Blackcoin still has a tiny marketcap. It's marketcap is now only a little higher like it was in 2014. That means Blackcoin was able to get some of the cap back it had in 2014 but also no great market attention yet. Even with the latest pump, that was still relatively small.

I doubt that anyone can tell that. Only thing I can say that Blackcoin is still undervalued and some blackcoin copy cats have like 30 times greater marketcap. So it's certainly not the technology that dives or stops the pump here.

Blackcoin is one of the most undervalued coins of all altcoins. It hangs in the top 60 area despite being the leading coin in BPoS

You are right with most of what you say, but Blackcoin also was always noob firendly. We welcome any new user and most questions will also be answered. Of course it's difficult to answer questions about the price because in crypto markets it's hard to predict where the price goes.

The technical details about Blackcoin and it's benefits however are not easy to understand for everyone. But people need to understand why PoW is flawed and they're better off with PoS. While PoW is not flawed in terms of security (the theoretical security issues in both are similar), it has alot of practical obstacles. When sometime in the future for instance the block reward in Bitcoin becomes so low, that miners merely get the transaction fees only, the transaction fees will rise even more. The price for a transaction is already high which makes Bitcoin totally impractical for transfer of smaller amounts, and it will grow even more in the future. In a PoS system the fees can always remain the same, because the energy consumption doesn't increase exponentially. In fact, the more people participate in staking, the faster and the more decentral blocks are created.

That being said, there is a possibility when Bitcoin will become impractical to use for a greater audience and any other PoW-coin basically faces the same issues. Increasing the blocksize only delays the issue but does not solve it.

At this point coins like Blackcoin need to be there to offer an alternative. However to be a true alternative, we need more fiat pairs. It's important that we are not only able to buy Blackcoin with fiat money but also exchange Blackcoin back into fiat easily. That is one very important step to be a serious coin and a serious alternative to other cryptocurrencies. If anyone wants to offer a service or product for Blackcoin, they will want to pay their rent and their salaries and need to transfer Blackcoin back into real world fiat money to do so.

Blackcoin was already accepted by alot of businesses, but a few of them closed and vanished over the last three years. Blackcoin needs a comeback and is still not there. There's still much to do to increase acceptance.

Blackcoin has a huge potential, technologically and practically, but we need to do more work on this.

$1 is still underpriced if you look at Blackcoin copycats on marketcap. Stratis has 30 times greater cap

What Blackcoin needs most is marketcap. We don't need pump and dump and also actually the BTC price should become irrelevant. That means, Blackcoin needs fiat pairs. The greatest volume Blackcoin has is on BTC38 with CNY.

Blackcoin honestly wants to be an alternative to Bitcoin. Blackcoin promotes PoS as a better alternative to PoW. However to become a true alternative, it needs to be taken serious enough, that means serious fiat pairs on more markets. I can buy Blackcoin with fiat but I can not trade it except for a few examples. To be taken serious it however needs attention. Gamblers kept away from Blackcoin for most of the time now, the market support this coin has, that lifted it from 4k-5k Satoshi to 9k-10k, is mainly from China. However the current fiat price for Blackcoin (~0.25 USD) did remain quite stable and is on the same level like it had 3 years ago in the initial peak when it went to 90k satoshi.

People must see this coin as a reliable alternative to Bitcoin and for that it needs attention. Much much more attention. And with attention comes marketcap and with marketcap comes fiat pairs.

It's like some of Blackoin's most advantages are at the same time it's greatest disadvantages in today's market.

Blackcoin has no scam, no rippoff, no lies, no ICO, no whales. Blackcoin is honest and humble. Blackcoin devs keep humble in the background and value the community. We have no snobs and no shills.
Not being the asshole grants you honesty, but doesn't reward you in market attention.

Now Blackcoin certainly donesn't want to become the assholes. However it could maybe become a little more bold, because it has alot to offer.

No, I am arguing against what you suggested, or what I understood you suggested, that one could get a higher chance in creating a block by just spreading their small balance over x-thousand wallets and thus centralize the block generation with increasing their stake chance. The more wallets, the more often selected, the more blocks created by that one person? Nope, that doesn't happen, as many have explained here now: Except for some tiny rounding errors maybe, as deisik pointed out, it's your whole balance that you control that gets selected, not the total numbers of wallets. Two people with 1000 coins in total create exactly the same amount of blocks, no matter how many wallets or even addresses they control: The guy with 1000 coins in one wallet get's selected 1000 times and the one with 1000 wallets each holding 1 coin get selected 1000 times since each of these 1 coin wallets have a 1000 times smaller chance to create a block.

After all, no matter what you do, if you want to attack a PoS coin you need to buy up enough total balance to have the majority of all blocks created by your wallet(s).

And again, I never claimed that PoS is technically more secure than PoW. Both are quite equally secure. Just in reality it'd be easier to invest a few million to gain a significant amount of hashing power than having to invest billions - and devaluing your own investment with your attack.

In PoW the obstacle to get the privilege of creating a block is your power to solve hashes against the network and in PoS the obstacle is to actually own the coins you want to attack (which means you're attacking yourself or your own wealth).

And BTW we have not even started to talk about advanced attacks like the possibility when you dDoS the biggest pools of a PoW network to give your own pool a greater chance to solve blocks. Imagine someone started to attack pools with the mirai botnet in a run like that attack against Dyn that brought Amazon and other big providers down in October last year.
http://www.globaldots.com/mirai-botnet-vs-dyn-attack-brought-half-us-internet/

This can be solved using dumpwallet command from console it produces a file with all private and public keys.
This file can be imported using importwallet, after that the balance is the same as in old wallet.

Next release will have incompatible wallet, and use different directory as the reference client.
There will also be an migration script which will automatically transfer funds to new wallet.

If you want to contact the devs directly you can ask on slack under #support.

So? What's the point here? There are coins that for what ever reason are better distributed. Yes possible, but what now?


Technically yes. It is way undervalued, especially given the fact, that a few shitcoins with no technical advantage at all are above Blackcoin in marketcap.

The coin runs stable, the client just has been updated to bitcoin-lore, the dev team is active and the community as well and we have good fiat buy support in China via BTC38. The price remains rather stable around 0.25 USD (+/- 2 Cent), even when Bitcoin pumps or drops 400 USD in a few hours.

The only issue is that Blackcoin lost some of it's marketing drive over the year. It's now flying beneath the radar. There is no Blackcoin hype anymore, that helped us once being a top 10 coin. There is no other reason than that. And this causes less volume on BTC exchanges (biggest volume for BLK is with CNY pair on BTC38).

A realistic price for Blackcoin could be 1-5 USD per coin, once it gets some attention back.

Not yet but the benefits of SegWit have been considered to be implemented to improve the PoS network further.
Maybe it should be one thing to consider in future releases.

https://www.reddit.com/r/blackcoin/comments/6dfl4v/what_are_blackcoins_thoughts_on_segwit/di2drzz/

Still you claimed that one could spread their balance over 100,000 wallets and then stake 100,000 times that often.
This is not how it works. A PoS working like this would indeed be pretty stupid and would be exploited as soon as the coin implementing this launched.

You wont get selected more often, because the selection is not just random but random with a probability factor that's determined by your wallet's weight. 1000 coins get selected more often than 0.001 coins, at the end of the day it doesn't matter if the balance of 1000 coins you own sits in one wallet with just one address or fractions of it in 1000 wallets with 1000 addresses.

Sorry mate, you been the one who didn't understand how PoS works, and you want to teach us about security concepts in PoS and PoW?

That's why they are not randomly selected equally just by being there no matter how much they own but randomly selected according to their balance weight. You don't get selected more often when you have 0.001 coins in 1000 wallets than when you just got 1 coin in one.

I think there are certain misconceptions about PoS in the crypto community.

what?
The amount of wallets don't change the total weight you have on the network. You also could run them in x VirtualBoxes and still earn the same amount of interest. Your "control" doesn't change by the number of wallets you run but only by the amount of coins you own.

It doesn't matter, if they have all their coins in one wallet or 10000, annual interest always remains the same.

If you had three wallets, one holds 800 coins, the other two 100 and you had an interest of 1% pa, after one year one wallet would be 808 and the other two 101. Thats the same interest as if you had 1000 coins in one: 10 coins interest pa. You just wasted more energy (to run three pie instead of 1) and money (to buy 3 pie instead of just one).

Edit: Math error

Yes, and when people would learn, that they don't need these "server farms" that do some mathematical hocuspokus with megawatts of power to "create money" (which they don't), but could actually do it themself with a mere raspi or a notebook running a wallet, this would be great, would help to have more decentralization and more of a "people's money" as it was meant to.

"There is no cloud - just someone else's computer." <- this is actually what some don't get either.

And yes, that the wallet holds keys that are needed to claim ownership over a certain balance is some important information as well when people learn that wallet.dat should be backuped.

It's not insecure but it's not properly decentralized either. It's just totally stupid to do when there are better ways that don't need some contortions to get it running.

And calling the whole thing "mine" is already bullshit. There is no mining. Coins are not mined. Mining means you dig up dirt to get valuable raw goods out of it, or in a virtual world, you find your "ore" (coins) in a mess of complicated mathematical algorithms, that you do some work to actually calculate something valuable for the network. But that doesn't happen. "Mining" in the crypto world is more like a quiz show where the one who pushes the button first and has the correct answer get's rewarded points on his account by the quizzmaster (or jury in this kind, which is the network) for his efford and luck in being the first one who got a correct number in a lottery.

But with calling it "mining" the normie world (who don't know how PoW works) actually thinks that coins are (and need to be) produced. That there is a complicated mathematical algorithm that creates coins, which is not the case.

Creating a block for the chain is actually something a modern computer can do in seconds. You just need some kind of mechanism to select that one node that's authorized to do so. This is either by wasting energy (Proof of Work) or pure random with proving ownership of coins (Proof of Stake), or even with proving that someone burned some values (Proof of Burn) or was online for a certain amount of time (Proof of Uptime) or has the correct private key (Proof of Authority) and so on, the possibilities are endless.

But PoS in this regard is more honest and also more logical, since it doesn't seperate between those that use the network and those that maintain it.

Because I read what you wrote like: "A coin wouldn't want too much hashrate because that will bring mining farms. So we threat people to move to PoS when they mine us too much" however at the same time a PoW coin would want hashrate because more hashrate = faster transactions and more secure networks.