yeah too bad we cant design a forum that is filtered by "proof of stupid" lol lots of people here just rambling when all they have to do is spend that energy getting more miners. Regardless man, everyone here needs to quit fighting and limit their posts to be positive and less theorizing.

another reason for the drop was jealousy. Lots of people scrambled to make their own bc and have tried to copy the model... lol. And they try to delude the people buying it that its somehow unique or something. wc=badgercoin and asia=zimstake and cinni=jealousycoin. Once they tire themselves out they will realize that a copy is never as good as the original.

...in other news. Blackcoin is still top 10 and the multipool is doing lots of legwork to get 2.0 up and running and they are giving away a 10,000 dollar mining rig and they have hired a PR firm and they are going to wall street to advertise. So yeah. The coin is doing just fine. There is only like 20 different clones now. Almost every new coin that comes out copies BC. The thing that people fail to realize is, this coin is not a p+d there was simply a selloff that scared away some people and all we need to do is continue to make the coin and pool successful.

Simple.

one more thing to add on the marketing subject, the trolls that post here in opposition of this coin remind me of politics back in the day where politicians would dig up dirt on other people or make up scandals to detract their "believers" ... they even PAY for advertisements to that effect. Nowadays they use bots and shills. The same people will turn around and try to sell you their stupid clone coin that took them 30 minutes to create. Thank goodness that WC and AC have absolutely nothing to offer the crypto community. I will sell my BC when I actually see a coin worth getting out of bed for.

Happily, BC has a great brand i can see it going much futher than this. Certainly better than litecoin and for that matter Bitcoin. Working on my smart contracts stuff I can not tell you guys how frustrating Bitcoin is when dealing with "minimum" fees. They force you to pay a 5500 satoshi minimum!!! What the hell is that? If I have any reason to switch from Bitcoin its that reason alone. They will have to deal with large quantities of orders if they ever even dream of competing with mastercard or visa who process billions of transactions a day. So Bitcoin "devs" are really just the exact thing Bitcoin was trying to avoid which was centralization (forcing miners to collude and filter what transactions they approve or deny). If Blackcoin can circumvent "minimum" fees and bloat by pruning they would really go far beyond anyones wildest dreams. I hope the dev works on that. I would do it myself if my current project didnt have my 24 hour attention.

Its funny to hear so many people talk here and some are in support of / not in support of multipool/pr campaigns/pumps/videos/marketing etc.

Well I have only one thing to say about that: Marketing is REQUIRED to have a successful product. Its fucking REQUIRED. How do you think McDonalds or Coca Cola or even little companies like your local restaurants succeed? Its with marketing. I used to work in Los Angeles for a marketing firm doing lots of commercials and whatnot. I can say with 100% certainty that this idea to market Blackcoin is excellent. I support any initiative for this.

As for the multipool. The multipool weather connected to the devs or not was clearly a brilliant idea. There is NO DOUBT IN MY MIND that Blackcoins success as a coin in the top 10 is for any other reason than that. Other coins have fast confirmations and interesting features but it was 3 things that made Blackcoin great. Its fast proof of Stake/multipool combo, its community which helped "market" it and the malleability patch.

I think anyone who thinks otherwise should go ahead and open a few books and read about famous companies and see how they made it. If you ever hear any ceo talk, you better bet that the thing he speaks the most about is his "brand". The ceo of kellogs does not talk about weather his food is the "healthiest" or "best". No he will talk about his "brand" and what their company has done to promote it.

Luckily for Blackcoin, there IS a multipool which helps support the coin. but even there, we will need to make sure that we always reach out to miners because even that requires branding.

The KNC mining competition is exactly what is causing the price increase. People are getting excited. its things like this that propel this coin. And as a community we must never stop finding new avenues to make miners happy and bring in new people. This coin needs hype just like any product needs marketing to keep it alive. If coca cola stopped marketing I guarantee you in 10 years they will not be around. People would say... cocawhat?

http://www.cryptoarticles.com/crypto-news/2014/4/30/blackcoin-multipool-once-again-most-protfitable-to-mine

Back in business baby

is the KNC miner competition still running?

everyone should chip in for extra prizes. I can add 5000 bc to the prize pool if others are willing to add. If the community all chips in, they will compete for a higher hash rate. Our investment will easily pay for itself. Please start a thread in the reddit page. knc miner competition starts tomorrow.

yes and no... bc has a maleability patch that is useful... the fast confirmations are nice and very conducive for micropayments and arbitrage... that part is not original but important. And pruning will solve bloat i think. I also proposed a sort of proof of balance and not sure if its been suggested before. Most importantly their pow+pos indirect mining using multipools was original. They were the first full proof of stake coin to mine itself. All evident from its rise. Seriously though litecoin is a dinosaur that will get crushed my indirect mining and multipools. Blackcoin carried the torch on that one.

Anyways... yeah I will post here on Bitcointalk and on as many threads as i can. I want it translated into chinese too! hahaha I know they will love it since its bye bye fud. So much to do, so little time! I will need devs on my team to and I have a feeling once people see my software they will run wild with it. I am making 1.0 open source so yeah... it shoud shake things up like darkwallet

im sure blackcoin devs will adapt however they have to for decentralized checkpoints or pruning. regardless wc is a clone and so is ac and you dont "throw the baby out with the bathwater" ... so any model based of bc will always be inferior to bc because its not original.

Yes! I am releasing very very soon. Working day and night. 1.0 is for Bitcoin and will immediately start on one for blackcoin among other exciting things.
Right now i am just finishing up. There is lots of variables so I am going through and checking them all. 1.0 will be an unofficial release actually although I am going to want an audit from good programmers and people who want to start testing transactions and contracts

Hmm all it takes is about 3 of the top holders to stake and your point is totally fail. Go troll AC or WC fool.

in reply to the person trolling the stake photo, centralized checkpointing is not really needed at this time anyway. How would somebody be able to stake 51% if you look at the distributing nobody even has .5% of the coins. Its completely impossible.

well its actually very simple. Its a protocol of exchanging raw tx data. Malleability is not a problem in my protocol I could explain it if you want to see the whitepaper i can send it. The announcement is a suprise. I have mentioned it multiple times in this thread. Just making everything nice with all the bells and whistles.

I had to respond to this. I am developing a program that will eliminate fraud between two untrusted parties. It was supposed to be out this week but i was writing whitepaper. So yeah... buying online will become a thing of the past. Soon bc will be bought with cash using untrusted parties.

Its a very exciting project so happy about it i could seriously jump

i think its funny that people are trying to supress the price of BC... the volume drop will not last once the competition starts on friday for the knc miner... ac and wc clones will get dumped like a cheap whore and people will realize they made a mistake

You have to mention the multipool buying itself. That concept changed crypto and got blackcoin cloned 10 times.

Actually I discussed the answer to this many times on this thread. It doesnt matter what the hash rate is. In theory, if the miners hold they will eventually raise the price past bitcoin. In one year at current prices they buy 100% of the market (Based on hash rate)... if the price doubles you can expect more miners respectively. And so on. Even if there is a few miners and the price does not rise they miners will tighten the volume sooner or later. Even at 500MHASH if the price stays here thats good because it accelerates the speed in which they buy up the market. Near the end, the miners owning even 50% of the market in 6 months should cause the price to explode. The liquidity would exist and the demand would remain. So the price will spike.

The only thing is... miners need to know this and they should hold.


MINE AND HOLD

This is too weird. I got excited when I saw it debut but I think it was a mistake. Who the hell has 99% of the coins??? Why would the devs make a meshnet and then keep is value from the world?? Its worse than ripple. The way to do it, it to give 100% of the coins to the people. Otherwise this is just like tor but with distibuted hosting. Its a great idea but I think the devs are motivated by greed. No wonder to volume is so low.