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Author Topic: [ANN] BlackCoin (BLK/BC) | PoS | No ICO  (Read 2435871 times)
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August 07, 2017, 04:41:23 AM
 #33601

I’ve released the code of the cryptocurrency I’ve been writing. BlackCoin burning is proposed as a method of initial coin distribution. Some background is available.

Hey that's cool. I don't think we've seen a PoS coin distributed through burning before.  

And to those worrying about burning BLK. It's not the same as selling BLK. Burning a coin means sending it to an inaccessible address from which it will never be retrieved. It just means that those who burn BLK reduce their share of the total coin supply, which increases everyone else's share of the coin supply. Dogecoin has the same mechanic for some of their projects. BLK's market cap won't be affected, if anything the demand for BLK may even grow if people want to get in on this.  

That said, I'm not really sure if a temporary burn distribution is a good way to disperse a coin evenly. I do encourage the experiment though. I'll probably take part in it.  

Also I suggest to consider more names than just 'Ercoin' the 'error coin' or 'burning gives you hot er coin' memes are writing itself right now. This project deserves better.  

If I understand this right, this new coin is replacing Blackcoin?


You would receive and create new Ercoin in exchange for burning Blackcoins, like how Dogeparty tokens were distributed. It's a separate project though, not a replacement.
like XCP , burn some ,not the all
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August 07, 2017, 09:44:13 AM
 #33602

Burning Blackcoin doesn't lower the value of Blackcoin. None of the value is transferred to Ercoin. Ercoin's price still starts at zero marketcap, even after the initial burning phase.   
If anything it will increase the value of Blackcoin because Blackcoin would be the only way to obtain Ercoin.   

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August 07, 2017, 01:58:22 PM
 #33603

 Cry
Burning Blackcoin doesn't lower the value of Blackcoin. None of the value is transferred to Ercoin. Ercoin's price still starts at zero marketcap, even after the initial burning phase.   
If anything it will increase the value of Blackcoin because Blackcoin would be the only way to obtain Ercoin.   
agree with that

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August 07, 2017, 06:27:56 PM
 #33604

Also I suggest to consider more names than just 'Ercoin' the 'error coin' or 'burning gives you hot er coin' memes are writing itself right now. This project deserves better.

The name “Ercoin” is derived from Erlang in which it is written. I don’t recall Erlang being associated with errors due to its name (actually the language with its libraries is appreciated for fault tolerance), though I’m not a native speaker to judge it well. Picking another name can be considered.

I’ve started a separate thread for Ercoin. An IRC channel has also been created: #ercoin on irc.freenode.net.

Ercoin: proof of stake, fair distribution, messages, accounts, flexible fees, original code
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August 07, 2017, 09:13:03 PM
 #33605

Ercoin sounds interesting, thank you all for your replies. BLK seems rather quiet ATM. Hope things pick up...

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August 08, 2017, 01:56:23 AM
 #33606

what's next for blk? keep moving please .come on rat4 ,come on devs
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August 09, 2017, 02:05:19 PM
 #33607

Great News!! Following Blackcoin on Twitter. Here's the latest update.

BlackCoin‏ @CoinBlack 

#Blackcoin is now accepted at http://overstock.com ! $BLK

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August 09, 2017, 02:22:58 PM
 #33608

Why burn BlackCoin at all. Give proportionate ERCOIN and move from there. That way, both coins have a chance in case one goes down!

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August 09, 2017, 04:39:49 PM
 #33609

Why burn BlackCoin at all. Give proportionate ERCOIN and move from there. That way, both coins have a chance in case one goes down!


Current Blackcoin holders would have a disproportionate advantage in the distribution if it were done that way though.


Burning 1 BLK essentially just has a value cost of ~$0.26, whether you currently hold BLK or you exchange any other crypto to burn.
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August 09, 2017, 07:19:59 PM
 #33610

If the coins are freely distributed for each blackcoin then everyone would immediately start selling off their Ercoin creating some huge volatile swings, not to mention it opens a huge door to manipulation (buy BLK, sell Ercoin, sell BLK= Profit).   

Burning BLK for Ercoin means BLK doesn't lose any value and neither does Ercoin. The Ercoin holders would be reluctant to sell their Ercoins for cheaper than the BLK they burned. It means that Ercoin starts with a small but also very solid market cap.   

And as Futileresistance points out, anyone can get in. You don't need to be a long time BLK user to just buy BLK for some Ercoin. 

.....HOQU....
.MARKETING OF THE FUTURE!.






                                              
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August 09, 2017, 11:58:12 PM
 #33611

Any more information available about the segwit announcement on the blackcoin twitter? Just curious. Haven't seen anything about it on here or slack.
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August 10, 2017, 05:47:52 PM
 #33612

Great News!! Following Blackcoin on Twitter. Here's the latest update.

BlackCoin‏ @CoinBlack 

#Blackcoin is now accepted at http://overstock.com ! $BLK


Very nice, that is really good news, hope there are more coming soon Smiley

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August 10, 2017, 07:49:36 PM
 #33613

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?
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August 11, 2017, 02:03:03 AM
 #33614

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?

See where BLK currently stands on segwit & LN back on page 1667 of this thread.

BLK : BDixtCZLWG2M3uTCN1tqXSCu4chXnN5TgH UNO : uZDvh8ZWMN859sksKqkoeUX3trazXro8MH
CDN : CduyH8dMb282mv8XTE2ZDqZ9H4yvnNDKXJ BTC : 17QTs29kJtrowWL7mQ8NKZHSnMiT7QTW7m
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August 11, 2017, 02:49:30 AM
 #33615

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?

See where BLK currently stands on segwit & LN back on page 1667 of this thread.

Here's the announcement from yesterday he's referring to:

https://twitter.com/CoinBlack/status/895401295170883585
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August 11, 2017, 08:49:08 AM
 #33616

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?

See where BLK currently stands on segwit & LN back on page 1667 of this thread.

Here's the announcement from yesterday he's referring to:

https://twitter.com/CoinBlack/status/895401295170883585

am working on a new code, you have to remember there is no central control of Blackcoin
no one can just flip a switch and it is done
new code will have segwit, but activation, signaling, voting, that is on community Smiley
there are other new features which don't need chain changes
even LN can be done that way.. for example Yours https://stories.yours.org/
uses their own lightning protocol without segwit..
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August 11, 2017, 10:32:38 AM
 #33617

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?

See where BLK currently stands on segwit & LN back on page 1667 of this thread.

Here's the announcement from yesterday he's referring to:

https://twitter.com/CoinBlack/status/895401295170883585





LuckyGames dice sites takes BLK too now.!!! BLK to the moon!!!!

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August 12, 2017, 06:35:27 AM
 #33618

BLK/BTC is weak again. Only BLK/CNY looks strong.
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August 12, 2017, 06:42:03 AM
 #33619

Hello, I saw a news that would be activated segwit on blackcoin? Is this appropriate?

See where BLK currently stands on segwit & LN back on page 1667 of this thread.

Here's the announcement from yesterday he's referring to:

https://twitter.com/CoinBlack/status/895401295170883585

am working on a new code, you have to remember there is no central control of Blackcoin
no one can just flip a switch and it is done
new code will have segwit, but activation, signaling, voting, that is on community Smiley
there are other new features which don't need chain changes
even LN can be done that way.. for example Yours https://stories.yours.org/
uses their own lightning protocol without segwit..
look great !
but need more time to create it with pos!

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August 12, 2017, 07:43:02 PM
 #33620

BLK/BTC is weak again. Only BLK/CNY looks strong.

Blackcoin to usd is fairly steady I think.   Bitcoin rose alot and like a seesaw blk adjusts down but it equates to no change in value.       Though the price is falling nominally, its falling on less volume then it rose which is often taken as a positive going forward.  
Last time we had this price was late May and it was viewed negatively but went on to new highs.   There was trend underlying the bottom prices there so was a fair buy.  Not quite as clear on that now but we do have alot of previous price action in this area.   I will add some blk, its good to diversify from btc which is still debating larger blocks I think.   Another cycle for that is normal.

Yea Ive no idea if Im right but if I draw in a trend for closing daily highs of July obviously declining and into August and I think we are above that negative trend now.   Who knows, its hard to say when BTC is the shark in the paddling pool and anything more slight may not count.   Alt coins generally retracting some on btc strength..

Anyhow the 200 day simple moving average is rising, 0.00008390 and the cautious thing would be to buy on a close above that. ie. buy into strength

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