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

[jamieb81]

clap clap clap!

that Sir, is very well said!

[draco71]

Look. There are hundreds of crypto currencies. About 90% of them are laughable jokes (marscoin) or absurd appeals to a small market within a small market (spaincoin). About 10% are actually attempts to reengineer the nature of what Satoshi did (NXT). The 90% will fail. Of the 10%, the ones that succeed will be the ones that keep it simple and strike a transparent, equitable balance between private holdings and wide distribution, and between inflation and deflation. OF THOSE, BlackCoin is the only one that appears to have the community, plan and infrastructure to actually make it so.

That, friends, is how we came to the decision to start accepting BlackCoin. What happens overnight or next week is irrelevant. You need more merchants, more casinos, more people storing their value in the currency; and I'm telling you that if you are concerned with overnight prices and pumping or dumping, you are missing the larger point. BlackCoin -- if it isn't wrecked by mischief and speculation -- has the potential to eclipse Lightcoin by the end of the year. I genuinely believe that. Stop trying to tout it as a casino. That's what other alts are for. This is something different. If you narrow down all the possibilities by the criteria I outlined above, you'll see this is an amazing investment, not something you should be trying to hype for a short-term profit. Simple as that.

Well put !!! Read and learn, because that is the difference between an investor/businessman and a toddler that likes to play with 100 sat up/down, P&Ds, speaks about "whales" and rubbish like that in order to gain 0.1 BTC.

Hats off Sir, hats off !!!

 

[yourstruly]

Well I'm off to work on building the first Blackcoin centric exchange, I hope mintpal starts offering it before I finish but I will be working on this regardless. I will have more details about this project in the near future. Basically we will offer

BC <-> BTC
BC <-> LTC
BC <-> DOGE
..etc

Allowing anyone to trade directly into BC. We will keep the markets limited to major targets so we can maintain good liquidity on all of our markets. If anyone is working on a multipool and wants to partner up I would be willing give you a REST API to buy BC with zero fees to maximize profits for your miners. If I cannot find a multipool starting I will start an open source one to get the ball rolling.

If anyone has any specific questions they can PM me.

[cryptoba]

Hi,

To you all person who think they are computer intelligent and decide to scam people:

It's not because you fuck people behind a screen that god does not see you...

The Matrix is watching you...

So you believe in God yet also believe in the Matrix.. hmm sorry but that's incompatible. or are you a member of the Scientology lol

Incompatible, lol...I believe in the incmpatibility of the compatibility...Scientology, lol...

Sorry, I believe in the compatibility of the incompatibility...

High on coins...

[IconicExpert]

$5 in 6 months? That would mean marketcap is $400 million. That's the LTC market cap. Not impossible, but as much as I love this Blackcoin, I don't see that happening. That would mean faster growth then even BTC and I think that time is gone.

One word: Auroracoin

Look. There are hundreds of crypto currencies. About 90% of them are laughable jokes (marscoin) or absurd appeals to a small market within a small market (spaincoin). About 10% are actually attempts to reengineer the nature of what Satoshi did (NXT). The 90% will fail. Of the 10%, the ones that succeed will be the ones that keep it simple and strike a transparent, equitable balance between private holdings and wide distribution, and between inflation and deflation. OF THOSE, BlackCoin is the only one that appears to have the community, plan and infrastructure to actually make it so.

That, friends, is how we came to the decision to start accepting BlackCoin. What happens overnight or next week is irrelevant. You need more merchants, more casinos, more people storing their value in the currency; and I'm telling you that if you are concerned with overnight prices and pumping or dumping, you are missing the larger point. BlackCoin -- if it isn't wrecked by mischief and speculation -- has the potential to eclipse Lightcoin by the end of the year. I genuinely believe that. Stop trying to tout it as a casino. That's what other alts are for. This is something different. If you narrow down all the possibilities by the criteria I outlined above, you'll see this is an amazing investment, not something you should be trying to hype for a short-term profit. Simple as that.

Without hype no coin can survive. Bitcoin wouldn't be worth $580.00+ without hype. Dogecoin wouldn't be where it is without hype. Yes you need all of the above as well, but without hype no one knows it exists. It goes hand in hand. Also, not everyone is here for the same reason. I will support the community as much as I can to see the coin succeed, but lets be realistic here. We ARE ALL here to make money.

[nlrobbie]

The chart looks reasonable... good support around 7000 but when it gets below you will see a sell off i think.

[ssaCEO]

$5 in 6 months? That would mean marketcap is $400 million. That's the LTC market cap. Not impossible, but as much as I love this Blackcoin, I don't see that happening. That would mean faster growth then even BTC and I think that time is gone.

One word: Auroracoin

Look. There are hundreds of crypto currencies. About 90% of them are laughable jokes (marscoin) or absurd appeals to a small market within a small market (spaincoin). About 10% are actually attempts to reengineer the nature of what Satoshi did (NXT). The 90% will fail. Of the 10%, the ones that succeed will be the ones that keep it simple and strike a transparent, equitable balance between private holdings and wide distribution, and between inflation and deflation. OF THOSE, BlackCoin is the only one that appears to have the community, plan and infrastructure to actually make it so.

That, friends, is how we came to the decision to start accepting BlackCoin. What happens overnight or next week is irrelevant. You need more merchants, more casinos, more people storing their value in the currency; and I'm telling you that if you are concerned with overnight prices and pumping or dumping, you are missing the larger point. BlackCoin -- if it isn't wrecked by mischief and speculation -- has the potential to eclipse Lightcoin by the end of the year. I genuinely believe that. Stop trying to tout it as a casino. That's what other alts are for. This is something different. If you narrow down all the possibilities by the criteria I outlined above, you'll see this is an amazing investment, not something you should be trying to hype for a short-term profit. Simple as that.

Without hype no coin can survive. Bitcoin wouldn't be worth $580.00+ without hype. Dogecoin wouldn't be where it is without hype. Yes you need all of the above as well, but without hype no one knows it exists. It goes hand in hand. Also, not everyone is here for the same reason. I will support the community as much as I can to see the coin succeed, but lets be realistic here. We ARE ALL here to make money.

Bitcoin wouldn't be worth that much without press. Positive and negative press, that's what got the wider investment community interested. BlackCoin is still too young for that kind of press. No twitter hype and no forum con is going to convince Business Week to write an article about BlackCoin. The only thing that will give it that exposure is slow, steady growth and hammering home the fundamental fact that it's a PoS coin, it's a blackhole for the other alts, and it's no longer being minted. Those are the things that make it an attractive alternative to BTC as a store of value. If you add to that more exchanges and more merchants, anything is possible.
"Hype" is a relative thing. Hype among alt-coin speculators is just a quick boom followed by a quicker bust. Hype among mainstream investors requires a lot more diligence and time. I'm not against the latter kind of hype, provided that it's justified. I just don't want to see the former destroy the currency before it has a chance to bring in more merchants and a more stable base.
All I'm saying is that the mechanics of this coin are too good to be wasted on a P&D. If they are, another coin will arise with the same mechanics as BlackCoin, or something very similar; but if expectations are managed well right now, and the focus is on growing an economy rather than what happens by the end of the week, then our effort won't have been in vain.

[StolenCoinSalesman]

I have a question these top 3 wallets have each gained % over the past day. Ok, but the % is real close to the same for each of them. First look I seen 15% for each, then 8% for each now 7% for each. Why would they be going up the same % each time.

[flinchy]

any prediction on price within the next 6-12 months?

1 USD
edit: if all goes well

6 months 10$ in 12 months 200$

I am as optimistic as the next guy, but do you really think BlackCoin will reach $10 in 6 months and in 12 months reach $200? Besides 42 Coin and Bitcoin, no other coin has come close to $200 per coin. I think $10.00 in 12 months is more realistic, unless you know something I do not know?

I'm optimistic too, but anyone can pull out numbers...

How about:

8,75$ in 6 months
122,44$ in one year

 

I know it's a bit off topic; but is normal for you to use a (,) instead of a (.) to separate between dollars and cents?  In the US, we use (.)  

Yes, in Canada (and maybe anywhere that use metric system?)

You guys are crazy given the market cap. It's at $0.04 now. In 6 months to 12 months, I'd say $0.50-$1. In 2 years, $3-$5. We have 3x as many BTC in our market cap, so our jump should not be so crazy.

exactly.. we have 21m BTC cap, and about 60 million black coin right? so if blackcoin is only $5 each, that's less than 1/100 the CURRENT price of bitcoin, or only 1/33 the market cap... if bitcoin had a 10bn market cap, blackcoin would only have 300 million

$5 is nothing for blackcoin.

[mellomike]

I have a question these top 3 wallets have each gained % over the past day. Ok, but the % is real close to the same for each of them. First look I seen 15% for each, then 8% for each now 7% for each. Why would they be going up the same % each time.

They are wallets for the exchanges ... and exchanges usually change by the same percent ..

[ebruwifxnx]

Stop dumping for the love of christ. Everytime we get past 7600 some idiot dumps back to 7400 rather than staggering their sell orders nicely for a smoother and more profitable exit. I cannot wait for the multipool to kick in again and burn these assholes out of their presumed profits.

Its called opportunity cost and a key to all economics. As price rises some value the USD value more than the BC value. The larger quantity in the sell category, the more the price will fall. When you have large percentage movements like you have seen in the past couple of days, the more sellers there are who take profits. Although I would like the price go up, small movements are the healthiest and lead to well established buy walls and stable price movements. People will sell, people will buy just sit back and enjoy the ride if you have faith in the coin.

[ebruwifxnx]

I have a question these top 3 wallets have each gained % over the past day. Ok, but the % is real close to the same for each of them. First look I seen 15% for each, then 8% for each now 7% for each. Why would they be going up the same % each time.

They are wallets for the exchanges ... and exchanges usually change by the same percent ..

It might be a bug or possibly the same person accumulating coins in 3 addresses to give the illusion of 3 holders. Lets hope its the former and not the latter since the amount of coins he has could easily be used to manipulate and control the market, not to mention leads to far less decentralization.

[tabnk]

Price dropping .

[draco71]

Yes, it is only 40% up from the opening today.

[bitcoin carpenter]

if you guys want to see a stable 10k by then of the week, I mean one that big holders can sell a few btc's worth without dropping the price, you will be happy if the price does not rise more than 5% for a few days....

all this buy buy buy with no orderbook fill in is making me jumpy

[IconicExpert]

Bitcoin wouldn't be worth that much without press. Positive and negative press, that's what got the wider investment community interested. BlackCoin is still too young for that kind of press. No twitter hype and no forum con is going to convince Business Week to write an article about BlackCoin. The only thing that will give it that exposure is slow, steady growth and hammering home the fundamental fact that it's a PoS coin, it's a blackhole for the other alts, and it's no longer being minted. Those are the things that make it an attractive alternative to BTC as a store of value. If you add to that more exchanges and more merchants, anything is possible.
"Hype" is a relative thing. Hype among alt-coin speculators is just a quick boom followed by a quicker bust. Hype among mainstream investors requires a lot more diligence and time. I'm not against the latter kind of hype, provided that it's justified. I just don't want to see the former destroy the currency before it has a chance to bring in more merchants and a more stable base.
All I'm saying is that the mechanics of this coin are too good to be wasted on a P&D. If they are, another coin will arise with the same mechanics as BlackCoin, or something very similar; but if expectations are managed well right now, and the focus is on growing an economy rather than what happens by the end of the week, then our effort won't have been in vain.

I agree with most of what you wrote. However, what kills most coins has less to due with P&D, clones, or even over hyping. Most coins die because the developers are teenagers in a foreign country trying to make  quick money and know very little about development. They have no interest in supporting the coin long term, and when the coin reaches a predetermined level they cash out. So I do not believe that BlackCoin will die because someone in a forum or Twitter over hypes it.

[vizique]

............... Most coins die because the developers are teenagers in a foreign country trying to make  quick money and know very little about development. They have no interest in supporting the coin long term, and when the coin reaches a predetermined level they cash out. So I do not believe that BlackCoin will die because someone in a forum or Twitter over hypes it.

QFT

[jsalert]

For those who are interested in the ongoing updates for work happening with the mining pool:

http://pastebin.com/hJjZrXt0

Looks like they are getting fixes on and will be back up soon.

[draco71]

One more day concluded.

Open: 0.00005390
Close: 0.00007555
Diff: ~ 44% up

Not bad I think ...

[funsponge]

#ultracoin confirms in 20 seconds!