BLOCK 0.00019112
More tokens for my stash 
Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 234. (Read 1103311 times)
November 11, 2014, 12:06:45 PM
November 11, 2014, 11:43:36 AM
3. As quoted in earlier posts, is it like swap process to convert into NHZ asset? Newbies need to know about this.
Great question....I would like an answer to this one myself.....
November 11, 2014, 11:37:50 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.
The only staked coins that were destroyed were ones during the ITO. BUT, it was just the total number of staked coins that were burned. They didn't come out of individual people's wallets. Dev burned an equivalent amount of coins so that the number of staked coins DURING THE ITO was offset. ANY coins staked AFTER the ITO was finished are VALID. IMO.
Yes this is correct as far as I'm aware.
November 11, 2014, 11:34:06 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.The only staked coins that were destroyed were ones during the ITO. BUT, it was just the total number of staked coins that were burned. They didn't come out of individual people's wallets. Dev burned an equivalent amount of coins so that the number of staked coins DURING THE ITO was offset. ANY coins staked AFTER the ITO was finished are VALID. IMO.
November 11, 2014, 11:30:52 AM
I just noticed something weird while staking with wallet. Apparently I ''mined a block '' however in the transactions tab it says ''Generated but not accepted mined''
Is it possible to have orphan blocks in POS?
PS. I have been staking normally the past week, just noticed the instance a few mins ago.
Is it possible to have orphan blocks in POS?
PS. I have been staking normally the past week, just noticed the instance a few mins ago.
Yes you get orphaned blocks in PoS.
It's an analogous situation to PoW: part of the network accepts one version of the chain, and your newly mined (and un-matured) block is on another version. Naturally, the network syncs up and your block is left orphaned.
What can I do against orphaned blocks?
Nothing. They always happen.
November 11, 2014, 11:28:37 AM
I just noticed something weird while staking with wallet. Apparently I ''mined a block '' however in the transactions tab it says ''Generated but not accepted mined''
Is it possible to have orphan blocks in POS?
PS. I have been staking normally the past week, just noticed the instance a few mins ago.
Is it possible to have orphan blocks in POS?
PS. I have been staking normally the past week, just noticed the instance a few mins ago.
Yes you get orphaned blocks in PoS.
It's an analogous situation to PoW: part of the network accepts one version of the chain, and your newly mined (and un-matured) block is on another version. Naturally, the network syncs up and your block is left orphaned.
What can I do against orphaned blocks?
November 11, 2014, 11:26:20 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.I understood it the same way as you did. The tokens that were staked during the ITO were valid, and the equivalent number of staked tokens would be burned by Dev as to not increase the number of tokens available during the ITO.
1. The total number blocks that we have purchased in ITO or traded will not change or change?
2. Is it right to stake our blocks by keeping our wallets open? as there is ambiguity regarding staked interest would be legitimate to earn revenue from network.
3. As quoted in earlier posts, is it like swap process to convert into NHZ asset? Newbies need to know about this.
4. And the exact number of BLOCKS? As the ITO was hosted on multiply exchanges....
November 11, 2014, 11:25:23 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.Thanks mxxxxxx for your reply, but I don't think it answers my question. I understand that eventually all our BLOCK tokens will be converted to something more useful in the NHZ market and that after that time there is no point in keeping them.
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
All of them, as far as I know.
November 11, 2014, 11:23:27 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase. November 11, 2014, 11:19:09 AM
Well those sells on Poloniex were no fun to watch....
Lets see if the market can recover
I though the double post Mchammer threw down was elegant lol.
The price going down allows other players to get in. For each coin sold there is a buyer.Lets see if the market can recover
I though the double post Mchammer threw down was elegant lol.
We are all waiting for some news.
I didn't buy much at ITO price ....I bought a bunch later at cheaper price than ito 
November 11, 2014, 11:16:37 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.I understood it the same way as you did. The tokens that were staked during the ITO were valid, and the equivalent number of staked tokens would be burned by Dev as to not increase the number of tokens available during the ITO.
November 11, 2014, 11:14:10 AM
Thanks mxxxxxx for your reply, but I don't think it answers my question. I understand that eventually all our BLOCK tokens will be converted to something more useful in the NHZ market and that after that time there is no point in keeping them.
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
All of them, as far as I know.
November 11, 2014, 11:09:30 AM
Thanks mxxxxxx for your reply, but I don't think it answers my question. I understand that eventually all our BLOCK tokens will be converted to something more useful in the NHZ market and that after that time there is no point in keeping them.
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
But the question is how many BLOCK tokens can we convert at that time. As an example, my wallet has 24 BLOCKs I bought, and 0.02 obtained through staking. So how many of these will qualify for conversion to the NHZ market, 24.00 or 24.02?
November 11, 2014, 10:54:34 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase.I've been reading up on the Blocknet, and I'm glad the ITO was successful! However I am having difficulty understanding exactly how I would get paid as a BLOCK token owner (I don't currently own any BLOCK, but it looks like I could still buy some from an exchange even though the ITO is over).
From the article:
https://www.cryptocoinsnews.com/blocknet-works-initial-token-offering-rules/
"Once the Blocknet is ready to start paying fees to token-holders, Blocknet tokens may be redeemed for Blocknet assets on the NHZ asset exchange."
^^ I don't really understand this, but I also am not very familiar with NHZ, so please excuse my ignorance.
Does this mean your BLOCK still needs to be exchanged for an NHZ asset (another coin?) for you to get paid for Blocknet fees?
I understand that the Blocknet is not yet a reality, and that in the meantime one can trade BLOCK similar to any other coin. However I am more interested in getting paid for Blocknet services rendered whenever Blocknet is implemented, and I can't seem to find much information on how that works other than the quote above.
From the article:
https://www.cryptocoinsnews.com/blocknet-works-initial-token-offering-rules/
"Once the Blocknet is ready to start paying fees to token-holders, Blocknet tokens may be redeemed for Blocknet assets on the NHZ asset exchange."
^^ I don't really understand this, but I also am not very familiar with NHZ, so please excuse my ignorance.
Does this mean your BLOCK still needs to be exchanged for an NHZ asset (another coin?) for you to get paid for Blocknet fees?
I understand that the Blocknet is not yet a reality, and that in the meantime one can trade BLOCK similar to any other coin. However I am more interested in getting paid for Blocknet services rendered whenever Blocknet is implemented, and I can't seem to find much information on how that works other than the quote above.
Hey hey
Yes, you'll need to redeem your BLOCK for a NHZ asset at the appropriate time in order to earn revenue from Blocknet services.
There will be information on how this will be done once the technology has been developed.
Today there'll be a new OP for this thread and it'll include a timeline so you can get a rough sense for when things will be ready.
Does this mean that our Blocknet token will become then NHZ asset ? or, will we have still Blocknet assets ? Soory, but it is not so clear to me.
Yes, the plan is for NHZ's asset exchange to be the service provider for Blocknet assets.
Thanks synechist as always for the prompt information! I look forward to the new OP with timeline.
Yes, this seems to be different than staking - looking at the NHZ exchange it looks like you can get things like BTSX and PTS, which I also tried to understand and failed (this stuff is complicated!) - but I believe they are something like stock in a company. In the case of Blocknet, I am imagining that these "shares" pay a dividend periodically (which I guess is like staking, come to think of it), but I could be completely wrong.
Yes, Blocknet tokens will be analogous to shares.
The different between them and shares is that the Blocknet is a network (or a DAPP), rather than a company.
Blocknet tokens will, if I'm correct, distribute service provider fees to shareholders relatively directly. This is akin to dividends, but done immediately rather than periodically.
Synechist can you clarify whether staked Block tokens will be allowed to be kept or not?
I vaguely remember something about the staking wallet being meant only for storage.
I vaguely remember something about the staking wallet being meant only for storage.
To the best of my knowledge the BLOCK will be keepable, strictly speaking, but their value will be debatable as they'll no longer be supported by the Blocknet and they won't receive service fees.
I mean, there's probably nothing to stop people just keeping their BLOCK, but you wouldn't want to when it no longer has any development.
November 11, 2014, 10:50:27 AM
nigttran: banned.
Don't come here and beat us up with your opinions.
If you like, go and create a newbie account, come back here, and respect the community more.
Reading this might help: https://bitcointalksearch.org/topic/m.9304090
Don't come here and beat us up with your opinions.
If you like, go and create a newbie account, come back here, and respect the community more.
Reading this might help: https://bitcointalksearch.org/topic/m.9304090
November 11, 2014, 10:45:29 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
Yes, this needs to be clarified. I understood that the tokens we get from staking are just as valid as those purchased in the ITO, and the devs would destroy tokens so that the overall number does not increase. November 11, 2014, 10:43:12 AM
I don't think the 'dev' is the same person who is deleting your posts. So there is no problem about him having 'nothing better to do'
November 11, 2014, 10:41:33 AM
A lot of talk here about mining and staking; I thought it was mentioned somewhere that staked or mined coins will not count, only tokens that have been purchased can be exchanged for shares. Can someone from the blocknet team clarify this. Thanks.
November 11, 2014, 10:15:03 AM
Dev never have any projects. Him just make money via ICO buy block shitcoin. Please look at exchange, price now is 16k. It will get trap in 5k sat. 100 sat is future (1 day no more).
A question for dev.
What's coin maked use for?
P/s My post will be deleted buy dev soon.
A question for dev.
What's coin maked use for?
P/s My post will be deleted buy dev soon.
Lol the irony. You're a Util supporter and you're bashing Dan.
You need to check the recent Util announcements and see what Dan's new Util role is (hint: he basically saved your coin).
November 11, 2014, 10:00:41 AM
Thank you
"- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending."
Those two still pending?
"- Burn of unsold BLOCK on Bter: pending.
- Burn of unsold BLOCK on CoinGateway: pending."
Those two still pending?
No
Cool where do you see that?
Edit: Are those Bter and coingateway ones?
23b7f2b6e1f02819fa29a9aba30ad63bd20f047c58ef6146198894b3ff7fb9c9
9539e0605b67ee56adcdd37cdc886fc40a3a47ee5930118a29f5db0a106b2a5f
5497182e246837fef390f597e24681b2fab093e83d845d4674985e897572e9ac
c761531d2e81761a172c547251721826317649b681534bc8764fd4d4dbf2f2e8
fe510efba90309b2d4226b141c26f8fef52e64e9432ca4b954d4214d7df3dfe7
4eb87e75bf8b3ba49d920d3f4822493dc5be50f00a844b121dad05937f0163f4
PS: did you get back in with block?
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