Ahahaaaa.  Thank you, mark.  Always feels good being backed up my a real techie who really understands the technology.

But for serious stuff you need serious stuff. PoS is not serious.

Just because worthless crap hasn' yet been stolen doesn't at all mean that the worthless crap is secure, it just means it is not worth stealing.

As long as PoS coins remain pathetically worthless who cares, they aren't important, why even bother attacking them.

The point is they cannot be used safely for real serious money. Sure if you just want pennies fine use sugar cubes or lumps of mud or whatever, its not important. But for serious stuff you need serious stuff. PoS is not serious. Especially PPCoin which is basically just another Solidcoin type con job, that is, centralised, vulnerable to one guy who can trash it at will.

-MarkM-

The dead cat bounce over, time for low teens, then singles.

tic... tic... tic...

Read Satoshi's papers:  Bitcoin [ixcoin, etc.] will have instant transaction times.  This faster block time is a gimmick which leads to an unstable coin.

Alright guys, I have to apologize for going "dark" again for the last week or two.  I had a problem with the provider for the pool server, I secured the server and in the process their monitoring tools can't connect - so what did it do?  It rebooted the server repeatedly.  So I have been working on repairing it and will get it up and going again shortly.  I have done some payouts over the past week but there are still a lot in the backlog, those will go out tonight.  Thank you for your exceptional patience! (and remember, I do these entirely manually by cutting and pasting from a bunch of Excel spreadsheets!)

In bigger news...

We are going to reinvent Particle as a Proof-of-Stake coin called Particle X.  This time I want to have the background and supporting materials ready to go before we pull the trigger, but here are some details:

Particle X will be a Proof of Stake coin with X11.  There will be a 2 week period of PoW mining before it becomes pure PoS.

I am leaning towards 250M total coins.  The coins will be split.  175M of Particle X coins will be mined and reserved for a coin swap for PRT (just like Saturncoin did, with an Exodus address that we can track and a script to automatically do the swap), at a 4:1 ratio.  The remainder will be PoW mined on the pool.    We could also consider doing half and half, with 350M total coins.

I think having another PoW phase is important to generate some publicity and community interest again and get the miner's more active.

Particle X will have a 5 minute PoS modifier interval and the same fast transaction processing that we enjoy with PRT today.

I am leaning towards 3%/year proof of stake but I am open to suggestions from you.

I'm working on a lot of stuff and it is a little overwhelming for one person, I will give it a few days before I finalize the code for PRTX and am happy to consider suggestions for the parameters.  What we want is a coin that is fast, attractive, with a good long term economic model, that builds value for the investors and doesn't erode it, and that I can use as a platform to build all of these great things on top of it like Particle Shares (yes, that site is complete and will go live with PRTX).

What does PRTX mean for the android wallet?  Proof of stake coins are hard to make android wallets for, I don't know of anyone who has completed one yet.  For mobile payments and integration with the payment service/Proof-of-Sale system I think we will have to go the online wallet route.  This is something we can leverage the exchange infrastructure, payment site, and PRT .Net code altogether to accelerate building it.  There are a couple of sites out there that provide this service as well that we can look into getting added to.

For the PRTX Qt wallet I have taken Snotty's design from the .Net wallet and tried to implement that look and feel as best as I could.  It will be very nice.

There is something else out of left field I think we should look into - a high end casino for PRTX.  Not a rinky dink script, but a really nice one with international translations.  If anyone knows of any resources for this please pass the info along.

So let me get the pool server sorted out and the payouts out.  Mine as many PRT as you can, you're going to want to be holding onto them to swap out.  And then I will get all of the materials together and published for PRTX.

I am open to any suggestions on the PRTX parameters.  China is our biggest market and userbase, so any feedback on what configuration would be most attractive would be very helpful.

There are good technical papers written on this and PoW is easily the most secure choice.

We're talking about global transactions here with anyone trying to crash your network.  That's where PoW gets the job done and everything else is simply another gimmick.

For short term trades, I don't look if a coin is PoS or PoW, I just look at the things I feel newbie investors will look at when they come in [by the millions].  Things like name, [cheap] price, logo design, maybe active devs and a good reputation and other simple things like that.

So if the coins I'm buying (for a flip) aren't PoS then it's just a coincidence.

Longer term, there's no way I'd ever buy and hold any coin which is not PoW AND a coin secured with massive hash power, like iXcoin.  The reason is that's the single best way to secure a coin for mass, Global adoption.

PoS security is POS...pun intended, and without an ultra secure network your coin is DOA, good only for short term trading.

Impossible to say.  Last year, on a % basis, I would say Quark did the best.  Quark was and is a dog [with premined fleas].  A hugely premined dog.  But Max Keiser had a nice chunk of Quark so he mentioned it on his show and it blasted off.  Nobody could have seen that.

So that's why I say diversify and keep your eyes open, if any coin gets on some popular tv program then I would definitely start buying that.

Right now just focus on the really oversold coins with decent devs, not too many coins outstanding (with a couple exceptions like DEV and DOGE) and a good Coin Name, as many new investors will know little about the tech or even investing so they'll simply buy a coin whose name and logo they like. 

Some coins I've been accumulating on this ridiculous sell-off:  DevCoin, CasinoCoin, NetCoin, WorldCoin, GrandCoin, CASHcoin, Doge, and a few others.

Do your research and don't hesitate to buy if it looks and feels right.  And don't be that guy that thinks a triple is a lot of money. I'm certain some of these coins will do 20 fold and some will blow past 100 fold returns!

oh and btw go read troiste's post history if you're that stupid and buying in cause iconicexpert and his buttminion are telling you this is going to the moon PS there in it for short term gains

He has a topic that carries the name Blackcoin that he solely uses for promotion of Libertycoin and everything he doesn't like he deletes.
He cannot and will not use the name of Blackcoin for such a topic, if anyone is childish it is him.

Is it childish to adress such corruption?? We want a centralized UNCENSORED topic for BC, not one controlled by someone who gives rat shit about the coin.

Each address has less than 1 million coins, and most addresses are under 100,000 coins. Once this gets to a larger exchange it will take off because dumps will be minimal. That is why the price is raising so fast on such a small exchange.

Thank you!!! WOW!!! I love the distribution on this coin!

This coin is only available on the open market since 2 days, did you know that?

Thank you!!! WOW!!! I love the distribution on this coin!

LibertyCoin is my new love.

Is stuff like this from the community that made me fall in love with BlackCoin... Nice job...