Return of the Iconic
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Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 833. (Read 2509934 times)
Although I believe the type of "innovation" that Blackcoin represents shifts marginal wealth away from endeavours that are productive to the cryptocurrency community, I must admit your multi-pool concept produced the most "innovative" price chart I've yet seen.
You wont be saying that at $5 you will be scrambling to buy some once you realize POS > POWAt $5 I'd say it looks "diabolically innovative."
I support experimentation with PoS systems, and in fact I am promoting them in my "spin-off" thread. Spin-offs are based on the premise that if a "better payment network were found," its technology would be spun-off using the blockchain ledger. The blockchain version would become dominant since the economic majority in our community view it as the most legitimate store of value.
Here is a link to the spin-off discussion if readers are interested: https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972
I think this has been good in terms of exposure. There are hundreds more miners than before. Just mine and hold and let everyone who believes in the coin do their thing. Bitcoin talk isn't the be all and end all of this coin believe it or not - people work on actual things away from here. Price isn't the be all and end all either - it should be the result of work not the driver for it. Chasing it constantly doesn't give the impression of a coin going places, but a self fullfilling hype machine. I'd rather we gain adoption and services and stop having a panicy daytrader mentality about BC.
Why does mintpal suddenly require manual approval for BTC withdrawal?
Scared of bugs in their withdrawal script? Maybe they are vulnerable like mtgox CLAIMED it was ?
Please disregard everything Peter R says, he is a scammer and a fool.
Peter R has a different opinion that's all. Sorry but I would trust him more on a different topic than bc than most people panicking and cursing here.
Why does mintpal suddenly require manual approval for BTC withdrawal?
Open Letter
Dear community,
This letter is a very lengthy, and I apologize in advance for the length, but I hope everyone that has a vested interest in BlackCoin takes a moment to read it.
The past several hours has been a sobering moment for many, and I hope this community will pause to reflect on what has occurred over the past two weeks.
First I want to start by saying yesterday there was some comments made on reddit that I would like to address first: http://www.reddit.com/r/blackcoin/comments/231hv2/it_is_602_pm_in_nycdid_i_miss_it/
I have made it clear I am not part of the dev team and my actions are not that of the dev team. However, people have assumed I am part of the dev team because of my efforts to get BC out to the mainstream. I am not part of a massive plot to pump and dump BlackCoin, that is just ridiculous. I would not waste money or time building an infrastructure around BlackCoin just to watch it destroyed. If I wanted to pump and dump I would have done so already, I have no interest in selling until BlackCoin is #1, period. So please stop with the conspiracy theories.
Some people have contacted my regarding my aggressiveness when promoting BlackCoin. (I have already stated I do not do passive aggressive, I do aggressive aggressive.) Many of these people consider themselves the top "bag holders". Some people have been extremely rude and disrespectful with their comments publicly and behind the scenes. I am not going to get into a debate over who holds more BC, but between my wife and I at the height of trading we could have dumped and purchased a new house for cash and still have a bit left over for a vacation. We have multiple addresses spread evenly. My point is not to brag, I have never disclosed how much BC I hold. My point is I have never sold any of my personal BC and like many I am holding strong. BlackCoin can be worth $10.00 a coin tomorrow and I will not sell until BlackCoin is #1. So I get very annoyed when I am contacted by people who tout how much BC they own and demand that I "control" my actions. If it wasn't for my actions we would be still trading below 7000 sat and fighting with the Mint community.
I vowed I would never get involved with any coin because I think 99% of the coins are worthless and the communities are just around for a quick profit. For a short time I thought Mint had promise, but that was a very short time. When I started really paying attention to this community I realized there might be something very special here. I think rat4 is a brilliant, SoepKip has drive, and this community is loyal. It was those factors that made me want to jump in and help, not the coin itself. A coin features is not the driving factor of a coins success. Yes features are great, but it is the dev team and community that makes a coin successful. This community lacked one thing, someone to promote and hype it up.
Some people here are very naive and do not understand that without hyping and yes pumping BlackCoin we will still be at 1500 sat with 50BTC or less volume. I have a specific plan to get BlackCoin to the top, and the slow and steady approach some are advocating for is just simply stupid. My actions are not random and there is a clear path for BlackCoin to reach #1. This is not hype or delusional thinking, there is a lot going on behind the scenes to make this happen. Bitcoin has already established an infrastructure and it is getting bigger everyday. Services that support Bitcoin can easily be adapted to support BlackCoin. Train tracks laid down over a hundred years ago can still support new trains being built today. Bitcoin has done all the hard work for us already, now all we have to do is force everyone to accept us. The only way we can do that is from the bottom up.
I know rat4, Soepkip, maarx, and others behind the scenes have done a tremendous amount of work and they should be commended for their tireless efforts. But everyone has his or her strengths, and my strength is taking a product from 0 to 60 in a short time but then keeping it relevant. I have done this more times than I can count. Anyone who has invested in a business know you do not invest in an idea, you invest in the people behind the idea. You can have the best idea in the world, but if a investor does not have confidence in you, the investor will not invest in you. We have to show investors and the world BlackCoin is not a novelty and I can't do that alone. I need everyones help to make that happen.
The recent dramatic increase in trading and volume came from the promotional efforts of this entire community. It is not because of the multi-pool and I hope from this point we as a community stop focusing on the multi-pool. There is way too much psychological dependency on the buy pressure of the Multi-Pool. The multi-pool cannot sustain the buy pressure required to keep BlackCoin trading high at this level. The media campaign we did last week can be repeated and as I have stated that was just the beginning. We have to keep actively promoting BlackCoin and never stop, but I need the community to work together if we are going to succeed.
The price drop is nothing and to be honest I am glad it happened. This community needed a dramatic wake up call. You have to fight to get to the top and we have to keep fighting to stay there. This week was a dress rehearsal for the future and I hope everyone has learned from this. So much focus over the past 4 days has been on the movement of the charts, watching Mintpal, and announcing every dump that happened. Little to no focus was on what got us here in the first place, and that is getting the word out about BlackCoin. This ludicrous behavior of announcing a dump has to stop immediately. If you scream fire in a crowded movie theater you will cause panic. Many of you did that yesterday and are still doing it today. I firmly believe if people were not announcing dumps we would not be trading between 20000 - 35000. We can all see the price dropping, no need to announce it multiple times a minute.
Do not worry about this price drop, more coins to buy cheap. Dumps will happen that is the nature of trading. Dumps happen all the time with Forex and crypto is no different. I have no doubt in my mind we will be back on track when everyone calms down. Just a week ago we were trading around 7100 sat and now we are trading above 20000 sat. This is what happens when you are in the spotlight, prices go up and down dramatically. One event could bring us back to 90000 in 24 hours.
Finally....I pride myself on being a man of my word. I am an old school businessman that has done deals on a handshake. I made this community a promise I would help get us to the top, and the fundamentals to get us there are still the same. But this will only work if this community gets back to the business of being a community. It is okay to celebrate when we get to a new high, I was excited as well! But 100 pages of how many sat we went up or down is just ridiculous.
PS: To the naysayers and the people making comments about the recent price drop have your short moment of laughter, because it will not last long. All you have done is motivate the people involved to work harder. I have decided to put my personal projects on hold and focus exclusively on BC for the next 60 days. Always bet on Black and this community will get the last laugh...
Dear community,
This letter is a very lengthy, and I apologize in advance for the length, but I hope everyone that has a vested interest in BlackCoin takes a moment to read it.
The past several hours has been a sobering moment for many, and I hope this community will pause to reflect on what has occurred over the past two weeks.
First I want to start by saying yesterday there was some comments made on reddit that I would like to address first: http://www.reddit.com/r/blackcoin/comments/231hv2/it_is_602_pm_in_nycdid_i_miss_it/
I have made it clear I am not part of the dev team and my actions are not that of the dev team. However, people have assumed I am part of the dev team because of my efforts to get BC out to the mainstream. I am not part of a massive plot to pump and dump BlackCoin, that is just ridiculous. I would not waste money or time building an infrastructure around BlackCoin just to watch it destroyed. If I wanted to pump and dump I would have done so already, I have no interest in selling until BlackCoin is #1, period. So please stop with the conspiracy theories.
Some people have contacted my regarding my aggressiveness when promoting BlackCoin. (I have already stated I do not do passive aggressive, I do aggressive aggressive.) Many of these people consider themselves the top "bag holders". Some people have been extremely rude and disrespectful with their comments publicly and behind the scenes. I am not going to get into a debate over who holds more BC, but between my wife and I at the height of trading we could have dumped and purchased a new house for cash and still have a bit left over for a vacation. We have multiple addresses spread evenly. My point is not to brag, I have never disclosed how much BC I hold. My point is I have never sold any of my personal BC and like many I am holding strong. BlackCoin can be worth $10.00 a coin tomorrow and I will not sell until BlackCoin is #1. So I get very annoyed when I am contacted by people who tout how much BC they own and demand that I "control" my actions. If it wasn't for my actions we would be still trading below 7000 sat and fighting with the Mint community.
I vowed I would never get involved with any coin because I think 99% of the coins are worthless and the communities are just around for a quick profit. For a short time I thought Mint had promise, but that was a very short time. When I started really paying attention to this community I realized there might be something very special here. I think rat4 is a brilliant, SoepKip has drive, and this community is loyal. It was those factors that made me want to jump in and help, not the coin itself. A coin features is not the driving factor of a coins success. Yes features are great, but it is the dev team and community that makes a coin successful. This community lacked one thing, someone to promote and hype it up.
Some people here are very naive and do not understand that without hyping and yes pumping BlackCoin we will still be at 1500 sat with 50BTC or less volume. I have a specific plan to get BlackCoin to the top, and the slow and steady approach some are advocating for is just simply stupid. My actions are not random and there is a clear path for BlackCoin to reach #1. This is not hype or delusional thinking, there is a lot going on behind the scenes to make this happen. Bitcoin has already established an infrastructure and it is getting bigger everyday. Services that support Bitcoin can easily be adapted to support BlackCoin. Train tracks laid down over a hundred years ago can still support new trains being built today. Bitcoin has done all the hard work for us already, now all we have to do is force everyone to accept us. The only way we can do that is from the bottom up.
I know rat4, Soepkip, maarx, and others behind the scenes have done a tremendous amount of work and they should be commended for their tireless efforts. But everyone has his or her strengths, and my strength is taking a product from 0 to 60 in a short time but then keeping it relevant. I have done this more times than I can count. Anyone who has invested in a business know you do not invest in an idea, you invest in the people behind the idea. You can have the best idea in the world, but if a investor does not have confidence in you, the investor will not invest in you. We have to show investors and the world BlackCoin is not a novelty and I can't do that alone. I need everyones help to make that happen.
The recent dramatic increase in trading and volume came from the promotional efforts of this entire community. It is not because of the multi-pool and I hope from this point we as a community stop focusing on the multi-pool. There is way too much psychological dependency on the buy pressure of the Multi-Pool. The multi-pool cannot sustain the buy pressure required to keep BlackCoin trading high at this level. The media campaign we did last week can be repeated and as I have stated that was just the beginning. We have to keep actively promoting BlackCoin and never stop, but I need the community to work together if we are going to succeed.
The price drop is nothing and to be honest I am glad it happened. This community needed a dramatic wake up call. You have to fight to get to the top and we have to keep fighting to stay there. This week was a dress rehearsal for the future and I hope everyone has learned from this. So much focus over the past 4 days has been on the movement of the charts, watching Mintpal, and announcing every dump that happened. Little to no focus was on what got us here in the first place, and that is getting the word out about BlackCoin. This ludicrous behavior of announcing a dump has to stop immediately. If you scream fire in a crowded movie theater you will cause panic. Many of you did that yesterday and are still doing it today. I firmly believe if people were not announcing dumps we would not be trading between 20000 - 35000. We can all see the price dropping, no need to announce it multiple times a minute.
Do not worry about this price drop, more coins to buy cheap. Dumps will happen that is the nature of trading. Dumps happen all the time with Forex and crypto is no different. I have no doubt in my mind we will be back on track when everyone calms down. Just a week ago we were trading around 7100 sat and now we are trading above 20000 sat. This is what happens when you are in the spotlight, prices go up and down dramatically. One event could bring us back to 90000 in 24 hours.
Finally....I pride myself on being a man of my word. I am an old school businessman that has done deals on a handshake. I made this community a promise I would help get us to the top, and the fundamentals to get us there are still the same. But this will only work if this community gets back to the business of being a community. It is okay to celebrate when we get to a new high, I was excited as well! But 100 pages of how many sat we went up or down is just ridiculous.
PS: To the naysayers and the people making comments about the recent price drop have your short moment of laughter, because it will not last long. All you have done is motivate the people involved to work harder. I have decided to put my personal projects on hold and focus exclusively on BC for the next 60 days. Always bet on Black and this community will get the last laugh...
Blackcoin resembles Quark in that it is practically premined and its price can be decided by the preminers. Quark made the preminers rich when the premine ended and pump began, but it has been going down since taking the sheep with it. Don't buy blackcoin.
You my sir... Although I believe the type of "innovation" that Blackcoin represents shifts marginal wealth away from endeavours that are productive to the cryptocurrency community, I must admit your multi-pool concept produced the most "innovative" price chart I've yet seen.
No offense but mister 300k by december has been wrong so many times i take my chances with bc.
1bc = 1btc 
It's just some early adopters taking their profits plus some panic sellers
I have seen this pattern several times here.
I have seen this pattern several times here.
Blackcoin resembles Quark in that it is practically premined and its price can be decided by the preminers. Quark made the preminers rich when the premine ended and pump began, but it has been going down since taking the sheep with it. Don't buy blackcoin.
You my sir... Although I believe the type of "innovation" that Blackcoin represents shifts marginal wealth away from endeavours that are productive to the cryptocurrency community, I must admit your multi-pool concept produced the most "innovative" price chart I've yet seen.
You wont be saying that at $5 you will be scrambling to buy some once you realize POS > POW
At least miners could get 2-3x the amount of BC at today's prices than yesterday's.
I am very happy for them. Support the miners, support the devs. This coin rocks!
At least miners could get 2-3x the amount of BC at today's prices than yesterday's.
Today isn't actually over though.
Blackcoin resembles Quark in that it is practically premined and its price can be decided by the preminers. Quark made the preminers rich when the premine ended and pump began, but it has been going down since taking the sheep with it. Don't buy blackcoin.
You my sir... Although I believe the type of "innovation" that Blackcoin represents shifts marginal wealth away from endeavours that are productive to the cryptocurrency community, I must admit your multi-pool concept produced the most "innovative" price chart I've yet seen.
Guys, I asked one question a few days ago and no answer so far.
What happens to the price of BC when Bitcoin starts to go up?
I believe now everyone knows.
The multipool is currently too small to maintain any sort of real buying to affect price much.
All these fluctuation are due to organized groups with big pockets.
The entire BC pump happened when BTC was tanking, you don't find this timing a little bit odd?
?
I like BC, but like I said before, these price rises are pure BS!!!!
What happens to the price of BC when Bitcoin starts to go up?
I believe now everyone knows.
The multipool is currently too small to maintain any sort of real buying to affect price much.
All these fluctuation are due to organized groups with big pockets.
The entire BC pump happened when BTC was tanking, you don't find this timing a little bit odd?
?I like BC, but like I said before, these price rises are pure BS!!!!
Not sure what you are trying to say. The blackcoin price went up in a down market because people were excited as hell about it. And nobody really noticed the coin intil a few days ago. Blackcoin is not Bitcoin it behaves on its own. That is a GREAT sign! It means we aren't dependent on Bitcoin entirely. Also only 10 whales cashed out and they lost their positions. These price rises have everybody really excited so relax and enjoy the ride!
If you think there are coins with more potential then why are you invested in BC? Besides speculation and pages of useless opinions do you bring anything to this community to help BC grow?
I helped BC to grow by buying it LoL. What else to you want potential investors to do ?
For all you know, once the dumps start half the fanatics posting on here will all have scurried and I'll still be here holding because I know what I bought. (From all the over obsessing about the price, thats what it looks like anyway).
Well here we are in that exact scenario and I didn't join the dumpfest.
Wonder if IconicExpert is still holding his
At least miners could get 2-3x the amount of BC at today's prices than yesterday's.
who's up for placing all our bids at 30ksat and pile up a humoungus buy wall lol
BUY guys, BUY!
I don't have anything to buy BC!
This thing shall RISE!
And i guess we didn't see the multipool efect yet.
I don't have anything to buy BC!
This thing shall RISE!
And i guess we didn't see the multipool efect yet.
Of course we saw the multipool effect! It almost passed 50 cents in a day. The multipool does not have infinite money. The cowards that got off their hands will realize later in about a month that selling was the stupidest mistake they ever made.
Sorry, I meant "for today"
don't forget that there is a group buy in effect to buy a MASSIVE rig to put towards the multipool, you can check on the IRC
Hmm can I get in on that? How are they putting that together?
and dont thing multipool is small ..even with this dump its still rising ..now http://blackcoinpool.com/ 11000mh/s on scrypt..that is preaty big number
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