crackfoo
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October 22, 2014, 06:00:34 PM |
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Kademlia... that's distributed hash tables, aka DHT. DHT uses servers to lookup and locate nodes. Therefore it's not truly distributed, thus not P2P.
In contrast, the Xnode protocol, upon which the XBridge is based, is completely serverless in operation and truly distributed.
So what exactly will XBridge use? Thin air apparently? |
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synechist (OP)
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October 22, 2014, 06:26:46 PM |
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Kademlia... that's distributed hash tables, aka DHT. DHT uses servers to lookup and locate nodes. Therefore it's not truly distributed, thus not P2P.
In contrast, the Xnode protocol, upon which the XBridge is based, is completely serverless in operation and truly distributed.
So what exactly will XBridge use? I'm told Telehash v.3. Mesh networking - like XCurrency, and a bit of DHT too for scalability. Completely serverless of course. https://github.com/telehash/telehash.org/tree/v3/v3 |
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adhitthana
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October 22, 2014, 06:27:40 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated?  ? |
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synechist (OP)
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October 22, 2014, 06:29:43 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. |
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synechist (OP)
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October 22, 2014, 06:32:46 PM |
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I think those points need nuancing a little better.
1) NXT and BTCD provide key functionality, clearly. But doesn't NHZ provide an AE like NXT? Additionally, many services are built on top of NXT (MGW, distributed crypto exchange, Atomic, InstantDEX...). Then you have BBR, VRC etc. Each coin and service brings something distinctive to the table. I also think one of the things that has caused confusion here is that Teleport is a whole ecosystem for private communication, used by BTCD for anon transfers.
2) Kademlia is DHT, used by BitTorrent. Nodes communicate P2P. Incidentally, it's worth mentioning that Kademlia enables some really very impressive anon tech: you will be able to communicate without sender or receiver, or anyone else, knowing IP addresses. Imagine an attacker with enough resources to monitor the entire network: they wouldn't be able to tell who was sending and receiving packets, let alone what was in them.
3) 10% is the ideal. I suppose you could argue that represents centralisation and risk of manipulation, though it will be held long-term and not used for trading. Its purpose is to underpin the SuperNET NAV and give it a floor value, as well as to align interests between holders. Just about everything in SuperNET is designed to reward productive engagement between the relevant coin communities and services. 10% isn't non-negotiable, but it's the ideal. In some cases I guess it might not be possible; no matter, if a coin offers something worthwhile they can be included. Ultimately I suppose this is a matter of risk/reward, and your outlook on such things. Also bear in mind that ANY coin can use SuperNET via the API.
Anyway, just some thoughts on your points. Hope they're useful.
Thanks very much for this. I'll use it in the FAQ below the OP to refine the comparative remarks we made. |
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atcsecure
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October 22, 2014, 06:35:50 PM |
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Since DHT alone doesn't meet the requires of XBRIDGE, we won't be cloning anything. Xbridge will be a new P2P protocol - merging XNode, DHT and telehash. |
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adhitthana
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October 22, 2014, 06:47:25 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? |
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synechist (OP)
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October 22, 2014, 06:50:27 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? They will not be sold off at all. They will be used to pay for development. We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds. |
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synechist (OP)
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October 22, 2014, 07:56:19 PM |
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dynamite
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October 22, 2014, 08:00:05 PM |
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This looks promising but possibly rushed/underdeveloped. There isn't any technical documentation as far as I saw.
A new blocknet for all the marijuana coins would be cool.
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criptix
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October 22, 2014, 08:00:31 PM
Last edit: October 22, 2014, 08:23:21 PM by criptix |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? They will not be sold off at all. They will be used to pay for development. We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds. Isnt that a contradiction? If you hold the coins how can you pay development? Btw. will all code regarding blocknet be open source? Because as far as i see XCurrency is closed source? |
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synechist (OP)
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October 22, 2014, 08:13:49 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? They will not be sold off at all. They will be used to pay for development. We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds. Isnt that a contradiction? If you hold the coins how can you pay devolopment? Btw. will all code regarding blocknet be open source? Because as far as i see XCurrency is closed source? From what I've read the XBridge tech will be open sourced. Yes the XBridge protocol will be open source. As for selling off coins: it's not a contradiction. - We're not selling off coins - We're paying developers with them. This doesn't require selling them, it just requires paying developers with them. So we're not selling off coins. There will be no dumping of coins. |
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dan7777777
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October 22, 2014, 08:23:15 PM |
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Are we able to sell the tokens for BTC after the sale is over?
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criptix
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October 22, 2014, 08:25:31 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? They will not be sold off at all. They will be used to pay for development. We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds. Isnt that a contradiction? If you hold the coins how can you pay devolopment? Btw. will all code regarding blocknet be open source? Because as far as i see XCurrency is closed source? From what I've read the XBridge tech will be open sourced. Yes the XBridge protocol will be open source. As for selling off coins: it's not a contradiction. - We're not selling off coins - We're paying developers with them. This doesn't require selling them, it just requires paying developers with them. So we're not selling off coins. There will be no dumping of coins. yeah i though so, that would make sense - even though i guess that the coins will be sold in the end to get money in. (im not talking about dumping, just a legit question what will happen with the coins) |
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synechist (OP)
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October 22, 2014, 08:30:10 PM |
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Are we able to sell the tokens for BTC after the sale is over?
Yup. At Bittrex, Poloniex, Bter, and Coingateway. The BTC:BLOCK pairing will continue until tokens are redeemable for NHZ assets (when fee payouts begin). |
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synechist (OP)
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October 22, 2014, 08:37:01 PM |
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Ha ha. This is awesome.
Blocknet: "the Mega Man of altcoins" - Coin Telegraph |
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synechist (OP)
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October 22, 2014, 08:46:40 PM |
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There'll be a custom page for the ITO. We'll keep you posted on the details. |
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policymaker
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October 22, 2014, 09:00:03 PM |
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supernet trolls coming here to advertise their project.
gotta love competition, especially when they fear you.
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NomNomKing
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October 22, 2014, 09:48:13 PM |
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CoinGateway will handle the majority of coins.
So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes?? How is the XC exchange rate calculated? ? No. The Blocknet Foundation keeps the coins to fund development. No coins are dumped. This is in the FAQ under the OP. Are the coins held in escrow...or will they be sold off slowly over time? They will not be sold off at all. They will be used to pay for development. We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds. Isnt that a contradiction? If you hold the coins how can you pay devolopment? Btw. will all code regarding blocknet be open source? Because as far as i see XCurrency is closed source? From what I've read the XBridge tech will be open sourced. Yes the XBridge protocol will be open source. As for selling off coins: it's not a contradiction. - We're not selling off coins - We're paying developers with them. This doesn't require selling them, it just requires paying developers with them. <---doesn't say the dev's are not dumping!So we're not selling off coins. There will be no dumping of coins. |
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