Quote from: Queeq on October 21, 2014, 12:38:36 PM

Quote from: mxxxxxx on October 21, 2014, 11:09:19 AM

A little summary for some important questions and answers :

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

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

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

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

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. :-)

Thanks for the summary, but I still don't understand what would Blocknet take fees for if not currency conversion. This way it seems like just another coin with own blockchain and ability to interconnect other blockchains.

Wrong Blocknet is the Hosting.

XC, Fibre, Swift and all other coins are the "APPLICATIONS" .

Applications can make money.

Money can be shared.

Shareholders are Blocknet

Shareholders are Coins Participating

Shareholders are Maintenance Fees

That is my summary. And if I am honest I am looking forward to that. That gives a lot of possibilities.