[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1285.

artiface

full member

Activity: 238

Merit: 100

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

So why is the price going up now? Multipool is still down. Your theory is wrong.

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: blade87 on March 24, 2014, 07:43:09 PM

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

Yeah, and people who bought BTC at $750 are actually losing money ATM. Shocking. Also, BC hasn't even reached the peak market cap that MINT hit during its total pump and dump. Just saying. Wink

I'd also rather the devs take their time and get the pool working 100% as intended.

meto, i've been waiting tell the payouts were fixed before i joined the pool, as soon the pool comes back up all my miners are getting switched over!

fox19891989

hero member

Activity: 840

Merit: 1000

Quote from: PeterPalmBeach on March 24, 2014, 04:06:09 PM

Heads up; BC will be listed on Cryptsy on March 28th Wink

How do you know? 100% sure?

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: artiface on March 24, 2014, 03:25:06 PM

New coins are created by POS at a rate of 1% annually

So blackcoin is an inflationary coin, like dogecoin is planning to become.

We used to be able to categorise by
- great coin (Bitcoin) and shit coin (Pandacoin) (highly subjective)
- PoW coin (Bitcoin), PoS coin (NXT), hybrid coin (Blackcoin), other (Heavycoin)
- SHAcoin (Bitcoin) and scrypt-like coin (scrypt, scrypt-jane, N-factor, KGW or not, others...)

Now we can add another category: deflationary coins (almost all of them) inflationary coins (dogecoin [planned], blackcoin)

Any other categorisation you may have in mind?

blade87

hero member

Activity: 644

Merit: 500

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

Yeah, and people who bought BTC at $750 are actually losing money ATM. Shocking. Also, BC hasn't even reached the peak market cap that MINT hit during its total pump and dump. Just saying. Wink

I'd also rather the devs take their time and get the pool working 100% as intended.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: matu on March 24, 2014, 02:54:16 PM

Hey guys, remember that you can trade your BlackCoins

Makes me think: how will a PoS affect exchanges in the long run? As I said before, Blackcoin is 8 hours stake, so thiis is still manageable to wait for the stake then trade, but how does the stake works exactly?

I see two different ways:
- the "Mintcoin way": every coin has a coin age. Without knowing the coin age of each individual coin you might lose interest (this is especially try of you have coin age spread all over the 20-days period). In this scenario, having a way to know which coin are "safe to trade" is crucial (hence a properly developped wallet)
- the "traditional way": like in a bank; every given period (for a bank it is usually 15 days), a "snapshot" of your account is done and used as a basis for calculating your interests. That's why in a bank you can have 1000 euros on the 3rd of the month, remove 800 in the 6th of the month and get 600 back on the 14th. On the 16th, you will get 900 and the interests will be calculated on the final total 800, not on the 300 "faithful coins"' that never left the wallet

I have no idea how blackcoins. Do you?

By the way, if you have shorter names for these two behaviours, I am interested.

draco71

member

Activity: 84

Merit: 10

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

David, the good thing is that we became billionaires with MINT so far, so we can afford to lose some money over BC the gained only 44% today.

I really miss the face-palm smiley ...

jsalert

newbie

Activity: 15

Merit: 0

Quote from: devachelekar on March 24, 2014, 07:33:09 PM

Quote from: heartastack on March 24, 2014, 07:30:33 PM

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

Can you do the community a favour? Sell and go away.

So that there are no worries of the price rise and fall! Sell to me, infact!

Broken? It's even finished being built yet! How about giving the development a chance. It's like asking the Wright Bros. after they just landed on the sand dune how come there are not commercial flights yet...........

aznballababy

newbie

Activity: 15

Merit: 0

The new Wallet still won't open on my iMac OSX 10.7.5 Lion. Help!!!

jamieb81

sr. member

Activity: 308

Merit: 250

Quote from: fox19891989 on March 24, 2014, 07:32:09 PM

Quote from: jamieb81 on March 24, 2014, 07:29:16 PM

Hi guys,

I seem to have a little hickup with my walled, worked yesterday but now I get a message in the left bottom corner "urgent: upgrade required"

wallet is out of sync, but I have 11 active connections

Download the newest wallet plz, check BC's mainpage

Thank you, working now, did not see that there had been a wallet update Roll Eyes

devachelekar

sr. member

Activity: 382

Merit: 250

Quote from: heartastack on March 24, 2014, 07:30:33 PM

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

Can you do the community a favour? Sell and go away.

So that there are no worries of the price rise and fall! Sell to me, infact!

fox19891989

hero member

Activity: 840

Merit: 1000

Quote from: jamieb81 on March 24, 2014, 07:29:16 PM

Hi guys,

I seem to have a little hickup with my walled, worked yesterday but now I get a message in the left bottom corner "urgent: upgrade required"

wallet is out of sync, but I have 11 active connections

Download the newest wallet plz, check BC's mainpage

jamieb81

sr. member

Activity: 308

Merit: 250

Quote from: Vann on March 24, 2014, 07:29:59 PM

Quote from: jamieb81 on March 24, 2014, 07:29:16 PM

Hi guys,

I seem to have a little hickup with my walled, worked yesterday but now I get a message in the left bottom corner "urgent: upgrade required"

wallet is out of sync, but I have 11 active connections

Upgrade to wallet v1.05

thanks, I didn't see there had been an update

heartastack

hero member

Activity: 714

Merit: 500

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

Can you do the community a favour? Sell and go away.

alison03

sr. member

Activity: 294

Merit: 250

★Trash&Burn [TBC/TXB]★

Quote from: blofoma on March 24, 2014, 05:04:27 AM

Quote from: colinfx on March 24, 2014, 04:40:19 AM

#BlackCoin now 5th most traded by USD volume - to the moon!

wow, blackcoin to the moon Grin

BlackCoin Wallet Generator

Donation
Bitcoin : 1Paper8DS3Mb4angPMT2Z2SfkzJMvF4pme
BlackCoin : BFUKZePugAvFTRrtctZVu84Xb12oeYazaA

I've never used a paper wallet...is this the official one? How exactly do I get my blackcoin off of mintpal into a wallet? I'm terrified to mess this up.

Vann

hero member

Activity: 1036

Merit: 606

Quote from: jamieb81 on March 24, 2014, 07:29:16 PM

Hi guys,

I seem to have a little hickup with my walled, worked yesterday but now I get a message in the left bottom corner "urgent: upgrade required"

wallet is out of sync, but I have 11 active connections

Upgrade to wallet v1.05

jamieb81

sr. member

Activity: 308

Merit: 250

Hi guys,

I seem to have a little hickup with my walled, worked yesterday but now I get a message in the left bottom corner "urgent: upgrade required"

wallet is out of sync, but I have 11 active connections

Charloz24

hero member

Activity: 966

Merit: 501

Quote from: David Latapie on March 24, 2014, 07:25:35 PM

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money atm. So much for triumphalist speeches.

Going from 5500 sats to 7700 means stagnate?? seriously .. 1650+BTC last 24hr on mintpal ...you call that stagnate...

I'm glad I sold out all my MINT.............

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: David Latapie on March 24, 2014, 01:06:29 PM

I noticed something alarming:
The price of BC directly depends on one multipool being on. When BCmultipool is down, BC goes down, even if there are others multipool available (check what happened today between 15 and 16h30 GMT). This gives these guys at BCmultipool an insane amount of power. They could orchestrate a shutdown, get the money and stat the pool again.

I am concerned.

I was right. Sadly.

Now that the bcmultipool is down, the price stagnates. Those who invested at 7500+ are actually losing money ATM. So much for triumphalist speeches.
BTW, what is the timezone of the multipool developpers? The would give some insight on how long it will remain broken.

draco71

member

Activity: 84

Merit: 10

Quote from: funsponge on March 24, 2014, 07:06:06 PM

#ultracoin confirms in 20 seconds!

... and the point is ?

Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1285. (Read 2510302 times)