquidity will be, at best, an initial problem.

the same market maker bots are working currently on all exchanges (i ran one on polo) and they dont solve the slippage problem.

why do you think that this would be better with your p2p-exchange?

seriously: i dont want to downtalk your project. i just want to see if it is useful (atm i dont think so: but PLEASE convince me

[synechist]

Is there a minimum block sell volume for the project to go ahead and what is this amount?

We'll release a financial executive summary, an initial timeline, and detailed info on the ITO very soon.

This question should be covered in it. I just don't have the info from the team as yet.