Total funds committed have reached $164,388 including seed funds. We are now over 82% of the way to our goal of $200,000.
A basic website and logo are in development and are expected to be completed in the next couple weeks. We anticipate that their completion will speed up fundraising efforts considerably.
Topic: **MANDATORY UPGRADE REQUIRED** [ANN] B&C Exchange - All users must upgrade - page 25. (Read 174455 times)
June 09, 2015, 05:45:53 PM
June 08, 2015, 12:55:04 PM
Wow, only 20% left to go! 
If we somehow reach 100% before the banner ads are ready, will the advertisements be canceled? I imagine many shareholders would rather not advertise BlockShare sales after this goal is hit, as their share of the pie will only be diluted.
If we somehow reach 100% before the banner ads are ready, will the advertisements be canceled? I imagine many shareholders would rather not advertise BlockShare sales after this goal is hit, as their share of the pie will only be diluted.
From https://bitcointalksearch.org/topic/m.11478415:
Quote
If we meet our $200,000 fundraising goal and the blockchain is launched, shareholders can dictate what occurs with any currently undistributed BlockShares by casting a voting motion through the network.
The default decision will be to continue selling BlockShares until all ~80,750 shares are sold, in order to generate a healthy development fund for B&C Exchange. However, BlockShareholders could also vote to burn all undistributed shares at any point in time. This would increase each BlockShareholder's percentage of equity in the network, but decrease the amount of development funds available to improve the exchange beyond its minimum implementation. Should this occur, BlockShareholders could always vote for future custodial grants of new BlockShares to fund further development when they think it is needed.
BlockShares will provide its users with full control of B&C Exchange's operations and equity structure. Each BlockShareholder will essentially act as a decentralized manager of B&C Exchange.
The default decision will be to continue selling BlockShares until all ~80,750 shares are sold, in order to generate a healthy development fund for B&C Exchange. However, BlockShareholders could also vote to burn all undistributed shares at any point in time. This would increase each BlockShareholder's percentage of equity in the network, but decrease the amount of development funds available to improve the exchange beyond its minimum implementation. Should this occur, BlockShareholders could always vote for future custodial grants of new BlockShares to fund further development when they think it is needed.
BlockShares will provide its users with full control of B&C Exchange's operations and equity structure. Each BlockShareholder will essentially act as a decentralized manager of B&C Exchange.
We will continue with our current plan unless BlockShareholders indicate a different course of action through shareholder motion, when the production blockchain is launched.
June 08, 2015, 11:58:45 AM
Total funds committed have reached $161,348 including seed funds. We are now over 80% of the way to our goal of $200,000.
Wow, only 20% left to go!
If we somehow reach 100% before the banner ads are ready, will the advertisements be canceled? I imagine many shareholders would rather not advertise BlockShare sales after this goal is hit, as their share of the pie will only be diluted.
June 07, 2015, 01:36:23 PM
With the total of $161,348 pledged, 20,334 BKS has been reserved. The price of each BlockShare is now $4.08.
June 06, 2015, 08:22:39 PM
Total funds committed have reached $161,348 including seed funds. We are now over 80% of the way to our goal of $200,000.
June 04, 2015, 08:58:07 PM
@bcexchange
Tks for your answers on the naming and the current unit price.
For the current unit price, I meant a direct editing of the chart to avoid any confusion.
Sorry for the lack of clarification from my side.
Tks for your answers on the naming and the current unit price.
For the current unit price, I meant a direct editing of the chart to avoid any confusion.
Sorry for the lack of clarification from my side.
June 04, 2015, 07:31:04 PM
Once I have received my blockshares, should I start mining right away or wait until someone publishes their data feed for voting?
You can do whatever you like with your BlockShares, although we would expect that most users will begin minting immediately.
The most important initial custodial grants to watch will be those that ensure BlockCredit custodians have a regular, constant supply of BKC to sell for $1.00 on the market. It will be up to each individual shareholder to decide if they have the ability to monitor and vote on those requests, or if a data feed from a trusted community member should be selected to automatically configure their votes.
I think you should build up a threshold, for example 500 BKS, only beyond that, a signer can be voted for. There is "long con" where an honest node plays very reliably but suddenly commit some bad things long after.
Just like cold minting, there maybe two BKS private keys, one for transaction(cold storage), one for signing multiple signature, the latter is exposed online computer and can prove a certain NKS holder/address does have so many BKS, so that he/she can be voted. As long as those BKS is transferred to anther address the old address (below threshold) automatically lose any qualification to sign.
Anyway, we don't like some hypocritical people with few BKS get several/many signing addresses. The goal is build up a community where lots people have quite some BKS and they like mint and host signing node and furthermore: provide BKC liquidity.
What about build up a public BKS/BKC address which is the company BKS of this DAO/DAC, we collect revenue into this address, BKS holders vote to how to spend these revenue, for dividend or software development. BKS holders also need to pledge his BKS into this address in order to get some BKC and provide BKC liquidity.
June 04, 2015, 01:48:17 PM
Once I have received my blockshares, should I start mining right away or wait until someone publishes their data feed for voting?
You can do whatever you like with your BlockShares, although we would expect that most users will begin minting immediately.
The most important initial custodial grants to watch will be those that ensure BlockCredit custodians have a regular, constant supply of BKC to sell for $1.00 on the market. It will be up to each individual shareholder to decide if they have the ability to monitor and vote on those requests, or if a data feed from a trusted community member should be selected to automatically configure their votes.
June 04, 2015, 11:08:21 AM
Once I have received my blockshares, should I start mining right away or wait until someone publishes their data feed for voting?
June 04, 2015, 10:54:39 AM
I'm dumb and can't read. If I have nushares, do I get BKS?
Yes, if you own NuShares you are entitled to receive BlockShares when that network is launched. As the above table shows, 40% of all BlockShares will be redeemed automatically by NuShare holders.
June 04, 2015, 10:50:56 AM
This chart says that the 4.00 usd rack is sold out whereas in fact my understanding is that it is not.
That should be edited since it does not reflect the exact information.
That should be edited since it does not reflect the exact information.
We noticed this and changed it about a week ago: https://bitcointalksearch.org/topic/m.11475948
Your browser might need to be refreshed or the cache cleared to access the most recent announcement thread.
June 04, 2015, 10:48:48 AM
Is the name Blocks and Credits set in stone at this stage and is there any story behind the naming?
Irritant is correct. B&C Exchange is short for Blocks and Chains Decentralized Exchange. Our team went through a couple hundred ideas to decide on that name and we are happy with the branding potential. B&C Exchange is easy to remember, simple, and unlikely to cause language translation issues for non-English speakers. We had some great other name suggestions raised (and some downright terrible ones!) but ultimately landed on Blocks and Chains as a catchy, descriptive final moniker.
June 04, 2015, 06:54:48 AM
I'm dumb and can't read. If I have nushares, do I get BKS?
June 04, 2015, 05:41:26 AM
June 04, 2015, 04:57:38 AM
Is the name Blocks and Credits set in stone at this stage and is there any story behind the naming?
i think it is Blocks & Chains
June 04, 2015, 03:06:07 AM
Is the name Blocks and Credits set in stone at this stage and is there any story behind the naming?
June 03, 2015, 11:22:35 AM
When will development begin?
From https://bitcointalksearch.org/topic/m.11460328:
Quote
There are just a few issues that need to resolved for our Nu 2.0 release, particularly issue 167, 181, 188 and 199. When those are resolved, development will begin in earnest. The first iteration will consist of forking the Nu production blockchain into a testnet B&C Exchange blockchain. The next iteration will consist of the new voting types for B&C Exchange. The third iteration will focus on the first two or three messages unique to the B&C, such as the pairing of a BKS and BKC address and deposit public key lists. We will keep implementing new messages in the approximate order they would be used in until they are all done (so order fills will be done last).
We have already begun development of a B&C Exchange logo and basic website and they are progressing along nicely. We hope to present our logo here in the near future.
June 03, 2015, 07:39:08 AM
When will development begin?
May 31, 2015, 10:21:33 PM
Total funds committed have reached $154,737 including seed funds. We are now over 77% of the way to our goal of $200,000.
May 31, 2015, 10:19:48 PM
Since you now have access to the seed fund, is the B&C logo being designed so we can run those ad banners?
We are in the process of creating a B&C Exchange logo with a talented logo designer, yes. We can't provide an estimate for when it might be completed however. We will look at advertising publicly as soon as we're confident that we have created a professional quality brand that will have broad appeal.
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