Check it out - Remember how many of us said how fucked up it was that every other coin is going up and we were down over 60%? And how that was clearly the result of massive manipulation to dump the price? Look at what 's happening now!
http://i60.tinypic.com/k9fm6r.png
If this doesn't make you feel comfortable about buying back into Blackcoin then I don't know what will - The whale's grasp has been broken, I suspect he has decided to back away after seeing so many of his 10BTC+ low ball sell orders munched up at great expense to him (he would have made tripple the BTC proceeds had he not dumped and just trickled coins out here and there, even at this price, letting the market rise naturally). People know what this coin is capable of - they know it is incredibly undervalued for the size of the community and the quality of the projects that various members and devs have been putting together. Will it take down Litecoin? Who knows, I hope so! Will it hit $1 per coin? Id say the probability of that happening is suitably high enough to warrant putting your BTC into BC rather than any other Alt coin out there.
http://i60.tinypic.com/k9fm6r.png
If this doesn't make you feel comfortable about buying back into Blackcoin then I don't know what will - The whale's grasp has been broken, I suspect he has decided to back away after seeing so many of his 10BTC+ low ball sell orders munched up at great expense to him (he would have made tripple the BTC proceeds had he not dumped and just trickled coins out here and there, even at this price, letting the market rise naturally). People know what this coin is capable of - they know it is incredibly undervalued for the size of the community and the quality of the projects that various members and devs have been putting together. Will it take down Litecoin? Who knows, I hope so! Will it hit $1 per coin? Id say the probability of that happening is suitably high enough to warrant putting your BTC into BC rather than any other Alt coin out there.
What is this coin capable of? Can someone go over the numbers for transactions with me?
As I understand it, BC has 10 second confirmations and you wait for 10 confirmations to be sure it can't be reversed. This is correct? So a payment at a retailer will be confirmed without risk to the retailer in 1min 40 seconds?
Is Rat4 or the other devs around?
After 10 confirmations there is absolutely no chance to reverse it, but even after one it is very very hard. You can find rat4 in the ##blackoin channel on IRC, http://webchat.freenode.net/?channels=%23blackcoin&uio=d4
I have tried IRC but I feel it is better for transparency to talk on popular forums.
I have noted there are services that reverse "mistaken" payments using mining pools to force the original transaction to be voided. Here is one example: http://www.bitundo.com There is an obvious risk of scammers using this or more likely a hatchet job of the code to cause havoc.
Is BC immune to these kind of attacks?
