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

[Koal-84]

I have a question for the burn, the Wallet Blacknet 1.2.5.1 compatible to the Blackcoin Wallet 1.2.5.2 or i also can send the "old" Coins to the "new" address and at the new Wallet i can burn the old Coins?

Instruction for Windows and Linux

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

The old coin have also a future so i will split!

Thats right?

The new wallet (1.2.5.2) is same as old, but without possibility to create "blacknetkeypair" and also it shows no warning message in future that IBO will end 14 dec., (maybe older versions will show this alert indefinitely, I do not know)
To continue to use blackcoin you can best use 1.2.5.2 (but any other version will work)

when i received the new coins? It's very confused without a FAQ when i will have a split or i must send the old Coins to a exchange then the burn new version and send back? When i become the new or on which address?

[1713919644]

1713919644

[1713919644]

1713919644

[1713919644]

1713919644

[rat4]

I'm running Mac v1.2.4-dirty.  How do I burn and memetic?

Unfortunately, we don't have wallet that works on mac.
I'm offering 2000 BLK bounty for 1.2.5.2 for macOS.

when i received the new coins? It's very confused without a FAQ when i will have a split or i must send the old Coins to a exchange then the burn new version and send back? When i become the new or on which address?

You need to burn (destroy) BLK to get the new token in genesis block.

[pwpwpw]

rat4, the distribution of the new coins will happen in december when the burning is over or it's already possible to claim the new coins ? Also will staking work just like previously on the new one ?

[rat4]

rat4, the distribution of the new coins will happen in december when the burning is over or it's already possible to claim the new coins ? Also will staking work just like previously on the new one ?

Distribution will be known only after burning is over. Yes, staking is similar.

[rat4]

As we get close too the experation of the 20pct bonus period we should see an increase in burning and as rat 4 releases more info on black net burning of black will accelerate

Proof of stake as dapp. Its value is in providing consensus to dapps.
The most popular type of dapp that requires consensus is cryptocurrency. Non-currency dapps also can use consensus, for example https://en.wikipedia.org/wiki/CryptoKitties

[Gritt-N-Auld]

I'm running Mac v1.2.4-dirty.  How do I burn and memetic?

Unfortunately, we don't have wallet that works on mac.
I'm offering 2000 BLK bounty for 1.2.5.2 for macOS.

when i received the new coins? It's very confused without a FAQ when i will have a split or i must send the old Coins to a exchange then the burn new version and send back? When i become the new or on which address?

You need to burn (destroy) BLK to get the new token in genesis block.

I could backtrack a little and add stuff. I have been trying to get through a bunch of life stuff right now though, but its ok, you don't need to donate if I get it out before someone else. I was so close to getting it sorted but then the RPC API, can't remember the name of the one that we are using now, wouldn't compile. I got the wallet and everything else fixed up to that point, including a new build system.

[Gritt-N-Auld]

As we get close too the experation of the 20pct bonus period we should see an increase in burning and as rat 4 releases more info on black net burning of black will accelerate

Proof of stake as dapp. Its value is in providing consensus to dapps.
The most popular type of dapp that requires consensus is cryptocurrency. Non-currency dapps also can use consensus, for example, https://en.wikipedia.org/wiki/CryptoKitties

So, proof of stake itself is a dapp, much like how the blockchain is the dapp store. Yeah, I can agree with that. The blockchain doesn't need PoS or PoW, it could exist if everyone was honest. Adding that layer of Proof of Stake is a dapp layered to secure and incentivise the network.

It is interesting to me because I'm kind of visioning this to be essentially a chain that can transfer unrestricted information at a cost of the coin which gets paid in a data tx transfer fee. Then a PoS dapp as a means of embedded incentive and security.

My only concern is, that ETH can hardly run CryptoKitties at its peak. That was only 1 popular dApp. The severe bottleneck that I really do believe that you should address.

[rat4]

I see potential to scale better than Ethereum and cheaper than EOS.

[Paul33]

Be helpful too blackcoin holders have more information on blacknet the pace of burning has slowed and I believe it’s attributed too the not enough information on blacknet

[boy2k]

Ok so...

Why burn and why force people's hand? Surely there needs to be some form of backup which rewards people for supporting your inital backcoin project.

As i see it we are being forced into deciding on which chain will win but based on nothing other than guesswork.

Please people jump in and correct me but i don't see an argument for this other than a deadline.

Ok so these questions are still valid and pretty much ignored...

You are asking for people to burn coins into the void... Information is needed.

What is the tech
Where will it be listed
What is the total supply

I know crypto is crazy but throwing coins into a fire randomly is no way to invest...

[Gritt-N-Auld]

Ok so...

Why burn and why force people's hand? Surely there needs to be some form of backup which rewards people for supporting your inital backcoin project.

As i see it we are being forced into deciding on which chain will win but based on nothing other than guesswork.

Please people jump in and correct me but i don't see an argument for this other than a deadline.

Ok so these questions are still valid and pretty much ignored...

You are asking for people to burn coins into the void... Information is needed.

What is the tech
Where will it be listed
What is the total supply

I know crypto is crazy but throwing coins into a fire randomly is no way to invest...

Nobody is forcing you, others and myself are continuing the Blackcoin project. Don't ever feel like anyone is forcing you to do anything. You bring up legitimate concerns. If you don't feel comfortable, you can keep staking your Blackcoin because we are still around to keep it moving.

[muleroaa]

I see potential to scale better than Ethereum and cheaper than EOS.

Could you delve more into how this might be achieved?

Ok so...

Why burn and why force people's hand? Surely there needs to be some form of backup which rewards people for supporting your inital backcoin project.

As i see it we are being forced into deciding on which chain will win but based on nothing other than guesswork.

Please people jump in and correct me but i don't see an argument for this other than a deadline.

Ok so these questions are still valid and pretty much ignored...

You are asking for people to burn coins into the void... Information is needed.

What is the tech
Where will it be listed
What is the total supply

I know crypto is crazy but throwing coins into a fire randomly is no way to invest...

Of course it's not known yet where it will be listed and the total supply will be unknown until the whole burning procedure has been completed.

I do agree though that more info on the tech and the knowledge that there will be active development with a clear roadmap and attainable goals ahead will help a lot in convincing people to burn (part of) their BlackCoin.

[codemanX]

I see potential to scale better than Ethereum and cheaper than EOS.

Could you delve more into how this might be achieved?

Ok so...

Why burn and why force people's hand? Surely there needs to be some form of backup which rewards people for supporting your inital backcoin project.

As i see it we are being forced into deciding on which chain will win but based on nothing other than guesswork.

Please people jump in and correct me but i don't see an argument for this other than a deadline.

Ok so these questions are still valid and pretty much ignored...

You are asking for people to burn coins into the void... Information is needed.

What is the tech
Where will it be listed
What is the total supply

I know crypto is crazy but throwing coins into a fire randomly is no way to invest...

Of course it's not known yet where it will be listed and the total supply will be unknown until the whole burning procedure has been completed.

I do agree though that more info on the tech and the knowledge that there will be active development with a clear roadmap and attainable goals ahead will help a lot in convincing people to burn (part of) their BlackCoin.

Total supply is known already, I've found it for you  
Only the rate from Blackcoin to Blacknet is still open until the burn is over.

How much will be the coinsupply of blacknet??

1 000 000 000 (+1% inflation)

[pharker]

Can the burning only be done with "1.2.5.1" or can it also be done with "1.2.5.2"? I am currently on "1.2.5".

[codemanX]

Can the burning only be done with "1.2.5.1" or can it also be done with "1.2.5.2"? I am currently on "1.2.5".

Nope, if you want to burn you have to download 1.2.5.1 as explained here: https://bitcointalk.org/index.php?topic=469640.msg45982821#msg45982821

[STT]

I see potential to scale better than Ethereum and cheaper than EOS.

Ultimately efficiency does matter in market economies.   For far too long people based worth estimates on speculation and growth momentum but really I think the underlying network cost and ability to transact cheaply, fast and in a capable way is what will matter.     ETH is transitioning into POS for example, its not for the fun of it I think they really require to reduce their processing cost from POW and this is the best way they know how.    If the general public understood this point on efficiency it would lend far more positive views for all the POS coins similarly I think

Any FAQ to split the BLK from one address and wallet to old and New BLK?

Sounds like you just want to have more then one BLK address before deciding how much you send to burn.   Link from OP https://blacknet.ninja/burn.html

[szdyxg]

I use the 1.25.1 wallet to enter the burn n pubkey command and result.

Data must be hexadecimal string (not'pubkey') (code -8), how should I deal with it?

[szdyxg]

What is the correct burning order? Why do I write different hints? Is the following order wrong?



Burn 10 coins pubkey to burn 10 coins



Burn <amount> [hex string]

<amount> is a real and is rounded to the nearest 0.00000001

Requires wallet passphrase to be set with walletpassphrase first (code -1)

[Morros]

I dont think there is any possible important action for people who will continue to use BLK.  This is just a new project available optionally.

[rat4]

I use the 1.25.1 wallet to enter the burn n pubkey command and result.

Data must be hexadecimal string (not'pubkey') (code -8), how should I deal with it?

You generate pubkey at step 3.
For example, it's "PublicKey" : "a11188d9e5087156c3e7f2deeccfb9879a46d8fc49579c8fc3205319a4e31f0f"
and you want to burn 10 BLK. Your command is

Code:

burn 10 a11188d9e5087156c3e7f2deeccfb9879a46d8fc49579c8fc3205319a4e31f0f