Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 21. (Read 2509671 times)

rat4 has been working on a new project.  Coin distribution on the new chain is being done via burning blackcoin.

https://old.reddit.com/r/blackcoin/comments/9e5mo8/burning_blackcoin_blk_for_blacknet_bln/

Not many details about this new blacknet project...  rat4 is being very mysterious about it all as usual.

Be very beneficial too have real time black coin burning counter

Im so confused... what is all of this blacknet stuff?

for now 1blk = 4000+blacknet
（less than 250000blk burned to blacknet）

Please, don't confuse Blacknet with Blackcoin.
Blackcoin can be found here:
https://bitcointalksearch.org/topic/ann-blackcoin-lore-blk-home-of-pos-30-no-ico-no-pre-mine-3017838

agree that

hello，rat4.
Can you make a burning progress display page?


Show the number of burned BLK

Each burning BLK distribus the number of BLN（current time）.


and，display Countdown。。

agreed! I'm running Lore on a Raspberry Pi, staking is very well. 

yes, i use web personally.

if you see this seal of approval you know your staking a good chain
https://bitcointalksearch.org/topic/m.45438119

all things you one people do?
like web and others?

Of course it's voluntary, that is not my point. Maybe i did not state my questions clear enough.

1. Other than the promise of more coins on a different chain, what is the incentive to burn the original projects coins (his) which i have given support to over the last 4+ years. What is the roadmap, where are the confirmed exchanges and what incentivises me to do so? (please fill these in because i would like to know)
2. As i am burning my coins to support this new chain what is the marketcap, what is the initial supply and where are all the things i need to know.
3. This project needs more information, i am a long term holder and supporter of blackcoin so why am i rewarded with chose or die? Surely a coin for coin swap for early supporters would be better as we have put this coin where it is today.

Burning is voluntary.

You can choose to continue holding BLK..



BLK is still an independent project.


I will burn part of my BLK, and I will support BLN too..

Ok so...

Why burn and why force people's hand? Surely there needs to be some form of backup which rewards people for supporting your inital backcoin project.

As i see it we are being forced into deciding on which chain will win but based on nothing other than guesswork.

Please people jump in and correct me but i don't see an argument for this other than a deadline.

Blackcoin Lore wallet bug fixed long ago，stable and syncing faster than dirty version！

I have suggested before：
I recommend retaining some (for example, 25%) BLN，These assets can be used for marketing promotion, reward developers and so on.

Community development requires continuous funding.


Let me give you an example：
There is a small blackcoin community in China，It was created by me.

Initially, I raised funds in the community，But raising money is very difficult. People only donate thousands of BLK..

This can only be used for some small promotional activities.

Because there is no continuous financial support, the community enthusiasts are gradually quiet.

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That's why I strongly recommend that you keep some assets for BLACKNET.
These assets are used for BLN ecological construction.

This part of assets can be gradually distributed to community members in various countries.


For example, you can distribute part of BLN to the Chinese community every year.
We got the BLN assets . We will create websites to publicize BLN.

Only with more people involved can it develop a good ecosystem.

----------------------

There are many ways to distribute assets.

For example 1, someone built a publicity website.
He talks about his propaganda program, gets the approval of the community members, and he gets some money (BLN)


For example 1, developers have developed a DAPP,If members of the community agree with his work, he will get some BLN awards.



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Retain some assets，I think it's still not too late.

https://blacknet.ninja/burn.html

Is there a Burn related tutorial? It doesn't look so simple

Burn transaction should specify your Blacknet public key, and so burns for other reasons aren't in the list.

agree