Quote from: leopold23 on August 14, 2017, 11:52:35 AM

hello everybody, i want to use the Blocknet exchange daily and be a long term investor in the BLOCK coin, after i studied a while i have few questions.

1. IS BLOCKNET the answer to what happened to BTC-E recently, a decentralized exchange where authorities can't seize honest client assets anytime they want?
2. What will happen after you will have a huge exchange volume and possible you will be accused for money laundering ( even if not true), you will submit to the authorities
and implement a KYC/AML verification process?
3. When you plan to release the Decentralized exchange SPV multiwallet along with a user-friendly interface?
4. How BLOCKNET will be different than BITSHARES, Waves, Agama, or COINOMI(shapeshift) app and how do you plan to overcome them?
5. Do you plan to invest in PR and bring a promoter to do what Charlie Lee makes for LTC, Amanda Johnson for Dash or Julian Hosp for Tenx Pay coin,
a local hosted decentralized exchange is a great idea, but is worth nothing if you will have a small volume exchange.

I hope somebody can answer to these questions, i ve lost most of my funds in the btc-e exchange, since then i'm looking for a local descentralized
exchange.

|Thank you

Hey

Very sorry to hear you fell victim to BTCe! It's awful.

1. Yes, when trading over the Blocknet, you hold your coins the entire time and no third party gains control over them.
2. The Blocknet is not a company, it is infrastructure. You can't really take a road to court. Being decentralized, it's also about as unstoppable as Bitcoin.
3. The UI is in development already. An SPV multiwallet will either come after that, or will be developed concurrently.
4. The Blocknet is the only decentralized exchange technology that decentralized the four core functions of an exchange: deposits, order broadcast, order matching, and coin exchange. Every other technology we're aware of has not achieved this.
5. Yes. With the launch of our production blockchain, we will become capable of funding marketing activities and employing marketing people.
5a. Regarding you remark about a small volume exchange being worth nothing, we plan to integrate with Ethfinex, Bitfinex's decentralization initiative, which will give users of our technology access to Bitfinex's order book, completely removing any issue of low liquidity or volume.