Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1375. (Read 2510302 times)

+1

This is a great coin - great community, I've loaded up more on dips to 1500, don't care about day to day fluctuations. In for the long haul!

I'm fully agree with you.
But I think this coin is already at it's dump side and made for myself decision that it is the time to switch to another. For now I am inclined to GhostCoin because it's  new, also has POS reward system and cheap prices at exchanges. And I wish it will repeat BlackCoin's luck.

+1

This is a great coin - great community, I've loaded up more on dips to 1500, don't care about day to day fluctuations. In for the long haul!

Its everyday the same, the whales choose a coin, pump it, make hype around it, dump it for a alot of profit.
Thats the same game everytime. This time it was Blackcoin.
But it also has a golden side: More people found out about this beautiful coin 
So maybe we will see the price back at 1000, maybe 800, who knows, but thats no big deal because the community here is one of the best i ever met   
So with the multipool project and another good ideas this will soon go forward and the price will rise

Ah and by the way, i lost everything cause of Wolongs great Pandastory and only had 0,3 BTC left and i bought BC for 250 satoshi the first day directly from the miners, and mined some by myself,
Now i got about 2,5 BTC only because of this coin and 100k blacks, this brought me directly back to business 

so i found out you only can win with this baby 

So GO GO GO!!!

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.