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

[muleroaa]

When is ercoin distribution

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.

how many ercoin will initially be distributed thru burning blackcoin

All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

Lets wait OP for more informations about future of this project.

Else this looks like hijacking of topic, and this is not allowed according to the rules of the forum.

It's not hijacking at all, people know about ercoin and it directly relates to current and future BlackCoin holders. Good to be able to keep up to date this way, for all people that might be interested.

[1715132480]

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[1715132480]

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[STT]

Burning Blackcoin ?  sacrilege, I dont mind new stuff, innovations but yea do make a new thread and I'll subscribe read up on it some.   Oh this is the right link I guess, https://bitcointalk.org/index.php?topic=2071642
I'm not immediately seeing whats distinctive about it, but now I've posted the link it should be discussed there mostly.   Good luck

[dzimbeck]

Hmm without Janko and rat4 we are a little short on devs. Still though wish people would use BlackHalo/BitHalo more often especially for OTC cash deals. I have finished all the templates and features for it actually. A new release comes out at the end of this month.

It's possible at some point you guys may want to fork and update the protocol to support more advanced features... perhaps pruning of the chain, contracts, rep system, more random stake selection, etc.

If none of those things take place though it might be a grind. Didn't see any new developments with "Blacknet" other than a name change. I'm assuming at some point this will have to fork if there is a 2nd network but even so nothing was clarified with the community which was I'm assuming the motivation for this thread.

[Hardunkichud]

Blackhalo would need that initial kernel to get the snowball growing. Maybe full trades (fiat for goods) may be setting the bar too high for most people. A slightly lower type of usage is lending, the sharing economy. Like those apps that let people put all kind of equipment up for sharing. The flaw in those systems is that it's completely reputation based. You have no idea in what kind of state you'll see your equipment back.  

Blackhalo is the perfect escrow for that. Both people put their BLK in the escrow, there's no transaction, but the smart contract sits there until someone lended their stuff, the other brought it back in a satisfactory state and both people are happy. Though it'd be advisory for the person who uses the equipment to put in a higher (2x) escrow than the lender due to the asymmetrical nature of the trade.  

I tried to explain escrow transactions to a friend of mine, and only once I brought up this lending example it 'clicked' for him.

Burning Blackcoin ?  sacrilege, I dont mind new stuff, innovations but yea do make a new thread and I'll subscribe read up on it some.   Oh this is the right link I guess, https://bitcointalk.org/index.php?topic=2071642
I'm not immediately seeing whats distinctive about it, but now I've posted the link it should be discussed there mostly.   Good luck

 

The option to burn BLK for a new coin is great for BLK. It really raises the value of Blackcoin. Value comes in but it doesn't go back out again.

[dzimbeck]

Blackhalo would need that initial kernel to get the snowball growing. Maybe full trades (fiat for goods) may be setting the bar too high for most people. A slightly lower type of usage is lending, the sharing economy. Like those apps that let people put all kind of equipment up for sharing. The flaw in those systems is that it's completely reputation based. You have no idea in what kind of state you'll see your equipment back.  

Blackhalo is the perfect escrow for that. Both people put their BLK in the escrow, there's no transaction, but the smart contract sits there until someone lended their stuff, the other brought it back in a satisfactory state and both people are happy. Though it'd be advisory for the person who uses the equipment to put in a higher (2x) escrow than the lender due to the asymmetrical nature of the trade.  

I tried to explain escrow transactions to a friend of mine, and only once I brought up this lending example it 'clicked' for him.

Burning Blackcoin ?  sacrilege, I dont mind new stuff, innovations but yea do make a new thread and I'll subscribe read up on it some.   Oh this is the right link I guess, https://bitcointalk.org/index.php?topic=2071642
I'm not immediately seeing whats distinctive about it, but now I've posted the link it should be discussed there mostly.   Good luck

 

The option to burn BLK for a new coin is great for BLK. It really raises the value of Blackcoin. Value comes in but it doesn't go back out again.

I've never heard that use case before that's a pretty great idea! The escrow is only needed for the trust aspect. Kind of similar to Barter I guess. I finished
all of those templates including Python contracts where users can program their own. However, I'm waiting to see if more people use the basic features
before activating them in the code. For now users should at least experiment with custom contracts and P2P cash deals.

Regardless, the market is still gambling too much now. It's going to take time for the masses to continue to migrate to actual usable software. We are
doing a web implementation at Bitbay eventually I think and of course the peg is almost done and at some point I would be interested in doing "Atomic double deposit" so users can mix deposits from various currencies. It was a newer concept of mine. In order to do that though I need to see more users. And still, Halo is the original brand and deserves much better. Never did I think I would find Namecoin, Peercoin, Blackcoin and so many of the "original" coins on page 3 or 4 behind a bunch of sleazy projects.
We deserve better.

[bumbazaka]

The algorithm is too old. Many asics can mine the very huge amount of coins. Too bad

[Hardunkichud]

Blackcoin CANNOT be mined. You're spreading misinformation.

[shafiq07]

When is ercoin distribution

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.

how many ercoin will initially be distributed thru burning blackcoin

All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

Is that all blackoin holder will get equal of ercoin?? 1:1??

[Hardunkichud]

The ratio could be anything 1:2, 1:5, 1:10 it doesn't matter.  

[hendMohammed]

Interesting project. 

[migz]

Its been years since i first purchased BLK, so much memories i can remember when this one first took off.

[Gritt-N-Auld]

Its been years since i first purchased BLK, so much memories i can remember when this one first took off.

Lets make some more memories.

[Gritt-N-Auld]

Revival updates:
- Blackcoin.org is the main Blackcoin website.
- Blackcoin.co will redirect to Blackcoin.org.
- Twitter @CoinBlack changed to @BlackcoinOrg
- Requesting updates on all services to update Blackcoin information.

Revival todo:
- Team pages
- Roadmap
- Proposed plans

[migz]

Its been years since i first purchased BLK, so much memories i can remember when this one first took off.

Lets make some more memories.

They are re branding and it seems getting more active as time goes by, hopefully we see more actions!

[Hardunkichud]

Sadly BLK was way more active last summer. But the Slack channel got to full capacity and moving to Gitter lost a lot of active users.

Lesson learned. Do not use Slack as a community platform. It isn't meant for large groups. 

https://gitter.im/BlackCoin_Hub  

[chinaBLK]

When is ercoin distribution

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.

how many ercoin will initially be distributed thru burning blackcoin

All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

Hello there，Learn how EOS is distributed.

500000ERCOIN per day，The average person who burns BLK gets 500000ERCOIN.
If only one person burns one BLK, then he gets 500000ERCOIN.。。。。

[muleroaa]

We have added your project to a fast growing platform for ICO investors https://icobuffer.com/projects/blackcoin. We recommend you to add more information about your project, it will affect the rating positively. Please write me if you have any questions.

Are you that new that you actually think that every project that has a topic on Bitcointalk actually is an ICO or is this a bot post? Either way, pretty dumb!

[Hardunkichud]

[Gritt-N-Auld]

Sadly BLK was way more active last summer. But the Slack channel got to full capacity and moving to Gitter lost a lot of active users.

Lesson learned. Do not use Slack as a community platform. It isn't meant for large groups. 

https://gitter.im/BlackCoin_Hub  

Slack is horrendous... "What do you mean that I can't ban someone?!!? Wait, disable account, that should do it. WTF THEY ARE BACK!?!"

[Gritt-N-Auld]

We have added your project to a fast growing platform for ICO investors https://icobuffer.com/projects/blackcoin. We recommend you to add more information about your project, it will affect the rating positively. Please write me if you have any questions.

But it isn't an ICO... It is a coin from 2014.