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

[Revelation]

This is not about you, you are giving yourself too much importance. I was just saying how my warning that buy wall @ 0.0025 BTC was the last chance for people to get the most for their money was received. Look at it now, they can get 30% more for the same amount of BTC, and when I warned it's obvious this will happen you and ton of others just buried it under claims it's not true because it didn't fit your interests. I'm writing this not to "slander you", but to make people think for themselves, not to trust claims from people whose position is not necessarily the same as their position.

Your statements make absolutely no sense at all. People had chance to purchase at that price and most did in order to meet the goal. Don't think for a minute that we did not plan on trolls like you helping the weak investor dump lower than the 10% and getting even more coins at a lower price. Keep talking shit, but this project is going forward with you with out you so your trolls have both positive and negative effects. Pro tip: do your homework and learn how trading works. I'm not impressed. Again, "Mess with the Bull, you get the Horns".

Next time I go where it really hurts ;0

The beauty about trading is that at any instant we can see whether or not someone made the right investment decision. If your current position is losing money that clearly was a bad investment decision. Don't teach others "how trading works" - it is pure and simple. If you are in red it means you made a bad investment decision. Period.

[Hash72]

This:



Stay strong and hodl! At the end You will be rewarded!

it is only a matter of time..

[Revelation]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

You have to be kidding, right? It is not ethical to quote illiquid market for the price. Bter is irrelevant market, and even there it is not possible to sell at a profit.

[synechist]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

You have to be kidding, right? It is not ethical to quote illiquid market for the price. Bter is irrelevant market, and even there it is not possible to sell at a profit.

Did you willingly ignore the following?

Not that this is advice, but, uh, buy on Bittrex and sell on Bter?

Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread.

[Levole11]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

You have to be kidding, right? It is not ethical to quote illiquid market for the price. Bter is irrelevant market, and even there it is not possible to sell at a profit.

Fudders talking about ethics.. the irony..

[WhiteNotWright]

Did not you get banned for spreading lies already?

[Levole11]

wrent you leaving this forum Spoetnik? arent you a man of your word? You want to be remembered as the man who didnt stick to his word?

[synechist]

The beauty about trading is that at any instant we can see whether or not someone made the right investment decision. If your current position is losing money that clearly was a bad investment decision. Don't teach others "how trading works" - it is pure and simple. If you are in red it means you made a bad investment decision. Period.

You're quite wrong about this.

Taking a position is a function of liquidity and position size.

The lower the liquidity and the larger the position, the higher the likelihood of a short-term loss.

So a sound investment could necessitate making an initial loss.

Therefore it's incorrect that "at any instant we can see whether or not someone made the right investment decision."

I'd suggest that since your advice is to hold off from giving advice if your position is in the red, you hold off from offering advice on investing.

[synechist]

Oh hi Spoetnik.

You're banned.

Bye.

[dan7777777]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

[synechist]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

[dan7777777]

Will the blocknet be helpful in any way to count this:

http://armstrongeconomics.com/2014/11/12/obama-wants-to-now-fully-regulate-the-internet-as-a-public-utility/

I'm not sure, but Mr. Obama would be mistaken if he were to think that the internet fell under US jurisdiction.

It's a continual source of bafflement to me that US institutions so often appear unaware of their merely national authority.

I am in the UK and they just block sites instead.

[Revelation]

wow price of Block has dropped a lot. Im glad I got my refund. So whats going on here guys? Cliff notes  

We Won. Next question?

You've not answered my question. I asked for cliff's..

synechist?

It's up 55% from the ITO price on Bter.

You have to be kidding, right? It is not ethical to quote illiquid market for the price. Bter is irrelevant market, and even there it is not possible to sell at a profit.

Did you willingly ignore the following?

Not that this is advice, but, uh, buy on Bittrex and sell on Bter?

Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread.

Using the illiquid market to make a claim that the price is high is not ethical. There is no price divergence between Bter and Bittrex simply because there is no active market on Bter. Market with 100% spread and 0.3 BTC daily volume cannot be used for any comparison. At best, you should be using the mid-point price and not the highest of the two.

[Revelation]

The beauty about trading is that at any instant we can see whether or not someone made the right investment decision. If your current position is losing money that clearly was a bad investment decision. Don't teach others "how trading works" - it is pure and simple. If you are in red it means you made a bad investment decision. Period.

You're quite wrong about this.

Taking a position is a function of liquidity and position size.

The lower the liquidity and the larger the position, the higher the likelihood of a short-term loss.

So a sound investment could necessitate making an initial loss.

Therefore it's incorrect that "at any instant we can see whether or not someone made the right investment decision."

I'd suggest that since your advice is to hold off from giving advice if your position is in the red, you hold off from offering advice on investing.

I am not making any advices if you read carefully. I am claiming that market price offers very easy way to measure whether an investment is good or not. I didn't discuss how to build a position, I am saying that how good a position is can be measured by looking at the market price.
The bigger the position relative to the market liquidity the bigger the discount one should take relative to the market price in order to take into account the potential price impact from exiting one's position. Therefore, measuring current position by using current market price gives a positive bias.

[synechist]

Using the illiquid market to make a claim that the price is high is not ethical. There is no price divergence between Bter and Bittrex simply because there is no active market on Bter. Market with 100% spread and 0.3 BTC daily volume cannot be used for any comparison. At best, you should be using the mid-point price and not the highest of the two.

"not ethical"
- you have yet to respond with a reason for why you think this, on that FUD thread.

Until you do so, I'm unwilling to continue discussing this with you, because the discussion lacks a basis for your central claim.

Go and reply to me on the FUD thread.

//
Your recommendation that "At best, (I) should be using the mid-point price and not the highest of the two" is roughly equivalent to this statement of mine: "Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread."

Are you willingly ignoring my words again? It appears that you're making an effort to spin my statements into a negative light by quoting only part of them and then interpreting that part askew.

This, Revelation, is slander. Carry on like this and you'll get a ban.

[WhiteNotWright]

It's funny how all the trolls show up at the same time and with the same general premise, to attempt to discredit this project. Obviously it has legs, that much is clear.

[reRaise]

Blocknet will thrive to top 10, i like this concept

[Revelation]

Using the illiquid market to make a claim that the price is high is not ethical. There is no price divergence between Bter and Bittrex simply because there is no active market on Bter. Market with 100% spread and 0.3 BTC daily volume cannot be used for any comparison. At best, you should be using the mid-point price and not the highest of the two.

"not ethical"
- you have yet to respond with a reason for why you think this, on that FUD thread.

Until you do so, I'm unwilling to continue discussing this with you, because the discussion lacks a basis for your central claim.

Go and reply to me on the FUD thread.

//
Your recommendation that "At best, (I) should be using the mid-point price and not the highest of the two" is roughly equivalent to this statement of mine: "Low liquidity. Prices diverge. It means neither a drop nor a rise if it's within the cross-exchange spread."

Are you willingly ignoring my words again? It appears that you're making an effort to spin my statements into a negative light by quoting only part of them and then interpreting that part askew.

This, Revelation, is slander. Carry on like this and you'll get a ban.

Word ethical that I was using is probably too soft. Suppose that there is a court case (e.g. taxes) and one of the input parameters in the case is the market price of BLOCK. It is not legal (moreover it is not ethical) to use the ask price on the most illiquid market to defend the claim that the market price is 38k. You could go with the most liquid market or the volume-weighted average across different trading venues.

ps I am not talking about the project, my statements are about synechist claims

[synechist]

It's funny how all the trolls show up at the same time and with the same general premise, too attempt to discredit this project. Obviously it has legs, that much is clear.

Yes, the timing is interesting.

As is the fact that some of the people involved in the smear campaign were using multiple accounts to make it appear to have more collective opinion behind it (eg. DanIsDone, Unicornfarts and rdnkjdi: same person).

Thanks, fudsters. A co-ordinated attack is a good sign that the FUD is organised, somewhat centralised, and not a grassroots phenomenon.

[synechist]

It is not legal (moreover it is not ethical) to use the ask price on the most illiquid market to defend the claim that the market price is 38k.

Here's the point: I did not claim that the market price is 38k.

That post was in response to another claim that the price was 18k or something.
My statement was purely drawing attention to the spread, in order to assert that due to illiquidity, it's incorrect to straightforwardly quote the price on Polo and thereby assert that the market has dropped.

So I did not claim the price was 38k, I claimed that another person's claim that the market was dumping was incorrect, due to him not having taken illiquidity into account.


But do you see what you're doing? You're taking my statements out of context and then misinterpreting them in order to support your as-yet-unfounded claim that I'm unethical.