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

[onealfa]

I see plenty of Bittrex investors buying on Poloniex at sub-ITO price, then selling an equivalent amount of their captive BLOCK into the Bittrex buywall. Cross-exchange arbitrage.

I believe deposits and withdrawals are closed during this 48 hour so you can't arbitrage.

Yes I CAN.
Withdraw is closed for Bloks, not bitcoins
I can sell all my block's on bittrex, then imediatelly I CAN withdraw all  received BTC's right into poloniex, and easy re-buy about +10% more bloks on poloniex. Why do you think I can't ?

[sysco32]

I don't foresee any problem with buybacks bringing the invested BTC below the go-ahead threshold.

It should be fairly simple to create another mini-ITO using BTC at potentially a slightly discounted price on CoinGateway (since presumably they're still set up for it), to make up the shortfall.

Or revise the go-ahead threshold downward.

Or make up the shortfall in a private deal with a single angel investor.

My point is, there are several ways to ensure the continuation of the project while still honouring its initial rules.

I was thinking the same.I don't see the point to stop this project,while there are several of us who wants this to succeed.There is always a way to make it happen.

In other words, both of you believe the continuation of changing the rules set by the coin itself until it works is a perfectly fine business model.
Bravo.

What about those who have pulled back the curtain and do not like what they see?

We are not talking about the business model,don't go on sidetrack here.What we are saying is that in case we don't reach the 850BTC amount,it should not be an obstacle to stop the project.

For the person who doesn't like what they see,there is always an option to trade it back i think.Even with a small loss,but it is possible./Always have to count with a loss even in the real world/

[mxxxxxx]

I see plenty of Bittrex investors buying on Poloniex at sub-ITO price, then selling an equivalent amount of their captive BLOCK into the Bittrex buywall. Cross-exchange arbitrage.

I believe deposits and withdrawals are closed during this 48 hour so you can't arbitrage.

what he means is, they buy the same amount of btc on polo as they did on trex and then get rid of their trex stach and keep the polo stach

If they can withdraw bitcoins after selling blocks this is compleatly feasable and disgusting.

as we can see they are more interested in buying and selling at once as you noticed earlier

the question is when they run out of tokens

[TheBlocknet]

Oh what will I do with all of this BTC?!?!

[Specialkey]

Round about 80 BTC have been refunded. Hope the guy which mentioned that 1150 BTC had been invested, had counted right.

Hope this fudsters will stop their childish panic sells.

[xojex]

I see plenty of Bittrex investors buying on Poloniex at sub-ITO price, then selling an equivalent amount of their captive BLOCK into the Bittrex buywall. Cross-exchange arbitrage.

I believe deposits and withdrawals are closed during this 48 hour so you can't arbitrage.

Yes I CAN.
Withdraw is closed for Bloks, not bitcoins
I can sell all my block's on bittrex, then imediatelly I CAN withdraw all  received BTC's right into poloniex, and easy re-buy about +10% more bloks on poloniex. Why do you think I can't ?

But in doing so, there is risk the project fails to reach the funding goal. Those Blocks selling under .00025 came from coingateway, not polo. The new owner wouldn't have the TX history with coingateway, so they would not receive a refund from them. So they would be left holding a bag if they can't refund them with polo.

[WhiteNotWright]

I don't foresee any problem with buybacks bringing the invested BTC below the go-ahead threshold.

It should be fairly simple to create another mini-ITO using BTC at potentially a slightly discounted price on CoinGateway (since presumably they're still set up for it), to make up the shortfall.

Or revise the go-ahead threshold downward.

Or make up the shortfall in a private deal with a single angel investor.

My point is, there are several ways to ensure the continuation of the project while still honouring its initial rules.

A lot of us agree and there will remain great value to this project regardless of the buy-back. Most are wanting a reduction in supply so there really are multiple ways to look at this entire landscape. I think the DEV's will get the funds they need and the folks that stay in will have a nice investment.

[cryptico]

I see plenty of Bittrex investors buying on Poloniex at sub-ITO price, then selling an equivalent amount of their captive BLOCK into the Bittrex buywall. Cross-exchange arbitrage.

I believe deposits and withdrawals are closed during this 48 hour so you can't arbitrage.

what he means is, they buy the same amount of btc on polo as they did on trex and then get rid of their trex stach and keep the polo stach

If they can withdraw bitcoins after selling blocks this is compleatly feasable and disgusting.

as we can see they are more interested in buying and selling at once as you noticed earlier

the question is when they run out of tokens

Well now that we can see it please DO SOMETHING. You and Synechist reach out to Bittrex and ask to stop the trading Now!.

This is completly against ITO rules and trading should not be allowed during the refund period. we cannot even check for real how many bitcoins have been sold as they are adding buys at 0.00025.

Please reach out to them and let them address this issue.

[cryptico]

wasn't leewilson banned from this thread??

[leewilson]

I don't foresee any problem with buybacks bringing the invested BTC below the go-ahead threshold.

It should be fairly simple to create another mini-ITO using BTC at potentially a slightly discounted price on CoinGateway (since presumably they're still set up for it), to make up the shortfall.

Or revise the go-ahead threshold downward.

Or make up the shortfall in a private deal with a single angel investor.

My point is, there are several ways to ensure the continuation of the project while still honouring its initial rules.

I was thinking the same.I don't see the point to stop this project,while there are several of us who wants this to succeed.There is always a way to make it happen.

In other words, both of you believe the continuation of changing the rules set by the coin itself until it works is a perfectly fine business model.
Bravo.

What about those who have pulled back the curtain and do not like what they see?

We are not talking about the business model,don't go on sidetrack here.What we are saying is that in case we don't reach the 850BTC amount,it should not be an obstacle to stop the project.

For the person who doesn't like what they see,there is always an option to trade it back i think.Even with a small loss,but it is possible./Always have to count with a loss even in the real world/

I am not sidetracking, you on the other hand are. This is everything about the business model. You are recommending that the ito be changed in order to force the continuation of the project if need be. And to those that wanted out you are telling to eat a loss. Why can't you eat the loss? and stop thinking the rules should be changed to suit your opinion for the day.

[xrobesx]

wasn't leewilson banned from this thread??

i'm pretty sure he was

[4theLOVEofCrypto]

Hopefully a large investor that believes in the project does come along and sets a very large wall at 0.00025001, which results in a jubilant rejoice as BlockNet ITO succeeds it's funding minimum.

If I had the funds, I'd do it.  But alas, I'm just a small fish. 

Do it....you know you want to.  Save the future of crypto!

Sorry, had multiple conversations with myself at the same time.

[leewilson]

wasn't leewilson banned from this thread??

Not that I was made aware of.

You seem to be afraid of the real questions and just want to gloss anything over that is unpleasant, like a used car salesman.

Stop being afraid of the truth so much so that you are willing to lie, cheat and steal from others to make yourself "right".

"Very superstitious, writings on the wall,
Very superstitious, ladders bout' to fall..."

"When you believe in things that you don't understand
Then you suffer..."

-Stevie Wonder
https://www.youtube.com/watch?v=wDZFf0pm0SE

[Longenecker]

Yea, this refund is pretty messed up.  With even 1 BTC you can many times over buy at 0.000252 and sell at 0.00025, rinse and repeat and completely mess up the numbers.  It is not an accurate reflection of people who truly want refunds.  

This entire ITO is botched, especially with Poloniex open trading...

[caex]

apparently a few people on this forum are very concerned that this project did not come to fruition

[MEED]

wasn't leewilson banned from this thread??

i'm pretty sure he was

is there a way to ban person from a thread? Never heard about it...
So ho shouldn't be able to even post here if he's banned?

[mr_random]

If you're wondering who unicornfarts was (one of the most prolific Block trolls), of course it turns out he was none other than a sockpuppet account for long time XC troll rdnkjdi



And danisdone was him too. I wonder how many other of these trolls accounts that have popped up are created by rdnkjdi.

Such actions would be illegal in a regulated market.

[JakeThePanda]

Yea, this refund is pretty messed up.  With even 1 BTC you can many times over buy at 0.000252 and sell at 0.00025, rinse and repeat and completely mess up the numbers.  It is not an accurate reflection of people who truly want refunds.  

This entire ITO is botched, especially with Poloniex open trading...

But that's not what's happening.  Most of the orders are sells with very few buys.

[mr_random]

wasn't leewilson banned from this thread??

i'm pretty sure he was

is there a way to ban person from a thread? Never heard about it...
So ho shouldn't be able to even post here if he's banned?

It's a site rule that if the person who created a self moderated topic asks someone to leave the topic and they don't leave that they will get banned by the site admin.

So whilst there is nothing literally stopping them from continue to post, they run the risk of being site banned.

[G-Bert]

Hopefully a large investor that believes in the project does come along and sets a very large wall at 0.00025001, which results in a jubilant rejoice as BlockNet ITO succeeds it's funding minimum.

If I had the funds, I'd do it.  But alas, I'm just a small fish. 

Do it....you know you want to.  Save the future of crypto!

Sorry, had multiple conversations with myself at the same time.

I heard somewhere Prometheus had some clout.