Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 13. (Read 2510308 times)

Exciting! Any ETA on the launch for this week? Will there also be some kind of roadmap released?

Well this is true but I am not too concerned really. Rat4 made pos3 that 99% of pos coins copy and pasted adopted so if there will be another good advance in POS then I would take my chances with Rat4 than the vast majority of other devs here.

I burned most of mine. Blackcoin will always be copied and pasted now and did not have the network effect to be able to withstand this like bitcoin could. Blacknet will not make this mistake.

Burning has ended. The few transactions after the deadline also will be counted. Blocks 2252350 to 2379599.

Started chat room on matrix.org https://riot.im/app/#/room/#blacknet:matrix.org

Launch should be on the next week.

Alright, thanks for the answer.

don't know when it will be distributed. i assume whenever rat4 is ready to launch the blockchain.

final amount is 1 billion blacknet coins, divided between burners proportionally to burned amount and bonus periods

So... no one knows what happens after the 14 and how blacknet coins will be distributed ?

What's the final amount of blacknet coins ?

Is the final amount = burned blackcoins ?

Hello ??

Its a fair old chunk I reckon considering many coins will sitting be on exchange order books /bots and so not involved directly.  Closing in on 20% is probably a plus for userbase involvement and theres still many who will be putting it off till the last moment I guess.    


Right, I didnt read it that way but that makes perfect sense.  Thanks for clarifying, I will give 1 merit as humble gratitude plus its a minor crime when people got zero merit on this forum and are not spam bots.  I applied for merit source because that system is drought like tbh

I think 13/64m is a considerable amount to burn into a project that still has to earn it's merits. A lot is unknown and we will have to see if this will have proven to be a good decision or not.

Such order of timestamps ain't allowed in BlackCoin protocol 

Nor should they be. I think everybody making a decision whether to burn or not is fully aware of the risk that they may not get anything in return for burning BLK.  Based on that, I think 13mil burned out of 77mil (16.8% @ $500K USD current value) shows extraordinary confidence in either an idea, a person, or a project.  It’s a much safer proposition to wait until the product is completed and working in order to participate in acquiring tokens.

I can’t say I don’t feel some uneasiness about the BLK I’ve burned.

People don't seem so eager to burn their BLK for an unknown token..
only 13m out of 64m burned - https://ibo.laboratorium.ee   

genesis-tool needs a stop height.
genesis-tool

The block time stamp is not atomic time. There’s always someone that’s gonna burn on exactly the last block. lol

There could be a situation:

Block 2379043 14 Dec 2018 00:00:02 UTC 2,345,678 BLK burn
Block 2379044 13 Dec 2018 23:59:59 UTC 1,234,567 BLK burn

What would be the final block number then?

I think this situation is highly unlikely, but it might be a good idea just to slightly clarify that:

     The final block will be the highest block number with a block time stamp less than 14 Dec 2018 00:00:00 UTC

This should allow blocks with minor timestamp discrepancies to be included.

Any thoughts? Agree?  Disagree?  Unimportant?  Leave me alone, I just want BTC back to $14k USD?


Currently, I estimate the Blackcoin block number occurring at 14 Dec 2018 00:00:00 UTC to be approximately 2379044.


https://www.timeanddate.com/countdown/launch?iso=20181214T00&p0=1440&msg=Blacknet+-+Burn+baby+burn%21%21%21&font=serif

OP states:

IBO started at 07 Sep 2018 00:00:00 UTC and will end at 14 Dec 2018 00:00:00 UTC

the 0% bonus already in effect:

last chance to burn until 14 Dec 2018 00:00:00 UTC

I wonder this too actually, will the bonus just end after the 14th and will there still be the possibility to burn or will this be the final chance to burn BlackCoin for BlackNet?

Hey Rat4,

What will be the final Blackcoin block number to be considered for the Blacknet IBO?

Theres no bonus so I guess that the market finds a natural equilibrium in price between the two different chains and you exchange them manually as I'm not certain if the ability to burn BLK for the BLN coin lasts forever or not actually. 


Sounds like an eternal dilemma because theres a few reasons for the code being an open book.  But BLN is taking a new direction for itself maybe thats part of it

And what happens after the final date ?

Looks like only 20% of the total BLK has been burned - https://ibo.laboratorium.ee/

That is the percentage of extra coins you would have got if you'd burnt your blackcoin for blacknet coin before specific dates

What's that ?

You can not change the basis of what people have already burned on. I would not even think of bothering with new tech from now on that will be copy and pasted 50x within a week by people that are just marketeers who managed to scam more people into believing in their project when they would have had not chance to create it themselves.

10% seems too small I would rather suggest 50%

Copy and paste "devs" can stop ripping millions of btc out of people using other peoples talent.

Stop repeating this request nobody else burning for blacknet want's this open to copy and paste devs with no talent of their own.

I hope the new licence blocks all loopholes of copy and paste so no other project will use blacknets code with out a huge air drop to the persons supporting the original work rat4 does.

Blackcoin should have done this for pos3  that every new pos clone was copy and pasting and diluting blackcoins market share I am totally against talent free developers projects taking support from the original source of creation.

Bitcoin to a degree can allow it due to the network effect it has and a huge team for marketing and coding .. no other projects should encourage these copy and paste developers to scam investors and supporters to their projects that they could not even maintain on their own steam.