[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 456.

crackfoo

legendary

Activity: 3556

Merit: 1126

Quote from: cloudboy on October 21, 2014, 02:48:40 PM

Quote from: mxxxxxx on October 21, 2014, 09:27:08 AM

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

Please explain how SuperNET is not p2p.

He's just quoting the OP literature, but yeah, none of the points are really valid.

mav137

full member

Activity: 163

Merit: 100

There is gonna be a wallet, just until the tokens can be redeemed on NHZ asset exchange

jefams

newbie

Activity: 20

Merit: 0

Hi Mave137,

Thanks, I just read that you can buy tokens with the coins who joined for 10% discount on Bittrex!! The start is from 29 october!!
What I can not find is where i can save the tokens!!

You not going to save them on Bittrex I guess.

thanks,

Jef

mav137

full member

Activity: 163

Merit: 100

Jef if you want to invest, have a read in the past pages, your questions have been answered there. It's a good thing to read up on the whole thread to get a good feel on the project and the different perceptions that others have.

jefams

newbie

Activity: 20

Merit: 0

Hi all,

I just read about blocknet!! Really cool project and I would like to be a part of it.

I had some question as a newbie:

Where can I buy the blocknetcoins?
Are there different blocknet coins already for sell?
Is there a wallet I need to download to save the coins?

Maybe someone can guide me.

thanks all,

Jef

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: Jbanna on October 21, 2014, 03:05:03 PM

if there are 2500btc available for purchase, how will it be separated into walls for coins? Will it be an equal 250BTC sell wall worth (of respective altcoin) for each all participating coins including bitcoin? And how will these walls be separated throughout different exchanges and on the nhz asset exchange?

There's been some conversation about that.

We should divide tokens between exchanges by typical volume, and between coins by typical volume too.

Also if one exchange or coin pairing sells quickly, it should be possible to move some coins around.

Cassius

legendary

Activity: 1764

Merit: 1031

Watching.
I haven't had a chance yet to read the whole thread, but what will BlockNET's privacy protocol be?

Jbanna

full member

Activity: 151

Merit: 100

if there are 2500btc available for purchase, how will it be separated into walls for coins? Will it be an equal 250BTC sell wall worth (of respective altcoin) for each all participating coins including bitcoin? And how will these walls be separated throughout different exchanges and on the nhz asset exchange?

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: ed_teech on October 21, 2014, 02:50:47 PM

I don't know if this has been asked or not, but if somebody buys Blocknet tokens with a cryptocurrency other than BTC, how will the price conversion take place ? I'm worried if moving large amounts has a bad dump impact on the cryptocurrencies price, if they are changed in a market.

Buying Blocknet tokens will not affect a coin's price.

The ITO will simply be a sell wall in a BLOCK:XYZcoin pairing.

And after the ITO is over, only BTC:BLOCK pairings will remain in operation on exchanges.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: mr_random on October 21, 2014, 02:46:13 PM

Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?

I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.

You'll be able to redeem them to a regular PoS wallet until they can be redeemed for NHZ assets.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: cloudboy on October 21, 2014, 02:48:40 PM

Quote from: mxxxxxx on October 21, 2014, 09:27:08 AM

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

Please explain how SuperNET is not p2p.

I was asked to not discuss it any more and will respect that

Both SuperNet and BlockNet will be fine

ed_teech

hero member

Activity: 508

Merit: 500

Jahaha

I don't know if this has been asked or not, but if somebody buys Blocknet tokens with a cryptocurrency other than BTC, how will the price conversion take place ? I'm worried if moving large amounts has a bad dump impact on the cryptocurrencies price, if they are changed in a market.

cloudboy

hero member

Activity: 690

Merit: 501

Quote from: mxxxxxx on October 21, 2014, 09:27:08 AM

There are at least three fundamental differences between the Blocknet and Supernet:

- XBridge is not an RPC call protocol, it's a true P2P protocol
- There's no central or core currency, unlike SuperNET, which uses BTCD for this
- Joining the Blocknet does not involve 10% of a coin's money supply being bought and centrally controlled

Shame on you

Please explain how SuperNET is not p2p.

mr_random

legendary

Activity: 1344

Merit: 1001

Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?

I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.

mxxxxxx

legendary

Activity: 2310

Merit: 1000

Quote from: synechist on October 21, 2014, 02:29:05 PM

In other news...

The ITO will also be taking place on Bter!

I hope this means too that all participating coins will be put there also for normal trading

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

In other news...

The ITO will also be taking place on Bter!

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: Jbanna on October 21, 2014, 02:10:40 PM

Quote from: synechist on October 21, 2014, 01:52:28 PM

Quote from: ?? on ??

Quote from: kingbtcvl on October 21, 2014, 01:43:04 PM

lets assume all tokens will be sold. then you will probably have a bunch of all participating coins. what will you do with them?
i mean if you sell them to the market all at once you will crash the corresponding coin. but on the other hand you will need to sell some to pay the development, won't you?

Good point

All coins will be used to fund development.

They will not need to be sold or dumped; they'll be paid to developers in little amounts, over the duration of the project.

What this does is increase actual usage of the coins. It won't suppress their price.

Can we have visibility of how many blocknet tokens are going to be bought by participating coins?

If for instance the teams had a combined value of $700,000 in their respective cryptos, they'd be able to get 70% of the blocknet for absolutely free (assuming they get the coins back after investing to THEMSELVES) AND 10% OFF. Investors would feel better with visibility on who is holding these coins.

It would be great if the participating coins could beforehand mention the percentages of tokens they are taking FOR FREE in the blocknet.

Well, no-one can get coins "for free".

If a coin (that is, a crypto-project) buys a token, they pay for it in coins like everybody else.

Also, if a crypto-project buys Blocknet tokens, they not investing in themselves, they're taking their own funds and giving them to the Blocknet fund.

Blocknet funds are used to develop Blocknet-related technologies, not just any coin's features.

Jbanna

full member

Activity: 151

Merit: 100

Quote from: synechist on October 21, 2014, 01:52:28 PM

Quote from: ?? on ??

Quote from: kingbtcvl on October 21, 2014, 01:43:04 PM

lets assume all tokens will be sold. then you will probably have a bunch of all participating coins. what will you do with them?
i mean if you sell them to the market all at once you will crash the corresponding coin. but on the other hand you will need to sell some to pay the development, won't you?

Good point

All coins will be used to fund development.

They will not need to be sold or dumped; they'll be paid to developers in little amounts, over the duration of the project.

What this does is increase actual usage of the coins. It won't suppress their price.

Can we have visibility of how many blocknet tokens are going to be bought by participating coins?

If for instance the teams had a combined value of $700,000 in their respective cryptos, they'd be able to get 70% of the blocknet for absolutely free (assuming they get the coins back after investing to THEMSELVES) AND 10% OFF. Investors would feel better with visibility on who is holding these coins.

It would be great if the participating coins could beforehand mention the percentages of tokens they are taking FOR FREE in the blocknet.

Revelation

sr. member

Activity: 462

Merit: 250

Quote from: synechist on October 21, 2014, 01:52:28 PM

Quote from: ?? on ??

Quote from: kingbtcvl on October 21, 2014, 01:43:04 PM

lets assume all tokens will be sold. then you will probably have a bunch of all participating coins. what will you do with them?
i mean if you sell them to the market all at once you will crash the corresponding coin. but on the other hand you will need to sell some to pay the development, won't you?

Good point

All coins will be used to fund development.

They will not need to be sold or dumped; they'll be paid to developers in little amounts, over the duration of the project.

What this does is increase actual usage of the coins. It won't suppress their price.

Well, they will be dumped by developers, because they need fiat for everyday expenses.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: ?? on ??

Watching.

Quote from: EmilioMann on October 21, 2014, 09:45:49 AM

Very nice! I will buy with XST and SSD Cheesy

This must be the exit a lot of people have been waiting for. Tongue

Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 456. (Read 1103311 times)