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

[MuffinMaster]

hey guys,

Blackcoin seem very interesting, a lot of hard work put behind this project.

I was just wondering, are there any real problems with BC that have caused the massive price crash or was it just the pumper and dumpers?

pretty much just panic buying and panic selling. It went up so much because blackcoin has a very solid platform. The panic selling is rather typical as well for early coins. People not quite willing to hold during a downturn. I get that.

But with blackcoin a "downturn" is still up 200%+ over the last 7 days. It will recover regardless of what people think, and people that hold blackcoin will be the winners.

So many people sold out of blackcoin sub 5k or even sub 10k are out thousands of dollars, but blackcoin continues to chug on.

Love it or hate it, blackcoin trendline is holding like a rock.

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[troiste]

hey guys,

Blackcoin seem very interesting, a lot of hard work put behind this project.

I was just wondering, are there any real problems with BC that have caused the massive price crash or was it just the pumper and dumpers?

Problem is this:

http://agran.net/bc_getbalance.php?top=100

Too many big whales

(I'm actually there in the middle)

AND IM NOT SELLING

http://www.youtube.com/watch?v=ddtfoiaWGqs#t=28

[niothor]

hey guys,

Blackcoin seem very interesting, a lot of hard work put behind this project.

I was just wondering, are there any real problems with BC that have caused the massive price crash or was it just the pumper and dumpers?

Problem is this:

http://agran.net/bc_getbalance.php?top=100

Too many big whales

(I'm actually there in the middle)

So the problem is that you're not on top. I share the pain

[XbladeX]

Why is BC better than PPC?

Why i should invest in BC instead of the father PPC?

PPC has estable prices and also a good potential of growing, also what makes BC different from Mint or ECC?

The answer is: it isn't better, in terms of potential Returns on Investment.

The reason is, contrary to BlackCoin, PeerCoin destroys all transaction fees. This makes the yearly inflation of 1% irrelevant, since the suppy tends to remain the same (not counting with mining).

BlackCoin doesn't destroy transaction fees, so it has more inflation than PPC which means in long term there will be always some correction because of this inflation.

But still, BlackCoin is great coin and 1% inflation / year is nothing.

LOL bro WTF you smoke fee cause inflation

to send 1000 BC you need 1000,0001 BC....
SENDER PAY 0.0001 BC for transfer...
That 0.0001 is from your own pocket.

You DON'T CREATE that 0.0001 BC because of sending BC somewhere...
where you have inflation here i don't get it.

Ach and PPC is centralized look at "Centralized Checkpointing"

Erm... you know what POS means? Means that every year in case of BlackCoin you will get 1% more coins in your wallet (Without doing anything).

Means, the supply is increased, also called inflation

You smoke?

You found out the reason quickly!

I was writing about part with "BlackCoin doesn't destroy transaction fees, so it has more inflation than PPC"

it was looking tx fees couse more inflation and this is bulshit... becouse sender pay fee

Yes it has more inflation than PPC because PPC has more deflation than BlackCoin , too much for your brain? Stop smoking a bit

BUT TRANSACTION FEE don't couse inflation....

Simple:
to be precision PPC 30 day 1% annual stake - so you will get about
BC chance every 8h to hit 1% annual stake

So PPC in every 3 moths(90days):
1   1   0,0025   1,0025
2   1,0025   0,00250625   1,00500625
3   1,00500625   0,002512516   1,007518766
4   1,007518766   0,002518797   1,010037563




Same time BC in days when you luck and hit every day steak:

1   1               2,73973E-05   1,000027397
2   1,000027397    2,7398E-05   1,000054795
...
365   1,010022357   2,76718E-05   1,010050029


0,0001 in one year difference... OMG BIG deal realy ?...

Yea is so "much more" deflationary than BC ... ^^

[troiste]

hey guys,

Blackcoin seem very interesting, a lot of hard work put behind this project.

I was just wondering, are there any real problems with BC that have caused the massive price crash or was it just the pumper and dumpers?

Problem is this:

http://agran.net/bc_getbalance.php?top=100

Too many big whales

(I'm actually there in the middle)

So the problem is that you're not on top. I share the pain

I don't have any problem, with the dump I still hold 1000% ROI, I could dump the coin to zero, but nahhh. See ya in 3 years

[Coinler]

See those round sell numbers? That's a whale trying to exit the market with 1million + coins.

This will take days. And let's hope there's only one.

Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.

I think we're dealing with 2-3 whales on mint and 3+ on Crapsy

I'm expecting the price to settle around 9000-11000 satoshi

Once bids build back up ill bet the whale will dump.  Until then he will keep manipulating the current price

let the whale sell. it's healthy for the coin. responsible whale make spread distribution by selling to many small orders. we want as much of the coins bought off the market as possible. then there's less resistance going up. as it is.. if u look at the sellbooks.. there isnt really any resistance to take it back to 60ksatoshi. we can chalk it up to a short period of doubtful investor confidence and that whale. if everyone is patient, the rebound should be quick once we're done with the whale(s). $125million is chump change amongst the crypt-community.. blackcoin can make do double that market cap by the multipool alone given enough time. but i think if we really want to work together as a community, our duty would be to buy/mine and hold coins off the market in our wallet constantly. that way eventually any whale manipulating the market would lose all his coins as we constantly buy it up to the highs to 1btc=1bc even if at that point we're only selling fractions.

it can be done. it just takes commitment from the community. the larger the community, the faster this goal can be accomplished. very important to remember that quick turnarounds are what slowdown the growth of the coin. which is why i advise uptrading margins by large gaps and not small ones.

[troiste]

Why is BC better than PPC?

Why i should invest in BC instead of the father PPC?

PPC has estable prices and also a good potential of growing, also what makes BC different from Mint or ECC?

The answer is: it isn't better, in terms of potential Returns on Investment.

The reason is, contrary to BlackCoin, PeerCoin destroys all transaction fees. This makes the yearly inflation of 1% irrelevant, since the suppy tends to remain the same (not counting with mining).

BlackCoin doesn't destroy transaction fees, so it has more inflation than PPC which means in long term there will be always some correction because of this inflation.

But still, BlackCoin is great coin and 1% inflation / year is nothing.

LOL bro WTF you smoke fee cause inflation

to send 1000 BC you need 1000,0001 BC....
SENDER PAY 0.0001 BC for transfer...
That 0.0001 is from your own pocket.

You DON'T CREATE that 0.0001 BC because of sending BC somewhere...
where you have inflation here i don't get it.

Ach and PPC is centralized look at "Centralized Checkpointing"

Erm... you know what POS means? Means that every year in case of BlackCoin you will get 1% more coins in your wallet (Without doing anything).

Means, the supply is increased, also called inflation

You smoke?

You found out the reason quickly!

I was writing about part with "BlackCoin doesn't destroy transaction fees, so it has more inflation than PPC"

it was looking tx fees couse more inflation and this is bulshit... becouse sender pay fee

Yes it has more inflation than PPC because PPC has more deflation than BlackCoin , too much for your brain? Stop smoking a bit

BUT TRANSACTION FEE don't couse inflation....

Simple:
to be precision PPC 30 day 1% annual stake - so you will get about
BC chance every 8h to hit 1% annual stake

So PPC in every 3 moths(90days):
1   1   0,0025   1,0025
2   1,0025   0,00250625   1,00500625
3   1,00500625   0,002512516   1,007518766
4   1,007518766   0,002518797   1,010037563




Same time BC in days when you luck and hit every day steak:

1   1               2,73973E-05   1,000027397
2   1,000027397    2,7398E-05   1,000054795
...
365   1,010022357   2,76718E-05   1,010050029


0,0001 in one year difference... OMG BIG deal realy ?...

Yea is so "much more" deflationary than BC ... ^^

You surely don't know how PPC transaction fees work, the PPC transaction fee is fixed... I give you little video for you to learn something:

http://www.youtube.com/watch?v=ZEgj_whkg08

[heartastack]

See those round sell numbers? That's a whale trying to exit the market with 1million + coins.

This will take days. And let's hope there's only one.

Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.

I think we're dealing with 2-3 whales on mint and 3+ on Crapsy

I'm expecting the price to settle around 9000-11000 satoshi

Once bids build back up ill bet the whale will dump.  Until then he will keep manipulating the current price

let the whale sell. it's healthy for the coin. responsible whale make spread distribution by selling to many small orders. we want as much of the coins bought off the market as possible. then there's less resistance going up. as it is.. if u look at the sellbooks.. there isnt really any resistance to take it back to 60ksatoshi. we can chalk it up to a short period of doubtful investor confidence and that whale. if everyone is patient, the rebound should be quick once we're done with the whale(s). $125million is chump change amongst the crypt-community.. blackcoin can make do double that market cap by the multipool alone given enough time. but i think if we really want to work together as a community, our duty would be to buy and hold coins off the market in our wallet constantly. that way eventually any whale manipulating the market would lose all his coins as we constantly buy it up to the highs to 1btc=1bc even if at that point we're only selling fractions.

it can be done. it just takes commitment from the community. the larger the community, the faster this goal can be accomplished. very important to remember that quick turnarounds are what slowdown the growth of the coin. which is why i advise uptrading margins by large gaps and not small ones.

I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.

Prove me wrong though, happy to jump back in if the trend looks good.

[Ownski]

See those round sell numbers? That's a whale trying to exit the market with 1million + coins.

This will take days. And let's hope there's only one.

Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.

I think we're dealing with 2-3 whales on mint and 3+ on Crapsy

I'm expecting the price to settle around 9000-11000 satoshi

Once bids build back up ill bet the whale will dump.  Until then he will keep manipulating the current price

let the whale sell. it's healthy for the coin. responsible whale make spread distribution by selling to many small orders. we want as much of the coins bought off the market as possible. then there's less resistance going up. as it is.. if u look at the sellbooks.. there isnt really any resistance to take it back to 60ksatoshi. we can chalk it up to a short period of doubtful investor confidence and that whale. if everyone is patient, the rebound should be quick once we're done with the whale(s). $125million is chump change amongst the crypt-community.. blackcoin can make do double that market cap by the multipool alone given enough time. but i think if we really want to work together as a community, our duty would be to buy and hold coins off the market in our wallet constantly. that way eventually any whale manipulating the market would lose all his coins as we constantly buy it up to the highs to 1btc=1bc even if at that point we're only selling fractions.

it can be done. it just takes commitment from the community. the larger the community, the faster this goal can be accomplished. very important to remember that quick turnarounds are what slowdown the growth of the coin. which is why i advise uptrading margins by large gaps and not small ones.

I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.

Prove me wrong though, happy to jump back in if the trend looks good.

Pretty much this, its over. By the time the whales are done dumping no one will be interested in the coin. Wish I held some dogecoin, they are gonna get pumped before the halving again..

[IconicExpert]

Media Blitz Thursday

The sky is falling! We are doomed! The end is near! Everyone Panic! Is that what you want to "hear"? Do you want me to lie to you, or do you want me to always be upfront and honest? If you want me to lie, then I am not the man to help promote BC. If you want me to tell you the truth,  then the truth is BlackCoin is not dead and as I have said numerous times this just the beginning. If you want to direct your anger towards me because you bought in above 20000k and now you are angry because there was a sell off, then by all means direct your anger towards me if it makes you feel better. I am on the front lines with the devs and others to help make BlackCoin a household name. I do not get "paid" to be here, nor did I mine millions of coins in the beginning. Some of my coins I mined briefly, but the majority of my coins I purchased like the rest of you. The Devs and I are not magicians and we do not control the price of BC . As I said in a post this morning there will always be sell offs at certain levels, not everyone is in it for the long run.

So lets stop focusing on the past and lets resume what we started a week ago. Many have donated to begin our second media blitz and tomorrow morning we will plaster BlackCoin everywhere we can! Two separate press releases are being written by two different writers so the best one can be selected. I have about a dozen bloggers ready to start plastering BC links all over the net starting tomorrow morning. The devs are hard at work getting BlackCoin accepted everywhere they can, and orders for the BlackCoin card are still coming in. We are planning a huge media event at the end of May, and by June no one will ever question the legitimacy of BlackCoin again!!!

So if the roller coaster ride is too much for you to handle,  and you are scared to hold, then by all means sell off now and buy some MINT. But for the rest of you who have been holding from below 10,000 sat and believe in the people behind BlackCoin, then just ignore the noise. It is the same noise from several weeks ago. Last week if I told you we would be trading above 10,000 sat you would have been overjoyed.


Everything I said I would do I have done. I made a promise I will not sell any of my BC until we are #1 and I meant that!!! We are headed to #1 PERIOD!!!

I've just made a small donation to the cause as I appreciate what you are doing. It's not much but it's a days mining to me - i'm not a bag holder and only been mining for 4 days but i'm sure this coin will be back and i'll get my small investment paid back many times over.

Keep up the good work 

C

Thank you for your contribution and support!

[Daedelus]

As I understand it, Blackcoin is based on Novacoin which is based on Peercoin. It seems every post in here about the price but what is it about Blackcoin that is going to make it more valuable than Peercoin over the next 1-3 years? Or do most see it as a speculation coin/pump and dump?

What makes Blackcoin different? Who are the devs and what do they have in testing?

Sorry if this has been discussed earlier  

Maybe do some studying of your own.  One advantage for me, is the faster transaction times.

How has blackcoin overcome computer the latency? Transactions may be 10 sec but how many confirmations are requried?

Once again, all this information is freely available.  It is 10 confirmations recommended.

This is all I could find to try and answer my initial question in the tech forum http://blackcointalk.com/index.php/topic,1347.0.html

No replies so far.

You can look at the block chain explorer to see what the actual times are, in real time.  http://blocks.blackcoin.pw/chain/BlackCoin

I'll let you guys get back to talking about the price, I'll just keep an eye on here: http://blackcointalk.com/index.php/topic,1347.0.html for answers or some links to appear.

Cheers for your time

What other question do you have?  The dev is rat4.  the block targets are 10 seconds.  the confirmations are 10.  the interest is 1% a year.  The PoS is eligible every 8 hours.

Can another coin copy the source code?  Yes.  What else can I answer for you?

I was interested in the features. Can blackcoin support a decentralised exchange? Can blackcoin anonymise transactions? Can Blackcoin supposrt decentralised DNS? Can it support direct trading between cryptos? for example. Is it more than 'a coin'?

I see someone answered in here: http://blackcointalk.com/index.php/topic,1347.0.html but the answer to "what's stopping another coin from arising with all around improvements that trump that of Blackcoin?" was "good marketing and a portable wallet". Is that going to be enough?

[Subtuppel]

I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.

Prove me wrong though, happy to jump back in if the trend looks good.

1-2 % are the top 10, everybody else is already below 1% with #27 already below 0,5%.
Your math can't be that good if you expect 100 people to have 1-2% of something, regardless if you count the thousand of "smaller holders"

edit: ok, i misread something there, but still i don't think it is as dramatic as you fear.

[omahapoker]

remember BC was 9500 5 days ago. today were at 18720.

[jdebunt]

http://www.cryptoarticles.com/crypto-news/2014/4/16/blackcoins-meet-black-investor-handout-guide

Work the magic people

[heisenberg74]

hey guys,

Blackcoin seem very interesting, a lot of hard work put behind this project.

I was just wondering, are there any real problems with BC that have caused the massive price crash or was it just the pumper and dumpers?

Problem is this:

http://agran.net/bc_getbalance.php?top=100

Too many big whales

(I'm actually there in the middle)

AND IM NOT SELLING

http://www.youtube.com/watch?v=ddtfoiaWGqs#t=28

hey cool !
Is it your website ?

[Coinler]

I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.

Prove me wrong though, happy to jump back in if the trend looks good.

it's too easy with blackcoin i think. the prospects can drive the price up in a heartbeat. for instance.. bitpay acceptance. and other media releases to spark continued interest in use of the coin. once it becomes useful in commerce it's achieved the goal of any cryptocoin. this should be top priority for the coin's longterm success. it will be even more successful than bitcoin because of lower supply, higher security and faster transaction times with a lower fee. not to mention the eco-friendly method of mining.  the writing's on the walls with this one. definitely still a keeper. there is no stronger coin.

[damiano]

See those round sell numbers? That's a whale trying to exit the market with 1million + coins.

This will take days. And let's hope there's only one.

Price stabilising around 20k for a few days will make me bullish if we still have a good mining pool and trading volume. Stay tuned.

I think we're dealing with 2-3 whales on mint and 3+ on Crapsy

I'm expecting the price to settle around 9000-11000 satoshi

Once bids build back up ill bet the whale will dump.  Until then he will keep manipulating the current price

let the whale sell. it's healthy for the coin. responsible whale make spread distribution by selling to many small orders. we want as much of the coins bought off the market as possible. then there's less resistance going up. as it is.. if u look at the sellbooks.. there isnt really any resistance to take it back to 60ksatoshi. we can chalk it up to a short period of doubtful investor confidence and that whale. if everyone is patient, the rebound should be quick once we're done with the whale(s). $125million is chump change amongst the crypt-community.. blackcoin can make do double that market cap by the multipool alone given enough time. but i think if we really want to work together as a community, our duty would be to buy and hold coins off the market in our wallet constantly. that way eventually any whale manipulating the market would lose all his coins as we constantly buy it up to the highs to 1btc=1bc even if at that point we're only selling fractions.

it can be done. it just takes commitment from the community. the larger the community, the faster this goal can be accomplished. very important to remember that quick turnarounds are what slowdown the growth of the coin. which is why i advise uptrading margins by large gaps and not small ones.

I know what you mean mate but don't you get it? There are 100 more whales in blackcoin that can and will do the same thing. This was meant to be fair distribution and now we see the ugly side of even a 1-2% bagholder just sitting there dumping in small amounts so they can exit. When one whale is finished, the price will rise abit and then get pushed down at the next whale's exit point. If there are 20 whales each taking ~3 days to dump then we're looking at at least 3 months of dumping. Volume won't hold that long investors will get bored.

Prove me wrong though, happy to jump back in if the trend looks good.

Tons of whales in the top 100 but seems like most are longterm holders . This market volume isn't due to all of them trading

[heisenberg74]

remember BC was 9500 5 days ago. today were at 18720.

+1 .

Guys who bought blackcoin at start are still making profit

[blade87]

Listen up all! This is the fourth time BC has died now! And because Black Cats have nine lives, that means we've still go at least 5 more before our BC goes to heaven which is located well beyond the moon somewhere outside of the universe!

[gonzoucab]

I try to keep up with the thread. Man, there are soo many pages about what people is holding, what they sold, what they want to buy, blackcoin went up 5sat, blackcoin went down 5sat. I don't see many people asking if there are more ways to make this coin more useful and how to spread the word out about it even more. Which will increase demand + value per BC  

A few days ago i tried to tell the people here to spend some coins for the android-/lightweight-wallet here http://blackcointalk.com/index.php/topic,1268.0.html but nothing happened....

They are waiting for Mint Community to finish it so they can copy.. and thats OK, thats the OpenSource Way

We the Mint Community, are in the final stage of developing it 100% FOSS. Mobile wallet coming soon to POS community thanks to MINT.