I am holding. I think this project is going to catch people by surprise.
>>4565104
Evan Mitchell
Carter Nelson
cofounder of eth is advisor. worth a 10x pump at least
Gavin Anderson
I have a question though. Why is the token needed and how will it be competitive? If it's being recorded on ETH then anyone can read it or do the same.
Why does the token need to exist?
David Fisher
I guess there is zero interest in this and it isn't really defensible.
Good to know I guess.
Juan Evans
You can read the whitepaper. This links you to the information that you asked for about the tokens.
blockmason.io
Gavin Jenkins
Yes good reason not to buy something. Because nobody will do your research for you.
Brody Lee
There basically zero interest in it which is a big indicator. I do thank you for the link though.
From what I'm getting the token exists purely so that you can execute transactions on ETH which BlockMason pays for. Unless I'm missing something I don't see the point.
Joshua Perez
This.
OP Half the time if a coin has been talked about on Veeky Forums you've already missed gains. DYOR this market will not reward the lazy.
Logan Ross
Actually there is zero interest on biz because it hasn't been chosen as a pump and dump buy a discord group or whale group.
The information about the token is there for you to read, which you haven't or you would not have come to the conclusion that you did.
Jaxson Nguyen
Definitely a sleeper! Not to mention the patents they have secured that will make corporate America bow down to them... X10 all day once they announce there new partnerships/clients.
Kevin Evans
Yes the information is easy to find. I am glad to holding a very heavy bag of BCPT.
Anthony Sanchez
I've been following this project for a while and haven't heard anything about them securing patents. Where's your source?
Sebastian Myers
The Blockmason team is also working on patents to take on major industries. This is what the Blockmason team has to say on the subject:
First: We are currently filing key patents with our legal team that will challenge multi-billion dollar industries. We have gone to great lengths to assure that there is no prior art, that our methods and processes are sound, and that the USPTO should look favorably on our applications and designs. While no outcome is 100% guaranteed we are bullish in the extreme on what this portends for the future of Blockmason. While we are building out this new IP that supports Credit Protocol and other internal BM efforts, we believe that our team will allow us to operate more effectively.
These patents will keep the Credit Protocol an exclusive product with the aim for a big worldwide industry.
Look on github, telegram, twitter and steemit. I can't post the links because the site says I am posting spam if I try to.
Zachary Ortiz
Holding heavy bag of bcpt here.
This has never been pumped on binance
Tiny market cap with product release this week. This is as cheap as it will ever be.
Cryptogoober @nasaaids.
>Trust me Veeky Forums
>easy 2-3x
Joshua Peterson
I know that people here hate reddit, but there is a lot of information about this project in the blockmason subreddit for anyone who wants additional information compiled in a one-stop source.
Grayson Hill
Cheers, fellow bag-holder!
Connor Howard
You said that they secured them though which is untrue. They're working on securing them.
John Cook
Same here! cant afford to chase it once it catches fire.
Luke Reyes
I'm aware of the subreddit. Blockmason hasn't secured the patents yet. They're in the process of securing them. Don't want to spread misinformation to taint BCPTs image.
Christian Cook
Best place to buy? Cuckoin is nearly impossible to fill bags.
Ryan Evans
Binance.
I've filled my bags with this one. I expect big things in Q1 18.
Levi Harris
Yes, let me rephrase that.. filed* them.
Blake Wood
Sounds good. Biz shilled me HST at 16 cents and I more than doubled my money on that.
Aaron Perry
I am holder of BCPT since the ICO. The tokens are more like software licenses needed to write to the Credit Protocol. The Lndr dApp is the first of many to be built ontop of the CP.
Great explanation from a cofounder:
Since the first mainnet example apps are about to go live, I figured this would be a good time to explain how tokens work, and how app providers can acquire and use them.
Token Usage
Tokens are staked to a UCAC
Each token gives a certain number of transactions per hour
A transaction is a write operation (updating the balance of a debt between two parties)
The number of tokens needed to do a transaction can be updated by BlockMason currently -- in the future, we will make this community or market-driven
Tokens are not "burned" when used, they simply have to wait an hour to be usable again
Token Staking
Tokens can be staked by ANYONE who owns tokens
Tokens are staked to UCACs
UCAC operators can choose to reward stakers if they want (example code for that coming soon)
Staking actually transfers tokens to the Credit Protocol contract (to prevent double-spend), but they can be returned to users at any time
How Do You Get Tokens for Apps?
Have them from the ICO sale
Buy them from someone else in a private sale or on a secondary market
Receive them in an airdrop (details to follow)
We at BlockMason are excited to see this all goes, and we are going to monitor early usage of tokens quite closely to figure out the best mechanisms for balancing the Credit Protocol ecosystem going forward.
Timothy Galebach
Joshua Barnes
This stuff is going to make revolution in credit/debt market bringing blockchain in.
Levi Ramirez
I was in ETH early, WTC early and now BCPT early... easy money.
Colton Kelly
Im interest in this shit, any news coming up for this soon?
Easton Reed
Easy money people. Buy buy buy
Adam Reed
I would highly recommend to buy bcpt now
Aiden Edwards
I copied that from the sub-reddit and the answer is from the team.
Jordan Reed
Yes they have an new app they built about to release any day now called LNDR.. also have partnership announcements coming in the near term.