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

[mindphuq]

EXCHANGES

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When I read something like this I know it's scam. it's a shit coin and the dev is a dreamer. good luck with these crap

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.

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[Anycrypt]

I sold my all not so long ago. Although I do not exclude it, it will grow even more, but the bubble has already been inflated in my opinion to a dull state. There is no practical application for a coin, and it is necessary to appear a more interesting multi-pool, everything will fall to the ground ..

[Anycrypt]

Nothing outstanding in fact, but the price is very attractive. The wallet is standard, unfortunately I have not found yet confirmed on-line purses (it seems like there is a kriptonator, but I can not get there, since no confirmation comes to any mail)

[penoze]

Hello, saw this new thread for Blackcoin but don't understand what is currently on going with Blackcoin and the old thread what is renewed to blacknet.

[Mr.Spreadthehamster]

how to install blackcoin wallet?
I always failed
I will hold blackcoin and want to mining BLK

[brendan6498011]

Back again, better than ever, stronger than before.
do the author come back again? the author has dissapear long time!

[Gritt-N-Auld]

Back again, better than ever, stronger than before.
do the author come back again? the author has dissapear long time!

We have always been around. Janko has taken up much of the lead development with his team called Blackcoin "Lore".

[Hardunkichud]

how to install blackcoin wallet?
I always failed
I will hold blackcoin and want to mining BLK

Take the Lore wallet
http://blackcoin.co/#downloads

[chinaBLK]

Say something...
 

[hasna17]

Back again, better than ever, stronger than before.
do the author come back again? the author has dissapear long time!

We have always been around. Janko has taken up much of the lead development with his team called Blackcoin "Lore".

New passion for Blackcoin, certainly with the return of the author and take many developers will be a stronger team
and quick to achieve satisfactory results.

[Hardunkichud]

On Reddit and Twitter the misery that comes with ICO tokens is slowly starting to seep into the community's awareness. Tokens are going bust, companies like EOS are dumping massive amounts of Ethereum, any holder of such tokens will be the last to know when that shit happens, and by then it will be too late. 

People want stability. And stability comes from lean coins, coins that don't rely on a treasury and/or continuous revenue stream to build their projects.

[mrrobotelliot]

On Reddit and Twitter the misery that comes with ICO tokens is slowly starting to seep into the community's awareness. Tokens are going bust, companies like EOS are dumping massive amounts of Ethereum, any holder of such tokens will be the last to know when that shit happens, and by then it will be too late. 

People want stability. And stability comes from lean coins, coins that don't rely on a treasury and/or continuous revenue stream to build their projects.

This is really well said. Thank you. I just joined this forum. I'm interested in Blackcoin. As far as its age. It reminds me of ECC: being an older coin with new things on the horizon. Potential for the price to go up again would you say? That's great that it's listed on so many large exchanges like poloniex, bittrex, and cryptopia. That must make for a lot of volume. Up until today I had not heard of Blackcoin until I saw it had one of the top ratings on Cryptopia (I use cryptopia a lot). cheers.

[MedaR]

You should contact Coinmarketcap https://coinmarketcap.com/currencies/blackcoin/#markets to change ann page link. 

[Gritt-N-Auld]

You should contact Coinmarketcap https://coinmarketcap.com/currencies/blackcoin/#markets to change ann page link. 

I had already, twice. No response.

[hroub]

Hi. Does BLK have a max coin supply by any chance? I'm looking to invest and hodl a privacy PoS coin with a max coin limit. Thanks

[STT]

Arent those two ideas in conflict.   The POW form of the coin ended years ago, so that part was limited and gone forever if that helps you.  The coin is now all POS where confirmation of transactions involves staking and a small 1.5 Blackcoin reward for the wallet that stakes.   Very simply it would be like a queuing system, or a kind of basic interest yield to holding any amount of coins in a wallet.    
   I've not read any proposal to remove the stake reward but you can see the amount increased is very steady, set amount and known in advance and all the new coins go back to wallet holders, not outside miners or anyone else who doesnt hold BLK.   Its way fairer and more efficient then POW and I seriously think it could take over from POW blockchains in the long run.  That would massively enlarge the market for POS generally if true.

The centre of any economy, FIAT, commodity, national or commerce is efficiency, it can destroy itself from within if not efficient and able to compete in a global market place.  No outside actors are required to make this true, if POS is more efficient then POW and it surely is then this weight of process is on our side long term.   Its very reasonable to take an interest on BLK imo

[Hardunkichud]

There are three types of caps:

- No cap
- Soft cap
- Hard cap  

Blackcoin's supply cap is 77m (currently existing) +740k (=0.98%) per year approximately.

The 740k is the staking reward that is handed out to the stakers each year. Everyone can stake. No barriers to entry, no delegates, only fairly distributed coins you can buy your way into.   

This is what we call a 'soft cap'. There's still a limit to the amount of coins can exist  at any given time, but the total supply does gradually increase at a flat rate.  

A hard cap is when there's an absolute limit on the total amount of coins that can ever exist, after which the network runs into a 'wall' where the network costs will have to be paid through a different means, usually transaction costs.  

Then there's the 'no cap' coins. These are centralized coins (usually ICO's) that can create new coins out of thin air whenever they want to because they own  100% of the consensus.  


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Ultimately this boils down to the question 'Who pays for the network?'  

- No cap coins are to be treated like companies over which the 'shareholders' have no control over. Everytime they create new supply for themselves they are essentially letting everyone pay for it by inflating their amount. Nobody is able to tell when and by how much other than the core team.  

- Soft cap coins have a clear and stable answer to the question. BLK answers with 'All holders pay 0.98% (to the stakers) per year for the network. If you want to be part of the recipients, then stake, it's easy, cheap, and we encourage it'.  

- Hard cap postpone the answer to the question, often far away into the future. Until then that cap is reached, they are under (often heavy) inflation, and when they finally reach the end, the transaction costs will soar to pay the miners or the stakers. This is perverse, it discourages people from actually making the transactions, the very thing crypto was invented for in the first place.  

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BLK choses this small and stable inflation to keep transaction costs low but enough to encourage as many people to stake. Currently almost one third of all the coins are staking. It's a delicate balance but I think BLK has nailed it.  

The only thing that can be improved is changing the 740k per year to a relative amount, just make it 1%. This means that the proportional inflation will stay the same rather than decrease as time goes on. If 1% is what we consider a good incentive right now, then so should it be in 100%. But this is a subjective point, I fully appreciate other view points on this last bit.  

[duonghi99c88]

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

[chrysophylax]

Nice to see this back again ...

We will be watching with anticipation.

#crysx

[Hardunkichud]

After 4 years it's still my most favourite project by far. Whereas all other coins are trying to tack on more bloat and perverse mechanics, BLK keeps homing in on total minimalism. But hey, if 'back again' works better for marketing purposes then whatever, let's roll with that.