Topic: [ANN] Blackcoin Lore [BLK] | Home of PoS 3.0 | No ICO | No Pre-mine - page 7. (Read 32663 times)

I'll do
Thank you!

Better to ask here: https://gitter.im/BlackCoin_Hub/Support

Blackcoin core wallet stopped syncing.. i get ProcessBlock: ORPHAN BLOCK 751,  errors.
Tried to install latest core client: 1.2.5.2 and it doesnt work

What can i do to resync ?

I'm a little nostalgic, I don't have the habit of generating many addresses, although it is a security recommendation of the majority, but,  I'll test "More" too...

It will let you use either client you choose r_victory.    https://blackcoinmore.org/   recommends to send coins from the old wallet to the new More one rather then transferring the .dat file  .  I like the history going back years on my old address but I think I'll take that send option and test More

Thanks dzimbeck, I appreciate the correction I'll bookmark your post for next time I see a DPOS vs POW vs POS discussion/article on twitter

Can I continue to use the Blackcoin Legacy wallet or will it be discontinued? I have my saved wallet.dat and don't want to transfer to More...

Actually the reason it doesn't give that incentive is a good thing. For example, I can split an input into 1000s of outputs. If Coinage was allowed those tiny outputs could sit for a while and generate higher stakes. It also lets a user gain more network weight by not being connected which is clearly a security hole. Rat4 removed this for those reasons.

Lets say a guy with 100 coins has a 10x lower chance of getting a stake than a guy with 1000 coins. That is totally fair because they BOTH average about 1% a year considering a reward of 1.5 coins. So if a guy with 100 coins is connected for a year he will see a block more or less. The guy with 1000 coins might get a stake per month. It doesn't favor the rich.

Consider DPOS which does favor the rich. Once you get into the 100 delegates or 20 delegates or whatever, you can pay people to vote for you and stay in the top. Also, it's less people validating the chain. For pure POS 3.0 there could be as many people staking as there are people connected. As incentive rises to stake, people upgrade hardware to run the full nodes. DPOS was never necessary and was a centralized workaround to make a glorified database. It paid off well because the devs could roll out a product but it wasn't actually secure and neither was the trivial data (like Steemit which stores it's data elsewhere).

POW also favors the rich because wealthy people can build better hardware to dominate the network. Also POW is notoriously prone to being forked for smaller chains. This is because the "small chain" is only as secure as the "big chain". Basically BTC miners can at any time point their pools at weak coins, perform double spend attacks and destroy those chains. POS doesn't suffer from this at all because the network difficulty is contained within it's own network. Only people genuinely invested in Blackcoin can attempt to fork it.

The reason to get involved with Blackcoin is that this network has been running securely for 6 years and it has never been forked! Furthermore there is software like BitHalo/BlackHalo and the new developments with More and such.

With less people staking, it does give an incentive to connect and stake because the higher reward. It's good to look at network weight. Still the volume needs to be there. Blackcoin needs to keep developing to stay competitive.

Obviously you'd know better then me on this but I'm just mentioning how its not completely bound to revolve around just the largest wallets.  I believe it gives some priority to those who've not staked before over somebody who staked 5 times already today.    Thats how someone who is a much smaller holder would still be involved despite not being in the top 100 list.    The coins on Bittrex arent involved in staking either afaik, so theres that positive also as some incentive to setup a wallet even the smaller or newer participants.

Blackcoin POS 3.0 doesn't have Coinage as it was removed for obvious security reasons. There is no difference from new wallets to old ones.

I'm making a reference to coin age.  People who have already staked alot do go behind somebody who has never staked, some people might think only the largest holders get to stake and continually block the small guy but thats not really the case.  When I see Proof of stake discussed on twitter vs other protocols on efficency and security, that seems to be the main criticism that ok its good on everything else but its too biased or it a system which favours the rich only.    I dont see the little guy mining Bitcoin anymore, I used to do it myself but it became a capital intensive process afaik so I do think the discussion is a bit off on that.    It seems that label is out there, better to discuss it then let it continue.  


Yes it does and there is more then one client that could be used to stake so you should be fine

i like this coin , but the download is slow i stopped counting after day 4 xD
Also the max connections i get is only 2 but sometimes 1 without any firewall.

would be nice if the client could allow more than 2 connections

Why would the protocol have a bias to new members? Are you saying this because the difficulty is low?

Its most definitely active but not especially on this forum which is a shame but there it is.   I believe more people are is discussion on telegraph app then here or reddit or twitter even but you should sign up to all to stay in contact with people involved with BLK.
If you are interested, start a wallet get a few coins in there and eventually you will be staking and part of the network yourself.   Theres no massive startup costs, you dont have to buy any equipment just use the PC you are on now is enough.  The protocol has a bias to new people who have never staked their BLK coins before and want to help confirm transactions.   The more the merrier and the better it works, its a very good system

Is this coin still alive? Any roadmap or published plans for the future?

The new more wallet v2.13.2.3 have also the command "repairwallet" or similar?

Petition to rename to MOAR

No, ok maybe not.    I noticed when installing Coinomi it supports BLK and even mentions the idea of staking for some coins.    Anyone know or has tested it working with a stake on BLK I wanted to ask ?
https://coinomi.freshdesk.com/support/solutions/articles/29000026013-staking-in-coinomi

I know ages ago the idea of staking on a phone was dismissed for various reasons including security I guess, but I'm still interested if its currently possible in that case.   My phone is so beat up and old its practically in a retirement home of sitting on a protective shelf and needs the mains almost always but its still useful and actually a waste if I didnt use it

Thanks for the tips to both of you, I will try them as soon as I am able to again

Improper shutdown USUALLY is the case that causes it 99% of the time. If you got a power out, held the shutdown button, closed you laptop lid (more common), that will all cause database corruption.

Any errors displaying? The blockchain db can get damaged for instance on crashes or when the computer shuts down, happened for me with blackcoin and other coins too. If this is the case, you need to resync the whole chain. Maybe try to install More and see if it synces (it should also sync faster than original QT) and try to import your keys as described above.

Good news regarding Blackcoin More. I was wondering though, my BlackCoin QT wallet (1.2.5.2) has not been properly syncing since the 7th of March. Anyone have an idea why this is? Restarting the wallet does not help either.