Blackcoin was 99% instamined.
It was announced it has PoW phase to distribute the coins after which it switches to PoS. I'm sorry you did not understand that or just decided to ignore it. Those who had the vision, did mine it.
The creators rented out huge hashpower farms over the 1 week distribution period to get all the coins.
Proof? If you don't have it, stfu liar.
Avergae joe-miner wasn't able to mine hardly any.
I am very much an average miner, and managed to mine over 0.1% of the total amount. I just saw immediately what a huge potential it had, and acted accordingly. There were many like me.
It was all being dumped, until once the mining phase was over, they started faking the volume. They trade back and forth with themselves to pump the volume and price since they own all of it....nobody could dump on them, since they owned it all.
Again, show me the proof. If you don't have it, stfu liar.
I don't know the history of this coin.
I agree 100%.