Topic: Closed Thread - page 365. (Read 677685 times)
NODE will in Supernet ?
Old days:
USD --> BTC --> altcoins
SuperNET with NODE fiat exchange:
USD --> NODE --> altcoins
How big are chances for NODE to deliver fiat exchange and be part of SuperNET?
USD --> BTC --> altcoins
SuperNET with NODE fiat exchange:
USD --> NODE --> altcoins
How big are chances for NODE to deliver fiat exchange and be part of SuperNET?
When this will be real, than 1 stake (with a marketcap of 10 billion dollar) is worth now 6 Million Dollar!
When this will be true, than every who sold his stake under 1 Million Dollar (most sold for 500 Dollar lol) or less will really cry.
wow Very like this
looking forward to this coin!
Does it make sense for the client to re-verify all blocks at every start or will this behavior get fixed in a later version?
The way blocks get re-verified will be changed later.
Does it make sense for the client to re-verify all blocks at every start or will this behavior get fixed in a later version?
Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?
we will see this very soon, today or tomorow the witepaper with roadmap will be posted, my prediction is about 0,10 usd or more is the begin. TOP 5 in few days !!! at this moment 1 node = 0,06 usd in trade thread.
Sorry if this was asked again, I invested on this many month ago but when will the coin launched and also any idea how many $ will be...so will be around 0,01$, more or less per node?
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
You are wrong and right at the same time!
You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.
keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses to accept and release fiat without spending extra on accounting!
Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!
Yes, refer to it as "legal evasion"
So sick, I am feeling like an analphabet.
So how works the process?
I have Fiat, I want altcoinXY through NODE.
What do I have to do?
Which convertains will it take during the whole process?
Where/Who will be converted/convert?
Maybe we need a picture.
ok, maybe i'm explaining it wrong! Sorry for making you feel like an alphabet!
You are somehow mistaking Node for an Exchange! When i referred to connecting to different exchanges i mean that you will be able to access your already existing exchange account (like btc38) within the client - for ease of interaction. Meaning that we will only assure you with an different user experience, but in no case an exchanging service!
So to understand how the process of transferring fiat we will examine the situation that you provided above:
- So you have 1000 NODEs in your account in order to transform those nodes in to BTC/USD/Eur you will have to visit an exchange. There you will be able to convert them in to other assets.
The Transaction validation in Node is instant so your deposit will be added on exchanges immediately!
- Let's say you sold you 1000Nodes for 500$, now the exchange lets you withdraw them trough banking services or, get them to your Node Fiat account! Node: the difference between the accounts is the particular asset extension "Usd - Eur".
- Let's say you chose to get them back to your node account! Now you can do the following:
1) Send them to another Node account holder
2) Pay for goods/ services
3) Withdraw
But as i mentioned before, when we will connect the exchanges within the wallet, and thanks to the blazing confirmation speed we will be able to create and express exchange within your dashboard, allowing you to do exchange very fast from one asset to another asset accepted within the wallet.
Does it make sense ?? Any questions??
Alright, thank you. It makes sense.
Looks like we will get Crypto-metatrader ;-) Awesome
But I was right in one point, there is no integrated Fiat exchange like mentioned before.
It´s good to clearify this now, before someone is disappointed. But I do like the concept.
Ok, so I have 1000 NODE's and want to change them into USD, I will have to find an external exchange that will take my 1000 Node's and give me USD?
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
You are wrong and right at the same time!
You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.
keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses to accept and release fiat without spending extra on accounting!
Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!
Yes, refer to it as "legal evasion"
So sick, I am feeling like an analphabet.
So how works the process?
I have Fiat, I want altcoinXY through NODE.
What do I have to do?
Which convertains will it take during the whole process?
Where/Who will be converted/convert?
Maybe we need a picture.
ok, maybe i'm explaining it wrong! Sorry for making you feel like an alphabet!
You are somehow mistaking Node for an Exchange! When i referred to connecting to different exchanges i mean that you will be able to access your already existing exchange account (like btc38) within the client - for ease of interaction. Meaning that we will only assure you with an different user experience, but in no case an exchanging service!
So to understand how the process of transferring fiat we will examine the situation that you provided above:
- So you have 1000 NODEs in your account in order to transform those nodes in to BTC/USD/Eur you will have to visit an exchange. There you will be able to convert them in to other assets.
The Transaction validation in Node is instant so your deposit will be added on exchanges immediately!
- Let's say you sold you 1000Nodes for 500$, now the exchange lets you withdraw them trough banking services or, get them to your Node Fiat account! Node: the difference between the accounts is the particular asset extension "Usd - Eur".
- Let's say you chose to get them back to your node account! Now you can do the following:
1) Send them to another Node account holder
2) Pay for goods/ services
3) Withdraw
But as i mentioned before, when we will connect the exchanges within the wallet, and thanks to the blazing confirmation speed we will be able to create and express exchange within your dashboard, allowing you to do exchange very fast from one asset to another asset accepted within the wallet.
Does it make sense ?? Any questions??
NEM is another topic man ...
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
You are wrong and right at the same time!
You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.
keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses to accept and release fiat without spending extra on accounting!
Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!
Yes, refer to it as "legal evasion"
So sick, I am feeling like an analphabet.
So how works the process?
I have Fiat, I want altcoinXY through NODE.
What do I have to do?
Which convertains will it take during the whole process?
Where/Who will be converted/convert?
Maybe we need a picture.
what about NEM?
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
You are wrong and right at the same time!
You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.
keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses to accept and release fiat without spending extra on accounting!
Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!
Yes, refer to it as "legal evasion"
So sick, I am feeling like an analphabet.
So how works the process?
I have Fiat, I want altcoinXY through NODE.
What do I have to do?
Which convertains will it take during the whole process?
Where/Who will be converted/convert?
Maybe we need a picture.
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
You are wrong and right at the same time!
You are right there will be a gateway that will connect the fiat stream with Node-crypto! But it won't equivalate Fiat to Nodes, as its working principle is to act as a medium for payment processing. It is important to keep things separate as it won't create problems, for example: if we were to transform nodes to fiat and vice-versa ignoring the value fluctuation, it will only create a liquidity problem at an given point of time.
keeping things separate keeps the value and doesn't dilute it, which is very important! Also it creates an opportunity for exchanges or other types of businesses to accept and release fiat without spending extra on accounting!
Also as a concept there is an idea of connecting different exchanges within Node, sure this is still young to discuss but, your Node account will have an "in-app" tab which will allow you to select one or more exchanges as default, allowing you to buy/sell you assets within the client. At this point exchanging fiat to node will be just a matter of clicks! Sure, this will be implemented only after time passes and node proves it seriosity and trustworthiness!
Yes, refer to it as "legal evasion"
Node devs should research SuperNet more before making a decision.
Some people have brought up very good points about SuperNet, and also the fact that Busoni made this announcement is not really helping SuperNet's cause:
After careful deliberation, we have decided to not participate in the SuperNet ICO. I understand that a large community is excited about SuperNet, and since we were initially announced as the ICO host, I wanted to take a moment to explain how we came to arrive at this decision.
For the past couple of days, we’ve been in discussions with our attorneys about hosting the SuperNet ICO. As several community members pointed out in this very thread, the sale of SuperNet tokens could be interpreted as the sale of unregistered securities. Our attorneys came to the same conclusion and have since advised us against taking part in the SuperNet ICO for this reason.
Further, one of our ICO requirements is identity verification (https://www.poloniex.com/icoRequirements); this requirement exists to protect investors and to lend credibility to the ICO. Despite several attempts to convince James the importance of revealing his identity, we were ultimately unable to reach an agreement that satisfied both parties.
We needed time for due diligence, to carefully assess the legal implications of taking part in SuperNet, and also the time to set up our backend systems to support it. James was very eager to get this going, however, so he chose to go with another host before we could communicate to him our findings and final decision.
We have since communicated with James, and we wish him the best of luck.
For the past couple of days, we’ve been in discussions with our attorneys about hosting the SuperNet ICO. As several community members pointed out in this very thread, the sale of SuperNet tokens could be interpreted as the sale of unregistered securities. Our attorneys came to the same conclusion and have since advised us against taking part in the SuperNet ICO for this reason.
Further, one of our ICO requirements is identity verification (https://www.poloniex.com/icoRequirements); this requirement exists to protect investors and to lend credibility to the ICO. Despite several attempts to convince James the importance of revealing his identity, we were ultimately unable to reach an agreement that satisfied both parties.
We needed time for due diligence, to carefully assess the legal implications of taking part in SuperNet, and also the time to set up our backend systems to support it. James was very eager to get this going, however, so he chose to go with another host before we could communicate to him our findings and final decision.
We have since communicated with James, and we wish him the best of luck.
1) No! The BTC/Eur/USD Integration stands for the ability to send and receive BTC/Eur/USD trough Node! There is no internal exchange! So no liquidity issue!
How is one going to send BTC let a lone EUR through NODE if there is no internal exchange ?
In simple terms, the Blockchain will allow sending information, back and forth, this is not something new, the key element here will be NODEBank which will ease the transition between fiat and crypto! We refer to it as Nodebank because it connects the blockchain transparency with financial gateways letting take advantage of both financial solutions, benefiting the end user.
In some way our system will implement the same principle as an exchange, in terms of depositing and manipulating funds, except the part of "exchanging". The currency will keep its form, and won't be diluted!
I think here is the explanation, but it doesn´t make me understanding this completely.
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
I'd say wrong as that wouldn't be anything new. You can calculate the fiat value of any coin and then transfer the coin equivalent.
The way i understand this there will be a way to relly transfer fiat into the NODE network and use that.
I am not 100% sure, but I don´t think there won´t be a fiat gateway integrated in NODE.
As I understood that, you can send USD/BTC/ etc value, transported by NODE. But you can´t buy NODE directly with USD in the NODE-Wallet.
So you have 1000 NODEs equals 500$. So you choose the USD Wallet and send 500$. The receiving account gets 500$ equals 1000 NODEs.
So it is technically a NODE transfer, but you can see it as USD in your Wallet. But if you want to cash out, you have to go to on exchange with your NODEs and cashout Fiat from there.
Right? Wong?
is node joining supernet?
I can not wait, I think we have great news today
Old days:
USD --> BTC --> altcoins
SuperNET with NODE fiat exchange:
USD --> NODE --> altcoins
How big are chances for NODE to deliver fiat exchange and be part of SuperNET?
I'd say it's a great chance, people are just waiting for one to feel the real exchange value of NODE, TOP 5 !!! USD --> BTC --> altcoins
SuperNET with NODE fiat exchange:
USD --> NODE --> altcoins
How big are chances for NODE to deliver fiat exchange and be part of SuperNET?
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