Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1159. (Read 2510302 times)

THat means something is wrong with my miner

The issues are being fixed, so you can give up the fear-mongering now. Thanks.

Why would anyone with big MINT holding want to destroy it?

Interesting, and no one here has enough MINT to help out? I sold off some MINT and bought a ton of BC. But, I still need to offload my MINT. I would like a good price for MINT though and a good place would be when BC is low so that I can increase my BC postion.

LOL Karmacoin.

Interesting theory. I'd like to smoke some of what you are smoking...

I doubt MINT can be killed right now but it can be crippled to the point of no longer registering on the radar. PANDA was an example of this.

Hypothetically, It's an operation that requires say 10 large MINT bagholders who have purchased MINT when it was around 4 Satoshi or under. They would then pool their coins into a single Mintpal account keeping track of the proportion each has contributed. They would need around 357,300,000 MINT. They would then, in one go, without warning, fill every buy order down to 4 Satoshi. This would create mass panic and leave some with orders at 5 satoshi elated while others who bought at 20 will be fuming. What that does, as shown by Wolong with PANDA coin, is turn the distribution upside down. Those who placed low ball offers with a little bitcoin now have more Mint than those with 5 times more BTC. People will say "This is bullshit! Some asshole with .75BTC has more MINT in one second than me with 4BTC and months of daytrading - fuck this coin! I'm out"

The coin would slowly self destruct from that point, at 5 satoshi and under Mint would disappear off the radar as just another defunct altcoin.

While this is happening the BTC proceeds are divided up by the person in control of the Mintpal account and sent to their respective owners in proportion to the amount of MINT they have contributed to the scheme.

That BTC could then be put into Blackcoin straight away buying up all the cheap coins, with price skyrocketing at the demise of MINT.

The reason this would cripple MINT and not kill it is because there would still be those with religious attachment to the coin who would keep it alive on life support - much like the KARMA guys or the TIPS guys.

I wouldn't condone such an operation but that is how it could be done, hypothetically speaking.

So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.

Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.

Yeah the miners page isn't accessible. But shares seem to get accepted, so its probably nothing to worry about.

I don't think it is right for you to call scam right away. It goes both ways. Attack on MINT and attack on BC. Each coin has their merits.

ANyone having problems with blackcoinpool?

I disagree. My previous post was valid and wasn't just "me liking the sound of my own voice."

If a whale were to dump into MINT, it could pull the price down to 1 satoshi. The whale can keep holding down the price for a few days. What's the point you say? The point isn't the price dropping. It is the distrust that it will create in MINT. Other people will not like the crash, they will question it and even fear it. That is the nature of FUD. FUD isn't just telling people that a coin is unsafe like with the PoW/PoS hack. Fear is also something that seems like everyone is jumping ship. Dumping creates an artificial panick.

only sane thing you have said

Why diversify into MINT when they are having issues, big ones?

You should just make a new account and start over. You've not only hurt your own position, but the position of the rest of the MINT community. And I say that owning some MINT myself. While I'm not active in the MINT community, I do like to be diversified and you haven't made me feel good about my MINT position at all today.

I should have just posted this over in the MINT thread, but then I might get accused of being a troll too.

no hug for you

So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.

http://agran.net/bc_getbalance.php?top=5500

2 weekes ago people with accout balances >100BC was about 4000
Now we have 5000 we are expanding ^^.
Last adress with >1 BC is now on 7000.
We are expanding also is noticable that big bag holders are increasing possession that mean they are supporting coin all the time ^^

Good news for BC.

We all do.

One more remember to buy on depths to not regret.
Pacietience is key in BC.
Currently 4000-6000 is lowers possible price but before Friday it will be crazy jump i think then some correction.

Thank you I appreciate your kind words!!!