Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1194. (Read 2510302 times)

OK. I had enought of peeps who are constantly using terms they have no idea about. So let me make it more clear for you and some other puppets in this thread.

Lets quote the very first sentence from http://en.wikipedia.org/wiki/Inflation

Still dont understand?
Let me give you an example.

Bernanke and co bought 1.02Trillion dollars worth of assets in 2013 alone. US total inflation was still below 2% in last year. Now the question. Approximately how many dollars are in circulation in entire world?
Short conclusion: Printing new money != inflation.

-----


About MINT, BC, DOGE. I see no reason why those coins cant all succeed and grow together. Bashing one in another coin thread certainly dont win you and the thread any fame or credit. It makes you look like a fool.

Well Jabulon is right that the pool should not be so profitable that it makes sense to dump the BC earned through the pool into BTC afterwards. Furthermore I would also like to see the possibility to pay some extra fee that goes into development / bounties for BC projects. Even if it is optional.

I think there is a large number of miners on the multipool who really believe in this coin and don't just mine for profit but also to support the idea. Many of them will appreciate it if they can support the development through their mining effort.

I don't think it is a good idea, a lot of people will look into the fee and think it is too high even if the profitability is better people might not even bother to try and see how many coins they really get after the fee. Also less people mining with a higher fee might get less income than a lot of people, I think that crypto at the moment is very elastic, due to the many alternatives available from other multipools to mining on your own.

Cheers!

Bye! 

hmm well I would disagree as to it being a normal market but that doesn't really matter now - I'll say goodbye and let you guys get back to it Good luck!

Those small buy order don't do anything, and yes ppl selling there stack is also normal.

This is a normal market..

Good for you with mint! I also bought at 4 and sold at a slightly more modest 28 originally haha Second time round - lets see what happens!

Problem is there is too much of this:

and this




And that dump was not me either.... It's a balloon ready to pop and a lot of good folk will be caught in it holding the bag I feel.

There is nothing wrong in securing some profits, sadly you missed the mint train, I bought at 5 and 6 and sold at ~50. Good luck anyway .

this is everything, but no natural growth   
But thats ok, nice profit   

BC is still so young. You could have said the same when it went to 5k on the first pump and then dumped to 500 sat.
Market cap is 3 million, thats peanuts..
I'm still holding, did a littlke day trading but my only profits were to buy extra BC. ROI is almost 600% but its still not enough, i bought at 800 sat again.
I must admit i don't have 100k BC rather 1/4th of that number, so i am dealing with less money but maybe i have less money.
Market manipulation is in every market, saw ppl who buy 0.1337 a million times. Heck i have even did it at some point (not BC)
Just hold the 2, don't sell X for Y.

Also:
This coin is huge, its the first in its kind. This is the calm before the storm.
Nothing happened yet, no real pump.

And to the comment below about natural growth, i have never seen a coin who has this smooth of a growth. Its just because we are growing naturally the price crashed to 6500, we are right on track.

A Modest Proposal

I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.

Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.

Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.

I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.

I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!

No, I held to long friend! I have watched it hit 9000 with 95,000 in hand and then steady decline in both price and volume each day. Had to draw the line here and let it go while I still have a 300% ROI. It was good (and profitable) fun but I don't see things going anywhere here. Lots of market manipulation, an order book full of fake '1337' buy orders to make you think there is more buy support than there really is, and a decline in volume from 'real' traders. It's a nice coin with a decent community but personally, I can't see us going up much further in the near future, conversely I see MINT has stabilized and is ready to start heading back up.

That's all it is really, just see a better opportunity to invest in MINT at this time Good luck to everyone though

Low volume

no trading for me

BUT

stable price at 6500sat

and cheap buying for blackcoinpool, i'm up to about 2k blackcoin mined, so pretty happy.

What happened to you?

In beginning of blackcoin you were always talking about how good blackcoin is.
Now i only see negative comments all the way.
Did you sell too soon and want to get back in?
You are trying to manipulate thats for certain.

When is the android wallet available?

I have just released 60K of my Blackcoin holdings - will sell off the rest in 10 minutes. Just wanted to give a heads up to the decent folk who have their eyes glued to the thread MINT is going to be going back up to around 20-22 shortly and I need to get on that bandwagon before it leaves

Couldn't agree more, lets keep this on topic people. In other news, pointed my 5.5mhs at blackcoinpool.com for the last 2 days with great success, the beta looks like it's doing really well. It's going to be great to see other BC multipools get off the ground in the coming months, several of these pools will do wonders for BC's trade volume on a daily basis. Mine now and sit on the coins for a while seems to be a recipe for success.

  multipool idea.

I understand, but when I quoted this problem:


It was unsolved and I was honestly trying to find an answer. When somebody from this community answered me, I thanked them and did not continue to talk about it.

edit: you are right it was already solved but i was not aware of this and did not know how to find out this information other than asking around. if you look through my posts around that time you will see i asked this question on nearly every PoS coin.. Ghostcoin, peercoin, eccoin, it was already posted to mintcoin and zeitcoin, etc... I was looking for an answer and that was all. This thread was the one who provided the link to the answer so I was actually quite thankful.

edit edit: you probably won't see those posts of mine on eccoin because the dev there (hostmaster) has moderated the subject and saw the question as too much of a threat, I suppose that is analogous to the response I am getting here now for having posted this question... Sorry.