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Author Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO  (Read 2473695 times)
Piston Honda
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September 06, 2018, 06:58:25 PM
 #34481

is blacknet the blackest of black coins? 

www.dlsag.com ~ 1ex.trade
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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rat4
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September 06, 2018, 07:14:04 PM
 #34482

is blacknet the blackest of black coins? 

Blacknet BLN is the staking token.
ulissess
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September 06, 2018, 07:58:58 PM
 #34483

hello Rat4,
I read the news:

Quote
Initial Burn Offering

Initial distribution will be proportional to burned BlackCoins, with a bonus for early participants.

For first 4 weeks the bonus is 20%, later it decreases by 2% per week.

The minimum required burnt amount per account is 10 BLK.

Burning starts at 07 Sep 2018 00:00:00 UTC and ends at 14 Dec 2018 00:00:00 UTC (14 weeks).
Instruction

    Download BlackCoin wallet 1.2.5.1
    Use the debug window or CLI to execute following commands.
    blacknetkeypair Save your mnemonic before proceeding further.
    burnwallet pubkey to burn all coins in your wallet or burn n pubkey to burn n coins.

One question.. 1 blackcoin is 1 blacknet + 20%, right?
Blacknet has a supply of 1 000 000 000, blackcoin instead is 77 000 000 .. it doesnt look so convenient
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September 06, 2018, 08:44:28 PM
 #34484

One question.. 1 blackcoin is 1 blacknet + 20%, right?
Blacknet has a supply of 1 000 000 000, blackcoin instead is 77 000 000 .. it doesnt look so convenient

If all 77 000 000 BLK burned with same bonus, then 1 BLK = 12.98701298 BLN
If only 10 000 000 then 1 BLK = 100 BLN
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September 07, 2018, 02:17:12 AM
 #34485

Quote
Initial distribution has started
20% bonus ends in
27 days 21 hours 43 minutes
Next bonus 18%

https://chainz.cryptoid.info/blk/#@inflation
chinaBLK
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September 07, 2018, 04:26:12 AM
Last edit: September 07, 2018, 05:49:33 AM by chinaBLK
 #34486

If all 77 000 000 BLK burned with same bonus, then 1 BLK = 12.98701298 BLN
If only 10 000 000 then 1 BLK = 100 BLN




How do I know if my combustion is successful?

Can I query my BLN through web pages or tools?
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September 07, 2018, 04:46:24 AM
 #34487

 Smiley
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September 07, 2018, 10:18:49 AM
 #34488

https://twitter.com/markblk5/status/1037816036417003521?s=21

How do I know whether to burn when I barely know anything about Blacknet?   Huh

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Paul33
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September 07, 2018, 12:03:26 PM
 #34489

I think best thing too do,is burn some black coin that way you have both black coin and blacknet they’ll probably both go,up in price
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September 07, 2018, 02:01:24 PM
 #34490

How do I know if my combustion is successful?

Can I query my BLN through web pages or tools?

genesis-tool prints list of accepted burns.

Current list
Code:
<block height>,<block time>,<transaction id>,<vout index>,<public key>,<satoshis burnt>
2252351,1536284720,164217b50136499296f0bd75f632f8bf625c84c664f7cfb1317cff2cdf296c9a,1,4251503ef62a7b0bbeb6529935e3b0a383849fb5b94085eeb665121a2faca242,16481003625333
2252487,1536293776,e4e4c9491b8090aa8e24d69d9d9e4b3260b70ec9890fe4fc4fecec655ac90b64,0,bbd6a2eba9e2da6d98116608984eabbb991049e55a76262ffec9f4c3d0abe485,100000000
2252491,1536294080,10afda4b0bbafc0eeed7ae6566f060591e5a91398eaf0f136f0ba2fb035c88ae,1,f9d56654f51d4637de56c4a9d71aab43a2c8c06e82a59db333e9c1304a879497,1000000000
2252498,1536294688,613c93d4f58a75c47d5ba9c029cad2b9b9798dc8b8195e57e50163662599914e,1,bbd6a2eba9e2da6d98116608984eabbb991049e55a76262ffec9f4c3d0abe485,100000000
2252647,1536304448,ca19cbb9b798e1067c73ca899f7c35ec73f99c6cdaaac593f830a6bca3f422ba,0,bf9535d059d3315b4ab44c2b96ae638c4ee8a68273bd2af694cf7a9924bd219f,1000100000000
2252889,1536320528,86882f32305156298425c499e81fc70bbe550a67e7399168b16311947f9421a5,1,ed448fbb209f78b54c0897b98d14efafc52e669ec481e41b4b020379476bcfdb,1000000000
chinaBLK
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September 07, 2018, 04:22:42 PM
 #34491

People are puzzled about the burning time and proportion.


Can I understand this:

round 1,1--4 week,20% : 1000000000*20%=200000000BLN  Evenly distributed to all first round combustion BLK

round 2,5 week,18% : 800000000*18%=144000000BLN   Evenly distributed to all second rounds of combustion BLK

round 3,6 week,16% : 656000000*16%=104960000BLN  Evenly distributed to all three rounds of burning BLK

round 4,7 week,14% : 77145600BLN  Average distribution


---------------Is this understanding correct?

rat4
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September 07, 2018, 05:24:12 PM
 #34492

People are puzzled about the burning time and proportion.


Can I understand this:

round 1,1--4 week,20% : 1000000000*20%=200000000BLN  Evenly distributed to all first round combustion BLK

round 2,5 week,18% : 800000000*18%=144000000BLN   Evenly distributed to all second rounds of combustion BLK

round 3,6 week,16% : 656000000*16%=104960000BLN  Evenly distributed to all three rounds of burning BLK

round 4,7 week,14% : 77145600BLN  Average distribution


---------------Is this understanding correct?

No, it's only one round with all tokens.
chinaBLK
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September 07, 2018, 06:33:53 PM
 #34493

No, it's only one round with all tokens.

20%, 18%. . . Where do these reward funds come from?

How many BLN rewards are there?
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September 07, 2018, 06:51:51 PM
 #34494

looks shady. I am not burning my BLK.

btw.. BLN already exists.

rat4
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September 07, 2018, 08:48:11 PM
 #34495

No, it's only one round with all tokens.

20%, 18%. . . Where do these reward funds come from?

How many BLN rewards are there?

For example,
Alice 10000 BLK with 20% bonus receives 97560975.60972 BLN
Bob   10000 BLK with 10% bonus receives 89430894.30891 BLN
Carol 100000 BLK with 0% bonus receives 813008130.0810 BLN

Nice to see that things are moving forward rat4. I would really like to see some more in depth information though before the burning process starts, maybe a detailled roadmap, further plans for use of the platform etc.

I think it will help people greatly in deciding if or how much BlackCoin people would like to burn.

Launch Smiley
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Transaction bundling https://www.jelurida.com/forging-bundling

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September 07, 2018, 10:20:55 PM
 #34496

How do I know if my combustion is successful?

Can I query my BLN through web pages or tools?

genesis-tool prints list of accepted burns.

Current list
Code:
<block height>,<block time>,<transaction id>,<vout index>,<public key>,<satoshis burnt>
2252351,1536284720,164217b50136499296f0bd75f632f8bf625c84c664f7cfb1317cff2cdf296c9a,1,4251503ef62a7b0bbeb6529935e3b0a383849fb5b94085eeb665121a2faca242,16481003625333
2252487,1536293776,e4e4c9491b8090aa8e24d69d9d9e4b3260b70ec9890fe4fc4fecec655ac90b64,0,bbd6a2eba9e2da6d98116608984eabbb991049e55a76262ffec9f4c3d0abe485,100000000
2252491,1536294080,10afda4b0bbafc0eeed7ae6566f060591e5a91398eaf0f136f0ba2fb035c88ae,1,f9d56654f51d4637de56c4a9d71aab43a2c8c06e82a59db333e9c1304a879497,1000000000
2252498,1536294688,613c93d4f58a75c47d5ba9c029cad2b9b9798dc8b8195e57e50163662599914e,1,bbd6a2eba9e2da6d98116608984eabbb991049e55a76262ffec9f4c3d0abe485,100000000
2252647,1536304448,ca19cbb9b798e1067c73ca899f7c35ec73f99c6cdaaac593f830a6bca3f422ba,0,bf9535d059d3315b4ab44c2b96ae638c4ee8a68273bd2af694cf7a9924bd219f,1000100000000
2252889,1536320528,86882f32305156298425c499e81fc70bbe550a67e7399168b16311947f9421a5,1,ed448fbb209f78b54c0897b98d14efafc52e669ec481e41b4b020379476bcfdb,1000000000

didn't some person burn 10000 BLK last year, why are they not included?  just asking out of curiosity Smiley

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September 07, 2018, 11:24:04 PM
 #34497

looks shady. I am not burning my BLK.

btw.. BLN already exists.



agree
rat4
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September 08, 2018, 10:18:31 AM
 #34498

didn't some person burn 10000 BLK last year, why are they not included?  just asking out of curiosity Smiley

Burn transaction should specify your Blacknet public key, and so burns for other reasons aren't in the list.
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September 08, 2018, 02:35:03 PM
 #34499

didn't some person burn 10000 BLK last year, why are they not included?  just asking out of curiosity Smiley

Burn transaction should specify your Blacknet public key, and so burns for other reasons aren't in the list.
Is there a Burn related tutorial? It doesn't look so simple

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September 08, 2018, 03:22:11 PM
 #34500

Is there a Burn related tutorial? It doesn't look so simple

https://blacknet.ninja/burn.html
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