Blackcoin and why it could be really big // Intro to Blackcoin

mkasiak

member

Activity: 92

Merit: 10

Quote from: jonnysomething on March 25, 2014, 11:30:49 PM

Woah what the fuck, this guy just posted exactly what I posted on the 18th.

Quote from: jonnysomething on March 18, 2014, 03:43:30 PM

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?

Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.

I think it is, because there is a coin (I do not remember its name), which distributes premine to people who have at least 50 "quality posts" on this forum. This "clever" guy thinks, he can copy what was written and make posts this way.

But at least thanks to him or you I found this interesting topic about BC. It went up in the list. Now I bought few BC.

jonnysomething

member

Activity: 98

Merit: 10

Woah what the fuck, this guy just posted exactly what I posted on the 18th.

Quote from: jonnysomething on March 18, 2014, 03:43:30 PM

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?

Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.

ysbysb2000

newbie

Activity: 42

Merit: 0

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development.

rich93

full member

Activity: 595

Merit: 101

Chromia - Relational Blockchain

Quote from: yourstruly on March 25, 2014, 02:42:11 PM

Quote from: belmonty on March 25, 2014, 05:45:18 AM

Quote from: MuffinMaster on March 18, 2014, 03:25:06 PM

Lets be honest, the only thing anyone really cares about is value.

Do you get value out of your coin/currency?

>> Bitcoin <<

The first cryptocurrancy but it has certain drawbacks that many many alts have tried to fill.
Its slow
Blockchain is huge
not truly anonymous
About 5% (actually 11%) inflation right now with mining >> your coins worth less overtime
Few large holders of coins
Massive mining farms can control the price as they can dump or withhold supply as desired.

But it obviously has value.

Regarding anonymity, does blackcoin have any anonymity features like darkcoin?

No, but neither does darkcoin yet. There is a possibility we could encourage the developers to add it after darksend is open source.

Is dark send only being used on a test net at the moment?

yourstruly

sr. member

Activity: 308

Merit: 250

thrasher.

Quote from: belmonty on March 25, 2014, 05:45:18 AM

Quote from: MuffinMaster on March 18, 2014, 03:25:06 PM

Lets be honest, the only thing anyone really cares about is value.

Do you get value out of your coin/currency?

>> Bitcoin <<

The first cryptocurrancy but it has certain drawbacks that many many alts have tried to fill.
Its slow
Blockchain is huge
not truly anonymous
About 5% (actually 11%) inflation right now with mining >> your coins worth less overtime
Few large holders of coins
Massive mining farms can control the price as they can dump or withhold supply as desired.

But it obviously has value.

Regarding anonymity, does blackcoin have any anonymity features like darkcoin?

No, but neither does darkcoin yet. There is a possibility we could encourage the developers to add it after darksend is open source.

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: MuffinMaster on March 18, 2014, 03:25:06 PM

Lets be honest, the only thing anyone really cares about is value.

Do you get value out of your coin/currency?

>> Bitcoin <<

The first cryptocurrancy but it has certain drawbacks that many many alts have tried to fill.
Its slow
Blockchain is huge
not truly anonymous
About 5% (actually 11%) inflation right now with mining >> your coins worth less overtime
Few large holders of coins
Massive mining farms can control the price as they can dump or withhold supply as desired.

But it obviously has value.

Regarding anonymity, does blackcoin have any anonymity features like darkcoin?

The Fat Miner

member

Activity: 84

Merit: 10

Please give me Bitcoins so I can buy more food

So what your saying is , This coin can't be mined because a load of early adopters jumped in a rinsed the shit out of it, Taking a ton of coins, Which we can now be paid back with for mining 24-7 on Alt coins ! lol this is a joke.

I hope nobody buys any of these coins.

Eganwp

newbie

Activity: 26

Merit: 0

Basically Blackcoin is just a rip-off of everything that MINTCOIN already does, including the "all ALT coin conversion to MINT" pool...

Go mine the MINT conversion pool if your going to bother...

yourstruly

sr. member

Activity: 308

Merit: 250

thrasher.

Quote from: Eli0t on March 24, 2014, 09:22:39 PM

Quote from: yourstruly on March 24, 2014, 09:21:00 PM

Quote from: Eli0t on March 24, 2014, 09:19:17 PM

so why would people mine altcoins and get paid in blackcoins? if you have to sell blackcoins to get a return doesnt that defeat the point of the coin?

Stable store of value in the long run and its a currency that has a very small energy footprint.

the energy footprint of blackcoin is irrelevant if the mining is done using other coins

Not exactly true, because as other coins realize their strategy cannot stand up to POS + multipool mining it will begin to phase out POW cryptocurrencies. Overall it will cause a decrease in the amount of energy spent on cryptocurrencies. This is one of the many reasons its such a powerful idea.

Eli0t

sr. member

Activity: 252

Merit: 250

Quote from: yourstruly on March 24, 2014, 09:21:00 PM

Quote from: Eli0t on March 24, 2014, 09:19:17 PM

so why would people mine altcoins and get paid in blackcoins? if you have to sell blackcoins to get a return doesnt that defeat the point of the coin?

Stable store of value in the long run and its a currency that has a very small energy footprint.

the energy footprint of blackcoin is irrelevant if the mining is done using other coins

yourstruly

sr. member

Activity: 308

Merit: 250

thrasher.

Quote from: Eli0t on March 24, 2014, 09:19:17 PM

so why would people mine altcoins and get paid in blackcoins? if you have to sell blackcoins to get a return doesnt that defeat the point of the coin?

Stable store of value in the long run and its a currency that has a very small energy footprint.

Eli0t

sr. member

Activity: 252

Merit: 250

so why would people mine altcoins and get paid in blackcoins? if you have to sell blackcoins to get a return doesnt that defeat the point of the coin?

yourstruly

sr. member

Activity: 308

Merit: 250

thrasher.

Quote from: jonnysomething on March 18, 2014, 03:43:30 PM

I believe BC has a chance. I think they fucked up BIG TIME by putting out the beta multipool. That was a unique idea that they should have done everything they could to perfect during a private beta. Now, other coins have multipools up doing the same thing as blackcoin while the blackcoin pool is down to finish development. Is MintCoin's multipool in beta or perm?

Either way, BlackCoin shot itself in the foot and now has to hobble along hoping it heals right.

The hash rate isn't nearly the same, and Mintcoin still has still a hybrid so doesn't benefit as much from the multipool as blackcoin does. I agree though the launch could have went better.

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: humaniterrian on March 20, 2014, 01:33:16 PM

Quote from: MuffinMaster on March 18, 2014, 03:25:06 PM

First ever PoS coin to have solved the forking issue (almost 30 days old and no fork)

Can someone explain what makes this POS more immune from forking than other POS?

Reading this post, there seems to be concerns and realities that pure POS can run into "nothing at stake" attacks.

https://bitcointalksearch.org/topic/what-challenges-would-a-pure-proof-of-stake-coin-face-316813

So, is the fact that there is no fork, just luck, or some inherent function in the programming?

I think it might be partly due to staking being possible every 8 hours. Not sure though.

humaniterrian

newbie

Activity: 1

Merit: 0

Quote from: MuffinMaster on March 18, 2014, 03:25:06 PM

First ever PoS coin to have solved the forking issue (almost 30 days old and no fork)

Can someone explain what makes this POS more immune from forking than other POS?

Reading this post, there seems to be concerns and realities that pure POS can run into "nothing at stake" attacks.

https://bitcointalksearch.org/topic/what-challenges-would-a-pure-proof-of-stake-coin-face-316813

So, is the fact that there is no fork, just luck, or some inherent function in the programming?

MuffinMaster

sr. member

Activity: 1414

Merit: 265

Pepemo.vip

Quote from: Fraxinus on March 20, 2014, 01:48:59 AM

Nice writing up this piece

Check the blackcoin thread for more info
https://bitcointalksearch.org/topic/ann-blacknet-ibo-for-blackcoin-new-code-pos-no-ico-469640

I have that on the OP

Some hilarious drama from yesterday that was used to as an excuse to load up on cheap coins. Price is sitting where it was yesterday morning.

Fraxinus

legendary

Activity: 1274

Merit: 1000

Nice writing up this piece

Check the blackcoin thread for more info
https://bitcointalksearch.org/topic/ann-blacknet-ibo-for-blackcoin-new-code-pos-no-ico-469640

dzimbeck

legendary

Activity: 2412

Merit: 1044

This will make anyone who invests in it very rich. Thats my opinion. The idea for the multipool is the most brilliant thing I have ever heard. They are taking value out of other shitcoins and I think everyone can support seeing Doge get sucked into the black hole!! In reality... all that needs to happen is the devs need to stay focused and honest. I really hope they do because they have come into something very brilliant that other coins will only want to copy. I saw black perform well in a down market! That says something. Their pool will easily become the biggest.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: willowfoot on March 19, 2014, 03:09:34 PM

Quote from: MuffinMaster on March 19, 2014, 02:57:07 PM

Quote from: minerfool on March 19, 2014, 02:52:11 PM

10000 blocks is only about 6-7 days.

so yeah like everyone else is saying ... instamined ...

And why 1%, no one is going to hold the coin for 1% annual interest

I think we have a last place finisher in the reading comprehension race.

fyi.. there was 23 gh on BC at one point. there is a ton of people with coins, which I explained on the first post, no 1 person holds more then 2%. Very few hold more then 500k (less then 20)

How do you know no one person holds more than 2% and few hold less than 500k ... can you prove it?

If you have enough determination try check history of all top bags.
I have observed them and i can tell you that many 1st top place was big GPU/ASICs farm but they
almost all cashed out that is why price was driven to 500...
when they went out price recovered.
BTW Blackcoin in 5day had 50Ghs / 400+ diff !! when price was about 3500 sat.
average speed was 10-20 Ghs... (with maybe 2-3 days of 3-9Ghs)

Later price was sitting @500 not many were interested so not us fault that some has missed train Sad

You can always wait to next correction to jump but price can be much higher than now.

Sorry brothers that wasn't instamined... Like (PLNc hundred block in few mins)
I was there and i can assure you it was hard to mine BC it was sometimes profitable sometimes i have mined below cost especially last days...
10-12Ghs network and price 1000sat.
Most miners dumped BC as soon as they could and jumped to another coin.

willowfoot

sr. member

Activity: 332

Merit: 252

Quote from: MuffinMaster on March 19, 2014, 02:57:07 PM

Quote from: minerfool on March 19, 2014, 02:52:11 PM

10000 blocks is only about 6-7 days.

so yeah like everyone else is saying ... instamined ...

And why 1%, no one is going to hold the coin for 1% annual interest

I think we have a last place finisher in the reading comprehension race.

fyi.. there was 23 gh on BC at one point. there is a ton of people with coins, which I explained on the first post, no 1 person holds more then 2%. Very few hold more then 500k (less then 20)

How do you know no one person holds more than 2% and few hold less than 500k ... can you prove it?

Topic: Blackcoin and why it could be really big // Intro to Blackcoin (Read 3905 times)