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

[klangley11]

Why did Hash choose MINT really

Because I asked Notice I could ask for BC too... I think MINT and BC should not fight at each other - I know several persons who are supporters of both MINT and BC. Still, I wonder how both currencies could walk hand in hand without being counter-productive. I welcome any suggestion (the "we don't destroy the environment' part could help, but won't suffice, I think).
And, no we did not bribe them. But you are free to disbelieve me.

(I don't remember someone at MINT ever accusing BC of bribing someone. How elegant from BC to accuse of felony)

To reference to your quote above, it's probably best to use the comparative analogy of gold (BC) and silver (MINT). Quite accurate given the parameters on both coins.

Once people become acquainted with alts via the press of national cryptos, this may end up leading them to discover the real virtual gold and silver in the crypto world (for POS coins, at least).

They naturally complement each other.

[nearmiss]

Why did Hash choose MINT really

Because I asked Notice I could ask for BC too... I think MINT and BC should not fight at each other - I know several persons who are supporters of both MINT and BC. Still, I wonder how both currencies could walk hand in hand without being counter-productive. I welcome any suggestion (the "we don't destroy the environment' part could help, but won't suffice, I think).
And, no we did not bribe them. But you are free to disbelieve me.

(I don't remember someone at MINT ever accusing BC of bribing someone. How elegant from BC to accuse of felony)

Coins bribe exchanges and pools all the time, it isn't precedent setting.

As the owner of hashcows, mint came and asked.  I was thinking blackcoin might also be a fit, once any kinks were worked out with the process, but didn't realize it was such a one or the other decision from the blackcoin community.  

Fair enough, but its typically a safe bet people have gotten some kind of kickback. Its rare people do anything for free and I don't have any experience from mint or hashcows doing otherwise.

I also do not speak for anyone but myself.

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

[fiftyseven]

Why did Hash choose MINT really

Because I asked Notice I could ask for BC too... I think MINT and BC should not fight at each other - I know several persons who are supporters of both MINT and BC. Still, I wonder how both currencies could walk hand in hand without being counter-productive. I welcome any suggestion (the "we don't destroy the environment' part could help, but won't suffice, I think).
And, no we did not bribe them. But you are free to disbelieve me.

(I don't remember someone at MINT ever accusing BC of bribing someone. How elegant from BC to accuse of felony)

Coins bribe exchanges and pools all the time, it isn't precedent setting.

As the owner of hashcows, mint came and asked.  I was thinking blackcoin might also be a fit, once any kinks were worked out with the process, but didn't realize it was such a one or the other decision from the blackcoin community.  

Fair enough, but its typically a safe bet people have gotten some kind of kickback. Its rare people do anything for free and I don't have any experience from mint or hashcows doing otherwise.

I also do not speak for anyone but myself.

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

Hey, I'm all for hashcows offering BC & Mint payments. I have no Mint but don't have anything against it. I believe more in BC but the minute we start creating a little clique where we shout down everything else and think nothing else can compete is the moment we lose sight of how we started and the fact the fundamentals will eventually speak for themselves. Let the free market decide.

[RouletteRun]

Edit: imo alot of people don't like the idea of billions and billions of coins

I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet.

I agree with this fully, would I rather have a high value, low total number coin in the hands of a few, or a lower valued, high total number coin in the hands of the masses? I use the analogy of the American Gold Eagle coin versus the American dollar as my point. Which is used as the everyday currency? That's because it's in the hands of everybody and if the masses were to have a coin in their hands, this be the incentive for retailers, service providers and even workers to be paid in a digital currency. I was a BC miner and am still a BC holder and mining on the BlackCoin Pool beta, but my home coin is Nutcoin, and right now we are still very much in a distribution phase of the coin, it's been out for just under 3 months now and thankfully we've been flying low which is allowing for easy mining and a wider distribution of the coin before the whales take notice and try to grind it into the dirt. The wider the distribution of the coin, the harder it will be to manipulate the price and for the big holders to manufacture pump and dumps like we've been seeing with BC these past few days so the big boys can buy the coins the panic sellers are dumping at the bottom of the dumps at bargain prices. Hold your coins.

[lonely@thetop]

Why did Hash choose MINT really

Because I asked Notice I could ask for BC too... I think MINT and BC should not fight at each other - I know several persons who are supporters of both MINT and BC. Still, I wonder how both currencies could walk hand in hand without being counter-productive. I welcome any suggestion (the "we don't destroy the environment' part could help, but won't suffice, I think).
And, no we did not bribe them. But you are free to disbelieve me.

(I don't remember someone at MINT ever accusing BC of bribing someone. How elegant from BC to accuse of felony)

Coins bribe exchanges and pools all the time, it isn't precedent setting.

As the owner of hashcows, mint came and asked.  I was thinking blackcoin might also be a fit, once any kinks were worked out with the process, but didn't realize it was such a one or the other decision from the blackcoin community.  

Fair enough, but its typically a safe bet people have gotten some kind of kickback. Its rare people do anything for free and I don't have any experience from mint or hashcows doing otherwise.

I also do not speak for anyone but myself.

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

BC fundamentals did not change, the people you are arguing with are not BC ambassadors so you should not lose your interest in this coin because of it.

[blade87]

BC doesn't have the premine to bribe or pay or whatever you want to call it. I emailed multipool operators about the idea (maybe not hashcows, I don't remember now) before Radio even hit the scene.

What did I get? Zero responses.  

Either way, BC and MINT can both succeed. All they have to do is keep ripping ideas off each other as we go and we can both become the BTC and LTC of the PoS market.

[MuffinMaster]

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

Business is business, coins want to be listed and added to pools and they pay in what they have. Bribe/payment/bounty, no reason to get caught in the silliness yourself.

BC will rub people the wrong way as that is the nature of this coin as it does not confirm to the "normal". BC can't be changed or stopped on any silliness or drama in forum threads.

[yourstruly]

Edit: imo alot of people don't like the idea of billions and billions of coins

I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet.

I agree with this fully, would I rather have a high value, low total number coin in the hands of a few, or a lower valued, high total number coin in the hands of the masses? I use the analogy of the American Gold Eagle coin versus the American dollar as my point. Which is used as the everyday currency? That's because it's in the hands of everybody and if the masses were to have a coin in their hands, this be the incentive for retailers, service providers and even workers to be paid in a digital currency. I was a BC miner and am still a BC holder and mining on the BlackCoin Pool beta, but my home coin is Nutcoin, and right now we are still very much in a distribution phase of the coin, it's been out for just under 3 months now and thankfully we've been flying low which is allowing for easy mining and a wider distribution of the coin before the whales take notice and try to grind it into the dirt. The wider the distribution of the coin, the harder it will be to manipulate the price and for the big holders to manufacture pump and dumps like we've been seeing with BC these past few days so the big boys can buy the coins the panic sellers are dumping at the bottom of the dumps at bargain prices. Hold your coins.

You are ignoring the other points made in this thread about this.

[yourstruly]

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

Business is business, coins want to be listed and added to pools and they pay in what they have. Bribe/payment/bounty, no reason to get caught in the silliness yourself.

BC will rub people the wrong way as that is the nature of this coin as it does not confirm to the "normal". BC can't be changed or stopped on any silliness or drama in forum threads.

BC will inevitably cause a lot of drama because of what is being set in motion will inevitably absorb many other alt currencies.

[David Latapie]

Either way, BC and MINT can both succeed. All they have to rip ideas of each other as we go and we can both become the BTC and LTC of the PoS market.

I have exactly this idea. Look for "project F" on mintcoin thread and you will have a teasing of what I am thinking about at the moment (hint: this is a bit different that what mintcoin holders think, I will announce it there later on).

[virtualfaqs]

Edit: imo alot of people don't like the idea of billions and billions of coins

I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet.

I agree with this fully, would I rather have a high value, low total number coin in the hands of a few, or a lower valued, high total number coin in the hands of the masses? I use the analogy of the American Gold Eagle coin versus the American dollar as my point. Which is used as the everyday currency? That's because it's in the hands of everybody and if the masses were to have a coin in their hands, this be the incentive for retailers, service providers and even workers to be paid in a digital currency. I was a BC miner and am still a BC holder and mining on the BlackCoin Pool beta, but my home coin is Nutcoin, and right now we are still very much in a distribution phase of the coin, it's been out for just under 3 months now and thankfully we've been flying low which is allowing for easy mining and a wider distribution of the coin before the whales take notice and try to grind it into the dirt. The wider the distribution of the coin, the harder it will be to manipulate the price and for the big holders to manufacture pump and dumps like we've been seeing with BC these past few days so the big boys can buy the coins the panic sellers are dumping at the bottom of the dumps at bargain prices. Hold your coins.

What the hell is Nutcoin?

[nearmiss]

So as you say, 'its rate people do anything for free'...if the MINT crew paid me a bounty to add their coin, why would you consider such a payment a bribe, vs. paying for the work required to make it happen?  Its not like I had this feature ready to go and said 'pay me X coins to get yourself listed'. 

I thought of BC as I was building this feature, I was in at launch,  I've been idling in the irc channel since launch, have made some profits on personal trades with it.  Quickly losing interest in it though with such silliness.  oh well.

Business is business, coins want to be listed and added to pools and they pay in what they have. Bribe/payment/bounty, no reason to get caught in the silliness yourself.

BC will rub people the wrong way as that is the nature of this coin as it does not confirm to the "normal". BC can't be changed or stopped on any silliness or drama in forum threads.

Your implication was 'Why did hashcows add mint?  oh, they must have bribed them.'.  My only point is, all you had to do was ask, and I don't appreciate the implication.  Last I'll make any mention, as its not worthwhile.  

Happy Mining.

[David Latapie]

Your implication was 'Why did hashcows add mint?  oh, they must have bribed them.'.  My only point is, all you had to do was ask, and I don't appreciate the implication.  Last I'll make any mention, as its not worthwhile.

HE said he asked and got no answer.

Anyway, let us stop this. It will bing nothing good. We better stand together than tear each other apart.

For the PoS!

[solid12345]

I have nothing against Mintcoin but it just feels overpriced to me even at its bottom, for the same price I can buy a bigger stake of the total BC coin cap than I can MINT. Granted MINT does have the 20% interest but still, with BC taking off it made more economic sense to me to invest in BC.

[beakins0]

For the PoS!

David Latapie -- the fifth musketeer.   

[David Latapie]

David Latapie -- the fifth musketeer.  

You can't realise how true it is: I'm native from the same region as d'Artagnan (Gascogne)

[yourstruly]

Really doesn't matter if you are for or against, the market has spoken. BC has a larger market cap and greater volume, we are likely going to continue to grow bigger which will draw in more multipool miners.

[MuffinMaster]

BC will soon be past any of this nonsense. Onwards !

[ssaCEO]

 Mint is still a great coin with a good base but Mint is inferior to Black in every way.

In what ways is Blackcoin superior to Mintcoin?  I promise that I won't argue with you.  I sincerely want to know your opinion.

I promise I'll get to Mintcoin vs. Blackcoin but a preface here:

A lot of people in the crypto/libertarian community like to talk shit about central banks and how we need to revert to some kind of gold standard. What's often not discussed are the finer details: For instance, the world's central banks have presided over the money supply through the most radical expansion of wealth, higher living standards, longer lifespans and the most radical decrease of infant mortality in human history, through the course of the 19th century. They've also presided over the largest and deadliest wars in human history (although not necessarily as bad as they could have been given the technology, and for all their brutality, not necessarily more brutal than wars that had gone before).

Well. What this means is that no one with a knowledge of history can discount out of hand the idea that all economies are a non-zero-sum game in which the money supply needs to grow and contract to provide the necessary incentives to save or stimulus to invest. And so anything with a flat rate of interest or inflation is naturally a bit suspect, because human affairs just don't work that way. Shouldn't BC generate more money supply if more business is being done in the currency and people want to borrow it? Shouldn't MintCoin give less interest if it's apparent that its inflation is running out of control?

What we think we know is that Bitcoin itself is too prone to hoarding and too deflationary in nature. Therefore a proof-of-stake seems like a sensible idea, or at least a valuable experiment. The question for me about MintCoin is why that stake should be higher in the beginning. MintCoin's strategy for lowering stake by the year seems arbitrary and may become counterproductive at any point where the currency really begins to take off. It's an incentive to hoarding, at least for the first 5 years. And it's not an incentive to financing after that.

Is BlackCoin striking the right balance because it will always keep a 1% rate? Probably not exactly. However it's a lot closer to being a long-run fair bet than something that's going to arbitrarily dictate reduced interest rates annually with no regard for how many people adopt it or how they use it.

The only thing that could beat BlackCoin, imho, is a currency that paid interest based on volume transacted, using some algorithm to determine which transactions were truly long-running investments and rewarding those with a higher long-term interest rate (i.e., you start by earning A% per coin per 8 hours, but after a X amount of time determined by the liquidity of the market you top out at B%, some adjustable rate of interest based on an algorithm that determines how tight the money supply should be; holding coins longer than that, it starts to go back down). In the meantime, having a very low fixed rate of interest effectively allows BC to be a carry trade instrument for Mint and other high-yield coins, should prices stabilize after a couple of years. And whatever happens to the other coins, it can remain so.

[ed] and it's worth mentioning that multi-pool mining for other coins is basically a kind of carry trade arbitrage that's already being carried out in BC.

[RouletteRun]

Edit: imo alot of people don't like the idea of billions and billions of coins

I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet.

I agree with this fully, would I rather have a high value, low total number coin in the hands of a few, or a lower valued, high total number coin in the hands of the masses? I use the analogy of the American Gold Eagle coin versus the American dollar as my point. Which is used as the everyday currency? That's because it's in the hands of everybody and if the masses were to have a coin in their hands, this be the incentive for retailers, service providers and even workers to be paid in a digital currency. I was a BC miner and am still a BC holder and mining on the BlackCoin Pool beta, but my home coin is Nutcoin, and right now we are still very much in a distribution phase of the coin, it's been out for just under 3 months now and thankfully we've been flying low which is allowing for easy mining and a wider distribution of the coin before the whales take notice and try to grind it into the dirt. The wider the distribution of the coin, the harder it will be to manipulate the price and for the big holders to manufacture pump and dumps like we've been seeing with BC these past few days so the big boys can buy the coins the panic sellers are dumping at the bottom of the dumps at bargain prices. Hold your coins.

You are ignoring the other points made in this thread about this.

I fully understand dividing coins into 8 decimal places, but what I believe I'm seeing take place right now is the concentration of BlackCoin into too few hands. Maybe I'm wrong and we'll all get rich from BlackCoin, but I don't know that working from the scarcity principal is the only way to go. How when people are gobbling up BlackCoins as fast as we can do we at the same time distribute them to the masses for commercial use?