[ANN] Blackcoin Protocol [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine

[Paul33]

Black coin needs too take the black net thread back black net the coin doesn’t evebpn exist yet

[Hardunkichud]

Rat, the original founder, owns that thread. Bitcointalk forum rules say he gets to  do whatever he wants with it. That's why we're here.

[Paul33]

So rat sabotages he’s own coin stupid

[Hardunkichud]

He's indecipherable. We have no idea what he's doing or what he wishes to achieve. However, the way Blackcoin is  setup means that he doesn't  rule the coin. A few months ago the network already voted on Janko's build to continue so he's pretty much of the game. That is, unless he wishes to cooperate again. There's no point in burning bridges either, the guy did create the most solid form of Proof of Stake after all.  

Blackcoin keeps being cloned by very new coins:  



 

[shafiq07]

So rat sabotages he’s own coin stupid

He is like a ghost...when he want appear he will appear and missing again... 

[aamy90925]

I'm very happy to see this project finally come to fruition, this gotta be one of the best thing that could have happened. I am very happy about this. Good job everyone

[STT]

He moves in mysterious ways, I just presume the dude is a legend and a genius and that doesnt always go with absolute perfection in every area, we are only human after all.   This is the best direction for stability but who knows what comes next in crypto overall, its never a boring market anyhow.

I did notice on some sites they reference a Bitcointalk (ANN or  Announcements) thread and of course it points to the old one.  Maybe if the network consensus is with development on this thread those links should be pointing to the OP on this the newer BLK thread.    Theres always new people coming into crypto, that growth is important and quite a few will come from the big marketcap type listings of the coins, types with details and links given.

[mgpchr]

how do I use the file BOOTSTRAP? I downloaded it. Placed in the directory C:\Users\XXXX\AppData\Roaming\Lore but it did not help synchronization. Then I placed it C:\Users\XXXX\AppData\Roaming\Lore\blocks but it did not help synchronization.

[Verdell]

I have no doubt rat4 working on something and it's probably something great for blckcoin/blacknet

[K0b1]

I have no doubt rat4 working on something and it's probably something great for blckcoin/blacknet

Do you have a proof? or some history with the dev that can point it out?

[stupidboy123]

how do I use the file BOOTSTRAP? I downloaded it. Placed in the directory C:\Users\XXXX\AppData\Roaming\Lore but it did not help synchronization. Then I placed it C:\Users\XXXX\AppData\Roaming\Lore\blocks but it did not help synchronization.

Go here for quick friendly help...https://gitter.im/BlackCoin_Hub/   

[STT]

When you first startup I think Blackcoin it allows you to specify the directory you want to use, select somewhere far more accessible then the users files or whatever  (which are basically hidden).    So you need to remember where that is.

Or later on you can specify directly where you want the files to be placed.
    Create a shortcut to the lore-qt.exe and place on desktop > properties > target > -datadir=D:\Bootstrap-directory


Or if none of that is helpful then try Blackhalo which is the same network just a different approach/client to reach the same place, I think the bootstrap also works with this.
https://blackcoin.co

[mgpchr]

The Blackcoin has no limits on the maximum Stake? The owners of a small Stake will not be able to get the reward POS-mine?

[Hardunkichud]

There's no minimum or maximum stake, everyone stakes the same percentage. I like the idea on paper, it would create more participation. However, in reality the only thing a maximum stake would do is cause wealthy stakers to divide their coins over more nodes to circumvent the minimum.  

If you had 50k blk, and the maximum was 1k, then you would simply run 5 raspberry pi's  each with 10k and it would be the same as staking 50k.  

I hope that makes sense.

[mgpchr]

No. The probability of getting a reward from a Stake of 50k blk is greater than the sum of the probabilities from five Stake of 10k blk.

[Hardunkichud]

That doesn't sound right. I'm pretty sure that the 739k coins each year are issued evenly over every coin staking.   

[shafiq07]

The Blackcoin has no limits on the maximum Stake? The owners of a small Stake will not be able to get the reward POS-mine?

As per i run...i got 1.5blk perday for 10k blk

[mgpchr]

Why then unite in pools? If the probability of getting a reward in solo-mining is equal to the probability of getting a reward in the pool (in proportion to its Stake in the pool).

For example, 50k blk is a pool. My Stake is 10k blk. The pool will pay me a reward in proportion to my Stake (10 blk). In a pool and in a solo, I get the same reward?

[Hardunkichud]

Yes they will be the same reward. Pool-staking is useless for BLK. Though maybe there are other coins that increase the relative amount depending on how much is staked, in which case pool-staking would work. Just not for BLK, and intentionally so as that would encourage centralization. 

[caad10]

Blackcoin Raspberry Pi staking guides courtesy of Shermand100 over in Gitter can be found here if anyone is interested- http://www.pinode.co.uk/