First of all I want to apologize for my DEMANDING TANTRUM but I felt it was needed to get people out of their comfortable chair and look at the current situation from an investor point of view.
Second I want to answer most of peoples comments with the hope that some very positive synergy makes this coin even better than what it is now.
Third, this is my opinion and my criticism with the hope that BlackCoin is the winner.
here you go:
i'm a big supporter of black, have been from the start.. but i agree, there are a lot of people vested here, and we need to hear more from the devs on the daily about what's up. if you guys talk in your black cave more than you talk with us, here, openly in the forum.. faith will ultimately be lost.
irc is nice yes, but there are more people here that want their info here on the forums.
I dont like IRC there is too much noise and there is no record of what has been said, so the updates should be posted here and in Reditt for all to read. The black cave is a very appropriate funny name for IRC.
Please go to reddit. You have to understand we all have our roles.. I personally know very little about development timelines and schedule... So I only focus on PR stuff. On Reddit I can pick and choose what to spend my time on. This forum is a terrible medium for communication. Today 2 foundation members did an AMA on reddit...
I don't like Reditt and its censorship. You say something and if people dont like what you say it gets down-voted and your point get buried where nobody reads it! Yes I hate Reditt!
A quick point to take here...
This isn't Apple you're making demands to, this is a virtual currency still very much in its infancy. If you are an investor / miner you are entitled to nothing but your speculative position in this currency's future value. Should you be a major contributor to the overall future of Blackcoin then please pardon me as I mean no offense. With that being said, your demands have been echoed throughout the community and the devs are currently working hard to deliver upon their promises. Should a month pass without update your concerns would be justified, however, right now your best course of action is to hold and believe in the overall vision of the coin. If that proves to be too much to ask then im sure a handful of users would be more than happy to purchase your stake in BC at current market prices. Take care
We ALL want this currency to grow up so the lack of responsible communication and delivery cannot be justified with "infant currency excuses". In the end the triumph of BlackCoin will be measured by its delivery of what is promised. It is time to grow up and behave as such.
... a weekly update of progress would be nice. All it has to be is something like 80% coding completed on blah blah, 50% testing completed.
All devs keep everybody updated as to their project progress at least once a week - some every day or so - in a post here in this thread and/or on BlackCoin's reddit channel. The BlackCoin news sites often post summaries of these too. Percentages cannot be given as bugs/faults or new ideas/improvements are readily discovered and need to be implemented/resolved. Providing percentages/ratios of progress merely provides false hope and leads to disappointment due to unforeseen issues.
I have not seen an update from Pavel Vasin (rat4) here or in Reddit. He created the original thread and now he does not participate in this forum. Why?
I don't see any other updates except from David (Dzimbeck).
I agree with you, but I think buy-black's real frustration is the insider trading..ie big holders who manipulate the market based on inside knowledge to make profit. That's really disheartening to a small holder.
Yes this is upsetting, of course it is no different with every other coin so this is not just a BC event. What is upsetting is that this type of manipulation is openly discussed with the members of the foundation (pastebins) so it is clear that the inside information benefits the controlling party which is the foundation and others. The pump and dump effect kills investor confidence so openly they are welcoming the pumpers to make a quick profit while the rest of us (investors) can eat shit if we don't play our coins right.
I have noticed a few times when pumps begin with the money of the multipool and then there is follow through. This is partly the reason why the pool had such poor performance, our money used to buy coins at high prices. This improved with v2 prior to the last pump to bring miners back, but now efficiency and the number of miners is again going down.
Playing with pumpers gives a message from the foundation and others like the LDG group, that they are in to make money for themselves and not necessarily to make this coins the best coin. And yes this pisses me off big time!
Now the other way around is announcing it before hand, which creates an (as we've seen in many other coin) hype around that feature long before it is actually fully working. If problems arise in the actual development of that feature people will grow impatient and dump. We've seen this too in many markets.
If you want BlackCoin to continue growing then it needs to be "the leader" that has proven to be and the foundation need to behave responsibly toward the investors. Unfortunately most people are not interested in the future and are only interested on the speculative value of future expectations. It is the fundations responsibility to take the next step and move this coin from speculation to delivery by providing a clear plan and delivering on the expectations.
It appears that BlackCoin is at this cross roads NOW and a decision needs to be made.
The problem is that everybody thinks a week without something big is an eternity in cryptos because the price swings are that enormous at times (and almost always without an actual reason). Actually it is quite astonishing what has been achieved in that short life span, but as usual things will take their time to "pay out". 99% of startups do not even reach this stage, and almost all of the remaining 1% need more time to get to the very top than little over three month.
Time is of the essence, the innovator will go to the playoffs. If Pavel Vasin (rat4) cannot deliver (what is needed) in a timely manner, to stay ahead of the competition, then what should we do? Give up or get more help? Stop playing ponzi games start coding to make BC better.
Crypto is moving fast and innovators are surpassing BC, so the speculators dump, and the whales dump and the investors get an uneasy feeling. This has to stop, grow up people! There is a future for BC but you fat holders have to stop playing with it to get richer!
This. Exactly. I always liked that you announced things when they were on the table. And this being said I think it was a mistake to put the work-in-progress stuff on reddit, and the price graph confirms that.
BC has shown that innovation is the key which gives hope to this coin. If you do not communicate a plan, a goal, an ambition, a dream, then you are dead.
In your comment it seems that you are recommending to keep everything secret so that you (and the controlling group) can profit form insider information.
The new protocol was in development for a very long time and everyone can follow the development on github. Many many weeks ago Pavel Vasin (rat4) even asked for people to join the testnet, here in the forum! Nobody except a few cared about that. Then wizfarm gave the baby a name on reddit ("PoS 2.0" huhu) and everyone got greedy and wanted to see their Bitcoin (!!!) portfolio explode. You want to know how far it is? Look in the code. If you have no understanding of the technology and/or C++, this is fine, but what do you expect to learn then from a weekly developer update?
"but what do you expect to learn then from a weekly developer update?"
Gain investor confidence and eliminate some of the speculative value in the hope that current valuation is based on facts and not on hype.
The same is true for the decentralized exchange by dzimbeck - in fact he gives a ton of information almost everyday which is barely noticed, because the topic is too abstract and for some reason dzimbeck doesn't want to tell us how much exactly the price will increase when he will release his software -.-
I read dzimbecks update and try to understand it. I can see this is moving forward and I have a goooooood feeling that the valuation of this development will be properly added to the price of BC based on peoples understanding of its future value. Unfortunately this will also help every other coin that decides to work with dzimbeck so it is incorporated in its system.
And I've always appreciated this about you and BC. It's very refreshing to not hype half-assed ideas, but instead to deliver quality products/deliverables which has been a hallmark of bc. The disheartening part is that some big holders seem to manipulate the market for profit, sometimes based on things outsiders don't know. I suppose that's a part of capitalism and crypto in particular, but it doesn't make any less disheartening to know you're just a small holder being tossed to and fro by waves generated by whales swimming beneath you.
I think this is reason why we are all here, we are happy with what has been done so far. Now, what can be done to improve?
1. Keep up with development to stay ahead.
2. Communicate to prevent false hopes and hype that benefit market manipulators and the people with insider information.
3. Keep asking for help if it is needed, specially for funding development.
4. Get big investors who are interested in funding of the development.
5. Do not get in bed with pump and dump schemes.
When you drive regular company you can give ETA but here mostly people work for free !
For free... and hmm for free...
And you want eta's. Just stop for a minute and think 2x.
Rat4 is working for free...
Soepkip is working for free...
Vizque is working for free...
Maarx is working for free...
dzimbeck is working for free...
ok sometimes they got donations if their job was good...
They do not work out of love... they do work out of hope... just like me, and with the hope that each one of us will help BlackCoin became a game player in the future.
The real question is: Are they doing enough to get the job done so our hopes are met? Should the foundation change some things to make it better? Should Pavel Vasin (rat4) do something different?
Obviously we are not doing everything right and the price reflects it! Now lets step back and ask what should we do differently? Can something be changed to make it more clear to everybody that BlackCoin will succeed?
Anyone have any thoughts on why there seems to be a volume spike every day at around 12 PM? Been watching it for a bit, and it seems odd. Multipool maybe?
I believe it is the Multipool because I received my coins shortly after the multipool buys the coins and creates the spikes. It has been very repeatable, many times you can see people aligning up so they can sell their coins when the pool is buying all of the sell orders. I have been mining in multipool since the first days and have followed their buys many times. I think that this multipool has good technology and that their efficiency has finally proven to be superior to other pools but in my opinion is being manipulated for other peoples benefits and not necessarily always for the benefit of the miners like me.
yeah you're right, but why it takes so long to give BC the place that deserve? If it's a good coin full of stuff better than the others, it should be already in the 3rd place.
I know we need to wait, and I'm holding and waiting, but this coin need to explode as soon as possible.
I believe it is because BlackCoin team has associated themselves with pumpers to make money and to get noticed. This brings some negative pressure in the market from the people that get burned or feel cheated!
I am getting the feeling that the pumpers themselves got burned on the last run up and therefore are now very upset with the TEAM! I suspect that the price of BC was going to continue to go up but some heavy handed member which holds a lot of coins clobbered the pumper until he had to give up his pump and initiate his exit early thus not making the proper return on his pumping investment.
I saw a market movement at the very top (43K) where the pumper kept trying to stabilize the price putting his BTC at the buy and the heavy handed seller kept dumping his coins over and over and over and over. It was a war of whales and you could see the intensity of both sides. I was soooo upset at the seller that I screamed in IRC to stop selling and immediately I got kicked out. This I believe is the same guy who thinks he is in control of BlackCoin and will try to kill any pump to maintain a more stable price.
Now it appears that the whales have exited the coin and hopefully we can be MORE SERIOUS NOW to attract investors who want to hold the coin instead of pump it and then dump it for a quick profit.
Buy-Black
