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

[futileresistance]

how much is the yearly pos rate for this coin?
it says 1.5 blk coin but per how much days?

Inflation is a little under 1%, interest rate is about 6% at the moment.

[1713984793]

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[1713984793]

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[1713984793]

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[1713984793]

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[hacksmash]

how much is the yearly pos rate for this coin?
it says 1.5 blk coin but per how much days?

In my experience: 1.5blk reward when staking 2500blk every 2-4 days
occasionally oddball rewards like 1.5402blk show up but I am not sure why that happens.

[futileresistance]

how much is the yearly pos rate for this coin?
it says 1.5 blk coin but per how much days?

In my experience: 1.5blk reward when staking 2500blk every 2-4 days
occasionally oddball rewards like 1.5402blk show up but I am not sure why that happens.

The additional reward is from transaction fees.

[STT]

There are transaction fees for BLK so you receive some of those I imagine.    

I did a new copy of BLK Lore & resetup all my files and its working on a very ancient laptop with vista.   Its 32bit so I used the correct .exe and it was able to see peers and update and show new transactions.    It didnt stake for some reason, wasnt clear why left it a while and it showed as fine in bottom right but didnt stake beyond that.   So as suggested I did the -reindex command which takes like 20 hours I think.    Showed some immature coins but its cleared them all now

Its staked anyway so I presume thats all good.   The local Lore shows a slightly different balance to the explorer copy.  Im not sure why exactly and the recent transaction matches, its not a large amount but just mentioning it in case it matters.
 On explorer I can spot 2 transactions in April where explorer states amounts sent 30% more then the wallet shows, so if repeated that'd do it.    I found one to be to bittrex and Bittrex ledger agrees with the local Lore amount, so its explorer which is at fault.  Case solved    

https://chainz.cryptoid.info/blk

Crypto has a negative drift to its pricing is how I describe it currently, negative decline for sure but still my guess is its best to accumulate when speculators sell without good reason though fundamentals are more important then shapes on charts. 

[futileresistance]

There are transaction fees for BLK so you receive some of those I imagine.    

I did a new copy of BLK Lore & resetup all my files and its working on a very ancient laptop with vista.   Its 32bit so I used the correct .exe and it was able to see peers and update and show new transactions.    It didnt stake for some reason, wasnt clear why left it a while and it showed as fine in bottom right but didnt stake beyond that.   So as suggested I did the -reindex command which takes like 20 hours I think.    Showed some immature coins but its cleared them all now

Its staked anyway so I presume thats all good.   The local Lore shows a slightly different balance to the explorer copy.  Im not sure why exactly and the recent transaction matches, its not a large amount but just mentioning it in case it matters.
 On explorer I can spot 2 transactions in April where explorer states amounts sent 30% more then the wallet shows, so if repeated that'd do it.    I found one to be to bittrex and Bittrex ledger agrees with the local Lore amount, so its explorer which is at fault.  Case solved    

The version of Lore on blackcoin.co hasn't been updated with the balance fix yet for some reason. Once you get the bug fix it'll show the correct balance again.

[janko33]

There are transaction fees for BLK so you receive some of those I imagine.    

I did a new copy of BLK Lore & resetup all my files and its working on a very ancient laptop with vista.   Its 32bit so I used the correct .exe and it was able to see peers and update and show new transactions.    It didnt stake for some reason, wasnt clear why left it a while and it showed as fine in bottom right but didnt stake beyond that.   So as suggested I did the -reindex command which takes like 20 hours I think.    Showed some immature coins but its cleared them all now

Its staked anyway so I presume thats all good.   The local Lore shows a slightly different balance to the explorer copy.  Im not sure why exactly and the recent transaction matches, its not a large amount but just mentioning it in case it matters.
 On explorer I can spot 2 transactions in April where explorer states amounts sent 30% more then the wallet shows, so if repeated that'd do it.    I found one to be to bittrex and Bittrex ledger agrees with the local Lore amount, so its explorer which is at fault.  Case solved    

The version of Lore on blackcoin.co hasn't been updated with the balance fix yet for some reason. Once you get the bug fix it'll show the correct balance again.

They are up to date, latest update should have version: v2.12.1.0-3278c5c

[fonzerrellie]

how much is the yearly pos rate for this coin?
it says 1.5 blk coin but per how much days?

Inflation is a little under 1%, interest rate is about 6% at the moment.

I for some reason thought BLK was 20%   but it says it's 1.5 BLK per block, so it's not 6%

It's based on network weight, you earn weight over time x the amount of coins, so even a smaller chunk of coins will eventually earn enough weight to find a block and get the 1.5 + tx fees but larger wallets will find them much more often.

[futileresistance]

how much is the yearly pos rate for this coin?
it says 1.5 blk coin but per how much days?

Inflation is a little under 1%, interest rate is about 6% at the moment.

I for some reason thought BLK was 20%  but it says it's 1.5 BLK per block, so it's not 6%

It's based on network weight, you earn weight over time x the amount of coins, so even a smaller chunk of coins will eventually earn enough weight to find a block and get the 1.5 + tx fees but larger wallets will find them much more often.

Coin age was removed from blackcoin, time no longer has a relationship with coin weight.

With coin age removed, if 1/5th the coins on the network are being used to stake then stakers receive 5 times the rewards, and non-stakers receive no rewards. It also means you have to be staking 100% of the time to gain the maximum rewards.

You can approximately calculate the interest rate by taking the total coin count (76,251,077 blk), dividing by the current network weight (9,270,355), and multiplying the result by the inflation rate (0.01). At the moment that gives you 8.22%, however network weight tends to fluctuate between 9 million and 16 million, and roughly averages it out to a 6% interest rate.

That means if you have 10,000 blk you'll roughly get 600 coins per year, or 400 blocks, or a bit more than 1 block per day.

[MisterMerci]

[zuepfi11]

First buy of BlackCoin today for me ITS REALLY REALLY FAST, actually I own 10 cryptos like Burst, Vertcoin, Namecoin, Peercoin, Expanse... and Blackcoin is the fastest of them all, its really cool to use everyday, it takes no time to send and receive money, KEEP ON 

yes, BLK is the best

[16888253]

First buy of BlackCoin today for me ITS REALLY REALLY FAST, actually I own 10 cryptos like Burst, Vertcoin, Namecoin, Peercoin, Expanse... and Blackcoin is the fastest of them all, its really cool to use everyday, it takes no time to send and receive money, KEEP ON 

Yes , i love to use blackcoin too .

[Decentradical]

Some coins have 20% stake inflation, knock-off coins. It means that there are stakers who get 30-60% dividends on their staking. Good for them but all of that value is coming from people who aren't staking, mainly traders. It makes a coin unusable. 

Blackcoin has 0.97% yearly inflation. Which currently results in about 5% dividends. It doesn't punish people who don't stake, it means it can be freely used and traded without seeing your capital depreciate. Yet the staking reward is strong enough to be a very attractive coin to hold and speculate long term on. 

The thing to take away here is that protocol means something. Every parameter needs to be taken seriously and Blackcoin has them all balanced out properly. 

[futileresistance]

Some coins have 20% stake inflation, knock-off coins. It means that there are stakers who get 30-60% dividends on their staking. Good for them but all of that value is coming from people who aren't staking, mainly traders. It makes a coin unusable.  

Blackcoin has 0.97% yearly inflation. Which currently results in about 5% dividends. It doesn't punish people who don't stake, it means it can be freely used and traded without seeing your capital depreciate. Yet the staking reward is strong enough to be a very attractive coin to hold and speculate long term on.  

The thing to take away here is that protocol means something. Every parameter needs to be taken seriously and Blackcoin has them all balanced out properly.  

In a more mature and rational market you may also have to take into account the Relative Purchasing Power Parity for the inflation rates of competing currencies like the USD or Bitcoin.

So, if all else remains the same in a market (no userbase growth for example), Blackcoin might be expected to appreciate vs the USD by 2% and depreciate against Bitcoin by 1% (after it reaches 0% inflation).

Real returns would be 4% with 5% interest and 1% inflation if looking at Blackcoin in isolation. But when comparing to the USD would be 7.1% gain per year, taking into account USD inflation of 3%. It would only be 3.95% gain vs Bitcoin.

We're years away from the market reaching maturity though.

[BigWait]

but new guy buy blk, have not mined cheap blk 
if everyone hold bags ,people hard to buy ...

[futileresistance]

but new guy buy blk, have not mined cheap blk 
if everyone hold bags ,people hard to buy ...

The nice part about cryptocurrencies being extremely divisible is even if very few coins are on the market it shouldn't effect the ability of people to buy whatever quantities they want. We've seen that with Bitcoin, people are happy enough to transact in "bits" and other sub-denominations.

[Decentradical]

If you buy a pow coin the miners will guaranteed dump constantly on the holders. That's why pos rules. 

[futileresistance]

If you buy a pow coin the miners will guaranteed dump constantly on the holders. That's why pos rules. 

We saw in 2014 that the opposite is possible in PoS with the blackcoin multipool too. People can mine PoW, dump it, trade to PoS and create a constant upward pressure on the price. If enough people cooperate in this way the effect is pretty astonishing.

[Zer00CooL]

BlackCoin (BLK/BC)

French user need help, create a good tutorial in french. Can you read and help, please ?

Official way

1) v1.2.4.tar.gz
Télécharger : https://github.com/CoinBlack/blackcoin/archive/v1.2.4.tar.gz
Compiler avec qmake et make.
Blackcoin est installé.
Blackcoin-qt fonctionne.
Résolu.
Work Good.


2) blackcoin-1.2.4-linux.zip
Télécharger le portefeuille en mode graphique depuis le lien suivant : https://github.com/CoinBlack/blackcoin/files/887665/blackcoin-1.2.4-linux.zip
Je ne comprend pas pourquoi ce portefeuille est plus lourd que celui généré dans le dossier lors de la compilation précédente.
Je n'arrive pas à l'utiliser, je n'arrive pas à le lancer.
NON Résolu.
NOT WORK.
HOW TO USE IT ?


3) blackcoin-qt.asc
How use the file .asc ?
Comment utiliser le fichier blackcoin-qt.asc ?


Old way ?

This repository are OK or NOT OK ?
Trouver le Git de la monnaie, puis, de lancer les commandes adaptées : https://github.com/CoinBlack/blackcoin

# Sous Debian 8.7.1 Jessie
apt-get update -y
apt-get upgrade -y
apt-get dist-upgrade -y
apt-get install build-essential libssl-dev libboost-all-dev libdb5.3 libdb5.3-dev libdb5.3++-dev libtool
apt-get install git ntp make g++ gcc autoconf cpp ngrep iftop sysstat autotools-dev pkg-config
apt-get install libqt5gui5 libqt5core5a libqt5dbus5 qttools5-dev qttools5-dev-tools libprotobuf-dev protobuf-compiler libqrencode-dev
git clone https://github.com/CoinBlack/blackcoin
cd blackcoin
apt-get install qt5-default qt5-qmake qtbase5-dev-tools qttools5-dev-tools libboost-dev libboost-system-dev libboost-filesystem-dev libboost-program-options-dev libboost-thread-dev libminiupnpc-dev libdb++-dev

Je n'ai pas les 2 fichiers autogen.sh et configure proposés pour l'exemple généraliste. OK or NOT ?
Don't have this file.
./autogen.sh
./configure

qmake
make

Work Good. Fonctionne correctement.
BUT ? This repository are OK or NOT OK ?



########################
Bibliographie - Sources - For my tutoriel :
A dev say me :
Your tutorial is wrong, it uses old wallet which is 3 years old, in these 3 years blackcoin has changed substantially.
Why ? How to ? Where is the good repository ?
Source : http://thecryptoworld.org/comment-compiler-un-wallet-qt-sous-ubuntu
Tutoriel proposé depuis Github qui m'a permis d'identifier les paquets à installer : https://github.com/CoinBlack/blackcoin/blob/master/doc/readme-qt.rst

[new_guy_]

Awesome work!

Version 1.2.4 was used for a long time. Now there has a lore qt version , that's in beta. lore version is newest.

[BigWait]

but new guy buy blk, have not mined cheap blk  
if everyone hold bags ,people hard to buy ...

The nice part about cryptocurrencies being extremely divisible is even if very few coins are on the market it shouldn't effect the ability of people to buy whatever quantities they want. We've seen that with Bitcoin, people are happy enough to transact in "bits" and other sub-denominations.

Need a process.
but this time  blkcoin , china exchange hold most...
chinese don't believe cryptocurrencies (most)