Bitcoin Forum

Lets be honest, the only thing anyone really cares about is value.

Do you get value out of your coin/currency?


>> Bitcoin <<

The first cryptocurrancy but it has certain drawbacks that many many alts have tried to fill.
Its slow
Blockchain is huge
not truly anonymous
About 5% (actually 11%) inflation right now with mining >> your coins worth less overtime
Few large holders of coins
Massive mining farms can control the price as they can dump or withhold supply as desired.

But it obviously has value.

Most alts have tried to play into the hype that is Bitcoin and Litecoin and varying degrees of success, the last one being Doge. I'm not going into the pump and dump premine coins that are Auroacoin or Spaincoin or whatever flavor it is today.

Enter >> Blackcoin <<

I definitely think everyone needs to take a second look at Blackcoin as it solves the biggest problems bitcoin has.
Blackcoin has:

• 1% max inflation annually, new coins are only created by PoS.
• First ever PoS coin to have solved the forking issue (almost 30 days old and no fork)
• No one person controls more then 2% of the coins
• First ever Altcoin multipool that will mine everything else and give you Blackcoins bought from the market (live this weekend March 21-22)
• Less then 75 million coins
• Fast (less important but its a plus)
• NO PREMINE or IPO

Blackcoin is not for anyone in particular. It doesn't have an agenda like the gimmicky specialty coins. It is only designed to create valuable blackcoins.

How does Blackcoin accomplish this?

• No additional supply being dumped daily on the market, currently there is less then .2(Actually .06) BTC being created daily. For contrast, 500+ BTC is needed to sustain the DOGE price... per day.
• No large holders manipulating the market.
• MultiPool that constantly converts alts and even BTC directly into BC value at a calculable rate. Currently tested at 7.5 GH scyrpt and 1.5 TH on SHA256 during the beta on March 14th-16th

The Bottom Line

This is a feedback system without a blowoff valve(aka inflation). I honestly don't know what blackcoin will do at higher market-caps, but I can say it could reach pretty massive heights. I wanted to make this as even people that are trading blackcoin right now don't truly understand what its capable of.


TLDR : Blackcoin will retain whatever value you put into it and grow over time.

www.Blackcoin.co
https://www.mintpal.com/market/BC/BTC
https://bitcointalk.org/index.php?topic=469640

EDITED to included corrected inflation numbers

I think BC will be a good store of appreciating value over time.

It's going to be difficult the first week once the bcmultipool fires back up, but after a week I think we will see prices stabilize a bit.

I'll try it out ;D

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?

Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.

The mintcoin pool is a joke at 50 mh. The blackcoin pool will be over 7.5gh (expecting closer to 20 gh within a week) not including all the other algorithms.

1 week turnaround from beta to live seems pretty reasonable.

I don't disagree that the turn around from beta to live is reasonable, and I'll admit I have not looked in to MintCoin's multipool - my point is that you want to get dedicated miners in early so they don't hop on another coin. If they can return to what the previously had in beta and exceed that to what you're predicting, I'll be stoked as that means I was right about BC's future... my fear is that a week off, with other devs now stealing the idea, could harm it. Time will tell and I hope I'm wrong.


Also, I mined it for 36-48 hours and only got 300bc at 2440khs.. was kind of disappointed but expected as much from a beta.

I totally agree with you. I also mined on the pool at got around 500 coins for 24 hours with 7 mh... I normally get around 2000/day. But keep in mind I was normally mining around the price of 500-2000, not the 3000+ it was during the weekend and it was mining a shitty coin. The beta was just to test the load of the servers, the actual payouts were rather lackluster.

It will be completely automated with low fees once it goes live.

+1

i dont think anyone really understands what we have stummbled on here. this has the tech and the correct setup to really shake up the value of this coin.
all miners will now be worth using
a coin thats a safe investment because of constant buy power

1 bc = 1btc!! there i said it first! lol

i think this is going somewhere

BC will be top 5 volume for the 2nd time in 5 days.... not even top 20 market cap. It's going to equalize

You can allays try copy something but that not always will work.
Perfect coin for such action like BC is:
- 0 premine all coins have some Value, no backstab from greedy Devs ;) ( research Mint, Panda)
- low inflation 0-1% or no inflation

Some inflation like 1% is needed to keep POS alive.
1% inflation in POS can lead you avoid to pay ridiculous fees like with NXT...!
Eg 1 BC cost 1000$ and you pay 0.1$(or 0 ;) ) for transfer while with next
1 NXT = 1000$ and you pay hmm 1000% for transfer...But allways you cannot avoid fee.
Conclusion some inflation but low is better than 0% and ridiculous fees.

About Bitcoin inflation is not 5%... BUT 11,11% surce : https://en.bitcoin.it/wiki/Controlled_supply
Litecoin this year will have 33%...
In 11 years  BTC will get less than 1% inflation but that inflation.
BTC It can take even more even 20 years to get 1%... because real amount BTC will be lower by projects like Mastercoin,XPM which destroys BTC forever and BTC Vanish from market for ever.

We produce ~2054 New BC Day to buy all you need ~0.06 BTC... BTC with price 3000sat
But do you believe if someone has Eg 100k and get 2BC daily from stake he will rush to sell it :D ^^ ?

Please correct Data 0.06BTC...to Buy all BC (PS: once i made sililar error 1% from 75m is 0.75m / 365 = 2054BC day)
And BTC inflation to 10% ^^ https://en.bitcoin.it/wiki/Controlled_supply

Updated, thanks for the research Blade

Agree 100%

It has transformed the need for ever-growing hashing ASIC power that has BTC into a permanent drain from other altcoins. In fact, if i were a BTC whale, i will point my miners directly to BC to damage the rest.

ONE FOR RULE THEM ALL.

The name is not PalCoin, or DudeCoin. Is fracking BlackCoin. Lets put some attitude here  ;D

Call me crazy but I think this might reach Litecoins market cap, it may not be for a few months but it will come eventually

I am seeing Blackcoin getting more and more popular. I have a few thousand and I certainly am not selling them. I will hold them for the long haul. If they ever reach the litecoin price it will be just awesome. :)

Instamined gimmicky sponger.

https://twitter.com/CoinBlack/status/446335086611288065

20 + GH scyrpt

6.5 TH SHA within 60 minutes of being operational.

150+ BTC bought on open market per day

almost 100k added to the market cap every day.


Not sure what is gimmicky about draining all other coins of value in a low inflation coin.

So why is blackcoin better than anoncoin?

Very nice write up MuffinMaster, sorry I missed this I would have posted sooner.

As time goes on it will become more apparent what a gem we have here with Blackcoin. 100% proof of stake means it's much more energy efficient than Bitcoin or Litecoin or in fact almost any other coin out there.

What has been a real bonus for me with this coin is we have an active developer who is spending his resources on clever ideas like the blackhole multipool.

Most importantly though - no premine and the coins were allocated through proof of work mining.

Check the top post...

blackcoin can only be bought or staked, anon coin can be mined into oblivion

so you can no longer mine it?

How long did the mining period last?

The original mining was 10000 blocks.
Now we can mine once again via http://bcmultipool.com :)

10000 blocks is only about 6-7 days.

so yeah like everyone else is saying ... instamined ...

And why 1%, no one is going to hold the coin for 1% annual interest

I think we have a last place finisher in the reading comprehension race.

fyi.. there was 23 gh on BC at one point. there is a ton of people with coins, which I explained on the first post, no 1 person holds more then 2%. Very few hold more then 500k (less then 20)

This currency does not differ alot from every other alternate currency. And you know it, so stop pretendeing. Sorry, but someone has to say it.

Humble regards

How do you know no one person holds more than 2% and few hold less than 500k ... can you prove it?

If you have enough determination try check history of all top bags.
I have observed them and i can tell you that many 1st top place was big GPU/ASICs farm  but they
 almost all cashed out that is why price was driven to 500...
when they went out price recovered.
BTW Blackcoin in 5day had 50Ghs / 400+ diff !! when price was about 3500 sat.
average speed was 10-20 Ghs... (with maybe 2-3 days of 3-9Ghs)

Later price was sitting @500 not many were interested so not us fault that some has missed train :(
You can always wait to next correction to jump but price can be much higher than now.

Sorry brothers that wasn't instamined... Like (PLNc hundred block in few mins)
I was there and i can assure you it was hard to mine BC it was sometimes profitable sometimes i have mined below cost especially last days...
10-12Ghs network and price 1000sat.
Most miners dumped BC as soon as they could and jumped to another coin.

This will make anyone who invests in it very rich. Thats my opinion. The idea for the multipool is the most brilliant thing I have ever heard. They are taking value out of other shitcoins and I think everyone can support seeing Doge get sucked into the black hole!! In reality... all that needs to happen is the devs need to stay focused and honest. I really hope they do because they have come into something very brilliant that other coins will only want to copy. I saw black perform well in a down market! That says something. Their pool will easily become the biggest.

https://i.imgur.com/iuwSQks.jpg

Nice writing up this piece  :)

Check the blackcoin thread for more info
https://bitcointalk.org/index.php?topic=469640.0

I have that on the OP :)

Some hilarious drama from yesterday that was used to as an excuse to load up on cheap coins. Price is sitting where it was yesterday morning.

Can someone explain what makes this POS more immune from forking than other POS?

Reading this post, there seems to be concerns and realities that pure POS can run into "nothing at stake" attacks.

https://bitcointalk.org/index.php?topic=316813.0

So, is the fact that there is no fork, just luck, or some inherent function in the programming?

I think it might be partly due to staking being possible every 8 hours. Not sure though.

The hash rate isn't nearly the same, and Mintcoin still has still a hybrid so doesn't benefit as much from the multipool as blackcoin does. I agree though the launch could have went better.

so why would people mine altcoins and get paid in blackcoins? if you have to sell blackcoins to get a return doesnt that defeat the point of the coin?

Stable store of value in the long run and its a currency that has a very small energy footprint.

the energy footprint of blackcoin is irrelevant if the mining is done using other coins

Not exactly true, because as other coins realize their strategy cannot stand up to POS + multipool mining it will begin to phase out POW cryptocurrencies. Overall it will cause a decrease in the amount of energy spent on cryptocurrencies. This is one of the many reasons its such a powerful idea.

Basically Blackcoin is just a rip-off of everything that MINTCOIN already does, including the "all ALT coin conversion to MINT" pool...

Go mine the MINT conversion pool if your going to bother...

So what your saying is , This coin can't be mined because a load of early adopters jumped in a rinsed the shit out of it, Taking a ton of coins, Which we can now be paid back with for mining 24-7 on Alt coins ! lol this is a joke.

I hope nobody buys any of these coins.

Regarding anonymity, does blackcoin have any anonymity features like darkcoin?

No, but neither does darkcoin yet. There is a possibility we could encourage the developers to add it after darksend is open source.

Is dark send only being used on a test net at the moment?

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development.

Woah what the fuck, this guy just posted exactly what I posted on the 18th.

I think it is, because there is a coin (I do not remember its name), which distributes premine to people who have at least 50 "quality posts" on this forum. This "clever" guy thinks, he can copy what was written and make posts this way.

But at least thanks to him or you I found this interesting topic about BC. It went up in the list. Now I bought few BC.