Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1324. (Read 2509934 times)

This thread will make a great blackcoin biography:

"The rise, and rise of blackcoin"

One more prediction...

http://pastebin.com/EiZdVAYP

Echoing feelings of confidence, I very much enjoy the constant updates on this thread and via twitter from all those involved. This thing is moving ... but at a sensible pace.

Blackcoin, the first alt-coin I feel comfortable enough to leave overnight without selling back into BTC or LTC first.

Why, oh why people need to resort to sarcasm? Probably because of the way BC is treated on the MC thread. Given that, I will excuse any such behaviour, I will forgive the sarcasm on me even though I never ever spitted on a crypto myself (be it BC or other).

Still, I would appreciate courtesy in the future. We are all human beings.
Thank you.

Ouch!

We had it yesterday at the 4k sell wall just before we broke trough.
Buy walls are being reinforced, not bad because at 5k it will be a slaughterhouse.

Blackcoin is doing really good, this stable rise is the first ive seen in all alts.
It mostly always pump and dump.

24 hours ago it was 3800, now it is 4600. Click the 24 hour graph on Mintpal now to see. Granted it's not a 100% increase but why would we want that, ideally we want smooth incremental growth which leads to minimal dump.

Plz go back to premined Mintcoin which has 12btc trading volume a day 

Lol! Great community we got here!

I suppose that is exhausted from running all these days and needs to take a breath  

Any idea why blackcoin stopped raising?

LOL

Blackcoin will feature two pages in the book called Cryptocurrency "The Alt-ernative" the Beginner's Reference

https://bitcointalk.org/index.php?topic=483187.new#new


Please donate to the below Blackcoin wallet address in order to help fund this project:

BDLyuuX7L9FJcLjjtG6uYgPxfSU72FNutH

It will have 2 pages similar to this:





If you spot any spelling or grammar errors, these are easily sorted.  I do have a full time job as well as trying to get this project completed too.

To the community:

The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general education of the populace outside crypto, so please feel free to pass it along via blogs or other social media:

A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.
--Jabulon

I don't think so, btc38 is not as good as it used to. many people are not play on btc38

are the two multipools still mining or any one of them? i'm still getting shares coming through on cgminer

In fact to the contrary, the evolution of cryptocurrency is both desirable and necessary. It may displease some who bet big on the wrong coin, but that says nothing about what is good for the long-term viability and health of crypto. Eternalsoldier, I would suggest you are getting emotional in a misguided way, about the wrong thing. This cannot serve your own survival very well as an investor in crypto. Consider that the anatomically modern human as we know him, of which you are presumably an example, i.e., 'cro-magnon man', at one time co-existed with the Neanderthal subspecies. The latter eventually disappeared, due to one or more of the following:

Competitive replacement due to anatomical differences (affecting running ability, hunting ability, etc.)
Rapid extinction by violence
Rapid extinction by parasites and pathogens.

Anyway, if you feel that crypto is or could become a good and useful thing - let nature take its course in gradually refining and improving the product.

we are taking off to moon , i hope you bought your ticket :DD

Well, I suppose that the vast majority of us will burn in hell eventually. At least, I plan to get burned as millionaire ...  

12 btc buy.. guess no one's afraid on big sell wall now. death of whales