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

[lonely@thetop]

Aphrodite coin... wtf? Another country shitcoin with 75% premine and people are still falling for this as it's 5th on coinmarketcap? A nice "month away airdrop" date so that hype can be built and 75% premine shoved up to sheeps throats. Bah this BS makes me sick.

[mr_random]

Blackcoin at an all time high price on Mintpal.

Breaking though that 5000 satoshi barrier is going to prove significant. Last time we stumbled at that point and then a panic dump occurred. Confidence regrew and the price has gradually rebuilt itself over the last week back up to 5000 and this time we smashed through it   This is an extremely bullish indicator (recovering from a dump and then going onto new highs in price). We may now see a massive pump here as people get excited. I would prefer though to see more of this gradual smooth rise in price we have seen. Either way, long term I see only moons and rockets for this coin... especially with no mined coins getting dumped on the market every day.

/todays analysis over  

[jamieb81]

Aphrodite coin... wtf? Another country shitcoin with 75% premine and people are still falling for this as it's 5th on coinmarketcap? A nice "month away airdrop" date so that hype can be built and 75% premine shoved up to sheeps throats. Bah this BS makes me sick.

well what about Greececoin that just launched? lol it had a huge trade volume right now and just the same as Spaincoin etc..

[jamieb81]

it's heading toward the 6000 right now, it as 5830 on mintpal a few seconds ago

[Fraxinus]

Blackcoin at an all time high price on Mintpal.

Breaking though that 5000 satoshi barrier is going to prove significant. Last time we stumbled at that point and then a panic dump occurred. Confidence regrew and the price has gradually rebuilt itself over the last week back up to 5000 and this time we smashed through it   This is an extremely bullish indicator (recovering from a dump and then going onto new highs in price). We may now see a massive pump here as people get excited. I would prefer though to see more of this gradual smooth rise in price we have seen. Either way, long term I see only moons and rockets for this coin... especially with no mined coins getting dumped on the market every day.

/todays analysis over  

Perfect analysis, and on top of that don't forget the multipool. Will boost price even more and stabilize it more
Nearing 6k level.

[wu21456]

Blackcoin at an all time high price on Mintpal.

Breaking though that 5000 satoshi barrier is going to prove significant. Last time we stumbled at that point and then a panic dump occurred. Confidence regrew and the price has gradually rebuilt itself over the last week back up to 5000 and this time we smashed through it   This is an extremely bullish indicator (recovering from a dump and then going onto new highs in price). We may now see a massive pump here as people get excited. I would prefer though to see more of this gradual smooth rise in price we have seen. Either way, long term I see only moons and rockets for this coin... especially with no mined coins getting dumped on the market every day.

/todays analysis over  

5000 satoshi is behind us. Next target: 10k satoshi.

[Vann]

Well it sure seems BC has left the station en route to destinations unknown. Refreshing to see organic growth in an altcoin for a change.

[Lokken86]

And the inevitable dump......

[ssaCEO]

Aphrodite coin... wtf? Another country shitcoin with 75% premine and people are still falling for this as it's 5th on coinmarketcap? A nice "month away airdrop" date so that hype can be built and 75% premine shoved up to sheeps throats. Bah this BS makes me sick.

well what about Greececoin that just launched? lol it had a huge trade volume right now and just the same as Spaincoin etc..

I have to say - I was a bit of a Mazacoin sucker, and several weeks ago we actually got close to choosing that coin as an alternate, primarily because of its connection to the Lakota and their gambling license. I should say alleged connection. Luckily we didn't pull the trigger on that, lol.

That said I think it comes down to this: All virtual currency as prototyped by Satoshi is still really in its infancy. People are still figuring out what to do with it. The alts seem to break into two camps - the camp that tries to target a certain audience or a certain need, and the camp that tries to improve on the basic economic model. For a gambling site, there is some attraction to a coin like Maza if it were really officially backed by a gambling jurisdiction. If or when something like that comes along, we would jump on board. But for the most part, the second camp (that tweaks the economic model for specific, better results) is going to win this battle. And BlackCoin just stands out as a far more fundamentally viable currency system than anything else out there.

There's also, I think, some gray area out there in between hardcore hard-currency believers, and on the other hand people who want to believe in an endless money supply. BlackCoin may or may not strike the right balance in the long run, but it seems quite close, and I think that's why it's generating so much interest.

Obviously, to run a casino in the currency means to take a long-term long position on it. I'm excited for the mining pools to come up, but equally so for more merchants to get involved. Other casinos stand back, though! StrikeSapphire is going to be THE BlackCoin casino!

[IconicExpert]

Hi All! I know everyone is excited by the growth of BlackCoin. Many of us have supported the coin from day one and have predicted it will be successful. I know everyone has predicted numerous targets, but I do believe based on other coins with similar volume and community support, it will settle around $5-$8 USD. However, how quick this happens depends on a few things that is suppressing BlackCoin's growth. A successful coin must be bought and sold to keep momentum going, but we do not have to try and undercut each other to make a profit.

1.) If you are going to sell your coins do not try and undercut your fellow sellers. If you see a sell order for 0.00005337, you do not have to set your sell order to 0.00005336. A few sat do not matter either way. However, undercutting your fellow sellers usually starts a race to the bottom because the next seller sets his/her sell order to 0.00005335 and next thing you know we are down 200 sat because of greed and lack of patience. If you set your sell order higher than the current sell order it WILL be bought, just have a little patience.

2.) Please stop trying to unload a bunch of BlackCoins in one sell order. When buyers see a large sell order of 2 BTC and above they think a dump is coming and are hesitant to buy. Break your orders up into smaller chunks. It is better for you and the community in a whole.

3.) Don't stop buying BlackCoin. Even if you only buy 10- 100 coins every now and then, it keeps the momentum and volume up. If people think a coin is stagnant they will just start dumping the coin. Although I hold a considerable amount of BlackCoins, I still buy a few every day to keep the momentum going.

[PeterPalmBeach]

And the inevitable dump......

Temporary....

[Lokken86]

And the inevitable dump......

Temporary....

I know. But It cant just keep skyrocketing and I don't want it too either. My bet is we will see 3500/4000 again for a short while and over 6000/7000 on the next big push.

[PDcologne]

Hi All! I know everyone is excited by the growth of BlackCoin. Many of us have supported the coin from day one and have predicted it will be successful. I know everyone has predicted numerous targets, but I do believe based on other coins with similar volume and community support, it will settle around $5-$8 USD. However, how quick this happens depends on a few things that is suppressing BlackCoin's growth. A successful coin must be bought and sold to keep momentum going, but we do not have to try and undercut each other to make a profit.

1.) If you are going to sell your coins do not try and undercut your fellow sellers. If you see a sell order for 0.00005337, you do not have to set your sell order to 0.00005336. A few sat do not matter either way. However, undercutting your fellow sellers usually starts a race to the bottom because the next seller sets his/her sell order to 0.00005335 and next thing you know we are down 200 sat because of greed and lack of patience. If you set your sell order higher than the current sell order it WILL be bought, just have a little patience.

2.) Please stop trying to unload a bunch of BlackCoins in one sell order. When buyers see a large sell order of 2 BTC and above they think a dump is coming and are hesitant to buy. Break your orders up into smaller chunks. It is better for you and the community in a whole.

3.) Don't stop buying BlackCoin. Even if you only buy 10- 100 coins every now and then, it keeps the momentum and volume up. If people think a coin is stagnant they will just start dumping the coin. Although I hold a considerable amount of BlackCoins, I still buy a few every day to keep the momentum going.

+1 could not say it any better myself....!

[machinez]

mintpal price is way too low. Poloniex is already at 0.00006150  

[dickfever]

loving this coin, great community, great devs. this is some moonish sheeeet right here

[machinez]

And the inevitable dump......

Temporary....

I know. But It cant just keep skyrocketing and I don't want it too either. My bet is we will see 3500/4000 again for a short while and over 6000/7000 on the next big push.

in case the dumpers didnt read, i'll requote this from the dev log

"We are currently pretty much ready to go open beta, the only thing stopping us right now, is that the team is exhausted (8 AM eastern here, some of our guys pulled 14-15 hours today.) Since we want to closely monitor open beta and have staff on hand to mitigate any issues, we have decided to postpone Open Beta till some time Sunday-- however we do plan on running it for all of next week in open mode (this may change, but right now this is the plan.) "

i'm hoping it will be reopen sometime today

[kennyss]

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[roguenine]

Sigh. Missing that 75,000 I traded for mintcoin a couple weeks ago more than ever right now

[jamieb81]

Hmm russian exchange? looking at how Russia is agains Crytpo I would be careful

[x0rcist]

Simple question: What makes blackcoin substantially and essentially diffferent from peercoin, novacoin and mintcoin?

Assuming this is a legitimate question and not a trolling attempt.

Peercoin and Novacoin are a hyrbid of proof of work and proof of stake. Blackcoin is proof of stake only making it more environmentally friendly.

Mintcoin is similar to Blackcoin except it's premined and the proof of stake rate of interest is 20% rather than Blackcoin's 1%. 20% interest rate is too high for various reasons discussed already.

It's more than technical specifications that make a coin though. Otherwise Litecoin would have the same market cap as Bitcoin. It's also community support and the quality of the dev team (blackcoin has a great one as demonstrated by the blackcoin multicoin concept being pioneered).

I am not troling. I am beeing a potential investors understanding his investments and asking questions for that purpose.
So...
Where does the POS code come from? I assume it is based on PPC?
There was a reason (security reasons) why PPC does not rely on POS completely and not that quick. Did Mintcion/Blackcoin overcome this?

I'm not a coin dev so can't answer that with authority. I read someone else say on here that the Blackcoin code is using a modified version of PPCoin's staking algorithm. However I don't know how accurate that statement is (he seemed to know what he was talking about but I lack the knowledge to verify it).

Sunny the PPC dev brilliant though he is has always been vague about PPC and it's security issues.

Understood. To my knowledge, Sunny King sorted the matter out already over a month ago. To wit:

The protocol upgrade in 0.3.0 includes a new algorithm to derive proof-of-stake hash modifier, the entity that scrambles computation for stake owners, which replaces the current proof-of-stake difficulty used as modifier in 0.2 protocol. The design was started late September last year, when I first began to realize the issues with using difficulty as modifier. Honorary mention also goes to Jutarul, who independently discovered and verified an issue with using difficulty as modifier and published on bitcointalk in December last year, while successfully executed a demo attack on the block chain. Other changes in the protocol include starting hash weight from 0 at the 30-day mininum age, and requirement that coinstake timestamp must equal block timestamp. Overall 0.3 protocol should significantly strengthen the proof-of-stake protection and resolve the current known vulnerabilities.

My sincere appreciation to co-contributors of 0.3.0 release:

Robert VanHazinga of Hartland PC (dreamwatcher) for the vanitygen compatibility fix
Jutarul for demonstrating stake generation vulnerability
EskimoBob for reporting issue fixed in 0.3.0

You mean that PPC has solved the security issues and now could works as pure POS too?

That is my understanding.

Then my initial question is still valid. What specifically is better about Blockcoin compared to PPC?

PPC generates a lot of new Proof of Work coins each day, if these are sold directly PPC needs a lot of BTC each day to sustain the price. With blackcoin the inflation is only 1% per year so it needs a much lower daily flow of BTC to keep the price steady. This is the biggest advantage of BC over PPC. Also dont forget the energy efficient part as there is no need for a expensive miner rig to generate new coins.