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. |
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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 And a lot of times!. The main reason behind is a new community and the blackpool. Besides both peercoin and novacoin are quite different from bc. well, dev (rat4) is very active and competent too. I watch him on github making small fixes as all this drama goes and I'm pretty sure of this coin bright future. +1 rat4 is an outstanding developer and a real crypto believer. He helped another PoS coin out once and really knows what he is doing. The remaining devs (esp. Soepkip) created projects that already made history and the community promotes the coin nicely. This is a serious and exciting crypto experiment and everyone should be proud to be part of it! Very interesting, this is what I want to know. Any links on these projects? |
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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 latency? Transactions may be 10 sec but how many confirmations are requried? |
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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 And a lot of times!. The main reason behind is a new community and the blackpool. Besides both peercoin and novacoin are quite different from bc. Any links? Can you summarise the differences between peercoin, nova and BC? Are there feature differences or was it tweaking difficulty/blocktime for POW stage? What are the differences at POS stage? Thanks |
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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 |
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Can we please make prominent these two key strengths of Blackcoin on the OP?
- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).
- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake
I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.
NXT is a POS coin that has had these advantages for months, plus much, much more. Please come join us at http://nxtforum.org. Go away, we'd rather stay with the bitcoin toppler... NXT is based on 100% brand new source code + a completely different protocol. It has promise but it needs to stand the test of time - for years like Bitcoin did before it can be held in great confidence. Forks of Bitcoin whilst differing slightly don't have anywhere near as much potential for security issues. What is blackcoins POS mechanism based on? Is it new/peercoin/nxt etc? Thanks Anyone know? Or is it just about the price? |
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Can we please make prominent these two key strengths of Blackcoin on the OP?
- 100% proof of stake means no wasteful proof of work mining (bitcoin miners cost over $15 million dollars of electricty every day to run. If Blackcoin was worth the same, it would be a fraction of that).
- 10 second transaction times. A lot of people seem to think it's 60 seconds because that was what it was when the coin was proof of work, but now we are proof of stake
I see topics asking what are the strengths of Blackcoin and I rarely see those above mentioned, when they are pretty key.
NXT is a POS coin that has had these advantages for months, plus much, much more. Please come join us at http://nxtforum.org. Go away, we'd rather stay with the bitcoin toppler... NXT is based on 100% brand new source code + a completely different protocol. It has promise but it needs to stand the test of time - for years like Bitcoin did before it can be held in great confidence. Forks of Bitcoin whilst differing slightly don't have anywhere near as much potential for security issues. What is blackcoins POS mechanism based on? Is it new/peercoin/nxt etc? Thanks |
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New coins are not generated at all. Miner's salary is paid only with transaction fees. An account must be unlocked to mine. Timer in [Recent blocks] is just an assessement, it's changed each new block. A few coins will generate a block very rarely, so we need someone to implement pooled mining.
You will be able to lease your account balance to someone else to allow them to forge on your behalf. Ask questions here >>> https://nxtforum.org/leases-and-forgingThere is no monetary benefit to pooling as the return for 1 nxt is the same regardless of how much you hold. I.e. 1NXT earns 'R'. If you have 1000NXT you get 1000*'R' over the same timeframe. Not 1000*'R+10%' or any other addition to R you want to name. So there is no monetary logic to wanting to pool your coins with others. BUT pooling can give you more regular payments but in much much smaller amounts. Over the very long term the return will be the same. And it means someone can forge on your behalf 24/7 whereas you might not be able to. AND forging isn't mining. Forging only rewards with transaction fees, not new inflationary coins. So your returns won't be anywhere near mining until there are many many transactions per block but even then forging isn't designed as a get rich quick scheme (it is designed as blockchain spam prevention). If you are still reading , you can use any mining hardware you might have to take part in Nxt Indirect Mining. See below and the nxtforum subforum >>> https://nxtforum.org/nxt-indirect-mining/ **** NXT Indirect Mining NXT Indirect Mining is the process of using existing mining hardware to mine the most profitable crypto currencies and then periodically sell them and use the proceeds to buy NXTs on the open market. In this way, crypto currency miners can use their existing hardware to transition to Nxt's second generation platform. Nxt remains 100% Proof of Stake as it is profit from mining other coins that is used to buy NXTs on the open market. If the profit was used to buy US dollars, that wouldn't make US dollars Proof of Work so neither can Nxt be. This process has a downward pressure on the price of the coins mined and an upward pressure on the price of NXTs. Also see Mining Pool. **** Source: Nxt Glossary >>> https://wiki.nxtcrypto.org/wiki/Glossary |
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If Nxt fails, you can say it's nothing. If Nxt succeeds, the world belongs to us.
I like this (Yes, I para-quoted it. But it still works  ) The second game based on Nxt has been announced. https://nxtforum.org/general-discussion/newnxtgames-community-driven-game-based-on-the-nxt-blockchain/msg7897/**** *snipped from link above* I am planning to build a browser game on top of the Nxt blockchain. I already made a few tests and I think that Nxt is the perfect system for this. If this will be a success I already have 2 other developers and one designer who are going to help me with this project. **** |
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Just for some ponderous frivolity, take it away Come-from-Beyond... I personally think that initial distribution doesn't matter that much (I'm not an initial stakeholder btw)
Quote from the book 1984:
Throughout recorded time, and probably since the end of the Neolithic Age, there have been three kinds of people in the world, the High, the Middle, and the Low. They have been subdivided in many ways, they have borne countless different names, and their relative numbers, as well as their attitude towards one another, have varied from age to age: but the essential structure of society has never altered. Even after enormous upheavals and seemingly irrevocable changes, the same pattern has always reasserted itself, just as a gyroscope will always return to equilibrium, however far it is pushed one way or the other.
The aims of these three groups are entirely irreconcilable. The aim of the High is to remain where they are. The aim of the Middle is to change places with the High. The aim of the Low, when they have an aim — for it is an abiding characteristic of the Low that they are too much crushed by drudgery to be more than intermittently conscious of anything outside their daily lives — is to abolish all distinctions and create a society in which all men shall be equal. Thus throughout history a struggle which is the same in its main outlines recurs over and over again.
For long periods the High seem to be securely in power, but sooner or later there always comes a moment when they lose either their belief in themselves or their capacity to govern efficiently, or both. They are then overthrown by the Middle, who enlist the Low on their side by pretending to them that they are fighting for liberty and justice. As soon as they have reached their objective, the Middle thrust the Low back into their old position of servitude, and themselves become the High. Presently a new Middle group splits off from one of the other groups, or from both of them, and the struggle begins over again. Of the three groups, only the Low are never even temporarily successful in achieving their aims. It would be an exaggeration to say that throughout history there has been no progress of a material kind. Even today, in a period of decline, the average human being is physically better off than he was a few centuries ago. But no advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimetre nearer. From the point of view of the Low, no historic change has ever meant much more than a change in the name of their masters.
Congrats, u almost found one of "1984" references in Nxt. BCNext used such analogies: Big Brother == BCNext (he doesn't exist but his image is used for different purposes) Inner party == Big stakeholders Outer party == Ppl who define where Nxt is developed to, mostly developers of clients and services Proles == The rest of Nxt users CfB goes on to say... I just read the book last weekend  What other references are there? You mean in the code, or something that BCNext said? I can think of some other references of Nxt in 1984 If I told u other references it wouldn't be interesting. The references r not in the code, they r in algos. Btw, TF is an algo too.Mysterious |
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I still worry about the fact that we are not on Mintpal because of technical reasons...
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
im not worried atall over mintpal.. once AE goes live and we have a decent amount of coins trading on AE then we will be the exchange that most coins want to be on... especially pos coins with multipools cos they will want to reduce costs to increase profitability... i say support blackcoin on AE if possible... after all ever trade requires NXT! they have 72 terahashes now on script..! :O i think its a good sign of whats to come! the multipool is seriously feeding into itself.. its a glorious cycle of growth PoS and decline of PoW... Perhaps I'm overlooking things, but how can AE compete with regular exchanges regarding speed? Block time is 1 minute and space in a block is limited, how will this be handled? I thought AE was more of a place to trade goods and commodities, not so much for coins. Bump from jl777's InstantDEX (formerly Secret Project) thread at https://nxtforum.org/multigateway-jl777/secret-project/80/**** Re: secret project April 12, 2014, 06:35:26 pm -------------------------------------------------------------------------------- The name of the secret project is InstantDEX With the NXT AE people will be able to trade things, but there will be the blocktime to wait. 1 minute usually, but sometimes could be a lot more. Also 1 minute will feel like a really long time if the market is changing dramatically. The goal of InstantDEX is to allow for realtime trading of any NXT asset against any other NXT asset (and NXT)
InstantDEX will be able to trade any asset, not just multigateway assetsI have achieved ~5 second times in my proof of concept, but that is not optimized, nor did it implement the full transaction cycle. Also, at these timeframes measuring a transaction really depends on if you count the time from you post a bid, it propagates, somebody immediately accepts it and the trade completes. Or if you are measuring from when you accept an order on the books and it gets completed. My goal is to do the former in the ~3 second timeframe. Initial versions will be slower. The multigateway will need to be trusted to redeem assets, but that is a trust level that I am assuming we will be operating with. Almost all of InstantDEX will be decentralized. People with good internet connections will get better performance than people with bad internet connections. James **** |
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why you all think nxt will jump up suddenly? there is no reason why it should. *all features* are already calculated in present price, want to see all your faces when(if ever) for example AE becomes live and price drops I think you have a point Elmo Thanks for your positive contribution! I have seen you come close once or twice before but this is definitely a new high water mark. Well done To quote jl777, people will "buy the rumour and sell the news". It is only once AE is paired up with automated transactions, multisig gateways etc and DGex, Anon136 launch shares etc and we start to get the true ecosystem so many have been working toward we will see a rise in value. And I expect it to be a slow burn until it catches the speculators eyes again. Then who knows what those guys will unleash If it was easy to predict, there wouldn't be so much debate |
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when will the ae launch?
When the known bugs have been fixed (once JL gets to it or we recruit more java devs), NQT is fully implemented in main core and clients devs have updated their cleints to accept NQT. Then the stage is set for AE (see below). "I want a better client!", "I want the AE launched!" Serious question, does anyone know where one might recuit a java developer? *snip* The remaining issue in AE:
https://bitbucket.org/JeanLucPicard/nxt/issue/79/buy-order-and-sell-order-matching-does-not
needs to be resolved, and this is a good warm-up task for a new developer, while I am busy with the above work. After bugs in fractional NXT transactions are found and fixed, we need to try on test net the NQT_BLOCK transition without a blockchain reset. *snip of test details* So overall this is a tricky transition and we need to rehearse it first on testnet. Only after such test is successful, and we have switched to NQT on main net, with
all clients supporting NQT and AE, we can consider launching AE.*snip* |
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Remember Nxtopia, the MMORPG built on-top of the NXT network, using elements such as the Asset Exchange, Arbitrary Messages and Parallel Blockchains? Well, it has a new name Lith and progress update. Where you ask? On nxtforum.org of course. https://nxtforum.org/general-discussion/(ann)-lith/msg8355/**** *snipped from link above* Lith Premise: The entities that built Lith had reached the limits of technological advance, to the point in which they had material wealth limited only by their imaginations. They quickly grew bored with material utopia, and decided that in their development, they had gone down the wrong path. Their solution was to return to their roots as many different races, in the hope that one would reach supreme contentment. To aid in the design of these races, and to support the universe in which these races would inhabit, they created the artificial world of Lith. Volunteers were transformed into new, next generation species on Lith. Once a species was deemed ready, it was sent out into the universe to begin evolving anew. Gameplay: Lith gameplay will for the most part be decided by a player driven economy. The game is designed to sustain "emergent" gameplay in which everyone can be caught by surprise at the direction the game will take. Players interact in an immersive sandbox, where they can create their own paths and realities. They can harvest natural resources, use skills to create goods, offer services, and use strengths and powers to influence other players and the world around. Violence and politics are never far behind, but the economy will be the most powerful force, affecting warlords, farmers, and everyone in between. Creators: Our current team consists of chanc3r (Ian), pandaisftw (Eric), jefdiesel (Jef), swartzfeger (Jay) and Damelon (Bas). We each bring our different qualities to the creation of Lith. **** |
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I still worry about the fact that we are not on Mintpal because of technical reasons...
Blackcoin is thriving for all the good reasons of POS (and pump probably)
But NXT is way better, its just that its less easy to use than Blackcoin..
If we could fix that than a lot of Blackcoin supporters will go to NXT when they see NXT's potential
I highlighted the answers in your post (like a smart ass, I know). I find it strange that *cough* NAS *cough* even included Wesleyh' client as default in there download and we STILL haven't. If only I could code... Well, besides the fact you could just download Wesleyh's client without ever having to touch NRS, I think it's because the devs have made a lot of changes (ie. NQT) for the next "big" version, so there will need to be a lot of testing before rolling anything out. Pandaisftw For someone like me, no problem, but the average joe who wants to dip his toes in NXT, NRS is horrible. I like NRS for it's simplicity, but I also see that NRS is the command shell to Windows' explorer or terminal to OS X' Finder... Seeing that it is clearly easy enough to include Wesleyh's client by default, I really can't find an excuse why this hasn't happend yet.Ease of use is a very VERY important part of almost anything consumer related. Not enough java devs |
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Sorry to interrupt your FUDstorm Emule... Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice Go, go, go, jl jl777 has also completed most of the work for Anon136's Physical good store, IIRC. **** Re: Development roadmap April 13, 2014, 05:15:01 pm -------------------------------------------------------------------------------- Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm I am now working on integrating into the develop branch the changes from feature/tf branch that CfB was working on. Those include Digital Goods Store, Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators), Phased transactions (not sure if this got completed). They will be enabled only on test net initially, but I need to merge the code, convert all amount handling logic to NQT, do some review and refactoring, fix obvious bugs if any. -------------------------------------------------------------------------------- This has been done, I reviewed and refactored the code and merged the tf branch back to develop. Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks. **** Back to you Elmo... was that the 0.000032 prediction again Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you jesus... things are really moving allong! the next weeks are guna be so exciting! question though.. you know the way the bitcoin devs are terrified of implimenting new features on bitcoin cos they are afraid of mucking up a 6 billion dollar protocol... will nxt have the same issue when its that valuable or can everything just be first tested on testnet first and then worked in with out worry? I am going to foolishly assume you were addressing me with that question... I believe things like nxtQuants and canonical inputs (discussed but I'm not sure of the direction of travel) etc. were to be implemented now as these would be difficult later on (and I think they have caused delays). But in terms of adding additional features later, Nxt has the advantages of having the core features (the platform) and service providers that build on top of Nxt (the features). So by getting it right now, no core changes will be required if third parties want to add things later. I think of it in the same way browser plugins don't need changes to the firefox/chrome 'core' before they are added. I am sure someone will correct me if they disagree |
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Sorry to interrupt your FUDstorm Emule... Business continues as usual at nxtforum.org, Jean-luc has completed the first stage of integration. As always, more work available so more JAVA programmers would be nice Go, go, go, jl jl777 has also completed most of the work for Anon136's Physical good store, IIRC. **** Re: Development roadmap April 13, 2014, 05:15:01 pm -------------------------------------------------------------------------------- Quote from: Jean-Luc on April 09, 2014, 02:01:43 pm I am now working on integrating into the develop branch the changes from feature/tf branch that CfB was working on. Those include Digital Goods Store, Effective Balance Leasing, Transparent Forging changes (getNextBlockGenerators), Phased transactions (not sure if this got completed). They will be enabled only on test net initially, but I need to merge the code, convert all amount handling logic to NQT, do some review and refactoring, fix obvious bugs if any. -------------------------------------------------------------------------------- This has been done, I reviewed and refactored the code and merged the tf branch back to develop. Phased transactions are not yet implemented. The rest of the above features are code complete but not tested at all, and also they don't have an http API yet. Writing the http API could be done by somebody else, or wait until I am done with my other tasks. **** Back to you Elmo... was that the 0.000032 prediction again Didn't get it right mid march, 27th march, 28th march and 3 times last week... so maybe this time I really hope you get it right one day, I think it will be good for you |
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Is it just me or is Elmos increasing insistance coming across as growing desperation? You used to have a version of the 'facts' you peddled, Elmo. Now it has degenerated into just mudslinging. You're better than this |
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Done, and why not  My thoughts exactly Message sent. |
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and price continue its way down the drain
i just wonder when the first big founder(other than me) will break and sell of all... will be interesting to follow
would be disaster, but hey nxt was build for disaster. only question of when.......
Just a little reminder of Elmos forecasting genius...it's like a small, furry Nostradamus. (NXT went +25% today, to those of you reading this in the future....) He's basically a reverse savant-idiot of forecasting and I always buy extra when he is here predicting doom. I do not recall him ever being right. He never being right, Really? The price is so dissppointed And how had btc done in the same timeframe? To the moon? |
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