Hey everyone, what if we called Blocknet tokens "blocks"?
(Ticker: BLOCK)
Opinions?
(Ticker: BLOCK)
Opinions?
It is good name, it should be connected to BlockNet and recognizable
And it is catchy
Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 458. (Read 1103311 times)
October 21, 2014, 12:34:59 PM
It is good name, it should be connected to BlockNet and recognizable
And it is catchy
October 21, 2014, 12:32:15 PM
how about making it very short
BN
BN
October 21, 2014, 12:28:18 PM
Hey everyone, what if we called Blocknet tokens "blocks"?
(Ticker: BLOCK)
Opinions?
(Ticker: BLOCK)
Opinions?
That is a very long ticker. How about dropping it to BCK or similar?
October 21, 2014, 12:24:46 PM
Hey everyone, what if we called Blocknet tokens "blocks"?
(Ticker: BLOCK)
Opinions?
(Ticker: BLOCK)
Opinions?
October 21, 2014, 12:16:54 PM
Quote
Wrong Blocknet is the Hosting.
XC, Fibre, Swift and all other coins are the "APPLICATIONS" .
Applications can make money.
Money can be shared.
Shareholders are Blocknet
Shareholders are Coins Participating
Shareholders are Maintenance Fees
That is my summary. And if I am honest I am looking forward to that. That gives a lot of possibilities.
XC, Fibre, Swift and all other coins are the "APPLICATIONS" .
Applications can make money.
Money can be shared.
Shareholders are Blocknet
Shareholders are Coins Participating
Shareholders are Maintenance Fees
That is my summary. And if I am honest I am looking forward to that. That gives a lot of possibilities.
For some newbies who don't understand Blocknet like me in the beginning.
October 21, 2014, 12:08:11 PM
Interested in buying in with a supported currency. How will those currencies have a 10% discount if tokens are just sold on Bittrex?
Prices of participating coins fluctuate relative to BTC. If Token/BTC price will be fixed at 25k satoshi, how will you fix the rate between Token/participating_coin given that participating_coin/BTC fluctuates? When tokens are available, coin pricing will become relative to the token's price.
While this won't lock the coins' prices absolutely, the potential for arbitrage will have the effect of converging prices relative to the token's price.
October 21, 2014, 11:24:08 AM
Interested in buying in with a supported currency. How will those currencies have a 10% discount if tokens are just sold on Bittrex?
Prices of participating coins fluctuate relative to BTC. If Token/BTC price will be fixed at 25k satoshi, how will you fix the rate between Token/participating_coin given that participating_coin/BTC fluctuates? October 21, 2014, 11:07:02 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely. 
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain
Hmm... thanks for that.
Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...
Brevity is not excuse when you're asking for $1,000,000.
Ha ha. Neither would a clunky and inordinately long essay. ;-)
October 21, 2014, 11:06:14 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain
Hmm... thanks for that.
Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...
Brevity is not excuse when you're asking for $1,000,000.
October 21, 2014, 11:04:12 AM
I have to agree with mxxxxxx, a central core or group of currencies that compose the core however, might be best.
What advantages do you see in a centralised approach?
The Blocknet is open and democratic (non-centered) because it needs to be an open and indefinitely extensible framework.
After all, why go through a core currency network when all of them will work just fine?
I though of that after a while in the future(having a core group of currencies), in the blocknet would become diluted? If every currency was equal, then ones without features could be added and not provide any extra service that coins with features(XC) would provide. Also having a core woul act as an incentive o obtain those currencies.
Maybe it could go by a decentralized ranking system, where currencies that contribute the most are placed in a higher pecking order in the blocknet, solving the issue of incentive to buy those currencies and dilution?
Personally I'd just opt for a non-centered approach with good service-finding features (i.e. the equivalent of Google search for the Blocknet).
Works fine for the internet...
October 21, 2014, 11:02:30 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain
Hmm... thanks for that.
Brevity demanded a fairly inaccurate summary of SuperNET's centralisation. Perhaps I should try expand on it to refer to NXT too...
October 21, 2014, 11:00:44 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain
Ah. In that case then I'd have to believe that having a core group of currencies that offer special features(anonymity, web "3.0, etc) would be best or some sort of ranking system like I proposed in my prior post.
October 21, 2014, 10:59:14 AM
I have to agree with mxxxxxx, a central core or group of currencies that compose the core however, might be best.
What advantages do you see in a centralised approach?
The Blocknet is open and democratic (non-centered) because it needs to be an open and indefinitely extensible framework.
After all, why go through a core currency network when all of them will work just fine?
I though of that after a while in the future(having a core group of currencies), in the blocknet would become diluted? If every currency was equal, then ones without features could be added and not provide any extra service that coins with features(XC) would provide. Also having a core woul act as an incentive o obtain those currencies.
Maybe it could go by a decentralized ranking system, where currencies that contribute the most are placed in a higher pecking order in the blocknet, solving the issue of incentive to buy those currencies and dilution?
October 21, 2014, 10:58:36 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
Keep in mind this statement isn't true. SuperNET doesn't rely on BTCD. BTCD is simply the flagship coin that offers the Teleport technology. SuperNET can be run standalone and will do that along with being embedded into the core coins wallets. SuperNET actually runs on the NXT blockchain
October 21, 2014, 10:52:33 AM
I have been buying some of each coin in the Blocknet! I think they are full of the moon!
October 21, 2014, 10:49:54 AM
I have to agree with mxxxxxx, a central core or group of currencies that compose the core however, might be best.
What advantages do you see in a centralised approach?
The Blocknet is open and democratic (non-centered) because it needs to be an open and indefinitely extensible framework.
After all, why go through a core currency network when all of them will work just fine?
October 21, 2014, 10:35:49 AM
You can 'hear hear' all you want but also "- BlockNET real value SHOULD equate the total combined value of every coin, mathematically, practically is another story, but still there is not promise out there" is idiotic.
It's not like you take-over each of the participating coins and their intrinsic value becomes Blocknets value. This is just plain retarded. You're just trying to copy Supernet's idea and try to make some money in between. At least Supernet's assets are backed by a 10% buy in, which DOES give it an intrinsic value.
You are just talking crap about that Blocknet's value is derived by it's so called 'incredible utility'. This is fine and all but you need to prove that first. Stating that mathematically (or practically) the value should be equal to the combined value of the participating coins is just a complete SCAM where you try to screw people over by luring them with a fictional ROI.
And I'm not stating anything about the concept or the technology, I support that, but the way you try to make money is just, well... Shame on you...
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
I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely.
Personally I'd love some proof-of-concept code to be released prior to the ITO.
Part of the XBridge code is actually completed so this might be possible.
Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.
Now pool all the developer talent from all the participating coins.
This code will get nailed down good and proper.
I have to agree with mxxxxxx overall, However, I believe having one currency as the central core or group of currencies that compose the core would be better than, "There's no central or core currency, unlike SuperNET, which uses BTCD for this"
October 21, 2014, 10:26:57 AM
Kenji, kindly refrain from posting unconstructive and abusive remarks.
October 21, 2014, 10:25:51 AM
Thanks for looking into that Synechist
Yes, spending will be made transparent - but investors will still need to trust the Blocknet Foundation, and foundation members are from each participating coin.
You're right that this doesn't make it a money grab.
I'm quite tempted by TheGer's suggestion of staggered funding separated by milestones... will see what the team thinks.
Re: the monetary aspect of this...
Synechist, am I understanding it correctly that the funds gathered and how they are spent will be made transparent to investors on a periodic basis and that the expenditure of funds will be overseen by the foundation?
If so, then I think the money-grab argument here doesn't apply as there seems to be a feedback loop mechanism in place here to allow everyone involved some level of input as to how the money is spent? Or at least the ability to see how it is being spent so that investors can sell and get out if they don't like what they see?
Synechist, am I understanding it correctly that the funds gathered and how they are spent will be made transparent to investors on a periodic basis and that the expenditure of funds will be overseen by the foundation?
If so, then I think the money-grab argument here doesn't apply as there seems to be a feedback loop mechanism in place here to allow everyone involved some level of input as to how the money is spent? Or at least the ability to see how it is being spent so that investors can sell and get out if they don't like what they see?
Yes, spending will be made transparent - but investors will still need to trust the Blocknet Foundation, and foundation members are from each participating coin.
You're right that this doesn't make it a money grab.
I'm quite tempted by TheGer's suggestion of staggered funding separated by milestones... will see what the team thinks.
Sure. Of course.
Speaking of this stuff, there's another factor that might alter people's perceptions:
It's not necessary for all the tokens to be sold. If less sell, the rest are destroyed and each token represents a larger portion of the Blocknet.
So it's not as if there's this enormous amount hanging over our heads. It's better to think of it like a lovely amount of headroom for its value to grow into.
After the ITO the tokens will trade normally regardless of how many are sold, so it comes to the same thing risk-wise. No-one needs to spend more so that all the tokens can be sold.
October 21, 2014, 10:22:11 AM
Self moderated topic from the beginning..and only positive feedback? 
No, thank you.
No, thank you.
Huh?
No.
- https://bitcointalksearch.org/topic/m.9277862
- https://bitcointalksearch.org/topic/m.9277603
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