Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 146. (Read 1103312 times)

Some more soundbites:

don't fall for this thing again

Anyone wondering about the space in which the inter-chain era, the token ecosystem, and an "internet of blockchains" exist, this sheds a little light:

This will be huge when the news spreads 

Tweeted @ohyperjacked

WOOHOO

THE FIRST EVER FULLY DECENTRALISED EXCHANGE IS OPEN FOR PUBLIC TESTING!

Public testing of The_Blocknet's interoperative decentralized exchange is now open!

http://builds.xcurrency.co/blocknet/Build/1366/blocknet-qt.zip

This is great news now this will gonna be very big things very soon.

better buy this or XC?

PUBLIC TESTING IS NOW LIVE!!!!

Holding and buying more 

Finally this big project is releasing public testing after a long time of wait. I'm quite sure the future of this project is so high actually I'm seeing mooning in coming days. Holding and buying more will see what happen next and it will be huge.

The general consensus on Cosmos seems to be this:

GOOD LUCK.

This is great!

The project is gaining more and more attention. More and more people are joining BLOCK slack channel.

Public testing is going live very soon. Enjoy!

I like this, as lately I am only interested in deflationary cryptocurrencies:


However, since PoS interest is 3% per year, it makes the above a lot less attractive to those who do not want to take the time or trouble to setup and maintain a wallet for staking.

For the casual investor that doesn't want to (or can't) stake their tokens, Blocknet will need to bring in more than 3% of its market cap in fees to be deflationary. At the present time, that amounts to $46,399.32 in fees.

Since January of 2009, Bitcoin has only brought in $268,459 in transaction fees total, or about $33,557.38 in fees on average every year. And it has a very large network effect to garner such transaction fees. One could surmise that Blocknet would take longer (possibly much longer) to reach the same amount of transaction fees.

Is cold wallet staking is planned? I don't like cryptocurrencies in which you have to have a hot wallet in order to stake to avoid dilution. I move around a lot, and besides that I currently only have satellite internet, so staking wouldn't be worthwhile because every time it rains the internet goes out. Ideally, Blocknet could gain consensus without inflation with the properly tweaked PoS algorithm, but I understand it is a little late for such talks to be had.

Anyways, good luck. It seems you guys are much closer to a release than Cosmos at least. If I had to choose in between the two, it is a no-brainer for BlockNet... at least until Cosmos can release something themselves and a comparison can be done. This project kind of reminds me of Supernet, but jl7777 seems to have abandoned that project. Such a shame too, because that one had a sweet and similar roadmap.

Lambos soon?

I think the problem is that if both Cosmos and Blocknet work perfectly then they're actually competing with each other in a race to the bottom for who can do the exchange cheaper.  And other clones and competitors will also come out, so the value of the tokens should drop and not increase.

If you can do an exchange from one chain to the other for the equivalent of $1 on Cosmos and $1.20 on Blocknet then who would use Blocknet?  And if Blocknet is cheaper then who would use Cosmos?  Then all the other projects that do the same thing will come out to compete at a lower price.

The real reason Cosmos got such huge funding is that Tendermint works with a bunch of big banks and they got a bunch of huge whales interested who all invested huge sums. Their main advantage is that they may be able to convince their bank partners to use Cosmos over the competition for their blockchains to talk to each other, but there's a bunch of other big competitors coming with ties to big banks (like Polkadot) so it's not really clear that Cosmos will win just because of that.

When all these are out they'll all be competing on price is the problem-if you can exchange BTC to ETH on any distributed exchange and they're all secure and trustless why would you pick one that needs very expensive tokens?  It makes zero sense, and you're also still competing against centralized exchanges.  It can still mean that your tokens will appreciate in price, after all if a token is 10 cents right now people may be willing to pay a lot more to perform an exchange, especially since centralized exchanges charge much higher fees but the price can really only rise so much before another competitor steps in.  Since a lot of projects are open source there's literally nothing stopping a competitor from just forking their own competing exchange.

Spot on.

Wow so this is same as Cosmos? and 1/10th price?!!!

The answer is that in the very nearest future 1 block will cost $ 10 !

In 2-3 years 1 block will be valued somewhere at $30-50