[Passed] Motion to provide seed funding for B&C Exchange - a decentralized exchange built on the Peershares platform

NuShares
#444

You are absolutely right about the price and the missing zero! I fixed that.

#445

You might want to change your sentence directly after also. It’s cheaper to buy BKS directly rather than NSR.

#446

I don’t understand where I stated that buying NSR (to get BKS) would be cheaper than buying BKS directly.
I said

Should I have written “below” instead of “under”?

As the current price is far above 0.000408 USD/NSR it’s obviously cheaper to buy BKS.
Depending on the exchange you look and the amount of NSR you want to buy, you have a price level that is several times above 0.000408 USD/NSR.

#447

Nevermind MoD, I read it wrong.

#448

Is that tomorrow that we get to download the client ?

#449

B&C posted this on bitcointalk

The end of July 3 UTC is the date of record for obtaining BlockShares. The production network will be up and running shortly after, using that date and time to create the distribution. However, BKS will not be delivered until July 19 at the latest. We need to first create a B&C client that will allow shareholders to receive their BlockShares.

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#450

Should this read:

However, BKS will not be delivered until July 19 at the earliest?

If the deliver is going to be between the July 3 and July 19, it would be better written as:

Shareholders’ BKS will be available for use on the B&C blockchain between July 3 and July 19.

#451

That reads to me like BKS will be available on July 3rd and cease to be available on July 19th. My understanding is that July 19th is the goal distribution date, but that it could come a day or two earlier.

#452

In that case is this what is meant?

BKS will be delivered by July 19.

#453

I agree that reads better. @BCExchange can maybe make the update on bitcointalk.

#454

any updates status on the progress of B&C exchange and the BKS wallet client Block Chain Snapshot

#455

Yes, here is an update.

#456

You will need a bcexchange.conf with testnet=1 to run on testnet!

Unfortunately I can’t find any peers on testnet (appears to be one on Main)

#457

Add this to your bcexchange.conf:

addnode=62.4.15.180
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#458

minus the 17236 bks snapshot for the undistributed Nushares of 172,368,982 NSR divided by10.000 nsr = 17236.8982 Remaining I wonder why no one catch that part what will happen to the rest of the 17236 bks will they be burned, along with 172mil NSR sold, redistributed to current holders as Bks or dividends or used for another purpose?

#459

The bitcointalk post says ~85,000 to NSR holders. I see it as something like 1,000 MNSR in existence, 170 MNSR are undistributed, giving something like 87,000 BKS, which is very close to the estimated 85,000 BKS. Undistributed NSR either will be excluded or burned, I’m not exactly sure how the snapshot dealie works precisely.

#461

They are not accounted for in the main distribution table provided in the original B&C announcement, so I think it’s safe to say they will be destroyed.

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#462

They don’t ever get created. The dev team was provided with a list of all the addresses containing undistributed NSR. These are being excluded as the BKS is distributed. To effect the distribution, we are using a modified version of the Nu client to distribute BKS to NuShare holders as though they were dividends.

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#463

thanks for clarification very much appreciated

#464

Can we get a sneak peek of the B&C logo?

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