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

[cryptico]

Thank you

"-   Burn of unsold BLOCK on Bter: pending.

-   Burn of unsold BLOCK on CoinGateway: pending."

Those two still pending?

No

Cool where do you see that?

Edit: Are those Bter and coingateway ones?

23b7f2b6e1f02819fa29a9aba30ad63bd20f047c58ef6146198894b3ff7fb9c9

9539e0605b67ee56adcdd37cdc886fc40a3a47ee5930118a29f5db0a106b2a5f

5497182e246837fef390f597e24681b2fab093e83d845d4674985e897572e9ac

c761531d2e81761a172c547251721826317649b681534bc8764fd4d4dbf2f2e8

fe510efba90309b2d4226b141c26f8fef52e64e9432ca4b954d4214d7df3dfe7

4eb87e75bf8b3ba49d920d3f4822493dc5be50f00a844b121dad05937f0163f4

PS: did you get back in with block?

I will confirm which entities made those transactions once Dan is awake.

Thank you SR member

[synechist]

Thank you SR member

Oh, nice! I hadn't noticed.

Thanks :-)

[4theLOVEofCrypto]

Dev is not fair. I just said "BLOCK is failling". Then my post was deleted after.

If buy support 200001 5.9btc on bittrex successful, then price is 3k today. Tomorow is 100 sat.

I has warning some day before this happend. But no body hear me.

I'm right when i said about IBG, EQX, GLOW, LKXN, LSD... but all post was deleted when dev wake up.

I guarantee with 100% certainty that BLOCk will never see 100 sat.  There are too many people here that would buy up every last one before that happened.  This initial low is due to those thinking they could flip this for a quick profit.  Sorry to disappoint, but those here for the long haul will support this project.

[laredo7mm]

I guarantee with 100% certainty that BLOCk will never see 100 sat....

Ahaha...I can guarantee with 100% certainty that you can not guarantee with 100% certainty that BLOCk will never see 100 sat...

[cryptico]

Thank you SR member

Oh, nice! I hadn't noticed.

Thanks :-)

When can you add the Image to your profile?

[4theLOVEofCrypto]

I guarantee with 100% certainty that BLOCk will never see 100 sat....

Ahaha...I can guarantee with 100% certainty that you can not guarantee with 100% certainty that BLOCk will never see 100 sat...

Whoa.  Trying to wrap my head around that one.

[ndrog]

No one can guarantee the price, whether it goes up or down.
*IMO- The only thing traders can do (who are currently trading Block) Is at least have a general consensus (amongst the holders) and sell if possible @ i.e.$ 0.50 cents a piece.  I know its a free market and you cannot control who sells what and at what price.
At least if there is a coalition amongst block traders, we can get the price up to a respectable amount (stand our ground).  * This in a matter of weeks

[WhiteNotWright]

Let me get this straight, you buy coins for 2500 and sell them cheaper? I think this explains a lot of the butthurt comments that have been here as of late.

[RoHoss]

I mined / generate Blocks but the network did`t accept this.

What is the reason?

[RoHoss]

Which is the thread for Blocknet in Future?

Or on which website I find news about Blocknet in very good time?

[braxx]

I mined / generate Blocks but the network did`t accept this.

What is the reason?

I just noticed something weird while staking with wallet. Apparently I ''mined a block '' however in the transactions tab it says ''Generated but not accepted mined''
Is it possible to have orphan blocks in POS?
PS. I have been staking normally the past week, just noticed the instance a few mins ago.

Yes you get orphaned blocks in PoS.

It's an analogous situation to PoW: part of the network accepts one version of the chain, and your newly mined (and un-matured) block is on another version. Naturally, the network syncs up and your block is left orphaned.

[richwang]

Thank you

"-   Burn of unsold BLOCK on Bter: pending.

-   Burn of unsold BLOCK on CoinGateway: pending."

Those two still pending?

No

Cool where do you see that?

Edit: Are those Bter and coingateway ones?

23b7f2b6e1f02819fa29a9aba30ad63bd20f047c58ef6146198894b3ff7fb9c9

9539e0605b67ee56adcdd37cdc886fc40a3a47ee5930118a29f5db0a106b2a5f

5497182e246837fef390f597e24681b2fab093e83d845d4674985e897572e9ac

c761531d2e81761a172c547251721826317649b681534bc8764fd4d4dbf2f2e8

fe510efba90309b2d4226b141c26f8fef52e64e9432ca4b954d4214d7df3dfe7

4eb87e75bf8b3ba49d920d3f4822493dc5be50f00a844b121dad05937f0163f4

PS: did you get back in with block?

burnt 63% of Block?

[mr_random]

Dev never have any projects. Him just make money via ICO buy block shitcoin. Please look at exchange, price now is 16k. It will get trap in 5k sat. 100 sat is future (1 day no more).

A question for dev.
What's coin maked use for?
P/s My post will be deleted buy dev soon.

Lol the irony. You're a Util supporter and you're bashing Dan.

You need to check the recent Util announcements and see what Dan's new Util role is (hint: he basically saved your coin).

[ib88]

A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.

[Stinky_Pete]

I don't think the 'dev' is the same person who is deleting your posts. So there is no problem about him having 'nothing better to do'

[Stinky_Pete]

A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.

Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.

[synechist]

nigttran: banned.

Don't come here and beat us up with your opinions.

If you like, go and create a newbie account, come back here, and respect the community more.

Reading this might help: https://bitcointalk.org/index.php?topic=829576.msg9304090#msg9304090

[mxxxxxx]

A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.

Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.

I've been reading up on the Blocknet, and I'm glad the ITO was successful! However I am having difficulty understanding exactly how I would get paid as a BLOCK token owner (I don't currently own any BLOCK, but it looks like I could still buy some from an exchange even though the ITO is over).

From the article:
https://www.cryptocoinsnews.com/blocknet-works-initial-token-offering-rules/

"Once the Blocknet is ready to start paying fees to token-holders, Blocknet tokens may be redeemed for Blocknet assets on the NHZ asset exchange."

^^ I don't really understand this, but I also am not very familiar with NHZ, so please excuse my ignorance.

Does this mean your BLOCK still needs to be exchanged for an NHZ asset (another coin?) for you to get paid for Blocknet fees?

I understand that the Blocknet is not yet a reality, and that in the meantime one can trade BLOCK similar to any other coin. However I am more interested in getting paid for Blocknet services rendered whenever Blocknet is implemented, and I can't seem to find much information on how that works other than the quote above.

Hey hey

Yes, you'll need to redeem your BLOCK for a NHZ asset at the appropriate time in order to earn revenue from Blocknet services.

There will be information on how this will be done once the technology has been developed.

Today there'll be a new OP for this thread and it'll include a timeline so you can get a rough sense for when things will be ready.

Does this mean that our Blocknet token will become then NHZ asset ? or, will we have still Blocknet assets ? Soory, but it is not so clear to me.

Yes, the plan is for NHZ's asset exchange to be the service provider for Blocknet assets.

Thanks synechist as always for the prompt information! I look forward to the new OP with timeline.

Yes, this seems to be different than staking - looking at the NHZ exchange it looks like you can get things like BTSX and PTS, which I also tried to understand and failed (this stuff is complicated!) - but I believe they are something like stock in a company. In the case of Blocknet, I am imagining that these "shares" pay a dividend periodically (which I guess is like staking, come to think of it), but I could be completely wrong.

Yes, Blocknet tokens will be analogous to shares.

The different between them and shares is that the Blocknet is a network (or a DAPP), rather than a company.

Blocknet tokens will, if I'm correct, distribute service provider fees to shareholders relatively directly. This is akin to dividends, but done immediately rather than periodically.

Synechist can you clarify whether staked Block tokens will be allowed to be kept or not?

I vaguely remember something about the staking wallet being meant only for storage.

To the best of my knowledge the BLOCK will be keepable, strictly speaking, but their value will be debatable as they'll no longer be supported by the Blocknet and they won't receive service fees.

I mean, there's probably nothing to stop people just keeping their BLOCK, but you wouldn't want to when it no longer has any development.

[Stinky_Pete]

Thanks mxxxxxx for your reply, but I don't think it answers my question. I understand that eventually all our BLOCK tokens will be converted to something more useful in the NHZ market and that after that time there is no point in keeping them.

But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?

 

[synechist]

Thanks mxxxxxx for your reply, but I don't think it answers my question. I understand that eventually all our BLOCK tokens will be converted to something more useful in the NHZ market and that after that time there is no point in keeping them.

But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?

 

All of them, as far as I know.