[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[jamieb81]

That's two full weeks of promo! If not more.

Two full weeks of bonusses to the miners.

That can be a LOT of buying power on BC from the pool alone !

+1

@muffinmaster:

It will be a one to two week promo.

perfect ! I missed that part

Ahh that's cool I thought it was only this friday

[Degolep]

I think these 100k+BC should be used only for promotion and for development of BC instead of rewarding blackcoinmultipool miners. Looking at it longterm it should be more profitable than a few miners getting a few ten or hundred extra BC.

[Soepkip]

I think these 100k+BC should be used only for promotion and for development of BC instead of rewarding blackcoinmultipool miners. Looking at it longterm it should be more profitable than a few miners getting a few ten or hundred extra BC.

These donations have all been gathered for this sole purpose: to promote the multipool.

[mikenz]

the (centralized body) is already exist and work to manipulate the community behind the scene, there are 72 mil BC out there, and i want the big holders to take there responsability in front of the comunity and show themselfs in light

Yes, the whales should take their responsibility and identify themselves. Be fair - register right here in the forum with full name and postal address! I also ask to donate a fair share of your BC to every community member. Its just fair as it will promote the coin-distribution and boost confidence in Blackcoin! Come on guys - nobody needs so much cash!!

 


I really love the optimism and all the activities and ideas of the community members here (even though I -sometimes- have to think the average age of many authors here is like ..15? )

[keshuker]

Nice that the Blackcoin community gets some recognition. Go Soepkip and rat4

http://www.cryptoarticles.com/crypto-news/2014/4/3/mintcoin-vulnerability-fixed-with-help-from-blackcoin-community

[jdebunt]

Nice that the Blackcoin community gets some recognition. Go Soepkip and rat4

http://www.cryptoarticles.com/crypto-news/2014/4/3/mintcoin-vulnerability-fixed-with-help-from-blackcoin-community

I like it when people post my articles even before I get the chance lol , ty

[MuffinMaster]

Nice that the Blackcoin community gets some recognition. Go Soepkip and rat4

http://www.cryptoarticles.com/crypto-news/2014/4/3/mintcoin-vulnerability-fixed-with-help-from-blackcoin-community

<3

[hellyeahent]

Hi guys,

I'm very interested in BC but can't understand everything. Could you clarify, please ? Would be very grateful

1. Is there only 74 mil of BC right now right ? Why not 100 M ?
2. How this multipool will reward miners, that's why you donate to promote it ? (pay miners ? How much you will pay them if yes ? ) Won't they stop mining after you stop donations ?
3. There is very low network hashrate. Couldn't BC network be somehow attacked ?
4. I viewed 1 of last blocks. There was ~40BC POS for blockfounder. Where is that comes from ? (fees was 0 )


thanks!

[maarx]

Hi guys,

I'm very interested in BC but can't understand everything. Could you clarify, please ? Would be very grateful

1. Is there only 74 mil of BC right now right ? Why not 100 M ?
2. How this multipool will reward miners, that's why you donate to promote it ? (pay miners ? How much you will pay them if yes ? ) Won't they stop mining after you stop donations ?
3. There is very low network hashrate. Couldn't BC network be somehow attacked ?
4. I viewed 1 of last blocks. There was ~40BC POS for blockfounder. Where is that comes from ? (fees was 0 )


thanks!

Hi hellyeahent,

Welcome, let me answer your questions:

1. Block time is 1 minute. First 5000 blocks were POW. After block 5000, POS kicked in- so is POW+POS. After 10.000 blocks would be POS only. Every POW block generated 10.000 blackcoins. Total supply after 5000 blocks: 5000 * 10.000 = 50.000.000. After that, half of the blocks were POS, the other half were POW. So approximately 2500 more POW blocks = 25.000.000 supply, and approx. 2500 POS blocks = 1% (yearly) on that current supply. That's how come we are at ~ 74.4 million

2. The rewards will be in two ways: 1/ the bonusses, 2/ the increasing price. We hope that nobody in their right mind sells a coin (twice) that will be worth more the day after, and the day after.

3. BC is PoS only. The known vulnerability so far is if someone has 51% of the coins, or if someone can pre- compute the chain. Neither seem a threat.

4. 40 BC POS is generated by the system (part of the 1% annual compound interest). It's someone who has kept his wallet closed for a while. If you open your wallet, your coins will stake and generate BC/stake from POS block

Hope this answers your questions !

[keshuker]

Hi guys,

I'm very interested in BC but can't understand everything. Could you clarify, please ? Would be very grateful

1. Is there only 74 mil of BC right now right ? Why not 100 M ?
2. How this multipool will reward miners, that's why you donate to promote it ? (pay miners ? How much you will pay them if yes ? ) Won't they stop mining after you stop donations ?
3. There is very low network hashrate. Couldn't BC network be somehow attacked ?
4. I viewed 1 of last blocks. There was ~40BC POS for blockfounder. Where is that comes from ? (fees was 0 )


thanks!

Hi hellyeahent,

Welcome, let me answer your questions:

1. Block time is 1 minute. First 5000 blocks were POW. After block 5000, POS kicked in- so is POW+POS. After 10.000 blocks would be POS only. Every POW block generated 10.000 blackcoins. Total supply after 5000 blocks: 5000 * 10.000 = 50.000.000. After that, half of the blocks were POS, the other half were POW. So approximately 2500 more POW blocks = 25.000.000 supply, and approx. 2500 POS blocks = 1% (yearly) on that current supply. That's how come we are at ~ 74.4 million

2. The rewards will be in two ways: 1/ the bonusses, 2/ the increasing price. We hope that nobody in their right mind sells a coin (twice) that will be worth more the day after, and the day after.

3. BC is PoS only. The known vulnerability so far is if someone has 51% of the coins, or if someone can pre- compute the chain. Neither seem a threat.

4. 40 BC POS is generated by the system (part of the 1% annual compound interest). It's someone who has kept his wallet closed for a while. If you open your wallet, your coins will stake and generate BC/stake from POS block

Hope this answers your questions !

Just a clarification on nr 2.
The multipool mines other coins, sells them for btc and buys bc. This is the main purpose of the multipool.

The promotion will give bonus bc to the miners as an extra to what you have already mined through the other coins

[virtualfaqs]

which community? you?
the (centralized body) is already exist and work to manipulate the community behind the scene, there are 72 mil BC out there, and i want the big holders to take there responsability in front of the comunity and show themselfs in light
i think who ignore this idea need to learn a lot in life

Ok. What are you going to teach me about life?

[btcprice]

The multipool purchase of blackcoin is done manually right?
 Maybe whoever does the purchasing could maybe keep an eye out for this guy's big sell walls and relieve him of some of his coins? Might make him less likely to throw his weight around since the purchase is randomly done.
 

I've asked this before. If the purchase of blackcoin is done manually how do we know all the proceeds from "mining" go to the purchase of blackcoin? How do we know some isn't being siphoned off to whomever is doing the purchasing?

Also, how do we know that these individuals aren't buying up blackcoin of their own before the purchase from "mining" is done?

[btcprice]

the (centralized body) is already exist and work to manipulate the community behind the scene, there are 72 mil BC out there, and i want the big holders to take there responsability in front of the comunity and show themselfs in light

Yes, the whales should take their responsibility and identify themselves. Be fair - register right here in the forum with full name and postal address! I also ask to donate a fair share of your BC to every community member. Its just fair as it will promote the coin-distribution and boost confidence in Blackcoin! Come on guys - nobody needs so much cash!!

 


I really love the optimism and all the activities and ideas of the community members here (even though I -sometimes- have to think the average age of many authors here is like ..15? )

I certainly hope you're joking.

What's fair is that no one, not even whales, should have to identify themselves. That's one of the fundamental good qualities of cryptocurrency.

What is also fair is that owners of cryptocurrency shouldn't have to listen to beggars asking for the whales to distribute their coins. The beggars can go out and invest their own money and take risks in order to make their own profit.

[mrwalker1750]

Blackcoin to $100 !!!!

[mrbenjie]

Blackcoin to $100 !!!!

let''s do this!!
that wil make me a miljonair of more then 21 milj

[IconicExpert]

Blackcoin to $100 !!!!

let''s do this!!
that wil make me a miljonair of more then 21 milj

Cool ... Anyone with 10,000 or more coins @ $100 will become a millionaire! The funny thing is...it is not a unrealistic number.

[mrbenjie]

Blackcoin to $100 !!!!

let''s do this!!
that wil make me a miljonair of more then 21 milj

Cool ... Anyone with 10,000 or more coins @ $100 will become a millionaire! The funny thing is...it is not a unrealistic number.

Make my day!!
:-):-) 

[mrbenjie]

Ok. I have rent a altminer for tomorrow.
This one is  SHA with 190-195 GH/s.
Not much...but better then nothing.
Rent it for 2 days.

[mr_random]

Blackcoin to $100 !!!!

let''s do this!!
that wil make me a miljonair of more then 21 milj

Cool ... Anyone with 10,000 or more coins @ $100 will become a millionaire! The funny thing is...it is not a unrealistic number.

Exactly. We just need to be patient and hold our nerve. This community is growing daily and I expect great things to happen in the next 4 weeks. A 500% increase in value in the next 2 months seems realistic. In fact that's being bearish.

[micryon]

If bitcoin prices hold.. I'm inclined to agree that this should increase..

But everything is dependent on bitcoin crash (or hold)