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Where do the devs hang out and chat?
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We need less price discussion here.
+1 More feature discussion, that's where the long term value will come from |
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Guys, the multipool buying up coins doesn't do shit for the price in the long run. There's more to the market than the supply-demand crossover point: it's called liquidity. And it'll screw you over more than any gains you get from playing games with the supply.
Of course it does. Thats why its up as hgh as it is. Long term the buying pressure will buy up the market in less than a year. 8 months at the current price. Liquidity will increase as price increases. That will also cause increase in miners since the get higher profits at the bcmultipool 5 or so pages after showing this is illogical and it pops back up. The market won't be bought up in less than a year. See previous discussion. |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher? And what about the next day? Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better. When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time. When was the first blackpool payment? I can't see a history of payments on the website. The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out. There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there. I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first. But I am more interested in any features that BC will have. I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made? Thanks guys It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point. If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier. Do you mean 10 ten seconds for confirmations? Can you provide th elink to the discussion on Smart contracts? This is very interesting to me. I think you mean POW > POS. There is not a discussion about smart contracts because people think they are impossible because of txmaleability (alice can change the txid by altering the sighash slightly thus making future contracts void)... early discussions about blackcoin said there were some recent patches applied. Multisig accounts 10 second confirmations and those patches help greatly. How do I know this? Because I am working on software for bitcoin its sort of secret but I will be sure to mention blackcoin when I finish. https://cryptocointalk.com/topic/6156-blackcoin-bc-information/The thread above mentions the patches. I have not checked the source but Soekip and I need to talk after I finish my bitcoin programs. Blackcoin can be better than bitcoin based on that alone. I mean Proof of Stake is better than proof of Work. Proof of work is vulnerable to 51% attack so one day Bitcoin will fail. Its just logic. Quantum computers and light processors are not that far out. They can easily double spend Bitcoins. I dont mean to get all technical but this is just a fact. People should really read my posts to understand better. My program for bitcoin will definitely refer to this thread. Are you saying smart contracts are possible in blackcoin? Are they implemented? Any discussion on the multisig gateways? Shame about the other world firsts though. Yeah they are definitely. They are possible in bitcoin too but i am not going to reveal that here. There is a few drawbacks in Bitcoin that I think other coins can mitiagate better. I wanted to see the source and better understand the patches of tx sighash maleability. Stay posted and I will release my beta software in a few weeks. I have been mentioning it on this thread I will start one of my own. I want the blackcoin community to be the first to know because I am a supporter. I used to be in Litecoin and switched to dark/black. My software will definitely change crypto. It will cause a whole new paradigm. That is nice but very common claims in the crypto world. Events are moving fast and may be passing you, multisig gateways are being tested now and implemented in weeks in other coins. Decentralised exchanges are live with more coming out within weeks. Having said that, I wouldn't mind a PM when you get the beta out. RE: multipools, this fully functional POS multipool had a payment on the 22nd March. It is one of two in case the other goes down, it automatically switches to the other. I am told there was a payment on the 13th but you have to go through all payments manually to find it >> http://hashrate.org:8080/workerreports/13777396447329170446. I will leave you guys to get on with it. Thanks |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher? And what about the next day? Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better. When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time. When was the first blackpool payment? I can't see a history of payments on the website. The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out. There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there. I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first. But I am more interested in any features that BC will have. I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made? Thanks guys It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point. If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier. Do you mean 10 ten seconds for confirmations? Can you provide th elink to the discussion on Smart contracts? This is very interesting to me. I think you mean POW > POS. There is not a discussion about smart contracts because people think they are impossible because of txmaleability (alice can change the txid by altering the sighash slightly thus making future contracts void)... early discussions about blackcoin said there were some recent patches applied. Multisig accounts 10 second confirmations and those patches help greatly. How do I know this? Because I am working on software for bitcoin its sort of secret but I will be sure to mention blackcoin when I finish. https://cryptocointalk.com/topic/6156-blackcoin-bc-information/The thread above mentions the patches. I have not checked the source but Soekip and I need to talk after I finish my bitcoin programs. Blackcoin can be better than bitcoin based on that alone. I mean Proof of Stake is better than proof of Work. Proof of work is vulnerable to 51% attack so one day Bitcoin will fail. Its just logic. Quantum computers and light processors are not that far out. They can easily double spend Bitcoins. I dont mean to get all technical but this is just a fact. People should really read my posts to understand better. My program for bitcoin will definitely refer to this thread. Are you saying smart contracts are possible in blackcoin? Are they implemented? Any discussion on the multisig gateways? Shame about the other world firsts though. |
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Only 3 more pages to go for 1000  I think we are breaking records with our Announcement page on the BitcoinTalk forums. BIG WARM GRATEFUL HAND SHAKE TO YOU SOEPKIP Keep going guys  One thread got 4000+ I think and I know another got to 2763  |
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I've been getting payed daily since I started mining and they give you an update every day as to the average bc/mh
What date was your first payment please? The latest bc/mh would be interesting to me too, thanks. And maybe the peak a couple of days ago also, just for comparison. I am really going now Thanks guys Mine was on the 15th of march but that was beta I didn't receive a payment from the newer multi until the 27th Thank you. This is close to the mark, I will have to check. Additionally, I can provide independent data from the blockchain (txs ID) to show you I am telling the truth. |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher? And what about the next day? Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better. When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time. When was the first blackpool payment? I can't see a history of payments on the website. The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out. There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there. I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first. But I am more interested in any features that BC will have. I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made? Thanks guys It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point. If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier. Do you mean 10 ten seconds for confirmations? Can you provide the link to the discussion on Smart contracts? This is very interesting to me. Do you see it being better then Ethereum? I think you mean POW > POS. |
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I've been getting payed daily since I started mining and they give you an update every day as to the average bc/mh
What date was your first payment please? The latest bc/mh would be interesting to me too, thanks. And maybe the peak a couple of days ago also, just for comparison. I am really going now Thanks guys |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher? And what about the next day? Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better. When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time. When was the first blackpool payment? I can't see a history of payments on the website. The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out. There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there. I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first. But I am more interested in any features that BC will have. I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made? Thanks guys |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher? And what about the next day? Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better. When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time. And so, the current miners won't buy all BC coins in a year as claimed. When was the first blackpool payment? I can't see a history of payments on the website. |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin. What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)? With the same amount of money, would you be able to buy 200,000 coins tomorrow or more likely to be fewer coins? And what about the next day? |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price). So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them. This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position. If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market. One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions! If the price drops, they may be getting more coins but they are more likely to reach a point where another coin is more profitable *so they get a higher return by switching* That makes no sense! Its a multipool! They are not mining Blackcoin directly it cant be mined. Maybe you dont understand what is going on. Blackcoin is 100% proof of stake. No other pool can do what they do unless they copy the idea but Blackcoin was the first to do it. So the blackcoin pool mines the most profitable coin and buys itself. That will always be more profitable in the long run. When was the first blackpool distribution payment? It was launched on the 14th March, is that right? |
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I was interested in the features. Can blackcoin support a decentralised exchange? Can blackcoin anonymise transactions? Can Blackcoin supposrt decentralised DNS? Can it support direct trading between cryptos? for example. Is it more than 'a coin'? I see someone answered in here: http://blackcointalk.com/index.php/topic,1347.0.html but the answer to "what's stopping another coin from arising with all around improvements that trump that of Blackcoin?" was "good marketing and a portable wallet". Is that going to be enough? Who said that is all we have planned? There is so much in the pipeline and we are not letting everything out of the bag because other coins will copy. If everyone would just calm down and stop thinking that investing is similar to buying a burger at a fast food restaurant we will all be fine. Nobody did. There is a difference between *stating what is possible* and *releasing the source code*. The first informs people, the second lets others copy. I am asking you to do the former. I am not here to talk about the price and 'facts'. Does anyone want to follow the discussion above? If not, I'll leave you all to it. |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price). So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them. This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position. If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market. One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions! If the price drops, they may be getting more coins but they are more likely to reach a point where another coin is more profitable *so they get a higher return by switching* |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up. You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand. |
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Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their Miners to the bcmultipool right away! We should really tell everybody about this fact this is great You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price). So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them. |
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I was interested in the features. Can blackcoin support a decentralised exchange? Can blackcoin anonymise transactions? Can Blackcoin supposrt decentralised DNS? Can it support direct trading between cryptos? for example. Is it more than 'a coin'? I see someone answered in here: http://blackcointalk.com/index.php/topic,1347.0.html but the answer to "what's stopping another coin from arising with all around improvements that trump that of Blackcoin?" was "good marketing and a portable wallet". Is that going to be enough? Who said that is all we have planned? There is so much in the pipeline and we are not letting everything out of the bag because other coins will copy. If everyone would just calm down and stop thinking that investing is similar to buying a burger at a fast food restaurant we will all be fine. Nobody did. There is a difference between *stating what is possible* and *releasing the source code*. The first informs people, the second lets others copy. I am asking you to do the former. |
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As I understand it, Blackcoin is based on Novacoin which is based on Peercoin. It seems every post in here about the price but what is it about Blackcoin that is going to make it more valuable than Peercoin over the next 1-3 years? Or do most see it as a speculation coin/pump and dump? What makes Blackcoin different? Who are the devs and what do they have in testing? Sorry if this has been discussed earlier Maybe do some studying of your own. One advantage for me, is the faster transaction times. How has blackcoin overcome computer the latency? Transactions may be 10 sec but how many confirmations are requried? Once again, all this information is freely available. It is 10 confirmations recommended. This is all I could find to try and answer my initial question in the tech forum http://blackcointalk.com/index.php/topic,1347.0.htmlNo replies so far. You can look at the block chain explorer to see what the actual times are, in real time. http://blocks.blackcoin.pw/chain/BlackCoinI'll let you guys get back to talking about the price, I'll just keep an eye on here: http://blackcointalk.com/index.php/topic,1347.0.html for answers or some links to appear. Cheers for your time What other question do you have? The dev is rat4. the block targets are 10 seconds. the confirmations are 10. the interest is 1% a year. The PoS is eligible every 8 hours. Can another coin copy the source code? Yes. What else can I answer for you? I was interested in the features. Can blackcoin support a decentralised exchange? Can blackcoin anonymise transactions? Can Blackcoin supposrt decentralised DNS? Can it support direct trading between cryptos? for example. Is it more than 'a coin'? I see someone answered in here: http://blackcointalk.com/index.php/topic,1347.0.html but the answer to "what's stopping another coin from arising with all around improvements that trump that of Blackcoin?" was "good marketing and a portable wallet". Is that going to be enough? |
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As I understand it, Blackcoin is based on Novacoin which is based on Peercoin. It seems every post in here about the price but what is it about Blackcoin that is going to make it more valuable than Peercoin over the next 1-3 years? Or do most see it as a speculation coin/pump and dump? What makes Blackcoin different? Who are the devs and what do they have in testing? Sorry if this has been discussed earlier Maybe do some studying of your own. One advantage for me, is the faster transaction times. How has blackcoin overcome computer the latency? Transactions may be 10 sec but how many confirmations are requried? Once again, all this information is freely available. It is 10 confirmations recommended. This is all I could find to try and answer my initial question in the tech forum http://blackcointalk.com/index.php/topic,1347.0.htmlNo replies so far. You can look at the block chain explorer to see what the actual times are, in real time. http://blocks.blackcoin.pw/chain/BlackCoinI'll let you guys get back to talking about the price, I'll just keep an eye on here: http://blackcointalk.com/index.php/topic,1347.0.html for answers or some links to appear. Cheers for your time |
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