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Author Topic: [PRE-ANN] Blacknet (formerly BlackCoin) | Original research | PoS | No ICO  (Read 2445475 times)
Decentradical
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April 25, 2017, 05:57:42 AM
 #33061

Yes I agree. That second spike is way more relevant than the first one. That first spike is quite meaningless as that was when BLK was coming out of it's PoW phase. It was a hike that most alt coins took right after having been formed. BLK had no ICO, no pre-mine or instamine, and yet still that mining phase was a bit too short for my liking (maybe I'm just bitter because I never got to mine it at all, I didn't know BLK existed back then). Still, out of all the PoS coins, BLK enjoyed the fairest distribution of them all.  

BLK has been incredibly low for YEARS, not a fun place to be if you like the devs, like the technology while watching other coins steal BLK's thunder. However, that's  also when traders who speculate on pure technology alone have a chance to catch up after that PoW phase.

On top of that, PoS coins WILL behave differently when they grow big. If staking starts paying your bills it becomes less interesting to dump on new-comers. What you're selling is your dividend (which is essentially what it is) which is a very stable dispersion of coins to newcomers. PoS biggest strength is that it lacks all the miner shenanigans. Something many crypto-fans have been burned on. The point of entry to participate in the network is incredibly low.  

It may also be why BLK genuinely is averse to strong hype. A wide wallet distribution is more important to a PoS coin than to a PoW coin. BLKers want to see stable staking, their point of sale may very well be never.

Quote
Just sifting through most peoples photo albums would be such an epic task it'd be too much work for most to bother with an attack.

Yeah, back in 2014, the Cambrian explosion of alts, many people used to store their wallet in their email. There were people who were able to hack and have a script search for the .dat files that most wallets came in and simply 'harvest' them. You didn't need to know whether people held wallets in their email storage, just trawl through all the emails you have access to and sift for gold. You can't do that with jpg files because everyone has jpg files stored in their email. Especially if you don't know how many keys the Blackhalo wallet address is stored with. Doesn't have to be two, it can be more. You could even find them all and then realise that there's another key stored in a different account you aren't aware of.  

Blackhalo is a bitch to hack. And one of the wallets could even be sitting on someone's exposed drive, staking. Completely invulnerable because the keys could be manifold and anywhere.


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mexicantarget
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April 25, 2017, 09:59:17 AM
 #33062

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?

I am getting a lot of emails/PMs/messages about selling some/any of my websites. I am not able to do that for many reason. So, I you don't get an answer on this specific question, please don't get me wrong.
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April 25, 2017, 10:24:42 AM
 #33063

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?
PayBLK exists, it's in the Android store. You still have control over your own keys.
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April 25, 2017, 10:31:02 AM
 #33064

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?

Blackcoin running on Bitcoin 0.12 syncs so fast Wink.
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April 25, 2017, 12:18:48 PM
 #33065

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?
PayBLK exists, it's in the Android store. You still have control over your own keys.
Holy!

That's awesome! Does it work on desktop too? (Not talking about BlueStack desktop kind of desktop)

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?

Blackcoin running on Bitcoin 0.12 syncs so fast Wink.
Currently I'm on 3G internet and it's kinda expensive to download apps. I'm going to download and check it out when I'm back on my desktop.
Thanks!

I am getting a lot of emails/PMs/messages about selling some/any of my websites. I am not able to do that for many reason. So, I you don't get an answer on this specific question, please don't get me wrong.
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April 25, 2017, 12:23:02 PM
 #33066

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?
PayBLK exists, it's in the Android store. You still have control over your own keys.
Holy!

That's awesome! Does it work on desktop too? (Not talking about BlueStack desktop kind of desktop)

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?

Blackcoin running on Bitcoin 0.12 syncs so fast Wink.
Currently I'm on 3G internet and it's kinda expensive to download apps. I'm going to download and check it out when I'm back on my desktop.
Thanks!
You could use multiblack Smiley
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April 25, 2017, 01:05:27 PM
 #33067

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?
PayBLK exists, it's in the Android store. You still have control over your own keys.
Holy!

That's awesome! Does it work on desktop too? (Not talking about BlueStack desktop kind of desktop)

Would it be possible to have a lite version of the wallet? Downloading this chain is a big heavy Smiley
Something like Electrum?

Blackcoin running on Bitcoin 0.12 syncs so fast Wink.
Currently I'm on 3G internet and it's kinda expensive to download apps. I'm going to download and check it out when I'm back on my desktop.
Thanks!
Yesh, on desktop too! https://payblk.blackcoin.io
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April 25, 2017, 08:56:46 PM
 #33068

Quote
Yesh, on desktop too! https://payblk.blackcoin.io

Beautiful. That's the ease of access people need.

Does it require payblk's service to keep working? Is there a way to retrieve a wallet outside the app?


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April 26, 2017, 07:16:27 AM
 #33069

Quote
Yesh, on desktop too! https://payblk.blackcoin.io

Beautiful. That's the ease of access people need.

Does it require payblk's service to keep working? Is there a way to retrieve a wallet outside the app?
I think it's opensource, so you can always run it yourself. Also, I'm not sure but you might be able to import the seed into multiBLK.

EDIT, According to Janko33 the dev:

payblk private keys can be imported to Qt client
payblk is opensource but needs a server to be able to run..
this tool can compute private keys from your 12 words (edited)
https://github.com/janko33bd/bip39/tree/blackcoin
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April 26, 2017, 07:36:15 PM
 #33070

Oh awesome. Thanks. That would at least give you a way back into the system if the app somehow stops doing it's thing.


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April 29, 2017, 08:05:05 PM
 #33071

Oh, too quiet~
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April 29, 2017, 10:14:11 PM
 #33072

It's just the rising alt tide. Bitcoin keeps fucking itself and people are hedging against it. Though $0.1337 is nice.


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April 30, 2017, 11:33:27 PM
 #33073

Almost 12k sats  Grin
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May 01, 2017, 02:06:58 AM
 #33074

I can't believe I mined these when they first came out. That was like 4 years ago 12000 coins. I sold them the same week lol FML.

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May 01, 2017, 06:46:45 AM
 #33075

I was here back at the IPO also but there was tons of new coins and I didnt mine this particular one unfortunately not that I can remember anyway, I held some afterwards though.  You can always sell and then rebuy even if its higher, I'm trying to change my mindset away from that all or nothing approach.   So long as the prospects are good for a coin then you can profit from buying in the troughs and selling at peaks if you are that kind of person who wants to trade.   Its the overall direction that matters, if its on a good trend up then just being involved with some holding is fine too imo.   Nothing wrong with trading really, free markets have a place in providing free flow of currency and its a positive to have buyers with some optimism when it sells off etc.   It seems to be the case that higher popularity with bitcoin benefits alt coins also as each offers various benefits

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May 01, 2017, 10:02:00 AM
 #33076

Just for clarification, there never was a Blackcoin IPO. IPO's in cryptocurrency are unregulated and very prone to fraud. Learned that the hard way.

There was a few months of PoW mining (which is probably what you are referring to) for a somewhat fair but mostly fast distribution of the coin before changing to PoS. Blackcoin has one of the cleanest starts out there. This matters because there are other PoS coins that have a far more problematic wallet distribution.



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May 01, 2017, 10:18:37 AM
 #33077

I was here back at the IPO also but there was tons of new coins and I didnt mine this particular one unfortunately not that I can remember anyway, I held some afterwards though.  You can always sell and then rebuy even if its higher, I'm trying to change my mindset away from that all or nothing approach.   So long as the prospects are good for a coin then you can profit from buying in the troughs and selling at peaks if you are that kind of person who wants to trade.   Its the overall direction that matters, if its on a good trend up then just being involved with some holding is fine too imo.   Nothing wrong with trading really, free markets have a place in providing free flow of currency and its a positive to have buyers with some optimism when it sells off etc.   It seems to be the case that higher popularity with bitcoin benefits alt coins also as each offers various benefits
What kind of BS is this? lol

BC never had an IPO, it launched the cleanest way possible.

I am getting a lot of emails/PMs/messages about selling some/any of my websites. I am not able to do that for many reason. So, I you don't get an answer on this specific question, please don't get me wrong.
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May 01, 2017, 11:28:39 AM
 #33078

Wasn't in bad faith probably. For some people 'IPO' is synonymous with 'launch', they're also usually not aware of the negative connotations the word IPO has within crypto.  


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May 01, 2017, 12:10:12 PM
 #33079

I can't believe I mined these when they first came out. That was like 4 years ago 12000 coins. I sold them the same week lol FML.

I had 8 280x on black coin the second it launched, I instamined 50,000 in a day and sold them for 750ish usd.  It tanked to 150ish USD, and I was so happy I sold, but then black coin hired a pump group and created a multipool soon after and my 50,000 coins peaked at what would have been over 20,000USD. sigh.
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May 01, 2017, 01:28:22 PM
 #33080

I can't believe I mined these when they first came out. That was like 4 years ago 12000 coins. I sold them the same week lol FML.

I had 8 280x on black coin the second it launched, I instamined 50,000 in a day and sold them for 750ish usd.  It tanked to 150ish USD, and I was so happy I sold, but then black coin hired a pump group and created a multipool soon after and my 50,000 coins peaked at what would have been over 20,000USD. sigh.

Also mined the release with 4x 280x, got around 18k coins but didn't sell the pump peak above 90k satoshi. Still holding on to the same coins and bought even more in February this year. Now that the whole industry is becoming more grown up as a whole, it might even reach that previous 2014 price again, this time in a healthy manor though.

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