Tewmamadoe
Newbie
 Offline
Activity: 58
Merit: 0
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July 24, 2017, 01:41:05 PM |
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What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here. You are completely correct.  Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea... There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update. |
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truxton
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July 24, 2017, 01:41:52 PM |
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What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here. You are completely correct. Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea... See this post from previous page. Last paragraph.  Any news team as it was announced 3/4 week of july would bring about some big changes? Thank you.
Your timing is excellent.
We have a major announcement to make in the next few days. Here is a little primer:
The upcoming release will retire the interim wallet and launch the Blocknet production chain!
In addition to bringing OP_CHECLOCKTIMEVERIFY to the mainnet, the release will bring us fully up to date with all the enhancements made to Bitcoin Core over the past several years.
Finally, the release is a migration to a new chain, which will enable us to remove the often-misinterpreted burn address, among several other exciting possibilities
Stay tuned. |
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truxton
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July 24, 2017, 01:42:59 PM |
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Exciting News incoming later today.
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SlowGrowth
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July 24, 2017, 01:47:22 PM |
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What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here. You are completely correct. Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea... See this post from previous page. Last paragraph. Any news team as it was announced 3/4 week of july would bring about some big changes? Thank you.
Your timing is excellent.
We have a major announcement to make in the next few days. Here is a little primer:
The upcoming release will retire the interim wallet and launch the Blocknet production chain!
In addition to bringing OP_CHECLOCKTIMEVERIFY to the mainnet, the release will bring us fully up to date with all the enhancements made to Bitcoin Core over the past several years.
Finally, the release is a migration to a new chain, which will enable us to remove the often-misinterpreted burn address, among several other exciting possibilities
Stay tuned.Awesome! Thank you very much |
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truxton
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July 24, 2017, 01:49:27 PM |
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What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here. You are completely correct. Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea... There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update. Not sure that is correct. Im not sure but I think Staking will go to 6 to 7% with the new code, with 10% of that portion automatically allocated to development fund. If you are also running a node, then overall staking/profit share could be up to 15%. But as I said, I am not sure. |
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Xaltotun
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July 24, 2017, 01:56:37 PM |
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What is the inflation rate on Blocknet ?
In the initial post it says : Coin supply: 3,910,516 BLOCK
And on coinmarketcap it says total supply 10,083,163 BLOCK ?
Those 6 million coins were left undistributed coins at the ICO years ago and got burned long time ago correct me if I am wrong here. You are completely correct. Wow never knew that... So basically your saying that from now on there will only be a little inflation due to POS rewards? What is the daily rate at the moment? This is a game changer to me since only now i understood that 66% of the total coin supply shown on coinmarketcap has already been burned... Where can i find this burn proff and transactions? I think you could benefit from having that in OP since most people see coinmarketcap for coin supply and get the wrong idea... There will be no POS I believe only trade fees if you own a masternode. For now you need 5K block to run a masternode but the amount will be votable by community and is destined to be lowered in the future anyway as price rises. Also the burn issue will be adressed shortly in the next update. Not sure that is correct. Im not sure but I think Staking will go to 6 to 7% with the new code, with 10% of that portion automatically allocated to development fund. If you are also running a node, then overall staking/profit share could be up to 15%. But as I said, I am not sure. Sounds like this needs some clearing up. Currently PoS is at 3%. It has been mentioned that'll change to add a dev fund fee and I thought I read it would be taken from the original 3%. Also, I thought they will include trade fees as a reward to all block holders that should offset the dev cut. I would expect that reward to be much less than running a node, obviously. |
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Lautrer
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July 24, 2017, 02:55:40 PM |
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At the moment POS is at 3%. Thats fact! Everything else we will see when the new chain is there and they probably adjust some settings!
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cryptodoge64
Newbie
Offline
Activity: 42
Merit: 0
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July 24, 2017, 05:19:42 PM |
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Hello everyone, glad to see blocknet entering the elite crypto players. Do we have any clue as to what's gonna happen with the XC project? Still in love with it.
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synechist (OP)
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 24, 2017, 09:57:20 PM |
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In one hour, we will make the announcement on the launch of the Blocknet's production blockchain, and the service that gives $BLOCK intrinsic value.
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Co-Founder, the Blocknet
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AIOS
Member
Offline
Activity: 70
Merit: 10
All In One Social
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July 24, 2017, 10:13:20 PM |
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In one hour, we will make the announcement on the launch of the Blocknet's production blockchain, and the service that gives $BLOCK intrinsic value.
I've been hearing about "BLOCKNET" a lot these days. Still waiting for the announcement though. Is there anything new on the technology front? |
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synechist (OP)
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 24, 2017, 10:57:40 PM |
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Co-Founder, the Blocknet
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danielwwt
Member
Offline
Activity: 122
Merit: 10
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July 25, 2017, 01:08:21 AM |
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see you guys all when blocknet above $10
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Turing
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July 25, 2017, 08:12:27 AM |
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Is there an orderbook?
Could someone answer? |
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Lautrer
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July 25, 2017, 08:24:52 AM |
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Is there an orderbook?
Could someone answer? Yes |
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CryptoXMan
Member
Offline
Activity: 119
Merit: 10
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July 25, 2017, 08:25:15 AM |
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Is there an orderbook?
Could someone answer? From the press release today: UPCOMING DEVELOPMENTS The production release marks the beginning of a significant period in the Blocknet’s timeline, with its whitepaper, SPV multiwallet implementation, and consumer-friendly trading app in the pipeline. Of particular significance is that, in one week’s time, a major announcement will be made regarding the decentralized exchange’s UI. |
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CryptoXMan
Member
Offline
Activity: 119
Merit: 10
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July 25, 2017, 09:29:18 AM |
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synechist (OP)
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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July 25, 2017, 10:50:03 AM |
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Is there an orderbook?
Could someone answer? Yes. |
Co-Founder, the Blocknet
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kludzins
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July 25, 2017, 11:28:26 AM |
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And now back to 7usd |
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truxton
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July 25, 2017, 01:53:28 PM |
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Blocknet MUE for DGB Decentralized Trade Across Blockchains  |
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