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

[PhattyBanks]

not much volume holding it up right now

[digicidal]

Casino indeed. People: anyone have connections with a Vegas Hotels? It may require some marketing genius, but just imagine if someplace like the Bellagio warmed up to these Black Beauties. Hell, we might not only have chips, but our own BLACKCOIN SLOT MACHINES!

First person with an angle on this, I suggest you run with it. Make some calls & get on a flight to LV tonight. BEFORE SOMEONE ELSE DOES!

LOL!  Well, as someone who lives here (and actually is a 40 year native of the Vegas valley) I can tell you that's never going to happen.  Not unless BC represents about 30 Billion USD in market cap.  All casinos, but especially premier properties like the Wynn, Bellagio, Caesars Palace, etc. spend huge amounts of money and marketing to make sure they're sharing the spotlight with no one.  Now if we get to the point that someone like myself with just a few 100K worth of BC represents what we consider a whale (and in this city, you get that distinction only after dropping $500K+ in a single night on the tables)... I'll be more than happy to develop a team and make some presentations.

As it is, our 'brand' ranks about 5,000,000 places below Monster (drinks or cables you take your pick), Sony, Nike, Gucci, etc... and even they are only allowed to co-brand or advertise on things like the monorail, special events, or retail outlets in very specific areas.  Everything else will always have only the property logo/name.

I'm not saying it can't ever happen, and I'm certainly not saying I wouldn't love it... but in this town even a decent sized bar or convenience store pulls in 10-15% of BC's entire market cap every month on gaming (I have a friend with a 7-Eleven franchise who averages about $18K/mo just on 6 video poker machines).  

By way of contrast Bellagio makes slightly more than BC's market cap in a 24hr period.


... All that being said, I do like the way you think - we're just not quite to that level yet. And you will only get one change in that market... if you're lucky.

Lol, couldn't agree with you more: the thought wildly over-reaches a more sober and realistic sense of present limits. Nonetheless, where crypto and the world are now is one thing. Where it all might go, quite another. It could be bigger, and arrive sooner, than any of us might now suppose. I advocate thinking big from the get go. It can happen that by attempting the impossible you attain - if not exactly what you set out to do - something much better. Glad to hear you agree at least with the style of thinking.

And PS, Bitcoin, with its say 5-10 Bil market cap is already happening in vegas (to an extent).

Well, you are partially correct in this - and I do plan on going to some BTC gatherings and community networking functions to make sure that everyone understands that there's a 'new kid on the block' - and one that's not going to sit still until it's Bitcoin that hopes to go places BC already is.  However, there is a very vast divide between having a BC 'branded' slot machine in the Bellagio and 4-5 downtown properties allowing for payment of drinks or rooms with BTC.

But I agree, with all of it's faults... this town is a little more open-minded than most to the concept of crypto currencies... after all we've been turning fiat into chips for decades (and that's very analogous to crytpos)!

[fiftyseven]

so how do you receive stacked coins? ony once per year?

No, if any of your coins haven't moved for 8 or more hours, they will become eligable to become staked in your wallet and you will receive BC (appearing as mined) up to the value of 1% of staked coins per year. If you leave the wallet open for a whole year without touching the coins, that will then compound too so it becomes a little over 1% in all. You don't need to leave the wallet open though if you have kept loads of coins static in it, in order to receive the stake on that amount when you first open it again. Think of it as a guaranteed savings bond while the coins you keep away from the market are driving more buying pressure because of more scarcity, i.e. should go up in value at same time.

[Djinou94]

OMG i just wake up what's happening nuclear bomb?!

[ManMachine]

No JUST BLACKCOIN!!!

[jc12345]

so how do you receive stacked coins? ony once per year?

No, if any of your coins haven't moved for 8 or more hours, they will become eligable to become staked in your wallet and you will receive BC (appearing as mined) up to the value of 1% of staked coins per year. If you leave your wallet open for a whole year without touching the coins, that will then compound too so it becomes a little over 1% in all. Think of it as a guaranteed savings bond while the coins you keep away from the market are driving more buying pressure because of more scarcity, i.e. should go up in value at same time.

This I get, but what about the security of an open wallet on the Internet? Normally the first thing you do is to encrypt the wallet to protect it. Also, what happens when I shut down my computer and the wallet is not connected to the Internet?

[digicidal]

you can buy this USB CARD for 2 $
why you sell for 20$
http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=usb+card

These are high quality, custom branded, and you are forgetting the free shipping worldwide. You are not thinking about the customer support infrastructure needed to support the product. The shoes on your feet cost $4.00 to make in China, but it is sold at $80+....

This.  In addition, you also have to remember that (most of us at least) aren't involved in crypto currencies because we're interested in living in a commune and subsistence farming.  Just because a business venture benefits BC in one way or another doesn't mean it can't be profitable for the person/company engaged in launching it.

This is not a non-profit organization with ideological purposes only (not saying it can't do some humanitarian efforts as well - and it should) so whether you like it or not... most of us are here for one reason... greed.  I don't mean the kind of greed that takes food out of a hungry person's mouth to buy another 24K gold fishtank... but the type that says "it's perfectly reasonable for me to make the kind of money someone else slaves away for years in a cube farm for... by simply possessing a wallet full of cryptographic keys".

 Also... if the price were considered 'astronomical' - then even for the good of BC he wouldn't be selling them like hotcakes!  Something to keep in mind.

[fiftyseven]

so how do you receive stacked coins? ony once per year?

No, if any of your coins haven't moved for 8 or more hours, they will become eligable to become staked in your wallet and you will receive BC (appearing as mined) up to the value of 1% of staked coins per year. If you leave your wallet open for a whole year without touching the coins, that will then compound too so it becomes a little over 1% in all. Think of it as a guaranteed savings bond while the coins you keep away from the market are driving more buying pressure because of more scarcity, i.e. should go up in value at same time.

This I get, but what about the security of an open wallet on the Internet? Normally the first thing you do is to encrypt the wallet to protect it.

I've just edited my post. You don't need to keep the wallet open. If the coins have remained static in cold storage, the first time you open the wallet, those coins will go to out to stake and you'll receive the BC pretty quickly (the green arrow in the bottom right of the wallet gives you a rough idea when).

[fiftyseven]

so how do you receive stacked coins? ony once per year?

No, if any of your coins haven't moved for 8 or more hours, they will become eligable to become staked in your wallet and you will receive BC (appearing as mined) up to the value of 1% of staked coins per year. If you leave your wallet open for a whole year without touching the coins, that will then compound too so it becomes a little over 1% in all. Think of it as a guaranteed savings bond while the coins you keep away from the market are driving more buying pressure because of more scarcity, i.e. should go up in value at same time.

This I get, but what about the security of an open wallet on the Internet? Normally the first thing you do is to encrypt the wallet to protect it. Also, what happens when I shut down my computer and the wallet is not connected to the Internet?

Also, the wallet can be encrypted and mining for stake. At the moment, the 'unlock' option in the drop-down menu doesn't do it quite right.

The best way currently is, if you encrypt your wallet first, then go to Help > Debug > Console and type
walletpassphrase YOURWALLETSPASSWORD 99999999 true

YOURWALLETSPASSWORD is your wallet's password.

That will keep it encrypted and staking. Though when you close the wallet and reopen it the staking will stop. I'm sure the dev will make this a bit easier in time.

[zeta93]

you can buy this USB CARD for 2 $
why you sell for 20$
http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=usb+card

These are high quality, custom branded, and you are forgetting the free shipping worldwide. You are not thinking about the customer support infrastructure needed to support the product. The shoes on your feet cost $4.00 to make in China, but it is sold at $80+....

This.  In addition, you also have to remember that (most of us at least) aren't involved in crypto currencies because we're interested in living in a commune and subsistence farming.  Just because a business venture benefits BC in one way or another doesn't mean it can't be profitable for the person/company engaged in launching it.

This is not a non-profit organization with ideological purposes only (not saying it can't do some humanitarian efforts as well - and it should) so whether you like it or not... most of us are here for one reason... greed.  I don't mean the kind of greed that takes food out of a hungry person's mouth to buy another 24K gold fishtank... but the type that says "it's perfectly reasonable for me to make the kind of money someone else slaves away for years in a cube farm for... by simply possessing a wallet full of cryptographic keys".

 Also... if the price were considered 'astronomical' - then even for the good of BC he wouldn't be selling them like hotcakes!  Something to keep in mind.

those USB cards are just USB flash memory 4GB with a wallet installed in it
what is special in it, can you explain? what is the advantage of it from installing the BC wallet on mobile phone?

[Coinler]

Some BC available at market prices on Prelude now. Buy directly with USD with no antiquated Bitcoin in the way:
https://prelude.io/trade/usd/bc

ahh so we got on prelude after all. this one goes to facebook at my end of day blackcoin report ;p

[fiftyseven]

Some BC available at market prices on Prelude now. Buy directly with USD with no antiquated Bitcoin in the way:
https://prelude.io/trade/usd/bc

ahh so we got on prelude after all. this one goes to facebook at my end of day blackcoin report ;p

We've been on it a while but there's been no market. I've just put some of my treasured BC on there because I believe in cutting BTC out of the equation.

[Djinou94]

BC 0.00013370 +42.20%

We are roughly a 70btc buy from 100k sat. Unreal.

100k sat per BC would be just dandy... could show the missus this is actually worth it and she can stop nagging me about doing it lol

+1 hahaha

I need to buy back the 500 I used for the bc card now :L

lol i bought my bc card yesterday and today +42%  
but no problem i'm happy for IronicExpert because he works a lot for the community

[digicidal]

you can buy this USB CARD for 2 $
why you sell for 20$
http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=usb+card

These are high quality, custom branded, and you are forgetting the free shipping worldwide. You are not thinking about the customer support infrastructure needed to support the product. The shoes on your feet cost $4.00 to make in China, but it is sold at $80+....

This.  In addition, you also have to remember that (most of us at least) aren't involved in crypto currencies because we're interested in living in a commune and subsistence farming.  Just because a business venture benefits BC in one way or another doesn't mean it can't be profitable for the person/company engaged in launching it.

This is not a non-profit organization with ideological purposes only (not saying it can't do some humanitarian efforts as well - and it should) so whether you like it or not... most of us are here for one reason... greed.  I don't mean the kind of greed that takes food out of a hungry person's mouth to buy another 24K gold fishtank... but the type that says "it's perfectly reasonable for me to make the kind of money someone else slaves away for years in a cube farm for... by simply possessing a wallet full of cryptographic keys".

 Also... if the price were considered 'astronomical' - then even for the good of BC he wouldn't be selling them like hotcakes!  Something to keep in mind.

those USB cards are just USB flash memory 4GB with a wallet installed in it
what is special in it, can you explain? what is the advantage of it from installing the BC wallet on mobile phone?

Technically... nothing.  The same as a $10 handbag from Walmart can carry just as much as a $2K Louis Vuitton bag caries.  As far as the wallet itself is concerned.. there's no difference between this an a thumb drive in your pocket - you just look better pulling it out and using it.  It's called 'vanity' and I don't know where you live exactly but it's a pretty big thing in this world (i.e. multi-billion dollar sales of designer iPhone cases last year).

[jc12345]

Some questions I have (new to BC):

1. Where does the processing happen for the coin? One of the early crypto currency principles was to have distributed processing so that all processing does not happen in one place. It seems with BC that no processing happens on your computer, just an open wallet connected to the network. if processing does not happen on our computers, then does it get processed on a central computer somewhere?

2. How is consensus reached in the network that transactions are not fraudulent or spent twice.

[digicidal]

Some questions I have (new to BC):

1. Where does the processing happen for the coin? One of the early crypto currency principles was to have distributed processing so that all processing does not happen in one place. It seems with BC that no processing happens on your computer, just an open wallet connected to the network. if processing does not happen on our computers, then does it get processed on a central computer somewhere?

2. How is consensus reached in the network that transactions are not fraudulent or spent twice.

The wallet IS the processing node... that's what staking is all about.

EDIT (for clarification).
The difference is there isn't a difficult 'problem' to solve as a secondary validation (PoW which miners do in other coins).  The 'problem' with BC is simply whether or not the blockchain is secure - no more, no less.  Think of coin-age in PoS as being a shareholder in a public company (although I stress this is only for illustration - it's NOT a public company).  Shareholders have two purposes, to gain profits through shared investment - like your CPU time while staking - and secondarily, to make sure that the company doesn't do something completely stupid.

Your BC are like 'voting shares' in a manner of speaking.

That's not terribly accurate, but I think it's a reasonably fair analogy for layman investors.  For more detailed information see the wiki articles on PoS or look at blackcoin.co for additional details.

[coaex]

After making the worst promotion on the entire planet, I decided to make something good for the Blackcoin community. I started a new discussion on Blackcointalk about custom Blackcoin gold bars. Feel free to share your thoughts. <3 u:)

[notallthere]

After making the worst promotion on the entire planet, I decided to make something good for the Blackcoin community. I started a new discussion on Blackcointalk about custom Blackcoin gold bars. Feel free to share your thoughts. <3 u:)

 I like this. I was really excited to see your store accepting BC. To steal a line from a tweet I saw this morning "Black is the new gold" .
Nice work.

[zeta93]

you can buy this USB CARD for 2 $
why you sell for 20$
http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=usb+card

These are high quality, custom branded, and you are forgetting the free shipping worldwide. You are not thinking about the customer support infrastructure needed to support the product. The shoes on your feet cost $4.00 to make in China, but it is sold at $80+....

This.  In addition, you also have to remember that (most of us at least) aren't involved in crypto currencies because we're interested in living in a commune and subsistence farming.  Just because a business venture benefits BC in one way or another doesn't mean it can't be profitable for the person/company engaged in launching it.

This is not a non-profit organization with ideological purposes only (not saying it can't do some humanitarian efforts as well - and it should) so whether you like it or not... most of us are here for one reason... greed.  I don't mean the kind of greed that takes food out of a hungry person's mouth to buy another 24K gold fishtank... but the type that says "it's perfectly reasonable for me to make the kind of money someone else slaves away for years in a cube farm for... by simply possessing a wallet full of cryptographic keys".

 Also... if the price were considered 'astronomical' - then even for the good of BC he wouldn't be selling them like hotcakes!  Something to keep in mind.

those USB cards are just USB flash memory 4GB with a wallet installed in it
what is special in it, can you explain? what is the advantage of it from installing the BC wallet on mobile phone?

Technically... nothing.  The same as a $10 handbag from Walmart can carry just as much as a $2K Louis Vuitton bag caries.  As far as the wallet itself is concerned.. there's no difference between this an a thumb drive in your pocket - you just look better pulling it out and using it.  It's called 'vanity' and I don't know where you live exactly but it's a pretty big thing in this world (i.e. multi-billion dollar sales of designer iPhone cases last year).

vanity
as far as there are who pay
i don't think we need more cards, QR in your mobile wallet are just enough
for marketing purpose it's OK, but for real use don't think will work

[IconicExpert]

those USB cards are just USB flash memory 4GB with a wallet installed in it
what is special in it, can you explain? what is the advantage of it from installing the BC wallet on mobile phone?

You have voiced your opinion multiple times and this is the free market. If you do not want to buy the card that is your decision. However, I have politely asked you to stop posting FUD. Your comments have been seen and noted... now just move on...