That's not inherently true. The coins can be issued with another algorithm, including PoW, where as PoW-problems will not be such an issue, since in an early stage of a coin's existence there won't be ASICs (if it's using a new algorithm) or alone farms for the coin.

It is only true for premine coins, but it should be clear, that premining a PoS coin is a totally retarded thing to do, unless you provide a plan for a proper distribution before you activate PoS.

Blackcoin for instance started with a PoW/PoS hybride that ran for a week and then was designed to switch to 100% PoS. A few thousand nodes participated in the initial mining and before the first bigger pools adapted the coin, the PoW was closed. The developers of Blackcoin never owned a significant amount of coins.

Similar for coins that already exist like Ethereum, these are decentralized enough to run a PoS.

Also with PoS the richer don't get more rich than other. Everyone gets the same interest rate for their balance, no matter if they own 1 coin or 100k, so the distribution of coins remains roughly the same and doesn't cluster up on a few addresses that been rich from the beginning. In PoW the rich, these that can run mining farms, get everything and everyone else gets nothing.

Bitcoin currently has 3 pools that provide almost 55% of the hashrate and Bitmain miners frequently get over 51%. That means the manufactor of the miners could attempt an 51% attack on Bitcoin with a good chance of success.

As said, getblocktemplate-protocol, if implemented thoroughly, lowers the direct danger of pool centralisation but only to some extend. The big pools and mining farms still have a political power in the coin discussion and need to follow coin updates in order to prevent a fork and manufactors of miners could hide a remote control in their firmware to attack the network.


Every wallet has build in a solo mine function. That's unused for years now since pools and ASICs took over and no one bothers to mine on their CPU let alone solo-mine. The initial idea was to run a decentralized peer to peer currency where every participant can at anytime participate to provide support for the infrastructure. That idea is completely broken by now as Bitcoin, Ethereum and other significant PoW coins are almost entirely operated by big mining farms and manufactors in China, who don't have any other interest in the coin but their mere profit. With that motivation, they run the network and influence the coin politics. And that is a bad thing and everything else but a dencentralized peer to peer solution for assets.

But that brings the known issues like that the BTC network is much less decentralized than intended by Satoshi. Originally it was meant to be mined on *every single user of the network*, with their mere CPU or lets say GPU. But the ASICs and mining farms totally wrecked this concept. Getblocktemplate lowers the dangers of (pool) centralisation a little but not the issue of huge farms like Bitmain providing alot of hashrate alone already.

ASIC-resistant algorithms are not a solution too to save PoW, as every ASIC "resistantce" has been broken sooner or later.

Proof of Stake solves the sybil by just making it irrelevant on how many nodes your coins are sitting on...

Pool staking only makes sense for those that don't want a Computer/Raspi running 24/7 to stake their coins. But it has two huge drawbacks:
1st you'd need to have to give all your BLK to someone else, which means you have to trust someone 100% that they don't run off with your coins.
2nd you'd harm the network's decentralisation, when the pool would have a significant amount of the network weight.

So, pool staking doesn't make much sense but brings huge risks, especially for your own coins.

Well, you can. If you mine other coins and sell them for Blackcoin. Much as the old Blackcoinpool did.

Blackcoin is now developed by other members of the blackoin community, contributors that are in the coin since the beginning. Rat4 did start a good thing but also later on was a blocker for further development as communication with him has been difficult. Blackcoin devs wanted to improve the project but didn't get past Rat4 so actually Rat4 announcing his own fork/restart as Blacknet could be good for Blackcoin since now it can be developed more independently.

Maybe for Bitcoin and all other Proof of Work coins: Would it be possible to somehow limit the hashrate the network accepts from a node? Like what if you limit the hashrate per node down to what a normal desktop CPU can do. This would cause all ASICs become irrelevant and/or increase the effort to set up huge mining farms as these, that generate thousand and million times the hashrate of a CPU, would need to run as many nodes as their hashrate is above the abilities of a standard desktop CPU. It would also stop the need to create new algorithms that are ASIC-resistant just to be cracked a few years later.

That happens when you issue a valid block via staking but someone was quicker. The same can basically also happen with PoW mining but there usually only the pool sees it and not the minier.

PoW and PoS work basically similar: There is a process that by random determines someone who can create a block. In PoW this chance is lifted by your hashrate while in PoS the chances are tied to your balance. Both have the same purpose of limiting the amount of blocks someone can create to some value be it computing power or coin balance.

Now it can happen in the process, that two nodes get the same chances and create blocks at the same time. Then the one who issued the valid block first gets the reward. That's when you see a valid interest generated but not accepted by the network.

So tl;dr it's just bad luck.

I am no cryptographer but... If you would be able to calculate the priv key from a signature, the whole internet security would collapse. A signature is a hash of an imput encrypted with a private key of the issuer. If you take the public key (the "bitcoin address") of the issuer, you can decrypt the signature and compare it's hash to the hash you calculate yourself from the input. This way you can make sure, that the input data you got was not altered after it was send the first time because that would make it a different hash. Every connection to a HTTPS-Server works on the same principle: A certificate for a secure connection to a website is basically a singed public key (+ metadata).

What you demand here is, that the cipher reveals parts of the private key. This would break the whole cryptography infrastructure.

Every project needs one or more imbeciles that troll the forums about it

This coin is 3 years older than your BT-account, mate. And it has a bunch of other PoS offspring that use it's technology. It's now reorganizing it's core team around the members that been active in the project and working on it constantly over the last 3 years.

Pandacoin (this one) was actually once an anti-wolong coin. This project helped getting his scam pandacoin becoming a failure dead on arrival.
I heard he's active again on Twitter under his old account "GameOfDeception", but I have no proof, that it's the same guy.

The market is still bearish, Bitcoin just broke through 9k line and is at 2 months low. Literally every currency is in the red right now the whole cryptomarket lost 400 billion USD market capitalisation in the last month. I would be suprised, if PND gained any much upward movement at this time so far.

"Heur.AdvML.B is a heuristic detection designed to generically detect malicious files using advanced machine learning technology."
https://www.symantec.com/security_response/writeup.jsp?docid=2016-051811-2400-99

Heuristic detections try to predict what a software might do according to it's code.

Some Anti Virus will report coin software because there is malware that mines coins in the background hidden from the user. Pandabank doesn't do that. It however uses Proof of Stake to generate blocks and send the rewards to your wallet. That might rise an alarm in your Anti Virus.

Pandabank is open source and anyone can look inside the source to see that there's no malware or unwanted behaviour.

Seems you don't have openssl installed.

Uh? Global marketcap lost like 300 billion USD during the last week. Literally every top 100 Coin including BTC, ETH and XRP are in the red.

Pandacoin maintains a rather horizontal movement while the whole cryptomarket lost billions of USD.

Roadmap and website redesign was announced not before end of January, yet people cry since mid January that "nothing is happening".

Honestly, I don't understand cryptomarkets. People sell under value, people panic at the slightest movement of BTC... when the market moves up, people flood the channel and want to buy "moon tickets" but dare a single day horizontal movement, everyone predicts doomsday.

You said, you can swap Ghostcoin against CCB? Is this still possible and if yes, how?

Best place to have your PND is your wallet at home where they are staking.

Request for comments on the next steps to create a non-profit for Blackcoin


https://www.reddit.com/r/blackcoin/comments/7roxj1/next_steps_of_nonprofit/

You can not PoW mine Blackcoin. It's Proof of Stake, that means blocks are mined using the coins in a wallet, which allowes to create blocks decentral with very low power consumption.

Altough you could use a multipool to mine other coins and sell out in Blackcoin.

https://prohashing.com/
http://steakcloud.com/