00Smurf
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March 12, 2014, 12:03:52 PM |
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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.
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keshuker
Sr. Member
Offline
Activity: 395
Merit: 250
aka. dibdab
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March 12, 2014, 12:10:45 PM |
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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
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Hampuz
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March 12, 2014, 12:16:03 PM |
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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
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brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
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March 12, 2014, 12:32:31 PM |
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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
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Hampuz
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March 12, 2014, 12:35:00 PM |
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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. :-)
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brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
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March 12, 2014, 12:41:37 PM |
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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.
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regnevacs
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March 12, 2014, 12:44:49 PM |
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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.
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colinfx
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March 12, 2014, 01:03:00 PM |
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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.
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brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
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March 12, 2014, 01:05:30 PM |
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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.
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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March 12, 2014, 01:13:48 PM |
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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.
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Request / 26th September / 2022 APP-06-22-4587
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colinfx
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March 12, 2014, 01:14:29 PM |
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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.
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colinfx
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March 12, 2014, 01:16:39 PM |
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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.
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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March 12, 2014, 01:20:32 PM |
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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
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Request / 26th September / 2022 APP-06-22-4587
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colinfx
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March 12, 2014, 01:36:53 PM |
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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!)
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Troj
Member
Offline
Activity: 66
Merit: 10
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March 12, 2014, 01:41:47 PM |
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Soepkip you're doing great! keep it up
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tacotime
Legendary
Offline
Activity: 1484
Merit: 1005
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March 12, 2014, 01:50:38 PM Last edit: March 12, 2014, 02:12:01 PM by tacotime |
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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=131901.0And diff PPCoin 0.2 and 0.3 You'll see why it's a bad idea to turn off PoW
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XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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MuffinMaster
Sr. Member
Offline
Activity: 1414
Merit: 265
Pepemo.vip
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March 12, 2014, 02:09:34 PM |
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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
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jacek1973
Member
Offline
Activity: 84
Merit: 10
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March 12, 2014, 03:08:05 PM |
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Concrete 1000, now we go to 1500, proposes to put a wall in 1000 it will deter day traders
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Chiggins
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March 12, 2014, 03:09:27 PM |
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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.
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