Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 100. (Read 2510320 times)
rat4 sighting.....attention, rat4 sighting! You get all your personal shit resolved, brother? Are we back in black?
They're good questions. PoS is maturing, ETH is likely to switch at some point. Centralisation isn't unique to PoS, there are many prominent BTC miners with a good chunk of hashpower and then Satoshi himself still has a million coins don't forget! I'd argue the distribution for BLK is especially good given its age and history of trading, so while both PoS and PoW present potential for centralisation, we have that one enormous advantage of almost zero energy consumption (in comparison). Many BTC advocates would cite that as a weakness; the proof of work has to be an exchange of energy for security. Well, BLK is still standing strong for over 3 years purely PoS and have not been successfully attacked, so make of that what you will.
I think the world can cope with both existing and I hope BLK continues to set the bar for a model PoS only coin as it did back in 2014.
I think the world can cope with both existing and I hope BLK continues to set the bar for a model PoS only coin as it did back in 2014.
So, can we claim that PoW coins have their security depend on energy while PoS coins are secure energy-independent?
Having energy-independence could be a security advantage.
Could you send a few of the articles that back this thought up?
As you may know, I am writing a research including blockchain technologies and I have to compare PoS to other categories.
BLK could be an excellent example that demonstrates PoS advantages...
reasons i invested:
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
Thank you! Now that you are saying, I have to admit I should take its fair launch into account too. I think, this coin has a good and clean reputation, which is rare among alt coins.
But does this technology have a prominent future compared to others such as POW? Because to me, it seems for the major mining organizations getting energy cost-efficiently is not that big issue and people have these doubts about centralization time and time again related POS coins. Does BLK have the answers for these questions?
They're good questions. PoS is maturing, ETH is likely to switch at some point. Centralisation isn't unique to PoS, there are many prominent BTC miners with a good chunk of hashpower and then Satoshi himself still has a million coins don't forget! I'd argue the distribution for BLK is especially good given its age and history of trading, so while both PoS and PoW present potential for centralisation, we have that one enormous advantage of almost zero energy consumption (in comparison). Many BTC advocates would cite that as a weakness; the proof of work has to be an exchange of energy for security. Well, BLK is still standing strong for over 3 years purely PoS and have not been successfully attacked, so make of that what you will.
I think the world can cope with both existing and I hope BLK continues to set the bar for a model PoS only coin as it did back in 2014.
reasons i invested:
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
Thank you! Now that you are saying, I have to admit I should take its fair launch into account too. I think, this coin has a good and clean reputation, which is rare among alt coins.
But does this technology have a prominent future compared to others such as POW? Because to me, it seems for the major mining organizations getting energy cost-efficiently is not that big issue and people have these doubts about centralization time and time again related POS coins. Does BLK have the answers for these questions?
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
relevant to what? what kind of tutorial are you looking for?
Relevant for staking BLK coins.
Not exactly a tutorial but 1-2 steps how to do it.
No tutorial needed ....
- open the wallet
- put coins in it
- leave it open ! ... it will collect coins *just* for being connected to the network
I think i get my answer, thank you.
I suppose though, that the very first step, is to unlock your wallet...
Also, you only start staking with coins that are 'mature', which means it has to be >500 blocks (~8 hours) in your wallet.
Yes it's encrypted. At least i do this right.
This wallet of mine have coins more than 3 months old. I believe that it is mature enough to start staking...
Thanks for the info though.
Can you tell me how much time I will need to sync my blackcoin wallet using a SnapShot instead of bootstrap?
Is it possible to stake with a snapshot synced wallet?
Is it possible to stake with a snapshot synced wallet?
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
relevant to what? what kind of tutorial are you looking for?
Relevant for staking BLK coins.
Not exactly a tutorial but 1-2 steps how to do it.
No tutorial needed ....
- open the wallet
- put coins in it
- leave it open ! ... it will collect coins *just* for being connected to the network
I think i get my answer, thank you.
I suppose though, that the very first step, is to unlock your wallet...
Also, you only start staking with coins that are 'mature', which means it has to be >500 blocks (~8 hours) in your wallet.
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
relevant to what? what kind of tutorial are you looking for?
Relevant for staking BLK coins.
Not exactly a tutorial but 1-2 steps how to do it.
No tutorial needed ....
- open the wallet
- put coins in it
- leave it open ! ... it will collect coins *just* for being connected to the network
I think i get my answer, thank you.
I suppose though, that the very first step, is to unlock your wallet...
And I dont need mining equipment, means no expensive power bills ( https://www.reddit.com/r/blackcoin/comments/2yos0w/found_a_summary_of_bitcoins_current_power/ ). I like it to stake and send around this fast coin. Simple and easy to use. All is done by community members, for me one of the dezentralized coins i have seen.
edit: folks, show some better buy support on exchanges. cheers
edit: folks, show some better buy support on exchanges. cheers
POS only coins are less secure and more centralized by nature a lot of the time unfortunately.
And I dont need mining equipment, means no expensive power bills ( https://www.reddit.com/r/blackcoin/comments/2yos0w/found_a_summary_of_bitcoins_current_power/ ). I like it to stake and send around this fast coin. Simple and easy to use. All is done by community members, for me one of the dezentralized coins i have seen.
edit: folks, show some better buy support on exchanges. cheers
edit: folks, show some better buy support on exchanges. cheers
POS only coins are less secure and more centralized by nature a lot of the time unfortunately.
That may be true of other PoS coins, but BLK decentralization, peer network and security is at a level that most other PoS and PoW coins can only dream of ever reaching.
https://chainz.cryptoid.info/blk/#!network
Centralized is not a label i would apply to BLK as it is currently and look at that diversity and number of different countries running a BLK wallet. Is there is another altcoin that has been able to spread out like this?
Of course if people can be encourage somehow to withdraw and stake their BLK instead of leaving large amounts on exchanges that will help decentralize more.
Hello everyone.
I promote blackcoin in China,Now our QQ group is very lively.
I gathered hundreds of blackcoin holders.There are a lot of new people.
now, I am improving my promotion website and promotion methods.
Blackcoin will get better and better.
I promote blackcoin in China,Now our QQ group is very lively.
I gathered hundreds of blackcoin holders.There are a lot of new people.
now, I am improving my promotion website and promotion methods.
Blackcoin will get better and better.
I was just emptying out some old coins from poloniex to my BLK wallet and it literally moved faster then I could put down my phone to check. So thats much improved from my last experience. I commented on their forum thread about it being weirdly different to everywhere else and who knows maybe it got fixed, I dont know or havent read about it officially and I didnt extensively test.
Since I moaned about it, just updating it worked fine for me now
Have you noticed how much BTC mining changed. Its no longer perfectly distributed around the world by individuals. It'd be good to see which coin is less biased to one part of the world.
This argument comes up on other currency standards, Platinum and other metals cannot be used as money due to deposits being too concentrated in certain areas of the world. Thats the reasoning I read, a standard that falls apart because we dont get on with Russia isnt much use globally then. If we fall out with China, hows that going to go and its easily possible being they are communist and with ambitions in the South China sea which despite the name belongs to the territory of many other countries in the region
Since I moaned about it, just updating it worked fine for me now
POS only coins are less secure and more centralized by nature a lot of the time unfortunately.
Have you noticed how much BTC mining changed. Its no longer perfectly distributed around the world by individuals. It'd be good to see which coin is less biased to one part of the world.
This argument comes up on other currency standards, Platinum and other metals cannot be used as money due to deposits being too concentrated in certain areas of the world. Thats the reasoning I read, a standard that falls apart because we dont get on with Russia isnt much use globally then. If we fall out with China, hows that going to go and its easily possible being they are communist and with ambitions in the South China sea which despite the name belongs to the territory of many other countries in the region
And I dont need mining equipment, means no expensive power bills ( https://www.reddit.com/r/blackcoin/comments/2yos0w/found_a_summary_of_bitcoins_current_power/ ). I like it to stake and send around this fast coin. Simple and easy to use. All is done by community members, for me one of the dezentralized coins i have seen.
edit: folks, show some better buy support on exchanges. cheers
edit: folks, show some better buy support on exchanges. cheers
POS only coins are less secure and more centralized by nature a lot of the time unfortunately.
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
No tutorial needed ....
- open the wallet
- put coins in it
- leave it open ! ... it will collect coins *just* for being connected to the network
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
relevant to what? what kind of tutorial are you looking for?
I have seen this altcoin recently added to my favorit exchange. I have heard only good about this project so far, but I have not heard much. Since I am a little bit new into this project, could someone enlighten me why is this project so good? If you are invested, what was your reason to invest?
reasons i invested:
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
All those ... plus...
http://blackcoin.co/community-projects/
BLK is a good project and i would like to get more active and start staking...
Any tutorial link, for a newbie like me?
I look on blackcoin.co but i didn't find something relevant.
I have seen this altcoin recently added to my favorit exchange. I have heard only good about this project so far, but I have not heard much. Since I am a little bit new into this project, could someone enlighten me why is this project so good? If you are invested, what was your reason to invest?
reasons i invested:
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
All those ... plus...
http://blackcoin.co/community-projects/
And I dont need mining equipment, means no expensive power bills ( https://www.reddit.com/r/blackcoin/comments/2yos0w/found_a_summary_of_bitcoins_current_power/ ). I like it to stake and send around this fast coin. Simple and easy to use. All is done by community members, for me one of the dezentralized coins i have seen.
edit: folks, show some better buy support on exchanges. cheers
edit: folks, show some better buy support on exchanges. cheers
Very fast to use, simple, has a phone wallet QR if you need. You can just leave in a wallet and it will stake and give you some more coins with no effort really required just needs to be online. Cheap to send around the internet on any transaction size, quick so you are not waiting round for it to confirm forever. The price is quoted on bitcoinwisdom because its a well established alt coin now so its simple to check on.
Its accepted a fair few places, I was using to to buy some tiny amounts of gold recently. Its useful to buy over time not in lump amounts. Ive used it to buy games a couple times. I think its got lots of spare capacity if the market wanted to use it some time bitcoin is slow/bloated, I reckon people will get fed up one day. They should nickname it blackbird because its like that old spyplane just idling ready to take off for the upper atmosphere
Its accepted a fair few places, I was using to to buy some tiny amounts of gold recently. Its useful to buy over time not in lump amounts. Ive used it to buy games a couple times. I think its got lots of spare capacity if the market wanted to use it some time bitcoin is slow/bloated, I reckon people will get fed up one day. They should nickname it blackbird because its like that old spyplane just idling ready to take off for the upper atmosphere
I have seen this altcoin recently added to my favorit exchange. I have heard only good about this project so far, but I have not heard much. Since I am a little bit new into this project, could someone enlighten me why is this project so good? If you are invested, what was your reason to invest?
reasons i invested:
solid, stable and old blockchain
no premine, no ICO
fairly launched
the coin's code and idea (short duration POW, POS 3.0) is used later in some other coins after BLK
POS only (energy efficient)
first POS 3.0
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