Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 446. (Read 1103293 times)

the blocknet is like a network.  what you are looking at in that link is a programming language implimented into a coin.  it would make more sense to put that on xcurrency than the blocknet.

Took a while before one question that is actually important was asked.

Next question obviously is, how does the system deal with slippage, so you don't start with $5,000 worth of APEX and end up with $2,500 worth of APEX. And, how do you protect against people/bots exploiting the exchange when they know that soon someone's gonna have to sell a hefty amount of XST for APEX.

this is one thing I don't get.  my assumption with the other one (supernet? all out scam by jl777 dude to let him offload his assets wout tanking the market) was that this was why they were getting 10% of the coins to somehow have like a ripple effect of those 10% of coins always being available.

Put in coin A at current coin A/B price -> do coin B stuff with coin B that net owns -> exchange back for coin A without having to go to the exchanges.  it still seems like they'd run ou of popular coins and have too many of unpopular coins. 

but it gets really fuzzy in my head. 

Do any of the blocknet team have any thoughts on this?-https://bitcointalk.org/index.php?topic=826263.0
 Would it be possible to incorporate this into the blocknet?

this is one thing I don't get.  my assumption with the other one (supernet?) was that this was why they were getting 10% of the coins to somehow have like a ripple effect of those 10% of coins always being available.

Put in coin A at current coin A/B price -> do coin B stuff with coin B that net owns -> exchange back for coin A without having to go to the exchanges.  it still seems like they'd run ou of popular coins and have too many of unpopular coins.  

but it gets really fuzzy in my head.  

Took a while before one question that is actually important was asked.

Next question obviously is, how does the system deal with slippage, so you don't start with $5,000 worth of APEX and end up with $2,500 worth of APEX. And, how do you protect against people/bots exploiting the exchange when they know that soon someone's gonna have to sell a hefty amount of XST for APEX.

so you don't start with $5,000 worth of APEX and end up with $2,500 worth of APEX

What's the point?

Which is why you have a circle jerk going on in your thread rather than productive discussion.  & you have a very critical public facing thread in the more visited area of the forums.

Gotta keep the circlejerk going to keep people from dumping.  But on the other hand - the issue of not actually accepting negativity has forced it elsewhere.  Which keeps new money out of XC.

Funny how I always look for unmoderated threads if I'm contemplating an altcoins legitimacy now.  Why would I come "alongside" a community?  Truth doesn't come alongside anybody.  It sits there like an elephant in the room and pisses people off as they howl in pain at lost retirement accounts while Enron drops form $200 a share to .20.

Hey hey

Have you checked out the FAQ below the OP?

The XBridge is a protocol. There's only one XBridge.

The API supports a general-purpose application platform. Ultimately there aren't that many fundamental actions to code for. Their composites would specify a very wide range of potential applications. That said, no doubt the API will go through revisions from time to time, and more or less indefinitely, as technology advances.

Part of the XBridge code is done. But only part. The exchange is not done (though in reality I suspect there'll be multiple decentralised exchanges all competing to offer their services).


As for your SMS example, it would depend to a large extent on however XST code it, but here's a sketch:
Let's say you owe APEX.
And you want to SMS some APEX over to someone.
Your node would pay an XST node for the service, using APEX.
The APEX would be automatically exchanged for XST.
The XST node receive the XST and keep it as profit.
The XST node would pay the Blocknet microfee.
The XST node would take phone number you're sending the amount to.
It would send the amount in XST (because the SMS system is built on the XST blockchain).
The recipient node would receive the XST.
The recipient node would then convert the XST to APEX using the decentralised exchange.
The resulting APEX would then be sent to the recipient's APEX node.

If you're wondering how decentralised exchange works, this speculative post could turn into an interesting discussion.

Sure, I'll answer because I respect your question, but the way you ask it is deeply disrespectful to the people you're addressing. Just look at the emotive, scathing way you wrote that post that got banned.

My answer:
The reason that we are respecting investors' positions is that the 2500 BTC is a limit, not a requirement. We could've just made the amount indefinite, but instead we limited it, because an unlimited ITO is almost certain to be followed with a selloff. So because it's a limit, we create conditions where the price is likely to rise higher after the ITO.

Secondly (and more importantly), the 2500 BTC is not demanded from the market, it's just there for people to take if they want some. If the market doesn't want all the funds, we'll provably destroy the rest. Do you see that this means that the market is free to work out the value of Blocknet tokens, and is not forced or coerced in any way by the limit?

You have deleted a single post of mine where I was commenting on your marketing and IPO strategy. I am concerned with your marketing approach and the amount effort you are putting into it. There is so little substance and so much hype atm. I am thinking of investing, however I am increasingly becoming concerned.
I just want a reply to the following statement:

And we're not interested in having a squabble, so you get booted out.

Let me FTFY

It's the position you take up against the community those who try to sell new ideas & without finished & proving existing projects.  You don't come alongside them, you talk at them. aren't nice to rainmakers trying to pad their own pockets with press releases and trendy buzzword rather than provable (opensource) substance.

I read much marketing meaningless babble (like "the internet of blockchains"), but not much subtance or technical details...

could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?

the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?

Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?

thanks!

joebob999, it is deceitful to make out that revelation (or you, for that matter) is speaking "objectively".

It is not an issue of objectivity, for two reasons:

- revelation is being uncivil, not specifically untruthful. It's not a matter of objectivity but of respect for others.

- people have subjective viewpoints, not objective ones. So revelation couldn't "speak objectively" if he tried. He's not God.


Finally, you've behaved utterly awfully in the XC thread. Take this to heart, because it explains why Teka banned you from it.
You'd be fooling yourself if you think of yourself as a righteous and "objective" protester against "censorship". Get a grip.

How on Earth are you "respecting the possibility that hype could lead to overbought conditions during the ITO and prompt a selloff that harms investors"? You are trying to squeeze as much juice from investors as you can by offering huge IPO. You are NOT respecting the possibility of a selloff, you are creating that possibility with your enormous ceiling, 24h marketing and hype (and that fairytale story of 400-900% return). By doing this you are lowering post-ITO demand as investors that support you will be fully invested when the ITO ends.
Stop with the PR and marketing and bring some real development before the ITO.

Let me explain it in "human" terms, imagine that you have a city. In that city there are several shops. Some are shady, some have a good renommé. One of the shops with a good renommé decides that it is gonna build a mall. The shop invites other shops with a good renommé to join him in this shopping mall, but only shops that he can vouch for.
To fund the building of this shopping mall he creates shares. The shares are entitled to rent, in this case the shops decides that rent should be a small % of revenue.

You might have heard this in your local paper, but do you know what happens to the other shops in a city where there is build a mall? They DIE. People will go where they have options, that is the primus motor of capitalism OPTIONS/Choice.

So will the BlockNET benefit XC? BlockNET will enable the average consumer that is new to bitcoin to flirt with altcoin services all in one safe place. (like an android market or iStore).

Will BlockNET take away from XC development time? It has been stated that Xbridge is build on XC-tech, in that case most of the developement is already done.

Will BlockNET be a good investment? That depends on if someone will buy at a higher price that you did, like with everything else. But it also depends on how much "rent" it can cash in.

Will XC benefit from BlockNET? Yes! where is the money?! in the app-stores or in the non-legit apps for your phone? Ever wondered why restaurants and barber shops are so close to each other? Hotellings law(Nash equilibrium) is part of that why, but also because they benefit each other by making the customers first choice easy, where should i go shop? after that the question is, what am I in the mood for.

It is not the Product that is being sold, it is the problem that is being provided a solution to, it is all about enhancing the customer experience.

/end rant