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

[synechist]

You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.

It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.

You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.

And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...  

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.  

Personally I'd love some proof-of-concept code to be released prior to the ITO.

Part of the XBridge code is actually completed so this might be possible.

Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.

Now pool all the developer talent from all the participating coins.

This code will get nailed down good and proper.

I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"

Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain

Hmm... thanks for that.

Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...

[synechist]

I have to agree with mxxxxxx, a central core or group of currencies that compose the core however, might be best.

What advantages do you see in a centralised approach?

The Blocknet is open and democratic (non-centered) because it needs to be an open and indefinitely extensible framework.

After all, why go through a core currency network when all of them will work just fine?

I though of that after a while in the future(having a core group of currencies), in the blocknet would become diluted? If every currency was equal, then ones without features could be added and not provide any extra service that coins with features(XC) would provide. Also having a core woul act as an incentive o obtain those currencies.

Maybe it could go by a decentralized ranking system, where currencies that contribute the most are placed in a higher pecking order in the blocknet, solving the issue of incentive to buy those currencies and dilution?

Personally I'd just opt for a non-centered approach with good service-finding features (i.e. the equivalent of Google search for the Blocknet).

Works fine for the internet...

[crackfoo]

You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.

It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.

You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.

And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...  

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.  

Personally I'd love some proof-of-concept code to be released prior to the ITO.

Part of the XBridge code is actually completed so this might be possible.

Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.

Now pool all the developer talent from all the participating coins.

This code will get nailed down good and proper.

I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"

Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain

Hmm... thanks for that.

Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...

Brevity is not excuse when you're asking for $1,000,000.

[synechist]

You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.

It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.

You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.

And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...  

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.  

Personally I'd love some proof-of-concept code to be released prior to the ITO.

Part of the XBridge code is actually completed so this might be possible.

Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.

Now pool all the developer talent from all the participating coins.

This code will get nailed down good and proper.

I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"

Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain

Hmm... thanks for that.

Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...

Brevity is not excuse when you're asking for $1,000,000.

Ha ha. Neither would a clunky and inordinately long essay. ;-)

[Revelation]

Interested in buying in with a supported currency. How will those currencies have a 10% discount if tokens are just sold on Bittrex?

Prices of participating coins fluctuate relative to BTC. If Token/BTC price will be fixed at 25k satoshi, how will you fix the rate between Token/participating_coin given that participating_coin/BTC fluctuates?

[synechist]

Interested in buying in with a supported currency. How will those currencies have a 10% discount if tokens are just sold on Bittrex?

Prices of participating coins fluctuate relative to BTC. If Token/BTC price will be fixed at 25k satoshi, how will you fix the rate between Token/participating_coin given that participating_coin/BTC fluctuates?

When tokens are available, coin pricing will become relative to the token's price.

While this won't lock the coins' prices absolutely, the potential for arbitrage will have the effect of converging prices relative to the token's price.

[burner2014]

Wrong Blocknet is the Hosting.   

XC, Fibre, Swift and all other coins are the "APPLICATIONS"       .

Applications can make money.

Money can be shared.

Shareholders are Blocknet

Shareholders are Coins Participating

Shareholders are Maintenance Fees


That is my summary. And if I am honest I am looking forward to that. That gives a lot of possibilities.

For some newbies who don't understand Blocknet like me in the beginning.

[synechist]

Hey everyone, what if we called Blocknet tokens "blocks"?

(Ticker: BLOCK)

Opinions?

[GBattaglia]

Hey everyone, what if we called Blocknet tokens "blocks"?

(Ticker: BLOCK)

Opinions?

That is a very long ticker. How about dropping it to BCK or similar?

[braxx]

how about making it very short

BN

[mxxxxxx]

Hey everyone, what if we called Blocknet tokens "blocks"?

(Ticker: BLOCK)

Opinions?

It is good name, it should be connected to BlockNet and recognizable

And it is catchy

[Krushang]

Ticker: BNT

[mxxxxxx]

Ticker: BNT

how about making it very short

BN

BNT and BN are taken

[Krushang]

Ticker: BNT

how about making it very short

BN

BNT and BN are taken

What about BKN?

[braxx]

Ticker: BNT

how about making it very short

BN

BNT and BN are taken

I couldn't find both...
what coins are they refering too?

[mxxxxxx]

Ticker: BNT

how about making it very short

BN

BNT and BN are taken

I couldn't find both...
what coins are they refering too?

BitcoinNew , BankNote

[broseph]

how about BNET

[braxx]

BLOX

[braxx]

Ticker: BNT

how about making it very short

BN

BNT and BN are taken

I couldn't find both...
what coins are they refering too?

BitcoinNew , BankNote

totally overseen those

[G-Bert]

how about BNET

thats good I'd say, presuming its available...