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

[Gritt-N-Auld]

Someone explain to me how BitConnect STILL has a higher market cap than this coin?

Yeah who knows. Surprises me as well.

From the BlackNet website:

"PoS: Although it is possible to shoehorn proof-of-stake into a UTXO paradigm, such a paradigm is much more complicated and ugly than just using accounts."

Rat4, if you are going to pretend that PoS works better on an account based system, spoiler it doesn't, don't manipulate the original source of information to fit your goals.

Original Text from Ethereum:

"Simplicity: easier to code and understand, especially once more complex scripts become involved. Although it is possible to shoehorn arbitrary decentralized applications into a UTXO paradigm, essentially by giving scripts the ability to restrict what kinds of UTXO a given UTXO can be spent to, and requiring spends to include Merkle tree proofs of change-of-application-state-root that scripts evaluate, such a paradigm is much more complicated and ugly than just using accounts."

Stop manipulating people here to burn their coins to support your centralised agenda and be honest with everyone. Be fair, please. I'm being as fair as I can, as I always had, but I can't sit idly.

I'm still dictator in the project I started.

WOW ... just Wow !
So you really dont see this as a community project ?

A touch of sarcasm methinks. He may retreat to the masterful rat in the hoodie sometimes, but the crypto spirit in him lives strong.

Unfortunately, not. TheDogeOfWallSt and StGnu tried to work core dev with rat4 in 2014, and he refused to give some control.

[1714959821]

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[1714959821]

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[STT]

Publicity, more people know about Bitconnect despite it being a bad system.   Its infamous even, even bad publicity sells some kind of story I guess but how solid is that capital figure given is another matter.    Market cap isnt the most certain valuation, I think circulation and usage is a better system to measure potential value overall.

The Blackcoin Wallet 1.2.5 is discontinued? So i must swap

I dont think there is any must to do action for people who will continue to use BLK.  This is just a new project available optionally.  I've not heard otherwise

[rat4]

"PoS: Although it is possible to shoehorn proof-of-stake into a UTXO paradigm, such a paradigm is much more complicated and ugly than just using accounts."

Rat4, if you are going to pretend that PoS works better on an account based system, spoiler it doesn't, don't manipulate the original source of information to fit your goals.

Original Text from Ethereum:

"Simplicity: easier to code and understand, especially once more complex scripts become involved. Although it is possible to shoehorn arbitrary decentralized applications into a UTXO paradigm, essentially by giving scripts the ability to restrict what kinds of UTXO a given UTXO can be spent to, and requiring spends to include Merkle tree proofs of change-of-application-state-root that scripts evaluate, such a paradigm is much more complicated and ugly than just using accounts."

Stop manipulating people here to burn their coins to support your centralised agenda and be honest with everyone. Be fair, please. I'm being as fair as I can, as I always had, but I can't sit idly.

You have no arguments, but you argue with my research. This is called manipulation.

[Gritt-N-Auld]

"PoS: Although it is possible to shoehorn proof-of-stake into a UTXO paradigm, such a paradigm is much more complicated and ugly than just using accounts."

Rat4, if you are going to pretend that PoS works better on an account based system, spoiler it doesn't, don't manipulate the original source of information to fit your goals.

Original Text from Ethereum:

"Simplicity: easier to code and understand, especially once more complex scripts become involved. Although it is possible to shoehorn arbitrary decentralized applications into a UTXO paradigm, essentially by giving scripts the ability to restrict what kinds of UTXO a given UTXO can be spent to, and requiring spends to include Merkle tree proofs of change-of-application-state-root that scripts evaluate, such a paradigm is much more complicated and ugly than just using accounts."

Stop manipulating people here to burn their coins to support your centralised agenda and be honest with everyone. Be fair, please. I'm being as fair as I can, as I always had, but I can't sit idly.

You have no arguments, but you argue with my research. This is called manipulation.

Brother, I have yet to see your research. How can I argue with it?

[Buchi-88]

The JPL license states:

3.4.1 The token holders from the original distributed ledger instance shall be allocated a portion (an "airdrop") of the tokens in that new DLT Instance proportional to their token balances.

So this would seem more like a snapshot? How come a burn still will be the chosen option then?

It means if you use Blacknet code for a different blockchain, you have to make snapshot (airdrop).

The Blackcoin Wallet 1.2.5 is discontinued? So i must swap or i can use the old wallet.dat? Also a Raspberry wallet available?

No, new team is continuing old Blackcoin.

So i can use the "old" 1.2.5 Wallet with the old wallet.dat anyway? When i use the "old" wallest.dat with the nes 1.2.5.1 im with the old BLK on the new chain or in the future a swap is possible?

[rat4]

So i can use the "old" 1.2.5 Wallet with the old wallet.dat anyway? When i use the "old" wallest.dat with the nes 1.2.5.1 im with the old BLK on the new chain or in the future a swap is possible?

1.2.5 is current version. 1.2.5.1 adds burning functions (for the swap in future)

[rat4]

"PoS: Although it is possible to shoehorn proof-of-stake into a UTXO paradigm, such a paradigm is much more complicated and ugly than just using accounts."

Rat4, if you are going to pretend that PoS works better on an account based system, spoiler it doesn't, don't manipulate the original source of information to fit your goals.

Original Text from Ethereum:

"Simplicity: easier to code and understand, especially once more complex scripts become involved. Although it is possible to shoehorn arbitrary decentralized applications into a UTXO paradigm, essentially by giving scripts the ability to restrict what kinds of UTXO a given UTXO can be spent to, and requiring spends to include Merkle tree proofs of change-of-application-state-root that scripts evaluate, such a paradigm is much more complicated and ugly than just using accounts."

Stop manipulating people here to burn their coins to support your centralised agenda and be honest with everyone. Be fair, please. I'm being as fair as I can, as I always had, but I can't sit idly.

You have no arguments, but you argue with my research. This is called manipulation.

Brother, I have yet to see your research. How can I argue with it?

You disagree with my conclusion that pos is a dapp, and so benefits from accounts.

[Gritt-N-Auld]

"PoS: Although it is possible to shoehorn proof-of-stake into a UTXO paradigm, such a paradigm is much more complicated and ugly than just using accounts."

Rat4, if you are going to pretend that PoS works better on an account based system, spoiler it doesn't, don't manipulate the original source of information to fit your goals.

Original Text from Ethereum:

"Simplicity: easier to code and understand, especially once more complex scripts become involved. Although it is possible to shoehorn arbitrary decentralized applications into a UTXO paradigm, essentially by giving scripts the ability to restrict what kinds of UTXO a given UTXO can be spent to, and requiring spends to include Merkle tree proofs of change-of-application-state-root that scripts evaluate, such a paradigm is much more complicated and ugly than just using accounts."

Stop manipulating people here to burn their coins to support your centralised agenda and be honest with everyone. Be fair, please. I'm being as fair as I can, as I always had, but I can't sit idly.

You have no arguments, but you argue with my research. This is called manipulation.

Brother, I have yet to see your research. How can I argue with it?

You disagree with my conclusion that pos is a dapp, and so benefits from accounts.

Hmm, then thats a different matter, I'm not doubting you. I hadn't realised that was your conclusion., The inputs that PoS requires doesn't exist on an account based model. So unless you are getting provably randomised inputs from somewhere, then it is possible to do Peercoin-like PoS on account based systems. This isn't an area that I have dived into because I don't believe in an account based model. I am very curious to see what you do with it. Also am curious of your conclusion that PoS is like a dapp when I tend to think of it as a method of security.

[rat4]

The inputs that PoS requires doesn't exist on an account based model. So unless you are getting provably randomised inputs from somewhere, then it is possible to do Peercoin-like PoS on account based systems.

Since v3 it uses NXT RNG

[Gritt-N-Auld]

The inputs that PoS requires doesn't exist on an account based model. So unless you are getting provably randomised inputs from somewhere, then it is possible to do Peercoin-like PoS on account based systems.

Since v3 it uses NXT RNG

Interesting I hadn't looked fully into PoS 3.0 clearly.

Will you then be leaning towards security deposits like XTZ / ETH?

[rat4]

If you have a FOMO plan, it's a good idea to make a one-click FOMO launcher that allows anyone to quickly launch a FOMO game.

https://www.youtube.com/watch?v=O4irXQhgMqg

[chinaBLK]

If you have a FOMO plan, it's a good idea to make a one-click FOMO launcher that allows anyone to quickly launch a FOMO game.

https://www.youtube.com/watch?v=O4irXQhgMqg

How long does it take for blacknet to officially go online?
 

[Xiphos]

We've added Blacknet to our voting list on which users are able to vote on their favorite coin. The top 10 of those coins will be listed in our brand new exchange in the beta phase.
If you'd like to contact us please do so via our contact form system on https://Xiphos.exchange/help.
Vote now at https://xiphos.exchange/vote.
We wish you good voting and the best of luck.
Yours sincerely,
Xiphos Team

[chinaBLK]

Hello, RAT4.
I have some new ideas and would like to submit comments to you.

In order to better evolve BLACKNET, I hope that part of BLACKNET(40%) will be used for community, marketing and development.

For example, assign some BLACKNET to FOMO games, Every new FOMO will get some BLACKNET for free (such as 5000BLACKNET)
Or, when a FOMO game attracts more than 100,000 BLACKNET, the FOMO sponsor can get some BLACKNET rewards.
----I assume that BLACKNET has a one-click function to launch FOMO games.


Reserve some BLACKNET and distribute it to newcomers for free. This can be done through the community.
----I have tried to raise BLK in the community and distribute it to newcomers, but I find it is not a good way to rely on people to donate.

Regarding the development of DAPP, I think this is the most important thing.
Reserve some BLACKNET to reward those developers
For example, we can build a website to collect people's DAPP ideas,Then conduct a community vote,Pick the best ideas,The big probability that most people want DAPP is good DAPP.

Then, each DAPP idea gets the BLACKNET funds proportionally,These BLACKNET funds are used to reward community developers,When they get the job done, they get rewards.
A portion of BLACKNET is assigned to the DAPP creative project every week or month.
If no one has taken over the development, the reward funds will continue to rise until someone takes over.

Technicians developing DAPP must assure the community of the time and quality of development.
Maybe ask him to pay some BLACKNET to the smart contract address.
When the work is completed, his margin and reward are sent.

[chinaBLK]

I use translation software to communicate.
So some statements may not be accurate.very sorry.


Community, marketing, and development are all important.
Designing a good reward mechanism is conducive to the future development of BLACKNET.


The above reply is just some personal thoughts.
I hope you understand.

[STT]

https://www.youtube.com/watch?v=O4irXQhgMqg

One of my favourite all time classic songs, hopefully both projects will be as durable as the Rolling Stones have been.   I think they got every other band beat for the amount of years performing at the top like that

Burn is not good and not fair:
many blackcoin owners don't look on this thread, and will miss the burn.

or make the burn time unlimited
so 1 blk will always worth 1 blacknet and always possible to burn

Burn is genius...
None of this 2chain business, old fork new fork blah blah...
Fair way to create scarcity on both projects (BLK/BLKN)...

I would prefer an expanded timeline for this connection between the two projects.   Not everyone is highly attentive and also it should be put into the thread title and any other means of communicating so people are aware of the decision required.
I may not transfer any but I will probably burn a little out of curiosity of course, I hope both are successful in their own path.  Burn does seem alot less messy perhaps

[chinaBLK]

hello，rat4

How is the BLACKNET project?

Can you tell us about the progress?

[chinaBLK]

Are we going to start a long wait again?

[rat4]

@rat4:  Any chance we can get a mac version of 1.2.5.1?

Mac nodes are still on 1.2.4

Up to community. In the meantime, can anyone test on mac https://blacknet.ninja/generator.html

[chinaBLK]

。。。