As long the team is not revealing the so-called innovation they are introducing in May, this shit is dead. You think the people who lost a shitload of money would come back? I made a nice profit, but I bet there are a lot of very angry and frustrated people up here.
This is your only chance to build up momentum again, so people will eagerly wait for the new thing!
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 774. (Read 2509934 times)
This coin is dead, all that's left are depressed and angry bagholders and filthy rich whales. This pump is a lot like Aur and Maz pumps, huge increases over a couple hours followed by a blood bath. Let's face it, this coin is just like every other coin but on steroids.
I do salute those who held coins bought below 2k, but my guess is that same faith and strength kept most from cashing out before The Dump.
I do salute those who held coins bought below 2k, but my guess is that same faith and strength kept most from cashing out before The Dump.
Says the man sweating at his keyboard with his finger on the buy button
Quote from: dzimbeck link=topic=469640.msfac9831#msg6249831 date=1397659241
Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!
We should really tell everybody about this fact this is great
i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.
You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.
Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.
What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?
With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?
And what about the next day?
Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better.
When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time.
When was the first blackpool payment? I can't see a history of payments on the website.
The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out.
There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there.
I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first.
But I am more interested in any features that BC will have.
I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made?
Thanks guys
It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point.
If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier.
Do you mean 10 ten seconds for confirmations?
Can you provide th elink to the discussion on Smart contracts? This is very interesting to me.
I think you mean POW > POS.
There is not a discussion about smart contracts because people think they are impossible because of txmaleability (alice can change the txid by altering the sighash slightly thus making future contracts void)... early discussions about blackcoin said there were some recent patches applied. Multisig accounts 10 second confirmations and those patches help greatly.
How do I know this? Because I am working on software for bitcoin its sort of secret but I will be sure to mention blackcoin when I finish.
https://cryptocointalk.com/topic/6156-blackcoin-bc-information/
The thread above mentions the patches. I have not checked the source but Soekip and I need to talk after I finish my bitcoin programs. Blackcoin can be better than bitcoin based on that alone.
I mean Proof of Stake is better than proof of Work. Proof of work is vulnerable to 51% attack so one day Bitcoin will fail. Its just logic. Quantum computers and light processors are not that far out. They can easily double spend Bitcoins. I dont mean to get all technical but this is just a fact. People should really read my posts to understand better. My program for bitcoin will definitely refer to this thread.
Are you saying smart contracts are possible in blackcoin? Are they implemented? Any discussion on the multisig gateways?
Shame about the other world firsts though.
Yeah they are definitely. They are possible in bitcoin too but i am not going to reveal that here. There is a few drawbacks in Bitcoin that I think other coins can mitiagate better. I wanted to see the source and better understand the patches of tx sighash maleability. Stay posted and I will release my beta software in a few weeks. I have been mentioning it on this thread I will start one of my own. I want the blackcoin community to be the first to know because I am a supporter. I used to be in Litecoin and switched to dark/black. My software will definitely change crypto. It will cause a whole new paradigm.
Been mining BC for the last week... sold some (hey gotta cover my electricity bill 
), but kept more. I intend to keep doing it this way in the near future anyway. This way I finance my rig and still hold a coin I think has a great future.
Btw ordered the Blackcoin card today, woohoo! B-)
), but kept more. I intend to keep doing it this way in the near future anyway. This way I finance my rig and still hold a coin I think has a great future.Btw ordered the Blackcoin card today, woohoo! B-)
I just feel sorry for the fish
never buy when things double in a day... always buy when there is a steady increase in volume while there is resistance.
disclaimer though I thought I could help hold prices above 20 in order to create a higher resistance line...
not unhappy with my gains but I could have made more be if I had left my buys at 15
never buy when things double in a day... always buy when there is a steady increase in volume while there is resistance.
disclaimer though I thought I could help hold prices above 20 in order to create a higher resistance line...
not unhappy with my gains but I could have made more be if I had left my buys at 15
This coin is dead, all that's left are depressed and angry bagholders and filthy rich whales. This pump is a lot like Aur and Maz pumps, huge increases over a couple hours followed by a blood bath. Let's face it, this coin is just like every other coin but on steroids.
I do salute those who held coins bought below 2k, but my guess is that same faith and strength kept most from cashing out before The Dump.
I do salute those who held coins bought below 2k, but my guess is that same faith and strength kept most from cashing out before The Dump.
Keep on buying against the trend guys! 
Whailes decide the pump not multipool..u cant fight against them ..they will pump it again but onlu they know when ..probablu will wait that price fell little more
Thats only true short term. Long term miners will buy the network if they hold less than one year at the current hash rate. if the price cuts lower they will buy half the network in 3 months regardless of dumps or fud
right, kind odd to see the hypocrisy of the miners that dropped from the pool.
Blackcoin goes up >> better get blackcoin the slowest way possible by mining scrypt while blackcoin is the highest it has ever been.
Blackcoin goes down >> I could get 3-5x more blackcoin then before, disregard all the blackcoin you just wanted hours before.
Well guess what miners, if you want blackcoin, you better mine what you can at these low levels.
but you wont and all we will here once blackcoin goes up is how little blackcoin you are getting per day.
so short sighted.
seriously goldfish memories here
Its insanely frustrating. I could have cashed too but I wanted to support miners as an investor and support the coin. I have been in since it started. Regardless, the miners can buy up the entire coin at this hash rate in less than a year. Dumpers cant stop them from doing that unless they hoard coins and that would make them holders.
Quote from: dzimbeck link=topic=469640.msfac9831#msg6249831 date=1397659241
Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!
We should really tell everybody about this fact this is great
i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.
You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.
Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.
What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?
With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?
And what about the next day?
Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better.
When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time.
When was the first blackpool payment? I can't see a history of payments on the website.
The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out.
There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there.
I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first.
But I am more interested in any features that BC will have.
I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made?
Thanks guys
It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point.
If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier.
Do you mean 10 ten seconds for confirmations?
Can you provide th elink to the discussion on Smart contracts? This is very interesting to me.
I think you mean POW > POS.
There is not a discussion about smart contracts because people think they are impossible because of txmaleability (alice can change the txid by altering the sighash slightly thus making future contracts void)... early discussions about blackcoin said there were some recent patches applied. Multisig accounts 10 second confirmations and those patches help greatly.
How do I know this? Because I am working on software for bitcoin its sort of secret but I will be sure to mention blackcoin when I finish.
https://cryptocointalk.com/topic/6156-blackcoin-bc-information/
The thread above mentions the patches. I have not checked the source but Soekip and I need to talk after I finish my bitcoin programs. Blackcoin can be better than bitcoin based on that alone.
I mean Proof of Stake is better than proof of Work. Proof of work is vulnerable to 51% attack so one day Bitcoin will fail. Its just logic. Quantum computers and light processors are not that far out. They can easily double spend Bitcoins. I dont mean to get all technical but this is just a fact. People should really read my posts to understand better. My program for bitcoin will definitely refer to this thread.
Are you saying smart contracts are possible in blackcoin? Are they implemented? Any discussion on the multisig gateways?
Shame about the other world firsts though.
Whailes decide the pump not multipool..u cant fight against them ..they will pump it again but onlu they know when ..probablu will wait that price fell little more
Thats only true short term. Long term miners will buy the network if they hold less than one year at the current hash rate. if the price cuts lower they will buy half the network in 3 months regardless of dumps or fud
right, kind odd to see the hypocrisy of the miners that dropped from the pool.
Blackcoin goes up >> better get blackcoin the slowest way possible by mining scrypt while blackcoin is the highest it has ever been.
Blackcoin goes down >> I could get 3-5x more blackcoin then before, disregard all the blackcoin you just wanted hours before.
Well guess what miners, if you want blackcoin, you better mine what you can at these low levels.
but you wont and once blackcoin goes up all we will all hear is how little blackcoin you are getting per day.
so short sighted.
seriously goldfish memories here
I am excited to see the cooler heads prevail. The sell off is almost over and tomorrow we will bring in new eyes with our media blitz. It will take a few days to start seeing the momentum again because of the holiday, but if anyone thinks we are not going back up from here doesn't know BlackCoin very well.
Only 3 more pages to go for 1000 
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
Think we might have broke just about every altcoin record now lol
Also sell orders looking very thin on mintpal, i might buy a touch more aswell.
Buy orders are thin as well.
Whailes decide the pump not multipool..u cant fight against them ..they will pump it again but onlu they know when ..probablu will wait that price fell little more
Thats only true short term. Long term miners will buy the network if they hold less than one year at the current hash rate. if the price cuts lower they will buy half the network in 3 months regardless of dumps or fud
Quote from: dzimbeck link=topic=469640.msfac9831#msg6249831 date=1397659241
Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!
We should really tell everybody about this fact this is great
i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.
You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.
Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.
What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?
With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?
And what about the next day?
Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better.
When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time.
When was the first blackpool payment? I can't see a history of payments on the website.
The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out.
There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there.
I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first.
But I am more interested in any features that BC will have.
I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made?
Thanks guys
It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point.
If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier.
Do you mean 10 ten seconds for confirmations?
Can you provide th elink to the discussion on Smart contracts? This is very interesting to me.
I think you mean POW > POS.
There is not a discussion about smart contracts because people think they are impossible because of txmaleability (alice can change the txid by altering the sighash slightly thus making future contracts void)... early discussions about blackcoin said there were some recent patches applied. Multisig accounts 10 second confirmations and those patches help greatly.
How do I know this? Because I am working on software for bitcoin its sort of secret but I will be sure to mention blackcoin when I finish.
https://cryptocointalk.com/topic/6156-blackcoin-bc-information/
The thread above mentions the patches. I have not checked the source but Soekip and I need to talk after I finish my bitcoin programs. Blackcoin can be better than bitcoin based on that alone.
I mean Proof of Stake is better than proof of Work. Proof of work is vulnerable to 51% attack so one day Bitcoin will fail. Its just logic. Quantum computers and light processors are not that far out. They can easily double spend Bitcoins. I dont mean to get all technical but this is just a fact. People should really read my posts to understand better. My program for bitcoin will definitely refer to this thread.
Whailes decide the pump not multipool..u cant fight against them ..they will pump it again but onlu they know when ..probablu will wait that price fell little more
Only 3 more pages to go for 1000
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
BIG WARM GRATEFUL HAND SHAKE TO YOU SOEPKIP
Keep going guys
One thread got 4000+ I think and I know another got to 2763 Only 3 more pages to go for 1000
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
I think we are breaking records with our Announcement page on the BitcoinTalk forums.
Think we might have broke just about every altcoin record now lol
Also sell orders looking very thin on mintpal, i might buy a touch more aswell.
I've been getting payed daily since I started mining and they give you an update every day as to the average bc/mh
What date was your first payment please?
The latest bc/mh would be interesting to me too, thanks. And maybe the peak a couple of days ago also, just for comparison.
I am really going now
Thanks guys
Mine was on the 15th of march but that was beta I didn't receive a payment from the newer multi until the 27th
Thank you. This is close to the mark, I will have to check. Additionally, I can provide independent data from the blockchain (txs ID) to show you I am telling the truth.
Quote from: dzimbeck link=topic=469640.msfac9831#msg6249831 date=1397659241
Guys!! I just realized something very important about dumping this coin!!! Please listen.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
PLEASE READ MINERS:
At the current hash rates the mining pool generates 35-60 BTC a day. At the current price that buys roughly 200,000 coins a DAY.
So with a LIMITED SUPPLY of 74 Million coins at the current price the pool will BUY THE ENTIRE MARKET in one year.
I want everyone to repost this so that it really sinks in.
Dumpers or not, if the miners HOLD they will push this coin much higher than it was last week. Even in 3 months, they will have bought 25% of the entire supply. By that time im very certain that the price will give way to the pressure.
I didnt realize this, but this makes much sense, im moving to the bcmultipool right now, only 4mh/s but if theres 100 like me reading that message of you and realizing the same as me theyll also point their
Miners to the bcmultipool right away!
We should really tell everybody about this fact this is great
i dont know why you didnt see this. it's a very simple calculation. it's constant guaranteed daily investment. no matter how long it takes.. if we keep acquiring and hold, the price has no choice, but to go up. no choice! and up, and up and up and up.
You are assuming your buying action has no impact on the price. This can only happen if you defy supply and demand.
Its just pure logic. The pool has to buy they have no choice. At this price they buy up 100% of the coins in a year. Simple math. Add that to community drive, good branding, fast confirmations and proof of stake. Miners just need to mine for a year and walk away from the computer. No matter what, they buy the market in a year. The price has to rise based on that alone. Blackcoin atms, coinkite and other things also make this swell. Also it being top 20 coins makes it swell upwards. There is no other choice this coin must replace litecoin.
What would happen if you bought 200,000 coins on bter today (using funds from mining other coins)?
With the same amount of money, would you be able to buy 200,000 coins tomorrow at the same price or would it most likely be higher?
And what about the next day?
Thats the point. When you buy you push the price up. The hash rate on the pool went up when the price was 4x. The only problem was people got scared. But it wont matter because there is enough miners to support a contant amount of pressure. Litecoin is down 4x from last year and it has not recovered. It never will because miners dump all over the coin every day the only thing holding it up is bagholders. They will leave Litecoin like I did once they realize proof of stake is better.
When you buy you push the price up and in turn diminish your buying power unless the amounts you buy with increase at the same rate. Blackpool hashrate increase and profits would have to match the price increase of BC (1000x 2000x? I don't know) just to stand still. Otherwise, blackpool influence on the price will diminish over time.
When was the first blackpool payment? I can't see a history of payments on the website.
The blackcoin pool has been around for over a month. Their miners get paid. Why do you think they are there??! I would love to hear miners come in and reply to this just throw your shit out.
There is truth to the buying power going down as price goes up. That is why miners need to hold!! They are investors as well they need to realize its a collective effort. Besides, a 10x increase puts us next to Litecoin. Im pretty sure that investors will take it from there.
I am not calling into question if it exists or is functional, I am asking as I am not sure blackpool is a world first.
But I am more interested in any features that BC will have.
I will have to catch up with this thread later, can someone point me to when the first blackpool payment was made?
Thanks guys
It is a world first. They were the first 100% pow/pos hybrid to go to the proof of stake stage. Its the first coin ever to be mined indirectly. Its also one of the fastest coins in the world at 10 second confirmations. They are also more resilient to malleability issues which can allow for smart contracts. Bitcoin struggles with that since rawtx can be tampered with. Just like peercoin it cant be 51% attacked which is huge since Bitcoin will eventually be destroyed by "selfish miner" and 51% attacks. People dont understand how serious 51% attacks are. Quantum computing will end Bitcoin. It will not be able to end Blackcoin or Peercoin. We should get the crypto commmunity prepared for that. So while there are miners we should have them mine this coin indirectly so they are (A) Happy and (B) in the right coin. POS > POW. Thats the point.
If the 25th March was the earliest Blackpool payment, I know of another POS multipool that was active and whose first payment was earlier.
Do you mean 10 ten seconds for confirmations?
Can you provide the link to the discussion on Smart contracts? This is very interesting to me. Do you see it being better then Ethereum?
I think you mean POW > POS.
virtually no more trading on Mintpal.
wonder if that is good or bad right now.
wonder if that is good or bad right now.
I think it is a good thing. It's behavior is as typical as a stock. I expect the following to happen:
1. It will "bleed" slowly for a couple of days. I expect to see something like 12K-13K there.
That phase is needed in order to evaporate the last parts of the selling pressure. This will
happen on very low volume because the ones that bought in higher than 10K will see
no worth on selling and the buyers are scared to invest huge amounts.
2. Then, it will try again something like 25K. It will go down a bit again (18K-19K ?),
some will go for a quick buck. And then ...
3. Boom, 120K-150K. And ...
... the circle continues. Anyway, this is what I would expect in a stock with value.
But, it is crypto, it is Easter period (all the best to all of you, health and prosperity), so who knows?
yes and no. It may bleed for a bit, but how many people were burned when blackcoin left them in the dust after it broke 10k?
There is quite a lot of money waiting for blackcoin to make a move. It may touch 12k once more but i doubt it will hang out there for too long.
6.5 million in volume just doesn't give up a coin for after 1 day. there will be aftershocks.
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