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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103306 times)
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May 21, 2017, 08:52:42 PM
 #7241

$3.72

This is just a beginning of the truly decentralized era it giving chance to people again and again to buy before hard fork. UI is in under development it is ready to get explode. I already secured mine for exchange node and waiting patiently for this great moment.

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganitide and potential of this project.

JanDzban
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May 21, 2017, 08:57:57 PM
 #7242

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.



Man, why you wrote this twice?


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[E]liminated third parties
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[E]ncrypted & secure
[N]o borders
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TheAwkwardBrit
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May 21, 2017, 09:16:07 PM
 #7243

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.



Man, why you wrote this twice?

He's just so damn excited that it had to be said twice! Al though I am not wealthy enough to be able to afford to buy enough BLOCK to run a node, I am happy just to get my hands on a few because I think this project will be massive.
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May 21, 2017, 09:17:19 PM
 #7244

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Devs have been working on this for 2 years unpaid.  Those blocks are gone. No way to "unburn" them.  Please come and join the slack: https://blocknet.herokuapp.com/   Smiley
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May 21, 2017, 09:18:18 PM
 #7245

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.



Man, why you wrote this twice?

He's just so damn excited that it had to be said twice! Al though I am not wealthy enough to be able to afford to buy enough BLOCK to run a node, I am happy just to get my hands on a few because I think this project will be massive.

This is a good point.  There will 100% be profit here. Just be patient an dont be a weak hand.  Smiley
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May 21, 2017, 09:30:53 PM
 #7246

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Devs have been working on this for 2 years unpaid.  Those blocks are gone. No way to "unburn" them.  Please come and join the slack: https://blocknet.herokuapp.com/   Smiley

I'm not saying that they are not and if the devs say the money is gone, I believe them. Yet, it is established and good practice to use burn addresses with as many non-random characters as possible, because this means that there is no way of anyone knowing the corresponding private key. Obviously, it's too late and the argument is moot, but my pedanticism (is that a word?) made me react to this Wink

And now, you go get 'em, boys (and girls)! I need that DEX baaaaaad Grin
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May 21, 2017, 09:32:22 PM
 #7247

Quote
This is a good point.  There will 100% be profit here. Just be patient an dont be a weak hand.  Smiley

I shall hold onto every single BLOCK that I can acquire with iron hands, for a year or two at least.
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May 21, 2017, 10:17:51 PM
 #7248

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws


**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalk.org/index.php?topic=831042.0
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6


The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn -------  Irky
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May 21, 2017, 10:42:55 PM
 #7249

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws


**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalk.org/index.php?topic=831042.0
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6


The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn -------  Irky

I think it will be a good idea to add a link to this information on the front page when they make the new ANN thread.
JanDzban
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May 21, 2017, 10:56:20 PM
 #7250

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws


**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalk.org/index.php?topic=831042.0
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6


The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn -------  Irky

I think it will be a good idea to add a link to this information on the front page when they make the new ANN thread.

I think the same, that's very decent post.


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[D]ecentralized application
[E]liminated third parties
[C]ontent distribution



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[N]o borders
[T]imeless reputation



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bamsterdam
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May 21, 2017, 11:57:10 PM
 #7251

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please
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May 22, 2017, 12:36:52 AM
 #7252

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please

Hey, let's give this guy a break and not get too trigger-happy with the troll hunting.  It was a legitimate question for someone not familiar with Blocknet history.
ttookk
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May 22, 2017, 12:44:43 AM
 #7253

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws


**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalk.org/index.php?topic=831042.0
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6


The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn -------  Irky

Thanks, much appreciated Smiley

Didn't know about this method.
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May 22, 2017, 01:44:31 AM
 #7254

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.



Man, why you wrote this twice?

I thought it was a good response to truxtons comment.
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May 22, 2017, 07:52:07 AM
 #7255

I don't see any fud here.  I think we are just sensitive to things like that after all the nonsense we have endured on the topic of fud a few years ago.  Lets try and be welcoming. Smiley
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May 22, 2017, 11:35:58 AM
 #7256

Eleven use-cases for the Blocknet



Co-Founder, the Blocknet
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May 22, 2017, 12:22:43 PM
 #7257

What an inspiring list!
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May 22, 2017, 05:11:03 PM
Last edit: May 22, 2017, 07:26:42 PM by commenter
 #7258

Good thing I kept some Bitcoin on the side. I guess I'll get my chance to get my missing Block after all.  Grin
We did have the oppurtunity of going to 4.09 last night ! With bitcoins rise, and even today as a few minutes ago. If 0.24 Bitcoin comes in were back at .00150 that's inspiring. We're at that pivot point to move into the 4 dollar range. If all that Bitcoin sitting on the side line comes back in We are over 4 dollars probably 5. Only .1435 Bitcoin comes in were at . 00149 at .00150 we surpass 0.00150 we put in a new floor and we're headed to 0.00190 * 2980 = $ 5.66 block.
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May 23, 2017, 12:03:08 AM
 #7259

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please

Hey, let's give this guy a break and not get too trigger-happy with the troll hunting.  It was a legitimate question for someone not familiar with Blocknet history.

Thank you for the support I dont get why they think I troll if they checked my post history Huh just saw it on the rich list by accident when I was looking for another coin. I saw block and realized I never checked it for block before and when I saw it I thought huh wtf how is this possible?? so I posted it in a here hurry bit worried, instead of reading first what I normally do. The suggestion also that I cant run a node and thats why i posted this to fud .. please that is just ridiculous.. its just the opposite.., its some real hard accusation based on one post? Really sad to get such a overdone response even if it was a stupid question that is known for ages for people that where there from the start. I admit I posted before trying to find the info myself but thats all to it. I really like blocks approach and think it will have a good change to be on top of all the dex approaches out there just like I said some posts back.



cheers
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May 23, 2017, 12:26:36 AM
Last edit: May 25, 2017, 05:27:57 PM by mprep
 #7260

Time to hold

Even if the price just stays the same at .00143 It's highly likely Bitcoin will be around $2,490 tommorow.
That means block will be at $3.56 with no one else buying in. Grin


It's also likely that the following day Bitcoin will be at $2,724.0 another $234.0 rise of puts block at $3.89. and the next rise of 234.0 + 2724 = 2958.0 which means block is at $4.29 cents at this price.  Grin


Bitcoin will most likely be less than a week will be around the $3,000.0 dollar range if Block stays at .00143 that means we're at $4.29. 


I wouldn't sell any of my block under .00143, and if only .20 Bitcoin comes in it puts us at .00149.
at .00149 x $2958 Bitcoin in a fewdays puts us at $ 4.40. I'm Holding.


It may even happen sooner within a few minutes of mentioning this Bitcoin hit 2,293.0.
Blocknet could hit as high as any where from $4.40 to $5.60

It makes no sense to sell at the moment...



Holding BLOCK until 100 million market cap as anything under is cheap

Look how many useless coins are over 100 million market cap. Block will have real usecases and very huge usecases. It deserves to be at 1 billion marketcap within 12 months!





Excuse me, but why in the living hell aren't people loading into Blocknet!?!?  Its beyond me!  Let me explain for those who don't know -

Blocknet are relentlessly building a decentralized exchange.  The ONLY truly decentralized exchange, where you will maintain FULL control over your funds at ALL times.  No third parties ever involved, no trust required.  This is NOT true for ANY other DEX project out there.

No govt agency will be able to shut it down and seize funds, and no shady exchange can run off with your money.  You won't even have to hand over any personal information to use it.  Fees will likely be much much lower than poloniex and the like, and trades will happen instantly.

I mean the whole thing will be an absolute game changer!  Project of the year!

The developers are super super smart, they know exactly what they're doing, and are fully committed. There are a bunch of other exciting spin offs from the tech they're developing - which is going to allow different blockchains be able inter-operate and interact together.  For now, they move toward the Blocknet DEX - with already working, proven, executed trades in the bag...

What's more, you can buy an exchange node for 5000 block - that's only about 5btc at these insane prices on Bittrex.  Exchange nodes administer trade fees, and for running the node you will receive a small commission of every trade that goes through you (just let that sink for a minute...)

Yes it's real, it has a tangible inherent value (unlike the other rubbish getting pumped out there).  The demand will be massive - every crypto-trader with half a brain cell will be using it (wouldn't you be!?).  Yet there it sits, waiting, looking for some love...

Yup, you're welcome, please thank me later Smiley

The problem is people will not believe it until they see it.

It's like anything you notice the pump as soon as it is fully operational. Which is strange because by then you missed the best buying opportunity.

The hold back here is that it has been in development for years. Investors are speculating there will be many months and opportunities to buy before actual release so are gaining from other pumps first.

However really since coblee and sys dev and DZ have actually seen it working there is even more reason to believe it is an amazing opportunity only not gaining first mover on it is the concern. Once it is out I think you will see a huge green candle if it is released in reasonable time frame.

I know its hard not to but don't worry too much about the timeframe.  Wink

Regarding a roadmap, here is our plan:

- publish an initial list of planned features
- allow people to vote on features (probably by directly funding each feature), in order for us to gauge the market's priorities
- put the features in the order of priority resulting from the votes (this can be readjusted as later votes come in - no need for a cutoff)
- add features as they come up

Sound good?
I plan to publish this in the next few days at the latest.

Sounds great! Smiley Cheers.



Nice we have hit the $3 price! Smiley

Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me. Smiley

The next build will have a voting system. 5000 is not fixed forever. The higher the value of block, the lower the amount to run a node in theory.  It can be adjusted as we go along to keep a balance.  This means that if a node price drops by a thousand for example, suddenly everyone running a node has an extra 1000 blocks to sell if they want and the overall price of a node drops.

That's great, thanks for the information! Smiley


I agree, I think we should ask Devs to lower the amount of Block required to run a service node to 100 blocks. It would create a huge influx of people who would be interested in Block.
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