I am mining on blackcoin pool, about to see a full 24 hour payout in BC, I'm curious to see how it measures up to traditional mining? with this new concept,,, which is the only reason Im testing it out. Well not to mention the nice BC price as of late

I really feel sorry for the guys that dumped in panic... we appear to be consolidating right at yesterday's highs... just as we have the previous 4 days...

So we catch our collective breath at 55K-65K... and the rocket takes us to and then the market "crashes" back down to consolidate in the 90K-95K range... rinse and repeat.

The upside to this (in addition the obvious for those of us that grab more coins each cycle around this time) is that each time the cycle repeats itself, there will be more and more 'holders'.  And even if it takes them much longer to comprehend exactly what is fundamentally different about BlackCoin... it won't take new guys more than a couple of days of selling in a panic and waking up to lost opportunities to realize that something is different.

Who knows, maybe then they'll actually take the time to do a little due diligence rather than just throw money at something and hope they hit a winning lottery ticket.

None that I'm aware of and when I mentioned that BC really is just another scrypt coin in the chat, I sure caught a lot of flack! lol, I wasn't trying to insult anyone... but there is some crazed BC fans in there,,, hey if the payout is good I'm all in, I am considering outright buying some BC along with mining concept BC Pool

As they say "we like hodling" lol

Of course! It cant be 51% attacked. Proof of Work is stupid and insecure! Proof of Stake is better. Peercoin had the right idea they just did POW/POS hybrid. They also did not treat crypto like a business. Sunny King went MIA and now he is seeing his baby boom with another coin. Its his loss. The Blackcoin devs knew all this and put their heart into the coin. So Blackcoin can overtake Litecoin and Bitcoin better watch out. The multipool can easily eat the orderbook. Can you imagine where there are tons of Blackcoin multipools just mining every POW coin? Its sick. POW does not stand a chance against POS. Only Bitcoin and Blackcoin can survive this. Other coins will be forced down.

It also has the best POS interest design IMO 1% brings rarity,  a problem shown with coins like mint and zeit.

A nice discussion of what really makes blackcoin stand out.  

http://blackcointalk.com/index.php/topic,1004.0.html


This bubble popping is a good thing.  We want real organic growth not pumps. The community is still strong and the coin is still up 600% from a couple days ago...   Coin kite is still months away, and by then the value will be much higher.   Don't panic on market turbulence, best strategy is to buy, mine, hold. This coin is only going up long term.  

Look forward to supporting and hearing more

I have a question with the 1% interest if anyone can answer. I have just under 2k blackcoins, now I know yearly it equates to I think it was 1.01% interest earned. But lets say I keep them in the exchange, Mintpal. Will that 1% just goto Mintpal or will it be credited to my account? If it does goto MintPal, does that not mean that they are going to make beyond bank on this coin? I see this coin reaching upwards of $10 in the next few months....so should exchange rates then in turn be lowered because exchange will be getting 1% on all coins exchanged anyways as they have the master wallet.

I am just curious. I know in the short term it shouldn't matter, but if an exchange has 10 million coins in it's wallet, that means every year they will get 100k in coins. and at $10 that is already $1 million USD say the coin reaches extreme heights of $100, we are looking at giving the exchange $10 million dollars a year on top of exchange rates for the coin.