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

[Daedelus]

Oh wow, it this the BLACKCOIN thread or the

let-me-promote-my-totally-unrelated-service-for-some-other-coin thread?


Can we stay on topic?

i think its too late soepkip, this place isoverrun now

Am I off topic?

[1714170780]

1714170780

[1714170780]

1714170780

[1714170780]

1714170780

[1714170780]

1714170780

[heartthew]

Oh wow, it this the BLACKCOIN thread or the

let-me-promote-my-totally-unrelated-service-for-some-other-coin thread?


Can we stay on topic?

i think its too late soepkip, this place isoverrun now

It needs to be moderated! One of the coin devs should take the charge here.

Never. A self moderated thread on here is a quick key to a rapidly declining reputation - just look at LOTTO and a other overzealous devs - just let this place patter on, and promote blackcointalk for people who want more succinct and pertinent info...

[dcm987]

Oh wow, it this the BLACKCOIN thread or the

let-me-promote-my-totally-unrelated-service-for-some-other-coin thread?


Can we stay on topic?

i think its too late soepkip, this place isoverrun now

It needs to be moderated! One of the coin devs should take the charge here.

Never. A self moderated thread on here is a quick key to a rapidly declining reputation - just look at LOTTO and a other overzealous devs - just let this place patter on, and promote blackcointalk for people who want more succinct and pertinent info...

i think i agree with this.if this thread is meant for doom I guess thats just the way it is. if people are smart enough they should be able to figure out what is FUD or spam on their own.

[warr1979]

Oh wow, it this the BLACKCOIN thread or the

let-me-promote-my-totally-unrelated-service-for-some-other-coin thread?


Can we stay on topic?

i think its too late soepkip, this place isoverrun now

It needs to be moderated! One of the coin devs should take the charge here.

The convo the announcements EVERYTHING BlackCoin needs to move over to reddit.  Let the trolls talk to themselves here and promote their own agenda.  Just post here to tell people where  to go!

[StuartGT]

As I understand it (i could be incorrect) Transaction time is the minimum time a crypto network can confirm a coin transfer from one account/wallet to another.  For PoW coins this is slightly higher than their block time.  PoS coins can have a MUCH faster block time, but fluctuate more with their transaction speeds due to lack of hashing power (no heavy CPU, GPU or ASIC providing the power), therefore average confirmation time (proof of a successful transaction) is more appropriate for comparison.

Oddly, the BlackCoin specs state a 1 minute block time, which while true for the PoW distribution stage cannot be correct for its now PoS network, as the confirmation times have been as fast as 32 seconds, as per bitinfocharts.com

A transaction is a data bundle, if you like, with the info needed to be added to the blockchain. It needs to be confirmed at least once, a confirmation. The links you've provided shows the first confirmation takes 0.89 minutes on average. It takes 10 confirmations to be absolutely safe.

Wherr does the 10 sec come in?

From my previous looks at the official Blockchain explorer... which now shows transactions as quick as 2 seconds, so the network could be even quicker for transactions than 10 seconds
http://blocks.blackcoin.pw/chain/BlackCoin

Block           Approx. Time       Transactions   Value Out           Difficulty   Outstanding   Average Age   Chain Age   % CoinDD
86469   2014-04-25 00:25:14           3   4529.49055015   0.268   74514476.59108503   12.1918   59.7675   78.6195%
86468   2014-04-25 00:24:31           2   1125.14479714   0.237   74514476.48124018   12.1917   59.767   78.6194%
86467   2014-04-25 00:24:29           2   6268.51900027   0.216   74514476.36252451   12.1917   59.767   78.6194%
86466   2014-04-25 00:24:15           2   2451.75011091   0.223   74514474.5298787   12.1924   59.7668   78.618%
86465   2014-04-25 00:22:58           3   1745.16441788   0.23     74514474.37055986   12.1916   59.7659   78.6191%
86464   2014-04-25 00:21:41           4   7801.43828072   0.254   74514473.95636921   12.1909   59.7651   78.62%
86463   2014-04-25 00:19:48           2   3000.90649713   0.339   74514473.69240755   12.1903   59.7638   78.6207%
86462   2014-04-25 00:15:58           2   3501.16701899   0.339   74514473.59945559   12.1876   59.7611   78.6243%
86461   2014-04-25 00:16:30           3   2048.69126806   0.327   74514473.35841021   12.1881   59.7615   78.6236%
86460   2014-04-25 00:15:49           3   1138.69085308   0.325   74514472.6538097   12.188   59.761   78.6236%
86459   2014-04-25 00:14:52           2   11384.21974278    0.291   74514472.49684546   12.1874   59.7603   78.6244%
86458   2014-04-25 00:14:44           2   1050.36406836   0.278   74514471.47026702   12.1878   59.7602   78.6236%
86457   2014-04-25 00:14:07           3   1517.59626968   0.282   74514471.27530063   12.1875   59.7598   78.624%
86456   2014-04-25 00:13:00           2   6000.39043972   0.249   74514471.2159428   12.1868   59.759   78.625%

But you have shown the average is 0.89 minutes, why point to favourable runs as if they are common? The facts are 0.89minutes for first confirmation.

There is also a 4min block and 2min block in the list

In my post of highlights, I stated two points:
1. Transaction time of 10 seconds, which as now shown is incorrect and is indeed even faster.
2. Confirmation time of under a minute, which as you agree is correct.  This is also faster than any other crypto in the top 10, factually correct.

In advertising any product or service, it's important to use factually positive statements   While the blockchain explorer shows some transaction/confirmation blocks can take upto 4 minutes, the average is still under a minute, faster than any other top10 crypto.  It is possible - not a dev so unsure on this - that the longer gaps are due to periods of no transactions taking place, i.e. confirmations are not required?

For comparison purposes, if a network (e.g. the excellent NXT framework) has a stated block time of 1 minute, then it's average confirmation time can only ever be slower than that, likely somewhere between 1 and 1m30s.  Slightly off topic, once NXT has greatly improved it's API tools for traders, exchanges and merchants, and remove it's image of being poorly distributed, then it should well prove more popular.  Definitely one to watch

[XbladeX]

Oh wow, it this the BLACKCOIN thread or the

let-me-promote-my-totally-unrelated-service-for-some-other-coin thread?


Can we stay on topic?

i think its too late soepkip, this place isoverrun now

It needs to be moderated! One of the coin devs should take the charge here.

Never. A self moderated thread on here is a quick key to a rapidly declining reputation - just look at LOTTO and a other overzealous devs - just let this place patter on, and promote blackcointalk for people who want more succinct and pertinent info...

i think i agree with this.if this thread is meant for doom I guess thats just the way it is. if people are smart enough they should be able to figure out what is FUD or spam on their own.

+1 agree i hate moderated threds // all most allways there is some scam behind it... in 50%

[Daedelus]

As I understand it (i could be incorrect) Transaction time is the minimum time a crypto network can confirm a coin transfer from one account/wallet to another.  For PoW coins this is slightly higher than their block time.  PoS coins can have a MUCH faster block time, but fluctuate more with their transaction speeds due to lack of hashing power (no heavy CPU, GPU or ASIC providing the power), therefore average confirmation time (proof of a successful transaction) is more appropriate for comparison.

Oddly, the BlackCoin specs state a 1 minute block time, which while true for the PoW distribution stage cannot be correct for its now PoS network, as the confirmation times have been as fast as 32 seconds, as per bitinfocharts.com

A transaction is a data bundle, if you like, with the info needed to be added to the blockchain. It needs to be confirmed at least once, a confirmation. The links you've provided shows the first confirmation takes 0.89 minutes on average. It takes 10 confirmations to be absolutely safe.

Wherr does the 10 sec come in?

From my previous looks at the official Blockchain explorer... which now shows transactions as quick as 2 seconds, so the network could be even quicker for transactions than 10 seconds
http://blocks.blackcoin.pw/chain/BlackCoin

Block           Approx. Time       Transactions   Value Out           Difficulty   Outstanding   Average Age   Chain Age   % CoinDD
86469   2014-04-25 00:25:14           3   4529.49055015   0.268   74514476.59108503   12.1918   59.7675   78.6195%
86468   2014-04-25 00:24:31           2   1125.14479714   0.237   74514476.48124018   12.1917   59.767   78.6194%
86467   2014-04-25 00:24:29           2   6268.51900027   0.216   74514476.36252451   12.1917   59.767   78.6194%
86466   2014-04-25 00:24:15           2   2451.75011091   0.223   74514474.5298787   12.1924   59.7668   78.618%
86465   2014-04-25 00:22:58           3   1745.16441788   0.23     74514474.37055986   12.1916   59.7659   78.6191%
86464   2014-04-25 00:21:41           4   7801.43828072   0.254   74514473.95636921   12.1909   59.7651   78.62%
86463   2014-04-25 00:19:48           2   3000.90649713   0.339   74514473.69240755   12.1903   59.7638   78.6207%
86462   2014-04-25 00:15:58           2   3501.16701899   0.339   74514473.59945559   12.1876   59.7611   78.6243%
86461   2014-04-25 00:16:30           3   2048.69126806   0.327   74514473.35841021   12.1881   59.7615   78.6236%
86460   2014-04-25 00:15:49           3   1138.69085308   0.325   74514472.6538097   12.188   59.761   78.6236%
86459   2014-04-25 00:14:52           2   11384.21974278    0.291   74514472.49684546   12.1874   59.7603   78.6244%
86458   2014-04-25 00:14:44           2   1050.36406836   0.278   74514471.47026702   12.1878   59.7602   78.6236%
86457   2014-04-25 00:14:07           3   1517.59626968   0.282   74514471.27530063   12.1875   59.7598   78.624%
86456   2014-04-25 00:13:00           2   6000.39043972   0.249   74514471.2159428   12.1868   59.759   78.625%

But you have shown the average is 0.89 minutes, why point to favourable runs as if they are common? The facts are 0.89minutes for first confirmation.

There is also a 4min block and 2min block in the list

In my post of highlights, I stated two points:
1. Transaction time of 10 seconds, which as now shown is incorrect and is indeed even faster.
2. Confirmation time of under a minute, which as you agree is correct.  This is also faster than any other crypto in the top 10, factually correct.

In advertising any product or service, it's important to use factually positive statements  While the blockchain explorer shows some transaction/confirmation blocks can take upto 4 minutes, the average is still under a minute, faster than any other top10 crypto.  It is possible - not a dev so unsure on this - that the longer gaps are due to periods of no transactions taking place, i.e. confirmations are not required?

For comparison purposes, if a network (e.g. the excellent NXT framework) has a stated block time of 1 minute, then it's average confirmation time can only ever be slower than that, likely somewhere between 1 and 1m30s.  Slightly off topic, once NXT has greatly improved it's API tools for traders, exchanges and merchants, and remove it's image of being poorly distributed, then it should well prove more popular.  Definitely one to watch

I don't agree and you are setting new users up for disappointment.  I don't think you have understood what I have said and you're creating sub divisions in terminology that don't exist.

Let's take a break, you can go to bed and we'll catch up later. When people can sense DUF as well as they can FUD, the cryptoworld will be a much better place for it  

I'll leave with a question, what is a 'transaction time' if you distinguish transactions seperately from getting confirmations?

[minerfool]

Isn't IE the same guy who made this thread:

https://bitcointalk.org/index.php?topic=578797.0

Hope you didnt follow his advice, you'd be down about 40% right now ...

[judgecrypto]

@ IconicExpert...

You are one of the main reason I am holding my coins purchased at 50k and not losing sleep.  You are doing a great job!  Keep up the good work...

[LegendaryAnvil]

I'm white can I mine this? 

No, the only way to go is... WhiteCoin

Look at the date on that. Its from page 3. Brightlight is a prophet lol

[BlackHaze]

Panic Sell Now & Regret It Later

I have always been upfront with this community and I have made promises that I have kept and assurances I made that I intend on keeping. I have displayed numerous times I am here for this community, and many of you have contacted me personally and I always take the time to respond. I am not here for the developers or the large investors, I am here for you. We have seen ups and we have seen downs, and let us not forget less than two weeks ago we were trading at 5000 sat. Unfortunately every week can't be a slingshot to the moon. Some weeks will be slightly down weeks, and other weeks will be even worse. Yesterday I backed the idea of a public pump because at the time it seemed the community wanted it, and I felt we all needed something to rally behind. The community took a vote and I canceled the public pump based on that vote.

Now today everyone is panicking because the price of BC is going down a bit. If I am not panicking then you shouldn't be. Next week I have some surprises that will get everyone excited, and as I have stated I am working hard on the May super event. I am also personally working on major deals that will bring a ton of value to BlackCoin. So if you want to sell because we are not currently trading at 80k sat, then go right ahead and sell. But I promises you a few weeks from now you will be singing the blues like the people who sold at 500 sat, 1000 sat, 5000 sat, and 10000 sat.

I would like to make it clear that no crypto-coin, fiat currency, or stock  has 365 days of upward movement. No financial product known to man is immune to down days!!!

To the trolls and the agitators who come in here every time we have a down day and claim BlackCoin is dead. If BlackCoin is dead and is the 8th highest coin in Market Cap, and the 3rd most traded coin in volume, then what does that say about the other coins??? If  BlackCoin is dead and is trading better than more than 98% of the other coins, does that must mean more than 98% of the coins are all dead???

[Jesse Livermore]

I think people are pulling out of Blackcoin because the big growth is over and done.

Whitecoin is moving. And PoS ends like what in 3 hrs.

BC lovers say WC sucks, it's nothing but a copy coin.

I'm moving into WC. I hope it copies BC verbatim. 1200 to 50000.

That my friends is MONEY!

First off, Whitecoin is a joke and stands no chance of ever surpassing Blackcoin.
However in the short-term Blackcoin has a high volume low at 27300 which stands a good chance of being re-tested in the next 24 hours
While Whitecoin has 2 high volume highs at 1440 and 1289 with somewhat low volume off those tops (which is bullish).
I personally have just traded a very small amount of BC proceeds to buy some WC with a hopeful plan of buying even more BC afterwards. I don't post stops publicly however if I see high volume bring down WC or high volume bring up BC I'm reverting back to BC. First target is 1289 followed by 1440.


JL

[kozmos]

There are some points to be mentioned here:


1 - The name of the topic is related to BlackCoin, why some are b**ching and moaning about other coins whether it is scam coins or not and comparing it to BlackCoin here in this topic and trying their best to bring BlackCoin down? aha it went from 500 to 90000 went back to 30000 and there is a chance to go up again, maybe missed the train? I can bet with all money I have and more about this.

2- Coins are about business and profit, that's true and regardless what's the traded coin even it is cloned (although the dev. team of a coin has a big role of deciding which coin we shall trade for the future). Yet you can see the same fanboys are moaning about how profitable are their coins and blahing about BlackCoin is a SCAM coin. Well why don't you go then and trade your beloved coins and give us a break from your headache?

3- dev. team and other moderators honestly shall take action against such a waste of time trollers, i mean we didn't have a break from fyrstikken to find his kids-like guys next are continuing daddy's legacy of his non sense.

[Jesse Livermore]

I think people are pulling out of Blackcoin because the big growth is over and done.

Whitecoin is moving. And PoS ends like what in 3 hrs.

BC lovers say WC sucks, it's nothing but a copy coin.

I'm moving into WC. I hope it copies BC verbatim. 1200 to 50000.

That my friends is MONEY!

First off, Whitecoin is a joke and stands no chance of ever surpassing Blackcoin.
However in the short-term Blackcoin has a high volume low at 27300 which stands a good chance of being re-tested in the next 24 hours
While Whitecoin has 2 high volume highs at 1440 and 1289 with somewhat low volume off those tops (which is bullish).
I personally have just traded a very small amount of BC proceeds to buy some WC with a hopeful plan of buying even more BC afterwards. I don't post stops publicly however if I see high volume bring down WC or high volume bring up BC I'm reverting back to BC. First target is 1289 followed by 1440.


JL

Selling BC to buy WC is a zero sum game - the BC you sell lowers the BC price and raises WC, then when you reverse you just do the opposite.  And taking up space telling people that and dissing WC is publicising WC and making BC look weak for needing to defend itself.  Same goes on WC thread.

There is a price relationship developing between BC and WC like I said above.

And there are new stake coins that are *beating* BC & WC - who are just fighting each other.

So fighting is going to hurt both BC & WC, you should focus on competing in the whole market not just targeting another coin that sneaked in with a related name, its here as well as other competitors who are growing fast so try to deal with that instead of complaining and using BC / energy to hurt the other coin?

It's not zero-sum at all because the relationship is not perfectly inverse by any means. I think WC has short-term up-side of possibly at least 17% and maybe even 31% while I think BC has short-term down-side potentially 12% but more-than-likely might just flounder sideways for a day.
And as long as BC has CoinKite, and an amazing team of developers backing it up, I don't see WC anywhere near being a legitimate competitor....hence my "Whitecoin is a joke" proclamation.

[xingming]

china whale pump toemorow

[IconicExpert]

The BlackCoin community is filled with some of the most creative people in crypto, and now we you will be rewarded for your creativity!!!

Starting today we invite you to create a 30+ second video about BlackCoin. It can by anything you like, you decide!!! All entries must be entered by Friday May 2nd to qualify. On May 3rd we will post the list of all entries and allow the community to vote. On Monday May 5th the winners will be announced!!!


First prize: 1000BC and a Limited Edition BC Card.
Second Prize: 500BC and a First Edition BC Card.
Third Prize: 250BC and a First Edition BC Card.

Please PM me the link to your video so you can be entered. Cutoff time to submit your video is May 2nd 11:59PM EST (NYC Time)!!!




Here is the first entry by rickywaldron: http://www.youtube.com/watch?v=elugaT-R308

[buy-black]

ALWAYS BET ON BLACK - Update 16

SELLERS CONTINUE TO PRESSURE - STILL TRAPPED BY SELLERS

We are trapped by BIG sellers while smart buyers set their low-priced buy-walls at critical support levels.

From a trading perspective the 27K low is critical and if broken could cause a sell-off to 25K, 20K, and maybe even 12K.

Some signs of bottoming out are consolidating.

1. Double bottom at 29K

2. Bounce from the Fibonacci bottom fan-line (support) to a horizontal consolidation.

3. Consolidation on the 78% retracement line

4. Selling volumes are decreasing.

5. The fundamentals of this coin remain very strong.

First a long term chart showing the selling pressure and the buying support with the critical price support levels.



Next we review the Fibbonacci Retracetment support and resistance lines.

Currently we are at the 78.6% (31K) line which is typically not considered as an entry point to a run up since it is so close to the bottom. Most people will consider this area as a very risky to go long for an upside trend and prefer to wait for a double bottom confirmation at 0% (27K). If the price goes below 27K then the recovery is considered not possible and the price must go below 27K. As the price breaks upward through each Fibonacci level the recovery would be considered stronger and stronger until it breaks out of the final 45K resistance.



Now lets use a second tool called the Fibonacci Fan which is used to follow a trend and to determine if this trend is about to go up or down. Again look at each of these lines as support and resistance lines. Support if price is above the line , and resistance if the price is below the line.



The short term trend established by Fibonacci is drawn from the high to-the-low price of the trend in question.  At the moment we have moved horizontally (against the trend), have crossed the second resistance line and moving toward the third. If the price is not able to penetrate this line it may bounce and go lower to the previous support line.

The downward trend will be considered over when the price breaks out the final resistance line in the fan. We are about halfway there!

And finally here is the current Buyers vs Sellers displaying some buying weakness and dangers like that lack of BTC walls below 16K. This is a typical weakness shown when the buyers are under pressure and use all of their resources to protect the front lines.



Buy-Black
P.S. If you want to read the other reports go here: http://www.dailyblackcoin.com/category/market-analysis-by-buy-black/

[/size]

[IconicExpert]

@ IconicExpert...

You are one of the main reason I am holding my coins purchased at 50k and not losing sleep.  You are doing a great job!  Keep up the good work...

Thank you for your support...

[Korri]

New BlackCoin faucet, enjoy:

http://blackcoin.coinfaucets.info/favicon-196x196.png

http://blackcoin.coinfaucets.info/


And if you can, please donate !

[kpierce77]

ALWAYS BET ON BLACK - Update 16

SELLERS CONTINUE TO PRESSURE - STILL TRAPPED BY SELLERS

We are trapped by BIG sellers while smart buyers set their low-priced buy-walls at critical support levels.

From a trading perspective the 27K low is critical and if broken could cause a sell-off to 25K, 20K, and maybe even 12K.

Some signs of bottoming out are consolidating.

1. Double bottom at 29K

2. Bounce from the Fibonacci bottom fan-line (support) to a horizontal consolidation.

3. Consolidation on the 78% retracement line

4. Selling volumes are decreasing.

5. The fundamentals of this coin remain very strong.

First a long term chart showing the selling pressure and the buying support with the critical price support levels.



Next we review the Fibbonacci Retracetment support and resistance lines.

Currently we are at the 78.6% (31K) line which is typically not considered as an entry point to a run up since it is so close to the bottom. Most people will consider this area as a very risky to go long for an upside trend and prefer to wait for a double bottom confirmation at 0% (27K). If the price goes below 27K then the recovery is considered not possible and the price must go below 27K. As the price breaks upward through each Fibonacci level the recovery would be considered stronger and stronger until it breaks out of the final 45K resistance.



Now lets use a second tool called the Fibonacci Fan which is used to follow a trend and to determine if this trend is about to go up or down. Again look at each of these lines as support and resistance lines. Support if price is above the line , and resistance if the price is below the line.



The short term trend established by Fibonacci is drawn from the high to-the-low price of the trend in question.  At the moment we have moved horizontally (against the trend), have crossed the second resistance line and moving toward the third. If the price is not able to penetrate this line it may bounce and go lower to the previous support line.

The downward trend will be considered over when the price breaks out the final resistance line in the fan. We are about halfway there!

And finally here is the current Buyers vs Sellers displaying some buying weakness and dangers like that lack of BTC walls below 16K. This is a typical weakness shown when the buyers are under pressure and use all of their resources to protect the front lines.



Buy-Black
P.S. If you want to read the other reports go here: http://www.dailyblackcoin.com/category/market-analysis-by-buy-black/

[/size]

Wow… I am just in awe of your analysis!  Good work!!