took 15 minutes to fall from 4200 >> 2300 then took 90 seconds to go back to 3800. Yall got played
should recover in the next 6 hours ~
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1397. (Read 2509928 times)
sended coins from wallet to mintpal
no conformations @ all
whats wrong ?
no conformations @ all
whats wrong ?
contact mintpal............
i ment from old wallet ( one that needed to be updated ) found out after it fucking forked
sended coins from wallet to mintpal
no conformations @ all
whats wrong ?
no conformations @ all
whats wrong ?
contact mintpal............
sended coins from wallet to mintpal
no conformations @ all
whats wrong ?
no conformations @ all
whats wrong ?
send what coins BTC? If so btc has abysmal confirmation times. Last block was over 20 minutes ago.
sended coins from wallet to mintpal
no conformations @ all
whats wrong ?
no conformations @ all
whats wrong ?
Well... Unfortunately no 5k in nearest hours. Pumpdumpers did their dirty job.
So calm, like I'm sitting in the eye of a hurricane.
has been tempremental all day - think its just due to the volumes... F5 is your friend 
MintPal down for anyone else?
Not for me. Hope u dont lose money cus of that. BC down to 3600.
MintPal down for anyone else?
Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS?
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
Try find ra4t posts, main dev of this coin.
Generaly there can be forks problem with POS but
R4t make something in code to prevent it and it works.
BC hasn't forked even once...
Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.
He called it Black magic.
BC is safe so far i think he found some solutions to that.
Probably he found some good parameters to prevent forks.
I don't have reason to not believe him.
BC has forked before, during PoW to start PoS at 5k blocks instead of 10k.
Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS?
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
Try find ra4t posts, main dev of this coin.
Generaly there can be forks problem with POS but
R4t make something in code to prevent it and it works.
BC hasn't forked even once...
Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.
He called it Black magic.
BC is safe so far i think he found some solutions to that.
Probably he found some good parameters to prevent forks.
I don't have reason to not believe him.
theres only 74million Blackcoins
i only started trading it due to btcwhale last week.... guy is getting all the big players involved, just look at the volumes...
the big buy walls... this is going to be a rollercoaster ride for the next week or so
Oh stfu about BTCwhale.
He is nothing but a small time punk.
Why else would he bother to scam people for a few BTC in his so called "daily Twitter pumps"?
this is what i thought a few weeks ago... but recently everything he has said has been golden...
It's interesting that all the big walls around 5000 satoshi have vanished.
noticed aswell
48BTC buy wall at 3802.... dump incoming...
then watch it rocket... 5K says my crystal ball
i only started trading it due to btcwhale last week.... guy is getting all the big players involved, just look at the volumes...
the big buy walls... this is going to be a rollercoaster ride for the next week or so
Oh stfu about BTCwhale.
He is nothing but a small time punk.
Why else would he bother to scam people for a few BTC in his so called "daily Twitter pumps"?
Maybe some of the BTC of the multipool could stop/thwart that dumps with a own buy wall.
Nothing to loose with that, maybe slower payout but just cheaper BC for the miners if someone crash into the buy wall.
Nothing to loose with that, maybe slower payout but just cheaper BC for the miners if someone crash into the buy wall.
It's interesting that all the big walls around 5000 satoshi have vanished.
noticed aswell
This is huge guys, if you were watching this shakedown was being held up by a 50 BTC buy wall. The little fish played, the big fish played, now the whales are trying to get their share.
Some are panic selling, I'm cracking a beer and picturing my ocean resort.. lol
Some are panic selling, I'm cracking a beer and picturing my ocean resort.. lol
Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS?
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
https://bitcointalksearch.org/topic/proof-of-work-vs-proof-of-stake-bitcoin-ppcoin-168924
"There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. "
Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it
It's been discussed by the Dev team and Sunny King (POS developer) agreed issue can be resolved by re-enabling POW but with a block reward of 0. It's being dealt with. But also understand it is only under extreme circumstances that this issue is even an issue at all.
Thank you for the quick reply!
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