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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1101612 times)
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ib88
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November 05, 2014, 01:23:38 PM
 #3321



I did invested and now I am looking forward for refund, because I expected ANY proof that Blocknet is legit, but all I get was slimy FUD campaign.

You should at least be honest - the fact that You removed this prediction does not mean it was not there before. Anyway, I can´t see any benefit in blocknet, as there already are few other players, including sidechains, which probably win.


Spare me the bullshit.
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November 05, 2014, 01:29:17 PM
 #3322


Bumping for an answer..

maannn, we have to listen to two more days of fud..


This was the reason I brought up the question about refunds.  I still hold my BLOCK from the exchange and haven't sold any on Polo.  But those that have would be SOL.  What would happen to those participating coins that Coingateway holds that can't be returned because of this?  They hopefully wouldn't be put on the market to exchange for BTC because that could kill the coins.  Would the unclaimed coins be destroyed?

And what if you have a situation where someone that exchanged a participating coin for BLOCK on coingateway, instead of getting those coins back, goes to POLO and exchanges the BLOCK for BTC at the 25k buy wall?  There really is no way to control this.

And as a final note like you said, if it doesn't get funded, then all those that sold at a loss will take the loss.  Those that bought at the discounted prices will now actually make some off those purchases because they will be selling into a buy wall on POLO.  ALL OF THIS IS THEORETICALLY SPEAKING OF COURSE.

This is getting funded, but just wanted to cover the what ifs.

When it comes to refunds using any altcoins that aren't claimed on CoinGateway, we could just put up sell walls on exchanges.

This wouldn't crash the price of any alt. It would just offer refunds for the same price coins were sold at.

We'd break even (minus fees), and market cap would be restored to the altcoins.

Anyone who traded BLOCK in the interim and either profited or lost is responsible for their trading decisions. Sounds fair to me. It's a zero-sum game after all.


Yep. I agree. If you traded blocks you take the risk of not getting square in the end. However, if you bought under 25, well done if you can sell off at 25 on the wall. Always in crypto ways to profit in trading, but someone always has to lose. Keep that in mind.

Ok, fair enough..
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November 05, 2014, 01:30:33 PM
 #3323

2 hours after ICO ends and there is still no buy wall on Bittrex..
DUDE
ICO isn't over yet
Get your time-zone straight  Wink

Quote
Bittrex will be hosting the Blocknet ITO. As a reminder, we are providing escrow for the development team. We are not endorsing this coin or any others on our exchange. Please do your own research before trading. Below are the FULL and DEFINITIVE terms for this ITO; no other conditions are required.

* We will review the wallet before initially adding it.
* Bittrex will host 3,400,000.00 of 10,000,000 total coins at a price of 0.00025 the ITO will value 2500 BTC across all exchanges.
* The ITO will run for 7 days beginning October 29, 2014 at 5am PDT and ending on November 5th 23:59:59 PDT
* The ITO must raise 850 BTC total across all exchanges to be considered a success.
* If success conditions are NOT met, all BTC invested will be refunded through a buy wall.
* Once the ITO is over we will verify there is working wallet, blockchain, and block explorer.
* ITO payment will be in a lump sum to Blocknet within 7 days after the ITO ends.
* No trading of the coin will be allowed until the ITO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ITO, you are agreeing to the above terms.

18hr from now
Oh my bad, I thought that 7 days mean 7 days (as every ordinary ppl), not 7 days and few hours.

Why do you care so much about the timeframe? you haven't even invested.

Quote
In the end, however, I am not worried. It is my contention that superior technology will always win, and that the long term market will always choose the strongest competitor. Crypto is a vibrant and exciting world, we all need to remember to keep pushing the boundaries of what is possible daily.
Well... remember Betamax? Anyway I am quite sure that Blocknet is driven by bunch of pumpsters, maybe as last attempt to squeeze final drops from dying crap coins.

I did invested and now I am looking forward for refund, because I expected ANY proof that Blocknet is legit, but all I get was slimy FUD campaign.


Spare me the bullshit.

gr8.this faq predicts 900% gains.cant take that seriously.sorry but that was Too Bolt.

Huh? No it does not predict 900% gains. What FAQ are you looking at?

This is the FAQ: https://bitcointalk.org/index.php?topic=829576.msg9269808#msg9269808

You should at least be honest - the fact that You removed this prediction does not mean it was not there before. Anyway, I can´t see any benefit in blocknet, as there already are few other players, including sidechains, which probably win.
Does not mean that I should not spend few coins to buy few blocks, for "what if" case. And I was right, so now I am looking forward to dump my 3k blocks. Anyway Your time is probably worthless, if You can spend it to dig in my history.. I am sorry for You.

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
BitcoiNaked
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November 05, 2014, 01:57:58 PM
 #3324

What stops those who have bought for cheap at poloniex, to send their block to bittrex now and sell at 0.00025 on the buy wall ?
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November 05, 2014, 01:58:48 PM
 #3325

What stops those who have bought for cheap at poloniex, to send their block to bittrex now and sell at 0.00025 ?
Bittrex won´t allow deposits for the time the buy wall is set.

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
4theLOVEofCrypto
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November 05, 2014, 01:58:59 PM
 #3326

What stops those who have bought for cheap at poloniex, to send their block to bittrex now and sell at 0.00025 ?

Bittrex deposits and withdrawals are disabled, so you can't.  Bittrex money stays in Bittrex.
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November 05, 2014, 02:01:54 PM
 #3327


SEND THIS TO OTHER CRYPTO NEWS SITES NOW!




CryptoArticles: A Chronology of the smear campaign against the Blocknet


http://www.cryptoarticles.com/crypto-news/chronology-of-the-smear-campaign-against-the-blocknet




KEEP REPOSTING THIS IN THE THREAD.
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November 05, 2014, 02:06:20 PM
 #3328

Quote
Well... remember Betamax? Anyway I am quite sure that Blocknet is driven by bunch of pumpsters, maybe as last attempt to squeeze final drops from dying crap coins.

I did invested and now I am looking forward for refund, because I expected ANY proof that Blocknet is legit, but all I get was slimy FUD campaign.


Spare me the bullshit.

You should at least be honest - the fact that You removed this prediction does not mean it was not there before. Anyway, I can´t see any benefit in blocknet, as there already are few other players, including sidechains, which probably win.
Does not mean that I should not spend few coins to buy few blocks, for "what if" case. And I was right, so now I am looking forward to dump my 3k blocks. Anyway Your time is probably worthless, if You can spend it to dig in my history.. I am sorry for You.

Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
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November 05, 2014, 02:07:13 PM
 #3329

Haha! I said the Fud storm would be back hard today!

So desperate!

XChat XJkVnYD4N4oSjNStgbAUD6UyWuBTWuMRgv
public key  fuYPYmK4Sj57PkU2NKg1gKW91euMKkstQPeeexUcxnb8
Levole11
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November 05, 2014, 02:14:18 PM
 #3330

Haha! I said the Fud storm would be back hard today!

So desperate!

yep, there's no other word for it..
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November 05, 2014, 02:17:35 PM
 #3331

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.


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November 05, 2014, 02:20:10 PM
 #3332

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



I just noticed. Why did you do that before the finish of the ITO?

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synechist
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November 05, 2014, 02:27:29 PM
 #3333

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



I just noticed. Why did you do that before the finish of the ITO?

Because:
- open trading is enabled on Poloniex
- BLOCK is still available on the other exchanges, so removing the sell wall on Polo does not make BLOCK unavailable, it just limits the amount of coins that are freely tradable.

Additional points to ponder:
- removing the sell wall will allow the market to stabilise before the end of the ITO.
- selling below the ITO price on Poloniex makes no sense, because if the ITO doesn't make its minimum amount then refunds will be given at the price BLOCK was bought at.

Co-Founder, the Blocknet
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November 05, 2014, 02:33:09 PM
 #3334

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
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November 05, 2014, 02:38:29 PM
 #3335

Just to let you all know that we've pulled the sell wall from Poloniex.

BLOCK will be available from Bter and Bittrex until the close of the ITO, at which point the 48 hour optional refund period begins on Bittrex.



Wait, Double-Rainbow?

"Give me fuel, give me FIBRE, give me that which I desire."
https://twitter.com/whitenotwright
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November 05, 2014, 02:42:26 PM
 #3336

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
About 200 BTC, but I expect many ppl will sell into buy wall after this FUD madness (including me)

Quote
Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
That was 9 days ago, lightyears away in crypto. I changed my mind, but in bad way. And furthermre, I invest just change what does not mean anything to me.

Don´t deal with crappy shitcoins and stop wasting electricity
Support real science instead
[/url]
infinitechaos
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November 05, 2014, 02:45:25 PM
 #3337

For anyone still wondering about Dan's ability to code, I have had a private discussion with Xander Shepard recently. He does the Linux builds for XC and is listed on the XC team roster on the official website.

He has seen the private github repository and has verified with me that Dan makes very regular commits and that he is indeed a skilled coder with the experience he says he has.

I just wanted to help clarify this matter.


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November 05, 2014, 02:48:47 PM
 #3338

CryptoPolice, you are banned.

Do not post here again.


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November 05, 2014, 02:49:52 PM
 #3339

youngmike is a parasite.  Just wanted to get that out there.

Alright.

So the sell wall that was pulled from Polo was 312 BTC.  There's 527 BTC on Bter, and another 550 BTC on Trex.  That's a total of 1389 BTC of available BLOCK.

That means currently with the Coingateway coin exchange program, the NHZ for BLOCK exchange, and BTC gathered it's a total of 1,111 BTC of BlockNet sold.  Minimum needed for the project to go ahead is 850 BTC.

Anyone know how many BLOCK have been sold on Bittrex?
About 200 BTC, but I expect many ppl will sell into buy wall after this FUD madness (including me)

Quote
Haha you're comedy gold! You invest in something you perceive to have no benefit. Good luck with that investment strategy buddy! And as for wasting time, you're the one wasting your time in a thread where you have no vested interest except to troll.
That was 9 days ago, lightyears away in crypto. I changed my mind, but in bad way. And furthermre, I invest just change what does not mean anything to me.

300 BTC worth of BLOCK has been sold on Bittrex.

The sell wall was at 850 BTC when the ITO started, and it is at 550 BTC now.

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November 05, 2014, 02:52:34 PM
 #3340

Bittrex started with 850 BTC.  How much did Polo and BTER start with?
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