[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 598.

Seio1

full member

Activity: 182

Merit: 100

Quote from: Luxasd on April 23, 2014, 09:13:13 AM

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

I don't think this is a good idea at all.

This will give opportunity for evil whales to dump their bc on higher price. Little fishes will get burned once again. Not a fan of this idea...

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: Luxasd on April 23, 2014, 09:13:13 AM

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

I don't think this is a good idea at all.

if you want this to work, inject the btc in to buy walls. thick as fuck buy walls.

JamesR1

full member

Activity: 294

Merit: 100

Quote from: BZA on April 23, 2014, 09:08:59 AM

Quote from: JamesR1 on April 23, 2014, 07:56:12 AM

Quite, not sure on that one; http://www.dailyblackcoin.com/ may be worth asking.

Is it plausible for one of the sites to put together an updating list with the prices from the exchange on them. As much as I love Mintpal, it would seem like it would be more intelligent to have a coin price to look at where you could go for the best price. Otherwise people are just bombarding cryptsy and mintpal, but not even getting a good deal. The other exchanges have far better or worse prices, (depending on whether or people are buying or selling.)

I might have to ask dailyblackcoin myself.

Here's a little WIP I have going on:

Quick Black Stats All the stats you need to know about BlackCoin, on one page!

If you have suggestions of extra data to include, please let me know

This I really like.
Prelude exchange would be good but also a separate list for fiat/bc would be good as well.

Is this something that you want to develop as part of your own projects. Or would you have it implemented on another site? I'm just thinking it would be most worthwhile for us to have most of the information we need on the same site.

But if your developing your own thing, much credit to you anyway. I'd certainly stand by people taking the initiative and building there own resources and sites.

Luxasd

sr. member

Activity: 504

Merit: 253

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

I don't think this is a good idea at all.

GoldMath

newbie

Activity: 25

Merit: 0

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

>>> COUNTDOWN

BZA

newbie

Activity: 10

Merit: 0

Quote from: JamesR1 on April 23, 2014, 07:56:12 AM

Quite, not sure on that one; http://www.dailyblackcoin.com/ may be worth asking.

Is it plausible for one of the sites to put together an updating list with the prices from the exchange on them. As much as I love Mintpal, it would seem like it would be more intelligent to have a coin price to look at where you could go for the best price. Otherwise people are just bombarding cryptsy and mintpal, but not even getting a good deal. The other exchanges have far better or worse prices, (depending on whether or people are buying or selling.)

I might have to ask dailyblackcoin myself.

Here's a little WIP I have going on:

Quick Black Stats All the stats you need to know about BlackCoin, on one page!

If you have suggestions of extra data to include, please let me know

germsite

sr. member

Activity: 1009

Merit: 261

Quote from: Daedelus on April 23, 2014, 09:01:57 AM

Sorry, I am misunderstanding you or you me.

1% for inflation + 1.005% to pay the stakers for securing the network = 2.005% inflation per year. You are relying on >2.005% being lost every year for BC to be deflationary.

When you make a transfer of BC, you pay a fee? If so, where do the fees go? Some coins destroy them, some use to reward stakers. I'm not sure what BC does atm.

It's not 1% inflation + 1.005% to pay the stakers. They are not separate entities, but are one and the same. The 1% inflation is derived from the 1% interest earned as and when wallets are opened.

As for 'where do the transfer fees go', good question, I forgot to look into that ...

Djinou94

legendary

Activity: 1036

Merit: 1000

Quote from: dominikf on April 23, 2014, 09:00:38 AM

Quote from: ffmad on April 23, 2014, 08:59:15 AM

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

Man !!

Do you realize that 8PM EST is 2AM in Western Europe ? Huh

If you do that you just loose the European Community for this pump.

If you do that at 5PM or 6PM EST, you will have much more people from Europe.

Exactly. Do this a few hours earlier and the european community will help in this pump. Grin

Are you sure it's a good plan?
Many people and whales will benefit
Then after the pump the dump will come

Djinou94

legendary

Activity: 1036

Merit: 1000

Quote from: dominikf on April 23, 2014, 08:59:36 AM

Quote from: Djinou94 on April 23, 2014, 08:49:18 AM

Quote from: ?? on ??

Quote from: Djinou94 on April 23, 2014, 08:19:03 AM

http://www.followthecoin.com/blackcoin-supports-dogecon-first-coin-to-ever-support-a-conference/

wow, such friendly, much shibe, so black

The ultimate alliance!
Spam the Mintpal dev box for add an exchange BC/DOGE guys!!!

I think we should go straight away for BC/USD and BC/EUR. BC should stand on its own. No dependence from other alt coins or bitcoin.

We can do both
I also spam BTC-E for add a BC/USD change

BZA

newbie

Activity: 10

Merit: 0

Quote from: dzimbeck on April 23, 2014, 07:23:00 AM

Quote from: Charloz24 on April 23, 2014, 06:43:59 AM

Last night there was post about how to raise fund/pool to be able to eat sell walls. What about buying share for a KNC miner (when it will be available of course) like the one you can buy at the black coin shop. BTC generated would then be used to enable the black shield.

How about crowdfunding a mining rig? Say everyone chips in 10-1000 dollars. Like a "kickstarter" Campaign. They get shares from the pool in return. Maybe have a blackcoin kickstarter for a mining rig to mine itself. All gridseeds or knc. 1000 people donate and we got ourselves a 40K rig.

You mean something like this? http://blackcoinstore.com/index.php?route=product/product&product_id=80&search=knc

Daedelus

hero member

Activity: 574

Merit: 500

Quote from: hellyeahent on April 23, 2014, 08:57:23 AM

Quote from: Daedelus on April 23, 2014, 08:48:45 AM

Quote from: germsite on April 23, 2014, 08:38:25 AM

Quote from: troiste on April 23, 2014, 08:30:18 AM

Quote from: germsite on April 23, 2014, 08:28:00 AM

Quote from: Daedelus on April 23, 2014, 08:20:34 AM

Quote from: Subtuppel on April 23, 2014, 08:17:26 AM

Quote from: troiste on April 23, 2014, 08:11:30 AM

Quote from: troiste on April 23, 2014, 05:53:43 AM

Question, about this POS thing, lets say you download the BlackCoin wallet, transfer some funds to it, open it until the chain is fully downloaded and then you close it for 1 year.

One year later will this wallet get 1% reward? Or are there any constraints?

Thanks

Anyone?

You get the reward for staking, so you need to be online and the wallet has the be unlocked at least for staking.
The rewards come in "every now and then", you will receive
coincount / (365*100)
average per day.

So you would only get the 1% if you ran your client constantly for a year? Presumably, staking is measured by the hour not the day?

And if you miss 'your share' as you weren't staking, does it get distributed to the others that were? Or does the 1% inflation decrease for that year?

Thanks

No, you will earn your 1% regardless of whether or not you have your wallet open for the full year. You will receive the interest once you re-open your wallet.

The advantage of having your wallet open all the time is that you help secure the network, and also earn compound interest on your 1%.

Ah, thats sounds better

but what you mean by "compound interest"? Can you give an example?

If you keep your wallet open permanently, you earn a fraction of your annual 1% each day ( 1/365th to be precise ). So for every day that passes, you are earning 1/365th of your original wallet's value plus interest already earned.

If you start with 100,000 BC today, tomorrow you will earn : ( 100,000 * .01 ) / 365 = 2.7BC

So tomorrow your balance will be 100,002.7

You will then earn interest on that balance, which is : ( 100,002.7 * .01 ) / 365 = 2.74BC

So your balance will increase to : 100,005.44

And so on

So you get 1% from opening up you wallet (inflation element) and an additional 1.005% from staking constantly for a year (((.01/365)+1)^365) -1 = 1.0050029%

(N.B. the staking period appears to be 8 hours so 365*3 = 1095 should probably be used instead of 365 to get a true rate, it will be the same in the end though)

Where does the BC for the staking come from? Fees?

Yes ~1,1% is accurate i think. No Fees goes to miners, this 1,1% (what is very small and Imo still more than 1,1% of coins will be lost (buy forgeting passwords, hardware destroted, sb buy 10 and forget about it etc) so this coin is deflational I think

. And this 1,1% is created and added to whole ~75M

Sorry, I am misunderstanding you or you me.

1% for inflation + 1.005% to pay the stakers for securing the network = 2.005% inflation per year. You are relying on >2.005% being lost every year for BC to be deflationary.

When you make a transfer of BC, you pay a fee? If so, where do the fees go? Some coins destroy them, some use to reward stakers. I'm not sure what BC does atm.

hellyeahent

sr. member

Activity: 532

Merit: 250

Quote from: warr1979 on April 23, 2014, 08:41:34 AM

IMO..... This pre planes pump is the first mistake that black coin has made. I hate the ups and downs and manipulation like everyone else but for theoat part this coin has fallen higher after each dump. This coin needs to keep developing and getting the adaptation as a currency. I think we need to worry about things we can control instead of focusing on the minute to minute price. Trust me I hate it to but don't you think the manpulaters read this as well?? This see that there winning and getting into people's heads and are not going to stop. If this coin is what we think it can be then it will be by the hard work these guys are putting in. Did the manipulation say 3-4 weeks ago matter now?? NO why?? Compare prices!! So IMO just keep developing and making a great coin and a great community and stop focusing on people playing with your emotions.

I think the same, free money for daytraders. They will buy for 40-45k (and we buy - pump phase) and when we reach lets say 60-70k sat they will insta dump. 50% profit, price go down to ~50-55k and ppl who bought at 55-60/70k losses (and those ppl should be rewarded not punished). Plz reconsider.

dominikf

full member

Activity: 182

Merit: 100

Quote from: ffmad on April 23, 2014, 08:59:15 AM

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

Man !!

Do you realize that 8PM EST is 2AM in Western Europe ? Huh

If you do that you just loose the European Community for this pump.

If you do that at 5PM or 6PM EST, you will have much more people from Europe.

Exactly. Do this a few hours earlier and the european community will help in this pump. Grin

dominikf

full member

Activity: 182

Merit: 100

Quote from: Djinou94 on April 23, 2014, 08:49:18 AM

Quote from: ?? on ??

Quote from: Djinou94 on April 23, 2014, 08:19:03 AM

http://www.followthecoin.com/blackcoin-supports-dogecon-first-coin-to-ever-support-a-conference/

wow, such friendly, much shibe, so black

The ultimate alliance!
Spam the Mintpal dev box for add an exchange BC/DOGE guys!!!

I think we should go straight away for BC/USD and BC/EUR. BC should stand on its own. No dependence from other alt coins or bitcoin.

ffmad

legendary

Activity: 868

Merit: 1006

Quote from: IconicExpert on April 23, 2014, 08:24:55 AM

Black Whale Community Pump (4/25/2013 - 8 PM EST - NYC Time)

The BlackCoin community are once again about to make history!!! Never in the history of crypto has a community rallied together to pump the price of a currency in an attempt to break the control of unscrupulous whales!!! A global pump with hundreds of people working in unison will be nothing less than epic!!! We will become the "Black Whale".

On Friday 4/25/2013 - 8 PM EST - NYC Time we will begin buying massive quantities of BlackCoin to stop the blatant manipulation of some holders who are purposely suppressing the growth of BlackCoin. This community will pump over 300 BTC into the BlackCoin ecosystem to consume the low priced sell walls.

We as a community will have to pledge to each other to follow some basic guidelines.

1.) You will only trade on Mintpal @ 4/25/2013 - 8 PM EST - NYC Time.
2.) You will buy at market price and not buy on dips.
3.) You will not use this opportunity to sell off the coins you already hold.
4.) You will not sell any of the coins you buy for 3 days after the community pump.

I would like to formally ask the multi-pool operators to hold off buying coins for the next two days and join us on this epic event!!!

Man !!

Do you realize that 8PM EST is 2AM in Western Europe ? Huh

If you do that you just loose the European Community for this pump.

If you do that at 5PM or 6PM EST, you will have much more people from Europe.

hellyeahent

sr. member

Activity: 532

Merit: 250

Quote from: Daedelus on April 23, 2014, 08:48:45 AM

Quote from: germsite on April 23, 2014, 08:38:25 AM

Quote from: troiste on April 23, 2014, 08:30:18 AM

Quote from: germsite on April 23, 2014, 08:28:00 AM

Quote from: Daedelus on April 23, 2014, 08:20:34 AM

Quote from: Subtuppel on April 23, 2014, 08:17:26 AM

Quote from: troiste on April 23, 2014, 08:11:30 AM

Quote from: troiste on April 23, 2014, 05:53:43 AM

Question, about this POS thing, lets say you download the BlackCoin wallet, transfer some funds to it, open it until the chain is fully downloaded and then you close it for 1 year.

One year later will this wallet get 1% reward? Or are there any constraints?

Thanks

Anyone?

You get the reward for staking, so you need to be online and the wallet has the be unlocked at least for staking.
The rewards come in "every now and then", you will receive
coincount / (365*100)
average per day.

So you would only get the 1% if you ran your client constantly for a year? Presumably, staking is measured by the hour not the day?

And if you miss 'your share' as you weren't staking, does it get distributed to the others that were? Or does the 1% inflation decrease for that year?

Thanks

No, you will earn your 1% regardless of whether or not you have your wallet open for the full year. You will receive the interest once you re-open your wallet.

The advantage of having your wallet open all the time is that you help secure the network, and also earn compound interest on your 1%.

Ah, thats sounds better

but what you mean by "compound interest"? Can you give an example?

If you keep your wallet open permanently, you earn a fraction of your annual 1% each day ( 1/365th to be precise ). So for every day that passes, you are earning 1/365th of your original wallet's value plus interest already earned.

If you start with 100,000 BC today, tomorrow you will earn : ( 100,000 * .01 ) / 365 = 2.7BC

So tomorrow your balance will be 100,002.7

You will then earn interest on that balance, which is : ( 100,002.7 * .01 ) / 365 = 2.74BC

So your balance will increase to : 100,005.44

And so on

So you get 1% from opening up you wallet (inflation element) and an additional 1.005% from staking constantly for a year (((.01/365)+1)^365) -1 = 1.0050029%

(N.B. the staking period appears to be 8 hours so 365*3 = 1095 should probably be used instead of 365 to get a true rate, it will be the same in the end though)

Where does the BC for the staking come from? Fees?

Yes ~1,1% is accurate i think. No Fees goes to miners, this 1,1% (what is very small and Imo still more than 1,1% of coins will be lost (buy forgeting passwords, hardware destroted, sb buy 10 and forget about it etc) so this coin is deflational I think

. And this 1,1% is created and added to whole ~75M

Zackgeno96

hero member

Activity: 1778

Merit: 520

closing in on page 1200 :O so quick!

nrg_wolf

legendary

Activity: 882

Merit: 1000

Quote from: TheGreatWodan on April 23, 2014, 08:52:17 AM

I think it has a great future and I´ll buy some more.

i buy daily and mine the multipool as well

.

TheGreatWodan

newbie

Activity: 19

Merit: 0

I think it has a great future and I´ll buy some more.

Djinou94

legendary

Activity: 1036

Merit: 1000

Quote from: ?? on ??

Quote from: Djinou94 on April 23, 2014, 08:19:03 AM

http://www.followthecoin.com/blackcoin-supports-dogecon-first-coin-to-ever-support-a-conference/

wow, such friendly, much shibe, so black

The ultimate alliance!
Spam the Mintpal dev box for add an exchange BC/DOGE guys!!!

Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 598. (Read 2509934 times)