"Blackcoin blockchain issue resolved, deposits and withdrawals have been enabled again."
That was quick
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1321. (Read 2509934 times)
MintPal:
"Blackcoin blockchain issue resolved, deposits and withdrawals have been enabled again."
That was quick
"Blackcoin blockchain issue resolved, deposits and withdrawals have been enabled again."
That was quick
Simple question: What makes blackcoin substantially and essentially diffferent from peercoin, novacoin and mintcoin?
Assuming this is a legitimate question and not a trolling attempt.
Peercoin and Novacoin are a hyrbid of proof of work and proof of stake. Blackcoin is proof of stake only making it more environmentally friendly.
Mintcoin is similar to Blackcoin except it's premined and the proof of stake rate of interest is 20% rather than Blackcoin's 1%. 20% interest rate is too high for various reasons discussed already.
It's more than technical specifications that make a coin though. Otherwise Litecoin would have the same market cap as Bitcoin. It's also community support and the quality of the dev team (blackcoin has a great one as demonstrated by the blackcoin multicoin concept being pioneered).
I am not troling. I am beeing a potential investors understanding his investments and asking questions for that purpose.
So...
Where does the POS code come from? I assume it is based on PPC?
There was a reason (security reasons) why PPC does not rely on POS completely and not that quick. Did Mintcion/Blackcoin overcome this?
I'm not a coin dev so can't answer that with authority. I read someone else say on here that the Blackcoin code is using a modified version of PPCoin's staking algorithm. However I don't know how accurate that statement is (he seemed to know what he was talking about but I lack the knowledge to verify it).
Sunny the PPC dev brilliant though he is has always been vague about PPC and it's security issues.
Understood. To my knowledge, Sunny King sorted the matter out already over a month ago. To wit:
The protocol upgrade in 0.3.0 includes a new algorithm to derive proof-of-stake hash modifier, the entity that scrambles computation for stake owners, which replaces the current proof-of-stake difficulty used as modifier in 0.2 protocol. The design was started late September last year, when I first began to realize the issues with using difficulty as modifier. Honorary mention also goes to Jutarul, who independently discovered and verified an issue with using difficulty as modifier and published on bitcointalk in December last year, while successfully executed a demo attack on the block chain. Other changes in the protocol include starting hash weight from 0 at the 30-day mininum age, and requirement that coinstake timestamp must equal block timestamp. Overall 0.3 protocol should significantly strengthen the proof-of-stake protection and resolve the current known vulnerabilities.
My sincere appreciation to co-contributors of 0.3.0 release:
Robert VanHazinga of Hartland PC (dreamwatcher) for the vanitygen compatibility fix
Jutarul for demonstrating stake generation vulnerability
EskimoBob for reporting issue fixed in 0.3.0
You mean that PPC has solved the security issues and now could works as pure POS too?
That is my understanding.
Then my initial question is still valid. What specifically is better about Blockcoin compared to PPC?
oh yes i would really like and i would also pay for a wallet-app especially for a blackcoin wallet -app 
especially for a blackcoin wallet -app
very much yes
Btw. Would anyone be interested on a mobile app of Crypto Coins? That tells prices of each crypto coin same like CoinMarketCap and alarms you when specific price reaches as you have selected? 
Top BC wallet lost 1M coins, was +2M is now 1M.
+ 50BTC profit...
+ 50BTC profit...
0.00005322 on Poloniex. Their volume sucks but check out the price
great interest sold 10BC bought the 4000 yesterday, 20% of the profit, none coin does not earn enough
Was the 4999 - 5000 buy wall pulled or did it get swallowed?
On a side note Vircurex freeze user funds: Vircurex freezes all users funds https://vircurex.com/welcome/ann_reserved.html … "If you have BTC in Vircurex you can quickly convert it to DOGE and withdraw. They'll probably stop this soon so do it quick."
On a side note Vircurex freeze user funds: Vircurex freezes all users funds https://vircurex.com/welcome/ann_reserved.html … "If you have BTC in Vircurex you can quickly convert it to DOGE and withdraw. They'll probably stop this soon so do it quick."
Yeah that was weird.. Big pump you can say lol.. 11 btc wall just got crushed
So what will this coin be worth in the future? Where do you think we could go with it and what price do you think each coin could potentially be worth? Would love to hear your opinions!
As I've mentioned in a previous post, parity with Litecoin today would signify approximately $5/BC. I see that as a reasonable benchmark destination, for the time being. If LTC goes up faster than its currency expansion/dilution, I would raise that benchmark accordingly.
I keep remembering your previous post with this benchmark mentioned. I think it would be great to see this target within a year or two. Plenty of things may happen between now and then.
Just as a point of reference, Blackcoin is listing at $0.03 per coin at this moment.
Was the 4999 - 5000 buy wall pulled or did it get swallowed?
On a side note Vircurex freeze user funds: Vircurex freezes all users funds https://vircurex.com/welcome/ann_reserved.html … "If you have BTC in Vircurex you can quickly convert it to DOGE and withdraw. They'll probably stop this soon so do it quick."
On a side note Vircurex freeze user funds: Vircurex freezes all users funds https://vircurex.com/welcome/ann_reserved.html … "If you have BTC in Vircurex you can quickly convert it to DOGE and withdraw. They'll probably stop this soon so do it quick."
Don't forget, our BlackCoin poker giveaway starts in just over 2 hours -- we still have spots open -- sign up now! https://strikesapphire.com
Holy Blackcoin Batman!
Wasn't there almost 12BTC worth of sells at around 5000 @ Mintpal?
Now we're closing 5200.
Wasn't there almost 12BTC worth of sells at around 5000 @ Mintpal?
Now we're closing 5200.
HOLD your coins or BUY more .. this is going to the moon ...
Chain fixed. BRSJ5ajAajBs8LZQs3gFFsACpNvTN8ASYb is bad boy.
Quick! Thanks rat4!
Chain fixed. BRSJ5ajAajBs8LZQs3gFFsACpNvTN8ASYb is bad boy.
5100 at mintpal! yay!
5199 - jeez it just keeps going.... so glad i held my stash
5000k achieved - to the moooooooooooooon
5100 at mintpal! yay!
Simple question: What makes blackcoin substantially and essentially diffferent from peercoin, novacoin and mintcoin?
Assuming this is a legitimate question and not a trolling attempt.
Peercoin and Novacoin are a hyrbid of proof of work and proof of stake. Blackcoin is proof of stake only making it more environmentally friendly.
Mintcoin is similar to Blackcoin except it's premined and the proof of stake rate of interest is 20% rather than Blackcoin's 1%. 20% interest rate is too high for various reasons discussed already.
It's more than technical specifications that make a coin though. Otherwise Litecoin would have the same market cap as Bitcoin. It's also community support and the quality of the dev team (blackcoin has a great one as demonstrated by the blackcoin multicoin concept being pioneered).
I am not troling. I am beeing a potential investors understanding his investments and asking questions for that purpose.
So...
Where does the POS code come from? I assume it is based on PPC?
There was a reason (security reasons) why PPC does not rely on POS completely and not that quick. Did Mintcion/Blackcoin overcome this?
I'm not a coin dev so can't answer that with authority. I read someone else say on here that the Blackcoin code is using a modified version of PPCoin's staking algorithm. However I don't know how accurate that statement is (he seemed to know what he was talking about but I lack the knowledge to verify it).
Sunny the PPC dev brilliant though he is has always been vague about PPC and it's security issues.
Understood. To my knowledge, Sunny King sorted the matter out already over a month ago. To wit:
The protocol upgrade in 0.3.0 includes a new algorithm to derive proof-of-stake hash modifier, the entity that scrambles computation for stake owners, which replaces the current proof-of-stake difficulty used as modifier in 0.2 protocol. The design was started late September last year, when I first began to realize the issues with using difficulty as modifier. Honorary mention also goes to Jutarul, who independently discovered and verified an issue with using difficulty as modifier and published on bitcointalk in December last year, while successfully executed a demo attack on the block chain. Other changes in the protocol include starting hash weight from 0 at the 30-day mininum age, and requirement that coinstake timestamp must equal block timestamp. Overall 0.3 protocol should significantly strengthen the proof-of-stake protection and resolve the current known vulnerabilities.
My sincere appreciation to co-contributors of 0.3.0 release:
Robert VanHazinga of Hartland PC (dreamwatcher) for the vanitygen compatibility fix
Jutarul for demonstrating stake generation vulnerability
EskimoBob for reporting issue fixed in 0.3.0
You mean that PPC has solved the security issues and now could works as pure POS too?
That is my understanding.
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