Quote from: stealth923 on October 21, 2014, 10:47:36 AM

I must admit, I am trying hard to understand how this all works but I am stumped... Blocknet, ITO's, 10% off sales for coin/share purchases, Web 3.0, XC Inc Shares, Micropayments, XNodes, XChat, XBridge, XMixer .....this is the most confusing coin ever......Good luck marketing this to your every day user.

Edit: And I am concerned by the statements above - it gives the impression of a desperate attempt at a cash grab...."combined market caps of all the coins" come on...

You should guys visit BlockNet thread too, a lot of good info there

Quote from: synechist on October 21, 2014, 10:42:33 AM

Quote from: Queeq on October 21, 2014, 10:40:25 AM

Quote from: synechist on October 21, 2014, 10:24:06 AM

I would like to apologise for the inclusion of the "Reasons to buy Blocknet shares" paragraph in the OP.

It was not intended as investment advice, but rather as a cursory summation of fundamentals.

It has now been removed.

Thank you for the update, but it is still unclear why Blocknet shares are needed at all.

Blocknet fees have to be paid in something right?

We're offering the community a chance to earn Blocknet fees by owning shares (tokens).

In return, the Blocknet gets development funding.

Quote from: synechist on October 21, 2014, 10:45:22 AM

Quote from: 00Smurf on October 21, 2014, 10:43:10 AM

i was merely commenting on others points that they brought up while injecting my own point of view that i don't think tokens are needed in order to do currency conversions, which both supernet and blocknet use. Bit/Black halo has already shown that crosschain trading can be done without the need for a token. This is merely my opinion as a person.

You're right, Blocknet tokens are not used for currency conversions.

They're used to allocated fee-revenue to holders.

They're also used to express the value of the Blocknet.

And, lastly, they're used to enable community-ownership of Blocknet assets.

Quote from: synechist on October 21, 2014, 10:52:21 AM

Quote from: Anonymous on October 21, 2014, 10:48:11 AM

I want to clarify, that although without some sort of tangible proof-of-concept I believe this is purely a vehicle for market manipulation, I also fully support this project and will be following it closely. Grin

Personally I'd love some proof-of-concept code to be released prior to the ITO.

Part of the XBridge code is actually completed so this might be possible.

Regardless of that, the XBridge protocol is based on the Xnode protocol that XC uses. If anyone is worried about development talent or the ability to deliver, take a look at XC's timeline.

Now pool all the developer talent from all the participating coins.

This code will get nailed down good and proper.

Quote from: synechist on October 21, 2014, 10:58:48 AM

Quote from: qawzsx on October 21, 2014, 10:56:23 AM

Quote from: hoertest on October 21, 2014, 09:00:03 AM

coins like ppc or doge would bring a huge userbase to blocknet which is just as important as the unique and innovative features of the current blocknet coins. so this is not about neither the one or the other , both well known coins and new innovative coins can benefit from taking part in the blocknet.

but blocknet had to start somewhere and its easier to start this with smaller coin teams. when this turns out to run smoothly i think a lot of old school coins will join and they are very welcome. If you are one hosting a service like XC private transaction by holding 1k xc you welcome them with open arms.

I think the BlockNet targets tech, not userbase. For real? Doge, gtfo with that shitcoin, it's just a plain stupid copy-paste of litecoin, no tech at all in that one.

You're right. All current participating coins are included for their genuine (and relevant) innovation.

Personally I'm not averse to large user-bases by any means though. :-)