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

[colinfx]

people, who sold recently, are trying to buy back

Yup, looks like it. Price just isn't coming down. Anyone reading this thread would have known this would happen!



You'd have to be blind not to be able to see these support areas.

[brightlight]

people, who sold recently, are trying to buy back

Yup, looks like it. Price just isn't coming down. Anyone reading this thread would have known this would happen!

For a moment I regret not selling in a hype, but now am happy that I was strong and kept coins in garage.

[blade87]

people, who sold recently, are trying to buy back

This works well for coins that have a constant generation through PoW and mine + dump. But with BC you're in 100% competition with others trying to do the same. It's a risk because at some point the coins just might not be there for anyone to rebuy. So you'll end with cases of "bought at 500, sold at 1000, rebought at 1200" much more frequently than with the traditional PoW alts.

[colinfx]

people, who sold recently, are trying to buy back

This works well for coins that have a constant generation through PoW and mine + dump. But with BC you're in 100% competition with others trying to do the same. It's a risk because at some point the coins just might not be there for anyone to rebuy. So you'll end with cases of "bought at 500, sold at 1000, rebought at 1200" much more frequently than with the traditional PoW alts.

+1

You explained that so much easier than I could!!!

[colinfx]

people, who sold recently, are trying to buy back

Yup, looks like it. Price just isn't coming down. Anyone reading this thread would have known this would happen!



You'd have to be blind not to be able to see these support areas.

Each leg up is one-way - there is no coin inflation!

[MuffinMaster]

people, who sold recently, are trying to buy back

This works well for coins that have a constant generation through PoW and mine + dump. But with BC you're in 100% competition with others trying to do the same. It's a risk because at some point the coins just might not be there for anyone to rebuy. So you'll end with cases of "bought at 500, sold at 1000, rebought at 1200" much more frequently than with the traditional PoW alts.

+1

You explained that so much easier than I could!!!

someone thought they could drive the price down and get in cheaper, I don't think it worked out for them.

[jacek1973]

bought for 1000 sold for 1095
I bought for 910 sold for 1150
today a good day

[brightlight]

people, who sold recently, are trying to buy back

This works well for coins that have a constant generation through PoW and mine + dump. But with BC you're in 100% competition with others trying to do the same. It's a risk because at some point the coins just might not be there for anyone to rebuy. So you'll end with cases of "bought at 500, sold at 1000, rebought at 1200" much more frequently than with the traditional PoW alts.

+1

You explained that so much easier than I could!!!

As I always think... One bird in hand is worth two in the bush

[brightlight]

bought for 1000 sold for 1095
I bought for 910 sold for 1150
today a good day

You are lucky trader. Not everyone is ready for risk. I have lost much on other coins, so I switched to long term investment. Today I was lucky accidentally to earn 3k, but it was more a risky fun that I took by myself

[CoinBitch]

Status: conflicted
Date: 2014/3/12 Wednesday 10:54
Debit: 0.00 BC
Net amount: -32512.24186592 BC
Transaction ID: 645391e76684a2d87999880f0b66f2bd7fb769fd3ce9ab32fbce3279ef1963bc

Hi, I changed to newest wallet, but the mined 1.68460715 BC became conflicted, what's the problem?

you solved this problem?

[brightlight]

Let's hit 2000 tonight!

It's up to all those, who are involved in market with their coins. Let's not to over pump the coin. It's is better to establish new resistance level, for example at 1200 or 1300.

[colinfx]

Let's hit 2000 tonight!

I could imagine a spike to 2000 but next support floor might be 1500 area.

[brightlight]

Let's hit 2000 tonight!

I could imagine a spike to 2000 but next support floor might be 1500 area.

+1 in a very optimistic insight

[rat4]

What could happen when you don't include PoW blocks and you're only using entropy bits from PoS blocks (GetStakeEntropyBit() from main.cpp)?  Especially if you're producing most of the previous PoS blocks?

If attakers are producing most of blocks they can double spend and so on. If not then chanches to influence to the modifier are too low.

Unless the attackers start with a small percentage of stake and then progressively begin to burn more of it.

Stake modifier does not give direct advantage unless you know a vuln in sha256(sha256())
(Indirect one is that you can start precomputation earlier)

Okay; how do you select which chain is the correct one?

The longest in terms of cumulative difficulty.

You see no issue with this at all?  What would happen to Bitcoin if the cost of generating PoW blocks was negligible and an orphan was generated?

Which aspect of orphans worries you?

[brightlight]

44th place at coinmarketcap.com. Niiiiiice!

[tacotime]

I don't feel like belabouring the first point more, you'll see a bad thing happen when it happens.  It has nothing to do with SHA256d preimage resistance.

Which aspect of orphans worries you?

However, proof of stake, as implemented in nearly every currency so far, has one fundamental flaw: as one prominent Bitcoin developer put it, “there’s nothing at stake”. The meaning of the statement becomes clear when we attempt to analyze what exactly is going on in the event of an attempted 51% attack, the situation that any kind of proof-of-work like mechanism is intended to prevent. In a 51% attack, an attacker A sends a transaction from A to B, waits for the transaction to be confirmed in block K1 (with parent K), collects a product from B, and then immediately creates another block K2 on top of K – with a transaction sending the same bitcoins but this time from A to A. At that point, there are two blockchains, one from block K1 and another from block K2. If B can add blocks on top of K2 faster than the entire legitimate network can create blocks on top of K1, the K2 blockchain will win – and it will be as if the payment from A to B had never happened. The point of proof of work is to make it take a certain amount of computational power to create a block, so that in order for K2 to outrace K1 B would have to have more computational power than the entire legitimate network combined.

In the case of proof of stake, it doesn’t take computational power to create a work – instead, it takes money. In PPCoin, every “coin” has a chance per second of becoming the lucky coin that has the right to create a new valid block, so the more coins you have the faster you can create new blocks in the long run. Thus, a successful 51% attack, in theory, requires not having more computing power than the legitimate network, but more money than the legitimate network. But here we see the difference between proof of work and proof of stake: in proof of work, a miner can only mine on one fork at a time, so the legitimate network will support the legitimate blockchain and not an attacker’s blockchain. In proof of stake, however, as soon as a fork happens miners will have money in both forks at the same time, and so miners will be able to mine on both forks. In fact, if there is even the slightest chance that the attack will succeed, miners have the incentive to mine on both. If a miner has a large number of coins, the miner will want to oppose attacks to preserve the value of their own coins; in an ecosystem with small miners, however, network security potentially falls apart in a classic public goods problem as no single miner has substantial impact on the result and so every miner will act purely “selfishly”.

http://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/

[StolenCoinSalesman]

[MuffinMaster]

44th place at coinmarketcap.com. Niiiiiice!

number 11 in volume behind mazacoin (95k to 105k)

We should surpass maza in volume today.

[colinfx]

44th place at coinmarketcap.com. Niiiiiice!

number 11 in volume behind mazacoin (95k to 105k)

We should surpass maza in volume today.

[brightlight]

Vertcoin did go vertical, Blackcoin will go perpendicular