Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 25. (Read 32931 times)

No idea how I had missed that one.

I think you underestimate their plans. Circle are backed by Goldman Sachs and their aim is to turn Poloniex into a fully legalised and regulated fiat exchange with multiple currency support - a direct competitor to coinbase, meaning onboarding noobs and generating a lot more interest in their offerings.

1.2.5 was released and is fully compatible with ongoing development of Lore which you can also use. Neither of these clients are breaking away from the “norm” as it stands tho Lore may move away and branch out eventually to continue to progress BLK. The blacknet or whatever rat4/dolittle is doing will be a totally different proposition but not a single line of code has been shown to exist yet.

So, I should stick to v1.2.4 for staking ?

The current volume is actually extremely low (as always when BTC is going up or down).

The original thread is this one with nearly 2.5 Million visits, please read the last pages there or for a (very brief) summary of the situation this post - you will know why there is this "fresh" BLK thread and I don't need to type it all again ;-)

not very bad volume on bittrex. But there is only one question. The coin is 4 yo. Why was the topic created only now?

Another explorer: https://bitinfocharts.com/blackcoin/

Gritt, could you add all of these explorers to OP?

Thats a nice price Poloniex got, probably a good thing for them to have  revamp or whatever.



There are mining pools which will play in BLK if you request it.   I just exchange manually, the coin is not mined directly only via Stake in a wallet

Explorer
https://chainz.cryptoid.info/blk/
https://prohashing.com/explorer/Blackcoin/




   This looks like a new thread maybe but its just refresh of a forum presence on Bitcointalk since 2014.    Load up or google Bittrex and Blackcoin is on the front page.   Its been listed for donkeys years, do a little more research or you will miss out on some genuinely good projects.   Do people just trash talk new threads, I guess.

There is no mining on this coin except if maybe via mine ETH or whatever and then exchange it across, all wallet holders then Stake which is very low power idle type mining I think it can be described or interest on your balance is how I view it.  The BLK price was a fair bit higher in Jan then now, its not especially late to build up a stake even if just noticing BLK now imo

Yeah, quite good news for sure.

Circle has bought Poloniex for $400m.
http://fortune.com/2018/02/26/circle-cryptocurrency-trade-bitcoin/

BLK has been listed on Polo since 2014, should receive some more attention once the institutionals start diversifying and Circle is a great in-road for them

Huge BLK 

This reflects my sentiments too. If he makes a 360*, even on new chain, I wouldn't mind providing support to both projects. But at this time, seems unlikely.

I also wish that rat4 would still play a part in Blackcoin's development. But we can't wait forever as Blackcoin needs to go forward to face the evergrowing competition. Janko33 has been doing great job and I have utmost trust that he will continue to do that. We might re-evaluate this situation once rat4 can produce detailed explanation about future of BLK and his attendance.

How about we skip the IE part, once was enough. Right now we're working on what we need to to keep Blackcoin strong and relevant. Part of that involves moving away from a single dev to a dev team, that was not an intentional part of the plan but when your original dev seemingly abandons you with zero communication there is no other choice if you want to keep the project alive. Nobody is wishing ill on rat4, in fact, we wish he were still a part of the team but things moved on in his absence out of necessity.

Lovely, let's get Iconic Expert on board for added nostalgia.

Thanks for putting BLK back in my radar though, didn't know there were any dramas.

The DrDolittle guy is (unless someone else managed to obtain not only the 2 accounts on here but also the original BLK address) rat4, the original developer of BlackCoin.
While he used to communicate with the community and other developers in the past, he suddenly ceased to do so.
Other devs, most notably janko33, started to build a new wallet, integrated colored coins, atomic swaps and so on on top of the original BLK protocol - w/o rat4/DrDolittle - as they had to assume that he abandoned the project (read the posts of the last days to get a feeling for it).
Totally out of the blue rat4/DrDolittle announced that BLK will no longer be BLK and is going to be forked into "BlackNet", obviously assuming that everyone, including exchanges and the community, will follow.

Current situation is:

1. BLK will continue according to the plans and works of janko33 and his group, with BLK being updated to include the improvements from the latest bitcoin core base. That version of BLK will (also) require a fork but stick to the current BLK PoS protocol that is proven by BLK itself and a couple of thousand forks. We do believe, that that version will stay listed on the exchanges.

2. rat4/DrDolittle will at some point "take a BLK snapshot" and fork into his "new Blacknet", though nobody but him (and maybe his secret circle) knows what that is going to mean, what technology it is going to use, if and how it is going to be tested in public etc. You can at this point only obtain Blacknet coins/token/whatever by holding BLK at the moment of the not yet announced snapshot.

Hope that helps,
@janko/gritt feel free to correct me if I am wrong with anything, due to family stuff I could not follow our gitter and other sources closely.

this post is copied from the original BLK thread.

That's key here. Nobody has leverage on this coin. Not even the original developer is able to control and use it for his agenda. That's quite impressive.


I don't like the calculator on the website. It's confusing newcomers and it doesn't specify what conditions it uses. 

However, here's how you can predict how much interest you will get on a full year staking: 

The staking reward is 0.98% annual interest.
This inflation is distributed according to network weight.
Typical network weight fluctuates between 18m and 21m coins staking.
There are 76.7m coins in circulation right now.  
76.7 / 18 = 4.3% annual interest
76.7 / 21 = 3.6% annual interest  

Which means that you can expect between 3.6% - 4.3% dividend on your wallet amount.

Hahaha! You got that right. Noobs gotta noob though.

I think it's worth noting that Blackcoin does still have active developers doing amazing stuff and have been doing so for years while the original guy who launched the coin faded into obscurity. Blackcoin is a pure community driven effort, a totally unique proposition in this day and age. And has proven itself over 4 years as reliable and solid. Maybe this thread will find some people who've never heard of it. It's worth getting involved, anyone can make a difference here.

Aye! Fair launch for all. Proof of Stake likely will get it's hay day again eventually. Everyone is all about mining but the typical cycle goes once it is no longer profitable, people explore PoS.