BlackCoin

https://bitcointalk.org/index.php?topic=469640.0

The dev invented a coin that had a 1 week PoW mining period followed by 1% PoS only. The coin started dying off because there wasn't really a way to obtain the coin after it was finished in PoW (other than buying it off the exchanges), but then the community invented a new type of multipool that mines other scrypt coins, and then exchanges them for BTC to BC. The miners then get paid in BC, even though they didn't mine BC. This makes the 100% PoS BC available to obtain via to the masses again through indirect PoW work - it can be "mined" again by anyone.

The miners of the pool are effectively "mining BC off the exchange". Given there is little to no coin generation, this idea seems pure genius because one can use their own GPUs to support their investment. And if every single coin that is not returned to market is going to further pressure price upward as the mining pool itself becomes a large constant buy support. And also given the PoS status of this coin, it also 100% ASIC and traditional multipool resistant, forever. The more I think about, the more I see the pure genius at work here.

This, imo, just one upped every single 100% PoS coin out there, as they solved the problem of PoS coin distribution (and even better there was zero premine on this coin *cough* *cough* NXT)

What do you guys think? The coin is still young, and with a market cap at $1 million, could still be in the earlier stages of where it could end up in the long run with such an implementation.

 

I think the PoS system in general is very interesting, but sustainability of the model seems sort of interesting. Thanks for sharing this info. I am going to have to look at BC more specifically in the near future. Might be something to buy into.

 

The owner of the pool says he doesn't want to run it anymore, hence the price crash

 

The owner is just not putting as much effort in.

 

There's a new group now running the pool. And two more pools up, one of them actually being a P2P expansion project.

Either way, BC price today is 7500 satoshi. It's really got some momentum going for it. It was pumped, dumped, pumped dump, and etc, but every single time it just keeps going higher (like BTC's long-term trend).

Not sure what to think, but I feel this coin is still somehow slipping under the radar of many.

 

https://coinkite.com/

https://twitter.com/Coinkite/status/453959431383179264

http://www.cryptoarticles.com/crypt...elease-added-funded-on-coinkite-in-mere-hours

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What a turn around since the original multipool incident. Trading at ~9500 satoshi today.

 

http://www.sythe.org/cryptocurrency...ost-our-premind-pump-dump-shitcoins-here.html

 

Hope some of you bought some BC when I made this thread. Made out quite nicely!
Even after the biggest P&D in the history of crypto, it recovered quite nicely and is trading above 40,000 satoshi today. That's up maybe 500-1000% from when I created this thread.

BlackCoin wasn't premined nor was it IPO. There are a lot of shitcoins out there and BC isn't one of them. Despite what some butt hurt children who missed the boat may claim. Instead they all went and invested in a premined WhiteCoin.

Fact is, BC's new investment model is working. It's been consistently #3 in trade volume over the past week, with more volume than even DOGE. The glory days of 1000% rises on this coin may be finished, but I won't be surprised to see this coin trading over 100,000 satoshi in the summer.

 

How much was invested?

 

We see blackcoin rising nowdays

 

It won't be soon till it falls to bitcoins just like every other coin

 

BlackCoin is some kind of long term cycle now, much of what many of us don't have the patience for. It hasn't been pretty lately, but it's P&D and slow recovery cycle looks similar to the BTC P&D not of last, but the one before and one more previous to it. If the devs can slowly release some decent updates for it, it will be fine. Fact is, you can actually spend BlackCoin via this new company called CoinKite, and while they are not big yet, as they expand, so will BlackCoin. That is very noteworthy as I don't know of many of coins that can be spent real world, so do keep an eye on BC.

But for now, I'm buying SC. (SilkCoin)

 

I doubt it reaches anything, not enough potential, you can't mine it. Plus there is already so many alt coins.

 

It is much better than LTC now... not sure why is that but for me is not right