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

[Geode]

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.

I doubt MINT can be killed right now but it can be crippled to the point of no longer registering on the radar. PANDA was an example of this.

Hypothetically, It's an operation that requires say 10 large MINT bagholders who have purchased MINT when it was around 4 Satoshi or under. They would then pool their coins into a single Mintpal account keeping track of the proportion each has contributed. They would need around 357,300,000 MINT. They would then, in one go, without warning, fill every buy order down to 4 Satoshi. This would create mass panic and leave some with orders at 5 satoshi elated while others who bought at 20 will be fuming. What that does, as shown by Wolong with PANDA coin, is turn the distribution upside down. Those who placed low ball offers with a little bitcoin now have more Mint than those with 5 times more BTC. People will say "This is bullshit! Some asshole with .75BTC has more MINT in one second than me with 4BTC and months of daytrading - fuck this coin! I'm out"

The coin would slowly self destruct from that point, at 5 satoshi and under Mint would disappear off the radar as just another defunct altcoin.

While this is happening the BTC proceeds are divided up by the person in control of the Mintpal account and sent to their respective owners in proportion to the amount of MINT they have contributed to the scheme.

That BTC could then be put into Blackcoin straight away buying up all the cheap coins, with price skyrocketing at the demise of MINT.

The reason this would cripple MINT and not kill it is because there would still be those with religious attachment to the coin who would keep it alive on life support - much like the KARMA guys or the TIPS guys.

I wouldn't condone such an operation but that is how it could be done, hypothetically speaking.

Interesting, and no one here has enough MINT to help out? I sold off some MINT and bought a ton of BC. But, I still need to offload my MINT. I would like a good price for MINT though and a good place would be when BC is low so that I can increase my BC postion.

LOL Karmacoin.

Why would anyone with big MINT holding want to destroy it?

Law of the jungle and they hold more BC than MINT. The only real competition of BC now is MINT. If MINT were out of the picture, BC will rise. BC will rule out over MINT because it offers more value and is just better overall, better graphics, better community, better dev. MINT is a thorn in BC's side. Remove it and BC will go to da moon!

[CatKiwi]

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.

I doubt MINT can be killed right now but it can be crippled to the point of no longer registering on the radar. PANDA was an example of this.

Hypothetically, It's an operation that requires say 10 large MINT bagholders who have purchased MINT when it was around 4 Satoshi or under. They would then pool their coins into a single Mintpal account keeping track of the proportion each has contributed. They would need around 357,300,000 MINT. They would then, in one go, without warning, fill every buy order down to 4 Satoshi. This would create mass panic and leave some with orders at 5 satoshi elated while others who bought at 20 will be fuming. What that does, as shown by Wolong with PANDA coin, is turn the distribution upside down. Those who placed low ball offers with a little bitcoin now have more Mint than those with 5 times more BTC. People will say "This is bullshit! Some asshole with .75BTC has more MINT in one second than me with 4BTC and months of daytrading - fuck this coin! I'm out"

The coin would slowly self destruct from that point, at 5 satoshi and under Mint would disappear off the radar as just another defunct altcoin.

While this is happening the BTC proceeds are divided up by the person in control of the Mintpal account and sent to their respective owners in proportion to the amount of MINT they have contributed to the scheme.

That BTC could then be put into Blackcoin straight away buying up all the cheap coins, with price skyrocketing at the demise of MINT.

The reason this would cripple MINT and not kill it is because there would still be those with religious attachment to the coin who would keep it alive on life support - much like the KARMA guys or the TIPS guys.

I wouldn't condone such an operation but that is how it could be done, hypothetically speaking.

Interesting, and no one here has enough MINT to help out? I sold off some MINT and bought a ton of BC. But, I still need to offload my MINT. I would like a good price for MINT though and a good place would be when BC is low so that I can increase my BC postion.

LOL Karmacoin.

Oh they are here alright - and they are watching The best price for MINT is probably now, as BC gathers momentum towards Black friday and beyond you will see MINT drop down to 10 Satoshi, and then 8 and then lower in the coming weeks. The MINT volume is tiny and the vast majority of it is large multi BTC dumps.  Most people aren't stupid - they aren't going to baghold a coin that has no more potential to hit the moon than any other alt out there with a decent community - they will take what they can when they can and invest it in the coin that offers the most potential for a reasonable return on investment - that is Blackcoin at this point in time.

Like I say, its a dirty thing to do but as an answer to your original question it would theoretically work. When a coin gets into the single satoshis its days are numbered. MOON, PANDA, LOT, are great examples of this.

Without extreme volume and profit making opportunities riding the waves - no one buys it and everyone sells it until eventually its not worth selling and not worth buying - it just, stops.

[maarx]

MINT is not competition to BC. It seems that way because there's a lot of flames going between the two communities (or atleast the threads).

I would love to see MINT to be BC's silver. Current market caps suggest that is possible

[CatKiwi]

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.

I doubt MINT can be killed right now but it can be crippled to the point of no longer registering on the radar. PANDA was an example of this.

Hypothetically, It's an operation that requires say 10 large MINT bagholders who have purchased MINT when it was around 4 Satoshi or under. They would then pool their coins into a single Mintpal account keeping track of the proportion each has contributed. They would need around 357,300,000 MINT. They would then, in one go, without warning, fill every buy order down to 4 Satoshi. This would create mass panic and leave some with orders at 5 satoshi elated while others who bought at 20 will be fuming. What that does, as shown by Wolong with PANDA coin, is turn the distribution upside down. Those who placed low ball offers with a little bitcoin now have more Mint than those with 5 times more BTC. People will say "This is bullshit! Some asshole with .75BTC has more MINT in one second than me with 4BTC and months of daytrading - fuck this coin! I'm out"

The coin would slowly self destruct from that point, at 5 satoshi and under Mint would disappear off the radar as just another defunct altcoin.

While this is happening the BTC proceeds are divided up by the person in control of the Mintpal account and sent to their respective owners in proportion to the amount of MINT they have contributed to the scheme.

That BTC could then be put into Blackcoin straight away buying up all the cheap coins, with price skyrocketing at the demise of MINT.

The reason this would cripple MINT and not kill it is because there would still be those with religious attachment to the coin who would keep it alive on life support - much like the KARMA guys or the TIPS guys.

I wouldn't condone such an operation but that is how it could be done, hypothetically speaking.

Interesting, and no one here has enough MINT to help out? I sold off some MINT and bought a ton of BC. But, I still need to offload my MINT. I would like a good price for MINT though and a good place would be when BC is low so that I can increase my BC postion.

LOL Karmacoin.

Why would anyone with big MINT holding want to destroy it?

Good question - Ultimately because they can increase their portfolio value by a greater ammount by dumping MINT and buying up all cheap BC as opposed to bagholding MINT watching it decline in value a little bit more each week, save for the odd pump and dump.

[CatKiwi]

MINT is not competition to BC. It seems that way because there's a lot of flames going between the two communities (or atleast the threads).

I would love to see MINT to be BC's silver. Current market caps suggest that is possible

I agree with you - I however don't believe it has any potential to be either a threat or a 'sister coin'. Save for that pump a few days ago MINT was a dead man walking - under 10BTC 24 volume on Mintpal with most of that sells. Traders on exchanges follow the volume - they don't waste time and BTC on buying a coin at say 13 satoshi and waiting 4 days for it to finally sell at 14 - if it hasn't dropped further by then. Volume = volatility and volatility = trading opportunities = potential profit.

[stormia]

Thank you for your help Blackcoin community, you know which people you are (rat4, Soepkip, etc). Perhaps now we can put our differences aside and work together or at the very least coexists as pure PoS coins.

Update on the potential security issues mentioned earlier.

As a cautionary measure and since MINT does not really need PoW, we have decided to get rid of the PoW. We don't want to take any security risk.
And since our ego is less important than your hard earned money, we won't have any problem to be thankful to another coin dev if it appears he has helped to increase MintCoin's security.

For now, a new wallet is available and this is a mandatory update!
https://mega.co.nz/#!YI4DETrC!0Cy_PFqWkLF52Ic_Hoo-5v_oyUGWa2R4dcIvlX1S2H0

[Halofire]

IRS decision concerning miners record keeping has more impact than China's ban. Chinese can still own btc and not have to pay tax on it now since China is forcing btc back underground which ultimately helps btc.

No tax has to paid until gains are realized. People in the US can hold crypto as well. And the miner can deduct how much their mined coin was when they mined it, they'd actually pay less tax in the end, because they wouldn't have to claim the full value of the coin upon sale?

And sorry, but China always is the impact. There's a reason the BTC-e troll box continuously spams "China waking up soon".

Unless the IRS released a new notice (edit: since the notice from a few days ago) that I don't know about, then ya gotta claim all crypto at the end of the the first year you received it as income. then whenever you cash out, you pay tax on any gains.

[moderndezigns]

I want to thank the people in the Blackcoin community that helped resolve the security issue with our coin specifically the developer. I hope that we can all continue to work together in the future

[otila]

How to fix?  Stalled at block 10000.  I have 16 connections.

Code:

received block 10c62e4dd0ec334ad5b8
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 10c62e4dd0ec334ad5b88562c5db6d9a2f4b86e3ecc10a10b42379ab03b8237c

[ski92]

Go rat4 
his donation address

Donate
Please donate to further developement B8gZqgY4r2RoEdqYk3QsAqFckyf9pRHN6i

[JamesR1]

ANyone having problems with blackcoinpool?

Yeah the miners page isn't accessible. But shares seem to get accepted, so its probably nothing to worry about.

THat means something is wrong with my miner

Yes, mine refused to connect. I tried a different payout address, so now I have 1 for script and 1 for sha running. It didn't work so I had to do a restart. Now it works. I'm well under bc for the day, so you have to watch these things don't happen.

[noerc]

ANyone having problems with blackcoinpool?

Yeah the miners page isn't accessible. But shares seem to get accepted, so its probably nothing to worry about.

THat means something is wrong with my miner

Yes, mine refused to connect. I tried a different payout address, so now I have 1 for script and 1 for sha running. It didn't work so I had to do a restart. Now it works. I'm well under bc for the day, so you have to watch these things don't happen.

My cudaminer instance doesn't refuse to connect. Are you sure you are using the same password as before? The only issue is that I get a "504 Gateway Time-out" error when accessing my miner's page.

[publicjud]

I want to thank the people in the Blackcoin community that helped resolve the security issue with our coin specifically the developer. I hope that we can all continue to work together in the future

+1 since I am a fan of both.

[Soepkip]

How to fix?  Stalled at block 10000.  I have 16 connections.

Code:

received block 10c62e4dd0ec334ad5b8
ERROR: CheckProofOfStake() : INFO: read txPrev failed
WARNING: ProcessBlock(): check proof-of-stake failed for block 10c62e4dd0ec334ad5b88562c5db6d9a2f4b86e3ecc10a10b42379ab03b8237c

just wait a bit, should solve itself. We are looking into it for future version.

[JamesR1]

ANyone having problems with blackcoinpool?

Yeah the miners page isn't accessible. But shares seem to get accepted, so its probably nothing to worry about.

THat means something is wrong with my miner

Yes, mine refused to connect. I tried a different payout address, so now I have 1 for script and 1 for sha running. It didn't work so I had to do a restart. Now it works. I'm well under bc for the day, so you have to watch these things don't happen.

My cudaminer instance doesn't refuse to connect. Are you sure you are using the same password as before? The only issue is that I get a "504 Gateway Time-out" error when accessing my miner's page.

I didn't have a script problem, but an asic problem, no idea how it occurred. But its up and running now, and I even received a little payout from it, which felt nice.
Bamt is running nicely with script.
The miners page isn't quite there yet imo. But just keep connected and you get your coins. Anyway, they'll be worth more by Sunday.

[IconicExpert]

Attention Devs

Earlier I sent a PM to Rat4 to no avail, so I will post here as well. Thank you for making the changes to the BlackCoin.co homepage so quickly. Moving the "Buy Blackcoin" section up to the top of the page will help first time visitors just learning about BlackCoin.

I have one more request I hope you can implement before next Wednesday. Our press release will target North America and select European countries. Our release will go to some of the top financial websites, and their readers are interested in investment opportunities. Unfortunately these readers have short attention spans and if the information isn't right in front of them they can get distracted very easy. Can we have a real time ticker on the front page that gives the value of BC in USD, EUR, GBP, CAD, and AUD?

[Soepkip]

Attention Devs

Earlier I sent a PM to Rat4 to no avail, so I will post here as well. Thank you for making the changes to the BlackCoin.co homepage so quickly. Moving the "Buy Blackcoin" section up to the top of the page will help first time visitors just learning about BlackCoin.

I have one more request I hope you can implement before next Wednesday. Our press release will target North America and select European countries. Our release will go to some of the top financial websites, and their readers are interested in investment opportunities. Unfortunately these readers have short attention spans and if the information isn't right in front of them they can get distracted very easy. Can we have a real time ticker on the front page that gives the value of BC in USD, EUR, GBP, CAD, and AUD?

I received that request from rat4 - Not sure how to implement. I did however make the mail address you requested. If you could add me in your communication about the press release that'd be great

[firstflyover]

MINT is not competition to BC. It seems that way because there's a lot of flames going between the two communities (or atleast the threads).

I would love to see MINT to be BC's silver. Current market caps suggest that is possible

18,756,335,526 MINT

74,495,341 BC

Need I say More...

[blade87]

IRS decision concerning miners record keeping has more impact than China's ban. Chinese can still own btc and not have to pay tax on it now since China is forcing btc back underground which ultimately helps btc.

No tax has to paid until gains are realized. People in the US can hold crypto as well. And the miner can deduct how much their mined coin was when they mined it, they'd actually pay less tax in the end, because they wouldn't have to claim the full value of the coin upon sale?

And sorry, but China always is the impact. There's a reason the BTC-e troll box continuously spams "China waking up soon".

Unless the IRS released a new notice (edit: since the notice from a few days ago) that I don't know about, then ya gotta claim all crypto at the end of the the first year you received it as income. then whenever you cash out, you pay tax on any gains.

You don't do this with any property (what the IRS is claiming Bitcoin is), so why would crypto be any different? You don't owe the IRS money if your home value goes up, or the IRS doesn't owe you money as the value of your car drops. I'm still confused on the whole taxation of crypto, as many others. We'll probably get a more clear definition of how to do all of this soon.

Edit : But if you're paying taxes once at the end of year, and then again when you cash out - it should be about the same as just cashing out? Because then in the end if the cash out if based off a previous value of say $400 BTC, then you've only got $50 to claim on $450 BTC as opposed to just the full $450 BTC price.

[Creaxy]

Attention Devs

Earlier I sent a PM to Rat4 to no avail, so I will post here as well. Thank you for making the changes to the BlackCoin.co homepage so quickly. Moving the "Buy Blackcoin" section up to the top of the page will help first time visitors just learning about BlackCoin.

I have one more request I hope you can implement before next Wednesday. Our press release will target North America and select European countries. Our release will go to some of the top financial websites, and their readers are interested in investment opportunities. Unfortunately these readers have short attention spans and if the information isn't right in front of them they can get distracted very easy. Can we have a real time ticker on the front page that gives the value of BC in USD, EUR, GBP, CAD, and AUD?

I received that request from rat4 - Not sure how to implement. I did however make the mail address you requested. If you could add me in your communication about the press release that'd be great

maybe, some nice looking table, with new colors (I love new designe of blackcoin.co) and direct connection to prices from here ? http://coinmarketcap.com/volume.html#bc