[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[JamesR1]

Someone push BC down to nearly 9000 before a push was made to prop it up.

A lot of BTC has been spent trying to keep BC from going below 9000

It has been admitted that the price is being artificially held up? That is BAD. PERIOD. People have to buy in at an artificially high price while the people selling right now are making more than they should be (you are helping the person dumping right now, and hindering new investors). Market needs to test real support, not artificial support. What is the true state of the market?

But we don't have to let them get it back to cheap. If they sell out, they are out.

[jsalert]

Someone push BC down to nearly 9000 before a push was made to prop it up.

A lot of BTC has been spent trying to keep BC from going below 9000

It has been admitted that the price is being artificially held up? That is BAD. PERIOD. People have to buy in at an artificially high price while the people selling right now are making more than they should be (you are helping the person dumping right now, and hindering new investors). Market needs to test real support, not artificial support. What is the true state of the market?

There is no such thing.  That wall is money put up as a buy.  Anyone could have sold into it if they had enough to sell to reach it.  His money is a good a the seller putting up his wall for sale. It's all "real".

[johnngbluntzky]

the market is not being "artificially held up". if the orders are there, and they get hit.. it means people are willing to invest at that price.. that is the main definition of a free market. nothing artificial about it.. and even if it was, every single high volume crypto has whales who try to control levels at times.. stocks as well. this is an exchange, with different people with various amounts of money to invest. this is how it works. you are just seeing a bit more transparency here than you are used to.

[hellohellooo]

IconicExpert

I don't know if you realise the sheer hypocrisy of some of the posts you're making on here but a few of them are quite hilarious....

I want to know why is someone pushing the price down artificially

...then in the same breath...

A lot of BTC has been spent trying to keep BC from going below 9000

If anyone's in a position to complain about market manipulation and false walls (i.e. not false in the sense that your prepared to spend the money but false in the sense that it's objective is other than regular investment) you're probably the least qualified. In fact the things you're getting up to are far worse that what the seller is doing that you're so eager to vilify who is probably just a genuine customer making a genuine trade after holding for a while.

What do you think potential investors are going see when they come here ? A coin who's price is kept inflated by parasitic mining of other coins. Holders who are busy manipulating the order book and placing buy walls to try to arrest any genuine price drops that may actually result in other genuine investors being able to enter the market at a level they can afford.

Stop pissing about with the order book in fear and panic and let the price go to where it's going to go based on the genuine advantages the coin has to offer.

You'll do less damage that way and might surprise yourself at the same time.

You have made a number of astute points on this thread, and I frankly am glad to see a bit of genuine thesis-antithesis going on here, as it's necessary for any vital discussion aiming for a valid sense of truth. Otherwise we just end up with cheerleading and preaching-to-the-converted, peppered with the occasional fud-bomb. That said, I'd love to hear an honest disclosure from you about your motivation in posting here. At times you really do seem on a mission. What would you say that mission is?

Regarding the substance of your post: The phrase you have coined, "parasitic mining" is wonderfully sensationalist rhetoric. But it's based on a false premise, and a false analogy. This rhetorical trick supports a dichotomy you have set up, between "genuine" and "artificial", which you then abuse to the point of fallacy. The parasite analogy while colorful does not accurately describe the relationship between our multipool and the coins mined. Nor is there any "artificial" happening here. The multipool is a mechanism by which genuine Blackcoin fans genuinely express their genuine valuation for the coin - and this naturally influences the market as it results in increased demand. It is no different in principle than my selling all the 300 Vertcoins I'd mined over several weeks, to raise cash with which to buy Blackcoin. Do I retroactively become a Vert-parasite? Of course not. The mining pool merely creates a convenient, continuous, intelligent system for the same fundamental transaction, on behalf of a like-minded group.

You completely failed to address the main content of his post, and instead decided to focus on a single phrase used once within it and even went so far as to refer to that as being the "substance of his post". It has been admitted that the market is being manipulated upward. How about people address that, since that is the actual substance of his/her post(s).

[PhattyBanks]

move up dem buy walls

[IconicExpert]

I'm a BC holder trying to protect their investment. I've been in and out of this coin for weeks and happen to be in at this moment in time - no thanks to some of the koolaid drinking hysteria I read on here. Just because I don't go along with prevailing mood of the moment doesn't mean I don't have an interest. I've just done enough of these ventures to know that I'd rather get to the bottom of what I'm really invested in that kid myself I'm on an express train to my own private jet.

I don't mind seeing my investment go down if I know why I'm invested.

In fact I'd rather see it go down for genuine reasons such as profit taking than read reports of blatant price manipulation like the kind of stuff you seem to be getting up to. Doesn't matter what direction it's in.

I have been in this coin early on and never been out. I never sold... You are entitled to your opinion and whatever feelings you may have. However, you not mind seeing your investment go down is not the sentiment of the entire community. You remind me of someone else who posts self fulfilling nonsense and then try to pass it off as for "best interest of the community". I must admit I am getting a bit annoyed by the small group of people here who are very "vocal" but do not contribute anything by helping this coin grow. You and a few others just sit on the sidelines and criticize everything everyone else is doing but do not bring anything to the table. 

[hellohellooo]

Someone push BC down to nearly 9000 before a push was made to prop it up.

A lot of BTC has been spent trying to keep BC from going below 9000

It has been admitted that the price is being artificially held up? That is BAD. PERIOD. People have to buy in at an artificially high price while the people selling right now are making more than they should be (you are helping the person dumping right now, and hindering new investors). Market needs to test real support, not artificial support. What is the true state of the market?

There is no such thing.  That wall is money put up as a buy.  Anyone could have sold into it if they had enough to sell to reach it.  His money is a good a the seller putting up his wall for sale. It's all "real".

the market is not being "artificially held up". if the orders are there, and they get hit.. it means people are willing to invest at that price.. that is the main definition of a free market. nothing artificial about it.. and even if it was, every single high volume crypto has whales who try to control levels at times.. stocks as well. this is an exchange, with different people with various amounts of money to invest. this is how it works. you are just seeing a bit more transparency here than you are used to.

It is not real because there is no intent of actually using it to buy. It is only being placed there to influence other people into buying in front of it.. People are willing to buy at that price because they are tricked into thinking that is the real current price. You are right; it is a very common market manipulation tactic. One to be vary wary of because it indicates there isn’t enough real support to maintain the current level..

The idea that this is better for the market is ludicrous. It is only better for the short-term benefits of those who are already heavily invested in BC. But this makes it a very bad time for new, big, investors to join in if they are smart enough to see what is going on.

[rsx19]

isnt today supposed to be blackmarket wednesday or something?

[johnngbluntzky]

It is not real because there is no intent of actually using it to buy. It is only being placed there to influence other people into buying in front of it.. People are willing to buy at that price because they are tricked into thinking that is the real current price. You are right; it is a very common market manipulation tactic. One to be vary wary of because it indicates there isn’t enough real support to maintain the current level..

The idea that this is better for the market is ludicrous. It is only better for the short-term benefits of those who are already heavily invested in BC. But this makes it a very bad time for new, big, investors to join in if they are smart enough to see what is going on.

you can't make the claim.. you don't know. it hasn't even been tested yet. you have completely discredited your own argument.

now yes.. of course it could be fake, but you are asserting that you "know", when in fact, nothing has been proven yet.

how do we know the 40btc sell wall is real also? we don't. it ain't been hit.

i know you are not new to markets, you talk the talk.. so i assume you know all of this already.

[virtualfaqs]

It is not real because there is no intent of actually using it to buy. It is only being placed there to influence other people into buying in front of it.. People are willing to buy at that price because they are tricked into thinking that is the real current price. You are right; it is a very common market manipulation tactic. One to be vary wary of because it indicates there isn’t enough real support to maintain the current level..

The idea that this is better for the market is ludicrous. It is only better for the short-term benefits of those who are already heavily invested in BC. But this makes it a very bad time for new, big, investors to join in if they are smart enough to see what is going on.

you can't make the claim.. you don't know. it hasn't even been tested yet. you have completely discredited your own argument.

now yes.. of course it could be fake, but you asserting that you "know", when in fact, nothing has been proven yet.

Wouldn't a "smart" investor look at our graphs and see "Hey that's good. Price has gone up. Anything under 10K is good." Then look at charts and see "Massive buy and no slippage!" We issued that press release so new whales would come in so let's wait for one.

[StuartGT]

BC has now leapfrogged Novacoin to 18th Marketcap, slow & steady
http://coinmarketcap.com/

[johnngbluntzky]

Wouldn't a "smart" investor look at our graphs and see "Hey that's good. Price has gone up. Anything under 10K is good." Then look at charts and see "Massive buy and no slippage!" We issued that press release so new whales would come in so let's wait for one.

the retracements getting smaller and smaller heading for a breakout? yes, a smart investor would get in somewhere if not in already. check out the mintpal max chart.

of course, large holders can always throw a screw in these kind of things if they want to.

BC has now leapfrogged Novacoin to 18th Marketcap, slow & steady
http://coinmarketcap.com/

another one bites the dust.

[toknormal]

At times you really do seem on a mission. What would you say that mission is?

I realise that a particular cryptocurrency can be an object of affection for many, but once you've been through a few of them they start to be less so. It also helps to know what the real basis for the valuation is.

I don't have a "mission" as you put it other than to determine what that basis is. In that regard, it's a matter of documented fact that no amount of over enthusiastic promotion and bluster about 'great communities', media exposure and "not going back" has anything other than an ambiguous effect on the price. The reason I might appear "on a mission" to some is because whenever I see that amount of bluster while the basis for the valuation remains unclear, alarm bells go off. I suspect that most people don't actually know what they're investing in, although some might.

If I'm investing in "hype" then fine. It might still go far but as long as I'm aware of it I can make a genuine assessment as to my own valuation. On the other hand if it's more than hype then equally, thats usefull to know. For example Peercoin has a genuinely thought out cryptoeconomic role as a 'backbone' mechanism for large financial transactions with appropriate transaction fees and associated properties to deter small transactions. (I'm not a holder). Darkcoin (potentially) has a trustless anonymous transmission feature which clearly gives it a role - even for holders of other currencies. NxT has a potentially self-sustaining business model in the form of network services which supply 3rd party asset holders.

The fact that holders of a coin "value" it in an affectionate sense is no substitute for such an economic role. There are plenty of POS coins out there that can substitute for Blackcoin. So at the moment I'm thinking that this coin's value is based on the multipool effect and some strong promotion. I'm not saying thats bad, I'm just saying it's *it*.

Regarding the substance of your post: The phrase you have coined, "parasitic mining" is wonderfully sensationalist rhetoric. But it's based on a false premise, and a false analogy. This rhetorical trick supports a dichotomy you have set up, between "genuine" and "artificial", which you then abuse to the point of fallacy. The parasite analogy while colorful does not accurately describe the relationship between our multipool and the coins mined. Nor is there any "artificial" happening here. The multipool is a mechanism by which genuine Blackcoin fans genuinely express their genuine valuation for the coin

I think this is as open to interpretation as any impartial observer sees fit. I agree with your false analogy from the point of view of a Blackcoin holder. But if you were a Kruger or Ruby coin holder, who Coinwarz suggests are the current targets of the multipool, you'd probably go with the "Parasitic" angle.

Actually, I used that word in a very specific context which is that it adds value to the coin which originates outwith the coin's own crypto-economic properties (in contrast to the 3 examples I gave above). In fact it originates in other coins. In that respect it's appropriate - albeit the strategy is perfectly legitimate.

As I say, I don't mind holding and supporting the coin. I just want to be clear about what it is I am holding.

[johnngbluntzky]

i think you could go about it a little differently, your kind of makin an ass of yourself. but hey, if you don't care.. who cares. do your thing homeboy. you must've been on the debate team huh.

[instacalm]

BlackCoin Mac OS X Update v1.0.5.1

—  to be released shortly, fixing dependency bug.

[jamieb81]

Guys, just want to let you know about scamming pool.
Do not trust to them. They haven't paid me at all! 

http://blackcoinminer.com

I see 0 miners mining on that pool

[IconicExpert]

If I'm investing in "hype" then fine. It might still go far but as long as I'm aware of it I can make a genuine assessment as to my own valuation. On the other hand if it's more than hype then equally, thats usefull to know. For example Peercoin has a genuinely thought out cryptoeconomic role as a 'backbone' mechanism for large financial transactions with appropriate transaction fees and associated properties to deter small transactions. (I'm not a holder). Darkcoin (potentially) has a trustless anonymous transmission feature which clearly gives it a role - even for holders of other currencies. NxT has a potentially self-sustaining business model in the form of network services which supply 3rd party asset holders.

I am exhausted reading this literary diarrhea. If you think there are coins with more potential then why are you invested in BC? Besides speculation and pages of useless opinions do you bring anything to this community to help BC grow? Have you donated to any project? What would YOU do next to keep our forward momentum?

[Djinou94]

breaking news !!

my mom has 9k BC 

I was telling about them and she told she want them too lol

Hahaha +1!

lol
Congrats mama

[ExtremeDice]

I have to say i am very impressed with the BC community so far. Keep up the good work!

[toknormal]

I am exhausted reading this literary diarrhea. If you think there are coins with more potential then why are you invested in BC? Besides speculation and pages of useless opinions do you bring anything to this community to help BC grow? Have you donated to any project? What would YOU do next to keep our forward momentum?

I helped BC to grow by buying it LoL. What else to you want potential investors to do ?

For all you know, once the dumps start half the fanatics posting on here will all have scurried and I'll still be here holding because I know what I bought. (From all the over obsessing about the price, thats what it looks like anyway).