Yes, and PoS does that automatically, just when people use their wallet.

In PoW the motivation is profit. Your principle works as long as a coin is new and ran by a rather small community of people that support the coin because they like it. As soon as the coin gains marketcap and value, more and more professional miners will jump onto the bandwagon.

You have neither of that in PoS coins. They will be supported just by using it normally.

Yes but that's still the thing what also Decentradical mentioned: You're basically saying that you don't want your mining to become so profitable that large pools will want mine your network. Which leads into a paradox, on the one hand you want as much hashingpower as possible to have a secure coin and on the other hand you don't want that hashingpower since pools will centralize that power when its profitable enough for them. Which is awkward.

Every attempt so far to create ASIC proof algorithms has become void as soon as the algorithm was used in an accepted coin. It happened with Scrypt and later with X11 when Dash became valuable enouigh. Every other PoW-algo would follow when the demand is there. So you will always play a game of hunting the rabbit with the creators of ASICs and mining farms.

All that effort, that waste of energy and resources and dangers of centralization could be prevented with just going PoS.


So you better have a miner running 24/7?
Besides, you don't need to have it running 24/7, it's still staking when you have it on for some hours per day, just less than 24/7. And if the coin is used enough so that it actually has value, then there will be always enough people having their wallet on.

And there is literally no serious coin that can be mined solo anymore. You always need pools even with the GPU-algos because there are GPU-farms too. With PoS you are always mining solo.

No, the point is that if a PoW coin becomes valuable enough, farms will centralize hashing power. With PoS this can not happen at all.

So, PoW: the more users the greater the danger for centralisation by farms because mining becomes more profitable.
PoS: The more users the better the security because the more people will stake their balances.

So "don't support our network too eagerly, otherwise we will tell you to gtfo" is a good security concept?

Why not go PoS already when you don't want the hashingpower anyhow?

Hundreds of coins have been around forever. That's no professional explaination.

Yeah, especially as with in ICO you normally don't have to compete with a vivid market where each buy you do potentially increases the price. When the coin is premined and you buy them from the preminer (devs), you are paying a fixed price and huge investors instantly get huge amount of staking power. No one with the brain at their right place should buy into such a project, especially not with small amounts of money.

But then ICO is cancer anyhow, so it's not bad when this trend finally dies.


That's why I wrote "As long as none of these coins switches to PoS".

You are not completely wrong about this, especially since Stratis is but a copycat of Blackcoin and the real development of Blackcoin's PoS lays in this project and not in Stratis. Just Stratis had better marketing so more people thrown their money at them.

Blackcoin is the humble one that doesn't go too bold about what it can and what it holds. However as more people get interested into Blackcoin, there is a good possibility, that also marketing becomes better, since Blackcoin is not driven by a company but entirely by it's community of free, voluntary members who invested time, money and effort into the project just because they like it.

And looking at Stratis' current price shows how undervalued Blackcoin really is, since Stratis' whole advantage is a better marketing, not a better technology.

However I don't know what you mean with PINK. Their marketcap is half of the marketcap of Blackcoin.


Could we not run a fundraising for such an ad on reddit? Maybe Gritt could provide an address where the community can send money to for this?

Litecoin is just shifting the issues of Bitcoin, it runs on the same technology, just with a different algorithm. The algorithm was once chosen because Litecoin-Developers saw the issue with centralized mining by farms running on ASIC. So they thought Scypt would be more ASIC resistant, which became untrue in 2014. Litecoin will cause the exact same mining farms once it becomes valuable enough.

As long as none of these coins switches to PoS, the issues will never be solved, and we continue wasting energy on artificial complicated math puzzle that do nothing but proof that someone who claims to have made a block wasted some energy to do so. And soon a few huge farms will control the blockchain and decide with their hashpower the politics of the coin.

The issue in PoW remains that the miners are not necessarily the users of the coin where PoS makes sure that these that create the block also actually own the coin and have put investment into it. PoW miners can mine, dump and then forget the coin and if everything crashes, they can still sell the hardware and move on, while attackers on a PoS-system jeopardize their own wealth.

And for the other theoretical attack, it's only a matter of the network hashrate how secure it is. To attack a PoS Bitcoin with the same marketcap of Bitcoin today, you would need more than 20 billion USD (probably even much more, since the mere attempt to buy 51% of the coins will increase the price astronomically). To attack a smaller coin that secures with PoW, you'd need a few million only, nothing someone like a secret service couldn't afford, especially when, as said, the attack doesn't directly attack the wealth you had to afford to gain enough power over the blockchain.

Seems a few miners are dumping their coins right now. Difficulty spiked and there is a greater dump going on...

Why?

But that's basically what everyone says about their coin. DGB has 21 billion total amount and it was at 17 satoshi in februar. It's now more than hundred times that price.
I still have no clue what the actual plus is in this coin as for the market value.

Don't get me wrong, I am just trying to learn to understand the crypto market and why certain coins are pumped nonstop and others creep around and don't seem to move at all.

How does one know if a coin is promising and another is not?

If one would have put $1000 into DGB in februar, they could now leave the boat with $100,000 - but who would have guessed that this coin rises so much and why?

is there an actual client somewhere (cant compile here)
or like a seed node?

Wow that's great news
Congrats!

Btw there is still a multipool that cash out in BLK: Prohashing, it lets you payout in any coin you want, including BLK.
Dedicated blackcoinpool would be better of course, as it focusses mining power on Blackcoin, but at least it's something.

I tried to read the original post. What makes this coin outstanding?

Because people still throw their money on hypes. And the next ICO, if hyped enough, collects 34 million in under one minute (BAT). That's almost twice the marketcap of BLK. In less than one minute.

Sadly people rather discuss hypes than technology. There is a lack of discussion about the technology certain alt coins use. It's pros and its cons, it's security advantages and it's risks. To make the coins a better alternative (as in alt-coin) to BTC and improve the technology further. Today it's more about who shills in the brightest colors than who runs the best technology.

The address seems to exist but has no coins in it and also was never used.
https://bchain.info/BC/addr/BHxGFDy5Dx6JSceHkD1wpBfveiUUYgaZc1

Are you sure you have your original wallet.dat?
If you are sure you used blackcoin already, then you most probably have installed a fresh version of blackcoin and thus created a new address.

According to the blockexplorer you haven't been hacked, the address never had any transaction and thus also wasn't emptied.

Try to find your old wallet.dat, BACKUP IT, then replace the new one in your %appdata%\Blackcoin with the old one and start the client to have it sync.

I am not disagreeing with you on this

Well, I am using just the wallet at the moment. I was looking into Black Halo but have not had much time to play with it.
However all these things are not developed by only one dev. Rat4 is only maintaining the core, everything else more or less closely related to Blackcoin is maintained by other devs. And things like Blackcoin are not exclusively tied to blackcoin, even if the dev is an active member of the community.

That being said, maybe it could make sense to include everything in one application, although this would be a nother third party project. Rat4 nor dzimbeck won't probably do it as they are busy with their projects already.

You are generally not wrong on this. However the question is why people only jump on bandwagons and run after shills rather than deciding based on rational facts.
There are a few good coins, and Blackcoin is certainly one of them. However the top on the marketcap list is full of shitcoins.