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

[mxxxxxx]

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

Please explain how SuperNET is not p2p.

I was asked to not discuss it any more and will respect that

Both SuperNet and BlockNet will be fine

[synechist]

Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?

I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.

You'll be able to redeem them to a regular PoS wallet until they can be redeemed for NHZ assets.

[synechist]

I don't know if this has been asked or not, but if somebody buys Blocknet tokens with a cryptocurrency other than BTC, how will the price conversion take place ? I'm worried if moving large amounts has a bad dump impact on the cryptocurrencies price, if they are changed in a market.

Buying Blocknet tokens will not affect a coin's price.

The ITO will simply be a sell wall in a BLOCK:XYZcoin pairing.

And after the ITO is over, only BTC:BLOCK pairings will remain in operation on exchanges.

[Jbanna]

if there are 2500btc available for purchase, how will it be separated into walls for coins? Will it be an equal 250BTC sell wall worth (of respective altcoin) for each all participating coins including bitcoin? And how will these walls be separated throughout different exchanges and on the nhz asset exchange?

[Cassius]

Watching.
I haven't had a chance yet to read the whole thread, but what will BlockNET's privacy protocol be?

[synechist]

if there are 2500btc available for purchase, how will it be separated into walls for coins? Will it be an equal 250BTC sell wall worth (of respective altcoin) for each all participating coins including bitcoin? And how will these walls be separated throughout different exchanges and on the nhz asset exchange?

There's been some conversation about that.

We should divide tokens between exchanges by typical volume, and between coins by typical volume too.

Also if one exchange or coin pairing sells quickly, it should be possible to move some coins around.

[jefams]

Hi all,

I just read about blocknet!! Really cool project and I would like to be a part of it.

I had some question as a newbie:

Where can I buy the blocknetcoins?
Are there different blocknet coins already for sell?
Is there a wallet I need to download to save the coins?

Maybe someone can guide me.

thanks all,

Jef

[mav137]

Jef if you want to invest, have a read in the past pages, your questions have been answered there. It's a good thing to read up on the whole thread to get a good feel on the project and the different perceptions that others have.

[jefams]

Hi Mave137,

Thanks, I just read that you can buy tokens with the coins who joined for 10% discount on Bittrex!! The start is from 29 october!!
What I can not find is where i can save the tokens!!

You not going to save them on Bittrex I guess.

thanks,

Jef

[mav137]

There is gonna be a wallet, just until the tokens can be redeemed on NHZ asset exchange

[crackfoo]

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

Please explain how SuperNET is not p2p.

He's just quoting the OP literature, but yeah, none of the points are really valid.

[mav137]

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

Please explain how SuperNET is not p2p.

He's just quoting the OP literature, but yeah, none of the points are really valid.

May the best implementation win..

[Driv3n]

I see some concern from people asking why the blocknet needs 2500 BTC or why 1 million dollars. Just wanted to clarify that the Blocknet foundation isnt requesting and doesnt need this much it is simply the maximum amount that could be donated during the ITO. I think we all agree that 2500 BTC is an ambitious goal, but its a good idea because if less is donated, the extra shares are destroyed and everyone who donated now has a larger share.

Think about what would happen if the ITO had a max amount of shares that equaled 500 BTC and that total was reached halfway through the ITO, then you'd be left with people upset that they missed the opportunity to buy shares and the Blocknet would lose all that additional funding.  So its good that the bar is set high just in case.

[mujecurejo]

smells like a scam..

You could easily create sockets listening on multiple ports, and process/relay messages for all coins.
I will do it for 100 BTC, and I'll deliver before the ITO.
You don't need some "XBridge" to accomplish this.

[qawzsx]

smells like a scam..

You could easily create sockets listening on multiple ports, and process/relay messages for all coins.
I will do it for 100 BTC, and I'll deliver before the ITO.
You don't need some "XBridge" to accomplish this.

imagine that
Let me guess, SuperNet is doing that, yap yap, very impressive.

[reRaise]

What is the difference between blocknet and supernet?

[synechist]

I see some concern from people asking why the blocknet needs 2500 BTC or why 1 million dollars. Just wanted to clarify that the Blocknet foundation isnt requesting and doesnt need this much it is simply the maximum amount that could be donated during the ITO. I think we all agree that 2500 BTC is an ambitious goal, but its a good idea because if less is donated, the extra shares are destroyed and everyone who donated now has a larger share.

Think about what would happen if the ITO had a max amount of shares that equaled 500 BTC and that total was reached halfway through the ITO, then you'd be left with people upset that they missed the opportunity to buy shares and the Blocknet would lose all that additional funding.  So its good that the bar is set high just in case.

+1. Very well put there sir.

[synechist]

What is the difference between blocknet and supernet?

Check out the OP:

The Blocknet "has at least three fundamental differences from competing projects. Firstly, it has no central or core currencies (unlike NXT and BTCD for SuperNET), and thus will create a truly open, democratic inter-blockchain framework that can be extended as widely as the internet was.

"Secondly, joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled. Centralisation of a coin’s money supply carries risk and demands that one trust the central entity.

"Thirdly, the Blocknet is founded on the XBridge, which is not an RPC call protocol but a true P2P protocol. It is one thing for nodes to connect to each other directly (and thus “P2P”), but it is another for the protocol by which they connect to be true P2P rather than simply JSON-RPC or some other method."

[synechist]

Joebob999, I see you've arrived fresh from being banned from the XC thread to leave your pestilence here.

Go away.

[criptix]

hello,

two quick questions:

1. What will happen with the money collected from the ITO? Will it be spend for development? If yes, what will be developed?

2. Is there a rough timeline or date when blocknet will "go online"/start to work?


greetings
criptix