BLOCKNET General - [BLOCK] >Currently rank 95+ on coinmarketcap with a cap of 20mil. >Tiny trade volume and support @200sat >Will easily hit 80mil next month after DEX is out of beta + Wallet overhaul.
This shit is gonna moon so hard once it softforks next month, new wallet and decentralised exchange are going public as well as SPV functionality in the works.
The closest thing to this is WAVES with a cap of 500mil (chance for BLOCK to go 25x). ARK is also working on bridging but are years behind development wise.
Already holding for a wee while. The stability over the past few weeks it's pretty safe in the 200k range, can't see it falling much further, but I can see it growing higher. Has already hit 330+ before
Isaac Rodriguez
Yeah, once word gets out on this it should go back to 300k easily. It's been steady at 200k and breakout seems inevitable.
Jaxon Kelly
bought last week. very promising low cap coin.
Jace Garcia
I will buy this once I manage to get rid of my bags
Andrew Howard
Why block is better than waves ?
Justin Howard
Waves deleted Nigger Coin. They must perish.
Evan Murphy
This is going to be great, I know because Dan Metcalf did a code review of his own shit and gave himself a thumbs up.
Matthew Wilson
Waves uses colour tokens rather than being fully decentralised. With blocknet, you can trade direct from 1 wallet to another without any deposits. Just put an order in and it's set.
Another advantage of this is that you can put in multiple orders at the same time rather than 1 bid at a time ala. traditional exchanges
Robert Garcia
This too Waves can censor and ban coins whenever (((they))) want to. Blocknet is fully decentralised.
Thomas Ward
What is the difference between this, Ark and "Internet of Coins"? all of them aim to link different blockchains with each other
Jacob Cook
Blocknet has a working beta and are pushing their open release next few weeks. They have been successful with bridging for a while now. See this video as an example trading syscoin for btc using the blocknet client (the new client is also being pushed for release):
ARK has just started development of their bridging and wont have a decentralised exchange for another year tops. Blocknet is already 3 years ahead.
Other coins push 'internet of coins' but use coloured tokens i.e give markers to coins then allow for trade whereas blocknet can trade wallet to wallet, blockchain to blockchain directly.
Elijah Mitchell
Im not sure if IOC uses coloured coins or not... and its on a crowdsale right now so I was considering buying some.
Also, does Blocknet need that you run a full node of the coin you want to trade? I run a bitcoin full node, the problem is most people don't, and you need tons of people to have a liquid market. The dream of a decentralized poloniex needs tons of people, if you need a full node for each coin you want to trade its just not gonna happen.
Colton Flores
Additional blocknet question: The current supply is 3,910,516 BLOCK , what is the total supply and rate of inflation? how do the coins get distributed?
pic related. I want to know how many coins will exist at X time to see if this is an attractive investment or not.
Dylan Morris
So what should I do? But $100 of it then sell when?
Elijah Perez
Amazing how you can scam the whole crypto communityl just lay low for 2 years and then come back like nothing ever happened.
Hunter Parker
Who's this?
Dylan Rivera
>We define a hybrid asset as a blockchain-agnostic set of tokens[5] allocated on multiple digital
>Our proposed network daemon (hybridd) ’glues’ cryptoassets and coins together by passing around datasets or tables value exchanges or multiple blockchains.
Seems as though ioc is using coloured tokens but will have to read up on it abit more.
Blocknet does not use masternodes. A "masternode" is something people use in coinjoin to try anonymise transactions.
The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.
With the blocknet exchange, the devs are proposing 5000 coins to run a node but this is not finalised yet.
Cameron Jenkins
The rate of inflation is 3% per year so 12000 coins per year. The total coins at launch ico was 10mil but 4mil were sold and 6mil are in a burn wallet.
Ayden Gray
Im not talking about masternodes.
All im just asking is: A person that does not run a full node (the average joe that uses Coinbase and Poloniex for crypto->crypto trading), how does he trade with blocknet?
The demo on that video is wallet to wallet, both using full nodes for the respective coins.
I dont get it desu.
James Hall
Dan Metcalf, dev for Blocknet. He was also dev for XC coin and ran a scam with a well known pumper named Prometheus where Dan would code shitcoins like Halcyon under fake names, then do code reviews of his own coins as Dan to hype them up. It also came out he owed a ton of money to the IRS which is why he was doing pump and dump schemes. Seriously he is a tool.
To trade without running nodes, SPV multiwalletsare being developed and are being worked on. Right now a new UI is almost ready for deployment but SPV is on the top of their list.
Mason Robinson
But SPVs arent decentralized, just are just trusting other parties. Whom would you trust in this model?
Evan Wood
That's for the developers of other coins to implement. So far a small handful of smaller coins have implemented blocknet into their code but this is a major hurdle the team is going to have to overcome.
Nicholas Rogers
So you are depeding on for example Electrum adding Blocknet support? why would they bother?
Also to reach mass adoption we need this to run on internet browsers...
Cameron Martin
Read above your post. Not saying the guy can't code but he is an unethical guy, just consider that when investing, I invest in people not projects.
Parker Rivera
Well, that doesn't sound good.
Christian Diaz
I have no idea of the background of this and what the truth is, but here is a statement he released in response.
200k sats is the old resistance and new support. This is the last chance to get in before the breakout occurs.
I can easily see this thing in the $25- $30 range in the upcoming months due to the low market cap
Leo Harris
I'm balls deep into blocknet. I've been buying for weeks. Didn't want to tell Any of m mates until I had finished buying.
It really is the next big thing. It will be a decentralised trustless exchange making t better than bitshares which has a MK of $500m
Buy and hold for 4-5 months for true life changing gains
Christian Butler
Yeah, it's waves+bitshares tier tech really amazed how under the radar it is atm. The team have been saying on slack they're going to focus on marketing in the next few weeks though so we'll see where it goes.
Leo Walker
I trust Francois over this piece of shit developer. Sorry.
