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lijoe408
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August 03, 2017, 03:11:02 AM |
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Can anyone filled me in on whether there were periods where development stalled? Was project recently revived at some point or did the devs take a break at some point? I'm just asking b/c project has been around since 2014 and i'm curious as to why no whitepaper or roadmap was released? Not trying to fud, i'm just wondering if someone could filled me in as i'm very interested in the project.
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DiCE1904
Legendary
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Activity: 1118
Merit: 1002
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August 03, 2017, 04:55:04 AM |
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Can anyone filled me in on whether there were periods where development stalled? Was project recently revived at some point or did the devs take a break at some point? I'm just asking b/c project has been around since 2014 and i'm curious as to why no whitepaper or roadmap was released? Not trying to fud, i'm just wondering if someone could filled me in as i'm very interested in the project.
It was so dead that polo delisted it then out of no where comes the revival with working tech |
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CryptoXMan
Member
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Activity: 119
Merit: 10
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August 03, 2017, 07:40:14 AM |
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Can anyone filled me in on whether there were periods where development stalled? Was project recently revived at some point or did the devs take a break at some point? I'm just asking b/c project has been around since 2014 and i'm curious as to why no whitepaper or roadmap was released? Not trying to fud, i'm just wondering if someone could filled me in as i'm very interested in the project.
The dev was funding it out of his own pocket for the last 2 years after the funding of the ITO ran out. That should tell you how legit it is because the dev could have easily dumped the coin and started another one from scratch, but he didn't let all the ITO people out to dry. |
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truxton
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August 03, 2017, 08:30:32 AM
Last edit: August 03, 2017, 08:40:43 AM by truxton |
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What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?
Been looking for documentation on this and haven't found any.
Thanks
1. You can use it to stake for more coins. 2. You use block as fees to pay to the service node for making trades. 3. You can have 5000 block to run a service nodes and earn those fees. Service node is 5k block? Yes, for now they set it at 5K. Cheap still. I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes. |
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truxton
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August 03, 2017, 08:39:45 AM |
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Can anyone filled me in on whether there were periods where development stalled? Was project recently revived at some point or did the devs take a break at some point? I'm just asking b/c project has been around since 2014 and i'm curious as to why no whitepaper or roadmap was released? Not trying to fud, i'm just wondering if someone could filled me in as i'm very interested in the project.
The dev was funding it out of his own pocket for the last 2 years after the funding of the ITO ran out. That should tell you how legit it is because the dev could have easily dumped the coin and started another one from scratch, but he didn't let all the ITO people out to dry. Exactly. Devs could have walked away but instead they funded from their own pocket and have now come back with a game changer. The exchange has actually been built 3 times now over the course of those 2 years. Regarding the whitepaper, it is now almost complete. |
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BrannigansLaw
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August 03, 2017, 09:44:22 AM |
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The dev was funding it out of his own pocket for the last 2 years after the funding of the ITO ran out. That should tell you how legit it is because the dev could have easily dumped the coin and started another one from scratch, but he didn't let all the ITO people out to dry.
So what is the status,with exchanges being taken offline and hackers running away with the money,it is time we have some truly decentralized exchange where no one have the final word nor it can be taken down by the government or any other organization by spreading false news and money laundering charges against people who are running exchanges without any formal procedures. |
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CryptoXMan
Member
Offline
Activity: 119
Merit: 10
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August 03, 2017, 10:19:54 AM |
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What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?
Been looking for documentation on this and haven't found any.
Thanks
1. You can use it to stake for more coins. 2. You use block as fees to pay to the service node for making trades. 3. You can have 5000 block to run a service nodes and earn those fees. Service node is 5k block? Yes, for now they set it at 5K. Cheap still. I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes. And the thing is... It's cheap still now because... once this is launched with the user friendly UI being developed by a world class company, $55k will be ultra cheap when you look back when it becomes possibly $550k... |
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synechist (OP)
Legendary
Offline
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
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August 03, 2017, 12:56:23 PM |
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Hi all
Tomorrow we will reveal our roadmap.
It will appear on the OP.
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Co-Founder, the Blocknet
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Herbarium
Member
Offline
Activity: 83
Merit: 10
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August 03, 2017, 04:35:32 PM |
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Hi all
Tomorrow we will reveal our roadmap.
It will appear on the OP.
great look forward to learning more about your project |
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truxton
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August 03, 2017, 06:34:37 PM |
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The number of coins that can be traded on the Blocknet DX is now 21! with even more to come....
BAY
BTC
BLK
BLOCK
DASH
DGB
DOGE
DYN
PIVX
LTC
MUE
NMC
SYS
VTC
VIA
BRK
BRX
ETH
NLG
QTUM
DCR
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Gillette
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August 03, 2017, 07:59:30 PM |
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The number of coins that can be traded on the Blocknet DX is now 21! with even more to come....
BAY
BTC
BLK
BLOCK
DASH
DGB
DOGE
DYN
PIVX
LTC
MUE
NMC
SYS
VTC
VIA
BRK
BRX
ETH
NLG
QTUM
DCR
The number of BLOCKNET DX participating coins is increasing day by day. I`m sure BLOCK`s price will easily reach 45-50 USD by the end of this year. |
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CryptoXMan
Member
Offline
Activity: 119
Merit: 10
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August 03, 2017, 11:02:08 PM |
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The number of coins that can be traded on the Blocknet DX is now 21! with even more to come....
BAY
BTC
BLK
BLOCK
DASH
DGB
DOGE
DYN
PIVX
LTC
MUE
NMC
SYS
VTC
VIA
BRK
BRX
ETH
NLG
QTUM
DCR
The number of BLOCKNET DX participating coins is increasing day by day. I`m sure BLOCK`s price will easily reach 45-50 USD by the end of this year. I would say that's a conservative estimates. |
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simon_ngo
Newbie
Offline
Activity: 68
Merit: 0
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August 04, 2017, 03:47:20 AM |
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Hello,
Can anybody explain me: what is different about $BLOCK & $BLK (Blackcoin)?
Because I see $BLK also has Blackhalo - decentralized market & exchange
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lijoe408
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August 04, 2017, 06:53:44 AM |
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What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?
Been looking for documentation on this and haven't found any.
Thanks
1. You can use it to stake for more coins. 2. You use block as fees to pay to the service node for making trades. 3. You can have 5000 block to run a service nodes and earn those fees. Service node is 5k block? Yes, for now they set it at 5K. Cheap still. I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes. And the thing is... It's cheap still now because... once this is launched with the user friendly UI being developed by a world class company, $55k will be ultra cheap when you look back when it becomes possibly $550k... 55K is expensive as it is. Very few people entering from this point will commit 50k+ to owning a Node for a coin with a marketcap at this level. The result will be not that many nodes. The Node/Total supply ratio seems unbalanced. Consider Dash has 20M supply and requires 1K coins to run a masternode. Blocknet has 4M Supply and requires 5K coins to run a masternode. Dash currently has thousands of masternodes running. If you locked up half the supply of Blocknet, it's not enough for even 500 Nodes. The result of all this will be that the network does not have many nodes. I can't speak to whether this will have any effect on the network, so i'm interested to hear what a dev has to say about this. |
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CryptoXMan
Member
Offline
Activity: 119
Merit: 10
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August 04, 2017, 07:49:39 AM |
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What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?
Been looking for documentation on this and haven't found any.
Thanks
1. You can use it to stake for more coins. 2. You use block as fees to pay to the service node for making trades. 3. You can have 5000 block to run a service nodes and earn those fees. Service node is 5k block? Yes, for now they set it at 5K. Cheap still. I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes. And the thing is... It's cheap still now because... once this is launched with the user friendly UI being developed by a world class company, $55k will be ultra cheap when you look back when it becomes possibly $550k... 55K is expensive as it is. Very few people entering from this point will commit 50k+ to owning a Node for a coin with a marketcap at this level. The result will be not that many nodes. The Node/Total supply ratio seems unbalanced. Consider Dash has 20M supply and requires 1K coins to run a masternode. Blocknet has 4M Supply and requires 5K coins to run a masternode. Dash currently has thousands of masternodes running. If you locked up half the supply of Blocknet, it's not enough for even 500 Nodes. The result of all this will be that the network does not have many nodes. I can't speak to whether this will have any effect on the network, so i'm interested to hear what a dev has to say about this. So... very few nodes = more profits per nodes. |
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afrorc
Newbie
Offline
Activity: 22
Merit: 0
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August 04, 2017, 08:33:31 AM |
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What's the utility/purpose of the Blocknet coin within the Blocknet decentralized exchange?
Been looking for documentation on this and haven't found any.
Thanks
1. You can use it to stake for more coins. 2. You use block as fees to pay to the service node for making trades. 3. You can have 5000 block to run a service nodes and earn those fees. Service node is 5k block? Yes, for now they set it at 5K. Cheap still. I would hardly call 55k cheap. The amount of required coins is too much compared to total supply imo. This will greatly limit the amount of servicenodes. It should be 500-1000 imo The price of a single Block was 10 cents for 2 years. A node was cheap back then. Many many people who purchased during this period have enough block to run nodes. And the thing is... It's cheap still now because... once this is launched with the user friendly UI being developed by a world class company, $55k will be ultra cheap when you look back when it becomes possibly $550k... 55K is expensive as it is. Very few people entering from this point will commit 50k+ to owning a Node for a coin with a marketcap at this level. The result will be not that many nodes. The Node/Total supply ratio seems unbalanced. Consider Dash has 20M supply and requires 1K coins to run a masternode. Blocknet has 4M Supply and requires 5K coins to run a masternode. Dash currently has thousands of masternodes running. If you locked up half the supply of Blocknet, it's not enough for even 500 Nodes. The result of all this will be that the network does not have many nodes. I can't speak to whether this will have any effect on the network, so i'm interested to hear what a dev has to say about this. So... very few nodes = more profits per nodes. But also = less decentralised? |
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Lautrer
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August 04, 2017, 08:58:33 AM |
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Even if there is only 1 node it is fully decentralized!
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Zontop
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August 04, 2017, 09:03:41 AM |
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I am waiting for the roadmap to be shared with us. Since morning I have checked the OP many times to not miss what is being revealed. I was having discussions with some friends so all eyes are there because hype is real this time. I am hanging around most of the time today to be among first being in Blocknet's for months. It is big moment to see updated and revised roadmap.
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truxton
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August 04, 2017, 09:23:36 AM |
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Looking at the Blocknet marketing survey from a few months ago it seems about 30% of people who have enough to run a node will be running one. https://drive.google.com/file/d/0B4mJVNyDPdcJZnp5Z21MbWdQLXc/viewHowever, since then, interest in Block has exploded so that number will be higher by now. In the slack channel the consensus seems to be out of the total possible number of nodes, there will be about 60% -70% running. However, its early days and nobody knows for sure yet.  |
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funsponge
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August 04, 2017, 12:39:43 PM |
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I am waiting for the roadmap to be shared with us. Since morning I have checked the OP many times to not miss what is being revealed. I was having discussions with some friends so all eyes are there because hype is real this time. I am hanging around most of the time today to be among first being in Blocknet's for months. It is big moment to see updated and revised roadmap.
you need to join the slack group |
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