Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 462. (Read 1103293 times)

coins like ppc or doge would bring a huge userbase to blocknet which is just as important as the unique and innovative features of the current blocknet coins. so this is not about neither the one or the other , both well known coins and new innovative coins can benefit from taking part in the blocknet.

but blocknet had to start somewhere and its easier to start this with smaller coin teams. when this turns out to run smoothly i think a lot of old school coins will join and they are very welcome. If you are one hosting a service like XC private transaction by holding 1k xc you welcome them with open arms. 

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. 

What time on the 29th should we expect the ITO to start?

You must be new here. See: Ethereum. They literally have in their terms that the software itself may never even come to fruition, and that's part of the risk of participating in their IPO. And yet it was wildly successful.


I agree completely, but this is crypto, man. I highly doubt they'll make the 2500 from crowdfunding. What is more likely, is they have a couple people with significant bankrolls who can afford to buy out a significant share of the IPO. It's basically another way to hide a premine, they pay themselves some BTC for a significant portion of their own shares. Zero risk for them, big hype about zomg super successful IPO, etc.

The logic behind this multi-coin association is completely flawed without a technological proof-of-concept, as you said - until then it's just another token used to benefit the insiders while diminishing value of its constituent partners (the other coins). They talk a good talk, and they *will* have a successful IPO sale - the question is can you believe any of it, and the answer, as we've seen time and again in crypto - is no. Investing in the IPO is not an investment in this product, rather it's a bet that the insiders of this conglomerate have the competency and intent to use their large bankrolls and obfuscated token marketshare to pump the price up to the x4 goal they claim will be inherently  built into the design of this network. If they're savvy whales, that'd be pretty easy to do. Then they'll use that to sucker a new phase of buyers expecting the next rise, and so begins the tears for the not-so-savvy participants.

So, my point is - we won't get proof-of-concept or a demo. They don't need to give it. If they're not idiots they've *definitely* got the resources between these coin teams to self-buy and pump their own fresh IPO. Just like every other one, it's gonna be a big cash in for the insiders, a solid profit for intelligent traders, and a long line of bagholders wondering when the next update is.

Blocknet fees have to be paid in something right?

We're offering the community a chance to earn Blocknet fees by owning shares (tokens).

In return, the Blocknet gets development funding.

i was merely commenting on others points that they brought up while injecting my own point of view that i don't think tokens are needed in order to do currency conversions, which both supernet and blocknet use. Bit/Black halo has already shown that crosschain trading can be done without the need for a token. This is merely my opinion as a person.

Common Smurf... now you really talk bad about Blocknet after that big discussion in Shadows IRC? That was not that easy that answer to not participate for ShadowCash and it was really not that BLACK and White. There are Pro's and Con's of Blocknet and ShadowCash can succeed without it but it could had also be beneficial for ShadowCash.

IPO is not that bad deal because without money you don't have ressources for IT and Marketing / PR.

Disclaimer: I am invested in Shadowcash for quite a time now..

Thank you for the update, but it is still unclear why Blocknet shares are needed at all.

I would like to apologise for the inclusion of the "Reasons to buy Blocknet shares" paragraph in the OP.

It was not intended as investment advice, but rather as a cursory summation of fundamentals.

It has now been removed.

Well they may show something, flashy. But now you see why Shadow chose not to be a part of this project, and why the shadow team voted the way it did.

Why do you even need tokens or ipo. If you want a real decentralized exchange you use something like bit/black halo that allows direct cross-chain trading without using a token that has to be bought first.

can u get litecoin or doge in on this

Pretty much. Add a little bit of clairvoyant time travel and you'll be there.

No-one knows how long it'll take to appreciate that much. But its fundamentals imply that a successful implementation will be worth something like that amount.

Calling people haters you become one

Inteligent people have doubts.

Regarding your arguments:

1) Sharing experience is very nive. However... Lots of coins is no argument. People not need many unknown coins, just a single good
2) Profit of what? Unsuable coins? Here whalenet argument speaks to me more
3) Repeating 1) and 2)

I like the argument of cooperation, but what I see here is rather not understanding of people needs. That's why I have doubts in this project.

Again, what people and also business needs need is:

1. a) single good coin, b) extremly safe, c) user friendly coin, d) pretty design
2. a) mobile wallet and b) messagin platform, c) maybe other features like cloud storage

What people dont need is lots of coins and technology around they dont understand. They just want to make money transfer and pay for some goods easily.

how can we trust you to lead this project...when you didnt consider asking a lawyer to make sure that what you are saying is legal.

pretty ambitious project. they seem very confident with profit predictions though which makes me a bit nervous

how can we trust you to lead this project...when you didnt consider asking a lawyer to make sure that what you are saying is legal.

You must be new here. See: Ethereum. They literally have in their terms that the software itself may never even come to fruition, and that's part of the risk of participating in their IPO. And yet it was wildly successful.


I agree completely, but this is crypto, man. I highly doubt they'll make the 2500 from crowdfunding. What is more likely, is they have a couple people with significant bankrolls who can afford to buy out a significant share of the IPO. It's basically another way to hide a premine, they pay themselves some BTC for a significant portion of their own shares. Zero risk for them, big hype about zomg super successful IPO, etc.

The logic behind this multi-coin association is completely flawed without a technological proof-of-concept, as you said - until then it's just another token used to benefit the insiders while diminishing value of its constituent partners (the other coins). They talk a good talk, and they *will* have a successful IPO sale - the question is can you believe any of it, and the answer, as we've seen time and again in crypto - is no. Investing in the IPO is not an investment in this product, rather it's a bet that the insiders of this conglomerate have the competency and intent to use their large bankrolls and obfuscated token marketshare to pump the price up to the x4 goal they claim will be inherently  built into the design of this network. If they're savvy whales, that'd be pretty easy to do. Then they'll use that to sucker a new phase of buyers expecting the next rise, and so begins the tears for the not-so-savvy participants.

So, my point is - we won't get proof-of-concept or a demo. They don't need to give it. If they're not idiots they've *definitely* got the resources between these coin teams to self-buy and pump their own fresh IPO. Just like every other one, it's gonna be a big cash in for the insiders, a solid profit for intelligent traders, and a long line of bagholders wondering when the next update is.