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

[MuffinMaster]

but at the end of the year I hope to see you around so I can say "I told you so".  

I'll be only too happy to oblige. I've been wrong about plenty things and don't mind being proved wrong again, I just see what I see and once you've seen the same pattern a few times an element of predictability starts accompanying these observations.

For example Myriadcoin has a load of "interesting" distinguishing features just like BC did at the start but it's sitting there as yet unpumped at 450 Satoshis - one tenth of BC's value even corrected for coin supply. I'd be hard pushed to guess which one had the more upside at this point regardless of whatever long term factors apply.

Erm... No it doesn't. It suffers from extremely high coin inflation, a flawed distribution model. All it has is multiple mining algorithms which mean nothing to non-miners.

30s block times with no issues, because of the 5 algos (each 2.5min). Block times even lower if they add more. That's what the multiple algos does for non-miners.

blackcoin is 10 secs... so yay ?

Specifications
Block time: 1 minute

Ehh? If I'm somehow missing something let me know.

PoW was 1 minute.

PoS is 10 seconds :

One of the great features that Proof-of-stake offers is that transaction confirmations can be made extremely fast which makes Blackcoin deliver the first transaction confirmation after only 10 seconds and fully affirm the transaction after 10 confirms. The use of Proof-of-stake also makes Blackcoin extremely energy efficient.

[virtualfaqs]

Can you state your purpose in a single sentence here

To determine at what price I should dump. I can usually work that out for myself but subscribers to this thread seem to think that this coin is somehow more that just another alt "with a twist" so I decided to try to get to the bottom of why that was.

However, when I do that, all I get is hype about marketing and future value so I'm not having much success.

Do you think a PoS coin will be successful in the future or nothing special? The $15 million per day energy cost of keeping BTC alive is a pretty crazy number if it keeps increasing.

[Jabulon]

Just a friendly reminder to not feed the trolls. They are active again today because BC is where the energy is. Leeches appear like magic, don't they? The thread is bogging down in arguments that cannot and will not lead us anywhere. We are moving forward. Period. Action, and reality, will decide what happens, not a war of words. Trolls talk. Do-ers do. We are doers here. Let's just do. Don't play their talking-game, don't assist them in their perpetual act of mental masturbation.

[IconicExpert]

I didn't say I wanted to lost money slow and steady ... Continue doing what you do best. I'm sure your marketing strategies will attract a great deal of new money.

But I will always question the motives and judgement of everyone on these forums and I would advise everyone to do the same.

Like you said we are both on the same team, and I think everyone who holds BC whether it is 500 or 500000 want to see it succeed. I am here for the long run and I am not typing to pump BC to dump. I like this community and the coin, and I think together we can do great things.

[colinfx]

Just a friendly reminder to not feed the trolls. They are active again today because BC is where the energy is. Leeches appear like magic, don't they? The thread is bogging down in arguments that cannot and will not lead us anywhere. We are moving forward. Period. Action, and reality will decide what happens, not a war of words. Trolls talk. Do-ers do. We are doers here. Let's just do. Don't play their talking-game, don't assist them in their perpetual act of mental masturbation.

Agreed +1

[agrs]

if my coins will be on exchange more than 8 hours will pos mining work???

[MuffinMaster]

if my coins will be on exchange more than 8 hours will pos mining work???

typically not. to get staked coins its best to keep them on your personal computer.

[gonzoucab]

People need to calm down around here. The hype is way out of hand. Don't trust anyone telling you this thing is going to the moon or that you are missing out if you don't buy right this instant. Be patient, we are going to move up and down in the coming months. We have a great core concept with the PoS and the multipool as well as a ton of community support. But this doesn't mean we are going to continue to expand at this incredible rate. Buy. Hold. Stop the hype. Slow growth is far better than the pump and dump crap I'm reading here.

Dont say that! they will tell you are a MintCoin Fan trying to spread FUD!

[keshuker]

Get your cool BC adresses from http://blackcointalk.com/index.php?topic=1207.msg1571#msg1571

[KingSchultz]

but at the end of the year I hope to see you around so I can say "I told you so".  

I'll be only too happy to oblige. I've been wrong about plenty things and don't mind being proved wrong again, I just see what I see and once you've seen the same pattern a few times an element of predictability starts accompanying these observations.

For example Myriadcoin has a load of "interesting" distinguishing features just like BC did at the start but it's sitting there as yet unpumped at 450 Satoshis - one tenth of BC's value even corrected for coin supply. I'd be hard pushed to guess which one had the more upside at this point regardless of whatever long term factors apply.

Erm... No it doesn't. It suffers from extremely high coin inflation, a flawed distribution model. All it has is multiple mining algorithms which mean nothing to non-miners.

30s block times with no issues, because of the 5 algos (each 2.5min). Block times even lower if they add more. That's what the multiple algos does for non-miners.

blackcoin is 10 secs... so yay ?

Specifications
Block time: 1 minute

Ehh? If I'm somehow missing something let me know.

PoW was 1 minute.

PoS is 10 seconds :

One of the great features that Proof-of-stake offers is that transaction confirmations can be made extremely fast which makes Blackcoin deliver the first transaction confirmation after only 10 seconds and fully affirm the transaction after 10 confirms. The use of Proof-of-stake also makes Blackcoin extremely energy efficient.

Interesting, I didn't know PoS was quicker. Although it does seem to require more confirms than PoW, even at 10 that's pretty damn quick.

[toknormal]

Do you think a PoS coin will be successful in the future or nothing special? The $15 million per day energy cost of keeping BTC alive is a pretty crazy number if it keeps increasing

I think POS is the future.

But that's just an algo. You can create a POS coin in seconds. You can convert POW coins to POS with a hardfork.

[colinfx]

if my coins will be on exchange more than 8 hours will pos mining work???

You coins are not staked on the exchange. To earn from staking, hold your coins in a local wallet.

[ScoobyDood]

The black coin multipool certainly seems to be working at present. I heard mint tried a multipool but it went wrong and nobody seems sure what the reason was. Will it affect black coin if other coins adopt the same idea and start running multipools for their coins?

I think the mint team is still considering reviving theirs.

It would have zero to positive effect meaning even if someone decided to mine BC for selling it only increases our liquidity and overall BTC traded daily. Both of which are
needed for a top tier coin. If you try to use BC multipool to sell only you still have to buy = zerosum (net result volume) and that would be worst case scenario.

[grimrog]

I am in the top 25 for BC wallets.

Dammit guys! Where do you get your Money from? It seems everyone in the top 100 has his own golden-egg-duckling sitting in his closet.

[toknormal]

Pool now at 2.3 GH/s scrypt.

[mr_random]

Erm... No it doesn't. It suffers from extremely high coin inflation, a flawed distribution model. All it has is multiple mining algorithms which mean nothing to non-miners.

LoL. You're kind of making my point for me.

This kind of nitpicking is all there is to choose between one alt coin and another. That's why none of them ever make a dent in Bitcoin's dominance, nor will they after this year.

ok... i think you just proved colin's point that you look at things way to vaguely. If you consider a high inflation pow coin similar to the low inflation pos coin then pretty much you just outed yourself as a moron.

Its a pretty massive difference.

Toko is a troll that bashes Blackcoin constantly. Just check his post history. There's only one reason why a person posts constantly negative posts in a coin topic.

indeed. I id'd him several pages ago. He is a baghold of nxt and mzc. i would say its a shame but it doesn't matter.

Blackcoin just made another 24 hours high. edging ever closer to the 10k mark and took over the 4th volume position from zetacoin.

BC being held is feeling mighty comfortable.

I've also observed that when he's not bashing Blackcoin with nonsense he posts about NXT positively. No doubt he views Blackcoin as a major threat to NXT and quite honestly so he should do. I am a NXT holder myself and I swiftly diversified into Blackcoin as soon I learned about it and it continues to reward me handsomely. Blackcoin is a game changer.

When we break 10k I expect a violent upswing.  

[agrs]

if my coins will be on exchange more than 8 hours will pos mining work???

typically not. to get staked coins its best to keep them on your personal computer.

thx!

[Nurka]

Regarding translating the press release to other languages to increase the visibility and value of the promotion.

Am I the only one thinking it's a good idea? Or is it already translated?

Again, I could translate it to Swedish and push it to relevant outlets at the release time. I can't see any reason why a wider spread of the press release would be bad?

depends, do you have access to Swedish financial sites? I can't see iconic needing help with translations on anything listed on bloomberg or yahoo financal

I don't have any connections or inside access, no. But I can contact all of the relevant Swedish financial sites and papers. The biggest one has been running at least a couple of articles on cryptos per week. Last week they wrote about auroracoin. Like many other news outlets they tend to sometimes report press releases more or less by citing large parts of them. Providing a translated press release would increase odds of them running it.

Since I'm offering to do it, I don't see how it doesn't come down to a question wether or not it adds or subtracts value. And I can't see how it would be harmfull to involve Swedish financial media as well.

[PeterPalmBeach]

Pool now at 2.3 GH/s scrypt.

Great news ! Keeps growing fairly steady and fast. 

[IconicExpert]

With all do respect I do not care if you are one of the top 25 holders or the #1 holder. How many BC coins you hold means very little if you are on the sidelines waiting to count your return on your investment. I have invested my time and my personal money to help BC get to this point. Why do you think we are currently trading above 9000? Why do you think BC went from 7100 to 8100 in less than 10 minutes after I made my announcement? That was not a coincidence, and it was just the tip of the iceberg. What I have going on behind the scenes will take BC to the next level and that is not hype, just fact. So just sit back while some us help this coin reach new heights and you can thank me later on when it is trading at $40.00 a coin.

I appreciate your hard work and I cant speak for everyone, but i'm sure most Blackcoiners would say the same

Thank you!!! I appreciate your kind words!!!