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

[MuffinMaster]

Question: Will Blackcoin be all that it can be if Bitcoin falls away?

Believe me I'm not trolling. I'm Blackcoin's biggest fan. I'm just asking a serious question.

Thanks!

tough question. Currently bitcoin has broken through key support, blackcoin is holding above high key support (9k).

Won't know for a while. I'm keeping all my Blackcoin right now though. I think people are going to adopt the wait and see approach. Who knows people may say fuck it and switch to blackcoin while bitcoin dumps. cash out directly via prelude.io.

[digicidal]

I am neither worried about my stake nor do I want to point to any downside of PoS coins, I saw this whole more as an open-minded discussion what in theory might be possible. I agree on all your points, except that the influence on the price you mention in point 2 can probably be reduced significantly with an appropriate trading strategy. Further I was just wondering what would happen if this guy would invest the required money to take over BC in hash power, will he be able to fork Doge? All these scenarios are very unrealistic and the whole point was more related to all alt coins.

In order to do that (trading strategy) would require a very long time... much longer than simply paying a few thousand to develop a sham exchange and fund a small amount on the fiat side to encourage the majority of BC volume to move to that exchange... only to fake a dump, buy the coins, and begin the laborious process of attempting to double-spend... all of which would 'smell fishy' long before it would be likely to result in anything of value (in fact just dumping the exchange and running with the cash would be easier and arguably more destructive to public opinion... a la Mt. Gox).

On the second point... it would be possible on some pools to do exactly what you've proposed... however, part of our pool (at least as it's been described by TheBlackDogOfWallSt and St. GNU) is to avoid exactly this problem by merged/split mining and 'benevolent' dumping of the mined coins.  So even if someone controlled 1Th/s of scrypt power... and pointed that at the pool... which would be enough to fork any scrypt coin in existence I believe... their hashrate would instead be spread out across multiple target coins in an attempt to avoid that from occurring.

At the end of the day, even if they were successful... the worst that would occur is they get no BC for their efforts, and a different coin gets destroyed.  Again, rest assured that these are irrational fears... there are plenty of rational fears in cryptos to worry about before wasting too much time on these extremely outside possibilities.

[blade87]

I think people are going to adopt the wait and see approach. Who knows people may say fuck it and switch to blackcoin while bitcoin dumps.

That's me. BTC is starting to approach the "I've got very little to lose at this point" prices, so I may be adding a fair amount of BC to my position soon.

The only people cashing out BTC now are those who have invested more than they could afford to lose, unfortunately.

[gonzoucab]

In reality, the biggest mitigating factor to this 'problem' with PoS coins and BC in particular - is market cap.

That's indeed a point that is also bothering me. If tomorrow somebody with a lot of money sees a threat in BC then currently he could easily just "pay the price" to destroy it completely.

Then two things must occur...

1) Enough of us who believe in the coin have to liquidate 100% of our BC to help them... the entire order book on all 3 main exchanges dealing with BC would not be enough for this...  

2) Secondarily, as there is nowhere near enough liquidity for this... the price would absolutely skyrocket... as all sells would be immediately absorbed including those that are stratospheric (like 5BTC/BC or some other crazy price).  This would immediately push the cost of monopoly to much, much higher than simply ~$1M - probably closer to ~$20M in reality.

3) This person has to have no other purpose in life other than destroying BC... although I'm sure such people exist... and probably in a pretty decent quantity... I can assure you that someone that hung up on a single crypto currency's life or death is not the kind of person to control that kind of net worth.

So I understand that either you are genuinely worried about this aspect for your personal holdings' sake - or you are simply trying to 'rebroadcast' the only downside you could find as it relates to PoS coins and BC in particular.  Regardless of your motivations, rest assured that these are irrational concerns... and merit much less fear and concern than things like government regulations, disreputable vendors, con-artists, etc.  These are all much bigger risks - not to BC alone, but all crypto currencies combined - and they take only a handful of immoral individuals or bureaucrats to succeed.

Cryoptorush guy??? hehehehehe  XD hes got a reason.

[mrbenjie]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

wtf.... are you crazy....

to bad i only have +200k, and not +300k, please can you make a donation to me so that i have 300k ore more.

thanks

[gonzoucab]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

I can donate you Mint send me your address!

[MuffinMaster]

The only people cashing out BTC now are those who have invested more than they could afford to lose, unfortunately.

That's a firesale, people dropping for a loss. Wallstreet playing the game? general market maddess?

who knows, I'm not selling any bc or btc though.

[digicidal]

In reality, the biggest mitigating factor to this 'problem' with PoS coins and BC in particular - is market cap.

That's indeed a point that is also bothering me. If tomorrow somebody with a lot of money sees a threat in BC then currently he could easily just "pay the price" to destroy it completely.

Then two things must occur...

1) Enough of us who believe in the coin have to liquidate 100% of our BC to help them... the entire order book on all 3 main exchanges dealing with BC would not be enough for this...  

2) Secondarily, as there is nowhere near enough liquidity for this... the price would absolutely skyrocket... as all sells would be immediately absorbed including those that are stratospheric (like 5BTC/BC or some other crazy price).  This would immediately push the cost of monopoly to much, much higher than simply ~$1M - probably closer to ~$20M in reality.

3) This person has to have no other purpose in life other than destroying BC... although I'm sure such people exist... and probably in a pretty decent quantity... I can assure you that someone that hung up on a single crypto currency's life or death is not the kind of person to control that kind of net worth.

So I understand that either you are genuinely worried about this aspect for your personal holdings' sake - or you are simply trying to 'rebroadcast' the only downside you could find as it relates to PoS coins and BC in particular.  Regardless of your motivations, rest assured that these are irrational concerns... and merit much less fear and concern than things like government regulations, disreputable vendors, con-artists, etc.  These are all much bigger risks - not to BC alone, but all crypto currencies combined - and they take only a handful of immoral individuals or bureaucrats to succeed.

Cryoptorush guy??? hehehehehe  XD hes got a reason.

As I said there are probably many people in the world that would love nothing more than to kill BC - although still far fewer than want to destroy BTC and LTC for similar reasons.  The difference is that Fystakitten and crew are still living at home and are about $1M short of the necessary funds.

As far as being insane, unscrupulous, and salivating at the possibility... you are undoubtedly 100% correct in your assessment.

[noerc]

At the end of the day, even if they were successful... the worst that would occur is they get no BC for their efforts, and a different coin gets destroyed.  Again, rest assured that these are irrational fears... there are plenty of rational fears in cryptos to worry about before wasting too much time on these extremely outside possibilities.

Still worth thinking about. But maybe this BCT thread isn't a very good place to do so (sadly) - I'll try on reddit or blackcointalk in future. Thanks anyway for these interesting and convincing thoughts!

[Jesse Livermore]

A Few Announcements!!!

1.) First I want to thank everyone who supported Blackout Wednesday! Our press release was read over 100,000 times on over 111 sites: https://www.google.com/search?hl=en&q=%22BlackCoin%20Popularity%20%26%20Value%20Soars%20Due%20to%20Revolutionary%22

2.) As everyone here might already know BlackCoin is being added to CoinKite! They have a debit card that can be branded and used at their shops. SoepKip notified me a few days ago about the news and a decision was made I will not longer produce a separate Visa card. We do not want to cause confusion in the marketplace, and we also do not want to incite unnecessary competition amongst ourselves. Instead, I have decided to support the CoinKite project and use my resources in helping that partnership grow.

3.) As I previously announced I will be using my own resources to quickly build a network and infrastructure around BlackCoin. I wholeheartedly disagree this coin or community should take baby steps. We need more talented people who are willing to help in any way they can to help this community grow.

4.) Finally... Today I would like to announce the BlackCoin Card Wallet. As some of you know I am software and product developer, and since CoinKite will eventually supply our debit cards, I wanted to shift focus and  create something special for the community. I contacted rat4 and Soepkip about a portable BC wallet the size of a credit card. The dev team liked the idea so I began immediately making it happen.

So what exactly is the Blackcoin Card Wallet?

The BlackCoin Card Wallet is a completely branded BC card with a pull out USB dongle. It will be loaded with a custom BlackCoin start menu and the wallet pre loaded. When you insert the wallet into your computer the menu will automatically launch, and you will have access to your wallet, current market prices, BC news, and other elements all in one place! What makes this exciting is you will not only be able to keep your wallet with you at all times, in the event you need to access your funds you will be able to do it at any Windows computer. The blockchain and all other data will already be loaded on the card. (Obviously if you do not plug the card in regularly it will take longer for it to sync). Also, the launcher will automatically update the wallet to the current version automatically.

Another benefit of the card is you can pre-load as many coins as you like and give the cards away to family and friends as "gift cards". They will not need to be tech savvy to use it! Just insert and go! This is a great way to introduce others to BlackCoin.

And lets be honest, wouldn't it be cool to walk around with a BlackCoin wallet card with the sexy logo?

Tomorrow for "Blackfriday" I will be posting pics and taking pre-orders. I am taking pre-orders because this is the first run of the product and I have no clue how much demand there will be. I do not want to under manufacture or over manufacture since there is considerable cost involved. Production time is approximately 2 weeks and I will be shipping immediately upon receipt of the product. The card will cost $19.99 (BC of course) and that includes free shipping worldwide. So if you live on a private island I will still ship it to you for free :-). The first batch created will be also branded with "Special Edition" and other cool goodies I do not want to mention just yet. Some of the proceeds from each sale will go to the dev team and back into this community to fund other projects. A website is currently being developed for the card and once we are live I will be doing a promotional campaign promoting BC and the card!!!

If this Blackcoin Wallet Card becomes reality I hope another PR is made for its launch, complete with many pictures and maybe video showing how it works. This is the type of cool, interesting thing you'd see the tech-blogging and tech media community run with and that's how you spark up a targeted interest in the coin.

Edit: nevermind, I didn't see your last sentence there. You know what's up already.

[mrdennis86]

A lot of good news yesterday! Price today is very stable... Soo... time to UP UP UP BC

[ManMachine]

uhhh BTC nearly under 300€ and under 400$!
like to see BC take the chance!

[rsx19]

bitcoin dying?

[mrdennis86]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

wtf.... are you crazy....

to bad i only have +200k, and not +300k, please can you make a donation to me so that i have 300k ore more.

thanks

donate please      B8ar6aDa1otzZ9H4qKSniExdSHgYajKx8G

[mrwalker1750]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

wtf.... are you crazy....

to bad i only have +200k, and not +300k, please can you make a donation to me so that i have 300k ore more.

thanks

donate please      B8ar6aDa1otzZ9H4qKSniExdSHgYajKx8G

Have you guys checked your wallets?

[gonzoucab]

bitcoin dying?

Bad day for bringing new investors, everybody loses on Alts when Bitcoin drops.

[mrdennis86]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

wtf.... are you crazy....

to bad i only have +200k, and not +300k, please can you make a donation to me so that i have 300k ore more.

thanks

donate please      B8ar6aDa1otzZ9H4qKSniExdSHgYajKx8G

Have you guys checked your wallets?

Yes.... But only mined bc's and the bc's that i have buy 

[mrbenjie]

Im so sad i didnt get into this coin earlier. Really looks promising.

If anyone would be generous to donate a (very small) donation, i would greatly appreciate it!

BA5ysN85h1XQSdMtps3o6Z6LAyZwNq5FcX

Thanks!

wtf.... are you crazy....

to bad i only have +200k, and not +300k, please can you make a donation to me so that i have 300k ore more.

thanks

donate please      B8ar6aDa1otzZ9H4qKSniExdSHgYajKx8G

Have you guys checked your wallets?

mucho''s gracias:-)

[kyma]

bitcoin dying?

Bad day for bringing new investors, everybody loses on Alts when Bitcoin drops.

yes but the lure of getting i cheap might be a good thing for new money. BC seems to be holding its own. I certainly am

[MuffinMaster]

bitcoin dying?

Bad day for bringing new investors, everybody loses on Alts when Bitcoin drops.

yes but the lure of getting i cheap might be a good thing for new money. BC seems to be holding its own. I certainly am

doesn't look like holders are going to blink as they hold all the cards, just a matter of time.