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

[Stonerboy]

So you think there will be a reset? I dont think so...

[1715108980]

1715108980

[1715108980]

1715108980

[1715108980]

1715108980

[lacrossewacker]

can I send my "stake" to the exchanges to sell??

If I try to send, everything exceeds my balance

[neilh]

So you think there will be a reset? I dont think so...

I have no idea, if not great because any paid votes will count
for next round, but will be hard to beat Maza this time so I'm
waiting for the moment!

[Hampuz]

BlackCoin Voting

BTC38: https://bitcointalk.org/index.php?topic=501963.0
BTER: https://bitcointalk.org/index.php?topic=502363.0
Bittrex: https://bitcointalk.org/index.php?topic=497351.0
Cryptsy: https://www.cryptsy.com/coinvotes/

 

Quote it 'til the end of time!

[fullhdpixel]

BlackCoin Voting

BTC38: https://bitcointalk.org/index.php?topic=501963.0
BTER: https://bitcointalk.org/index.php?topic=502363.0
Bittrex: https://bitcointalk.org/index.php?topic=497351.0
Cryptsy: https://www.cryptsy.com/coinvotes/

 

Quote it 'til the end of time!

Lets make a wormhole!

[ski92]

BlackCoin Voting

BTC38: https://bitcointalk.org/index.php?topic=501963.0
BTER: https://bitcointalk.org/index.php?topic=502363.0
Bittrex: https://bitcointalk.org/index.php?topic=497351.0
Cryptsy: https://www.cryptsy.com/coinvotes/

 

Quote it 'til the end of time!

Lets make a wormhole!

+1

We need more votes!

[HerpThyrun]

BlackCoin Voting

BTC38: https://bitcointalk.org/index.php?topic=501963.0
BTER: https://bitcointalk.org/index.php?topic=502363.0
Bittrex: https://bitcointalk.org/index.php?topic=497351.0
Cryptsy: https://www.cryptsy.com/coinvotes/

 

Quote it 'til the end of time!

Lets make a wormhole!

+1

To the infinity and beyond!

[drakoin]

You have a couple misunderstandings of how this works. Let me make it a bit clearer, as your questions are fairly common: First of all no, you do not need to be running your wallet continuously 24/7. You could unlock it for minting once once a month, collect your interest based on the age-weight of your stake, and close the wallet. Note that unlocking is a 'mint-only' command, meaning transfers out from your wallet will still require a password. Just encrypt the wallet, open it when you wish, sync, unlock and stake for a few hours, collect interest. It's that simple. The only advantage to frequent or constant minting is that the tiny amounts mature and become viable for stake themselves - hence compounding of interest. Hope that helps clarify.

thanks, yes that clarified a lot for me.

(*) something like that explanation should become part of the wallet client!  Took quite some time to find this info.

more questions:

(*) now I have unlocked the wallet, with

Code:

walletpassphrase PASSWORD 9999999999 true

Does it need to be renewed when I close and reopen the wallet? Is there a chance to make that persistent?


* Before I didn't use that command, but the wallet was not encrypted. Still, no Stake incoming, for ONE WEEK now!
So the 7 days in which my wallet contained coins are useless, just because it wasn't encrypted?


* You should consider to make the stake earning completely automatic. Or have a button press solution (like with the mining tab in some qt-clients).


I guess the price for BC also fell so much, because some people were simply disappointed that their balance didn't increase at all.  

* Is it really only 1% per year?   I could have made so much more, just by selling my BC in the right moment :-(


I am keeping all of my BC still, I really want to see this working.

[brightlight]

what is wrong with those guys, who sells so low. Ridiculous!

[neilh]

what is wrong with those guys, who sells so low. Ridiculous!

Yep!

What to people think about tweaking the interest rate?


drakoin RE: Is it really only 1% per year?   I could have made so much more, just by selling my BC in the right moment :-(

This is something I was going to post, but decided to wait until we get on cryptsy
and see how that plays out.

But as drakoin as now mentioned it, with a small 1% it does not give many incentive
to stake in their wallet.

Example from my 70k earned 0.58268149

Take HoboNickels which stake 2% every 10 days, and look at the price on cryptsy!

Read tokyoghetto's great post here https://bitcointalk.org/index.php?topic=406112.0
and see the kind of stake made with HBN.

Could we tweak the interest for the first year to give people more of an incentive
to keep them and not dump when they see a small short term profit. Like the last
day or so, with sub 600 sat prices, and today rising to 800 and watching 700k sold
off.

What does everyone think?

[brightlight]

I think that PoS interest raise will influence market move in a small increment.

This coin is for those, who are investing at long term.

[XbladeX]

what is wrong with those guys, who sells so low. Ridiculous!

......
off.

What does everyone think?

This game with low inflation is a bit illusion.
Just imagine that you are in place of time when you put all LTC on market in 10 days what will happened ?
No imagine that LTC=BC... We have similar situation.
Of course price drop at beginning market need time to absorb that amount you see how hard is keep price of BTC/LTC they can crash hard.
Just bad news no one want buy new BTC/LTC price falling also people are sell in panic.
when money are not flowing into exchanges those coins have trouble.

...
Almost all of those "shit coins" will lose value over time to BC or BTC why ?
While now you need 0.005 BTC daily to keep price of BC if noone sell it below certain price price wont go down unless someone really need money.
High % rate is illusion ofcousre you will get more coins but they will lose value overtime 20%...
1% inflation needs 0,005 BTC day to keep price POS system
20% inflation needs 0.1 BTC day to keep price POS system
Now POW systems look: 650 NEW BTC day no new $ on market price is tanking
Now POW Doge look it needs ~250 BTC/day to eat all Doge no BTC price go down...
Multipools and GPU farms don't wait to get better times.

Sec i will write about HBN.

[Jabulon]

You have a couple misunderstandings of how this works. Let me make it a bit clearer, as your questions are fairly common: First of all no, you do not need to be running your wallet continuously 24/7. You could unlock it for minting once once a month, collect your interest based on the age-weight of your stake, and close the wallet. Note that unlocking is a 'mint-only' command, meaning transfers out from your wallet will still require a password. Just encrypt the wallet, open it when you wish, sync, unlock and stake for a few hours, collect interest. It's that simple. The only advantage to frequent or constant minting is that the tiny amounts mature and become viable for stake themselves - hence compounding of interest. Hope that helps clarify.

thanks, yes that clarified a lot for me.

(*) something like that explanation should become part of the wallet client!  Took quite some time to find this info.

more questions:

(*) now I have unlocked the wallet, with

Code:

walletpassphrase PASSWORD 9999999999 true

Does it need to be renewed when I close and reopen the wallet? Is there a chance to make that persistent?


* Before I didn't use that command, but the wallet was not encrypted. Still, no Stake incoming, for ONE WEEK now!
So the 7 days in which my wallet contained coins are useless, just because it wasn't encrypted?


* You should consider to make the stake earning completely automatic. Or have a button press solution (like with the mining tab in some qt-clients).


I guess the price for BC also fell so much, because some people were simply disappointed that their balance didn't increase at all.  

* Is it really only 1% per year?   I could have made so much more, just by selling my BC in the right moment :-(


I am keeping all of my BC still, I really want to see this working.

No problem, glad to help. Don't worry about the period where you did not get a stake. When they do stake, the payout on coins owned will reflect the age weight from day-one of when they landed in your wallet, or since whenever they last staked. On your other question, yes, the wallet locks again on closing and you need to re-enter the command. I would not recommend leaving your wallet open perpetually in the un-locked state. I need to go back and re-confirm this, but I may have been mistaken that it is a mint-only command - this means coins may indeed be able to be sent from your wallet WITHOUT re-entry of your password! Some PoS clients include a separate program purely for staking, but as of the present release ours does not. Therefore, please exercise caution and certainly do not leave your wallet unlocked and unattended on an ongoing basis. And don't forget to delete your unlock command from console history after unlocking - I've said this before and gladly repeat it.

[Soepkip]

Community Bounty Drive UPDATE

Total Donations Now: 68000.

Bounty Update:

We got a Reddit tip bot! Test it out over at our subreddit (www.reddit.com/r/bccoin).

We have updated other Bounties with more BC for your work!
More is in the works!

Website:
A professional design based on the logo on the current website. Must be a template for Wordpress - 4000 BC
This way moving to the new site will be easy and it'll also stay easy to keep the site up to date.
This one is not on a first come-first served basis. The best one wins.

Games:

First Dice site - 7500 BC
First Gambling Site - 7800 BC

Translations:

Translate the OP Post, including posting it in the subsequent BitcoinTalk forum:

German Translation - 400 BC

Graphics:

Professional grade YouTube video - 2000 BC

All graphics must be based on the logo in the op post.

Merchants:

First Goods Merchant - 10000 BC
First Service Merchant - 5000 BC

Other:

Articles about BlackCoin on websites with a minimum of 100 visitors a day - 500 BC (Limit: 8 )
#1 - http://altcoinauthority.com/2014/02/blackcoin-pos-on-steroids/ - 500 BC - SENT
#2 - http://www.cryptoarticles.com/crypto-news/2014/2/26/blackcoin-powpos-hybrid-with-bright-future - 500 BC - SENT
#3 - http://bitbillions.net/2014/03/04/alt-currencies-introducing-black-coin/ - 500 BC SENT

Also have #3 500BC for give aways

Bounties Claimed:
Chinese translation - 400 BC - hdzw
Spanish translation - 400 BC - rest0r
French translation - 400 BC - Aknoth
Dutch translation - 400 BC - Troj
Polish translation - 400 BC - skarto
Russian translation - 400 BC
A detailed guide (including screenshots) on how to unlock your wallet and receive PoS. - 500 BC - Bobaf3tt
Game (ARCADE) site - 1000 BC - jayguar
BlackCoin Accepted Here buttons & Designs for 'Download Client' Buttons - 500 BC - rocketcoins
Dedicated BlackCoin Forum - 2000 BC - theneos
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Scratch Game - 4000 BC - virtualdn - Also loaded up the card with 500 BC!
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Donations can go here:
BAsdtYwvu3a1ErmY7GxWM5squAJnwBJM1c

WE COULD USE MORE DONATIONS FOR MORE INCENTIVE!

[Hampuz]

So who is up for adding to a 2btc bounty (pref kept by Soepkip) to send to cryptsy votes, 10K votes off the bat like that could make a good statement

[XbladeX]

HBN is easy now to keep price just because they started with low amount on market but it will rise and how look
________________________________________
Look wee will look in 10 days periods with HBN:
2.5min HBN existed in January / now 3.27
(TODAY 3.2) >http://162.217.249.198:1080 / "good advice investor amout 2.5m in january" https://bitcointalk.org/index.php?topic=406112.0

I will start from 2.5m

2 500 000 * 2% = 50000 HBN every 10 days
+POW 5*0,5*60*24*10=36000 HBN 10 days

50000+36000 = 86 000 new coins / 10day >8,600/day
8600 Day * 0.00019136 = 16.4 BTC day Oo ( BC same time 0,005)

_________________

In year you have 365 Days so it will be 36*2%(every 10days) it will be over flat 100% year inflation + POW coins 365*3 600 = 1,3 m
(will be more POW+POS mix will do job) so you can count 250% HBN inflation this year ....
End every next 100%+
Do you want invest more in HBN ?
In short time is perfect in long run i don't suggest you to do that.
_________________

In beginning it looks perfect low amount of starting HBN money needed low amounts of BTC to maintain price.
All were happy and get big +income in thirsts months.
Today they need 16.4 BTC to keep price
Next year same time about ~37BTC...
2nd year ~80 BTC
Gues what will happened when they don't get those BTC ? same what with Doge,LTC,... ramp down.
Which market can eat 100%+ inflation EVERY YEAR.
I don't know how long party with HBN will be continued but for sure it is limited time only IMO...
When some investors realize that "no one" want join party and BTC river run out they all will be deep in shit

Remember BC is 1st POW>full POS on crypto no one really know what will be price of BC in long therm but i have good feeling
that is why i am in.

So who is up for adding to a 2btc bounty (pref kept by Soepkip) to send to cryptsy votes, 10K votes off the bat like that could make a good statement

I don't want join Cryptsy now we should get cool web, 1st some market then go with out it we will be another coin around.
BTW i want buy many low today.

[neilh]

Thanks XbladeX for explaining how good BlackCoin is now and for the future! 

[slavo]

I bought too high because i was sleeping during the first big down so my avg buy might be around 2500, and i'm not worried because of the 1% interest, i'd be worried if it goes more than 5%, but would not be against raising it to 3-5 first year to increase incentive for early buyers to keep their coins.

[LIghtvelocityCoin]

In BC we trust.

[Jabulon]

Do people not understand how raising PoS % would COMPLETELY DISCREDIT Blackcoin? If a coin can at any moment have it's features manipulated in this way there is significant damage to it as an asset, and its reputation as reliable currency. It is equivalent to share-dilution of a company's stock. If you want 60 million coins, go mine some shitcoin with a block reward of 1mil and diff of 2 and enjoy your worthless play-money.