Author

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 435. (Read 1103293 times)

hero member
Activity: 882
Merit: 1000

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

You will need a blockchain service to be imbedded in the block-net , hence a new coin. It is not web 3.0

a new coin for every feature?
we are back to exchange risks and slippage... for every service...?

synechist said that services dont need an exchange to get used. which is true?

the blocknet doesn't have features. coins do. and attractive features will see more use than niche features so the will not all be used at the same rate. a new feature can come to blocknet through both an existing coin expanding its palette of a new unique coin joining.
hero member
Activity: 882
Merit: 1000

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

as i understand it blocknet doesn't implement services. its just the summ of all coins and by so their nodes connected by enabling the xbridge. so if amazon is a coin in you example. the walmart shop would be another coin joining OR the amazon coin expanding its service by hosting shops on its blockchain. both is possible.


the Blocknet is not an entity . Its the joining coins offering services.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

You will need a blockchain service to be imbedded in the block-net , hence a new coin. It is not web 3.0

a new coin for every feature?
we are back to exchange risks and slippage... for every service...?

synechist said that services dont need an exchange to get used. which is true?

No, an indefinite number of services can be offered by any one coin.

Services can use a decentralised exchange if they want, but it's not compulsory.

The question of slippage has been addressed already.
sr. member
Activity: 266
Merit: 250

Exactly this can be resolved simply by letting join all the coins that want to join the blocknet and then the fundation will then mark them as reputable of trust or not. that's it. the customer than can differ scam coins from others and no centralized control

still a little centralized (esp if you look at WHO is at the blocknet foundation - coindevs) but its ok - its a little like googles playstore vs amazons app store..

i can live with that
sr. member
Activity: 266
Merit: 250

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

You will need a blockchain service to be imbedded in the block-net , hence a new coin. It is not web 3.0

a new coin for every feature?
we are back to exchange risks and slippage... for every service...?

synechist said that services dont need an exchange to get used. which is true?
hero member
Activity: 700
Merit: 500

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


The XBridge will be open source tech. Anyone can add it to their code.

The plan is to create an internet of blockchains; therefore the architecture we create will be indefinitely extensible and not centrally controlled.

However, at least initially (and potentially for the indefinite future) we also require that coins be ratified by the Blocknet Foundation. This is in order to exclude "scamcoins" and to make it unviable for them to compete against Blocknet-enabled coins.


that means central control: something the internet never had...

as the blocknet foundation mainly consists of developers of existing coins this means new coins would have a hard way to join

gotta agree with you there. some time down the road the ratification has to stop. it could still be in place for joining the foundation but the Xbridge itself should be at hand of every developer to build into his coin. once the blocknet has grown and an on blocknet free market of reputable competing coins is established scamcoins would have a hard time anyway winning over traffic or creating buypressure for themselfs on the blocknet. But competition on the blocknet is crucial and since there are already various anon coins on blocknet from the getgo i think they share this view.

You wanna create buypressure on the blocknet you have to get alot of cross use and generate fees. by so you also become an attractive long term hold.

Exactly this can be resolved simply by letting join all the coins that want to join the blocknet and then the fundation will then mark them as reputable of trust or not. that's it. the customer than can differ scam coins from others and no centralized control
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

The protocol for Blocknet services is the XBridge protocol.

There'll be an API, a generalised application platform, and a marketplace for finding services.

Services will not need ratification by the foundation. Only coins will.
hero member
Activity: 700
Merit: 500

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)

You will need a blockchain service to be imbedded in the block-net , hence a new coin. It is not web 3.0

Edit: so Am I wrong here?
hero member
Activity: 882
Merit: 1000

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


The XBridge will be open source tech. Anyone can add it to their code.

The plan is to create an internet of blockchains; therefore the architecture we create will be indefinitely extensible and not centrally controlled.

However, at least initially (and potentially for the indefinite future) we also require that coins be ratified by the Blocknet Foundation. This is in order to exclude "scamcoins" and to make it unviable for them to compete against Blocknet-enabled coins.


that means central control: something the internet never had...

as the blocknet foundation mainly consists of developers of existing coins this means new coins would have a hard way to join

gotta agree with you there. some time down the road the ratification has to stop. it could still be in place for joining the foundation but the Xbridge itself should be at hand of every developer to build into his coin. once the blocknet has grown and an on blocknet free market of reputable competing coins is established scamcoins would have a hard time anyway winning over traffic or creating buypressure for themselfs on the blocknet. But competition on the blocknet is crucial and since there are already various anon coins on blocknet from the getgo i think they share this view.

You wanna create buypressure on the blocknet you have to get alot of cross use and generate fees. by so you also become an attractive long term hold.
sr. member
Activity: 266
Merit: 250

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



let me rephrase that question: the internet has ip addresses and http as a well defined protocol to reach services.

what has blocknet in this regard?
i think its an easy question: blocknet is for services: so please tell me how i would implement one?

is it also like coins that the blocknet foundation has a say if i am able to publish it? (thats a little like amazon is needed to allow a walmart onlone shop)
sr. member
Activity: 266
Merit: 250

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.



i dont talk about wallets i talk about the blockchain - if there is no modification to the blockchain needed this means i can make a new btc wallet which i use solely and provide a btc exchange to blocknet...

only question (for me) is: how is this trustless? afaik you need atomic transactions: how do you enforce them when you dont have blockchain support?
again.. i NEED more technical infos...
sr. member
Activity: 266
Merit: 250
its a big difference... this for example essential means that btc will never join and therefor MANY coins cannot be exchanged.


Anyone could create a Blocknet-enabled BTC wallet.


ok, that answers my question: so there is NO work required from a coin dev? any dev can adopt blocknet for any existing coin? thats nice Wink

and this is trustless?
hero member
Activity: 882
Merit: 1000

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


a bit of both. the coin devs have to decide if they wanna join by building the xbridge into their wallet. that should work with every blockchain though.

its a big difference... this for example essential means that btc will never join and therefor MANY coins cannot be exchanged.

another question: blocknet is about services (which is not bad)

is there some kind of p2p-google to find them?
how would i implement a service (lets say escrow for simplicitys sake) without developing a new coin?
and how would my users find and use me?

well btc is a special case . as i understand there are several third party btc wallets so one with the xbridge enabled could be build. regarding finding . the internet doesn't stop with blocknet arrival. this is getting started and a p2p google is a great vision btw but traditional vehicles of marketing your services available on the blocknet will still be used specially in the beginning.

sr. member
Activity: 266
Merit: 250

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


The XBridge will be open source tech. Anyone can add it to their code.

The plan is to create an internet of blockchains; therefore the architecture we create will be indefinitely extensible and not centrally controlled.

However, at least initially (and potentially for the indefinite future) we also require that coins be ratified by the Blocknet Foundation. This is in order to exclude "scamcoins" and to make it unviable for them to compete against Blocknet-enabled coins.


that means central control: something the internet never had...

as the blocknet foundation mainly consists of developers of existing coins this means new coins would have a hard way to join
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
its a big difference... this for example essential means that btc will never join and therefor MANY coins cannot be exchanged.


Anyone could create a Blocknet-enabled BTC wallet.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


The XBridge will be open source tech. Anyone can add it to their code.

The plan is to create an internet of blockchains; therefore the architecture we create will be indefinitely extensible and not centrally controlled.

However, at least initially (and potentially for the indefinite future) we also require that coins be ratified by the Blocknet Foundation. This is in order to exclude "scamcoins" and to make it unviable for them to compete against Blocknet-enabled coins.
sr. member
Activity: 266
Merit: 250

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


a bit of both. the coin devs have to decide if they wanna join by building the xbridge into their wallet. that should work with every blockchain though.

its a big difference... this for example essential means that btc will never join and therefor MANY coins cannot be exchanged.

another question: blocknet is about services (which is not bad)

is there some kind of p2p-google to find them?
how would i implement a service (lets say escrow for simplicitys sake) without developing a new coin?
and how would my users find and use me?

EDIT: it should be possible for a third party to develop a btc-sidechain and integrate that into blocknet. but afaik this also needs coin support for sidechains (and as soon as you have sidechains you can easily integrate features (NOT services) without any fear of slippage)
hero member
Activity: 882
Merit: 1000

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?


a bit of both. the coin devs have to decide if they wanna join by building the xbridge into their wallet. that should work with every blockchain though.
sr. member
Activity: 266
Merit: 250

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.



is it true that blocknet can integrate every blockchain? i thought its the other way around: a coin has to join?
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
gr8.this faq predicts 900% gains.cant take that seriously.sorry but that was Too Bolt.

Huh? No it does not predict 900% gains. What FAQ are you looking at?

This is the FAQ: https://bitcointalksearch.org/topic/m.9269808

You should at least be honest - the fact that You removed this prediction does not mean it was not there before. Anyway, I can´t see any benefit in blocknet, as there already are few other players, including sidechains, which probably win.

Be "honest"? Are you nuts?

1) With regard to questions that have nothing to do with this 900% gains stuff, I referred McHammer to the *current* FAQ. This has nothing to do with the content of previous FAQs.

2) In the one question where McHammer did refer to 900% gains I requoted my public apology for previously including that paragraph. https://bitcointalksearch.org/topic/m.9335337. I'm not hiding anything. I'm being open about it.


If you can't see any benefit to the Blocknet, you've probably not seen what the Blocknet actually is, having been blinded by your preconceptions. Sidechains are not an "internet of Blockchains." They're not even a decentralised exchange.

They're certainly not an XBridge that can integrate every *existing* blockchain. What's a better plan: integrate every existing blockchain, or persuade every altcoin to scrap its blockchain, its community, and its market cap, rewrite itself as a sidechain, and play tag-along to the Bitcoin Foundation? Easy one, that.

Jump to: