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

[synechist]

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

Hey hey

ITO funds will be spent on developing the Blocknet.

We'll be publishing a timeline in the very near future.

[Sabretooth]

To save mucking around with trying to balance out price differentials at the time of the ITO the following could be done:

1. Set the volume per coin according to market capitalisation at the time of the start of the ITO, and fix throughout the ITO.  Do not adjust at any point in time.
2. Float the cost per BLOCK according to the bitcoin to currency conversion rate less 10%.

This saves alot of mucking around with trying to get everything balanced.  It also stops small volume coins markets being manipulated.

[mamamae]

fuck as it is you can sign your post like this
A FRIEND
and suggest you are a worldwide MOB

yayks for any help
your post is really appreciate to scarecrow any
people or piss them off from any coin

[rdnkjdi]

Well I was banned from the XC thread, so I will probably soon be banned here.  



The concept of the blocknet itself is not a bad idea. Once cryptocurrencies are more mainstream and economic infrastructures have evolved enough to accept them, something like the blocknet will exist.

The problem with THIS blocknet, is half the coins are run by known pump and dump scammers, and AS ALWAYS, they want to take your money, before they deliver. Doesn't anyone ever notice this pattern?

It angers me that you all are fooled by this. But... I guess if the majority of you didn't have the intelligence of primitive apes then my trading bots wouldn't be able to print bitcoin off you while I snort cocaine off stripper titties at Vegas pool parties.


If the thought even entered your head for a second to buy any of these blocknet shares then you should go: dig a hole, fill it with hydrochloric acid, and throw in it every cold wallet of any cryptocurrency you have.
You don't deserve to have crypto, and your bitcoins are just going to scammers so that they can fund even bigger scams. YOU are the ones keeping the shit alive.

But being the manipulated pawns that you obviously are, you are going to dismiss this post as FUD, and carry on with your pathetic life. While you sit at your computer and continue to breathe in precious oxygen (that I would far prefer watch seep out the ozone hole) try to comprehend that you are providing resources to groups of people who only hinder the advancement of crypto.

You soon-to-be bagholders are a virus to the human race. You have pinned your hopes and dreams on people who laugh at you behind closed doors. You see that guy driving down the street in a Porsche, and you want to be like him, but you never will. Once you lose all your children's college money to 2bit crypto scammers then maybe you will finally understand. And then you can explain to your daughter why she can't drive a nice car or go to college like all her friends.

Wow.  And they classify my posts as "FUD"

o.O

[notsofast]

It occurs to me that SysCoin would be a good addition to the Blocknet. I've contacted the devs on Twitter about it.

[WhiteNotWright]

It occurs to me that SysCoin would be a good addition to the Blocknet. I've contacted the devs on Twitter about it.

I think SysCoin would be an excellent addition to "The Block".
 Up to the community as well I would imagine, but seems more quality coins help everyone.
 

[Come-In-Behind]

Such anger. I've made a little under 300 btc from daytrading, holding, and IPO's. The whole point is to make money. Such stupid arguing going on. I actually agree with XC's decision to branch out and develop more features. The altcoin space needs more innovation, nevertheless Competition. I would like to see Blocknet vs Supernet once both are complete.

[Startide]

There sure is a lot of displaced anger out there.

[BitSwift]

In other news...


The ITO will also be taking place on Bter!

Great!

Very good news!

-BitSwift

[hozer]

Well I was banned from the XC thread, so I will probably soon be banned here.  



The concept of the blocknet itself is not a bad idea. Once cryptocurrencies are more mainstream and economic infrastructures have evolved enough to accept them, something like the blocknet will exist.

The problem with THIS blocknet, is half the coins are run by known pump and dump scammers, and AS ALWAYS, they want to take your money, before they deliver. Doesn't anyone ever notice this pattern?

It angers me that you all are fooled by this. But... I guess if the majority of you didn't have the intelligence of primitive apes then my trading bots wouldn't be able to print bitcoin off you while I snort cocaine off stripper titties at Vegas pool parties.


If the thought even entered your head for a second to buy any of these blocknet shares then you should go: dig a hole, fill it with hydrochloric acid, and throw in it every cold wallet of any cryptocurrency you have.
You don't deserve to have crypto, and your bitcoins are just going to scammers so that they can fund even bigger scams. YOU are the ones keeping the shit alive.

But being the manipulated pawns that you obviously are, you are going to dismiss this post as FUD, and carry on with your pathetic life. While you sit at your computer and continue to breathe in precious oxygen (that I would far prefer watch seep out the ozone hole) try to comprehend that you are providing resources to groups of people who only hinder the advancement of crypto.

You soon-to-be bagholders are a virus to the human race. You have pinned your hopes and dreams on people who laugh at you behind closed doors. You see that guy driving down the street in a Porsche, and you want to be like him, but you never will. Once you lose all your children's college money to 2bit crypto scammers then maybe you will finally understand. And then you can explain to your daughter why she can't drive a nice car or go to college like all her friends.

Holy flamage.

Have you ever stopped to consider that maybe subconsciously these people *want*, and need to be taken advantage of? I don't have a clue why, other than maybe it has something to do with being addicted to hype and the "it's going to the moon" talk.

I will believe both blocknet, and your claims about a trading bot when I see the code. How much would you charge to release the bot code under AGPLv3?

unless, of course, your flamage means your bot can make more money cause you can buy more blocknet shares and dump them. That would be the logical explanation. (now let's see if I get banned for raining on the FUD parade)

[Kuriso]

People complaining about the ICO and calling it a scam needs to compare Blocknet to Supernet.

Supernet raised something like 5700+/- btc for their ICO and they require 10% of the supported coins to be controlled by Supernet.  Blocknet is only looking to raise 2500btc at most and will destroy anything not sold.  All participating coins join for free.  They do not require 10% of the chosen coin's supply to join.  Blocknet is not selling or using a central currency like Supernet's BitcoinDark.  Participating coins work with each other directly.  

The amount of funds raised by Blocknet is only a fraction of the overall funds raised and controlled by Supernet.

Also, there are a lot people that keep calling Blocknet, XC or XC's project.  Blocknet is not just XC.  Dan from XC proposed it and I guess you could say he is heading the project but its not just XC like everyone tries to make it.  Its an open project between participating coins.  All the devs will be working on it and towards the overall goals.

Another note...  There are a lot of complaints/concerns about some of the coins involved being 'whale coins' or controlled by pump and dump groups.  For a few of the coins that is true but you can also say that about almost any coins.  They almost all have their whales and their pump and dumps.  Its just part of the scene right now.  Here's something to consider though.  While the coin supply may be controlled by a few, I think the coins themselves are not what is drawn to the Blocknet project.  I think the competent devs behind the coins and some of the potential tech that the coin offers is why they are part of the project.  If you didn't add a coin because of who owned the actual coins, you wouldn't have much to pick from.

If it all comes together, it could be a pretty cool deal.  If not, there will be plenty of you ready to attack so I'm sure they'll pull it together.  

[TheGer]

Just because some other group took in $2,000,000 doesn't make it fine to "only" ask for $1,000,000 for your own project and think you're giving away a deal.  Your view of reality is skewed brah...

This project will get a lot more support both financially and vocally if they tone down the cash cow and stagger their share offerings to source development funds in smaller allotments as I suggested earlier.

500,000 shares initially @ .00025 = 125 BTC

If they can't or won't kickstart this project with $50,000 worth of BTC then I have to question the legitimacy of the project.  Once we see significant progress for our funding then perhaps another share offering can be done to get to the next level.  

I strongly urge the Blocknet developers though, don't just ask for $1,000,000 because you think you can.  I think you can guess where that's going to lead with this community.  Be realistic.  In all honestly I believe anything more than approx. $500,000 for a working product is cheeky and you are going to have a lot of people looking the other way on this project if you try and pull that amount.

If you are dead set on offering 10,000,000 shares I'd to it in .00015 BTC values.

10,000,000 x .00015 = 1500 BTC x $400 = $600,000

MUCH more reasonable in my opinion.

People complaining about the ICO and calling it a scam needs to compare Blocknet to Supernet.

Supernet raised something like 5700+/- btc for their ICO and they require 10% of the supported coins to be controlled by Supernet.  Blocknet is only looking to raise 2500btc at most and will destroy anything not sold.  All participating coins join for free.  They do not require 10% of the chosen coin's supply to join.  Blocknet is not selling or using a central currency like Supernet's BitcoinDark.  Participating coins work with each other directly.  

The amount of funds raised by Blocknet is only a fraction of the overall funds raised and controlled by Supernet.

Also, there are a lot people that keep calling Blocknet, XC or XC's project.  Blocknet is not just XC.  Dan from XC proposed it and I guess you could say he is heading the project but its not just XC like everyone tries to make it.  Its an open project between participating coins.  All the devs will be working on it and towards the overall goals.

Another note...  There are a lot of complaints/concerns about some of the coins involved being 'whale coins' or controlled by pump and dump groups.  For a few of the coins that is true but you can also say that about almost any coins.  They almost all have their whales and their pump and dumps.  Its just part of the scene right now.  Here's something to consider though.  While the coin supply may be controlled by a few, I think the coins themselves are not what is drawn to the Blocknet project.  I think the competent devs behind the coins and some of the potential tech that the coin offers is why they are part of the project.  If you didn't add a coin because of who owned the actual coins, you wouldn't have much to pick from.

If it all comes together, it could be a pretty cool deal.  If not, there will be plenty of you ready to attack so I'm sure they'll pull it together.  

[loges]

 I fail to see a reason for arguing about how much funding is raised by the ito. If you don't like it don't fund it, it's pretty simple. It will receive as many btc as people see fit to invest.
 I agree with the earlier post about the ignorant arguments around here. Nobody is forcing anyone to buy anything. This is all just day trading on steroids and we all know it. The only difference I see is that in crypto if you lose money you have to make everyone listen to you cry about it for a while.

[WhiteNotWright]

I fail to see a reason for arguing about how much funding is raised by the ito. If you don't like it don't fund it, it's pretty simple. It will receive as many btc as people see fit to invest.
 I agree with the earlier post about the ignorant arguments around here. Nobody is forcing anyone to buy anything. This is all just day trading on steroids and we all know it. The only difference I see is that in crypto if you lose money you have to make everyone listen to you cry about it for a while.

Thank you.

[MemoryShock]

I see a few posts that are harping on why certain coins were chosen to join Blocknet.  Some are citing small marketcap blah blah blah.

Atcsecure mentioned that the development of the technology was priority.  With this in mind, let us take a look at what each of the coins represented in the Blocknet Foundation have done…in no particular order.

SSD – First steganograpic anon transaction over mobile.  This means that you can embed a transfer of SSD into an image that you take from your mobile and not have it traced – the image doesn’t suggest that a transaction has occurred.  That is pretty freaking stout in my opinion.  Development ongoing.

XST – World’s First anonymous SMS transaction.  Again, a mobile transaction that is anonymous. Development ongoing (this is a theme with everyone here so I won't repeat it).

APEX – In wallet developments – everything from social networking to casinos.  Aggressive dev team with an eye towards enabling web merchant transactions within their wallet.

UTIL – Content filtering to protect exit nodes from malicious and illegal content.  A great business feature.

SWIFT – geoSwift, a way to GPS locate and connect sellers/buyers via mobile.  

LXC – Working on BlueTooth transactions…meaning mobile transactions without internet connection.  Sidechain research and implementation planned.

FIBRE – An Aggressive dev team that has already created their own OS and have integrated FibreLock (an android style password system that renders keyloggers obsolete) into a BTC Modded wallet in addition to their own.  

NHZ – Asset Exchange and further expansion of NXT code.

XC – Working on some cool stuff with a dev who has proven himself through a mountain of accusations.  Not sure I need to list the features and development here.

The best part of my summaries are this – it’s not comprehensive!!!  It’s a miniscule aspect of what each coin has to offer and not a complete picture of what each respective coins developers are capable of.  My point was to make an attempt to list a unique feature of each coin to demonstrate the very broad based level of expertise represented here.  There are many talented devs here with many ‘firsts’ represented.  All of them together can combine into a seamless user experience that can’t be claimed ANYWHERE.  All of these features together create a potential user experience that is unrivaled and will be for some time.

The marketcap of each coin, at this time, is irrelevant to me. That is not what defines their worth. The devs are pretty stout and it is the technology that is being developed that is the main issue and what will drive their relevance.

None of the posts that I see are even focusing on what the development teams are doing.  That needs to be corrected.

In fact, Blocknet has a group of talented people who will collaborate on making something that is something that Crypto has never seen before.  And I think that is something that isn't being done elsewhere.

[EmilioMann]

In other news...


The ITO will also be taking place on Bter!

Very nice!
This will open the doors of asia to blocknet and all coins involved.

I see a few posts that are harping on why certain coins were chosen to join Blocknet.  Some are citing small marketcap blah blah blah.

Atcsecure mentioned that the development of the technology was priority.  With this in mind, let us take a look at what each of the coins represented in the Blocknet Foundation have done…in no particular order.

SSD – First steganograpic anon transaction over mobile.  This means that you can embed a transfer of SSD into an image that you take from your mobile and not have it traced – the image doesn’t suggest that a transaction has occurred.  That is pretty freaking stout in my opinion.  Development ongoing.

XST – World’s First anonymous SMS transaction.  Again, a mobile transaction that is anonymous. Development ongoing (this is a theme with everyone here so I won't repeat it).

APEX – In wallet developments – everything from social networking to casinos.  Aggressive dev team with an eye towards enabling web merchant transactions within their wallet.

UTIL – Content filtering to protect exit nodes from malicious and illegal content.  A great business feature.

SWIFT – geoSwift, a way to GPS locate and connect sellers/buyers via mobile. 

LXC – Working on BlueTooth transactions…meaning mobile transactions without internet connection.  Sidechain research and implementation planned.

FIBRE – An Aggressive dev team that has already created their own OS and have integrated FibreLock (an android style password system that renders keyloggers obsolete) into a BTC Modded wallet in addition to their own. 

NHZ – Asset Exchange and further expansion of NXT code.

XC – Working on some cool stuff with a dev who has proven himself through a mountain of accusations.  Not sure I need to list the features and development here.

The best part of my summaries are this – it’s not comprehensive!!!  It’s a miniscule aspect of what each coin has to offer and not a complete picture of what each respective coins developers are capable of.  My point was to make an attempt to list a unique feature of each coin to demonstrate the very broad based level of expertise represented here.  There are many talented devs here with many ‘firsts’ represented.  All of them together can combine into a seamless user experience that can’t be claimed ANYWHERE.  All of these features together create a potential user experience that is unrivaled and will be for some time.

The marketcap of each coin, at this time, is irrelevant to me. That is not what defines their worth. The devs are pretty stout and it is the technology that is being developed that is the main issue and what will drive their relevance.

None of the posts that I see are even focusing on what the development teams are doing.  That needs to be corrected.

In fact, Blocknet has a group of talented people who will collaborate on making something that is something that Crypto has never seen before.  And I think that is something that isn't being done elsewhere.

+1000

[Driv3n]

No one is asking for a million dollars, if less BTC is donated there will be less shares, and everyone will have a bigger piece of the pie.  10 million shares is not set in stone and not a requirement, its just the maximum possible funding for this ITO.

With that being said, a staggered ITO is a solid option too.

[danynx]

this shit looks to me like a copy paste of supernet wanting to take advantage of supernet sucess.. go and improve bitcoin before creating more "crypto networks v 10.0"

so dev wants a million dollar to make a "network" of coins that have been only pumps and no real adoption.. nice try

[butany]

It's another supernet. No value!!!

[Kuriso]

Just because some other group took in $2,000,000 doesn't make it fine to "only" ask for $1,000,000 for your own project and think you're giving away a deal.  Your view of reality is skewed brah...

This project will get a lot more support both financially and vocally if they tone down the cash cow and stagger their share offerings to source development funds in smaller allotments as I suggested earlier.

500,000 shares initially @ .00025 = 125 BTC

If they can't or won't kickstart this project with $50,000 worth of BTC then I have to question the legitimacy of the project.  Once we see significant progress for our funding then perhaps another share offering can be done to get to the next level.  

I strongly urge the Blocknet developers though, don't just ask for $1,000,000 because you think you can.  I think you can guess where that's going to lead with this community.  Be realistic.  In all honestly I believe anything more than approx. $500,000 for a working product is cheeky and you are going to have a lot of people looking the other way on this project if you try and pull that amount.

If you are dead set on offering 10,000,000 shares I'd to it in .00015 BTC values.

10,000,000 x .00015 = 1500 BTC x $400 = $600,000

MUCH more reasonable in my opinion.

People complaining about the ICO and calling it a scam needs to compare Blocknet to Supernet.

Supernet raised something like 5700+/- btc for their ICO and they require 10% of the supported coins to be controlled by Supernet.  Blocknet is only looking to raise 2500btc at most and will destroy anything not sold.  All participating coins join for free.  They do not require 10% of the chosen coin's supply to join.  Blocknet is not selling or using a central currency like Supernet's BitcoinDark.  Participating coins work with each other directly.  

The amount of funds raised by Blocknet is only a fraction of the overall funds raised and controlled by Supernet.

Also, there are a lot people that keep calling Blocknet, XC or XC's project.  Blocknet is not just XC.  Dan from XC proposed it and I guess you could say he is heading the project but its not just XC like everyone tries to make it.  Its an open project between participating coins.  All the devs will be working on it and towards the overall goals.

Another note...  There are a lot of complaints/concerns about some of the coins involved being 'whale coins' or controlled by pump and dump groups.  For a few of the coins that is true but you can also say that about almost any coins.  They almost all have their whales and their pump and dumps.  Its just part of the scene right now.  Here's something to consider though.  While the coin supply may be controlled by a few, I think the coins themselves are not what is drawn to the Blocknet project.  I think the competent devs behind the coins and some of the potential tech that the coin offers is why they are part of the project.  If you didn't add a coin because of who owned the actual coins, you wouldn't have much to pick from.

If it all comes together, it could be a pretty cool deal.  If not, there will be plenty of you ready to attack so I'm sure they'll pull it together.  

Actually about $2.28 million at current value but during the time of the Supernet ICO other assets like NXT and BTCD as well as Bitcoin itself was higher.  Total funds raised is probably much closer to $3 million USD at the time.  I'm not here to dispute the dollars though.  Some of the same accounts complaining about this ICO are ones that supported Supernet or had no negative things to say about the more than 200% increase of funds secured by Supernet.  I don't think that should go without putting things in perspective.  That's why I compared the funds raised.  Both projects are similar with some key differences.  Blocknet could be a better project with far less investments compared to Supernet.

I'm not a c++ coder and I'm no pro coin dev so I'd rather not venture to estimate the amount of time and funds required to develop this project but $50,000 isn't much.  I've been involved with company websites that cost more than that.  Monero (XMR) estimated at least 160k+ was needed for future funding of that coin alone.  This is just one I remembered off the top of my head.

The potential of Blocknet and the current terms of the ICO makes this ICO a reasonable offer.  If I truly didn't think that, I'd be here debating the situation,  I've been debating the BRO, Boom, and Cleverhash ICOs because I don't feel they offered the same fair/reasonable offer.  I bet most of you complaining about the price secretly think, "if I can get the price down I can control more of the coin"...  Heck, I'll support that.  Lower the price so I can hold more lol.

MemoryShock's post did a great job of providing more details about my last points.  Some of the initial coin choices are more about the devs and tech than who controls the minted coins or how many they control.  I would like to see if some of the larger volume coins would be interested in getting in on this.  I've seen several recommendations to contact Dogecoin.  While Doggie has a large MC, great volume and a large community, its still dogecoin.  It could bring some great attention to Blocknet though.



I hadn't seen anything official and I haven't seen a recommendation for this yet so I'll throw it out there. 

The Blocknet group should develop a type of business plan for this ICO.  Layout some specific goals and uses for the ICO funds to show investors how funds are going to be used.  Maybe outline several different potential roadmaps based on the amount of funds raised or issues/changes that could occur.  This can help end some of the useless speculations on how much some random account thinks you need to raise.  Will help to increase some investor confidence as well.