[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 108.

bamsterdam

sr. member

Activity: 453

Merit: 261

Look Morty magic internet money

Quote from: greyskies on May 21, 2017, 01:24:40 PM

Quote from: ?? on ??

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

wauw serious check my post history I dont try to fud if you checked you would have known. Wasnt informed on the matter and came across it by accident so startled me a bit thats why I posted with a ? All clear now thanks, keep your wrong conclusion based on one post for yourself please

JanDzban

sr. member

Activity: 423

Merit: 250

Quote from: TheAwkwardBrit on May 21, 2017, 06:42:55 PM

Quote from: Irky on May 21, 2017, 06:17:51 PM

Quote from: ttookk on May 21, 2017, 04:46:47 PM

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws…

**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalksearch.org/topic/ann-info-list-of-provably-unspendable-altcoin-addresses-ie-destroy-coins-831042
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6

The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn ------- Irky

I think it will be a good idea to add a link to this information on the front page when they make the new ANN thread.

I think the same, that's very decent post.

TheAwkwardBrit

member

Activity: 106

Merit: 10

Quote from: Irky on May 21, 2017, 06:17:51 PM

Quote from: ttookk on May 21, 2017, 04:46:47 PM

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws…

**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalksearch.org/topic/ann-info-list-of-provably-unspendable-altcoin-addresses-ie-destroy-coins-831042
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6

The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn ------- Irky

I think it will be a good idea to add a link to this information on the front page when they make the new ANN thread.

Irky

newbie

Activity: 29

Merit: 0

Quote from: ttookk on May 21, 2017, 04:46:47 PM

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Ref: https://www.facebook.com/theblocknet/posts/407109672776524

The Blocknet
November 10, 2014 ·

The Blocknet ITO is officially a success!

Bittrex sold 1,015,377.90
Poloniex sold 432,643.16
BTER sold 448,932.40 (est.)
Coingateway sold 1,979,961.97

Est. total BLOCK sold: 3,876,915.43
Estimated total funds raised in BTC: 969.2288575

**Provable destruction of unsold coins**

Unsold BLOCK has been destroyed by being sent to the following unspendable address: https://chainz.cryptoid.info/block/address.dws…

**Burn TX history:**

- Test burn: https://chainz.cryptoid.info/block/tx.dws?31966.htm
- Burn of staked coins: https://chainz.cryptoid.info/block/tx.dws?32461.htm
- Burn of unsold BLOCK on Poloniex: https://chainz.cryptoid.info/block/tx.dws?32564.htm
- Burn of unsold BLOCK on Bittrex: https://chainz.cryptoid.info/block/tx.dws?32615.htm
- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending.

Details on how proof-of-burn works are available here: https://bitcointalksearch.org/topic/ann-info-list-of-provably-unspendable-altcoin-addresses-ie-destroy-coins-831042
The code used for proof-of-burn is here: https://gist.github.com/Earlz/fa942122ce27c90ea9a6

The current wallet version seems to be including burnt coins in the coin supply. Some blockchain explorers will also include the burnt coins. You can expect this to be rectified in due course (at least in the case of the wallet).

------ Hope that helps explain the burn ------- Irky

TheAwkwardBrit

member

Activity: 106

Merit: 10

Quote

This is a good point. There will 100% be profit here. Just be patient an dont be a weak hand.

I shall hold onto every single BLOCK that I can acquire with iron hands, for a year or two at least.

ttookk

hero member

Activity: 994

Merit: 513

Quote from: truxton on May 21, 2017, 05:17:19 PM

Quote from: ttookk on May 21, 2017, 04:46:47 PM

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Devs have been working on this for 2 years unpaid. Those blocks are gone. No way to "unburn" them. Please come and join the slack: https://blocknet.herokuapp.com/

I'm not saying that they are not and if the devs say the money is gone, I believe them. Yet, it is established and good practice to use burn addresses with as many non-random characters as possible, because this means that there is no way of anyone knowing the corresponding private key. Obviously, it's too late and the argument is moot, but my pedanticism (is that a word?) made me react to this Wink

And now, you go get 'em, boys (and girls)! I need that DEX baaaaaad Grin

truxton

hero member

Activity: 771

Merit: 521

Quote from: TheAwkwardBrit on May 21, 2017, 05:16:07 PM

Quote from: JanDzban on May 21, 2017, 04:57:57 PM

Quote from: commenter on May 21, 2017, 04:34:14 PM

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.

Man, why you wrote this twice?

He's just so damn excited that it had to be said twice! Al though I am not wealthy enough to be able to afford to buy enough BLOCK to run a node, I am happy just to get my hands on a few because I think this project will be massive.

This is a good point. There will 100% be profit here. Just be patient an dont be a weak hand.

truxton

hero member

Activity: 771

Merit: 521

Quote from: ttookk on May 21, 2017, 04:46:47 PM

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

Devs have been working on this for 2 years unpaid. Those blocks are gone. No way to "unburn" them. Please come and join the slack: https://blocknet.herokuapp.com/

TheAwkwardBrit

member

Activity: 106

Merit: 10

Quote from: JanDzban on May 21, 2017, 04:57:57 PM

Quote from: commenter on May 21, 2017, 04:34:14 PM

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.

Man, why you wrote this twice?

He's just so damn excited that it had to be said twice! Al though I am not wealthy enough to be able to afford to buy enough BLOCK to run a node, I am happy just to get my hands on a few because I think this project will be massive.

JanDzban

sr. member

Activity: 423

Merit: 250

Quote from: commenter on May 21, 2017, 04:34:14 PM

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.

Man, why you wrote this twice?

commenter

member

Activity: 70

Merit: 10

Quote from: 2012 on May 21, 2017, 04:44:10 PM

Quote from: truxton on May 21, 2017, 05:39:25 AM

$3.72

This is just a beginning of the truly decentralized era it giving chance to people again and again to buy before hard fork. UI is in under development it is ready to get explode. I already secured mine for exchange node and waiting patiently for this great moment.

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganitide and potential of this project.

ttookk

hero member

Activity: 994

Merit: 513

To be fair, they could have made the burn address look like a burn address, instead of generating a random looking address. For example by including "xxxBurnAddressxxx" or whatever in the address. With enough non-random characters, the address itself would be proof enough that nobody holds the key.

Is there anything more than a "this is our burn address" statement?

No FUD intended, just asking.

2012

legendary

Activity: 1526

Merit: 1003

Quote from: truxton on May 21, 2017, 05:39:25 AM

$3.72

This is just a beginning of the truly decentralized era it giving chance to people again and again to buy before hard fork. UI is in under development it is ready to get explode. I already secured mine for exchange node and waiting patiently for this great moment.

commenter

member

Activity: 70

Merit: 10

There's people that understand the magnitude of this project and of all the coins and are trying to take advantage of others that really don't know what's going on, so don't let them take advantage of you.

This project and many of the other coins have huge potential people are just clueless as to what's going on.

As per the magnitude and potential of block. As of this moment Block is still under valued it's bieng offered at a discount it should be $4.90 not behind expanse, but in less then few weeks to a year it should be valued anywhere from a market cap of monero to that of Dash, it's a billion dollar project.

The need for Blocknet with or without the UI (even though I think the dev team will develop a fantastic UI) will be needed in the next few months to a year. You will begin to understand why when your eyes open up to what's going on.

Anything can happen between now and then. You could wake up to see Block (literally) between $20.00 to $130.0, it's not fudding !

Only the people that understand what's going on understand the need, manganite de and potential of this project.

commenter

member

Activity: 70

Merit: 10

Quote from: greyskies on May 21, 2017, 01:24:40 PM

Quote from: ?? on ??

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

It happens on every coin ! Not just Block. I have lossed 2000 Block, and I don't even no how many thousands maybe 5 or 8 in other coins, and that's at this point in time. I don't know what the loss really amounts too yet or what is future value would have been. I'm sick of it.

greyskies

full member

Activity: 186

Merit: 100

Quote from: ?? on ??

They know, The burn address has been discussed before many times. This person is just a troll that try's to panic newbies. According to prior post by this person, It seems as if this person may have lost out on the opportunity in becoming a node. This issue needs to be address. I'm reporting them to the moderator. We all should have there post removed and then both of us should delete this post as to not scare anyone off. I'm going to report every single post this person has posted on this board. You should delete your reference to their post as to not further propagate this misleading information. I will later do the same with this post.

Yes. Bamsterdam posts here only to stir up problems in the community and to try and scare people off. Time we reported him.

Zenoru

full member

Activity: 170

Merit: 100

Quote from: bamsterdam on May 21, 2017, 11:47:59 AM

This address holds more then 60% of all coins in circulation ? BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

that is really a lot .. somewhat disturbing

That's the burn address, unsold tokens from the initial offering were sent there.

bamsterdam

sr. member

Activity: 453

Merit: 261

Look Morty magic internet money

This address holds more then 60% of all coins in circulation ? BTngbpkVTh3nGGdFdufHcG5TN7hXYuX31z

that is really a lot .. somewhat disturbing

TheAwkwardBrit

member

Activity: 106

Merit: 10

Quote from: Jumanji7 on May 20, 2017, 02:21:14 PM

Quote from: htown2017 on May 20, 2017, 01:37:46 PM

Holding BLOCK until 100 million market cap as anything under is cheap

Look how many useless coins are over 100 million market cap. Block will have real usecases and very huge usecases. It deserves to be at 1 billion marketcap within 12 months!

That's quite a conservative number, I foresee this being a possible billion dollar project in a couple of years. It's always best to be conservative however. Wink

Trollollo

hero member

Activity: 539

Merit: 500

Quote from: afrorc on May 21, 2017, 09:54:07 AM

Quote from: Hullo on May 21, 2017, 04:58:17 AM

Quote from: xca900174 on May 21, 2017, 04:51:33 AM

Will this project have a website exchange or will it only be available in it's own client?
This is a question that sprung to mind today.

Main objective is to bring a fully trustless decentralized atomic cross chain exchange based on website to make it adaptable and make sure user friendly UI like other famous exchanges to be able to take benefit of revolutionary tech fully. Blocknet DX will be first decentralized exchange which will be used widely. Answer for your question is yes it will be available in website version as normal exchange.

Even if it wil be not user friendly or mainstream adopted i guess it will be very useful tool for BIG fishes

And they will pay big fees Wink

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 108. (Read 1103293 times)