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Author Topic: [ANN] Blacknet BLN | Staking | Future of zApp & ZeFi  (Read 2509639 times)
DarthScabrous
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March 01, 2014, 02:58:08 PM
 #3741

Its still encrypted, could that be a problem?  
artiface
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March 01, 2014, 03:00:53 PM
 #3742

Looks like there will be only about 75 million BC at the end of POW.  This coin will be even rarer than originally predicted.
Jabulon
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March 01, 2014, 03:01:22 PM
 #3743

Its still encrypted, could that be a problem?  

No. Unlock your wallet for minting PoS. This is not un-encrypting.

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Miner232432
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March 01, 2014, 03:03:22 PM
 #3744

Looks like there will be only about 75 million BC at the end of POW.  This coin will be even rarer than originally predicted.

No, with POS being active from block 5,000 it's adding to the block count

The block you see is POS & POW combined realistically we're probably only at block 7,000 POW

I am blunt, don't like it ? Too bad
SWKineo
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March 01, 2014, 03:06:21 PM
 #3745

I feel like at least a few people have already asked and answered this question in the past few dozen pages, but this is something I'd really like to figure out:

With an annual stake interest of 1%, if I start out the year with 1000 BC, will I have 1010 BC by the end of the year?
nunya_coin
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March 01, 2014, 03:08:29 PM
 #3746

Looks like there will be only about 75 million BC at the end of POW.  This coin will be even rarer than originally predicted.

No, with POS being active from block 5,000 it's adding to the block count

The block you see is POS & POW combined realistically we're probably only at block 7,000 POW

getinfo in my wallet shows this

Code:
"moneysupply" : 72421014.82434979,

which would support that, maybe I have time to get to 20k BC after all.  Depending on what's really going to happen when we hit block # 10000
ski92
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March 01, 2014, 03:09:35 PM
 #3747

I feel like at least a few people have already asked and answered this question in the past few dozen pages, but this is something I'd really like to figure out:

With an annual stake interest of 1%, if I start out the year with 1000 BC, will I have 1010 BC by the end of the year?
No its compounded, so you get interest on your interest so to speak, google compound interest.
Take it as 1% with a bonus if you like.

#Blackcoin Friday, once you go black......... Wink
Soepkip
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March 01, 2014, 03:10:25 PM
 #3748

VERSION 1.0.2 is OUT (see op post)

Just talked to the dev, after block 10.000 PoW mining will stop.
Supply will be less then 100.000.000!

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artiface
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March 01, 2014, 03:10:32 PM
 #3749

Looks like there will be only about 75 million BC at the end of POW.  This coin will be even rarer than originally predicted.

No, with POS being active from block 5,000 it's adding to the block count

The block you see is POS & POW combined realistically we're probably only at block 7,000 POW

Here is the source code:

Code:
static const int LAST_POW_BLOCK = 10000;

if (IsProofOfWork() && nHeight > LAST_POW_BLOCK)
        return DoS(100, error("AcceptBlock() : reject proof-of-work at height %d", nHeight))

So NO, you are incorrect. POW will stop when nHeight is over 10000.  nHeight is now currently 9600.  So only 400 more blocks then no more POW.
At the current rate this will take less than 4 more hours.

About half of the blocks since POS started were POS blocks and each POS block removed a potential 10000 from the money supply.
rat4 (OP)
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March 01, 2014, 03:14:50 PM
 #3750

Very news:

Such wallet update has been released. See OP. Much notable change: https://i.imgur.com/DcuD4I5.png

PoW moves to teh end.

Faucet is charged with 1000 BC. Enjoy free coins Wink

radi324
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March 01, 2014, 03:15:12 PM
 #3751

If its needed i can/will make a new website for blackcoin. Interest?

That would be great. Could you please show us a sample of how the website would be?

[MUN] Muniti - Malta's National Cryptocurrency - http://www.muniticoin.com/

Bitcointalk thread - https://bitcointalk.org/index.php?topic=545886.0
nunya_coin
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March 01, 2014, 03:15:45 PM
 #3752

VERSION 1.0.2 is OUT (see op post)

Just talked to the dev, after block 10.000 PoW mining will stop.
Supply will be less then 100.000.000!

Thanks for the update.  I guess I don't have strong feelings about ~80M BC vs 100M but it's nice to have confirmation from the dev.  Thanks for all your hard work!
artiface
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March 01, 2014, 03:16:07 PM
 #3753

Very news:

Such wallet update has been released. See OP. Much notable change: https://i.imgur.com/DcuD4I5.png

PoW moves to teh end.

Faucet is charged with 1000 BC. Enjoy free coins Wink


Love the POS visualization.  Nice innovation!  
radi324
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March 01, 2014, 03:16:40 PM
 #3754

Very news:

Such wallet update has been released. See OP. Much notable change: https://i.imgur.com/DcuD4I5.png

PoW moves to teh end.

Faucet is charged with 1000 BC. Enjoy free coins Wink

Keep up the good work! Smiley Also, did you see my post earlier on? Please take a look at it - I'd be happy to help in any way I can

"Right, this post is going to be long and tedious, but hopefully it will be worth the read. We've nearly finished the POW stage and there's no concrete plan for the coin so far. A no-premine coin has its advantages but also its disadvantages - this coin has to be pushed by the community. YOU are the community; no, not the guy posting above or below you, but you, the one who is reading this. Keeping that in mind is the first stage towards elevating BC - if we rely on others to do all the work, this coin will crash and die, which is a pity because I believe it's the best POW-to-POS coin out there, and not some Mintcoin/Zeitcoin crap with a huge pre-mine for the former (4%) and self-moderated topic for the latter.

So, how to push this coin? First of all, send 1% of your total holdings for bounties. The current bounties are simply not attractive enough; if you want to make money, you have to shell out money, that's a basic and fundamental law of economics. 1% is nothing to you but if every person sends out 1%, we can get the bounty pot up in no time. Bounties have been paid immediately from what I've seen so far, so there should be no fear of scamming or anything of the sort. After all, who in their right mind would steal an amount of BCs worth, let's say, $300 when in 2 weeks' time, with no tampering and honest trading, BCs might (and I believe they will) quadruple in value?

Next, presentation. The current website is crap, with all respect due to those who took their own time to create it and maintain it. I for one check websites before turning my miner onto a coin, since I'm not a pump-and-dumper but an investor. If the website is a 2-minute job, I look for other options straight away, no questions asked. We're dealing in a virtual environment here, and with nothing tangible, then the next best thing is online presentation. Screw that up, and you've shot yourself in the foot. Set up a bounty of 30k BC for a decent website and that should get the ball rolling faster.

Go ahead and stick BC in your sig. I for one have to do this as soon as I'm finished with this post; keep in mind that this thread is the most watched and the best means of spreading the word about BC. If people come on here and see a strong community behind this coin, and if people with BC in their sig post in other topics as well, why that's just great. Your sig might be the diference between an undecided newbie going for BC or some other crap alt-coin with no future ahead. As I said, this coin is community-driven and you have to do your part, just like everyone else.

Exchanges - forget Cryptsy for now, Cryptsy is only suitable for well-established coins with a set floor-value and a stable scenario set for a long time. We've already been introduced to way more exchanges than I'd personally like, and I'm afraid this might be detrimental to the coin if it's not handled properly. It's no use telling people to hold onto coins - this business is rife with teenagers who see a $20 profit as a Saturday night full of booze, and telling them not to dump is like telling them not to get all hot and bothered when a lass with a mini-skirt passes by.

There is an exception to what I've just said - btc38. Guys, you have no idea how much influential that exchange is. I've been in cryptocurrencies for nearly a year now, and ever since October, I've noticed a firm and steady trend - every coin which makes it on btc38 gets shot upwards. Oh by the way, just an aside: don't keep blabbing "to the moon, to the moon" like some infantile retard. That's the typical phrase for a pump-and-dump coin. We're not a P&D, but a coin with the potential to change the current game. Remember, it's all about presentation. Back to what I was saying - we need to attract the Chinese population to this coin. Spam every Chinese crypto-forum you know of with this coin, make them want it and most importantly, make them understand the potential of this coin. Even if you have to use Google translate, go ahead and do it.

Last but not least - usability. Is it possible that no one on here has an online small-time business going on? What's up? Start accepting Blackcoin as your preferred mode of payment! Even if it's a silly keychain or a soft-toy, people want to use their coins, especially with an interest-generated coin such as this one. Keep the initial capital, spend the interest - isn't this what it should be all about? Also, Dev should start thinking about the possibility for a BC-USD direct exchange. This has not been implemented yet with any coin afaik, at least not with any coin which has come out in the last 6 months or so. That would be a massive boost to BC.

If you've managed to read through all this, well done, you're a patient person.

Don't forget to send more BCs for bounties! Let's go guys!"

[MUN] Muniti - Malta's National Cryptocurrency - http://www.muniticoin.com/

Bitcointalk thread - https://bitcointalk.org/index.php?topic=545886.0
Miner232432
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March 01, 2014, 03:16:54 PM
 #3755


Here is the source code:

Code:
static const int LAST_POW_BLOCK = 10000;

if (IsProofOfWork() && nHeight > LAST_POW_BLOCK)
        return DoS(100, error("AcceptBlock() : reject proof-of-work at height %d", nHeight))

So NO, you are incorrect. POW will stop when nHeight is over 10000.  nHeight is now currently 9600.  So only 400 more blocks then no more POW.
At the current rate this will take less than 4 more hours.

"LAST_POW_BLOCK"

Are there variables for POS_BLOCK and a variable for BLOCK as well ?

Why list 100,000,000 coins in the announcement if he knows full there's going to be less due to POS blocks counting towards overall sum of blocks ?

I am blunt, don't like it ? Too bad
DarthScabrous
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March 01, 2014, 03:17:23 PM
 #3756

upgraded to new wallet, says my time to reward is 6 days?  Da fuk?
Stanr010
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March 01, 2014, 03:20:04 PM
 #3757

upgraded to new wallet, says my time to reward is 6 days?  Da fuk?

lol i got 10 days...
sgi02
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March 01, 2014, 03:23:25 PM
 #3758

Small gripe... Could we get the current BC logo upon startup of the wallet vs the generic wallet pic?
souljah1h
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March 01, 2014, 03:24:17 PM
 #3759

If its needed i can/will make a new website for blackcoin. Interest?

That would be great. Could you please show us a sample of how the website would be?

If you really want it, i will make something. But i'm not gonna spend my time building a website when its not used Cheesy

_@/'
Jabulon
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March 01, 2014, 03:25:09 PM
 #3760

upgraded to new wallet, says my time to reward is 6 days?  Da fuk?

lol i got 10 days...

Chill man, it's just an estimate based on some heuristical guesswork of your penis-size. Here's the source code:
get_penis_SIZE_millimeters:calcdays_est_to_PoSreward.

Visit NightBark Music, home of the BlackCoin Music Video! https://www.youtube.com/user/nightbarkmusic
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