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

[ManMachine]

whats up with the rumor BC going to cryptsy today?
just fake?

[1714940266]

1714940266

[ski92]

Im down for a BC card  

Lets face it Banks dont like crypto, but the amount of cash that is flowing, they will get in sometime in the future.

I had an example today of why crypto is so good, i paid a $200 check in today in the uk, I was told this may take 28 days to clear into my account and they might write to me to confirm it? seriously this day and age, and a check in $ is considered "sketchy", ok thanks natwest  
ive only had a current account for many years and the cheque is from Corsair memory INC.  

[Djinou94]

Can someone post that pix of that card from previous posts. I can't find it.
I have to see it one more time 

Do your best my friend
If You success you deserve a big donation from the community

[PeterPalmBeach]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

[PeterPalmBeach]

News about mt.gox found 670,000 BTC's.
Can you look at the photo of M. Karpeles.... WTF 
http://www.cryptonews.biz/mtgox-found-bitcoin-670000-more-according-to-insider/

[IconicExpert]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

What is the url for this pool?

[PeterPalmBeach]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

What is the url for this pool?

SCRYPT:
http://www.cryptoalts.com/
http://blackcoinminer.com/
http://blackcoinpool.com/

SHA256
http://www.bc256pool.com/
stratum+tcp://blackcoinpool.com:4444 - in beta

Those numbers above are totals

[kana]

RE: BlackCoin virtual/real Visa and Mastercard

tl;dr this will never happen.

Preface: I'm not saying this to hurt BlackCoin. I believe in it, am invested in it, and put my company into it.

Content: That said, there's a lot of naivete going around here, from buyers who haven't been around the crypto community very long, and I think it needs to be set right. There is no point in people getting their expectations up about this.

This card will never exist. There have been a couple attempts since 2011 to do this with Bitcoin. The closest anyone got I'm pretty sure was Charlie Shrem. Visa/MC declined to give him permission after rounds of legal back and forth. At the time that was not V/MC policy because they had no policy on it. Now it is.

Visa and Mastercard have the ultimate say over whether a certain card will be issued, and they have a lot to lose from virtual currencies. They are not going to allow a direct route for withdrawal from crypto to fiat through an ATM. It's not going to happen.

I'm not saying this to burst anyone's bubble, I'm saying it so that a bubble will not form around this idea. Because those of us who've been transacting in crypto/fiat for a long time now understand that this is completely blocked by the card companies and is not going to get off the ground.

I completely appreciate what the OP is trying to do here and applaud his enthusiasm, but prior to a conversation with the card companies this is nothing.

I agree for the most part, but banks have started to soften there stance on bitcoin in recent years.

[MashRinx]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

I have to admit, these pools are confusing to me.  Are the payouts coming from one of the existing wallet balances?  Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?

[PeterPalmBeach]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

I have to admit, these pools are confusing to me.  Are the payouts coming from one of the existing wallet balances?  Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?

They mine other ALTs, dump them on the market and buy BC

[mczarnek]

It was the first hybrid PoW/PoS to go to only PoS with 0 premine and no IPO...... others=crap

I think IPO was genius, now they creators have a lot of money that they can use to create a really awesome product.  Oh well, I guess we all have our favorites..  Nxt has huge things coming it's way though.

[kana]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

I have to admit, these pools are confusing to me.  Are the payouts coming from one of the existing wallet balances?  Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?

The pools mine a coin that is PoW and sell it for btc, they then buy bc with it to give to the miners. So far they are not the most profitable but I see them as a kind of confidence booster for people looking to get into bc.

[kana]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

I have to admit, these pools are confusing to me.  Are the payouts coming from one of the existing wallet balances?  Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?

The pools mine a coin that is PoW and sell it for btc, they then buy bc with it to give to the miners. So far they are not the most profitable but I see them as a kind of confidence booster for people looking to get into bc.

IPO's can be very good, but a lot of them are just money grabs.

[MashRinx]

BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt:   630MH/s
SHA256: 1000GH/s

and growing...

I have to admit, these pools are confusing to me.  Are the payouts coming from one of the existing wallet balances?  Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?

They mine other ALTs, dump them on the market and buy BC

Okay, now I admit that was a dumb question.  Thanks for the response though 

[virtualfaqs]

It was the first hybrid PoW/PoS to go to only PoS with 0 premine and no IPO...... others=crap

I think IPO was genius, now they creators have a lot of money that they can use to create a really awesome product.  Oh well, I guess we all have our favorites..  Nxt has huge things coming it's way though.

IPO has been done before. Also Nxt is not faring well in the downturn. Already lost 25% market cap. NXT transaction fee is so high at 1.0, it discourages small transactions. So Who pays the 1.0 NXT on deposits to exchanges? And withdrawals?

But if you truly believe in a coin, why need IPO? Mine and buy like the rest of us? Invest and develop, and you'll be paid commission based on how much the coin goes up?

[blade87]

If anyone is having trouble viewing my pool site below, crtl+shift+del and delete your browser cache. Firefox is especially stupid/excessive with its caching.

[alison03]

why can't the wallet have an option to only be unlocked for staking but not allow for any transactions to be SENT? then ppl could leave their wallets unlocked to stake without worry of being stolen.

Good point we will try ask rar4 for that feature.Something like transaction password block

That is already in there. I have mine unlocked and can't send transactions without entering my pass.

If I go to settings a drop down menu appears with three choices: encrypt wallet, change passphrase, and unlock wallet. Change passphrase and unlock wallet are both grayed out and unclickable. How do I do this so I can't send transactions? Do I need to encrypt the wallet first?

[ssaCEO]

RE: BlackCoin virtual/real Visa and Mastercard

tl;dr this will never happen.

Preface: I'm not saying this to hurt BlackCoin. I believe in it, am invested in it, and put my company into it.

Content: That said, there's a lot of naivete going around here, from buyers who haven't been around the crypto community very long, and I think it needs to be set right. There is no point in people getting their expectations up about this.

This card will never exist. There have been a couple attempts since 2011 to do this with Bitcoin. The closest anyone got I'm pretty sure was Charlie Shrem. Visa/MC declined to give him permission after rounds of legal back and forth. At the time that was not V/MC policy because they had no policy on it. Now it is.

Visa and Mastercard have the ultimate say over whether a certain card will be issued, and they have a lot to lose from virtual currencies. They are not going to allow a direct route for withdrawal from crypto to fiat through an ATM. It's not going to happen.

I'm not saying this to burst anyone's bubble, I'm saying it so that a bubble will not form around this idea. Because those of us who've been transacting in crypto/fiat for a long time now understand that this is completely blocked by the card companies and is not going to get off the ground.

I completely appreciate what the OP is trying to do here and applaud his enthusiasm, but prior to a conversation with the card companies this is nothing.

Thank you for your comments.

First read this if you haven't: https://bitcointalk.org/index.php?topic=469640.msg5955668#msg5955668

With all do respect but that is your opinion and you are entitled to it. There are already dedicated Bitcoin ATM machines in the US, and Canada has decided to allow customers to withdraw Bitcoin funds from standard ATM machines. You can already move your cryptocurrencies to a debit card with a few extra steps. I am just eliminating the few extra steps to make it easier for everyone. As I pointed out in my post it will not be called a credit card, but a rewards card. I am not attempting to be a financial institution issuing credit cards, or even PayPal, that is an entirely different thing. People will just be redeeming their BlackCoins for a branded BlackCoin debit card. To say something will never happen is simply ignorant, just as ignorant as me saying it will definitely happen. I rather try my best and be denied, than not try at all because of someone else being denied in the past, or because someone doesn't believe it can happen. And for the record, the representative I spoke with this morning said I have more than a 50% chance getting this approved with the wording and implementation I illustrated.    


PS: I remember the naysayers who said no major retail store would ever accept Bitcoin, how did that prediction pan out?

The Bitcoin ATMs operate by doing BTC<>USD conversion on an exchange before they spit out the money and they are NOT using Visa/MC or any other fiat payment gateways to run the transactions. The whole reason they are "bitcoin atms" is because they are stand-alone machines, like a soda machine, operated by a private owner, who chooses to release BTC for a certain price against the inbound transaction.

There is no way that cirrus or visa or other networks will allow a card that withdraws a crypto directly to fiat.

I'm not trying to shoot down your idea, but I remember when Charlie and a lot of people were really optimistic about it. They started the project when we were at about $30 and they got rejected by MC sometime around the $200 level (for Bitcoin). Because technically, there's nothing illegal or wrong about this. Trust me, it will not fly. Do the research first with V & MC so you don't waste a lot of money before you find out they won't let you do this.

Also Charlie is under house arrest now. In theory that doesn't have anything to do with this but in practice it's probably just not something you want to lean on real hard.

[foaman]

Can someone post that pix of that card from previous posts. I can't find it.
I have to see it one more time 

Do your best my friend
If You success you deserve a big donation from the community

I agree go for it the only thing they can say is NO.  even if it was tried before that was then, that was before BTC started getting accepted at Overstock and TigerDirect.  might not happen at all but its worth a try, times have changed a little.

[ssaCEO]

When pondering this a few weeks ago, I did come across various pre-load card sites for bitcoin (e.g. https://bitplastic.com/) - are these all scams?

I'm not familiar w/ bitplastic. I couldn't say if it's a scam or not. But it must be set up as a fiat type of prepaid card... meaning you'd need to send your BTC somewhere to preload it in dollars or euros. Basically a private buyers service that then loads your card with fiat. This is a runaround (in some sense) but there is no way they're doing it as an on-the-fly conversion, and it probably means sending your BTC to a questionable anonymous account first. Personally I'd rather just sell BTC on a legitimate exchange when I want to.