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

[Jeezy911]

Wow imagine that, the price doubled. Not even half way there mining. Wish someone would have told me 

[TrollboxChamp]

going to 5k satoshi by block 10000  

[koprobo]

PUMP on Cryptorush.

rate higher about 0.0001 than other exchanges you are calling pump?

[amdfxman1701]

This is exactly what I mean ...even you are not clear on several parameters re BC. Reading or understanding about POS is not enough as each POW/POS coin has its own parameters. The developer needs to clear up several of these issues instead the several 'jack of all trades' contradicting each other

As someone with a MSc in Finance I am at a loss as to how the developer[Rat] has not explained the POS in any detail that is not subject to wild speculation on this thread. The opening post says 1% pa but others say 1% per 8hours which when compounded is exponential...some others says 1% per 8hr period for those with open unlocked wallets selected at random.

No one can accurately value this coin without these basic questions answered and I am issuing a warning not to invest unless you yourself can answer the below questions:



The questions to the developer are:

1) When do untouched balances stake [days] ?
2) Will all wallets with untouched balances stake ?
3) If the answer to quest#2 is NO then which qualifying wallets will stake?
4) Is the qualification by random selection ?
5) If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ?
6) When an amount is staked how long will this amount collect interest ?
7) Is the stake interest rate 1% per annum, per 8 hours, etc, etc ?
8. Will locked wallets stake ?
9) Will encrypted wallets stake ?
10) Will unopened wallets stake ?

WARNING: The developer has a duty to clearly outline the POS parameters of his COIN

CASH is similar but has 10% per annum paid every 30 days. So with CASH you get the benefit of compound interest as I believe you would with BC.

Although I also believe that wallets with higher staking days (wallets that have been left locked longer) have a higher priority in eligibility for pos than other wallets.

This thread helps explain the pos a bit better. https://bitcointalk.org/index.php?topic=187714.0

I have to agree with you. Devs should always be as transparent as possible like DigiByte (selfless promotion  ). The website also is severely lacking and doesn't instill much confidence. Still, this seems like a decent coin. Hopfully we'll hear from the devs sooner rather than later.

[Monetizer]

Selling 4750 blackcoins for 0.1 BTC. Pm me to buy.

[hughjays77]

The Dev for BC posts 1x/10-15pages. Not acceptable, especially with so many unanswered questions ! A mostly POS coin with no details of the POS parameters.  

At a bare minimum 2-3 pages of the POS parameters with examples is required.

After that the Dev can go missing in action for weeks if required.

This is exactly what I mean ...even you are not clear on several parameters re BC. Reading or understanding about POS is not enough as each POW/POS coin has its own parameters. The developer needs to clear up several of these issues instead the several 'jack of all trades' contradicting each other

As someone with a MSc in Finance I am at a loss as to how the developer[Rat] has not explained the POS in any detail that is not subject to wild speculation on this thread. The opening post says 1% pa but others say 1% per 8hours which when compounded is exponential...some others says 1% per 8hr period for those with open unlocked wallets selected at random.

No one can accurately value this coin without these basic questions answered and I am issuing a warning not to invest unless you yourself can answer the below questions:



The questions to the developer are:

1) When do untouched balances stake [days] ?
2) Will all wallets with untouched balances stake ?
3) If the answer to quest#2 is NO then which qualifying wallets will stake?
4) Is the qualification by random selection ?
5) If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ?
6) When an amount is staked how long will this amount collect interest ?
7) Is the stake interest rate 1% per annum, per 8 hours, etc, etc ?
8. Will locked wallets stake ?
9) Will encrypted wallets stake ?
10) Will unopened wallets stake ?

WARNING: The developer has a duty to clearly outline the POS parameters of his COIN

CASH is similar but has 10% per annum paid every 30 days. So with CASH you get the benefit of compound interest as I believe you would with BC.

Although I also believe that wallets with higher staking days (wallets that have been left locked longer) have a higher priority in eligibility for pos than other wallets.

This thread helps explain the pos a bit better. https://bitcointalk.org/index.php?topic=187714.0

I have to agree with you. Devs should always be as transparent as possible like DigiByte (selfless promotion  ). The website also is severely lacking and doesn't instill much confidence. Still, this seems like a decent coin. Hopfully we'll hear from the devs sooner rather than later.

[CryptoStark]

The Blackcoin subreddit has reached 50 subscribers in less than 2 days!

Subscribe if you haven't yet! http://www.reddit.com/r/bccoin/

[bitwarrior]

I saw rat online a while ago and it seems did not bother to make some reply. If I am the dev, I would immediately made a response to calm the traders.
And yet...

The Dev for BC posts 1x/10-15pages. Not acceptable, especially with so many unanswered questions ! A mostly POS coin with no details of the POS parameters.  

At a bare minimum 2-3 pages of the POS parameters with examples is required.

After that the Dev can go missing in action for weeks if required.

This is exactly what I mean ...even you are not clear on several parameters re BC. Reading or understanding about POS is not enough as each POW/POS coin has its own parameters. The developer needs to clear up several of these issues instead the several 'jack of all trades' contradicting each other

As someone with a MSc in Finance I am at a loss as to how the developer[Rat] has not explained the POS in any detail that is not subject to wild speculation on this thread. The opening post says 1% pa but others say 1% per 8hours which when compounded is exponential...some others says 1% per 8hr period for those with open unlocked wallets selected at random.

No one can accurately value this coin without these basic questions answered and I am issuing a warning not to invest unless you yourself can answer the below questions:



The questions to the developer are:

1) When do untouched balances stake [days] ?
2) Will all wallets with untouched balances stake ?
3) If the answer to quest#2 is NO then which qualifying wallets will stake?
4) Is the qualification by random selection ?
5) If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ?
6) When an amount is staked how long will this amount collect interest ?
7) Is the stake interest rate 1% per annum, per 8 hours, etc, etc ?
8. Will locked wallets stake ?
9) Will encrypted wallets stake ?
10) Will unopened wallets stake ?

WARNING: The developer has a duty to clearly outline the POS parameters of his COIN

CASH is similar but has 10% per annum paid every 30 days. So with CASH you get the benefit of compound interest as I believe you would with BC.

Although I also believe that wallets with higher staking days (wallets that have been left locked longer) have a higher priority in eligibility for pos than other wallets.

This thread helps explain the pos a bit better. https://bitcointalk.org/index.php?topic=187714.0

I have to agree with you. Devs should always be as transparent as possible like DigiByte (selfless promotion  ). The website also is severely lacking and doesn't instill much confidence. Still, this seems like a decent coin. Hopfully we'll hear from the devs sooner rather than later.

[bitwarrior]

Selling 4750 blackcoins for 0.1 BTC. Pm me to buy.

What a bargain.

[Monetizer]

Selling 4750 blackcoins for 0.1 BTC. Pm me to buy.

What a bargain.

You interested in buying? 

[bitwarrior]

Selling 4750 blackcoins for 0.1 BTC. Pm me to buy.

What a bargain.

You interested in buying? 

You can check cryptorush.in , prices are rising.

[maccd123]

Help me with the  Stake Mining commands to unloock.THX

[Jeezy911]

Yes keeping the wallet open is kinda a pain but its not like my shit isnt mining 24/7 anyway. I dont really see a reason to lock cold storage either since my folder that contains wallets is encrypted and I use 3 USB drives for .dats: 1 in the car,1 in wifes car, and one in a safe also encrypted.  Thata just the way I do it and it works.

[tabnk]

Mine MORE NOW .

[Last1212]

Selling 4750 blackcoins for 0.1 BTC. Pm me to buy.

What a bargain.

You interested in buying? 

WTB

[heyho]

rat4, you mentioned that issue with inability to unlock wallet for PoS mining is fixed in new version. When can we expect one? Block 5000 is near, so it would be good to be ready to mine.

[Sy]

Understanding PoS would answer at least half of the related questions...

http://en.wikipedia.org/wiki/Proof-of-stake

[dnic24]

rat4, you mentioned that issue with inability to unlock wallet for PoS mining is fixed in new version. When can we expect one? Block 5000 is near, so it would be good to be ready to mine.

it is already in the 1.0.1 wallet

[heyho]

rat4, you mentioned that issue with inability to unlock wallet for PoS mining is fixed in new version. When can we expect one? Block 5000 is near, so it would be good to be ready to mine.

it is already in the 1.0.1 wallet

No, it is not. Wallet 1.0.1 introduced this issue.

[lonely@thetop]

We need to get on mintpal, vote guys