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Author Topic: [ANN] Blacknet BLN | Staking | Token Platform in Development  (Read 2505292 times)
jamieb81
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March 26, 2014, 09:19:17 PM
 #10001

[ed] and it's worth mentioning that multi-pool mining for other coins is basically a kind of carry trade arbitrage that's already being carried out in BC.
Please explain carry trade arbitrage.
Quote
My thinking on this was sort of loose. But anyone mining other alts and buying BC with it, is effectively borrowing BC to turn around and invest temporarily in things that may have a higher rate of return (assuming their prices are stable enough). We aren't at a point yet where I loan you BC and you go put it in MintCoin and take the difference in interest...at this point BC is still a raider. But if it's becoming the home base for those kinds of excursions, it's kind of like the Yen.

Blackcoin is still hundreds of millions if not billions off the market cap required to make this worth while. But it also reminds me how early a stage all crypto is in.

I trade forex as well Smiley

Not interested in giving some accelerated crypto courses? I really need to learn some basics n stuff Grin
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March 26, 2014, 09:20:43 PM
 #10002

Just reposting below what I posted a couple of days ago for anyone who missed it:

This is the third time this pattern has repeated. If you're interested in the price pattern read below.

Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...

Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).

Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here -  DO NOT POST SESC LINKS ).

We've now experienced the next pump from 4900 to 9000 satoshis

What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.

The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
draco71
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March 26, 2014, 09:22:32 PM
 #10003

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  Wink

Anyway, only time will tell. These things will happen again and again and again ...

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
virtualfaqs
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March 26, 2014, 09:31:59 PM
 #10004

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  Wink

Anyway, only time will tell. These things will happen again and again and again ...

Certainly beats gambling at the casino... hehe No offense!  Grin Awaiting a witty rebuttal.

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patronis
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March 26, 2014, 09:32:42 PM
 #10005

hi new to this coin , heard lots of hype. How can i mine bc?
jamieb81
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March 26, 2014, 09:34:30 PM
 #10006

hi new to this coin , heard lots of hype. How can i mine bc?

Did you read the first page?
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March 26, 2014, 09:35:44 PM
 #10007

Pump announced

https://twitter.com/MineCrypto/status/448925329521123328

MuffinMaster
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March 26, 2014, 09:35:49 PM
 #10008

[ed] and it's worth mentioning that multi-pool mining for other coins is basically a kind of carry trade arbitrage that's already being carried out in BC.
Please explain carry trade arbitrage.
Quote
My thinking on this was sort of loose. But anyone mining other alts and buying BC with it, is effectively borrowing BC to turn around and invest temporarily in things that may have a higher rate of return (assuming their prices are stable enough). We aren't at a point yet where I loan you BC and you go put it in MintCoin and take the difference in interest...at this point BC is still a raider. But if it's becoming the home base for those kinds of excursions, it's kind of like the Yen.

Blackcoin is still hundreds of millions if not billions off the market cap required to make this worth while. But it also reminds me how early a stage all crypto is in.

I trade forex as well Smiley

Not interested in giving some accelerated crypto courses? I really need to learn some basics n stuff Grin

Possibly, tons of stuff out there already. Check out the IRC (listed on main page) Lots of super helpful people. I'm on and off irc.
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March 26, 2014, 09:37:03 PM
 #10009


unless you have some deep deep pockets, I doubt this pump will do much of anything. BC arrive at the price it should be, when it wants to, not because of some pumper Tongue
patronis
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March 26, 2014, 09:37:55 PM
 #10010

i had it , still dont get it sorry  Angry pls someone just give a direction.
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March 26, 2014, 09:39:45 PM
 #10011


Not going to happen unless the pumper(s) have a lot of coin to knock down those sell walls.
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March 26, 2014, 09:40:30 PM
 #10012

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  Wink

Anyway, only time will tell. These things will happen again and again and again ...

Perhaps, although it does now appear to have been the right one! haha I'm sure it will -but we have started an upward trend now, the dumps will end at higher and higher price levels and the pumps will hit higher and higher. Probably hit 8000 within 6 hours, maybe 8200 stabilised in 12. I think whoever it was who was manipulating the market had two aims: 1. To buy up as many BC as he could from us as cheaply as he could 2. To see just how low he could dump the price before buy support kicked in good and proper - In reality while many lost coins to him (myself not one of them thankfully) he has set a new floor in what we could probably call 'worst case' conditions (a massive panic with Cryptorush centred around BC, along with a massive market manipulator dumping the price lower and lower) - as we are unlikely to see such bad news/publicity for a while and the new floor has been set it is likely we will be on the rise once more.
mellomike
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March 26, 2014, 09:44:42 PM
 #10013

BlackCoinMiner.com NOW ONLINE!!
0% Mining Fee

Thank you to everyone that helped with the testing during beta! This new mining pool was constructed because I believe everyone should have a choice when decided where they want to mine. This pool has 0% mining fee (FOREVER). Live stats so no need to refresh the page, soon there will be coin voting and even more stats on your miner page. Please leave your feedback and if you have questions join us on IRC #BlackCoinMiner (freenode)

PS. We are seeking moderators for the IRC. If you are interested please drop a line. 10 BC a day pay!!

Website: BlackCoinMiner.com

Email: BlackCoinMiner@gmail.com
IconicExpert
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March 26, 2014, 09:46:38 PM
 #10014

BlackCoinMiner.com NOW ONLINE!!

Thank you to everyone that helped with the testing during beta! This new mining pool was constructed because I believe everyone should have a choice when decided where they want to mine. This pool has 0% mining fee (FOREVER). Live stats so no need to refresh the page, soon there will be coin voting and even more stats on your miner page. Please leave your feedback and if you have questions join us on IRC #BlackCoinMiner (freenode)

Website: BlackCoinMiner.com

Email: BlackCoinMiner@gmail.com

Good job and thank you! I already have one of my smaller rigs hashing away!
XbladeX
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March 26, 2014, 09:50:43 PM
 #10015

Doge never removed cap that cap in reality that cap never exist...
Doge dev just by copied Lotto coin source.
When others explained him that Doge don't have cap he understood Lotto inflation concept to keep Lotto alive...
So he wanted Doge to be alive and he sticked to original Lotto concept.

______________________________________________________

Is big concern to balance 2 things in POS.
In POS p2p type you need nodes to keep coins allive how keep coin allive and decentralized ?
Pos miners have to get something in return keeping POS alive and secure.
More big holders is online more secure network is. To keep people online you need some reward
pure POS like BC need reward even that 0.05 BC in few hours is matter.
People like me like seeing that they have some reward for keeping network alive.
8h intervals are enough to not overload network in same time.
Pricipal of BC is 1%=deflation=store of value.With such inflation in future you can even lower fees to 0...
And keep network alive.


___________________________________________________________
About distribution you all know that BTC story with pizza for 10000BTC...
People had thousands of BTC in pockets does it matter now ?
Same story is with BC all big stack holders have their own price.
BC need some time "dump and pump" or let say rises and corrections to give BC to many hands.
this process will take time.
How long took BTC to rise 1000x ? 4 years many trades many crashes here will be same.
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March 26, 2014, 09:53:30 PM
 #10016

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  Wink

Anyway, only time will tell. These things will happen again and again and again ...

Perhaps, although it does now appear to have been the right one! haha I'm sure it will -but we have started an upward trend now, the dumps will end at higher and higher price levels and the pumps will hit higher and higher. Probably hit 8000 within 6 hours, maybe 8200 stabilised in 12. I think whoever it was who was manipulating the market had two aims: 1. To buy up as many BC as he could from us as cheaply as he could 2. To see just how low he could dump the price before buy support kicked in good and proper - In reality while many lost coins to him (myself not one of them thankfully) he has set a new floor in what we could probably call 'worst case' conditions (a massive panic with Cryptorush centred around BC, along with a massive market manipulator dumping the price lower and lower) - as we are unlikely to see such bad news/publicity for a while and the new floor has been set it is likely we will be on the rise once more.

Tell the upward trend to wait. I'm still buying.  Undecided

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March 26, 2014, 09:55:31 PM
 #10017

with an interest rate algorithm designed to keep prices (roughly) constant would be very appealing.

I know. I probably shouldn't have said it in this forum, because someone else will do it and become insanely wealthy from it. Hopefully they won't do it stupidly and ruin the idea (anyone who wants to do this should email me first, and build some sims ...has anyone ever built a sim before launching one of these coins??? I do it before launching every new card game or slot machine). For the time being though, BC is as good as it gets from a fundamental perspective; and even if such a coin appeared tomorrow, BC would be a great alternative/carry instrument for it, so they would be complimentary.

Did your speech is very negative, but also give us some reminders
Still thank you for your advice bluntly
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March 26, 2014, 09:59:32 PM
 #10018

Apart from the odd stash sell off no one is selling their coins in substantial chunks - we are going up from here I think. Despite my anger towards the market manipulator earlier I managed to make 5000 BC of it so I guess we both won in the end haha

It seems like you made the wrong move earlier today but you corrected it afterwards with a very good move  Wink

Anyway, only time will tell. These things will happen again and again and again ...

Perhaps, although it does now appear to have been the right one! haha I'm sure it will -but we have started an upward trend now, the dumps will end at higher and higher price levels and the pumps will hit higher and higher. Probably hit 8000 within 6 hours, maybe 8200 stabilised in 12. I think whoever it was who was manipulating the market had two aims: 1. To buy up as many BC as he could from us as cheaply as he could 2. To see just how low he could dump the price before buy support kicked in good and proper - In reality while many lost coins to him (myself not one of them thankfully) he has set a new floor in what we could probably call 'worst case' conditions (a massive panic with Cryptorush centred around BC, along with a massive market manipulator dumping the price lower and lower) - as we are unlikely to see such bad news/publicity for a while and the new floor has been set it is likely we will be on the rise once more.

Tell the upward trend to wait. I'm still buying.  Undecided

Haha well I sold all at 7624, that seems to be the peak of this pump - will buy back when the dump occurs - we gonna go down big though because a lot of the BTC introduced here is from idiots who see a twitter post and pour their BTC into whatever they are told, they will get scared when they see the buy orders dissappear and dump - probs back to 7100~ Id say, although impossible to tell, only way to work it out is to check the volume bought, workout the average price paid, then subtract 15% which is in my opinion the average ammount your general pumper loses by getting involved in pump and dump scams - the announcer is the one making all the dough here...and me hehe
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March 26, 2014, 10:03:30 PM
 #10019

The only thing that could beat BlackCoin, imho, is a currency that paid interest based on volume transacted, using some algorithm to determine which transactions were truly long-running investments and rewarding those with a higher long-term interest rate (i.e., you start by earning A% per coin per 8 hours, but after a X amount of time determined by the liquidity of the market you top out at B%, some adjustable rate of interest based on an algorithm that determines how tight the money supply should be; holding coins longer than that, it starts to go back down). In the meantime, having a very low fixed rate of interest effectively allows BC to be a carry trade instrument for Mint and other high-yield coins, should prices stabilize after a couple of years. And whatever happens to the other coins, it can remain so.
A coin with a rate of interest adjusted by the transaction volume is a very nice idea.  Maybe, we'll see one eventually.  A currency based on the equation of exchange:
http://en.wikipedia.org/wiki/Equation_of_exchange
with an interest rate algorithm designed to keep prices (roughly) constant would be very appealing.
This "dynamic interest" idea inspired me and I am considering including it in a larger scheme. More on this later (yeah, I like teasing Smiley)

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March 26, 2014, 10:06:48 PM
 #10020

As a little side note, I learned something really interesting about economics by opening the first Bitcoin casino... I learned that people gamble when the currency loses value (or in other words, inflates). It may seem obvious, but it wasn't obvious to me at the beginning. I used to be terrified that Bitcoin would go down because our holdings would lose value. But I realized pretty soon that that's exactly when people gamble their coins.
If you look at the profit on just-dice.com and compare it with the profit at doge-dice.com, you will notice the same trend: doge-dice is more profitable, probably because people care less.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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