Author

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 119. (Read 1103309 times)

legendary
Activity: 1526
Merit: 1003
Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

as we can see in the price % now Cheesy

Block is dark horse into this long race so that I am in not hurry to sell my tokens in recent situation while BTC is going high. Once this system will be available for public I will make huge profit through exchange node because it's life time opportunity.
sr. member
Activity: 350
Merit: 250
Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

as we can see in the price % now Cheesy
newbie
Activity: 28
Merit: 0
Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
any reason that bittrex put their wallet in maintenance ? is there a new wallet released or are they just doing something with it?

I see in a lot of threads that many coins are wanting to get on this dex when it is out.
full member
Activity: 186
Merit: 100
It sounds awesome. But is there a simple one line explanation to break it down in dumb terms for someone like me, maybe with an example.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Tweets on what will shape the token ecosystem's design space

hero member
Activity: 669
Merit: 500
XST is master blocknet coin.

What does this mean how are they connected?

XST is one of "founding fathers" of Blocknet. It will be listed on BLOCK`s decentralized exchange. There is no hard date though. There are several big coins in the head of waiting list.
newbie
Activity: 58
Merit: 0
XST is master blocknet coin.

What does this mean how are they connected?
hero member
Activity: 669
Merit: 500
XST is master blocknet coin.
newbie
Activity: 29
Merit: 0
Revenue (from Blocknet.co)

The beauty of blockchain-based tech is that it has an intrinsic token of value. Never before has monetization been so fundamental to the delivery mechanism of a service.

Microservices can be made to require a microfee, paid in truly peer-to-peer fashion from app to app.

Your app would be paid to deliver a service, and/or automatically pay the other nodes to deliver the services it needs in order to function.

Funds to pay for services can be earned through screening adverts, or earned when the app renders services to other nodes, or automatically distributed to apps through proof-of-stake.

It pays using the digital token (“coin”) native to its blockchain; this is automatically exchanged for coins native to the nodes delivering the service, which are then paid in direct peer-to-peer fashion.

Finally, when apps render a service, they also pay a microfee to the Blocknet for providing the infrastructure that makes cross-chain services possible. This fee is then distributed to holders of Blocknet tokens.
newbie
Activity: 29
Merit: 0
How do you buy a node ?

Maybe stupid question but I just bought BLOCK so...

Thanks

- buy 5000 BLOCK
- download the latest Blocknet wallet from http://builds.xcurrency.co/blocknet/Build/
- download wallets of coins that you want to accept trade fees from
- follow the setup guide here: https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit?usp=sharing


Thank you just one more noob question will it always be 5000 BLOCK needed to 'buy' a node is that somehow build in and guaranteed or could it be in one year say development says you need 10K or 20k BLOCK?

Thank you very much.

We guess that the price of BLOCK will increase as we approach a mature release of the tech, and so the price to run a node is likely not to go up but to go down.

Dan is already some way toward implementing a service node voting feature, which may be the mechanism we use to collectively decide on the BLOCK amount required to run a service node.



Doesn't it make it more decentralised if there are more nodes running the network? So wouldn't is be wise to decrease the amount needed for a node so more people can support the network with a node? To avoid a dash situation where nowadays for people run a MN they have to invest a 100k and most newcomers can't afford that. Or does more nodes not make the network more decentralised and better ?
Are there other positive effect of high node price that I'm not aware of?

Maybe the fees from dex goes down per node? So the more nodes there are the less people earn with each node. So could it be that the people that are voting on the amount block to run a node take this into consideration as well and choose a option that is better for them and not for the network?

Lots of ifs but just wondering got enough for a few nodes myself so that's not the problem but I can imagine not everyone can afford it even at this prices let alone in te future when prices hopefully rises a lot.

Maybe it's possible for someone to run a service that people can buy shares(portion of a node) and can get a % of the profit a node makes

I think many people miss the point a little bit. Everyone is talking about nodes, profit, fees, pyramid schemes, amount of block needed to run a node. The bottom line is: Those people simply missed the boat.
It happens daily, many people miss boats, I missed BTC, ETH, DASH, XMR. Hell, I'd never complain, I was just too fuckn late. That's my fault. Not the fault of others.
There's no difference here. So why should it matter.
And everyone can still buy Block to get enough for a node.

Of course this aspect is important (as well), for those who didn't miss the boat. For those who supported the project from day one. For those who bought block when it was down and fudded.
You can't serve everyone. You can't make everyone happy. Not everyone can run a node.

There will be enough nodes to support the network.
The main focus is dezentralization. Period. It's the first project to pull it off. Thanx to Dan. Kudos.

Everyone should celebrate the aspect of decentralization.
And not worry about nodes.

No one draws back the price of Bitcoin for latecomers so they can get in.
Block is being traded since 2014, everyone had enough time to buy block.
And of course still has, it's dirt cheap.





One other point being missed is that owning any amount of Block enables you to stake at 3% annual rate and also to receive a portion of Blocknet network earnings, regardless of whether or not you have enough Block to run a node yourself.  (Running a node does, however, convey the ablility to earn additional transaction fees.)
full member
Activity: 186
Merit: 100
Partially clearly you are correct but regardless those who have bought Blocknet now and in the past believe it to have some future and are rooting for the project to succeed that we can certainly agree on.

As I have said I am just a noob and dont understand half of it lol but :

I like the idea of owning a node.
I like the idea of it being exclusive yet "accessible".
Say you have 20 guys ending up owning all the nodes there would be no real difference between an centralised exchange today and a decentralised in the future basically.

But as Synechist commented I believe this is an issue being taken into consideration.

Even in the far fetched scenario where 20 people ran the nodes it would be very very different from a centralised exchange.


Read the post above yours by Synechist.
sr. member
Activity: 632
Merit: 250
I was trying to learn more about blocknet but the wiki link is not working.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Partially clearly you are correct but regardless those who have bought Blocknet now and in the past believe it to have some future and are rooting for the project to succeed that we can certainly agree on.

As I have said I am just a noob and dont understand half of it lol but :

I like the idea of owning a node.
I like the idea of it being exclusive yet "accessible".
Say you have 20 guys ending up owning all the nodes there would be no real difference between an centralised exchange today and a decentralised in the future basically.

But as Synechist commented I believe this is an issue being taken into consideration.

Even in the far fetched scenario where 20 people ran the nodes it would be very very different from a centralised exchange.

Many people owned xc. Many people owned block.

I think the number will eventually be around 3-4k to run a SN but 5k is fine.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Regarding service nodes and decentralisation, something needs to be cleared up.

There's a difference been trading p2p and how trade fees are collected.

When I trade on the decentralised exchange, I do it directly with other traders, and no intermediary is involved.

Service nodes do not hold or control coins, and do not mediate coin exchange.

 Service nodes collect and distribute trade fees.

This means that coin exchange is no less decentralised with 8000 nodes than with every node in the network functioning as a service node.

In a nutshell: a limited number of service nodes do not make the exchange centralised.

sr. member
Activity: 364
Merit: 250
Partially clearly you are correct but regardless those who have bought Blocknet now and in the past believe it to have some future and are rooting for the project to succeed that we can certainly agree on.

As I have said I am just a noob and dont understand half of it lol but :

I like the idea of owning a node.
I like the idea of it being exclusive yet "accessible".
Say you have 20 guys ending up owning all the nodes there would be no real difference between an centralised exchange today and a decentralised in the future basically.

But as Synechist commented I believe this is an issue being taken into consideration.

As the price rises the price of a node will almost certainly go down. About a month ago the node price was going to be 10k but as the price rose it was decided to lower it to 5k. I think its at a very reasonable price right now if people want one, specially compared to a couple of weeks ago.

The important thing to think of for those who don't have a chance to get a node and are wondering why to invest in block is the fact that all fees are paid in block. that means every time someone uses the exchange, no matter what coins they trade, the fee will be bought from the market in block before it is paid out to nodes. this will put constant buy pressure on BLOCK.
newbie
Activity: 58
Merit: 0
Partially clearly you are correct but regardless those who have bought Blocknet now and in the past believe it to have some future and are rooting for the project to succeed that we can certainly agree on.

As I have said I am just a noob and dont understand half of it lol but :

I like the idea of owning a node.
I like the idea of it being exclusive yet "accessible".
Say you have 20 guys ending up owning all the nodes there would be no real difference between an centralised exchange today and a decentralised in the future basically.

But as Synechist commented I believe this is an issue being taken into consideration.
full member
Activity: 201
Merit: 100
stealthcoin.com
How do you buy a node ?

Maybe stupid question but I just bought BLOCK so...

Thanks

- buy 5000 BLOCK
- download the latest Blocknet wallet from http://builds.xcurrency.co/blocknet/Build/
- download wallets of coins that you want to accept trade fees from
- follow the setup guide here: https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit?usp=sharing


Thank you just one more noob question will it always be 5000 BLOCK needed to 'buy' a node is that somehow build in and guaranteed or could it be in one year say development says you need 10K or 20k BLOCK?

Thank you very much.

We guess that the price of BLOCK will increase as we approach a mature release of the tech, and so the price to run a node is likely not to go up but to go down.

Dan is already some way toward implementing a service node voting feature, which may be the mechanism we use to collectively decide on the BLOCK amount required to run a service node.



Doesn't it make it more decentralised if there are more nodes running the network? So wouldn't is be wise to decrease the amount needed for a node so more people can support the network with a node? To avoid a dash situation where nowadays for people run a MN they have to invest a 100k and most newcomers can't afford that. Or does more nodes not make the network more decentralised and better ?
Are there other positive effect of high node price that I'm not aware of?

Maybe the fees from dex goes down per node? So the more nodes there are the less people earn with each node. So could it be that the people that are voting on the amount block to run a node take this into consideration as well and choose a option that is better for them and not for the network?

Lots of ifs but just wondering got enough for a few nodes myself so that's not the problem but I can imagine not everyone can afford it even at this prices let alone in te future when prices hopefully rises a lot.

Maybe it's possible for someone to run a service that people can buy shares(portion of a node) and can get a % of the profit a node makes

I think many people miss the point a little bit. Everyone is talking about nodes, profit, fees, pyramid schemes, amount of block needed to run a node. The bottom line is: Those people simply missed the boat.
It happens daily, many people miss boats, I missed BTC, ETH, DASH, XMR. Hell, I'd never complain, I was just too fuckn late. That's my fault. Not the fault of others.
There's no difference here. So why should it matter.
And everyone can still buy Block to get enough for a node.

Of course this aspect is important (as well), for those who didn't miss the boat. For those who supported the project from day one. For those who bought block when it was down and fudded.
You can't serve everyone. You can't make everyone happy. Not everyone can run a node.

There will be enough nodes to support the network.
The main focus is dezentralization. Period. It's the first project to pull it off. Thanx to Dan. Kudos.

Everyone should celebrate the aspect of decentralization.
And not worry about nodes.

No one draws back the price of Bitcoin for latecomers so they can get in.
Block is being traded since 2014, everyone had enough time to buy block.
And of course still has, it's dirt cheap.



sr. member
Activity: 453
Merit: 261
Look Morty magic internet money
How do you buy a node ?

Maybe stupid question but I just bought BLOCK so...

Thanks

- buy 5000 BLOCK
- download the latest Blocknet wallet from http://builds.xcurrency.co/blocknet/Build/
- download wallets of coins that you want to accept trade fees from
- follow the setup guide here: https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit?usp=sharing


Thank you just one more noob question will it always be 5000 BLOCK needed to 'buy' a node is that somehow build in and guaranteed or could it be in one year say development says you need 10K or 20k BLOCK?

Thank you very much.

We guess that the price of BLOCK will increase as we approach a mature release of the tech, and so the price to run a node is likely not to go up but to go down.

Dan is already some way toward implementing a service node voting feature, which may be the mechanism we use to collectively decide on the BLOCK amount required to run a service node.



Doesn't it make it more decentralised if there are more nodes running the network? So wouldn't is be wise to decrease the amount needed for a node so more people can support the network with a node? To avoid a dash situation where nowadays for people run a MN they have to invest a 100k and most newcomers can't afford that. Or does more nodes not make the network more decentralised and better ?
Are there other positive effect of high node price that I'm not aware of?

Maybe the fees from dex goes down per node? So the more nodes there are the less people earn with each node. So could it be that the people that are voting on the amount block to run a node take this into consideration as well and choose a option that is better for them and not for the network?

Lots of ifs but just wondering got enough for a few nodes myself so that's not the problem but I can imagine not everyone can afford it even at this prices let alone in te future when prices hopefully rises a lot.

Maybe it's possible for someone to run a service that people can buy shares(portion of a node) and can get a % of the profit a node makes
member
Activity: 122
Merit: 10
Jump to: