/biz/ - Business & Finance

>>4769409
Is the DX decentralized?
Does it have a standalone multiwallwt client?
How's the UX?
Are fees less than popular exchanges?
How quick is the order book?

Massive issue = fees will very likely be more expensive than traditional exchanges due to the double transactions involved

dude dont tell these sheep about one of the best projects out there

>>4769490
False - fees are actually very low compared to other exchanges. The word is 0.25%. If you’re worried about a blockchain network fee then you’re literally worried about $0.01 per LTC trade - no matter the amount. The issue only applies to Bitcoin which is a small price to pay in return for not having to worry about centralized exchanges holding your funds and private keys

>>4769471
>Is the DX decentralized?
100% decentralized, the only fully decentralized exchange I'm aware of
>Does it have a standalone multiwallwt client?
No, but it will do soon
>How's the UX?
See for yourself, coming this month
>Are fees less than popular exchanges?
Fees has not yet been decided, definitely less than popular exchanges. Basically whatever service node operators decide will be.
>How quick is the order book?
Instant, dependent on confirmation times of the two blockchains (you can choose to use zero confirmations though)

>>4769471
100% fully decentralized orderbook communicated by the service nodes. No nodes ever touch your funds - EVER. The speed is up to the user on how many blockchain confirmations they would like. Zero confirmations is instant. The orderbook is instant as it is off-chain P2P communication. This is a screenshot of the UI being built by VSA.

>>4769611
Right on anon - i feel like im reading exactly what i wrote

>>4769611
>>4769622
Checked and thanked, will keep an eye on it
t. held 500 BLOCK when it was $2 but sold due to impatience

Do I drop all my money in it?

>>4769733
If you think it's a good project then go for it, block is super under the radar at the moment. Pic related, currently 4th lowest vol coin in the top 100

>>4769733
Near a 6 month low against BTC and a major launch/marketing campaign approaching I’d say that’s not a terrible idea

>>4769781
Anon you son of a bitch!
Lets have a beer sometime, on me.

>>4769949
Cheers anon. All this talk of lambos on here I’m shooting for a yacht with Block

>>4769490
The great thing about block is that you can trade, say, DASH for LTC without going through BTC which has huge fees, so for most people it will be pretty cheap. Also fees will be significantly less than centralized exchanges

What coins/tokens does this DX support?

>>4770381
At the moment coins based on bitcoin(most coins) however they have a partnership with 0x which will allow ETH tokens to be traded. I believe hey are also planning on integrating other coins not based on bitcoin but that requires extra dev work.

>>4770175
This. And I can easily imagine BLOCK coins becoming a medium of exchange for all of the coins traded on the platform as well, adding more to their value beyond exchange dividends and staking rewards. And that could lead to more widespread adoption since BLOCK would become highly valued and very stable. This is top 5 material. The kind of thing GDAX will be listing next year. And if GDAX lists it, it'll eventually become people's default gateway into the alt market.
The potential here is astronomical and the best part is that we should only have to wait a couple months until the UI is released and the price starts moving.

Just went all in

>>4770381
BitBay (BAY), Bitcoin (BTC), Bitcoin Cash (BCH), Blocknet (BLOCK), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), Dynamic (DYN), GameCredits (GAME), Faircoin (FAIR), HShare (HSR), LBRY Credits (LBC), Litecoin (LTC), Monacoin (MONA), MonetaryUnit (MUE), Namecoin (NMC), NavCoin (NAV), Particl (PART), Peercoin (PPC), PIVX (PIVX), Potcoin (POT), Qtum (QTUM), Sequence (SEQ), Stratis (STRAT), Syscoin (SYS), Vericoin (VRC), Verge (XVG), Vertcoin (VTC), ViaCoin (VIA)

>>4770614
Honestly, that would make a lot of sense. Also, remember that Bitfinex have said they are very likely to list it, next year I think?

Man I love blocknet.

>>4770381
so far, eth+erc-20 is being worked on

>>4770655
Not bad. How will the pairing's work? BTC / Coin?

>>4770726
Cross chain:

SYS/DGB
VTC/LTC
BTC/DASH
Etc etc etc

Any combination of supported coins - no need to get back to BTC to switch alts

>>4770666
Correct - scheduled to be listed on Bitfinex

By the way, if you own BLOCK, staking it is definitely worthwhile. I've been getting nice rewards from my modest stack.
https://chainz.cryptoid.info/block/address.dws?BeJBwwSvw6f1ZRa25PNuwHBU1VXEXaQ7yD.htm

>>4770655
This list will reach 100+ by launch

>>4770802
What about Master nodes? Do they only get trader fees? Or is staking the way to go right now?

>>4770890
I think running a node is more profitable even now.
All trade fees and stake rewards are distributed 70/30 between masternodes and stakers.
There aren't really any trade fees coming in right now, but masternode operators should be getting a larger share of the stake rewards.
I could be wrong though as I haven't ever run a node.

>>4770890
Here's a spreadsheet showing nodes are more profitable than staking atm.

https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0

Nodes receive 100% trading fees and rewards for running a node whereas stakers receive just staking rewards

>>4770890
Masternodes (service nodes for BLOCK) get 70% of every block reward as well as getting a share of trading fees. Right now a node earns around $2000+ per month at Block’s current price with an ROI of around 20%... and this doesn’t include trading fees

Blocknet service nodes are more profitable than Dash by a longshot

Staking is also lucrative and will also receive a split of trading fees on the network

>>4770776
Hmmm no BTC fees for wanting to get into a new coin!

>>4771011
That is not true, both stalkers and nodes get fees, once equilibrium is reached they should get an equal split, however ATM, nodes get slightly more

>>4771011
>stakers just receive staking rewards
False

Stakers will also receive a percentage of the trading fees

Another thing to note here about controlling your own private keys is you wont have to wait to be credited with a Bitcoin fork. IIRC, has Coinbase even credited BCH yet to their users...? As soon as the fork happens you’ll be credited with said coins on said fork coin’s network as soon as you import your private key.

>>4771159
good news... btc forks seem to be the new ICO

>>4771093
Actually I am wrong, it is a 70/30 split with trading fees. A good thing since it increases demand for block

>>4771097
Well that changes the stake game a lot

>>4771159
This is a good point, it means that when there is a fork blocknet will be the first to trade it, thus it will get significant volume and that volume is likely to stay.

That logo is freemason as fuck. Second logo is the masonic cube.

>>4771342
So when the central exchanges are sick of adding all these new BTC forks, the blocknet will be there with open arms?!

>>4771442
Blocknet is 100% decentralized so nobody decides what is listed, hence all forks are listed

>>4771418

Are these just tests or orders on the book already?

>>4771809
these are real orders

> whales are accumulating

>>4772396
Up 18% since posting

How much are the returns on masternodes?

>>4773213
See here https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0 , from staking they get ~19% and they get 70% of trading fees

>>4773213
I've got a node running and make around 2k a month. Cost 100k to set up with 5000 Block though

>>4773297
im kinda jealous.

>>4773297
I’ve always laughed at how a DASH node costs 6x more than a Blocknet node and only earns about 2x as much

>>4773748
Yeah i noticed this too,
i can see why whales are buy it now.
I dont get paid till fucking friday tho...
>forever a wagecuck

>>4773748
Also, blocknet will get a LOT more profitable once the DEX starts to attract volume