BlackCoin (BC) expected to get higher with its price

Hollowman338

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Quote from: Hollowman338 on March 14, 2014, 06:43:04 PM

Quote from: illodin on March 14, 2014, 06:39:11 PM

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.

Let's say on April 14th, the price is 800 satoshis. Then I would send you 1 BTC?
And if the price is 2400 satoshis, you would send me 1 BTC?

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

I'm surprised no such platform has emerged yet to support coin futures.

It would seem that such feature would give even more motivation for people to spread fud and lies. Not sure if it would be a good thing.

No, you still send me 2 BTC, paying 1600 satoshis per blackcoin regardless of price. If Blackcoin is at 800 satoshis, you'd be paying 2 BTC for 1 BTC worth of blackcoin. Then again, if the price is 4800 satoshis per BC one month from now, I still have to sell you 125k BC @ 1600 satoshis. You'll get 6 BTC worth of blackcoin for 2 BTC.

Never did have any takers. Cheesy

A futures market really would put a bullet in the head of all of this pump and dump bullshit.

master-P

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https://keybase.io/masterp FREE Escrow Service

Quote from: Fraxinus on March 14, 2014, 11:04:55 AM

Quote from: master-P on March 14, 2014, 10:41:30 AM

What sets this BlackCoin apart from the next CloneCoin pump-and-dump?

There are lots of things, .just check out the main thread.
https://bitcointalksearch.org/topic/ann-blacknet-ibo-for-blackcoin-new-code-pos-no-ico-469640

It the first PoW/PoS coin, now fully PoS.
It has 1% interest (witch is far better then for example 20%) because it is only 1% inflation instead of 20%.
It has 0% premine, with great and active community.
The coins are rather fairly distributed unlike NXT, check the top 100 richest adresses.

Oh and the best part: it is still massively undervalued even with the latest rises.
The coin was being selled at 3000 sat while the PoW was in progress wich is double the price from now.

Yeah, and BBQ coin was undervalued after I dumped every 2k BBQs for 1 BTC.

In fact, it's even dropped in value 10-fold since then.

And we had a great community too Wink

illodin

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Activity: 966

Merit: 1003

Quote from: Hollowman338 on March 14, 2014, 06:43:04 PM

No, you still send me 2 BTC, paying 1600 satoshis per blackcoin regardless of price. If Blackcoin is at 800 satoshis, you'd be paying 2 BTC for 1 BTC worth of blackcoin. Then again, if the price is 4800 satoshis per BC one month from now, I still have to sell you 125k BC @ 1600 satoshis. You'll get 6 BTC worth of blackcoin for 2 BTC.

Ok now I get it how it could be done, thanks for explaining.

Hollowman338

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Activity: 1246

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Quote from: illodin on March 14, 2014, 06:39:11 PM

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.

Let's say on April 14th, the price is 800 satoshis. Then I would send you 1 BTC?
And if the price is 2400 satoshis, you would send me 1 BTC?

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

I'm surprised no such platform has emerged yet to support coin futures.

It would seem that such feature would give even more motivation for people to spread fud and lies. Not sure if it would be a good thing.

No, you still send me 2 BTC, paying 1600 satoshis per blackcoin regardless of price. If Blackcoin is at 800 satoshis, you'd be paying 2 BTC for 1 BTC worth of blackcoin. Then again, if the price is 4800 satoshis per BC one month from now, I still have to sell you 125k BC @ 1600 satoshis. You'll get 6 BTC worth of blackcoin for 2 BTC.

illodin

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Activity: 966

Merit: 1003

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.

Let's say on April 14th, the price is 800 satoshis. Then I would send you 1 BTC?
And if the price is 2400 satoshis, you would send me 1 BTC?
What if the price is 16000 satoshis?

Quote from: Hollowman338 on March 14, 2014, 06:31:37 PM

I'm surprised no such platform has emerged yet to support coin futures.

It would seem that such feature would give even more motivation for people to spread fud and lies. Not sure if it would be a good thing.

jonnysomething

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Activity: 98

Merit: 10

I'm very interested in BlackCoin - it's found a way to be self-sustainable without having the market flooded with coins. It may have no place now, but if it holds it's value for more than a month then something might happen. That's why you should hold. If you think that dumping your coins and trying to find another one to make a quick profit off of helps crypto, you're wrong.

As long as the dev doesn't dump and run, this coin could actually do something.

damiano

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Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: stealth923 on March 14, 2014, 06:30:13 PM

Anyone invested into BC is not thinking clearly or likes the risk of jumping on the pump n dump train.

Have you not thought further ahead to say why should I even hold this coin - what can you do with it? You cannot purchase things, there's no services, no outlook for the coin besides "lets raise the value artificially by taking value from other shitcoins"

Good luck to you all

The same can be said for all alt coins almost

illodin

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Activity: 966

Merit: 1003

Quote from: stealth923 on March 14, 2014, 06:30:13 PM

Have you not thought further ahead to say why should I even hold this coin - what can you do with it? You cannot purchase things, there's no services, no outlook for the coin besides "lets raise the value artificially by taking value from other shitcoins"

There are no services for any of the coins in the scale that would really matter. It's all just speculation at this point. Except maybe for bitcoin.

goodluck0319

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Activity: 420

Merit: 250

2 x 290 (non x), how many BC I can get per day?

Hollowman338

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Activity: 1246

Merit: 1000

Quote from: illodin on March 14, 2014, 06:27:27 PM

Quote from: Hollowman338 on March 14, 2014, 06:25:05 PM

Quote from: illodin on March 14, 2014, 05:42:26 PM

Quote from: Hollowman338 on March 14, 2014, 02:44:38 PM

I'd short the shit out of this if I could.

Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?

How would that work exactly?

We agree to a transaction wherein I send you 125,000 BC at the price point of 1600 satoshis (2 BTC). If the price rockets and stays there, you win and I lose. If it crashes back to 500 (anything less than 1600), I win and you lose.

I still don't get it. You send me 125k and I send you 2 BTC?

On April 14th, one month from now. You're speculating that BC will be equal to or higher than .00001600 BTC/BC one month from now. I'm speculating that it will be lower. Really not feasible without a 3rd party, as you're trusting the opposite end of the deal to hold their end of the bargain.

I'm surprised no such platform has emerged yet to support coin futures.

http://www.investopedia.com/terms/f/futurescontract.asp

Quote

Definition of 'Futures Contract'

A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

stealth923

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Activity: 1036

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Anyone invested into BC is not thinking clearly or likes the risk of jumping on the pump n dump train.

Have you not thought further ahead to say why should I even hold this coin - what can you do with it? You cannot purchase things, there's no services, no outlook for the coin besides "lets raise the value artificially by taking value from other shitcoins"

Good luck to you all

illodin

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Activity: 966

Merit: 1003

Quote from: Hollowman338 on March 14, 2014, 06:25:05 PM

Quote from: illodin on March 14, 2014, 05:42:26 PM

Quote from: Hollowman338 on March 14, 2014, 02:44:38 PM

I'd short the shit out of this if I could.

Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?

How would that work exactly?

We agree to a transaction wherein I send you 125,000 BC at the price point of 1600 satoshis (2 BTC). If the price rockets and stays there, you win and I lose. If it crashes back to 500 (anything less than 1600), I win and you lose.

I still don't get it. You send me 125k and I send you 2 BTC?

Hollowman338

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Activity: 1246

Merit: 1000

Quote from: illodin on March 14, 2014, 05:42:26 PM

Quote from: Hollowman338 on March 14, 2014, 02:44:38 PM

I'd short the shit out of this if I could.

Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?

How would that work exactly?

We agree to a transaction wherein I send you 125,000 BC at the price point of 1600 satoshis (2 BTC). If the price rockets and stays there, you win and I lose. If it crashes back to 500 (anything less than 1600), I win and you lose.

illodin

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Activity: 966

Merit: 1003

Quote from: Hollowman338 on March 14, 2014, 02:44:38 PM

I'd short the shit out of this if I could.

Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?

How would that work exactly?

Zackgeno96

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Activity: 1778

Merit: 520

Quote from: master-P on March 14, 2014, 10:41:30 AM

What sets this BlackCoin apart from the next CloneCoin pump-and-dump?

you can't mine it anymore, you half to buy it and that's why we set up a multipool so miners can still mine it, while giving it constant buy support

Hollowman338

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Activity: 1246

Merit: 1000

I'd short the shit out of this if I could.

Who wants an April 14th contract for 125,000 blackcoin @ 1600 satoshis?

goldmaxx

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Merit: 1000

Quote from: chesthing on March 14, 2014, 01:34:19 PM

Quote from: scottlilo on March 14, 2014, 12:36:33 PM

This is one of the most fascinating things to happen in a long time I think.

Mining on the BC pool would generate BC for the miner, while driving up value of coins for everyone. This is revolutionary. Expect to see a lot more people try to use this idea.

And what's going to happen to the value of the coins being used to inflate the value of bc? what does bc do that other coins don't, other than be harder to obtain and having this multipool experiment idea?
Btw I'm damn sorry I sold my coins at 1250 the other day, but I'll be damned if I will jump in now - epic dump incoming.

You are a funny man :-)

chesthing

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Activity: 1414

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Quote from: scottlilo on March 14, 2014, 12:36:33 PM

This is one of the most fascinating things to happen in a long time I think.

Mining on the BC pool would generate BC for the miner, while driving up value of coins for everyone. This is revolutionary. Expect to see a lot more people try to use this idea.

And what's going to happen to the value of the coins being used to inflate the value of bc? what does bc do that other coins don't, other than be harder to obtain and having this multipool experiment idea?
Btw I'm damn sorry I sold my coins at 1250 the other day, but I'll be damned if I will jump in now - epic dump incoming.

lphelps

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Activity: 92

Merit: 10

pardon my ignorance, but what the hell is it good for?? just another crypto currency that tries to get everyone to jump in and pump it up and then dump it..

this is turning into another penny stock fiasco like on Wall Street. A new coin comes out every god damn day and it dilutes the market and takes away from
other better coins..

scottlilo

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Activity: 101

Merit: 10

This is one of the most fascinating things to happen in a long time I think.

Mining on the BC pool would generate BC for the miner, while driving up value of coins for everyone. This is revolutionary. Expect to see a lot more people try to use this idea.

Topic: BlackCoin (BC) expected to get higher with its price (Read 3406 times)