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

[tomjoad]

Is that tomorrow that we get to download the client ?

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.

[Ben]

However, BKS will not be delivered until July 19 at the latest.

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.

[tomjoad]

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

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.

[Ben]

However, BKS will not be delivered until July 19 at the latest.

In that case is this what is meant?

BKS will be delivered by July 19.

[tomjoad]

BKS will be delivered by July 19.

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

[NubitGuy]

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

[JordanLee]

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

Yes, here is an update.

[Cybnate]

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)

[sigmike]

Unfortunately I can’t find any peers on testnet

Add this to your bcexchange.conf:

addnode=62.4.15.180

[NubitGuy]

Approximately 80,000 BKS won’t be sold exclusively to NSR holders - instead holding NSR at snapshot time (3rd July 2015) will automatically distribute BKS to the holders in proportion to the NSR they hold

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?

[Nagalim]

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.

[tomjoad]

my question is far simple what happens to those bks

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.

[JordanLee]

my question is far simple what happens to those bks

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.

[NubitGuy]

thanks for clarification very much appreciated

[Sebsebzen]

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

[tomjoad]

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

It was finalized on Monday, and we’re just waiting for the full design package to arrive from the designer. Very hopeful it will be arriving in the next day or two.

[tomjoad]

Our logos are complete! You can see the full branding profile (with a link to download the entire suite of B&C Exchange logos) here: https://bitcointalk.org/index.php?topic=1033773.msg11824662#msg11824662

Let us know what you think.

[cryptog]

Pretty cool. Nice job.
I like the simplicity, the holographic aspect, the fact that the vanishing center is created by the clear edges, the green representing the heart chakra and the indigo representing the psychic chakra, no satanist pentagram

[Sentinelrv]

Excellent design! Somehow I imagined something like this, minimalist and green/blue colors. I also love the various ways that it can be visually interpreted. Great job!

[Sebsebzen]

Really good job! Impressed. Love the DIN font.

Looks quite distinct from NuBits too. Maybe something to learn for the next Corporate Identity upgrade.