BLOCKNET

[Anonymous No.4920143]

>100% of trading fees allocated to BLOCK hodlers

Anons this means $0.50 earned per BLOCK owned PER DAY with volume on the exchange.

200 BLOCK means $100/day. You wont find a better investing opportunity with this kind of passive income

[Anonymous No.4920157]

COCKNET

[Anonymous No.4921010]

>>4920143
please go on. I have $100 to invest because im an ignorant poorfag and I would like to make some gains. im researching blocknet now. can you please give us some insight?

[Anonymous No.4921145]

>>4920143
did you finally die of faggotry, OP?

[Anonymous No.4921187]

>>4921145
what would you like to know anon?

[Anonymous No.4921231]

>>4921187
I guess just the basics.. im not understanding here, is this another "coin" or is this a network that links all the coins together? can you send me in the right direction there?

[Anonymous No.4921273]

>>4920143
It won't go anywhere because of this though.

[Anonymous No.4921319]

>>4921010
>>4921231
It's a coin that runs a dapp platform, and the first of those dapps will be a decentralized atomic swap exchange that can trade any coins derived from bitcoin code and ETH tokens as well through 0x.

But I would recommend something else because I don't think you'll be happy holding just 5 of something.

[Anonymous No.4921349]

>>4921273
Care to explain your reasoning?

[Anonymous No.4921361]

>>4921319
Thank you for not being a faggot OP

[Anonymous No.4921380]

>>4921231
This is much more than a coin, it's a blockchain router.

The BLOCK token monetizes the network. Service nodes connect blockchains together using the Blocknet protocol:

ETH to BTC
BTC to LTC
LTC to VTC
etc, etc, etc

And all of this is done in a fully trustless manner - no service nodes ever handle any coins or funds. This is made possible through the atomic swap process.

The Blocknet is showcasing this technology by building a fully trustless decentralized exchange that is scheduled to launch here within the next month or 2.

The exchange will be great for traffic, but the real bang for your buck here is the interoperability and the technology of connecting blockchains together without have each blockchain adopt code and hard fork to become compatible with the interchain router. When blockchain tech matures, there will always be a need to have a way of getting from one chain to the other as it will be a means of transporting assets, information, etc.

Chain specifics:
PoS chain, service nodes (masternodes), and all fees earned (100%) through the use of the decentralized exchange and blockchain router will be allocated to service node operators and stakers.

[Anonymous No.4921603]

>>4921380
so pretty much is a peer to peer exchange?

[Anonymous No.4921678]

>$0.50 earned per BLOCK owned PER DAY

Is this the case right now when will it be like this this is huge too good to be true if i went on and bought 200 block ı'd get 100$/day for the rest of my life ? that seems retarded

[Anonymous No.4921802]

>>4921678
This is with only half the trading volume of Binance. Feels good to get in a relatively unknown project before it's too late

>>4921603
Yes - you trade directly with your trading partner, you always are in control of your private keys and you don't have to worry about your coins/etc getting hacked on centralized exchanges

[Anonymous No.4921842]

>>4921802
Where is this? Is the system even online where ı can atomic swap my currencies? Do ı stake it on a wallet to earn the fees?

[Anonymous No.4921852]

>>4921678
Interesting, need to know more

[Anonymous No.4921910]

>>4921802
>it seems Blocknet DX 3.7.47 (DX-API Beta Release) is the current release. what are you running?

also, thank you for not being a faggot.

[Anonymous No.4921990]

>>4921842
decentralized exchange UI by VSA Partners is almost completed - you can actually trade on the DX right now on the Blocknet wallet.

Yes all you have to do is stake your Block to earn both staking rewards and trading fees when the UI goes live

>>4921910
That is the latest beta release available (i am using it), but the official current latest release is 3.7.36. You're welcome anon

>>4921852
If you have any questions, ask and I'll answer

[Anonymous No.4922051]

>>4921990
Does the computer/wallet has to be open all the time to earn
And if i went on and bought blocknet right now put them to my wallet open up the wallet and start the stake process ı'd earn estimated 0.5$/day per block "right now" ?

[Anonymous No.4922160]

>>4922051
The wallet has to be open to earn staking rewards

No not right now, but in 2018 you will because this exchange is going to extremely successful and volume on it will be very high. Currently staking ROI is over 20%/year and that is what you'll receive right now before the exchange launches.

Already have Bitfinex on board to extend the orderbook to and are working on adding others also. All of this equates to massive volume on the exchange.

[Anonymous No.4922189]

Screenshot of the upcoming UI

[HELP No.4922282]

>>4920143
Dude, where the hell can I invest my money on this???

[Anonymous No.4922285]

>>4922160
where can you see the volume on the blocknet DX?

shill me this shit I have dry powder to put to work.

[Anonymous No.4922354]

>>4922282
Bittrex

>>4922285
The UI version of the exchange isn't live yet: will be in the next month or so. These calculations are conservative too. If the exchange sees the same volume as Binance, you can double that figure to $1.00/BLOCK owned per day

[Anonymous No.4922471]

>>4922354
But the question is, will it get that kind of volume?

I personally would use blocknet. Yobit fucked me over last week by disabling my account for no reason. 0.09 BTC gone.

[HELP No.4922479]

>>4922354

Ok but how do I get passive income? Like I get more of these coins or what?

[Anonymous No.4922503]

>>4921910
>>4921990
so in laymens terms, this wil BTFO the exchange platforms that charges fees, no? meaning to say why use a platform with fees when you can use BLOCKNET will do it for free?

[Anonymous No.4922607]

>>4922471
I think it will because like you said, people are tired of waiting to be credited with bitcoin forks because they don't own their private keys, they're tired of getting hacked or set with withdrawal limits, they're tired of giving them all their personal information just to get verified, etc.

>>4922479
Yes, staking your Block or running a service node = passive income at ~20%/year now. When the exchange goes live this will be unbelievably higher because you will start collecting exchange fees

>>4922503
There are many competitive advantages here. For one, yes, the DX will still charge fees, but they will be 1/2 the price of regular exchanges because you wont have to switch to BTC just to get from one alt to the next. On the Blocknet DX you can trade directly from LTC to DGB or VTC to DOGE and any other trading pairs supported on the DX.

[Anonymous No.4922742]

>>4922607
wow. works like a bypass. so no more btc being the middle man. man I wish you well. thanks for all the info.

$21.59 a pop for BLOCK, should I buy now? I can only afford up to $100.

[Anonymous No.4922763]

>>4922742
Yes, the past ~3 days has been one of the best times to buy since May. I'm expecting at least a 5x when the UI launches

[Anonymous No.4922802]

Is it possible to buy BLOCK on the DEX without Block initially?
I don't want to use Bittrex to buy it initially

[Anonymous No.4922859]

>>4922802
Yes it should be, but I'm not sure if it works currently. It might be best to use bittrex if you want to buy in now.

[Anonymous No.4922893]

>>4922802
Yes, but I'd recommend waiting until the full UI release is out as it's a bit tricky to use the built-in wallet DX right now

[Anonymous No.4922920]

This project sounds fairly similar to ARK, what are he main differences?

[Anonymous No.4922927]

>>4922742
>BLOCKNET
this shit was 10 cents. Any bernds here who are rich aleady? Nut im not sure if i should buy in for 20$ look overpriced and its at the all time high.

[Anonymous No.4922937]

>>4922927
Hallo bernd :3

[Anonymous No.4922967]

>>4922937
<3 Wie gehts Berndi? Schaut dein Blockfolio gut aus? :3

[Anonymous No.4922974]

>>4922927
It's not overpriced. The market cap is still quite small.

[Anonymous No.4922979]

>>4922607
Reading up on it, it seems like I'll have to have a computer running 24/7 if I stake blocks. What are you running? Raspberry Pi or something along those lines?

[Anonymous No.4923004]

>>4922974
but it has never seen a dip. Its a good sign that it will go down soon.....

[Anonymous No.4923043]

>>4922967
Nein überhaupt nicht ich hab den letzten btc pump total verpasst und die ganze Zeit BLOCK gehaltet.
Bin übrigens ein Ami-Bernd sorry if mein deutsch schlecht ist.

[Anonymous No.4923062]

>>4923004
Not really. Probably a good sign desu.

[Anonymous No.4923102]

>>4923043
Sehr gööt Bernd. Bin übrigens Türke Ishalla~ Alle deutschen Kartoffeln müssen sterben!

[Anonymous No.4923132]

>>4923062
Its climbing since 2015.... and losing momentum...clearly not a good sign. Will probably stick with my ARK. For a moment a thought the coin was released this year and i was impressed.
But this thing is so 2015. :D

[Anonymous No.4923176]

I keep finding orphan blocks. It's really fucking pissing me off.

Fuck blocknet

[Anonymous No.4923241]

>>4923132
Every time there's a minor update or announcement fomo sets in and the price spikes. And its support at $20 is extremely solid.
The problem now is only that nobody knows about it, which will change soon.

[Anonymous No.4923251]

>>4923132
>Ark

[Anonymous No.4923263]

>>4922859
>>4922893
So the DEX works, but it's shitty?

[Anonymous No.4923314]

>>4923263
Yes.
The actual UI will be released soon (probably next month afaik) but by then you'll be paying a premium for your BLOCK.

[Anonymous No.4923627]

>>4922920
Ark doesn't have a service node network and isn't releasing a fully decentralized exchange. The encoded listener idea is much different than a decentralized network of service nodes.

>>4922927
It is by no means near all-time-high. ATH is around 0.0076 BTC.

>>4922979
Yes you can use Raspberry Pi

>>4923004
It has seen a dip - much like the rest of alts during BTC's run

>>4923176
Update your wallet. Try staking with the most recent build. Purge your directory except for your wallet.dat and let the chain sync from scratch (only takes about 15 minutes).

>>4923263
Yes the DEX fully works - but it's not a fluid trading process from the wallet. The DEX built into the wallet is 10000x better than using the command line however.

>>4923314
Correct

[Anonymous No.4923859]

is staking the same as running a service node
what's the difference

[Anonymous No.4923970]

Interesting. I'll buy 10 or 20 if my ARK gets back to $4.50. At $0.50 a day it would give the coin fundamental value of almost $2k.

[Anonymous No.4924144]

>>4920143
One question: WHY would someone come to /biz/ to sell this idea? What's the motive?

[Anonymous No.4924193]

>>4924144

[Anonymous No.4924218]

>>4924144
dubs checked
I dunno, maybe kind hearted anons exist?

[Anonymous No.4924245]

>>4924144
If you have heavy bags, you naturally shill it on biz to drive up the price

[Anonymous No.4924336]

>>4924144
It has to actually catch on in order to work and for you to receive money, right? Why not get people to use it?

[Anonymous No.4924481]

What worries me the most is WHY are you shilling this coin.

[Anonymous No.4924505]

>>4923627
>It is by no means near all-time-high. ATH is around 0.0076 BTC.
What concerns me is that he's using sats to measure the coins' value.

[Anonymous No.4924575]

>>4924481
I-it's not like your fellow anons want you to reach financial independence or anything b-b-baka.

[Anonymous No.4924582]

>>4924481
Because it's currently undervalued and nobody has heard of it despite years of Dev behind it perhaps

[Anonymous No.4924644]

>>4924575
>>4924582
> but i want to help you anon
lies
i have been around long enough to know everyone has their own agenda

[Anonymous No.4924736]

>>4924644
Of course the guys shilling block here have an agenda, but it doesn't mean that their agenda cannot also be in line with your own(assuming your agenda is to make money)

[Anonymous No.4924753]

>>4924481
Block is starting a marketing push because we haven’t had the funds to do so in the past - shilling here expands awareness

[Anonymous No.4924771]

>>4924644
I'm staking my BLOCK earning rewards. I'm not trying to dump on anyone.
Yes I'd like to see the price rise but I'm not deluded enough to think shilling to broke NEETs on 4chan would actually make a difference.

[Anonymous No.4924853]

Just to confirm, there's no way for me to mine BLOCK, correct?

[Anonymous No.4924856]

>>4923859
Service nodes earn 70% of the block reward, stakers earn 30% of the block reward. Service nodes require 5000 Block to run and broadcast the orderbook and connect traders together. Right now both node and staking ROI is around 20%. When fees start to come in, nodes will be more profitable as they’ll see a higher share of fees for maintaining the orderbook and running high powered rigs to handle the volume

[Anonymous No.4924878]

>>4924753
>we
Do you work for this project?

[Anonymous No.4924880]

>>4924853
No. It's a PoS coin. You stake it and get free money.

[Anonymous No.4924894]

>>4924853
BLOCK is a Proof of Stake coin, so you win block rewards based on your network weight instead of hashing power like PoW. So you can’t “mine” blocks like LTC/BTC/etc, but you actually do mine the block that you win in PoS by staking.

[Anonymous No.4924907]

>>4924880
Explain to me like I'm 5, please.

[Anonymous No.4924911]

>>4924878
“We” as in the community. I follow this project closely

[Anonymous No.4924929]

>>4920143
How are you calculating that? Looking at the spreadsheet:
https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/htmlview#

a 200 block staker would net ~900 a year. Is your estimate with current volume or are you assuming much higher?

[Anonymous No.4924930]

>>4924144
might be to sell. sharing info is good, because there was a test somewhat recently that didn't go so well. I really like blocknet, but i'm not so sure it will catch on. I think it's a much better choice in comparison to komodo imho, but I have to wonder how these DEXs will do at all. A majority of DEXs aren't really decentralized as someone else said, but Blocknet definitely is. There's a bit of code that all of the coins need to add to work with Blocknet, but I don't know if that changed. I like seeing some activity for the project.

[Anonymous No.4925039]

>>4924930
>there was a test somewhat recently that didn't go so well
Never heard about this. Enlighten us.

>There's a bit of code that all of the coins need to add to work with Blocknet
I think you're thinking about ARK smartbridge.
BLOCK works natively with all BTC derived coins (that is most cryptos).

[Anonymous No.4925066]

>>4924771
Download wallet buy some block transfer and I will start staking?

[Anonymous No.4925106]

>>4924929
This caculation is based on half the volume of Binance. And as one of the first major clean DX releases, this is not at all farfetched as the crypto market as a whole increases

>>4925039
>bit of code needed to add

Anons response here is correct, coins don’t need to do a single thing to be Blocknet compatible - Blocknet does everything on their end to make blockchains compatible

[Anonymous No.4925130]

>>4925066
Yes basically. And your wallet needs to be open at all times and you have to unlock your wallet "for anonymization and staking only".

[Anonymous No.4925198]

>>4925039
There was a blocknet tweet about two months back about a beta test failing to meet some expectations. i think it was pre-hard fork.

I'll read some more again thanks to you both >>4925106 looks like things are heating up.

[Anonymous No.4925253]

>>4924911
Can't you wait til I've got another 1000? I wanted to stock up on that dip to 125 the other day but a purchase in that order woulda tore through the order book to almost double it.

[Anonymous No.4925288]

>>4925039
Nah BIP65 checklocktimeverify is the commonality between atomic swappable coins.

[Anonymous No.4925346]

>>4925288
Yeah but the coins that have it took it from BTC's code.
Some cryptos with totally unique codebases won't work right out of the box with blocknet. That's my understanding at least.

[Anonymous No.4925405]

>>4925106
you said its correct but your answer counter it, which is it ?

[Anonymous No.4925477]

>>4925405

>>4925106
>>4925039

Read them again.

[Anonymous No.4925495]

>>4922160
>but in 2018 you will
Which month exactly can we expect to start getting money per each block anon?

[Anonymous No.4925505]

What advantages does this coin offer over, say, Cryptobridge, which is cheaper?

[Anonymous No.4925545]

>>4925505
I'll need to look into that.
Without doing any research, I'd say that the Blocknet exchange is essentially finished and the devs are doing the final touches before it releases early next year.

[Anonymous No.4925683]

>>4925545
How many blocks do you have?

[Anonymous No.4925877]

>>4925683
308

[Anonymous No.4925954]

>>4924481
It's been months but this coin was shilledon here before. In my experience that means it's right about the time to buy. Every coin that I have seen that is made massive 100% more Gains has been shilled for one day maybe two then disappeared only to reappear right before it begins to spike. The last time I heard about this coin on Biz was in September I believe black spiked to the high twenties only to fall back and it stayed at $20 for months now it has not broken below 18 for any set period of time.

I've kept an eye on it as I like the idea it's a picks and shovel kind of play. decentralized exchanges are the future of crypto. The only question is the time scale in which they will be implemented properly. I'll be looking into this to see if I should throw one or two grand into over the next month

I wish I could get a masternode but I won't have the funds to do that until probably March if at all.

[Anonymous No.4926235]

>>4925545
But BCO is literally already out and 13% the market cap of BLOCK. Honestly, I'm not trying to shit on the project, I actually want to invest in it. I just want to know why Blocknet is superior and if I should invest in this instead. Cheers

[Anonymous No.4926319]

>>4925505
Cryptobridge is by no means even close to as decentralized as the Blocknet. A lot goes into fully decentralizing an exchange, a website and atomic swaps is not all it takes. It takes a fully decentralized network, trustless swaps, decentralized order matching (extremely difficult - Blocknet has achieved this), and giving the trader full possession of their private keys.

There isn’t another project doing this

[Anonymous No.4926373]

>>4926319
Thanks for the answer. I wasn't aware that the private key ownership wasn't common practice among DEXes. How does Blocknet get the decentralized order matching, roughly speaking?

[Anonymous No.4926390]

>>4925495
By Feb the exchange will already be seeing a decent volume. Your income will increase with volume.

Remember - trading fees are earned on top of your node/staking rewards. The ROI from owning Block will be one of the highest in the industry

[Anonymous No.4926443]

>>4926373
There is a network of service nodes run by whoever has at least 5000 Block. There is an orderbook verification service across all the nodes - this means a rogue node can’t communicate a fake or erroneous order. Because all nodes are constantly verifying each other (just like a blockchain), the result is a fully decentralized environment.

[Anonymous No.4926477]

>>4922189
>gui
>not command line
Dropped.

[Anonymous No.4926485]

>>4926390
That is good but "when" can i actually get money when i put my Blocks into my block wallet?
I presume that not right now, but you say that by Feb it will already be decent.
But when should i start?

[Anonymous No.4926522]

I wish I actually had the money to buy into this. Is it even worth throwing like $500 at this? what kind of return would I even get for staking ? feelspoorman

[Anonymous No.4926557]

>>4926485
Now - the network always pays staking rewards. The DX fees collected are an added bonus

>>4926522
Right now staking is over 20% ROI

[Anonymous No.4926580]

>>4926557
20% annually?

[Anonymous No.4926607]

>>4926580
Yes, usually compounding every day or 2 depending on how much Block you own

[Anonymous No.4926633]

I can't find the whitepaper or the dev team on their website. It's like they want to make it as hard for me to invest as possible. How can I trust they'll follow through and do an amazing job if they don't have personal accountability or a detailed white paper for investors to understand what exactly to expect?
I don't think it's a scam because there've been blog posts since 2014, but still wtf

[Anonymous No.4926640]

>>4926557
very well, if i can get money for each block and not only for masternodes, can you direct me to some tutorial as to how to set the wallet for this?
Mind you, i only have a handful of Blocks.

[Anonymous No.4926657]

>>4926477
It's running on command line atm.
>Tfw holding 5000 BLOCK with an average buy in of 5 bucks.
Literally making 50 bucks a day doing fuck all LUL

[Anonymous No.4926755]

>>4926640
Simple: transfer your Block to the BlocknetDX wallet, then unlock your wallet for Staking.

>>4926633
Whitepaper is in progress and will be released soon as product nears launch. Website overhaul is scheduled, as well as websites for each service provided by the Blocknet: DX, interoperability, etc. Team info can be found here: https://blocknetprotocol.com/

[Anonymous No.4926803]

https://blocknetprotocol.com/dashboard
Team info is under dashboard->project heading

Imo this site is a hell of a lot better than the official website which is currently being redeveloped

[Anonymous No.4926874]

Shitty version of coss.io with scam level returns, unsustainable

[Anonymous No.4926883]

>>4926874
This has nothing to do with COSS fuck off.

[Anonymous No.4926885]

>>4926755
>>4926803
thank q

[Anonymous No.4926943]

>>4926874
Coss.io isn't a decentralised p2p wallet trading platform and requires payment for coin listing. Blocknet will make most of these kind of exchanges redundant

[Anonymous No.4926961]

>>4926943
Nah

[Anonymous No.4927009]

>>4926657
mad jelly.

when are you /cashingout/?

[Anonymous No.4927012]

>>4926755
I see, thank you anon.
Mind you, last question.
When, how and in what form will i get the money?
I actually never did staking before.

[Anonymous No.4927015]

Hmm

[Anonymous No.4927035]

>>4926943
How would a decentralized exchange prevent people from spamming it with 100's of new coins at once?

[Anonymous No.4927073]

>>4927012
You will get BLOCK deposited into in the same wallet you're staking from. Or you can set up multisend if you want it in other wallets.

>>4927015
That's old and it happened already.

[Anonymous No.4927090]

>>4927073
Thanks

[Anonymous No.4927150]

>>4927009
Once it hits a billion market cap and volume picks up on the exchange I'll live off the node fees. Projected to make around 200k a year per node once the market cap reaches a billion. Adding in exchange fees sets me up for life on a cool 250,000 a year for maintaining a vps server.

>>4927015
The order book is literally so thin that 20btc will quadruple the price. 70% of the coins in circulation are locked up in nodes and staking wallets so any significant order will pump the fuck out of the price.

[Anonymous No.4927201]

>>4927073
Actually wait, if i understand it correctly, lets say i have 50 blocks.
I get 25 dollars worth of BLOCK per day, meaning i have 51 Block the second day, 52 third day etc.
So over time, i start getting more money per day by doing nothing?

[Anonymous No.4927228]

>>4927035
New coins? Elaborate a tad here for me anon. Because of the service node verification system - only supported coins can be traded. As far as orderbook spam the process has been made to minimalize the data burden placed on each service node. There will also be microfees to prevent orderbook spam in an attempt to destabilize nodes

[Anonymous No.4927247]

>>4927201
Yes. It's compounding interest.
Sadly you won't be getting 1 block every day though at 50. More like .05 right now.

[Anonymous No.4927280]

>>4927201
This is correct anon - and this is with half the volume of Binance. Of course, you have to take in the fact that the price per Block at this point would be very high - this is why you get in now

[Anonymous No.4927306]

>>4927247
>>4927280
There is not much point to staking yet then.
Thank you for the info. I will put it to good gains.

[Anonymous No.4927315]

>>4927247
He’s referring to the trading fees dispersed to stakers at half the volume of Binance as mentioned above anon, not just staking.

[Anonymous No.4927351]

>>4927306
+20% ROI currently is more than enough reason to start staking now

[Anonymous No.4927375]

How is it not a security?

[Anonymous No.4927424]

>>4927351
This. It's not a lot per day but you'll get noticeable gains over weeks and months.

[Anonymous No.4927442]

>>4927375
This is not a security as you don’t own stock in a company. The passive income is derived from maintaining the network and a service (by staking / running a node). However like Dash - service node owners vote on budget proposals

[Anonymous No.4927466]

Sounds like a coin that will be delisted from Bittrex since it pays out a dividend. I wouldn't hold this.

[Anonymous No.4927520]

>>4926755
wait what they have their coin there for 2 years and no whitepaper`?

[Anonymous No.4927522]

>>4927466
Actually it's the kind of coin that will be added to gdax because it meets all of their criteria. And since they're working with Bitfinex it'll probably get listed there as well.
And it's been listed on Bittrex forever. They know how it works and haven't removed it yet, doubt they ever will.

[Anonymous No.4927624]

>>4927520
The project is constantly evolving and the team follows the mindset of tech before whitepaper... much like Satoshi himself.

Also, specific details in a project like this can’t be released too early or they will be copied.

[Anonymous No.4927652]

>>4927466
By this logic, any staking coins or masternode coins will also be delisted. The returns on this coin are mainly from staking or running a node and fees distributed amongst holders. The difference between this and other 'dividend' coins is that blocknet has its own blockchain meaning it is it's own entity whereas almost every other 'dividend' token is an erc-20 token running on the ethereum blockchain

[Anonymous No.4928026]

>>4927652
the fact that kitties can slow the eth blockchain is annoying.

I am liking this keep shilling

[Anonymous No.4928464]

>>4927652
Too bad blockchain is dead tech

[Anonymous No.4928486]

>>4928464
That's bullshit and you know it.