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

[GCab]

it is not easy to calculate on bittrex cause some fellas set buy orders for 25k satoshi.

That nerves.

Are they stupid or is that tactical?

I guess about 50- 55 BTC refunded on Trex.

From reading previous posts, Bittrex put up a 420 BTC buy wall.  Right now 372 BTC remains, meaning that 48 BTC worth of BLOCK has been refunded.

I'm keeping mine, and will not be taking a refund.  Just waiting on the 48 hours to finish, so I can transfer out of the exchange and add to my wallet.

48 already?!  Thats not good.  How dissapointing.  This project could have been great but looks like its about to be ruined by some f***ing idiot fudders.

The sad thing is that the refund at Bittrex hasn't been set up because of the fud, but because the other exchanges did not enforce the ito rules. But now everybody who changed his mind uses the opportunity to leave.

[1714998152]

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[1714998152]

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[onealfa]

Question:
What stops people on bitrrex that sell for the refund to sell on the wall, buy a bit higher and sell again on the wall if they want to ruin the project?

Pure genius! Why didn't I think of that?  

What do you think people will not hurt this project on a small loss after all the smear campaign arganised here?

First, assuming someone is willing to lose money, why do you think that will hurt the project? They will buy Blocknet then sell to people that are looking to buy it cheap.  I don't see how that will hurt anything.

Because the buy wall will be reduced to the point the project will not meet anymore the minimum

Someone would have to be willing to lose a lot of Bitcoin.  This conversation is moot because it's not going to happen.

A lot???  Dont' be so sure
My calculations show, that to make a 200 BTC worth of BLOCK's  "refunds" back into bittrex buy-wall, all  is needed is to sacrifice only about 15-20 BTC.
That is $5-7K only.  A lot on money for a a TEAM  of SDC bagholders???

If someone wants (& I'm sure we have more then one such person) to make  this ITO fail, all is needed is buy all BLOCKS at higher sell prices, in value about 220 BTC total , and dump all these BLOCKs back into bittrexs wall at 0.00025
At cost of 20BTC lost  -  this ITO can be ruined. I'm not joking, this is serious danger.

Too bad - we see so many BLOCK sellers in the price range of 0.00025001 - 0.00030

Guys, if you want ITO to succeed  - DO NOT sell even one BLOCK until bittrex refunding buy-wall is away.
Just STOP SELLING. AT any price !!!

You will see much better prices in a short time. Just HOLD those 2 days!

P.S.
I was stupid enough to put some sell orders at 27K-29K. Have removed them all now.
Think about it, and do likewise

[4theLOVEofCrypto]

48 already?!  Thats not good.  How dissapointing.  This project could have been great but looks like its about to be ruined by some f***ing idiot fudders.

Actually most people who want a refund probably already refunded (some time zones might still have to wake up). It would be logical to assume refunding will slow down at an exponential rate.

So speculating it is actually looking good. But it is still, of course, speculation and anything can happen.

I hate the fact that we even have the potential of this falling through.  This should be a no-brainer if you are looking for a long-term crypto investment.  Probably not for you if you are a day-trader.

[cryptico]

Question:
What stops people on bitrrex that sell for the refund to sell on the wall, buy a bit higher and sell again on the wall if they want to ruin the project?

Pure genius! Why didn't I think of that?  

What do you think people will not hurt this project on a small loss after all the smear campaign arganised here?

First, assuming someone is willing to lose money, why do you think that will hurt the project? They will buy Blocknet then sell to people that are looking to buy it cheap.  I don't see how that will hurt anything.

Because the buy wall will be reduced to the point the project will not meet anymore the minimum

Someone would have to be willing to lose a lot of Bitcoin.  This conversation is moot because it's not going to happen.

A lot???  Dont' be so sure
My calculations show, that to make a 200 BTC worth of BLOCK's  "refunds" back into bittrex buy-wall, all  is needed is to sacrifice only about 15-20 BTC.
That is $5-7K only.  A lot on money for a a TEAM  of SDC bagholders???

If someone wants (& I'm sure we have more then one such person) to make  this ITO fail, all is needed is buy all BLOCKS at higher sell prices, in value about 220 BTC total , and dump all these BLOCKs back into bittrexs wall at 0.00025
At cost of 20BTC lost  -  this ITO can be ruined. I'm not joking, this is serious danger.

Too bad - we see so many BLOCK sellers in the price range of 0.00025 - 0.00027

Guys, if you want ITO to succeed  - DO NOT sell even one BLOCK until bittrex refunding buy-wall is away.
Just STOP SELLING. AT any price !!!

You will see much better prices in a short time. Just HOLD those 2 days!

Exactly as well you do not take into consideration that they still have a lot of time they can wait till the end of the two days and accumulate blocks this into will maybe be on the verge of success by 20 10 5 or even 1 btc when they see that the buy wall is close enough they can just sell less bloks for a much less loss.

Trading should not be allowed at this time of the into since it is really easy to trick the system to make the into fail even with few bitcoins.....imagine if you are a whale 20 btcs is nothing

[GCab]

@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.

[Specialkey]

Question:
What stops people on bitrrex that sell for the refund to sell on the wall, buy a bit higher and sell again on the wall if they want to ruin the project?

Pure genius! Why didn't I think of that?  

What do you think people will not hurt this project on a small loss after all the smear campaign arganised here?

First, assuming someone is willing to lose money, why do you think that will hurt the project? They will buy Blocknet then sell to people that are looking to buy it cheap.  I don't see how that will hurt anything.

Because the buy wall will be reduced to the point the project will not meet anymore the minimum

Someone would have to be willing to lose a lot of Bitcoin.  This conversation is moot because it's not going to happen.

A lot???  Dont' be so sure
My calculations show, that to make a 200 BTC worth of BLOCK's  "refunds" back into bittrex buy-wall, all  is needed is to sacrifice only about 15-20 BTC.
That is $5-7K only.  A lot on money for a a TEAM  of SDC bagholders???

If someone wants (& I'm sure we have more then one such person) to make  this ITO fail, all is needed is buy all BLOCKS at higher sell prices, in value about 220 BTC total , and dump all these BLOCKs back into bittrexs wall at 0.00025
At cost of 20BTC lost  -  this ITO can be ruined. I'm not joking, this is serious danger.

Too bad - we see so many BLOCK sellers in the price range of 0.00025 - 0.00027

Guys, if you want ITO to succeed  - DO NOT sell even one BLOCK until bittrex refunding buy-wall is away.
Just STOP SELLING. AT any price !!!

You will see much better prices in a short time. Just HOLD those 2 days!
P.S.
I was stupid enough to put some sell orders at 27K-29K. Have removed them now all.
Think about it, and do likewise

Agreed. Good tactical typ for verybody who wants that Block has a chance.

The only point which I hate most is even if Block fails it was a win for the devs.
800 BTC is a big fish and easy money.
These days you must have your eyes wide open.
Dont let me here fool again; but risky as always.

[cryptico]

@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.

If they sell to whale > whale dump> whale get BTC>whale Buy back>whale dump>whale sell>whale dump.

Am I missing something?

The amount of blocks does not change but the Dumps change

[Longenecker]

It's not hard to calculate roughly how much has been directly returned to Bittrex.  

Just take into account the 24 hour volume.  Right now, it sits at 188 BTC 24 hour volume.  Immediately when the ITO refund started, bittrex had around 125-130 BTC 24 hr volume.

So, around 50-60 BTC has been traded since the refund period started.  Of this 50-60 BTC, about 5-8 BTC was traded at prices above 0.00025.  So, about 45-53 BTC has been sold back directly into the bittrex buy wall at 0.00025.

As for people creating buy orders at 0.00025, well, bittrex bids will be filled first.

So, all we need to get a rough estimate is the 24 hour volume (and to monitor the trades above the buy wall price of 0.00025) and compare with how much we know bittrex sold, roughly 420 BTC.  As of now, I would estimate that about 45-53 BTC has been refunded back to Bittrex, and about 370 BTC of their buy wall remains.

[onealfa]

It's not hard to calculate roughly how much has been directly returned to Bittrex.  

Just take into account the 24 hour volume.  Right now, it sits at 188 BTC 24 hour volume.  Immediately when the ITO refund started, bittrex had around 125-130 BTC 24 hr volume.

So, around 50-60 BTC has been traded since the refund period started.  Of this 50-60 BTC, about 5-8 BTC was traded at prices above 0.00025.  So, about 45-53 BTC has been sold back directly into the bittrex buy wall at 0.00025.

As for people creating buy orders at 0.00025, well, bittrex bids will be filled first.

So, all we need to get a rough estimate is the 24 hour volume (and to monitor the trades above the buy wall price of 0.00025) and compare with how much we know bittrex sold, roughly 420 BTC.  As of now, I would estimate that about 45-53 BTC has been refunded back to Bittrex, and about 370 BTC of their buy wall remains.

Volume figure is maybe not the best indicator. It counts all, not only bittrex's wall
When buy wall was built - it was worth of ~423 BTC. We see it now 367.
So 423-478= ~56BTC returned into the wall, as by this minute

[GCab]

@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.

If they sell to whale > whale dump> whale get BTC>whale Buy back>whale dump>whale sell>whale dump.

Am I missing something?

The amount of blocks does not change but the Dumps change

Thats the point. No new blocks come into the system. Bittrex is not selling anymore and deposits are disabled. And most likly those who are selling at 0.000251 want to be out anyway.

[JakeThePanda]

A lot???  Dont' be so sure
My calculations show, that to make a 200 BTC worth of BLOCK's  "refunds" back into bittrex buy-wall, all  is needed is to sacrifice only about 15-20 BTC.
That is $5-7K only.  A lot on money for a a TEAM  of SDC bagholders???

If someone wants (& I'm sure we have more then one such person) to make  this ITO fail, all is needed is buy all BLOCKS at higher sell prices, in value about 220 BTC total , and dump all these BLOCKs back into bittrexs wall at 0.00025
At cost of 20BTC lost  -  this ITO can be ruined. I'm not joking, this is serious danger.

Too bad - we see so many BLOCK sellers in the price range of 0.00025 - 0.00027

Guys, if you want ITO to succeed  - DO NOT sell even one BLOCK until bittrex refunding buy-wall is away.
Just STOP SELLING. AT any price !!!

You will see much better prices in a short time. Just HOLD those 2 days!

I think your estimate is low.  It's probably closer to 40+btc.  Once people realize someone is buying they won't put the sell orders so close to 25k and eventually there won't be many sellers left.  You may be able to make a good dent though.

[URSAY]

Has there been any discussions about PR changes?

Andreas Antonopoulos has suggested that PR was an issue.  Additionally, the two existing members of the XC Foundation have officially resigned citing PR concerns.  Other community members including myself also have major concerns about PR.  The public and your investors are telling you there is an issue.  Fortunately there are actions you can take which will help remedy the situation and return confidence to your organizations.  Making changes is vital and I look forward to seeing the actions you take to ensure that XC and BlockNet are considered reputable and respectable organizations.

[onealfa]

@onealfa & cryptico
At bittrex only those can sell who bought there before. In the end it makes no difference if they sell into the wall or sell to somebody else who then sells into the wall.

How I see it - the ONLY limitation is that nobody can deposit to bittrex "from outside"
But everyone  can buy from a profit seekers now at higher price (even never purchased even 1 block during official ITO period), and immediately dump into  bittrex wall.
And it will automatically count as a "refunded block", reducing the total number sold in ITO.
Fud'sters will do it again and again, until less the 850 total qty is reached.

GCab, do you thing at bittrex there is some sort of tool or algorithm tracking the "origin" of every BLOCK.
And only those BLOCK's purchased during oficial ITO period  - will count ?
If so - do you have proof of it?

[coinfused.so]

Im so tired of this crap....

[Stinky_Pete]

So I bought coins at Bittrex. How much will people pay me to stop me cashing in as a 'refund'?  

[yampi]

Buy in poloniex, dump on bittrex wall.
LOL

[Specialkey]

is this true that if ICO fails, evreybody gets his money back?

[Stinky_Pete]

is this true that if ICO fails, evreybody gets his money back?

or her money?

[Stinky_Pete]

Buy in poloniex, dump on bittrex wall.
LOL

Can't deposit coins to Bittrex till 48 hrs has elapsed.

[mxxxxxx]

is this true that if ICO fails, evreybody gets his money back?

Just thought I'd repost this so everyone's in the loop.

Click to download.