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Author Topic: [PRE-ANN] Blacknet (formerly BlackCoin) | Original research | PoS | No ICO  (Read 2446417 times)
illodin
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February 26, 2014, 02:50:58 PM
 #1541

"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "

Has there ever been another coin than bitcoin where early adopters actually got "rich"? I'm not talking about $100k profits that's not rich.
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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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XbladeX
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February 26, 2014, 02:55:14 PM
 #1542

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

^^^^^^^^^^^
Raging because he didn't get in the first day

YEP! THIS IS PYRAMID SCHEME!

Do you even know what a pyramid scheme is?  

In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?

Same concept in mintcoin, hows that working out?
It's same thing with MINT and any other PoS coin.

Read this topic: https://bitcointalk.org/index.php?topic=366142.0
 Sorry I prefer http://coinmarketcap.com/mint_30.html for my information, not random trolls.
Me too. I started early with MINT, so I think I go with it. At least it's fairer coin than Blackcoin will ever be and has better distribution. All hail scamcoins!
Mint was 1% premined that give devs about 4.5% off all coins - FAIR DISTRIBUTION HAHAHA Cheesy joke ??
because of POS will start early @20 000m and devs own 700m...
Yea fair distribution...
And because devs get their coins for free they can at any time dump their coin like it was with "Panda"
there is huge dangerous...

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Jeezy911
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February 26, 2014, 03:00:57 PM
 #1543

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

^^^^^^^^^^^
Raging because he didn't get in the first day

YEP! THIS IS PYRAMID SCHEME!

Do you even know what a pyramid scheme is?  

In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?

Same concept in mintcoin, hows that working out?
It's same thing with MINT and any other PoS coin.

Read this topic: https://bitcointalk.org/index.php?topic=366142.0
  Sorry I prefer http://coinmarketcap.com/mint_30.html for my information, not random trolls.
Me too. I started early with MINT, so I think I go with it. At least it's fairer coin than Blackcoin will ever be and has better distribution. All hail scamcoins!

MINTCOIN WAS PREMINED lol

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February 26, 2014, 03:01:50 PM
 #1544

In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?

It's like any other new coin where the difficulty sky rocketed shortly after it's launch.

The early miners took a chance on a new coin, and they will be rewarded if they are patient. They risked their mining hours on a new coin that nobody knew what the future would hold. They deserve to be rewarded for that.

Miners who jump in after a coin is proven to be valuable and exchangeable for BTC, will not make out as well as the early adopters as the risk is much lower now that the coin is selling at a BTC value. If the coin ended up being worthless, the early adopters would have wasted their hashing power and lost money. Try to look at it from this point of view.

Also, to what I highlighted in red above, the rates at which this coin is selling in large amounts is very low at the moment, imo. There are a large amount of miners who treat mining any coins purely as a business. They set what they expect their profit to be and that's where they sell their coins. They don't look further into the future than more than a few hours for the most part (that's not their business model).

That is the only reason these coins are still selling very cheap.

This coin is meant to be a POS coin, not POW. This is only the initial distribution, remember that. When POW stops, things will get very interesting.

My prediction is that we'll see a minimum of 5000 satoshis per coin in the days / weeks ahead.


Scryptominers, you're the best. This is why I always mine with you guys. No nonsense, no bullshit. Thank you!

BTC: 1LYHvTrHZM8wgAp4zi1JdfzppujzhVt81r
BlackCoin: B659eXAnAZx2cQbqb9MFxYcq9qZUuh1EdT
Turpomann
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February 26, 2014, 03:02:44 PM
 #1545

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

^^^^^^^^^^^
Raging because he didn't get in the first day

YEP! THIS IS PYRAMID SCHEME!

Do you even know what a pyramid scheme is?  



No, he doesn't. He just listens to people FUD"ing around with pyramide scheme and thinking it's a regular scam.


"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "
+1

Tell the same to BTC owners that they scammed all.
Every man who missed train Cheesy will rage here.
This coin doesn't have pemine !!!!
Free marker is here 0 scam so GTFO.
Noone force you to join the party.
Go cry on NXT forum they were in 100% premined lol and sell premined shares.
Look at 100 richest do you see difference ??
Most fair distribution i have ever seen so far guys.
Look at richest 50+ places have about ~50k of coins.
50k ~ 1BTC... Yea we are all wealth here now.
Biggest wallets belongs to pools and exchanges now...
This coin is more decentralized than BTC for sure and other...
You can join party or you can cry later it is up to you.
Bitcoin is accepted, because it was the first one. What's different with DOGE and BTC? One is scamcoin, but got lot of investors and dirty money behind it, hence it's "accepted" as the crypto currency.  Cheesy

I apologize my rally english. | (COMM) CVHe5HzG61dq7yULUKss9xzYzWzJnenFBN
sevoque
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February 26, 2014, 03:03:47 PM
 #1546

Are people still confused over Prince of Wales and Prince of Sudan?
DrFingol
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February 26, 2014, 03:05:08 PM
 #1547

Are people still confused over Prince of Wales and Prince of Sudan?

Was pretty clear to me. One rules over Wales, the other over Sudan.

BTC: 1LYHvTrHZM8wgAp4zi1JdfzppujzhVt81r
BlackCoin: B659eXAnAZx2cQbqb9MFxYcq9qZUuh1EdT
Miner232432
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February 26, 2014, 03:05:24 PM
 #1548

Are people still confused over Prince of Wales and Prince of Sudan?

I thought it was Prince of Wales & Prince of Scotland ?

I wait Prince of Ireland to join the party though

I am blunt, don't like it ? Too bad
Sparkzor
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February 26, 2014, 03:07:32 PM
 #1549

Are people still confused over Prince of Wales and Prince of Sudan?
I don't think so. My pictures made things pretty clear!
lonely@thetop
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February 26, 2014, 03:11:46 PM
 #1550

Prince of Whales
Turpomann
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February 26, 2014, 03:13:27 PM
 #1551

MINTCOIN WAS PREMINED lol
But, Mintcoin has better graphics.  Wink

I apologize my rally english. | (COMM) CVHe5HzG61dq7yULUKss9xzYzWzJnenFBN
lonely@thetop
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February 26, 2014, 03:14:51 PM
 #1552

MINTCOIN WAS PREMINED lol
But, Mintcoin has better graphics.  Wink

True, we need new logo and a website.

I'm putting 1k BC up for logo bounty.
LancienMaleAlpha
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February 26, 2014, 03:15:11 PM
 #1553

Can I have an answer plz, when will be able to POS?

When the POW stop?

And what is the Maximum supply ?

 Cheesy  Ty my blackos  Cheesy

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CoinBitch
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February 26, 2014, 03:16:33 PM
 #1554

Are people still confused over Prince of Wales and Prince of Sudan?
im still confused, to get only 1% Prince of Sudan Profit in ONE year. I know compound-interests are added, but this will make me rich maybe in 307 years.....
alx0r
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February 26, 2014, 03:20:39 PM
 #1555

Anyone know how to get in touch with someone working with hashfever.com. No one answer to contact form mails Sad
Turpomann
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February 26, 2014, 03:21:37 PM
 #1556

Are people still confused over Prince of Wales and Prince of Sudan?
im still confused, to get only 1% Prince of Sudan Profit in ONE year. I know compound-interests are added, but this will make me rich maybe in 307 years.....
Are you not talking about Idi Amin here or what? The Last King of Scotland?  Cheesy Carry on...

I apologize my rally english. | (COMM) CVHe5HzG61dq7yULUKss9xzYzWzJnenFBN
ezvm
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February 26, 2014, 03:23:47 PM
 #1557



Oh $#%^ he's back for more guys, hide your Blackcoin!


http://www.youtube.com/watch?v=bM828UgEk90

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February 26, 2014, 03:25:45 PM
 #1558

I'm afk for a few days, coincidently i will be back at the same time we hit 10k blocks. I will still be on forums throwing up racial slurs and discussing the prince of Wales/Sudan situation
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February 26, 2014, 03:31:16 PM
 #1559

As has been said a thousand times in this thread it is 1% nominal interest.  That 1% can be compounded as much as every 8 hours.   If you don't understand what compound interest means then go look it up.  If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.  

I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?

Thanks!


look, after a years you can without any big problem use simple interests of 1%.

So, 100k*(1,01)=101k,something...

No, I dont' think that's what artiface said.

uhm...even i you use compound interest, is very little more than 1% per year.

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SCryptoMiners
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February 26, 2014, 03:34:27 PM
 #1560

@scryptominers - Something up? Payouts look like they stopped for a little bit (can't tell how long).

Needed to clear up an error before payouts would resume, all back to normal now Smiley

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