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

[daniel2323]

whats controlling what the multipool auto buys at? is it just what the latest sell prices are? If so the entire multipool could be manipulated by whales. If the multipool buys on average prices then whales making the price drop in the markets effects could be minimal on auto buy prices for the multipool.

additionally is the multipool buys as it goes or at certain times? like 5 times a day or sth? anyone idea how it works?

[XbladeX]

Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed?  I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS?

https://bitcointalk.org/index.php?topic=168924.0

"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed:  As of yet none of the proof of stake proposals are workable because there is nothing at stake!   If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win.  Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral.  Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "

Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it

Try find ra4t posts, main dev of this coin.
Generaly there can be forks problem with POS but
R4t make something in code to prevent it and it works.
BC hasn't forked even once...
Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.
He called it Black magic.
BC is safe so far i think he found some solutions to that.
Probably he found some good parameters to prevent forks.
I don't have reason to not believe him.

BC has forked before, during PoW to start PoS at 5k blocks instead of 10k.

Yes but that was planned fork to get rid of some bug.
I was talking about parallel forks without control on them
as result of pure POS failture.

[kaduwall]

To everyone focused on BC trading, just a tip, take a look at TAKcoin on Mintpal/Cryptsy. 
The train has just departed!

[SloRules]

whats controlling what the multipool auto buys at? is it just what the latest sell prices are? If so the entire multipool could be manipulated by whales. If the multipool buys on average prices then whales making the price drop in the markets effects could be minimal on auto buy prices for the multipool.

additionally is the multipool buys as it goes or at certain times? like 5 times a day or sth? anyone idea how it works?

I think it was stated that during beta its done manualy, twice or so a day.

[Sancho]

How do I request a payout on the black coin multipool?

[PDcologne]

To everyone focused on BC trading, just a tip, take a look at TAKcoin on Mintpal/Cryptsy. 
The train has just departed!

+1 i have been waiting all week for this... my sells @198.... bought @93 - hope tonight they get sold....so i can buy more BC

[davetheshrew]

Status: 0/unconfirmed
Date: 3/15/2014 21:16
To: BB7cs6SKf1PoLpeFKSGpb25Sr5DoEMHRcd
Debit: -4151.17544093 BC
Transaction fee: -0.0001 BC
Net amount: -4151.17554093 BC
Transaction ID: 2158a13db5df8f1abef0d3504ed3de6805eca9bf4660c7879fc35a4cd570c096
  should i consider these coins lost

is there are fork or someting ?

you sent them on the old blockchain, it was a hard fork at block 5000 and everyone was notified well in advance and reminded constantly until it happens, bad luck buddy all your coins are vaporised.

[regmann]

Status: 0/unconfirmed
Date: 3/15/2014 21:16
To: BB7cs6SKf1PoLpeFKSGpb25Sr5DoEMHRcd
Debit: -4151.17544093 BC
Transaction fee: -0.0001 BC
Net amount: -4151.17554093 BC
Transaction ID: 2158a13db5df8f1abef0d3504ed3de6805eca9bf4660c7879fc35a4cd570c096
  should i consider these coins lost

is there are fork or someting ?

you sent them on the old blockchain, it was a hard fork at block 5000 and everyone was notified well in advance and reminded constantly until it happens, bad luck buddy all your coins are vaporised.

ty all i needed to know

fucking forks XD

[SeriousCoins14]

Anybody panicking out there need a ray of sunshine?

Click here:
http://agran.net/bc_getbalance.php?top=100

Price is down, you can refresh and watch the top 10 wallets grow. #1 was @ 2 million coins earlier, now its over 3. Gobble gobble nom nom nom

edit: since the time I posted this #1 moved up over 100k.

[davetheshrew]

Status: 0/unconfirmed
Date: 3/15/2014 21:16
To: BB7cs6SKf1PoLpeFKSGpb25Sr5DoEMHRcd
Debit: -4151.17544093 BC
Transaction fee: -0.0001 BC
Net amount: -4151.17554093 BC
Transaction ID: 2158a13db5df8f1abef0d3504ed3de6805eca9bf4660c7879fc35a4cd570c096
  should i consider these coins lost

is there are fork or someting ?

you sent them on the old blockchain, it was a hard fork at block 5000 and everyone was notified well in advance and reminded constantly until it happens, bad luck buddy all your coins are vaporised.

ty all i needed to know

fucking forks XD

it was a hard fork not a 51% attack, needed to happen, sorry buddy wish you read the first post to download new wallet before you sent your coins.

[princesultan1]

To everyone focused on BC trading, just a tip, take a look at TAKcoin on Mintpal/Cryptsy. 
The train has just departed!

Bought at 170. Thanks!

[bitcoinwonders010]

To everyone focused on BC trading, just a tip, take a look at TAKcoin on Mintpal/Cryptsy. 
The train has just departed!

Bought at 170. Thanks!

were at 250 now

[neilh]

The whales are also buying at the sale price, believe it. The buy walls are just a safety net in case the price falls enough for a bargain.

That's an organized pump where all players put their buy orders at the same price. Buyers be careful. I would never say 'buy and you'll make profit', but you could profit if you buy at the right time. At this point, you're too late. Buy at 4000 satoshi to get a 20% profit to 5000 satoshi, at what cost? This thing is a bubble and you could easily lose 50% in a single big dump (or become a bag holder, like maxcoin). It'll prolly get to 5000 satoshi but I expect high resistance beyond that..

Maybe you're right, but compared to maxcoin!  

It's pow and with a 250mil cap, unlike BC pos with 75mil. Which now has a
multipool and is dumping other altcoins to transfer that into BC, how is it
like a maxcoin bag holder exactly?

[koralon]

Anybody panicking out there need a ray of sunshine?

Click here:
http://agran.net/bc_getbalance.php?top=100

Price is down, you can refresh and watch the top 10 wallets grow. #1 was @ 2 million coins earlier, now its over 3. Gobble gobble nom nom nom

edit: since the time I posted this #1 moved up over 100k.

Probably Mintpal's wallet address.

[ComPared]

The price is downhill!

Hold oooooooooooooooooooooooon!!

[lonely@thetop]

Anybody panicking out there need a ray of sunshine?

Click here:
http://agran.net/bc_getbalance.php?top=100

Price is down, you can refresh and watch the top 10 wallets grow. #1 was @ 2 million coins earlier, now its over 3. Gobble gobble nom nom nom

edit: since the time I posted this #1 moved up over 100k.

This doesn't show the correct amount for my wallet.

[derBruchpilotPro]

7.8BTC buy wall on 2790, how we don't feed the whales an thats just the MP.

EDIT: on mintpal

[Fraxinus]

7.8BTC buy wall on 2790, how we don't feed the whales an thats just the MP.

And a 10 btc buy wall at 3078

[eightspaces]

wow, what an an insane rise and fall

exciting

[derBruchpilotPro]

and rise.