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

[fiftyseven]

I have a problem/ question

I've haven't run my client in a while so I launched it yesterday vs 1.2.2 windows , I still use windows XP
It updates the blockchain to block 1222985 , says I'm connected and is adding mined coins but I sent coins from my exchange to my home wallet and they do not show up.
I sent coins from my home wallet to the exchange and that did work,  What is going on , please help
thanks

Hey - if you see connections (go to help > debug and check they stay connected) and literally leave your machine for a few hours, it should be syncing. We're at block 1426909 right now so quite a bit to catch up on. I hadn't run my QT client since March and it started syncing but didn't show progress for a little while. As a rough check you could look in Task Manager to see if the CPU is getting used by blackcoin-qt.exe while it syncs.

It's not a great idea to try and send anything until it's synced up fully. You won't lose anything either way. You should be able to fix any non displaying coin issue with a rescan / reindex:

Launch blackcoin-qt.exe from the command prompt when in the directory you put it in with:

blackcoin-qt -rescan -reindex

[1714052677]

1714052677

[1714052677]

1714052677

[igigme77]

Online wallet is released and the price of BLK goes down. Weird...

Buy the rumor sell the news!

[fiftyseven]

Online wallet is released and the price of BLK goes down. Weird...

Buy the rumor sell the news!

LOL noone bought on the rumour either to be fair.

No need for rumours anyway, everything going on is in the slack/reddit. I'm sure when announcements of progress are due, they'll be made.

[Bankrunner]

I have a problem/ question

I've haven't run my client in a while so I launched it yesterday vs 1.2.2 windows , I still use windows XP
It updates the blockchain to block 1222985 , says I'm connected and is adding mined coins but I sent coins from my exchange to my home wallet and they do not show up.
I sent coins from my home wallet to the exchange and that did work,  What is going on , please help
thanks

Hey - if you see connections (go to help > debug and check they stay connected) and literally leave your machine for a few hours, it should be syncing. We're at block 1426909 right now so quite a bit to catch up on. I hadn't run my QT client since March and it started syncing but didn't show progress for a little while. As a rough check you could look in Task Manager to see if the CPU is getting used by blackcoin-qt.exe while it syncs.

It's not a great idea to try and send anything until it's synced up fully. You won't lose anything either way. You should be able to fix any non displaying coin issue with a rescan / reindex:

Launch blackcoin-qt.exe from the command prompt when in the directory you put it in with:

blackcoin-qt -rescan -reindex


I launch it with Peazip, I double click the blackcoin-qt.exe and it starts, there is no place for me to type  -rescan -reindex,   how would I do this?

[fiftyseven]

I launch it with Peazip, I double click the blackcoin-qt.exe and it starts, there is no place for me to type  -rescan -reindex,   how would I do this?

This assumes you're using windows:

Unzip the executable to say, your desktop then run Command Prompt from Start > Programs > Accessories and change directory to your desktop

cd c:\users\yourusername\desktop

where yourusername is the username you log into windows with

Then do the blackcoin-qt.exe -rescan -reindex

[Bankrunner]

I launch it with Peazip, I double click the blackcoin-qt.exe and it starts, there is no place for me to type  -rescan -reindex,   how would I do this?

This assumes you're using windows:

Unzip the executable to say, your desktop then run Command Prompt from Start > Programs > Accessories and change directory to your desktop

cd c:\users\yourusername\desktop

where yourusername is the username you log into windows with

Then do the blackcoin-qt.exe -rescan -reindex

"Unzip the executable"    does this mean extract,  extract all to?   I found the command line it currently says C:\ Documents and settings\ECSI>_

[fiftyseven]

I launch it with Peazip, I double click the blackcoin-qt.exe and it starts, there is no place for me to type  -rescan -reindex,   how would I do this?

This assumes you're using windows:

Unzip the executable to say, your desktop then run Command Prompt from Start > Programs > Accessories and change directory to your desktop

cd c:\users\yourusername\desktop

where yourusername is the username you log into windows with

Then do the blackcoin-qt.exe -rescan -reindex

"Unzip the executable"    does this mean extract,  extract all to?   I found the command line it currently says C:\ Documents and settings\ECSI>_

Yes extract it somewhere and then go to that somewhere using the "cd" command as above.

[Bankrunner]

Yes extract it somewhere and then go to that somewhere using the "cd" command as above.
[/quote]

that didn'y work , I got 2 errors something about cant bind to somthing or other and somthing else

so i tried to open it the old way and that wouldn't connect or do anything

so I backed up the wallet, deleted the 1.2.2 version  redownloaded it
relaunched it the original way out of peazip and now I'm back where I started stuck at block 1222985  but I am connected

obviously im not very tech savoy so type to me as if I were a child

it used to work and now it doesn't, what would cause this?

[fiftyseven]

that didn'y work , I got 2 errors something about cant bind to somthing or other and somthing else

so i tried to open it the old way and that wouldn't connect or do anything

so I backed up the wallet, deleted the 1.2.2 version  redownloaded it
relaunched it the original way out of peazip and now I'm back where I started stuck at block 1222985  but I am connected

obviously im not very tech savoy so type to me as if I were a child

it used to work and now it doesn't, what would cause this?

Ok. Open Windows Explorer and type %appdata% in the bar at the top, press enter then browse to the BlackCoin directory, delete everything in there EXCEPT wallet.dat which is your actual wallet. Keep that, and take a copy of it just in case.

Then open your Blackcoin client the way you're used to. It will sync from scratch, you'll need to wait quite a long time this way (possibly over a couple of days) but ensures you get a completely up to date blockchain record.

If someone reading this knows how to do the bootstrap and can write simple instructions that'd be great.

Once you're up to date, consider using a different version which doesn't need a full blockchain download like PayBlk https://payblk.blackcoin.io or MultiBlack https://multiblack.github.io - all you need to do is write down 12 words to recover your wallet whereever you are with those so are much simpler.

[Bankrunner]

Ok. Open Windows Explorer and type %appdata% in the bar at the top, press enter then browse to the BlackCoin directory, delete everything in there EXCEPT wallet.dat which is your actual wallet. Keep that, and take a copy of it just in case.

Then open your Blackcoin client the way you're used to. It will sync from scratch, you'll need to wait quite a long time this way (possibly over a couple of days) but ensures you get a completely up to date blockchain record.

If someone reading this knows how to do the bootstrap and can write simple instructions that'd be great.

Once you're up to date, consider using a different version which doesn't need a full blockchain download like PayBlk https://payblk.blackcoin.io or MultiBlack https://multiblack.github.io - all you need to do is write down 12 words to recover your wallet whereever you are with those so are much simpler.


[/quote]

I didn't find a "Windows Explorer" so I did a file search of blackcoin and deleted everything that came up except my .dat files

I downloaded the 1.2.2 version again and launched the wallet and it still brought up the same wallet info as before

I noticed in the debug log file is full of orphan blocks


I have about 10,000 coins I'm trying not to see burned here

thanks for any help

[carlo_0000]

i see nowhere what is the annual % interest of pos?
i have blk for couple of month, wallet running fine

and do we need to manual combine the small blocks ?

[bhokor]

i see nowhere what is the annual % interest of pos?
i have blk for couple of month, wallet running fine

and do we need to manual combine the small blocks ?

pos reward is actually 3/2 (1.5) coins, you can check it here https://github.com/CoinBlack/blackcoin/blob/0.11/src/main.cpp#L1266
about the staking, actually there are a lot of competence, if you want to stake you will need some thousands of coin minimun and wait.


In other order of things. What would happen if:

Someone get 2 millions  of blackcoins in a block and stake it, of course it will raise a lot the stake weight, after that what would happen if no one more is staking with so many coins, lets say the next one is staking with only 100.000 coins will the chain get stuck by that?

[dgmon]

In other order of things. What would happen if:

Someone get 2 millions  of blackcoins in a block and stake it, of course it will raise a lot the stake weight, after that what would happen if no one more is staking with so many coins, lets say the next one is staking with only 100.000 coins will the chain get stuck by that?

Do you mean 100,000?  That's a hundred thousand.

[sulfurtank]

Staking difficulty is the central focus of nothing at stake problem that's kicking up again. With that much stake u close the doors for everyone else, and since nobody can run their share to anything on parity with what that person has put to stake, the difficulty just kicks regular prolific stakers out of the loop.

[sulfurtank]

Could that staking king be an exchange? 2 million is a doable amount to keep and stake in a cold wallet of whatever exchange. BLK is largely trading on chinese exchanges, and that amount  can belong to BTC38 or any other chinese exchange.

[janko33]

Could that staking king be an exchange? 2 million is a doable amount to keep and stake in a cold wallet of whatever exchange. BLK is largely trading on chinese exchanges, and that amount  can belong to BTC38 or any other chinese exchange.

btc38 doesn't stake their coins, they would be foolish to do that, you can see reserves of every altcoin they have, the addresses are on the page..
http://www.btc38.com/trade/reserves_en.html and you can confirm looking at the addresses that they don't stake

I see you're looking at old base version 0.11 of Blackcoin
coin count is not considered in nextDificulty target for the next Block, maybe c++ is difficult to comprehend
look here, time is crucial but still modified to pass
https://github.com/janko33bd/bitcoinj/blob/blackcoinjPOS3/core/src/main/java/org/bitcoinj/params/AbstractBitcoinNetParams.java#L117

[fiftyseven]

i see nowhere what is the annual % interest of pos?
i have blk for couple of month, wallet running fine

and do we need to manual combine the small blocks ?

pos reward is actually 3/2 (1.5) coins, you can check it here https://github.com/CoinBlack/blackcoin/blob/0.11/src/main.cpp#L1266
about the staking, actually there are a lot of competence, if you want to stake you will need some thousands of coin minimun and wait.


In other order of things. What would happen if:

Someone get 2 millions  of blackcoins in a block and stake it, of course it will raise a lot the stake weight, after that what would happen if no one more is staking with so many coins, lets say the next one is staking with only 100.000 coins will the chain get stuck by that?

The network stake weight is calculated with a moving window of many blocks, I forget how many, but it means that things remain stable. See this chart for BLK block times and note when PoS v2 came in - you won't get much better than this:
https://bitinfocharts.com/comparison/confirmationtime-blk.html

(edited)

Janko tells me I'm wrong about the moving window now. The network is still like clockwork though!

What would happen then janko if the number of coins being staked varied very quickly from a big to a small number? It's still a lottery right and the block time itself would remain constant?

[janko33]

i see nowhere what is the annual % interest of pos?
i have blk for couple of month, wallet running fine

and do we need to manual combine the small blocks ?

pos reward is actually 3/2 (1.5) coins, you can check it here https://github.com/CoinBlack/blackcoin/blob/0.11/src/main.cpp#L1266
about the staking, actually there are a lot of competence, if you want to stake you will need some thousands of coin minimun and wait.


In other order of things. What would happen if:

Someone get 2 millions  of blackcoins in a block and stake it, of course it will raise a lot the stake weight, after that what would happen if no one more is staking with so many coins, lets say the next one is staking with only 100.000 coins will the chain get stuck by that?

The network stake weight is calculated with a moving window of many blocks, I forget how many, but it means that things remain stable. See this chart for BLK block times and note when PoS v2 came in - you won't get much better than this:
https://bitinfocharts.com/comparison/confirmationtime-blk.html

If you get the stake quickly, earlier than in 15s your stake is orphaned
so more coins you stake more orphans you're likely to get

so to do NAS attack, you have to get the exact time and count of coins staking at that moment +1 ;P
"Network weight is:" displaying in the wallet, is computed from block history, it's an approximation.

[janko33]

i see nowhere what is the annual % interest of pos?
i have blk for couple of month, wallet running fine

and do we need to manual combine the small blocks ?

pos reward is actually 3/2 (1.5) coins, you can check it here https://github.com/CoinBlack/blackcoin/blob/0.11/src/main.cpp#L1266
about the staking, actually there are a lot of competence, if you want to stake you will need some thousands of coin minimun and wait.


In other order of things. What would happen if:

Someone get 2 millions  of blackcoins in a block and stake it, of course it will raise a lot the stake weight, after that what would happen if no one more is staking with so many coins, lets say the next one is staking with only 100.000 coins will the chain get stuck by that?

The network stake weight is calculated with a moving window of many blocks, I forget how many, but it means that things remain stable. See this chart for BLK block times and note when PoS v2 came in - you won't get much better than this:
https://bitinfocharts.com/comparison/confirmationtime-blk.html

(edited)

Janko tells me I'm wrong about the moving window now. The network is still like clockwork though!

What would happen then janko if the number of coins being staked varied very quickly from a big to a small number? It's still a lottery right and the block time itself would remain constant?

I must say community stakes, the variation is sometimes close to 50% and the blocktime is still stable.
the graph you showed proves that.
https://bitinfocharts.com/comparison/confirmationtime-blk.html

don't leave coins on exchange, stake, or help the middle
more people staking creates more pressure on price
and secures network

staking reduces supply, with the same demand,
price will stabilize on higher equilibrium of supply and demand,
when you stake for example 15000 BLK and succeed
you will reduce the supply by 15000BLK and will create 1.5BLK
in 8 hours,

the wallet creates 15001.5 new BLK coins
which cannot be used in next 500 blocks(8 hours)


I like to think about this:
 
Mr Blackcoin want's to follow the middle class,
middle class creates a value, so he orphans some rich kids
but doesn't give much to poor too..

[dzimbeck]

Heads up everyone the update to BlackHalo with cold staking is in my next update.

Last update was to the performance of our decentralized markets and RPC. No major bugs, its been running smoothly for a while the latest update was especially smooth. However I accidentally disabled guarantor contracts in the broadcast phase so avoid those until the next update

Will be sure to post on Reddit when its released. As a bonus I'm allowing miners to cast votes for whatever purpose they deem worthy (decentralized voting).

I rarely post here however I'm very much still a part of BLK

Have a happy Holidays