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

[Decentradical]

Zimbeck is talking shit here. I'm in fact him. 

[1715385982]

1715385982

[1715385982]

1715385982

[NapsterAU]

1 BLK = $ 0.051246

Just keep this uptrend going 

[hiddensphinx]

1 BLK = $ 0.051246

Just keep this uptrend going 

1 BLK = $0.0478108 

FEELING POOR ALREADY

[nboy]

1 BLK = $ 0.051246

Just keep this uptrend going  

1 BLK = $0.0478108  

FEELING POOR ALREADY

You'd be feeling rich if you bought when 1 BLK = $0.016 or less through March, April and May.  

Kudos to those of us who kept up those buy walls during those times.  You've already been rewarded!

[nboy]

Coinkite has been busy! Along with other features, they've developed payment processing very well since including BLK on June 1, 2014. They have Tor-enabled pay buttons, custom pay buttons, merchant price adjustment, nyms, automatic forwarding and integration with Shapeshift for instant conversions, too. All this is made available to merchants who accept BLK and use Coinkite for payment processing.

http://cointelegraph.com/news/114707/coinkite-announces-tor-enabled-bitcoin-pay-button

https://coinkite.com/faq/pay

These are advanced payment processing options through Coinkite that are otherwise available only to to BTC or LTC.

It is great news for BLK.

[Decentradical]

Yeah I read that on Facebook and wondered if it would apply to BLK as well.

[Tyke]

Please would the Blackcoin community present their view on this upcoming title:

[fmasta]

Today's a great day.
Reddit, Stupidpal's favorite medium of communication, aka
Censorship made easy for the lazy
is being taken down (by trolls... lol).

This mean freedom of speech for everyone.

Free beer !

Stupidpal : It's people like you who made this shitstorm happen.
You not only banned me. You banned everyone, including yourself
Cheers my friend.

[Decentradical]

The Reddit drama has nothing to do with BLK. Though there's some contingency:
https://voat.co/v/blackcoin

Please would the Blackcoin community present their view on this upcoming title:

If you name it 'Chronicles' or 'Annuals' then you can name it into a series. "Chronicles 2014, Chronicles 2015' etc. Or Chronicles 1, Chronicles 2 etc.

[Tyke]

Who thinks the front cover looks amazing?

[Chase]

Who thinks the front cover looks amazing?

I think the front cover is amazing!  Is this your work?  If it is, congratulations on a fantastic job. 

[Subtuppel]

Who thinks the front cover looks amazing?

yup, looking very good, nice work!

[fmasta]

So what exactly did i do? I am really curious.

and the GUYS? you mean that one mentally unstable obsessed troll who got burned on top of the pump, now hates everything about BLK and keeps spouting out his foul shit for now about a year? If you do not ban such a person you do not need mods or a mod system at all, period.

Oh, and by the way, it wasn't just me. We banned an incredible amount of iirc 6 persons with a combined 11 accounts in 16 months, 2 of them were "mine". only one of them is still bitching around....

The Stupidpel delirium has no end...

What makes Blackcoin or any altcoin better or possibly better in the future than Bitcoin? by Vulcunizer in /r/blackcoin
[–]fmasta 3 points 10 months ago
Because BlackCoin has the best music video which is going to get viral

Project BlackBean: Coffee anyone? by ecochav in /r/blackcoin
[–]fmasta 6 points 8 months ago
Man you'd deserve an article for that, or even a song !
Go and ask McKie to put one on Folkowthecoin ASAP !! Also, don't forget to contact MaxBorgesAgency.
Oh... btw...make sure to put the sources on Github. Your project is going to throw Lavazzo in the Abyss !!!
Another great idea would be to integrate BlackHalo in it. So people can escrow their coffee ! Wooo !!! (and get their money back in case of delivery failure lol).

As you can see... my trollish comments beeing upvoted by fanboys... as always...

Thus, my numerous criticism as always are banned...

I'm sure that's the reason why all possibly worthy people left :
Maarx, africanos, chnchapters, StGnu, vizique ? and so on...

Because everyone who don't agree with SubtuPAOEllen, is getting buyer remorse.
plus I'm sure he was a fyrstikken supporter

I can provide anybody with IRC logs back in march 2014...
proving that all those people who left, were a whole lot worthier than actual
SubtuPAOEllenBouncer and CheerleaderSpamerbul

[sasha35625]

Blackcoin is a proud member of top20 cryptocurrencies Index Coinoindex.com, which can be traded at Poloniex exchange now.

[Subtuppel]

Static POS reward is coming!

thanks to our reddit user blackstat for this informative post!

The latest commit on the POS v3 branch contains a change of the block reward. The coming block reward will not depend on coinage anymore. Instead there will be a constant reward of 1.5 BLK + fees.

A static block reward will have following implications:

• The staking reward will be time dependent. The more you time stake the higher the totall reward. The expected reward will be will proportional to the total balance and the time of staking.
• A static reward leads to a decreasing inflation rate and a decreasing reward rate. (The decline of the inflation and the reward rate is very slow for the chosen parameters. In a previous post I’ve derived a formula for the modification of the block reward as a function of the block height to keep the inflation and the reward rate stable. The correction term was very small such that it differs from the implementation of Rat4 only on the long-term.)
• At the current stage the block reward of 1.5 BLK results in an inflation rate of about 0.95%.
• The change is very good for those who support the blockchain through continuous staking and bad for exchanges with millions of coins who can at the current stage receive rewards of 10,000 BLK and above for 5 minutes of staking.
• The staking rate is at the moment at about 20%. Since in the coming protocol the nearly 1% inflation will be distributed only to the fraction of the shareholders the reward rate will be above 1%. At the current staking rate this means up to nearly 5% expected reward/interest rate for continuous staking! This is a large increase in the incentive of staking.
• It has to be considered now that total reward depends on the number of UTXOs. For example: Someone with 1,000,000 BLK kept in only 1 UTXO will get not more than 4 blocks per day, since the coins have to mature nearly 8 hours. The wallet will by default split the staking transaction into 2 outputs if the UTXO is younger than 8 days and the number will increase over time. But it can take maybe weeks until it is close to the full potential. In general, the more UTXOs one has the more reward one can get since the relative weight consumption is small. On the other hand there is an upper limit which depends on the total balance and the converges to that limit is fast. So one doesn’t have to create unnecessary many UTXOs and overload the staking device. I’ve done the calculation and came up with a formula which tells how many UTXO one need to get arbitrarily close to the optimum (infinity many UTXOs case) given the balance weight. I can write more about that if anyone is interested.

Donations to: BADASSvzgWg5dsowfRzBGNavWggU9tBnJG

[Decentradical]

Soon for blackcoin

How's dem BLK node coming along?

[cidman]

so i got about 5k BLK in my wallet that is synced encrypted and unlocked and been open for about 2 weeks
the lowest mint time i have seen is 110 days and it bounces nonstop from there to about 220 days
is the wallet broken? cuz im about to take my coins and just sell them if it wont mint at all in the next year

[intrader]

Is there any lightweight wallet ? I have blk at paperwallet which take years for me if using wallet Qt to take it sycn

[Subtuppel]

so i got about 5k BLK in my wallet that is synced encrypted and unlocked and been open for about 2 weeks
the lowest mint time i have seen is 110 days and it bounces nonstop from there to about 220 days
is the wallet broken? cuz im about to take my coins and just sell them if it wont mint at all in the next year

That is absolutely not normal. I'd expect the average time until you find a block to be about 2 days (in that range, depends on the total network weight, of course) with 5k BLK. What wallet version do you use?

Is there any lightweight wallet ? I have blk at paperwallet which take years for me if using wallet Qt to take it sycn

There are several webwallets, but as far as i know not even the Coinkite one allows to import keys at the moment. It will speed it up significantly if you use the bootstrap file (up tp block 697k) from our subreddit (link in my sig, button in the upper right of the subreddit. It will still not be lightning fast since BLK used scrypt in the beginning).

Also the sync speed is most likely going to be much much better with the new PoS 3.0 wallet (soon to come, see the progress at github).

[cidman]

so i got about 5k BLK in my wallet that is synced encrypted and unlocked and been open for about 2 weeks
the lowest mint time i have seen is 110 days and it bounces nonstop from there to about 220 days
is the wallet broken? cuz im about to take my coins and just sell them if it wont mint at all in the next year

That is absolutely not normal. I'd expect the average time until you find a block to be about 2 days (in that range, depends on the total network weight, of course) with 5k BLK. What wallet version do you use?

qt wallet 5.3.2 the one from the website blackcoin.co