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

[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]

hey!!
new market for Blackcoin!!
proffesional trading platform (protrader for crypto! )
BC pair BC\ltc, BC\btc, BC\clr , BC\xpr
Please use the promo code 1205 or link https://upbit.org/?ref=1205
not ref link  https://upbit.org/
thx  
support  skype "support-upbit" (Swissland)

[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.

[dzonikg28]

Waiting for the price to drop

[MintPal]

This coin is excellent and innovative, no wonder why this is on our exchange at this moment

[jamieb81]

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

BTCe is russian ..i was always nervous about BTCE but after 2 years never had any single problem with it ..and ones who were "From the west" became scum like coinmarket.io and off course mtgox

fair enough yes

[v1l3n1n2]

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.

Thats sound like a plan

[litecoinbc]

This coin is excellent and innovative, no wonder why this is on our exchange at this moment

Verified MintPal account or scam account starting?

[freshmeat]

i have never seen a starting moon  altcoin like that omfg !!

[MintPal-Jason]

This coin is excellent and innovative, no wonder why this is on our exchange at this moment

Verified MintPal account or scam account starting?

It's a scam account & has been reported. The only verified accounts are MintPal-Jason & MintPal-Jay

Thanks

[jamieb81]

downward price trend of BC right now on mintpal? people hold your coins!

[ThePatient]

Is it possible for BC to reach .01 btc?

[PeterPalmBeach]

Is it possible for BC to reach .01 btc?

With time, community, commitment, acceptance etc... YES it can and I think it will.

[Gabkicks]

 i see some sell orders going in for much lower than the highest buy order...wtf ? maybe they are just accidentally selling low .