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

[BTCMILLIONAIRE]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

[mr_random]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

Please use your brain and think. That page does not represent all the work that is going on.

[BTCMILLIONAIRE]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days  https://github.com/atcsecure/blocknet

Please use your brain and think. That page does not represent all the work that is going on.

Oh you have a link/page where all the work is going on?  dummy

[WhiteNotWright]

I fail to see the logic in this, the team was given btc to develop tech. Not to artificial keep the price over some level you feel it should have.

+1

market manipulation is best left to sovereigns with deep pockets,

Although it is somewhat market manipulation, it's a method most if not all coins use to create the illusion of value. This illusion allows investors to leave the house with the feeling of security knowing their investment is of value (unrealized of course). Now, having said that, we understand the investment was for asset shares off the coin, and thus basically a catalyst for getting to the end result eventually. So although there is intrinsic value to the block trading, the real value is realized through fees (or dividends) through the block and associated coins.

Question: when they start to draw down funds through the escrow for dev, it will be against the block\btc, correct or will they wait until the asset market is in place. I wouldn't mind having some information on how this will work so I know if I should purchase a few more before that time.

[mr_random]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days  https://github.com/atcsecure/blocknet

Please use your brain and think. That page does not represent all the work that is going on.

Oh you have a link/page where all the work is going on?  dummy

Go ahead and explain to me why that github link means Dan and the Blocknet team have done no work for 10 days.

[qawzsx]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

You're just plain stupid. If I'm a coder, I'm supposed to upload every freaking line of code on github as soon as I write it just for your poor greedy ass to see that I'm working all the time?
Gosh, this forum is full of idiots...

[BTCMILLIONAIRE]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

You're just plain stupid. If I'm a coder, I'm supposed to upload every freaking line of code on github as soon as I write it just for your poor greedy ass to see that I'm working all the time?
Gosh, this forum is full of idiots...

u dunno shit about coding biatch 

[qawzsx]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

You're just plain stupid. If I'm a coder, I'm supposed to upload every freaking line of code on github as soon as I write it just for your poor greedy ass to see that I'm working all the time?
Gosh, this forum is full of idiots...

u dunno shit about coding biatch 

  facepalm

[BTCMILLIONAIRE]

what is better, supernet or blocknet? sorry, i understand what crypto currency is, but i am not tech inclined in details level.

One thing to bear in mind is that supernet seems to be a one-man project, blocknet has a team (I think, I've not seen side-by-side comparisons).

"The Team" hasn't done $#!T in over 10 days   https://github.com/atcsecure/blocknet

You're just plain stupid. If I'm a coder, I'm supposed to upload every freaking line of code on github as soon as I write it just for your poor greedy ass to see that I'm working all the time?
Gosh, this forum is full of idiots...

u dunno shit about coding biatch 

  facepalm

that's right smack yourself you deserve it 

[catotune]

It seems to me that it's irrational to want the price of BLOCK to be higher.

BLOCK isn't a normal coin - no one is pushing for it to be accepted by merchants, no one is promoting BLOCK for charity, etc. - it's simply a receipt for supporting the ITO, and its only value is in how many NHZ assets you can exchange it for when Blocknet is a reality.

The price of BLOCK doesn't have any bearing on the project either, unless I'm mistaken; the devs are getting paid from the BTC or other supported altcoins when people paid for BLOCK in the ITO. They aren't getting paid in BLOCK, right? After the ITO, the price of BLOCK could go down to 1 satoshi with no detriment to their development efforts.

Thus, it really seems like we should be hoping for the price of BLOCK to be as low as possible, in order to scoop it up cheaply. The only reason to want the price of BLOCK to be higher is if you want to sell it for profit before Blocknet (which is valid, but I would think most holders are interested in getting paid by Blocknet's NHZ assets; otherwise why not just invest in a normal coin?).

I'm writing this because I don't understand the desire to have the devs put up a buy wall for BLOCK. If the price of BLOCK goes back to ITO price or higher, it doesn't affect the project's funding at all, but it makes it more expensive to acquire BLOCK for users, correct? Let me know if I'm missing anything.

[moonchaser]

It seems that you have a lot of time fuding other threads. Lost all your bitcoin with that VDO ?
Go do some trading and shut the fuck up. Oh! Yeah! Buy some snowballs  

[WhiteNotWright]

I think you were banned for being an idiot, right?

[1millionthofaBTC]

It seems to me that it's irrational to want the price of BLOCK to be higher.

BLOCK isn't a normal coin - no one is pushing for it to be accepted by merchants, no one is promoting BLOCK for charity, etc. - it's simply a receipt for supporting the ITO, and its only value is in how many NHZ assets you can exchange it for when Blocknet is a reality.

The price of BLOCK doesn't have any bearing on the project either, unless I'm mistaken; the devs are getting paid from the BTC or other supported altcoins when people paid for BLOCK in the ITO. They aren't getting paid in BLOCK, right? After the ITO, the price of BLOCK could go down to 1 satoshi with no detriment to their development efforts.

Thus, it really seems like we should be hoping for the price of BLOCK to be as low as possible, in order to scoop it up cheaply. The only reason to want the price of BLOCK to be higher is if you want to sell it for profit before Blocknet (which is valid, but I would think most holders are interested in getting paid by Blocknet's NHZ assets; otherwise why not just invest in a normal coin?).

I'm writing this because I don't understand the desire to have the devs put up a buy wall for BLOCK. If the price of BLOCK goes back to ITO price or higher, it doesn't affect the project's funding at all, but it makes it more expensive to acquire BLOCK for users, correct? Let me know if I'm missing anything.

It is not surprising that people who spend good money on something expect to see the value hold. The long term expectation is for a gain, and even though most people understand that there is a big risk and they could lose their investment, seeing a huge drop in value right at the moment of the IPO completion is disturbing. The current trend in so much crypto for projects to be revealed as scams is always in the back of our minds.

Think of it this way; if it were the stock market the shareholders would be demanding the resignation of the chairman of the company if the stock price declines by a lot; or at least demand an explanation.

I am not trying to undermine trust in the project, I believe in it and hold a good number of the coins as well. But I do feel that it is not unreasonable for people to express concern and request action be taken to demonstrate good faith to respect their contributions to the project.

[synechist]

Evening everyone

I'm off to bed, but for those who've been complaining about the apparent lack of development (and perhaps dumping), I'll offer the following:

Bear in mind that funds absolutely must be transparently spent.

Before funds can be spent, we need a budget, a timeline with milestones at which funds can be released, and a board to vote on spending.

It doesn't take a lot of imagination to guess that this takes a fair bit of work and negotiation to set up - not to mention finding/creating technologies for administrating the process.

For the most part, this is what we've been busy with, and we're excited to show you the results.

Stay tuned for details in the coming week.

(And try not to get duped by trolls.)


Cheers


Arlyn

[BTCMILLIONAIRE]

It seems to me that it's irrational to want the price of BLOCK to be higher.

BLOCK isn't a normal coin - no one is pushing for it to be accepted by merchants, no one is promoting BLOCK for charity, etc. - it's simply a receipt for supporting the ITO, and its only value is in how many NHZ assets you can exchange it for when Blocknet is a reality.

The price of BLOCK doesn't have any bearing on the project either, unless I'm mistaken; the devs are getting paid from the BTC or other supported altcoins when people paid for BLOCK in the ITO. They aren't getting paid in BLOCK, right? After the ITO, the price of BLOCK could go down to 1 satoshi with no detriment to their development efforts.

Thus, it really seems like we should be hoping for the price of BLOCK to be as low as possible, in order to scoop it up cheaply. The only reason to want the price of BLOCK to be higher is if you want to sell it for profit before Blocknet (which is valid, but I would think most holders are interested in getting paid by Blocknet's NHZ assets; otherwise why not just invest in a normal coin?).

I'm writing this because I don't understand the desire to have the devs put up a buy wall for BLOCK. If the price of BLOCK goes back to ITO price or higher, it doesn't affect the project's funding at all, but it makes it more expensive to acquire BLOCK for users, correct? Let me know if I'm missing anything.

It is not surprising that people who spend good money on something expect to see the value hold. The long term expectation is for a gain, and even though most people understand that there is a big risk and they could lose their investment, seeing a huge drop in value right at the moment of the IPO completion is disturbing. The current trend in so much crypto for projects to be revealed as scams is always in the back of our minds.

Think of it this way; if it were the stock market the shareholders would be demanding the resignation of the chairman of the company if the stock price declines by a lot; or at least demand an explanation.

I am not trying to undermine trust in the project, I believe in it and hold a good number of the coins as well. But I do feel that it is not unreasonable for people to express concern and request action be taken to demonstrate good faith to respect their contributions to the project.

Yes....I hope this message gets to the devs. 

[starblocks]

(And try not to get duped by trolls.)

Sound advice

[racer2012]

Evening everyone

I'm off to bed, but for those who've been complaining about the apparent lack of development (and perhaps dumping), I'll offer the following:

Bear in mind that funds absolutely must be transparently spent.

Before funds can be spent, we need a budget, a timeline with milestones at which funds can be released, and a board to vote on spending.

It doesn't take a lot of imagination to guess that this takes a fair bit of work and negotiation to set up - not to mention finding/creating technologies for administrating the process.

For the most part, this is what we've been busy with, and we're excited to show you the results.

Stay tuned for details in the coming week.

(And try not to get duped by trolls.)


Cheers


Arlyn

Well Said +1000

[Revelation]

Evening everyone

I'm off to bed, but for those who've been complaining about the apparent lack of development (and perhaps dumping), I'll offer the following:

Bear in mind that funds absolutely must be transparently spent.

Before funds can be spent, we need a budget, a timeline with milestones at which funds can be released, and a board to vote on spending.

It doesn't take a lot of imagination to guess that this takes a fair bit of work and negotiation to set up - not to mention finding/creating technologies for administrating the process.

For the most part, this is what we've been busy with, and we're excited to show you the results.

Stay tuned for details in the coming week.

(And try not to get duped by trolls.)


Cheers


Arlyn

When you were planning development budget of 850 BTC, bitcoin price was lower. On top of that, you have collected more than what you need to develop the BlockNet. Therefore, you should have excess funds that you could use for the buyback and support the price. Why don't you spend 100 BTC or so on the buyback?

[synechist]

When you were planning development budget of 850 BTC, bitcoin price was lower. On top of that, you have collected more than what you need to develop the BlockNet. Therefore, you should have excess funds that you could use for the buyback and support the price. Why don't you spend 100 BTC or so on the buyback?

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.

Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?

That would immediately stop a lot of complaints.

You believe in your project? Then buy up some of your coins, for cheap.

EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.

It's not a bad idea -  and neither is it a bad idea for the Foundation to be invested in BLOCK.

We'll let you all know if we decide to do this. It makes a degree of sense.



(Hint: might wanna avoid selling at a loss until we respond to this...)

[neo666]

Maybe we all should focus more on promoting, do something for blocknet...suggestions on adding new coins, ideas for blocknet...instead of looking at trex prices all the time...hehe 
You gotta do something for The thing, otherwise The thing won't give you nothing good back
...and, good things comes to those who wait!

synechist
I found this new coin very interesting(my gut maybe wrong, but..), and nice wallet features specially
https://bitcointalk.org/index.php?topic=854299.0
Maybe nice addition to blocknet? Do I have permission to ask for joining, or give them your contact?
Just a thought...
cheers