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

[Creaxy]

This message goes out to the fool that keeps dumping Blackcoin during the China thing and rebuying:

Stop doing it... you are a greedy fool and you will make more money if you just WAIT for the pool to push the price up.
If you wanna do crap like that go do it with Litecoin they are the pump+dump coin and they have the volume to support it.

The higher the price, the more people will notice the blackcoin multipool and the more money you make. So if you just be patient you will be make 10 times more money.

If you dont wait then the pools hashrate will probably go down and that could really screw up everyones chance of making money including yours.

So this goes out to everyone: Stop dumping your coins if bitcoin falls then everyone including you will lose money since the volume is not there to support it yet
The 500k volume is an exaggeration since sell orders of a large size can still significantly impact the price.

This is a very dangerous time to be dumping with these china rumors and if you keep doing it and the bottom falls out you wont be able to get your money out without significant loss. Just let the price build... the volume is not here yet to support a massive 100K+ dump on the market. If you keep selling and a big holder dumps the volume is not there yet to support it. So WAIT. The longer we all wait the better.

Consider how much money you will make if you just HOLD. This coin does not need to be dumped since the multipool will bring the price up for you. The more you wait, the more we all make because the more investors notice it and get involved. Please have some common sense and really think this through.

I  understand you but calm down dont root panic bc is young, more and more is going on, 5 pools (there was only one), theft of BC from CR (or at least dumping not your own coins) is over. They have dumped 120 - 150 btc on 27th of March, forcing price to go to ~4800. And what? now it has rebuilded reaching today almoast 7000. This project is still going on, going healthy. We as community, everyone is supporting the BC idea and with rationalism and keeping supporting it, we will succeed, but it needs time. Just be patient, it's not another shitty coin, for easy manipulation.

Cheers

[jiosefjd]

I understand the mining "strategy," so to speak, of this coin, but is it happening right now? If so, what coin is being mined?

[Creaxy]

I understand the mining "strategy," so to speak, of this coin, but is it happening right now? If so, what coin is being mined?

look few pages back, there is a list of pools.
Official is:
http://blackcoinpool.com/
joint irc channel read news
soon news page will be added to pool off site, and also front end module for miners, where all complete stats will be shown. So far miners see their speed. SHA 256 is in test mode, in max 2 days it will be added as scrypt to home page of the pool

[Creaxy]

and remember, Denzel's watching

http://www.iv.pl/images/87230464681772227695.jpg

[CryptoSteam]

This isn't an opinion, really - it's just an observation that the same thing was tried about a year ago by the founder of BitInstant which was already turning large profits and had good connections, and when it fell apart the reason was that mastercard had said they wouldn't do it.

I remember this from semi-private chats at the time, because our casino was super excited about being on board with the project.

If you think I'm talking out of my ass about something, feel free to call me on it. What I am saying though is that you should research the difficult end of the business you're proposing -- credit card integration -- before you make sweeping announcements here that would lead people to think it might actually happen. You can be defensive and angry at me if you want, but in all honesty, YOU should be the one making the disclaimers and warnings to people that I'm making. No my negativity will not stop you if you really have the power to pull it off, and no your positivity will not actually help you. So let's cut the crap. This has been tried and does not work, and your next move is probably to start pre-selling them to people.

Just go ahead and do it, and when it's done, let us know.

FWIW you might have noticed that when we moved into BlackCoin we gave zero prior warning, on this forum or anywhere else. We just did what we wanted to do, opened it, then announced. It's one thing to "get the community's opinion" but it's another to use it as a pumping strategy and a leadup to a scam. So now you know the community is interested. If/when you actually have these cards, give a shout.

I will not go back and forth with you on this. I honestly do not think you thoroughly read any of my previous posts. I sincerely believe you briefly scanned though my posts and just started making assumptive comments. I made it clear from the start this was not going to be easy and I have no idea if this will be approved. Never once did I state or imply this is a done deal. I presented the idea to the community in a whole to see if was something the community wanted and/or needed. Why would I spend my time and money on something I wasn't sure the community wanted and/or needed? Furthermore, I do not get angry over words in a forum, you are entitled to your opinion like everyone else here.

When I spoke to the representative this morning, if there wasn't even a slight chance of this going forward she would have told me no. This is her job and she has more knowledge about this than me and you combined.

Also, I am trying to bring extra value to BlackCoin and give something to the BlackCoin community everyone can rally behind. It is great you accepted BlackCoin at your casino, but do not pretend like you are bringing extra value to the community. The only one benefiting from you accepting BlackCoin at your casino is you, so please stop acting as if you are doing the BlackCoin community a favor. And no offense, according to Alexa.com very few people go to your website. So I am not sure besides posting negative comments how you are helping the BlackCoin community.

Thank you for your opinion and comments. Now if you do not have anything else to add please move on.

PS: A few months ago when I launched Music Chow, I remember someone in a forum stated: "Why does the world need another  music app? You will never be able to compete with iTunes or Spotify, so don't even bother". Roughly 6 months later Music Chow is the top downloaded desktop Music app in Brazil. The Music Chow website site is the 675 most visited website in Brazil, and quickly gaining ground in America. My point is I do not let negativity or the comments of strangers dissuade me from accomplishing my goals.

Music Chow: http://musicchow.com/
Nearly 1.9 million downloads on Baixaki: http://www.baixaki.com.br/download/music-chow.htm
Top List: http://www.baixaki.com.br/top-semanal.htm
Alexa Rank: http://www.alexa.com/siteinfo/musicchow.com

Thank you for shutting up that Casino guy. I'm all for your endeavors that will help with the Blackcoin community. I believe you can make the Blackcoin rewards card a possibility!

[Palaxidon]

Good News Press here: Russia today http://rt.com/op-edge/iceland-auroracoin-financial-crisis-825/

[Jabulon]

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.

Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.

[Ziploc]

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.

Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.

You're right..thx for warning...just tested it and as Jabulon said it works..

If you unlock Your wallet with settings>unlock wallet
then you can send BC without inputting the password....
to fix you can write walletlock in console....
the stacking seem to continue working but now it's impossible to send the coins without password


THIS SHOULD BE FIXED

I suggests 2 level unlock;
1st-for staking and 2nd for transactions

[jamieb81]

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.

Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.

Just tried, and I can also send coins from my unlocked wallet without the need of entering a pass

[alison03]

Oi. Should I lock my wallet until there is a fix? That would be the safest move? I'm pretty paranoid about theft.

[Jesse Livermore]

Prisoner's dilemma at work here...
Multipool payouts are not what most miners expected, causing many to stupidly panic sell and point their miners elsewhere, causing the multipool(s) to have less oomph, causing less BTC -> BC buying power (which by my simple calculations maybe is now only buying 7 BTC worth of BC per day using roughly 400 MH/s scrypt, 350 GH/s sha estimates).

If miners were more organized (and rational) towards having 1 dominate competitor to BTC (fuck Litecoin) and stayed put pointed towards the BC multipool(s) they all would have benefited...more miners = more oomph = more BTC -> BC buying from the multipool(s)= your accrued BC are worth more and more as prices increase and eventually miners have large enough profits to upgrade mining rigs to gain even more BC and so the multipool(s) buys more BC and the price continues to go up. It's a fucking positive feedback loop and we will all win.

Rambling-on Alert
Imagine being able to someday tell your grandkids about how you still have BlackCoins you mined/bought when it was going for 3 fucking pennies per coin in 2014, and imagine them saying in disbelief "grandpa, you're a lying sack of shit" and then you show them your BC address and absolutely blow their minds. Today's baby-boomers/grandpas had stock certificates, baseball cards, stamps, coin collections, etc. when they were young, which weren't worth much then, but fuck did those things accrue value up to today. But thanks to third-world countries now being able to make (or forge) just about any physical thing under the sun, our generation will not see any equivalent physical items becoming valuable collectibles 50+ years from now.

However cryptocurrencies, and specifically those cryptocurrencies which survive/thrive/flourish in the coming months/years/decades, are going to be the stocks, baseball cards, stamps, coin collections of this generation.

Anyhow, who knows if miners will ever rationalize-the-fuck-up and come back to BC's multipool(s), but them coming back or not is all that matters right now for BC to survive/thrive/flourish with BTC over the coming months/years/decades.


JL

[blade87]

Oi. Should I lock my wallet until there is a fix? That would be the safest move? I'm pretty paranoid about theft.

If you manually unlock for staking in the debug console, it will still require password for send.

Help -> Debug window -> Console

Then type in "walletpassphrase password 9999999 true" and hit enter, then hit the red minus in the lower right to clear the console text.

[sia331]

the future for this coin is very bright 

Yes,
This coin is very promising,
I am very optimistic about this coin!
 

[parker928]

Oi. Should I lock my wallet until there is a fix? That would be the safest move? I'm pretty paranoid about theft.

If you manually unlock for staking in the debug console, it will still require password for send.

Help -> Debug window -> Console

Then type in "walletpassphrase password 9999999 true" and hit enter, then hit the red minus in the lower right to clear the console text.

of someone can add an X11 algorithm option to their multipool i will point 14 mh at it!!!

X11 ftw!

[GAML]

http://blackcoinpool.com/  419.43 MH/s Miners: 201 Shares: Profitability: 1706.58.  Come join the fun and help the market grow  

[sia331]

If the price goes down a little more I'm gonna buy a few thousand. Bitcoin is taking a hit today so everything is taking a hit... but it'll all swing back up soon. Now's the best time to buy.

Yes, now is when prices very low, prices will rise back for sure!
Now's the best time to buy
The best time to investment!
 

[Jeezy911]

As soon as blitzcoin is done im jumping back in the pool.

[bitcoin carpenter]

As soon as blitzcoin is done im jumping back in the pool.

think a lot of us are in the same boat

[dasomsos314]

the future for this coin is very bright 

Yes
This coin is very promising,
The future for this coin is very bright,
We should grasp the opportunity to invest in this coin!

[dasomsos314]

Well, I just boosted the price of blacoin a bit. I hope this costy action will help.

This is not necessary, or to see the market trend,
After all the power of the individual in the market not to play any role!