[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 311.

mav137

full member

Activity: 163

Merit: 100

Quote from: URSAY on November 04, 2014, 02:06:19 PM

Quote from: 4theLOVEofCrypto on November 04, 2014, 12:54:46 PM

Quote from: synechist on November 04, 2014, 12:43:20 PM

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

I like this idea. Update the announcements and basically lock it so it can't be swamped with a bunch of useless posts.

The past few days I have been assembling info into XC and BlockNet documents. I'm hoping these docs will cover almost ANYTHING you'd want to know about XC or the BlockNet but from a completely objective view. Even what some consider FUD will be covered and backed up with answers and supporting links. Hopefully these docs will be available within the next few days. I've considered adding the docs to my own moderated XC/BlockNet thread but I am open to any suggestions that anyone might have.

Sounds like a perfect base for the new "anouncements only" thread. I'm curious to see your work.
Thanks for your efforts!

racer2012

full member

Activity: 238

Merit: 100

If we keep holding blocknet
What would be it's value by June 2015?
Any suggestion value of per block

mr_random

legendary

Activity: 1344

Merit: 1001

So should I buy into Blocknet or not?

Holders/believers, give me your most convincing argument.

Pros: Dan has always delivered with his past tech promises, only one other project like this and it is valued much higher (supernet)

Cons: The manipulative FUD seems endless and has damaged the reputation of the project before it's begun, Tokens are unlikely to receive decent fees for considerable time

Trying to decide.

FlyboyHawk

newbie

Activity: 17

Merit: 0

Quote from: mxxxxxx on November 04, 2014, 01:49:32 AM

Quote from: ib88 on November 03, 2014, 05:52:03 PM

Quote from: mxxxxxx on November 03, 2014, 05:40:00 PM

Quote from: tk808 on November 03, 2014, 05:23:17 PM

Here's the full IRC interview that occured, edited (but not filtered) on Coins Source

http://www.coinssource.com/interview-with-dan-metcalf-regarding-recent-blocknet-concerns/

Good to see it at last above the previous article

That's not good enough for me. The first article has already done irreparable damage . They should pull the first article and publicly apologize for it.

I see they removed it from the main site , asked them too to remove the tweet

I had a similar problem; got out of sync and could never catch up. So I closed wallet saved the wallet.dat file & deleted blocknet folder. Then ran blocknet app and it seemed to work ok but didn't active connections to network. I then installed the backup wallet.dat file and opened app again. Still no active connections yet my network is ok for XC app and other internet. In Transactions menu, my original buy of Block is shown along with the mined block except the mined are shown as 'generated buy not accepted'. In Overview tab, Spendalbe is shown as 0.00. What should I do?

00Smurf

sr. member

Activity: 476

Merit: 250

Quote from: friendfromnobody on November 04, 2014, 02:09:21 PM

its funny that people talk about fud ,
but the big quastion is who started the fud?Huh
everybody knows now what and from who blocknet and util is,
fud = news ??
if you look at the skype log you see that proms knows that smurf talks with other people about the news 25e ,
but prom say at the 28e util is mine dont tell anyone its privy.
it looks like he knows that smurf will leak it.
was it a plan or was prom not smart enough and still trusted smurf?

Well if you read further, the next convo's we have i clarify what i can and cannot pass onto the sdc team. I was the middleman relaying info to the sdc team as this was when things were being discussed about sdc becoming part of blocknet etc.

Prom's own statement confirms i had to malicious intent. Yet people continue to attack me here.

Aside form that prom started promoting util shortly after anyway. So it's not like he kept it secret long.

WhiteNotWright

full member

Activity: 196

Merit: 100

Fibre Knight

Quote from: synechist on November 04, 2014, 01:01:37 PM

Quote from: 4theLOVEofCrypto on November 04, 2014, 12:46:11 PM

Quote from: synechist on November 04, 2014, 12:33:08 PM

Good point about coins bought on CoinGateway being traded already. If you bought on CoinGateway and then sold your BLOCK, you won't be able to pay the BLOCK back to CoinGateway, in which case you wouldn't get a refund through them.

Important point: during Bittrex's 48hr buy wall period, no withdrawals or deposits of BLOCK will be possible. This prevents anyone who bought BLOCK on Bittrex losing out on the chance to sell. The Bittrex refund option is only offered to Bittrex customers.

Another important point: you should probably wait until the ITO is confirmed to have failed or succeeded before selling. Otherwise you'll sell below market price. If the ITO doesn't make its minimum then refunds will be at the price offered: 0.00025 BTC.

(Disclaimer: these are provisional remarks.)

This was the reason I brought up the question about refunds. I still hold my BLOCK from the exchange and haven't sold any on Polo. But those that have would be SOL. What would happen to those participating coins that Coingateway holds that can't be returned because of this? They hopefully wouldn't be put on the market to exchange for BTC because that could kill the coins. Would the unclaimed coins be destroyed?

And what if you have a situation where someone that exchanged a participating coin for BLOCK on coingateway, instead of getting those coins back, goes to POLO and exchanges the BLOCK for BTC at the 25k buy wall? There really is no way to control this.

And as a final note like you said, if it doesn't get funded, then all those that sold at a loss will take the loss. Those that bought at the discounted prices will now actually make some off those purchases because they will be selling into a buy wall on POLO. ALL OF THIS IS THEORETICALLY SPEAKING OF COURSE.

This is getting funded, but just wanted to cover the what ifs.

When it comes to refunds using any altcoins that aren't claimed on CoinGateway, we could just put up sell walls on exchanges.

This wouldn't crash the price of any alt. It would just offer refunds for the same price coins were sold at.

We'd break even (minus fees), and market cap would be restored to the altcoins.

Anyone who traded BLOCK in the interim and either profited or lost is responsible for their trading decisions. Sounds fair to me. It's a zero-sum game after all.

Yep. I agree. If you traded blocks you take the risk of not getting square in the end. However, if you bought under 25, well done if you can sell off at 25 on the wall. Always in crypto ways to profit in trading, but someone always has to lose. Keep that in mind.

friendfromnobody

hero member

Activity: 593

Merit: 500

its funny that people talk about fud ,
but the big quastion is who started the fud?Huh
everybody knows now what and from who blocknet and util is,
fud = news ??
if you look at the skype log you see that proms knows that smurf talks with other people about the news 25e ,
but prom say at the 28e util is mine dont tell anyone its privy.
it looks like he knows that smurf will leak it.
was it a plan or was prom not smart enough and still trusted smurf?

URSAY

legendary

Activity: 1974

Merit: 1010

Quote from: 4theLOVEofCrypto on November 04, 2014, 12:54:46 PM

Quote from: synechist on November 04, 2014, 12:43:20 PM

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

I like this idea. Update the announcements and basically lock it so it can't be swamped with a bunch of useless posts.

The past few days I have been assembling info into XC, BlockNet, and Dan Metcalf documents. I'm hoping these docs will cover almost ANYTHING you'd want to know about XC or the BlockNet but from a completely objective view. Even what some consider FUD will be covered and backed up with answers and supporting links. Hopefully the XC doc and BlockNet doc will be available within the next few days. The Dan Metcalf doc will not be made public but will be available to limited parties under extraordinary circumstances. I've considered adding the docs to my own moderated XC/BlockNet thread but I am open to any suggestions that anyone might have.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: 4theLOVEofCrypto on November 04, 2014, 12:46:11 PM

Quote from: synechist on November 04, 2014, 12:33:08 PM

Good point about coins bought on CoinGateway being traded already. If you bought on CoinGateway and then sold your BLOCK, you won't be able to pay the BLOCK back to CoinGateway, in which case you wouldn't get a refund through them.

Important point: during Bittrex's 48hr buy wall period, no withdrawals or deposits of BLOCK will be possible. This prevents anyone who bought BLOCK on Bittrex losing out on the chance to sell. The Bittrex refund option is only offered to Bittrex customers.

Another important point: you should probably wait until the ITO is confirmed to have failed or succeeded before selling. Otherwise you'll sell below market price. If the ITO doesn't make its minimum then refunds will be at the price offered: 0.00025 BTC.

(Disclaimer: these are provisional remarks.)

This was the reason I brought up the question about refunds. I still hold my BLOCK from the exchange and haven't sold any on Polo. But those that have would be SOL. What would happen to those participating coins that Coingateway holds that can't be returned because of this? They hopefully wouldn't be put on the market to exchange for BTC because that could kill the coins. Would the unclaimed coins be destroyed?

And what if you have a situation where someone that exchanged a participating coin for BLOCK on coingateway, instead of getting those coins back, goes to POLO and exchanges the BLOCK for BTC at the 25k buy wall? There really is no way to control this.

And as a final note like you said, if it doesn't get funded, then all those that sold at a loss will take the loss. Those that bought at the discounted prices will now actually make some off those purchases because they will be selling into a buy wall on POLO. ALL OF THIS IS THEORETICALLY SPEAKING OF COURSE.

This is getting funded, but just wanted to cover the what ifs.

When it comes to refunds using any altcoins that aren't claimed on CoinGateway, we could just put up sell walls on exchanges.

This wouldn't crash the price of any alt. It would just offer refunds for the same price coins were sold at.

We'd break even (minus fees), and market cap would be restored to the altcoins.

Anyone who traded BLOCK in the interim and either profited or lost is responsible for their trading decisions. Sounds fair to me. It's a zero-sum game after all.

neo666

sr. member

Activity: 364

Merit: 250

Quote from: 4theLOVEofCrypto on November 04, 2014, 12:54:46 PM

Quote from: synechist on November 04, 2014, 12:43:20 PM

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

I like this idea. Update the announcements and basically lock it so it can't be swamped with a bunch of useless posts.

exactly!

4theLOVEofCrypto

sr. member

Activity: 387

Merit: 250

Quote from: synechist on November 04, 2014, 12:43:20 PM

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

I like this idea. Update the announcements and basically lock it so it can't be swamped with a bunch of useless posts.

ib88

newbie

Activity: 56

Merit: 0

Quote from: synechist on November 04, 2014, 12:43:20 PM

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

Great idea. This will show potential investors the impressive rate of development of XC without having to sift through all the other posts.

4theLOVEofCrypto

sr. member

Activity: 387

Merit: 250

Quote from: synechist on November 04, 2014, 12:33:08 PM

Good point about coins bought on CoinGateway being traded already. If you bought on CoinGateway and then sold your BLOCK, you won't be able to pay the BLOCK back to CoinGateway, in which case you wouldn't get a refund through them.

Important point: during Bittrex's 48hr buy wall period, no withdrawals or deposits of BLOCK will be possible. This prevents anyone who bought BLOCK on Bittrex losing out on the chance to sell. The Bittrex refund option is only offered to Bittrex customers.

Another important point: you should probably wait until the ITO is confirmed to have failed or succeeded before selling. Otherwise you'll sell below market price. If the ITO doesn't make its minimum then refunds will be at the price offered: 0.00025 BTC.

(Disclaimer: these are provisional remarks.)

This was the reason I brought up the question about refunds. I still hold my BLOCK from the exchange and haven't sold any on Polo. But those that have would be SOL. What would happen to those participating coins that Coingateway holds that can't be returned because of this? They hopefully wouldn't be put on the market to exchange for BTC because that could kill the coins. Would the unclaimed coins be destroyed?

And what if you have a situation where someone that exchanged a participating coin for BLOCK on coingateway, instead of getting those coins back, goes to POLO and exchanges the BLOCK for BTC at the 25k buy wall? There really is no way to control this.

And as a final note like you said, if it doesn't get funded, then all those that sold at a loss will take the loss. Those that bought at the discounted prices will now actually make some off those purchases because they will be selling into a buy wall on POLO. ALL OF THIS IS THEORETICALLY SPEAKING OF COURSE.

This is getting funded, but just wanted to cover the what ifs.

G-Bert

sr. member

Activity: 364

Merit: 250

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

+1

though I have a funny feeling the fudstorm may return briefly tommorrow. (if so, not hard to close it again)

Just seen Synechists post, good plan for an Updates only thread.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: demgains on November 04, 2014, 12:40:59 PM

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

We'll be doing this at some point. I'm also considering a separate thread just for announcements, so that they can all be on one easily accessible place instead of getting drowned out.

demgains

full member

Activity: 196

Merit: 100

Quote from: hoertest on November 04, 2014, 12:39:06 PM

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

I think it is safe to reopen the BTC talk thread again. The fud storm is over.

hoertest

hero member

Activity: 882

Merit: 1000

i know the team needs to be prepared but the rest should just think positiv .

Arlyn when will the xc thread be up again. guess you wanna restart with some news.

ib88

newbie

Activity: 56

Merit: 0

Quote from: laredo7mm on November 04, 2014, 12:28:58 PM

Quote from: McHammer on November 04, 2014, 12:25:05 PM

what about just cancelling blocknet?
my xc's would like that
so that xc would be again 100% backed by dan ...only thing encouraging to hodl

XC is still 100% backed by Dan, with or without Bolcknet.

+1

Add to the fact that if Dan's Blocknet vision comes to fruition his credibility will go through the roof. This will be huge for XC. It may not seem like it now with the price taking a beating with this smear campaign but hold strong and keep the faith. Dan has come through time and time again with XC, the price right now does not reflect this.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: laredo7mm on November 04, 2014, 12:21:16 PM

Quote from: WhiteNotWright on November 04, 2014, 12:12:33 PM

Quote from: laredo7mm on November 04, 2014, 12:10:11 PM

Quote from: synechist on November 04, 2014, 11:49:23 AM

REFUNDS:

Thanks for asking questions about refunds folks.

There are a few ways in which we could issue them:

- Bittrex's 48hr buy wall will be in place for Bittrex customers.

- Following this, if the Blocknet does not achieve its minimum amount of funding, the remaining BLOCK on Bittrex will be refunded with BTC.

- All BLOCK bought on CoinGateway can then be refunded using their transaction history.

- Finally, the remaining BLOCK can be withdrawn to users' wallets. From there, it is easy to prove ownership of coins by signing a message:
- A message containing the user's BTC address can be signed by the private key holding the user's BLOCK, and sent (over, say, email) to us.
- The user then pays BLOCK to an address we provide
- Upon receipt of the BLOCK we match the message with the address the BLOCK was sent from, and return BTC to the address in the message.

If the latter suggestion is too time-consuming or complicated, we could just put up a buy wall on Polo and Bter for 48 hours.

I think if there is going to be a refund (due to the minimum not being met), then it would have to be through a buy wall. I bought my Block tokens through Coingateway (with XC) and had them in my wallet in a few minutes. Since Poloniex is actively trading Block, then I could have sent by Coingateway Block tokens to Poloni and sold them there. If you then refund based on Coingateway's transaction history, I would get my refunded XC even though I had already sold my Block on Poloniex.

Is that possible? Or would Coingateway first verify that the original address that they sent the Block to still retained the initial amount before issuing a refund?

Yeah, that is going to be a mess if you have traded a lot of block already.

It is. I haven't sold any, but you know there are Coingateway tokens that have been sold on Poloniex so issuing a refund without verifying ownership of Block can't happen. I think Bittrex is taken care of. From what I understand trading will be frozen during the 48 hour refund window so people won't be able to deposit or withdraw. Is it the same with Bter? I think it is (i.e., deposit and withdraw are frozen).

Poloniex is the only sticky point and really messed up by allowing trading. IMO.

Good point about coins bought on CoinGateway being traded already. If you bought on CoinGateway and then sold your BLOCK, you won't be able to pay the BLOCK back to CoinGateway, in which case you wouldn't get a refund through them.

Important point: during Bittrex's 48hr buy wall period, no withdrawals or deposits of BLOCK will be possible. This prevents anyone who bought BLOCK on Bittrex losing out on the chance to sell. The Bittrex refund option is only offered to Bittrex customers.

Another important point: you should probably wait until the ITO is confirmed to have failed or succeeded before selling. Otherwise you'll sell below market price. If the ITO doesn't make its minimum then refunds will be at the price offered: 0.00025 BTC.

(Disclaimer: these are provisional remarks.)

aragoon

sr. member

Activity: 295

Merit: 250

I'm buying XC and BLOCK. Paying no attention to FUD. HODL long term.

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 311. (Read 1103311 times)