Bitcoin Forum

BlackCoin claims to be the first pure PoS coin.
However NXT is around a bit longer and also purely PoS, they also took the effort to build a whole new client (is that a good thing??)

On the other hand, BC is doing something well regarding the prices.

Check Blackcoin community and, afterwards, check NXT COMMUNITY.  ::)

Nxt is the FIRST PoS cryptocurrency ....   ;)

pfft.... NXT is uncomparable...PLEASE.........NXT!!!

The Nxt bagholders circlejerk is wider, yes.

I see lovers and haters but still.

If NXT has all BC has than why is BC the only one really moving up?
Is it a Pump n dump scam?
Is it because the look n feel is familiar to other e-coins (BTC / LCT)?
Is it because NXT is past the phase already?

Check btcwhale account on twitter, he started pumping on 10 march. Warned everyone clearly

Is BlackCoin a NXT Clone?

Not clone lol...

Blackcoin is 1st coin which turn of POW system after dystrybution !...
Other coins like eg Mint are still in POW/POS mix.(maybe 1 coin reward for POW block but allways).
BC transactions are in 5-15s usually. Other POS coins in reality have "POW" part and that is why they are bit slower.

Nxt was distrybuted in other way NXT was 1st POS in system
but Blackcoin was 1st coin distributed by POW system and it turned off POW and switched to pure POS.

BC is not clone NXT.

Oh sorry man, it was just a question

Premined? Blackcoin was distributed fairly as Nem?

Well, BC has ZERO premine and it was distributed by PoW mining  hence it's not comparable with "NEM" at all... ;)

We are actually still in the very beginning now and every coin that has any advantage over others will attract a lot of people bezcause market is growing very fast. No need for black PR and fierce competition now. We are like children throwing stones at each other in a glass house...

Blackcoin is like a bitcoin version of NXT.

NXT is based on completely different codebase to Bitcoin. And the coins were distributed purely by paying for them

Blackcoin there was an initial proof of work mining process to distribute the initial coins.

There are some similarities but also some major differences.

Then Bc is a Bitcoin clone!?  Or is written from scratch?

Pure POS part was writen probably from scratch we don't have any other working coin without POW disabled.

Such starts like Nova/PPC/Mint all have POW part inside parallel to POS system.

where?

Part is written from scratch, and the other part is copied from?

Look at source code.
I probably some parts like others was taken from BTC/LTC/PPC interface initial POW part.
Mostly main code is fresh. I dont have eny experience with git hub:
Here link for surce code:
https://github.com/rat4/blackcoin

To my mind the most innovative thing about BC is the bcmultipool.  It's a black hole for scrypt altcoins which mines the most profitable coin, dumps it for BTC, and auto-buys BC.  It is constantly pushing up the bid for BC, and pushing down the bid for all the scrypt coins. 

One can easily understand how this could remove all the marketcap from every scrypt PoW coin, and move it into BC.  It's also a great way to mine BC indirectly, now that the PoW phase is over.

Sounds good to me! How i can mine BC?

you can't, its mining phase is over. it is purely PoS now, you can only buy it.

or mine at its multipool, which cashes out in BC

If there's no mining in NXT, how exactly did the coins get distributed? Someone mentioned that people bought them initially. So the developer made BTC off of selling his premined coins? At least ripple gave some away for free... :P

Both these coins seem shady. 100% POS ensures the whales get richer.

Initial IPO of NXT was only 21 BTC.
PoS must be initially distributed- it lies in its nature.  The way BC did it was very smart : Proof of Work.

There's nothing shady with these. Just a lot of misunderstanding usually.

So how many people exactly received NXT in this initial IPO? probably just the dev and a close circle of his friends. This BlackCoin thing doesn't seem much better either. How long did the mining period last for? Probably only a few people got their hands on them before mining ended, which is weird as the coin is like 2 weeks old.

LiteCoin has a better distribution than both of these, and people can still mine them with GPUs. As far as I can tell, this BlackCoin only has pump-and-dump potential at the very most.

http://maarx.nl/maarx.nl/blackcoin/distribution

I was from beginig and those top 10 places was floating 1m - 4m...
i think distribution of BC was ok.
There is no sense in ague about distribution because now eg with up coming ASIC for LTC will brake your great distribution like it is with BTC.
Only BTC farm can get some coins like that from cex.io.
Whole idea mining BTC for regular Joe was burrowed year ago.
Now only BTC farms get some BTC...
LTC was mined in 33% by gpus now with ASICs your distribution will follow BTC path...
I give LTC hmm 6-12 months and forget GPUs. That will be ASICs festival.

LTC was P&D too it took time to stabilize market. LTC price jumps 1$-50$-13$ ^^ yea P&D free during lifespan.
Give BC one year and then we can talk which distribution is better.
Today in one month of lifespown there is no sense to argue about it.

NXT is just other kind of distribution...

ASIC miners don't kill distribution. Those people investing in ASICs are spending a lot of money and taking significant risk. Some may not even see an ROI. Whereas according to you, the initial investors in this BC had 1 to 4 million coins? Bitcoin also went from $1-$1250-$600, so you're right; all of them have been pumped and dumped. But some have more staying power than others due to infrastructure, interest, exposure, etc.

Another nonsense coin compared against a complete ecosystem. Seems legit.

"ASIC miners don't kill distribution. "
This is not about killing this is making more about making miners monopoly and centralization of minig...
Whole idea of decentralization is to keep hash-power speared around the world ASICs  unfortunately
are going to making centralization of mining. Just look at hash power distribution now and 2-3 years ago.


Whole POS system idea is totally different than POW.
Eg. with POS crashes are healthy because crash brings new people inside circle.
In POW crash kicks out weaker miners...

Is hard today compare POS/POW we need time and some analyze both systems.


Give POS time to create it own.
NXT is live 3 months... BC 21 days.
After one year we can set up some conclusions.

yes,but BC is clone BTC,right?

Sure we can give it one year to draw conclusions. You can hold BlackCoin/NXT and I'll hold BTC and LTC :D

BC vs NXT?

what? sorry never heard of BC... but I heard a LOT about NXT...it will kill all these Crypto Exchanges once the NXT AE is released....

At least someone uses his brain... There's no point comparing the nxt ecosystem with the obsolote bitcoin clones.
BC is a bitcoin clone "basically" with minor differences like POS once all coins become mined, in the other hand, nxt is a complete new system which is open to do a great variety of things, not only asset exchange, but paralell chains, messaging, AT... take a look to how many things you can do with that and then compare it to bitcoin.
Really people don't realize about this differences?
And please, stop spreading the distribution shit... which percentage of population is a miner or is able to get bitcoins or bitcoin clones withouth buying them? The distribution is mainly between this forum members... So please, use a bit of common sense  ::)

^ So much TRUTH here ^

Nxt multipool, 50.000 NXT have already been mined on: http://hashrate.org

+1

NXT isn't just a simple all POS coin. There are several other (planned or existing) functions as well. In addition NXT is a new code base, but Blackcoin is a jet another clone.

that's not true  ::) just search around  ;D


i was nxt stakeholder and i say that nxt is a total scam considering the initial repartition.

bc was more fairly distributed, only 7 days, but people had a fair time to buy it when it was cheap. i bought bc early at 2500 sat and saw it go down to 500 sat without much fear :)

i'm waiting for a decent nxt clone to buy in, and i have a nice stake in bc for long term.

Anyway every markets are fucked up right now due to this little chinese crisis :p so i'm buyin cheap alts 

you mean Nxt when we were buying Nxt in November for 100 Satoshi? Or in December for 400-2000 Satoshi? Now you can buy for 5000 Satoshi

i mean i was in the 71 stakeholder list

for a btc (200$) u could have had approx 40M nxt  :)

BC is essentially just a bitcoin clone with a very fast PoW phase so now the mining has finished.  Bitcoin will be like this someday too in a long, long time.  But as far as what's under the hood, they are the same and do the same thing.  There isn't anything that BC can do that bitcoin can't do and will adapt if needs be.  

NXT on the other hand is a whole new platform, not just a coin.  Right now, it is only a coin, alias system, and messaging system (already much more than BC), but an alpha asset exchange has already been released and is being tested.  On top of that mulit-sig is being worked on.  This has already had its proof of theory tested and proved successful but is still in the very early stages.  One developer has succesfully transferred Doge into the nxt ecosystem, had it represented by NXT and then had it safely transferred back out into Doge.   This isn't easy to do at all or many people would have already done it.  (I am talking about you Mastercoin). But if/when this is fully automated and working properly it will be the killer app.  That basically means NXT will be a decentralized Mt.Gox, except it can't fail.  No trust in a third party, no more wondering if an exchange will run with your coins.  While you make an exchange, the coins are always yours.  On top of that, the fees are planned to be much lower.  Comparing any current coin and NXT is kind of silly.  Ripple could be compared but has its flaws too, and maybe in the future Ethereum, but....... Ethereum is in development and NXT is here now.      

BC is just another bitcoin twist marketed and hyped to be something really cool and special, but is really the same old thing.  


Truthfully, we don't know what exactly NXT will achieve.  Its flaw is that its original IPO didn't have that many investors.  At the same time, its IPO was open for a very long time, anybody could have joined, but 99.99% of people thought it was a scam.  People constantly harassed the developer saying he was just taking the BTC and running.  In the end, he gave the community the most interesting surprise since bitcoin, and out of nowhere.  

People said bad things about it because the IPO was so small.  But in fact, in someways that is also its strength.  A few hundred people ended up being big holders after the first few weeks, mostly big whales and nerd types.  The whales are giving out huge bounties to anybody developing the code, and the people that can actually code (not just copy and paste), are working really hard to develop it.  In this way a nice community has been built by people that won't have anything to gain unless NXT is very successful and to that end NXT is being developed quite well.  If you would like to have a look, please click here and try out a test network beta of the next nxt client.  http://nxtra.org/nxt-client/

Or install the current real client https://nxtforum.org/nrs-client-how-to-help/(nrs)-(0-8-12)-latest-nxt-client-and-english-tutorial-(2014-03-21)/  and get some free coins from a faucet here.  http://nxtra.org/faucet/

As of right now, NXT is more or less just another coin with a very green mining system and a few options.  Not actually that much different from much that is already out there, in six months from now if nobody is able to write code, it will still just be a coin with a few more options than any other coin right now, but if the developers come through, it will be far superior than anything the community has. Seriously!

a new chance for everyone

BC!

...a founder with a very cheap 500'000 NXT stake, who decided to sell early because he didn't believe in it, right?
scam is definitely the wrong word, it was an investment you used for a quick profit, nothing more nothing less...

lol profit

Slavo invested 0.01 Btc and sold all 400k Nxt when price was 0.2 cent. It is 3 cents now. Sad story

True story.

Life is Life

Life with Black coin!

dat troll  ;D

Why even compare BC to NXT< totally different type of coins.
BC is just another coin.
NXT is absolutly new system that contains finnancial instruments.

When was the PoW phase for nxt? You know, the part where its fairly distributed?

POW phase was, when those people paying for their stake were working dayly jobs to earn money.
Send money, get stake, dont send, dont get... fair.

- More fair distribution (through PoW mining)
- Forked novcaion-pp-bitcoin src (that everyone is familiar with)
- Multipool


Are the main diffs

What?!? So it was 100% pre mined and then sold off to the public...who consequently had day jobs?

When is the IPO of Blackcoin or was there already the ETA of this coin?

You really don't realize how small is your world? Don't you see that the four geeks in this forums mining for a (sarcasm mode on) fair distribution (sarcasm mode off) are less than 0,000000...1% of world population, and the rest of "normal" people and potential buyers don't even care about mining?
The "fair" meaning in your tiny world doesn't means the same as fair in the real world.
I don't really think that even far less than one order of magnitude in initial distribution is an argument, and even so, nxt is better distributed than bitcoin. Why only geeks could get coins? Nxt is a great idea, the price is low, the oportunities are huge...

Every reply of lopalcar is pure gold.

I think NXT need you in its committee, your ideas are clear and easy to understand!!  :)

.07 own 30% of nxt...

i'll stick with BC :)

Blackcoin has been out for over a month. you missed a pretty epic run from 500 to 9400, BC has been trading around 4-8k for the last 2 weeks on massive volume. (top 5 volume repeatedly and sometimes top 3) BC could have a market cap of 50+ mil which is around 25 times what it is right now.

Find it on Mintpal and Cryptsy among others

By the time yo're the only one who has shown appreciation  :) , I only expose logic ideas that everyone should be able to deduce, but too many "dinotrolls" owners of first gen coins spreading FUD around  :(
One day people will realize how great system nxt is "maybe could be other better in future of course" and stop posting nonsense things comparing it with the first gen coins...

Is so difficult to realize about the true which BCnext said?: A world with the money can not be perfect
And I really don't understan which people pretends... If everyone is rich which value will money have? Who will do anything for other one? And if even then someone starts to do things and becomes richer than the rest, then they will start to say that he is bad for being richer than them?
Please, start a new world with a complete new ideology or stop posting nonsenses...

I'm starting to think "not starting really" that almost everyone here is here for make quick bucks and give a shit about how innovative is the system and how this could change the current economy system, or maybe they don't even realize of this

I appreciate your posts too... and invite you to join nxtforum.org!   :)

Litecoin, Bitcoin and Dollar have got worse distribution. I would bet BC has got worse distribution too, there could be early miners and early investors, who own 30% of BC, and it could be .007 percent of BC owners

Then why is this coin here? By your logic it is something entirely different and doesn't belong in this "tiny world" of cryptos and should be with the "normal" people (WTF!?!)
You answered nothing and gave underhanded insults followed by a bunch of cheerleader posts, its ridiculous.

So to understand: "One entity" started with 100% of all nxt coins proceeded to "Fairly distributed them"...by selling?! Thats not a definition of fair, it's the definition of Pyramid scheme. Am I wrong?

Who cares? http://allthingsd.com/20091005/new-yorker-bezos-initial-google-investment-was-250000-in-1998-because-i-just-fell-in-love-with-larry-and-sergey/ and people still use Google

Tiny world is of miners, not of cryptos, miners are only a small fraction of this world, so please, don't call fair distribution to this method of mining by 4 geeks...
What BCnext did can't even been called sell, he didn't seems to be looking for a profit, why cut in 21BTC? Will this even solve his live or any similar?
Well, he could give them away, right, but some people invested, took interest from his idea and took a risk, now they have their reward, same as miners who spent electrycity and money in hardware in 2010. Why you use bitcoin if they get thousands of bitcoins per day and now you can't even get one cent? Isn't this the same? Firsts always get more than the last in majority of cases.

And when you understand that nxt isn't the same as Bitcoin, we can talk, the distribution method is different because they are different systems, bitcoin has created the idea that cryptocurrency means to be mined, but no, it's another system, see it like you never heard about bitcoin and maybe you see it with another eyes.

pd: I'm not insulting anyone, only giving arguments, it's a bit irritant for me that people don't see the differences between the two systems and mess around in the same bag, I'm only trying to explain the differences and give another point of view.

trolls are trolling again... solution?...ignore the trolls...never feed them...LOL...