[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 173.

G-Bert

sr. member

Activity: 364

Merit: 250

Quote from: Astroxjr on October 15, 2014, 07:04:00 PM

Hang on,

so has the ITO changed ?

Do we have to buy shares now?

I was under the impression they went to those that held XC Huh

No, that is seperate.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: Astroxjr on October 15, 2014, 07:04:00 PM

Hang on,

so has the ITO changed ?

Do we have to buy shares now?

I was under the impression they went to those that held XC Huh

No this is completely distinct from XC Inc, which will be a private company.

The rules for the Blocknet ITO are different from the XC Inc one.

hoertest

hero member

Activity: 882

Merit: 1000

Every coin generating some kind of revenue for his holders like XC will benefit hugely from this Network.

Teka

hero member

Activity: 840

Merit: 1000

Quote from: Astroxjr on October 15, 2014, 07:04:00 PM

Hang on,

so has the ITO changed ?

Do we have to buy shares now?

I was under the impression they went to those that held XC Huh

The Blocknet ITO is separate to the XC INC ITO.

Skatebird

legendary

Activity: 882

Merit: 1000

What do you call the next internet ??

broseph

full member

Activity: 135

Merit: 100

Quote from: synechist on October 15, 2014, 06:47:23 PM

Quote from: broseph on October 15, 2014, 06:43:52 PM

Quote from: dannyspk on October 15, 2014, 06:42:07 PM

Quote from: synechist on October 15, 2014, 06:40:06 PM

Quote from: KimmyF on October 15, 2014, 06:35:26 PM

Quote from: synechist on October 15, 2014, 06:31:15 PM

7

Provisional ITO rules.
This is completely separate from the XC Inc ITO, which will happen a fair bit later.

[snip]

The one thing im missing in this is: why would i want to buy into this? What's in it for token holders?

You'll be speculating on the success of the biggest powerhouse in crypto.

(Also, Blocknet-specific services (i.e. those not linked to any specific coin) are monetised and the revenues from them will be returned to holders.)

How do XC holders benefit from this? How do we participate in Blocknet's ITO?

From what I'm reading shares will be 10% off if you pay with one of the participating coins.
Question: What happens to coins that are used to pay for some shares?

Yes that's correct: 10% off the share price.

The coins will be under the control of the Blocknet Foundation, and they'll fund the development of the "internet of blockchains".

(BTW this isn't the same strategy as the XC Inc ITO. XC Inc is a private company and we wouldn't want it accepting XC coins because that would centralise the money supply. But the Foundation is controlled by all the participating coins so it's not an issue.)

A follow up question, when you say Blocknet Foundation will control those and will be used to fund development, does that mean those coins will get dumped on exchanges?

Astroxjr

full member

Activity: 182

Merit: 100

Hang on,

so has the ITO changed ?

Do we have to buy shares now?

I was under the impression they went to those that held XC Huh

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: synechist on October 15, 2014, 06:40:06 PM

Quote from: KimmyF on October 15, 2014, 06:35:26 PM

Quote from: synechist on October 15, 2014, 06:31:15 PM

7

Provisional ITO rules.
This is completely separate from the XC Inc ITO, which will happen a fair bit later.

[snip]

The one thing im missing in this is: why would i want to buy into this? What's in it for token holders?

You'll be speculating on the success of the biggest powerhouse in crypto.
(Also, Blocknet-specific services (i.e. those not linked to any specific coin) are monetised and the revenues from them will be returned to holders.)

Maybe to soon to ask now but my next question would be: where is the line?
eg: Integration of 'known atm' functionality will be routed true the XBridge == XMixer == XCurrency. With that part revenue is clear. (although got a lot of questions about choices to be made with conflicting tech) But your answer implicates that in the future there will also be 'some new' functionality (blocknet specific) thats only available to end-users (the ones that pay) in another way/tech. Think there is need for a clear line between the two set in stone.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: MemoryShock on October 15, 2014, 07:00:40 PM

Quote from: synechist on October 15, 2014, 06:55:46 PM

Here's a PDF version of all the announcements:

http://downloads.xc-official.com/images/14-10-15%20Blocknet%20presentation.pdf

You'll find that every previous announcement is now linked to it.

NHZ leaked it while you were on #3...kind of an interesting practice in patience keeping that quiet so your flow wouldn't get messed with...

Ha ha. Thank you! That was very ethical of you. :-)

MemoryShock

hero member

Activity: 728

Merit: 500

Quote from: synechist on October 15, 2014, 06:55:46 PM

Here's a PDF version of all the announcements:

http://downloads.xc-official.com/images/14-10-15%20Blocknet%20presentation.pdf

You'll find that every previous announcement is now linked to it.

NHZ leaked it while you were on #3...kind of an interesting practice in patience keeping that quiet so your flow wouldn't get messed with...

G-Bert

sr. member

Activity: 364

Merit: 250

Quote from: Teka on October 15, 2014, 06:56:07 PM

Quote from: G-Bert on October 15, 2014, 06:53:48 PM

Are the contributing coins the only ones that will be involved or could other developers join at a later stage?

Also, on a side note, what happened to QBK?

Other coins can apply to join later, The Blocknet Foundation will be responsible for deciding whether they are 'worthy' enough to join.

Sounds Good. thanks. (and thanks Aryln for the reply you posted below)

Teka

hero member

Activity: 840

Merit: 1000

Quote from: sugarboy321 on October 15, 2014, 06:56:34 PM

So I noticed DRK wasn't in the list? Grin

Hahhahha well they are welcome to apply later Wink

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: sugarboy321 on October 15, 2014, 06:56:34 PM

So I noticed DRK wasn't in the list? Grin

Hilarious!

G-Bert

sr. member

Activity: 364

Merit: 250

Quote from: synechist on October 15, 2014, 06:55:46 PM

Here's a PDF version of all the announcements:

http://downloads.xc-official.com/images/14-10-15%20Blocknet%20presentation.pdf

You'll find that every previous announcement is now linked to it.

Brilliant! I was just about to ask you for this to post on Reddit.

killakem

sr. member

Activity: 378

Merit: 250

Quote from: atcsecure on October 15, 2014, 06:51:44 PM

Quote from: Krushang on October 15, 2014, 06:49:27 PM

Hi everyone,

I would like to thank XC Team for choosing fibre to be part of Blocknet.

As synechist mentioned this is a win-win situation, we are here to do whatever is needed.

I believe Working together will bring more awareness worldwide for all participates.

We will be unstoppable

Krushang

Yes, we are creating a direct P2P eco-system that will embrace the potential, and continue to innovate in what is already becoming the next "Internet"

This day will go down in history and its a pleasure to be part of it!

Regards
Killa

MemoryShock

hero member

Activity: 728

Merit: 500

Quote from: Krushang on October 15, 2014, 06:49:27 PM

Hi everyone,

I would like to thank XC Team for choosing fibre to be part of Blocknet.

As synechist mentioned this is a win-win situation, we are here to do whatever is needed.

I believe Working together will bring more awareness worldwide for all participates.

We will be unstoppable

Krushang

I'm kind of excited to see the Fibre team here...they have been doing some outstanding work over there. SSD as well...

There are actually three coins I picked up and never sold when they launched that are on this list. My phone has been going off like nuts the past hour with exchange alerts...

This announcement was pretty rock and roll in my opinion. Looking forward to the next months of development...

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Quote from: G-Bert on October 15, 2014, 06:53:48 PM

Are the contributing coins the only ones that will be involved or could other developers join at a later stage?

Also, on a side note, what happened to QBK?

Other coins are welcome to join at a later stage.

QBK are still here, and their ad server is still on the roadmap.

sugarboy321

sr. member

Activity: 361

Merit: 250

So I noticed DRK wasn't in the list? Grin

Teka

hero member

Activity: 840

Merit: 1000

Quote from: G-Bert on October 15, 2014, 06:53:48 PM

Are the contributing coins the only ones that will be involved or could other developers join at a later stage?

Also, on a side note, what happened to QBK?

Other coins can apply to join later, The Blocknet Foundation will be responsible for deciding whether they are 'worthy' enough to join.

synechist

legendary

Activity: 1190

Merit: 1000

To commodify ethicality is to ethicise the market

Here's a PDF version of all the announcements:

http://downloads.xc-official.com/images/14-10-15%20Blocknet%20presentation.pdf

You'll find that every previous announcement is now linked to it.

Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 173. (Read 1484188 times)