[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 164.

m4nki

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Quote from: synechist on August 03, 2016, 07:05:23 AM

We've been putting a bit of time into the notion of a coin pegged to USD. This way, traders could park their coins somewhere stable instead of sleeping in BTC. However, it's not clear how to keep this both decentralised and non-gameable.

Maybe use "Tether" for that? It is an Omni asset already pegged to the USD.

Tanglemymind

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Hello,

Just read an article about blocknet and liked what I read.

Question...

How many total tokens will there be?

Is this 100% pos?

And i checked polo and the volume is low. Any reason for that? I just think it would be higher based on what I have read.

...your explorer link on coinmarketcap.com is not working.

Thanks for your respons.

synechist

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Quote from: jubalix on August 03, 2016, 05:03:03 AM

unless blocknet can accept and pay USD to and from my bank without a intermediary holding it, then its not the distributed exchange I am looking for...I know thats a big ask...but there it is the only way to put the exchange risk out of business

For the time being, I suggest using fiat gateways to get across the fiat:crypto divide.

They're regional and centralised by nature, so aren't a natural component of a protocol-based, borderless decentralised exchange.

We've been putting a bit of time into the notion of a coin pegged to USD. This way, traders could park their coins somewhere stable instead of sleeping in BTC. However, it's not clear how to keep this both decentralised and non-gameable.

For now, you can trade trustlessly across any currency pair that uses either the Bitcoin Core API or the Ethereum codebase.

Stay safe.

synechist

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To commodify ethicality is to ethicise the market

Quote from: statdude on August 02, 2016, 06:34:52 PM

Are there fees for the decentralized exchange? If so, who collects?
What is the benefit to running a node?

Yes, there is a trade fee.

The amount is yet to be decided.

Running an exchange node nets you the fee.

Coming up: distribution of a portion of the fee to staking wallets across the network.

For the record, exchange nodes don't hold coins - this is a trustless design.
It's also the only exchange that has decentralised all the core components of exchange
- coin deposits
- order book
- order matching system
- coin exchange protocol

jubalix

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unless blocknet can accept and pay USD to and from my bank without a intermediary holding it, then its not the distributed exchange I am looking for...I know thats a big ask...but there it is the only way to put the exchange risk out of business

truxton

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coinbase and now bitfinex hacked.

https://pbs.twimg.com/media/Co5AGNDXEAQ3QWU.jpg 119,000 BTC!

Blocknet will be huge.

truxton

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yes there are fees. amount to be decided. fees paid to holders of the blocknet. the current idea is that anyone with over 10,000 will get fees to start but this is not set in stone yet. as more users start using the DX this will come down. ask synechist for more info. right now the UI is the next step.

statdude

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Are there fees for the decentralized exchange? If so, who collects?
What is the benefit to running a node?

MR1

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Quote from: synechist on August 02, 2016, 11:17:56 AM

New DX build ready for testing!

Testers welcome in Slack.

http://blocknet.herokuapp.com

Nice to see permanent progress of Blocknet !

synechist

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To commodify ethicality is to ethicise the market

New DX build ready for testing!

Testers welcome in Slack.

http://blocknet.herokuapp.com

truxton

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Whats going on with Bittrex? Lots of activity.

synechist

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To commodify ethicality is to ethicise the market

Quote from: truxton on July 28, 2016, 10:37:18 AM

How much was the micro payment to the blocknet holders for that single transaction?

That's yet to be determined.

truxton

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How much was the micro payment to the blocknet holders for that single transaction?

synechist

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To commodify ethicality is to ethicise the market

Hi folks

Good news: we have a user guide for the decentralised exchange!

It was created by the community.
Special thanks to @aderks for leading the initiative.
It'll be progressively updated as we go.

Here's the link:
https://docs.google.com/document/d/1DWmeD86mvzM1gG-g3_i0_TApjAnmzbUefhEXGYKRqYc/edit?usp=sharing

synechist

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To commodify ethicality is to ethicise the market

Some great enthusiasm emerging as people start adopting the decentralised exchange:

Slack: bilkoo [11:11 AM]
i ve got the dx running with great assistance from atcsecure. it works perfect and does transactions in almost a blink of the eye.
this is gonna be huuge
we ve tested the fee part also and its just magical. its well worth the wait people.
@synechist and @atcsecure keep up the good work :clap:

@hughbt, we're not releasing a delivery date for the UI. I'm making progress on the spec for it though.

hughbt

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