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

[X68N]

i like this coin , but the download is slow i stopped counting after day 4 xD
Also the max connections i get is only 2 but sometimes 1 without any firewall.

would be nice if the client could allow more than 2 connections

[STT]

Why would the protocol have a bias to new members? Are you saying this because the difficulty is low?

I'm making a reference to coin age.  People who have already staked alot do go behind somebody who has never staked, some people might think only the largest holders get to stake and continually block the small guy but thats not really the case.  When I see Proof of stake discussed on twitter vs other protocols on efficency and security, that seems to be the main criticism that ok its good on everything else but its too biased or it a system which favours the rich only.    I dont see the little guy mining Bitcoin anymore, I used to do it myself but it became a capital intensive process afaik so I do think the discussion is a bit off on that.    It seems that label is out there, better to discuss it then let it continue.  

would be nice if the client could allow more than 2 connections

Yes it does and there is more then one client that could be used to stake so you should be fine

[dzimbeck]

Why would the protocol have a bias to new members? Are you saying this because the difficulty is low?

I'm making a reference to coin age.  People who have already staked alot do go behind somebody who has never staked, some people might think only the largest holders get to stake and continually block the small guy but thats not really the case.  When I see Proof of stake discussed on twitter vs other protocols on efficency and security, that seems to be the main criticism that ok its good on everything else but its too biased or it a system which favours the rich only.    I dont see the little guy mining Bitcoin anymore, I used to do it myself but it became a capital intensive process afaik so I do think the discussion is a bit off on that.    It seems that label is out there, better to discuss it then let it continue.  

would be nice if the client could allow more than 2 connections

Yes it does and there is more then one client that could be used to stake so you should be fine

Blackcoin POS 3.0 doesn't have Coinage as it was removed for obvious security reasons. There is no difference from new wallets to old ones.

[STT]

Obviously you'd know better then me on this but I'm just mentioning how its not completely bound to revolve around just the largest wallets.  I believe it gives some priority to those who've not staked before over somebody who staked 5 times already today.    Thats how someone who is a much smaller holder would still be involved despite not being in the top 100 list.    The coins on Bittrex arent involved in staking either afaik, so theres that positive also as some incentive to setup a wallet even the smaller or newer participants.

[dzimbeck]

Obviously you'd know better then me on this but I'm just mentioning how its not completely bound to revolve around just the largest wallets.  I believe it gives some priority to those who've not staked before over somebody who staked 5 times already today.    Thats how someone who is a much smaller holder would still be involved despite not being in the top 100 list.    The coins on Bittrex arent involved in staking either afaik, so theres that positive also as some incentive to setup a wallet even the smaller or newer participants.

Actually the reason it doesn't give that incentive is a good thing. For example, I can split an input into 1000s of outputs. If Coinage was allowed those tiny outputs could sit for a while and generate higher stakes. It also lets a user gain more network weight by not being connected which is clearly a security hole. Rat4 removed this for those reasons.

Lets say a guy with 100 coins has a 10x lower chance of getting a stake than a guy with 1000 coins. That is totally fair because they BOTH average about 1% a year considering a reward of 1.5 coins. So if a guy with 100 coins is connected for a year he will see a block more or less. The guy with 1000 coins might get a stake per month. It doesn't favor the rich.

Consider DPOS which does favor the rich. Once you get into the 100 delegates or 20 delegates or whatever, you can pay people to vote for you and stay in the top. Also, it's less people validating the chain. For pure POS 3.0 there could be as many people staking as there are people connected. As incentive rises to stake, people upgrade hardware to run the full nodes. DPOS was never necessary and was a centralized workaround to make a glorified database. It paid off well because the devs could roll out a product but it wasn't actually secure and neither was the trivial data (like Steemit which stores it's data elsewhere).

POW also favors the rich because wealthy people can build better hardware to dominate the network. Also POW is notoriously prone to being forked for smaller chains. This is because the "small chain" is only as secure as the "big chain". Basically BTC miners can at any time point their pools at weak coins, perform double spend attacks and destroy those chains. POS doesn't suffer from this at all because the network difficulty is contained within it's own network. Only people genuinely invested in Blackcoin can attempt to fork it.

The reason to get involved with Blackcoin is that this network has been running securely for 6 years and it has never been forked! Furthermore there is software like BitHalo/BlackHalo and the new developments with More and such.

With less people staking, it does give an incentive to connect and stake because the higher reward. It's good to look at network weight. Still the volume needs to be there. Blackcoin needs to keep developing to stay competitive.

[r_victory]

Can I continue to use the Blackcoin Legacy wallet or will it be discontinued? I have my saved wallet.dat and don't want to transfer to More...

[STT]

It will let you use either client you choose r_victory.    https://blackcoinmore.org/   recommends to send coins from the old wallet to the new More one rather then transferring the .dat file  .  I like the history going back years on my old address but I think I'll take that send option and test More

Thanks dzimbeck, I appreciate the correction I'll bookmark your post for next time I see a DPOS vs POW vs POS discussion/article on twitter

[r_victory]

It will let you use either client you choose r_victory.    https://blackcoinmore.org/   recommends to send coins from the old wallet to the new More one rather then transferring the .dat file  .  I like the history going back years on my old address but I think I'll take that send option and test More

Thanks dzimbeck, I appreciate the correction I'll bookmark your post for next time I see a DPOS vs POW vs POS discussion/article on twitter

I'm a little nostalgic, I don't have the habit of generating many addresses, although it is a security recommendation of the majority, but,  I'll test "More" too...

[grosminer]

Blackcoin core wallet stopped syncing.. i get ProcessBlock: ORPHAN BLOCK 751,  errors.
Tried to install latest core client: 1.2.5.2 and it doesnt work

What can i do to resync ?

[xsedivy]

Better to ask here: https://gitter.im/BlackCoin_Hub/Support

[grosminer]

Better to ask here: https://gitter.im/BlackCoin_Hub/Support

I'll do
Thank you!

[sam1240]

Just a few question
How do i update to latest safely from 1.2.4.?.
 how do i get a exact amount of coins i have as i think im on a wrong chain. Staking coins is currently 80k which ia very low for blk

14th onwards my stakes are high. Normally i would stake once a few weeks.

[xsedivy]

See https://blackcoinmore.org/ for more info, but basically you install a new wallet with a new address and then you send BLK from your old one to a new one

[helpix.world]

Congrats Blackcoiners, we've added your coin to our very exclusive lighted list of truly decentralized currencies. We are seeing you won't be tradable on the v.2 of BarterDex any more (https://www.atomicexplorer.com/#/coins), while you were present in their v.1 (https://www.dexstats.info/coins.php) is it correct?

[mindphuq]

Congrats Blackcoiners, we've added your coin to our very exclusive lighted list of truly decentralized currencies. We are seeing you won't be tradable on the v.2 of BarterDex any more (https://www.atomicexplorer.com/#/coins), while you were present in their v.1 (https://www.dexstats.info/coins.php) is it correct?

Blackcoin was on BaterDex as far as I know and it's capable of being exchanged on a DEX since it supports atomic swaps.
I am however a little rusty in the knowledge so if you haven't done it yet, you can go to their discord if you haven't done it yet. There are community members active who followed the last developments more closely and probably can say more about it. Take this invite: https://discord.gg/9dJ8Qk

PS: This ANN thread is not monitored closely anymore, the community communication went mostly to discord and reddit.

PPS: Cool list of true decentral coins might come in handy

[XCASH]

Could someone post a list of nodes please?

[mindphuq]

Could someone post a list of nodes please?

You can find nodes for your client here

https://chainz.cryptoid.info/blk/#!network (click on [node list])

[XCASH]

Could someone post a list of nodes please?

You can find nodes for your client here

https://chainz.cryptoid.info/blk/#!network (click on [node list])

Thanks. that link should be in the OP but the topic starter hasn't logged in since March. The OP still shows cryptopia as an exchange listing blackcoin, and it's now bankrupt. Let's hope the topic starter logs in soon.

[helpix.world]

Congrats Blackcoiners, we've added your coin to our very exclusive lighted list of truly decentralized currencies. We are seeing you won't be tradable on the v.2 of BarterDex any more (https://www.atomicexplorer.com/#/coins), while you were present in their v.1 (https://www.dexstats.info/coins.php) is it correct?

Blackcoin was on BaterDex as far as I know and it's capable of being exchanged on a DEX since it supports atomic swaps.
I am however a little rusty in the knowledge so if you haven't done it yet, you can go to their discord if you haven't done it yet. There are community members active who followed the last developments more closely and probably can say more about it. Take this invite: https://discord.gg/9dJ8Qk

PS: This ANN thread is not monitored closely anymore, the community communication went mostly to discord and reddit.

PPS: Cool list of true decentral coins might come in handy

Thank you! :-)

[pwnsauce]

A couple quick questions on wallet upgrades:

So I have read the article on the Legacy wallet, Lore Wallet, and More Wallet.

Of course I saw that it recommends moving the coins to the newly created wallet, rather than simply moving the wallet.dat

This in mind, what sort of issues might one encounter is they start a wallet.dat created using the Legacy wallet, using the More Wallet?

...and can the created issues simply be corrected by generating a new address in the More Wallet and moving the funds internally?

Just curious what issues either of these might create for individuals attempting these alternative methods...