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

[00Smurf]

I knew they had the problem, I should have just been paying more attention to the number of zeros

Lol i was refreshing when that trade went buy, i almost snagged it. I've done the same thing though. gotta watch those zeros.

[keshuker]

Oh, BCmultipool is a great news!

Does anybody know how mintpal calculates the percentage changes of the coin value? I thought it was change in 24 hours, but obviously it's some other time span. Or is the current value compared to some average price?

It is from 24:00 gmt price

[Hampuz]

Why are people panic selling yet again? All I can see are good news about the future in this thread.. Ohwell, more cheap coins for us I guess

[brightlight]

Why are people panic selling yet again? All I can see are good news about the future in this thread.. Ohwell, more cheap coins for us I guess

After multi pools opening, price will go further. So I believe that new established price till that moment should be at least 1100 sat

Anything below is a good buy and bad sell. But in the market are involved full spectrum of emotions. People are acting according to different factors

[Hampuz]

Why are people panic selling yet again? All I can see are good news about the future in this thread.. Ohwell, more cheap coins for us I guess

After multi pools opening, price will go further. So I believe that new established price till that moment should be at least 1100 sat

I believe it should be even higher than that, we started at around 2000 sat, and now there is even someone who has lost over 500k (somehow), but im in this for the long haul, lowest i would ever consider sell SOME of my coins would be at 20,000 sat. lowest. :-)

[brightlight]

Why are people panic selling yet again? All I can see are good news about the future in this thread.. Ohwell, more cheap coins for us I guess

After multi pools opening, price will go further. So I believe that new established price till that moment should be at least 1100 sat

I believe it should be even higher than that, we started at around 2000 sat, and now there is even someone who has lost over 500k (somehow), but im in this for the long haul, lowest i would ever consider sell SOME of my coins would be at 20,000 sat. lowest. :-)

+1

Let's take some drinks and enjoy journey.

Oops, wait, I have to fix my second mining PC.

[regnevacs]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

[colinfx]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

The 1% per year means the coin price only needs to rise 1% per year in order for your investment to not lose value. Compare with MINT, the price will have to rise 20% in first year for holders to break even due to higher coin inflation.

1% per annum coin inflation is a big positive feature of BlackCoin. There is no huge new supply of coins to be dumped. If someone wants the coins, they have to buy them at market rate.

[brightlight]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

You have to unlock and open wallet for initiating the PoS, then open it time after time, when you are working on computer. To get reward open it for longer time till the mined amount is accepted and your coins moved to Stake position to mature mined coins. After it gets to maturing, there is no need for wallet to be opened.

And, yes, 1% inflation is the great thing that not everyone can chew up.

[XbladeX]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC.
BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC.
But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me )
I guess you belive it will get more value over time.Same is with BC.
But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you.
Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished.
Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more...

Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins.
1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC...
Do you see difference ?
I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC.
Funny none talk about it.

[colinfx]

Why are people panic selling yet again? All I can see are good news about the future in this thread.. Ohwell, more cheap coins for us I guess

After multi pools opening, price will go further. So I believe that new established price till that moment should be at least 1100 sat

I believe it should be even higher than that, we started at around 2000 sat, and now there is even someone who has lost over 500k (somehow), but im in this for the long haul, lowest i would ever consider sell SOME of my coins would be at 20,000 sat. lowest. :-)

Can you see BlackCoin with a $10million market cap? Any time in to the future.

That's x20 from here.

With no coin inflation, the long term holders are going to do very well indeed.

[colinfx]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC.
BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC.
But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me )
I guess you belive it will get more value over time.Same is with BC.
But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you.
Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished.
Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more...

Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins.
1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC...
Do you see difference ?
I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC.
Funny none talk about it.

The transaction speed for BC is amazing. It's much quicker to convert BTC to BC, make the transfer, then convert BC back to BTC.

[XbladeX]

Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?

for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?

if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.

Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC.
BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC.
But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me )
I guess you belive it will get more value over time.Same is with BC.
But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you.
Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished.
Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more...

Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins.
1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC...
Do you see difference ?
I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC.
Funny none talk about it.

The transaction speed for BC is amazing. It's much quicker to convert BTC to BC, make the transfer, then convert BC back to BTC.

+1 transfer money invented lol

[Soepkip]

Community Bounty Drive UPDATE

Total Donations Now: 76000.

The BC Multi-Pool Idea Fund

An awesome idea was launched and is currently being worked on: Creating a multipool for mining alt-coins and paying the miners out in BC by buying them from the exchanges. To support this project i've created a seperate donation address. I also put 5000 BC from the fund towards it.

BlackCoin Multi-Pool - 5500 BC

DONATE HERE: BMgegm2GwLg8npy8Kz6SNr8sw3YhCDJCLf

Bounty Update:

New website: http://blackcoin.co - Always finetuning!

Games:

First BlackJack site - 10000 BC

Graphics:

Professional grade YouTube video - 2000 BC

All graphics must be based on the logo in the op post.

Merchants:

First Service Merchant - 5000 BC

Other:

Articles about BlackCoin on websites with a minimum of 100 visitors a day - 500 BC (Limit: 8 )
#1 - http://altcoinauthority.com/2014/02/blackcoin-pos-on-steroids/ - 500 BC - SENT
#2 - http://www.cryptoarticles.com/crypto-news/2014/2/26/blackcoin-powpos-hybrid-with-bright-future - 500 BC - SENT
#3 - http://bitbillions.net/2014/03/04/alt-currencies-introducing-black-coin/ - 500 BC SENT

Also gave #3 500BC for give aways

Bounties Claimed:
Chinese translation - 400 BC - hdzw
Spanish translation - 400 BC - rest0r
French translation - 400 BC - Aknoth
Dutch translation - 400 BC - Troj
Polish translation - 400 BC - skarto
Russian translation - 400 BC
A detailed guide (including screenshots) on how to unlock your wallet and receive PoS. - 500 BC - Bobaf3tt
Game (ARCADE) site - 1000 BC - jayguar
BlackCoin Accepted Here buttons & Designs for 'Download Client' Buttons - 500 BC - rocketcoins
Dedicated BlackCoin Forum - 2000 BC - theneos
Finnish Translation - 400 BC - Chofoe
Scratch Game - 4000 BC - virtualdn - Also loaded up the card with 500 BC!
Reddit Tip Bot - 1500 BC - maarx
Filled Faucet - 422 BC
First Gambling Site - 7800 BC - b1nary
Investment Dice - 1000 BC
Test purposes - 120 BC
First Dice site - 7500 BC - maarx
First Goods Merchant - 10000 BC
Filled Faucet - 1000 BC
A professional design based on the logo on the current website. - 4000 BC - Soepkip


Bounty's set: 69842 BC
Bounty's paid: 46642 BC
Left: 5658 BC


Donations can go here:
BAsdtYwvu3a1ErmY7GxWM5squAJnwBJM1c


DONATE FOR THE MULTIPOOL!

[colinfx]

Bounty's set: 69842 BC
Bounty's paid: 46642 BC
Left: 5658 BC

Donations can go here:
BAsdtYwvu3a1ErmY7GxWM5squAJnwBJM1c

DONATE FOR THE MULTIPOOL!

DONATED another 1,001 BC - Keep up the great work!!!

(Everyone follow suit, even an occasional very small donation helps!)

[Troj]

Soepkip you're doing great! keep it up

[tacotime]

ComputeNextStakeModifier uses hashes of 64 blocks (both PoW and PoS) as source of entropy.
Compare 64 blocks to forge StakeModifier with 10 blocks to confirm transaction.

Read this thread more closely: https://bitcointalk.org/index.php?topic=131901.0

And diff PPCoin 0.2 and 0.3

You'll see why it's a bad idea to turn off PoW

[MuffinMaster]

Bounty's set: 69842 BC
Bounty's paid: 46642 BC
Left: 5658 BC

Donations can go here:
BAsdtYwvu3a1ErmY7GxWM5squAJnwBJM1c

DONATE FOR THE MULTIPOOL!

DONATED another 1,001 BC - Keep up the great work!!!

(Everyone follow suit, even an occasional very small donation helps!)

+1

I will switch 7mh once it comes online

[jacek1973]

Concrete 1000, now we go to 1500, proposes to put a wall in 1000 it will deter day traders

[Chiggins]

Oh wow, that BC Multipool sounds pretty neat, count me in for hopping in to the beta. I wish I had more for donations, but my stack is pretty thin.