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

[Daedelus]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.

You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.

[1714520421]

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[1714520421]

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[bitcoin carpenter]

You can also look at it this way
Black coin is only a couple of months old and this weekend it got a 5-10million dollar infusion

No other coin has had this type of early interest.
There are now a hell of a lot more people with a lot more to lose
And there is no major bag holders waiting to capitalize.

I'm glad I'm still in though I'm no longer in the top 100
Though now that there is twice as many people playing I'm good with being in the top 200.
Cheers

[Daedelus]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price).

So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them.

This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position.

If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market.

One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions!

If the price drops, they may be getting more coins but they are more likely to reach a point where another coin is more profitable *so they get a higher return by switching*

[dzimbeck]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.

You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.

Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.

[Daedelus]

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?

Who said that is all we have planned? There is so much in the pipeline and we are not letting everything out of the bag because other coins will copy. If everyone would just calm down and  stop thinking that investing is similar to buying a burger at a fast food restaurant we will all be fine.

Nobody did. There is a difference between *stating what is possible* and *releasing the source code*. The first informs people, the second lets others copy. I am asking you to do the former.

I am not here to talk about the price and 'facts'. Does anyone want to follow the discussion above? If not, I'll leave you all to it.

[dzimbeck]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price).

So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them.

This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position.

If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market.

One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions!

If the price drops, they may be getting more coins but they are more likely to reach a point where another coin is more profitable *so they get a higher return by switching*

That makes no sense! Its a multipool! They are not mining Blackcoin directly it cant be mined. Maybe you dont understand what is going on. Blackcoin is 100% proof of stake. No other pool can do what they do unless they copy the idea but Blackcoin was the first to do it. So the blackcoin pool mines the most profitable coin and buys itself. That will always be more profitable in the long run.

[MuffinMaster]

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

+1 .

Guys who bought blackcoin at start are still making profit

I was at the Toronto Bitcoin Expo over the weekend.....I spoke with developers about Blackcoin ATMs launching June 1, 2014.

Fiat to blackcoin baby. There is also rumor that Tim Horton's will be incorporating Coinkite system (which will include blackcoin) in both USA and Canada.

I pray that blackcoin price stays low for the next few months.....I only get paid once per month and I need more blackcoin !!!!

This pump and dump has been good for only one thing, getting people's attention....those who sold at a loss have made a very, very big mistake.

Tim hortans to incorporate coinkite ? jesus fuck that is a huge rumor. Thats like 20k locations instantly

Any possible verifacation on this?

[Daedelus]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price).

So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them.

This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position.

If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market.

One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions!

If the price drops, they may be getting more coins but they are more likely to reach a point where another coin is more profitable *so they get a higher return by switching*

That makes no sense! Its a multipool! They are not mining Blackcoin directly it cant be mined. Maybe you dont understand what is going on. Blackcoin is 100% proof of stake. No other pool can do what they do unless they copy the idea but Blackcoin was the first to do it. So the blackcoin pool mines the most profitable coin and buys itself. That will always be more profitable in the long run.

When was the first blackpool distribution payment? It was launched on the 14th March, is that right?

[eizh]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

HOLD this coin!

Sorry for the bold I just really want to let it sink in proof of stake is far superior to proof of work! This coin can prove it!

This reminds me of the "Occupy Wall Street" days. There were college kids and hobos in the NYC crowd who were trying to make their own "money" and telling each other (and journalists) that if they just collectively BELIEVE in it, it'll have value. And then they can pay off all their college debt and buy big suburban houses!

It didn't work out.

[bitcoin carpenter]

Didn't realize how many Canadians are in here until just now...
Think I'll write an email to Joseph David if cavirtex lists us life becomes much easier for me

[dzimbeck]

Yeah so if they held for one month they would have made 30x their money. If they mined litecoin they would have made 1x

[CryptoBrother]

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[dzimbeck]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

HOLD this coin!

Sorry for the bold I just really want to let it sink in proof of stake is far superior to proof of work! This coin can prove it!

This reminds me of the "Occupy Wall Street" days. There were college kids and hobos in the NYC crowd who were trying to make their own "money" and telling each other (and journalists) that if they just collectively BELIEVE in it, it'll have value. And then they can pay off all their college debt and buy big suburban houses!

It didn't work out.

I said nothing about belief. Why are you trolling? I simply said the miners buy up 100% of the coin in a year at this hash rate. Its math has nothing to do with belief troll.

[publicjud]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

You have missed the fact that each coin you buy pushes the price higher, so the next time you come to buy you get fewer coins (and so have less impact on the price).

So over time, your influence on the price diminishes and at this point miners are more likely to leave to chase the next 'most profitbale coin'. Unless you have some other features to keep them.

This is not entirely true! Because if the price drops, the miner buy even MORE of the coin. So all they have to do is maintain their position.

If the price doubles or triples we can easily see more miners and most importantly at the current price, they will buy the market.

One last point... if the miners bought up 25-50% and held it would cause this price to do a lot more than double. Because there are probably another 25% of the holders taking long positions!

and with the new blackcoin atms being launched this summer as well as Tim Hortons jumping on board, this is gonna be HUGE

Where is this news from?

[Gazza1]

Agreed guys.  The most important thing all you pessimists are forgetting is that this coin is different.  It was pumped and it was dumped yes.  But unlike other coins Blackcoin cannot be mined and isn't getting constantly dumped on by multipools.  We are the multipool and are constantly BUYING blackcoin automatically.  The higher our hashrate the more the demand for blackcoin and higher the price will go.

Get that through your skulls people.

[Daedelus]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.

You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.

Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.

What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?

With the same amount of money, would you be able to buy 200,000 coins tomorrow or more likely to be fewer coins?

And what about the next day?

[gonzoucab]

Agreed guys.  The most important thing all you pessimists are forgetting is that this coin is different.  It was pumped and it was dumped yes.  But unlike other coins Blackcoin cannot be mined and isn't getting constantly dumped on by multipools.  We are the multipool and are constantly BUYING blackcoin automatically.  The higher our hashrate the more the demand for blackcoin and higher the price will go.

Get that through your skulls people.

Downward spiral

The market can stay irrational longer than you can stay solvent, price is going sub 9.000

[dzimbeck]

Guys!! I just realized something very important about dumping this coin!!! Please listen.

PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.

So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.

I want everyone to repost this so that it really sinks in.

Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.

I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!

We should really tell everybody about this fact this is great

i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.

You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.

Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.

What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?

With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?

And what about the next day?

Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better.

[MuffinMaster]

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

+1 .

Guys who bought blackcoin at start are still making profit

I was at the Toronto Bitcoin Expo over the weekend.....I spoke with developers about Blackcoin ATMs launching June 1, 2014.

Fiat to blackcoin baby. There is also rumor that Tim Horton's will be incorporating Coinkite system (which will include blackcoin) in both USA and Canada.

I pray that blackcoin price stays low for the next few months.....I only get paid once per month and I need more blackcoin !!!!

This pump and dump has been good for only one thing, getting people's attention....those who sold at a loss have made a very, very big mistake.

Tim hortans to incorporate coinkite ? jesus fuck that is a huge rumor. Thats like 20k locations instantly

Any possible verifacation on this?

Quoting this in case people missed

[niothor]

What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?

With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?

And what about the next day?

And what will happen in the end? As this obviously can't go forever?