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

[TMoney508]

Check out the sell orders at Mintpal over 2600.... :O

Looks like someone is trying to keep the price down.

[Stonerboy]

Check out the sell orders at Mintpal over 2600.... :O

Looks like a pump coming 
Think someone (or a group) was microbuying all day 

[flinchy]

Not too happy with scrypto... 9mh/s for the last 6 hours has +600 confirmed, zero unconfirmed

[energ]

Not too happy with scrypto... 9mh/s for the last 6 hours has +600 confirmed, zero unconfirmed

LOL
better let stake

[Soepkip]

I can translate OP to Cantonese?

Also how hard is compounded interest to calculate, jesus!
Wallet update should be good.

Hoping this does ok,
anyone want to buy some app coins? LOL

Would be nice yes, there is a bounty for it. Post it in the chinese forums and message me the link, a bounty will then be sent to you.

[blade87]

298 BTC volume in 24 hours is 25% of the market cap. Someone is doing a lot of back and forth trading to themselves.

[flaminius]

I just realized that I don't think there will actually be 100 million total coins by block 10000.   At block 10000 POW will no longer give rewards.
We are at 7418 right now, but a lot of those blocks are from POS which did not generate a 10000 BC reward.  As evidenced by the fact that the
the moneysupply is 61,660,685 instead of 74,180,000.   This coin will be a little rarer than expected.

I was looking at that too...  I believe that any coins that are currently being held in stake are effectively taken out of the money supply until they remature and that the money supply shown will fluctuate as various chunks of coins stake and mature.  PoW is still generating 10,000 BC per block x 10,000 blocks for 100,000,000 coins.  There is no way around that math.

[bitcoin carpenter]

wierd coin..... I have no idea what is going to happen tomorrow after the coins are all mined

[flinchy]

Not too happy with scrypto... 9mh/s for the last 6 hours has +600 confirmed, zero unconfirmed

LOL
better let stake

Hah.

[TheProgrammer]

298 BTC volume in 24 hours is 25% of the market cap. Someone is doing a lot of back and forth trading to themselves.

304 BTC now lol. Just crazy today

[artiface]

I just realized that I don't think there will actually be 100 million total coins by block 10000.   At block 10000 POW will no longer give rewards.
We are at 7418 right now, but a lot of those blocks are from POS which did not generate a 10000 BC reward.  As evidenced by the fact that the
the moneysupply is 61,660,685 instead of 74,180,000.   This coin will be a little rarer than expected.

I was looking at that too...  I believe that any coins that are currently being held in stake are effectively taken out of the money supply until they remature and that the money supply shown will fluctuate as various chunks of coins stake and mature.  PoW is still generating 10,000 BC per block x 10,000 blocks for 100,000,000 coins.  There is no way around that math.

Yes but it seems that POS blocks count toward block height.  After block height 10000 no more POW rewards will be given.  Every POS block removes a potential 10,000 POW reward from the total supply. If i'm understanding correctly what it looks like in the code.

[MickeNorsk]

I just realized that I don't think there will actually be 100 million total coins by block 10000.   At block 10000 POW will no longer give rewards.
We are at 7418 right now, but a lot of those blocks are from POS which did not generate a 10000 BC reward.  As evidenced by the fact that the
the moneysupply is 61,660,685 instead of 74,180,000.   This coin will be a little rarer than expected.

I was looking at that too...  I believe that any coins that are currently being held in stake are effectively taken out of the money supply until they remature and that the money supply shown will fluctuate as various chunks of coins stake and mature.  PoW is still generating 10,000 BC per block x 10,000 blocks for 100,000,000 coins.  There is no way around that math.

Are you really sure? Looking at http://blocks.blackcoin.pw/chain/BlackCoin I see alot of blocks at less than 10000 value out. For example block 7580 and 7581.

[artiface]

I just realized that I don't think there will actually be 100 million total coins by block 10000.   At block 10000 POW will no longer give rewards.
We are at 7418 right now, but a lot of those blocks are from POS which did not generate a 10000 BC reward.  As evidenced by the fact that the
the moneysupply is 61,660,685 instead of 74,180,000.   This coin will be a little rarer than expected.

I was looking at that too...  I believe that any coins that are currently being held in stake are effectively taken out of the money supply until they remature and that the money supply shown will fluctuate as various chunks of coins stake and mature.  PoW is still generating 10,000 BC per block x 10,000 blocks for 100,000,000 coins.  There is no way around that math.

Are you really sure? Looking at http://blocks.blackcoin.pw/chain/BlackCoin I see alot of blocks at less than 10000 value out. For example block 7580 and 7581.

Exactly ... see my post right above yours.

[flaminius]

Compound interest is the easy part. Lets see if some one can explain using a practical numerical example.

1) I have a 100,000 BC balance
2) I am lucky[ fulfilling the 8hrs, unlocked reqmt, etc] and get a stake of 10,000 BC

To keep thing,s simple I get no further stake for weeks.

Explain using said numbers what happens to that 10000 BC incl. interest collected, over the period of the stake. Is the period of the stake random as well ?

to get you started 1% pa of 10000 BC is 100 BC per year or 0.28 BC/day in interest.

The 10,000 BC that staked gets moved to the Stake balance in your wallet and becomes unavailable until it rematures in 8 hours.  The interest appears in your transaction history as a mined transaction that also has to mature, just as if you'd mined it solo mining.  Once the interest matures, the stake amount and the interest are both added back to your balance and are available to restake or spend as you please.

[MickeNorsk]

I just realized that I don't think there will actually be 100 million total coins by block 10000.   At block 10000 POW will no longer give rewards.
We are at 7418 right now, but a lot of those blocks are from POS which did not generate a 10000 BC reward.  As evidenced by the fact that the
the moneysupply is 61,660,685 instead of 74,180,000.   This coin will be a little rarer than expected.

I was looking at that too...  I believe that any coins that are currently being held in stake are effectively taken out of the money supply until they remature and that the money supply shown will fluctuate as various chunks of coins stake and mature.  PoW is still generating 10,000 BC per block x 10,000 blocks for 100,000,000 coins.  There is no way around that math.

Are you really sure? Looking at http://blocks.blackcoin.pw/chain/BlackCoin I see alot of blocks at less than 10000 value out. For example block 7580 and 7581.

Exactly ... see my post right above yours.

Yeah! So wait, that means at block 5000 we kind off went through a decrease in mining? Since many of the blocks are generated by pos and it's still 1 minute block time.

Edit: mind blown, nobody noticed it, but I think block reward almost halved at block 5000, since half of blocks are generated by pos.

Edit 2: looking at block explorer I see that blocks are generated twice as fast after block 5000, since pos and pow have different difficulties and each one have 60 second block time. But does that mean pow will alone generate 10000 blocks or will it stop when both reaches 10000 blocks altogether? If pow will generate 10000 blocks alone, then we'll be at block 15000 or so before pow stops.

[sgi02]

The market being totally manipulated right now by someone who has a HUGE amount of BC. They have the market cornered and are buying up every last piece of BC they can get. This coin could be worth nothing tomorrow, but this mass buying spree is happening for a reason. If you have coins, HOLD THEM! If your looking to buy more, then you would be wise to do it sooner rather than later.

[Stonerboy]

The market being totally manipulated right now by someone who has a HUGE amount of BC. They have the market cornered and are buying up every last piece of BC they can get. This coin could be worth nothing tomorrow, but this mass buying spree is happening for a reason. If you have coins, HOLD THEM! If your looking to buy more, then you would be wise to do it sooner rather than later.

Yes, i think you are 100% right, too bad for all the guys who sold them Blacks for nearly nothing 

[BitcoinStacker]

The market being totally manipulated right now by someone who has a HUGE amount of BC. They have the market cornered and are buying up every last piece of BC they can get. This coin could be worth nothing tomorrow, but this mass buying spree is happening for a reason. If you have coins, HOLD THEM! If your looking to buy more, then you would be wise to do it sooner rather than later.

Yes, i think you are 100% right, too bad for all the guys who sold them Blacks for nearly nothing 

I think this coin will still hit the 5000 Satoshi after all coins are mined

[skarto]

Community Bounty Drive UPDATE

More donations in, total now 27632.

Bounty update

All Bounty's updated & now filled. Updated the translation bounty's to 400 BC

First Bounty has been payed!


Translations:

Translate the OP Post, including posting it in the subsequent BitcoinTalk forum:

Chinese translation - 400 BC
Russian translation - 400 BC
Spanish translation - 400 BC
French translation - 400 BC - Aknoth
Dutch translation - 400 BC
Polish translation - 400 BC

Community Services:

Dedicated BlackCoin Forum - 2000 BC
Reddit Tip Bot - 1500 BC

Graphics:

BlackCoin Accepted Here buttons & Designs for 'Download Client' Buttons - 500 BC
Professional grade YouTube video - 750 BC
[Seperate] Reddit Top Banner Design - http://www.reddit.com/r/bccoin/comments/1yvq0p/contest_best_banner_for_this_subreddit_gets_500/

All graphics must be based on the logo in the op post. Allthough i love the community suggestions I will not change the logo if the dev does not approve it first!

Games:

First Dice site - 6000 BC
First Gambling Site - 6000 BC

Merchants:

First Merchant - 3500 BC
Second Merchant - 1500 BC

Other:

A detailed guide (including screenshots) on how to unlock your wallet and receive PoS. - 500 BC
This will be used for the website!


Bounty's set: 24250 BC
Bounty's paid: 400 BC
Left: 2981.99 BC


Donations can go here:
BAsdtYwvu3a1ErmY7GxWM5squAJnwBJM1c



Let's keep this ball rolling people!

I'll do it - Polish translation 400 BC.

[asdlolciterquit]

one important question: with PoS, the wallet must be open to have interests?