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

[digicidal]

I'm really interested in those statistics , can you provide a link for it:?
Also , I don't give that much tought for the rest of your claims  .

http://agran.net/bc_getbalance.php?top=100

I think the top few are MintPal cold storage wallets though.

Hmm , let's hope not. If a single exchange hold that much , i'm having mtgox nightmares

I don't think you have to worry about that really... but again - if you use an exchange as a wallet, you're asking for trouble.

On the other hand for an exchange with thousands of accounts to have $2M-3M in the most widely traded coin on the site is nothing.  I would guess a few of the other top ones are Cryptsy.  Just think about it - if there are buys (and sells) of 100-200BTC occuring on MintPal - then the exchange has to have both 100-200BTC and 100-200BTC worth of BC on the exchange at the same time.  Of course this is simply for these two trades to occur, and obviously they also have all of the BTC and BC represented in every other trade.  What was volume yesterday?  Naturally, there isn't that much there as traders move back and forth... but probably a third of the volume is/was stored in MintPal wallets at some point in time.

I only keep what I trade with on there, but it's big enough that just ~2000 people keeping the same amount would fill up those wallets right there... and I'm a tiny minnow in this ocean of whales now.

[1715022397]

1715022397

[1715022397]

1715022397

[niothor]

and hell breaks loose again!

The volume on mintpal is insane ...I'm starting to have a bad feeling about this.

Coin are changing hands this is healthy this is most important thing  in crypto
and in POS system too.More owners greater community more stabilization.
We just can't go in one day in LTC price lvl...but we can with such volume...
really i don't know what the f. is going on now.

But be honest BC under 1$ is still big occasion...

I wonder how those coins are changing hands.
The volume can be only from poeple buying or 70%/30% (buying/dumping) or god knows what numbers.

The share amount of btc thrown around on mintpal is amazing for that exchange. I can't bring myself to think that there were that many coins (BTC) there to buy this up.

[Kreativekrypto]

if BC hits 2 dollars i'll eat my hat and change my theory on PoS models. I just don't see how there can be enough money honestly...unless btc hits 700+ maybe idk.

[TheGift73]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,

We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

[niothor]

I'm really interested in those statistics , can you provide a link for it:?
Also , I don't give that much tought for the rest of your claims  .

http://agran.net/bc_getbalance.php?top=100

I think the top few are MintPal cold storage wallets though.

Hmm , let's hope not. If a single exchange hold that much , i'm having mtgox nightmares

I don't think you have to worry about that really... but again - if you use an exchange as a wallet, you're asking for trouble.

On the other hand for an exchange with thousands of accounts to have $2M-3M in the most widely traded coin on the site is nothing.  I would guess a few of the other top ones are Cryptsy.  Just think about it - if there are buys (and sells) of 100-200BTC occuring on MintPal - then the exchange has to have both 100-200BTC and 100-200BTC worth of BC on the exchange at the same time.  Of course this is simply for these two trades to occur, and obviously they also have all of the BTC and BC represented in every other trade.  What was volume yesterday?  Naturally, there isn't that much there as traders move back and forth... but probably a third of the volume is/was stored in MintPal wallets at some point in time.

I only keep what I trade with on there, but it's big enough that just ~2000 people keeping the same amount would fill up those wallets right there... and I'm a tiny minnow in this ocean of whales now.

If they own those wallets they own around 10% of the coins. 10% of the coins in the hands of an exchange is not good.
It just screams for people to start manipulating the coin and I don't wanna see this happening with bc.

Too bad we can't trace those

[niothor]

if BC hits 2 dollars i'll eat my hat and change my theory on PoS models. I just don't see how there can be enough money honestly...unless btc hits 700+ maybe idk.

If it hits 2$ i'll eat something better

[jc12345]

I really don't understand why wallets have no Two-factor authentications !

So many people would still have their coins.
This should be the number one priority for the dev-team.
What u guys think?

And how will this be done? Who will hold the second key?

It would work as follows:

1.5 factor authentication
Implement a normal Google Authenticator or Authy code into the wallet below your wallet password when you want to do a payment. The Google Authenticator or Authy app exists on your mobile phone. To set it up the wallet needs to display a QR code or manual code during first setup that becomes the secret key between the wallet and your mobile phone. The wallet then just need to calculate the code based on the secret and the algorithm just like it works on the exchanges. The secret key between your wallet QR code and the mobile phone becomes the 2nd key, of which the derivative the changing code is entered into the wallet at payment time. However the secret key also exist in the wallet and therefore could become available to the hacker as well in a similar way than the wallet private key.

2 factor authentication
True 2FA is when the code or response is not entered into the same channel as the password, but is sent via a separate channel (out of band).  For this to work there needs to be a backend server, but since the crypto-currency principle is based on p2p there is no backend server that can match a challenge-response to your wallet payment request. It is however possible to implement true 2FA on the exchanges because currently they all implement just 1.5FA.

[heartthew]

I'm really interested in those statistics , can you provide a link for it:?
Also , I don't give that much tought for the rest of your claims  .

http://agran.net/bc_getbalance.php?top=100

I think the top few are MintPal cold storage wallets though.

Hmm , let's hope not. If a single exchange hold that much , i'm having mtgox nightmares

I don't think you have to worry about that really... but again - if you use an exchange as a wallet, you're asking for trouble.

On the other hand for an exchange with thousands of accounts to have $2M-3M in the most widely traded coin on the site is nothing.  I would guess a few of the other top ones are Cryptsy.  Just think about it - if there are buys (and sells) of 100-200BTC occuring on MintPal - then the exchange has to have both 100-200BTC and 100-200BTC worth of BC on the exchange at the same time.  Of course this is simply for these two trades to occur, and obviously they also have all of the BTC and BC represented in every other trade.  What was volume yesterday?  Naturally, there isn't that much there as traders move back and forth... but probably a third of the volume is/was stored in MintPal wallets at some point in time.

I only keep what I trade with on there, but it's big enough that just ~2000 people keeping the same amount would fill up those wallets right there... and I'm a tiny minnow in this ocean of whales now.

If they own those wallets they own around 10% of the coins. 10% of the coins in the hands of an exchange is not good.
It just screams for people to start manipulating the coin and I don't wanna see this happening with bc.

Too bad we can't trace those

I thought that was their storage for OUR coins on the sites - not theirs. (unless they Gox us, of course...)

[B737]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,

We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

Their loss.

[Blackblanco]

Oh well, I am sitting here trying not to pay attention to the BC price.  My 6700 stolen coins from Cryptorush would have given me 3.6 BTC profit right now, which for me is actually a substantial amount of money.  Guess we are never gonna see those coins...  
Thanks thieves and Cryptorush for stealing my hard earned cash.  At this point I'd be happy to just get my initial investment back so t least I could pretend it didn't happen :-(

[SparkIt]

if BC hits 2 dollars i'll eat my hat and change my theory on PoS models. I just don't see how there can be enough money honestly...unless btc hits 700+ maybe idk.

If it hits 2$ i'll eat something better

If it hits $2 I will still eat the same thing I eat every day though when BC hits $100 I will be eating something really fucking expensive, I don't know yet!
Probably fresh crocodile meat!

[draco71]

if BC hits 2 dollars i'll eat my hat and change my theory on PoS models. I just don't see how there can be enough money honestly...unless btc hits 700+ maybe idk.

A major factor around POS is psychology. I mean, I have x amount of coins. The percentage of these coins will remain the same forever if I do not sell them. So, I feel secure that there is no mega-miner that will come and dump his mined coins for quick profit, reducing my percentage. For most of the people, without gigantic hash rates, that's a huge plus.

[heartastack]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,

We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

Their loss.

Yeah we certainly don't need to prostitute BC out to any exchange. It's the people's money now. Let the dogs come sniffing - we are ooooon heat!

[XbladeX]

and hell breaks loose again!

The volume on mintpal is insane ...I'm starting to have a bad feeling about this.

Coin are changing hands this is healthy this is most important thing  in crypto
and in POS system too.More owners greater community more stabilization.
We just can't go in one day in LTC price lvl...but we can with such volume...
really i don't know what the f. is going on now.

But be honest BC under 1$ is still big occasion...

I wonder how those coins are changing hands.
The volume can be only from poeple buying or 70%/30% (buying/dumping) or god knows what numbers.

The share amount of btc thrown around on mintpal is amazing for that exchange. I can't bring myself to think that there were that many coins (BTC) there to buy this up.

i trace BC adressed and we have new adresses about 3000+ in two weeks with BC>1.
Anyway BC is expanding some people are buying just 50-100 just in case ^^.
Most important thing is to get new people on board even with 50-500-5000BC we need rising.

[MuffinMaster]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,

We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

Their loss.

lol.... interesting? i'm not sure. if they don't count 3rd highest volume yesterday and exploding to 10x its price and holding within 48 hours not interesting, then they are blind.

[heartthew]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,
We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

Their loss.

Yeah we certainly don't need to prostitute BC out to any exchange. It's the people's money now. Let the dogs come sniffing - we are ooooon heat!

+1

What a hypocrite, with Auroracoin and other junk up there.

That ass is already kicking himself...

[advanced]

Stop eating imaginary crocodiles and lamborghinis and think how much you guys have to do before reaching Litecoin level :  they have been coding for almost two years now contributing to make BTC what it is now. Warren is major contributor on github .  There is no free lunch, get to work and make this coin worth

[niothor]

if BC hits 2 dollars i'll eat my hat and change my theory on PoS models. I just don't see how there can be enough money honestly...unless btc hits 700+ maybe idk.

If it hits 2$ i'll eat something better

If it hits $2 I will still eat the same thing I eat every day though when BC hits $100 I will be eating something really fucking expensive, I don't know yet!
Probably fresh crocodile meat!

HMM , that doesn't sound too delicious.

[nanard]

I asked bittylicious about adding Blackcoin last week, and just got this reply:

Hi,

We are considering Blackcoin, but at present the only slightly interesting technical aspect of it is that it's now fully proof of stake. That's not a huge technical revolution in my opinion, considering other coins have been migrating to this for a long time now. Is there anything else particularly interesting about the coin that isn't just a tweak from other coins (e.g. transaction times)?

Thanks,

Marc

Seems a bit rude to be honest.

This was last week 

Anyway all coins are technical heir of Bitcoin. This is just a matter of smart choices and market affinities.

[surfer43]

Blackcoin has had a 10000% increase in the past few months.. should've held. 

We already have some BC millionaires?