Quote from: based_god on December 27, 2017, 04:42:21 PM

Quote from: AvenG on December 27, 2017, 05:52:03 AM

Hi, I'm eager to get involved in the community by running a masternode. This is a great opportunity for getting a good deal per BLOCK ($34 / .0021). Grin

I have some questions:

1- Why would Bitfiniex / Ethfinex associate with a decentralized exchange? are you considered a threat for them? (i mean competition). What does prevent BFX to not cancel the deal / partnership? (end of business relationship). what if then for some cause (regulation) you cannot do business with BFX? did you consider other alternatives?

2- According to the following graph obtained from a website dedicated to masternodes. Who can explain the reasons of those pits / shutdowns of several MN's? why is this happening and how can be prevented?

Code:

https://imgur.com/a/rGu2Y

3- Does the protocol support withdrawals to native segwit addresses? what kind of wallets / cold storage are you using for securing the assets on a decentralized ecosystem? I'm I going to be able to stack other PoS coins (like NAV) on your exchange? and the most important one: Do I own my private keys? if not who does?

cheers

1. Why wouldn't they? Blocknet is likely to gain a lot of volume, since it will support ETH tokens and most other currencies unlike Ethfinex. By allowing blocknet access to their order book they have a chance to significantly increase their liquidity. I don't think anything prevents bitfinex calling off the deal but I don't see why it would be in their interest to. Blocknet has partnerships with other people besides BFX and they're actively looking for other projects to integrate with.

2. It could be a misreading, but it is most likely some whale had to turn off their nodes for some reason, it seems they came back on anyways.

3. With Blocknet you don't deposit your coins anywhere. They stay in your wallet and until the exact moment you trade, they are in your full control. This means you can stake, you have your private keys etc. At the moment you have to download full wallets in order to trade but SPV is on the way so you won't have to download the full blockchain. I don't think you will be able to use cold storage(since doesn't cold storage have to stay offline?).

1. Yeah, but I guess in general, some exchanges might be afraid of Blocknet because it might take away market share from trading volume (I think many suspect this is why Poloniex delisted Blocknet?).

2. I noticed this too, I think whales might just be moving or consolidating coins in their nodes.

3. Yeah, you can't use cold wallet unless you import the private key into a connected desktop wallet (which then defeats the purpose of it being cold storage). But I believe it is theoretically possible to use a hardware wallet e.g you just need to physically confirm the trades, just as you would when sending coins.