Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 19. (Read 32931 times)

The algorithm is too old. Many asics can mine the very huge amount of coins. Too bad

I've never heard that use case before that's a pretty great idea! The escrow is only needed for the trust aspect. Kind of similar to Barter I guess. I finished
all of those templates including Python contracts where users can program their own. However, I'm waiting to see if more people use the basic features
before activating them in the code. For now users should at least experiment with custom contracts and P2P cash deals.

Regardless, the market is still gambling too much now. It's going to take time for the masses to continue to migrate to actual usable software. We are
doing a web implementation at Bitbay eventually I think and of course the peg is almost done and at some point I would be interested in doing "Atomic double deposit" so users can mix deposits from various currencies. It was a newer concept of mine. In order to do that though I need to see more users. And still, Halo is the original brand and deserves much better. Never did I think I would find Namecoin, Peercoin, Blackcoin and so many of the "original" coins on page 3 or 4 behind a bunch of sleazy projects.
We deserve better.

Blackhalo would need that initial kernel to get the snowball growing. Maybe full trades (fiat for goods) may be setting the bar too high for most people. A slightly lower type of usage is lending, the sharing economy. Like those apps that let people put all kind of equipment up for sharing. The flaw in those systems is that it's completely reputation based. You have no idea in what kind of state you'll see your equipment back.  

Blackhalo is the perfect escrow for that. Both people put their BLK in the escrow, there's no transaction, but the smart contract sits there until someone lended their stuff, the other brought it back in a satisfactory state and both people are happy. Though it'd be advisory for the person who uses the equipment to put in a higher (2x) escrow than the lender due to the asymmetrical nature of the trade.  

I tried to explain escrow transactions to a friend of mine, and only once I brought up this lending example it 'clicked' for him.

 

The option to burn BLK for a new coin is great for BLK. It really raises the value of Blackcoin. Value comes in but it doesn't go back out again.

Hmm without Janko and rat4 we are a little short on devs. Still though wish people would use BlackHalo/BitHalo more often especially for OTC cash deals. I have finished all the templates and features for it actually. A new release comes out at the end of this month.

It's possible at some point you guys may want to fork and update the protocol to support more advanced features... perhaps pruning of the chain, contracts, rep system, more random stake selection, etc.

If none of those things take place though it might be a grind. Didn't see any new developments with "Blacknet" other than a name change. I'm assuming at some point this will have to fork if there is a 2nd network but even so nothing was clarified with the community which was I'm assuming the motivation for this thread.

Burning Blackcoin ?  sacrilege, I dont mind new stuff, innovations but yea do make a new thread and I'll subscribe read up on it some.   Oh this is the right link I guess, https://bitcointalksearch.org/topic/ercoin-proof-of-stake-fair-distribution-messages-accounts-original-code-2071642
I'm not immediately seeing whats distinctive about it, but now I've posted the link it should be discussed there mostly.   Good luck

It's not hijacking at all, people know about ercoin and it directly relates to current and future BlackCoin holders. Good to be able to keep up to date this way, for all people that might be interested.

Lets wait OP for more informations about future of this project.

Else this looks like hijacking of topic, and this is not allowed according to the rules of the forum.

This has not been decided yet. I’m reluctant to schedule distribution before launching a public testnet. Also it would be nice to have Tendermint (which serves as a consensus engine) version 1.0 released. I’d say that “this summer” is a rather optimistic, but not unrealistic estimation.


All ercoins are planned to be distributed via BlackCoin burning. The total money supply has not been determined yet, but it is more or less irrelevant — it’s just a number.

how many ercoin will initially be distributed thru burning blackcoin

When is ercoin distribution

So there are now three cryptocurrencies either in existence, announced or in development, which are going to derive their blockchains from BlackCoin’s:

• BlackCoin itself.
• Blacknet, which is going to create initial distribution from BlackCoin’s blockchain snapshot.
• Ercoin, which I’m developing, and which is going to use BlackCoin burning to obtain initial distribution.

Thoughts?

Yes rat 4. Owned the old thread and changed name too blacknet even though there is no blacknet coin this is the new black coin thread

Is this a new Blackcoin thread? I've known Blackcoin for a long time exactly 4 years ago after going into the Bittrex exchange and making history so far. I also feel the profit repeatedly with Blackcoin and it is very fun.

Take advantage of 20 cent price will be back above dollar soon

$0.2 for the mother of POS 2.0 & 3.0
This is so ridiculous..

Right. I can also open a lemonade stand and buy Blackcoin with the profits, but that doesn't mean I'm squeezing Blackcoin juice. 

I really like that Blackcoin allows you to make quick transactions. You can send money to anyone in the world in seconds!

What is the purpose and mission of this blockcoin? How does Blockcoin influence in banking and industry in this country?

^^ it could be ok for especially small holders who anticipate growth and want to hold and come back later.   I would have to echo its risky to expect a website to just continue fine, I would be alot richer if that had not been a problem repeatedly in the past even big websites.  It breaks the golden rule, simply respect decentralisation.


If we go back 4 years, the very start or IPO if you like for BLK there was direct mining (long over and completed pow phase) but now POW is unused unless we are talking in slang for staking (POS) which does give extra BLK to users/holders (miners if you want to label it comparatively like that).   Its possible people would confuse the two.
   The old bitcoin wallets used to be able to 'mine' new coins but to do similar with BLK you'd have to have a balance of BLK in the wallet first place to stake and then you get a kind of interest is how I see it.   I wouldn't argue too much if people want to start calling it mining.    BLK isnt using GPU

The other thing would be to mine completely separate blockchains and then buy or exchange the mining proceeds into BLK.  Good idea because it can be staked and staking will not interfere with operation of a GPU so it could be considered similar to mixed mining in a rough way.

this video is interesting and mentions POS.  I did not know the staking original idea predated bitcoin usage
https://youtu.be/6xIq0FdmsIA?t=1572

See I dont agree with this guy exactly but he isnt using absolutes and mentions big known problems to me which is good for starters even if the conclusions are 'meh' as he says.    The big deal is staking is more efficient then all the energy used up by bitcoin and I think that could be make BTC secondary even.   Most economies are centred around competitive markets and efficiency, it will matter but maybe BTC improves

Pool staking only makes sense for those that don't want a Computer/Raspi running 24/7 to stake their coins. But it has two huge drawbacks:
1st you'd need to have to give all your BLK to someone else, which means you have to trust someone 100% that they don't run off with your coins.
2nd you'd harm the network's decentralisation, when the pool would have a significant amount of the network weight.

So, pool staking doesn't make much sense but brings huge risks, especially for your own coins.