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

[Xaltotun]

God, people have no idea how long the number of coins required for a node has been discussed. 

I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.

[commenter]

God, people have no idea how long the number of coins required for a node has been discussed.  

I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.

It doesn't affect me, but I was thinking the more nodes the better. I really don't know though. It was just a thought. May be they should push up the requirement up then to 7000 block. I was just thinking of other people.

[truxton]

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 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

You are most welcome here.

[bamsterdam]

cheers mate

there are good days ahead of us. If we have the funding from blockreward and have the multiwallet layout and can swap coins without havinf to download the hole blockchain I can see this coin go to the 100m mark for sure. Still long way to go but where on the right track only thing is time hope that the 10-15% funding from block will give them more space to hire some other talented devs that can help them out.

[truxton]

There is a UI fund, and dev fund and a small marketing fund already.  All of these funds have increased in value with the price rise and there is now much collaboration going on behind the scenes with new people. Its all good. 

[Zenoru]

God, people have no idea how long the number of coins required for a node has been discussed.  

I have no problem with them lowering the requirement to 100 coins when each Block goes for a hundred bucks but for now I'm glad it's been settled at 5000.

It doesn't affect me, but I was thinking the more nodes the better. I really don't know though. It was just a thought. May be they should push up the requirement up then to 7000 block. I was just thinking of other people.

Yeah, I think it's fine for now. It's still a bit pricey at $16k but reasonable for a service node. There were a few chances to get a node for a few thousand or less. After all we want to ensure high quality nodes and it acts as a sign of strong belief in the network (you are softlocking coins by reducing the actively traded supply, and it costs a decent amount). Dash acted a similar way with its masternodes. A blocknet service node is still cheaper than a dash node :p

Some quick calculations: 5000 blocks gets you around 150 a year (3% stake rate) or $1.50 daily at current prices. Running a service node should be much more profitable since it requires technical expertise to setup and a high price to acquire the blocks required to run the node. If we assume a reasonable 100 nodes after a few months after launch, then we'd expect at least $150 total average daily trade fees. At a very competitive trade fee of let's say 0.05% (on top of network transaction fee) this means we need $300k average daily volume.

I think it's quite feasible since DXs like etherdelta, waves, bitshares have around $400k daily volume, and those are only token/IOU exchanges. We could get there in some months, plus we will probably have more volume from BTC-based coins (LTC, Monero, Doge, etc.)

Of course it depends on how good the UX is once launched and how easy it is to really setup - running lots of full blockchains just to trade could be annoying, but people will do it if it gives them financial security . Plus it should only get better as we get SPV (light) wallet support.

[commenter]

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.


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. 


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...

I don't know if anyone has noticed but there's no buy walls with very little Bitcoin someone could literally buy up all the remaining Block, if the two small walls around 0.00199 weren't there.

I don't have time to add up how much Bitcoin it would take to buy up remaining block with out those to little walls, But I'm thinking of just asking $100.00 per Block any ways or may be $50 to $75 not sure yet.

Just in case, to reset the prices on the 10th page to $25 or $100.00  If the remaining Block were bought.



I'm Also holding all my Block I won't sell anything below .00174700 because I know any day now Bitcoin will be at $2,700.0o x .00174700 means $4.71 block.

[truxton]

Block at $4.00

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.


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. 


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...

I don't know if anyone has noticed but there's no buy walls with very little Bitcoin someone could literally buy up all the remaining Block, if the two small walls around 0.00199 weren't there.

I don't have time to add up how much Bitcoin it would take to buy up remaining block with out those to little walls, But I'm thinking of just asking $100.00 per Block any ways or may be $50 to $75 not sure yet.

Just in case, to reset the prices on the 10th page to $25 or $100.00  If the remaining Block were bought.

See what happens man if you do it.  $100.  Wow thats high.

[MR1]

Those who want to wear BLOCK avatar here it is:

http://imgur.com/a/AOWkq

[truxton]

 

[gerdab]

The BLOCK deserves more than $ 75, but it can't reach it. 
 Assuming that a BLOCK 'll be worth $ 100, each node will cost $ 500,000  . To allow to BLOCK to exceed $ 50 it is necessary to reduce the number of BLOCK in each node at least to 1000 BLOCK 

[truxton]

In the next build, the community will be able to vote on this sort of thing I believe.

[XRP1]

How many coins blocknet are issued? at the moment.

[Trollollo]

The BLOCK deserves more than $ 75, but it can't reach it. 
 Assuming that a BLOCK 'll be worth $ 100, each node will cost $ 500,000  . To allow to BLOCK to exceed $ 50 it is necessary to reduce the number of BLOCK in each node at least to 1000 BLOCK 

1 NEM supernode is worth around 755 300 $ right now,so $ 500 000 is not the limit,but for sure we need more nodes in future,when blocknet will grow.May be it is worth to create 2 types of nodes in future?
May be 1 kind of node  with requirement 3000 blocks,and another with 5000 blocks.But nodes with requirement of 3000 blocks will not be able to vote,and will have no other functions what 5000 block's nodes have?

[MR1]

How many coins blocknet are issued? at the moment.

There are around 3.900.000 Block tokens. New tokens are generated by staking.

[XRP1]

How many coins blocknet are issued? at the moment.

There are around 3.900.000 Block tokens. New tokens are generated by staking.

I do not understand why there are 6 million coins here. BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

[MR1]

How many coins blocknet are issued? at the moment.

There are around 3.900.000 Block tokens. New tokens are generated by staking.

I do not understand why there are 6 million coins here. BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

It is a burn address. The tokens that were not sold after the ITO (around 6 million tokens) were sent to this address to burn. This means these 6 million coins are burned forever. So there are only around 4 million coins in circulation now.

[Jayjay04]

How many coins blocknet are issued? at the moment.

There are around 3.900.000 Block tokens. New tokens are generated by staking.

What is the staking rate ?

[XRP1]

How many coins blocknet are issued? at the moment.

There are around 3.900.000 Block tokens. New tokens are generated by staking.

I do not understand why there are 6 million coins here. BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

It is a burn address. The tokens that were not sold after the ITO (around 6 million tokens) were sent to this address to burn. This means these 6 million coins are burned forever. So there are only around 4 million coins in circulation now.

Thank you. now I understand.

[Wildbike13]

What is the staking rate ?

3% for year....