submitted 21 hours ago by dzimbeckBlackHalo Creator

First, an announcement was made before I had the chance to discuss it. This happens to us a lot it seems. The only thing faster than the speed of light is a rumor.
Second, as stated in replies in the post below, want to mention a few things. I'm working full time on BC this project will accelerate us.
QUOTE(edited): The people from Bay are buying a license. They want to make mesh networks and iOT. Its NOT THE SAME. Completely different project. They are highly connected and are striking a deal to make it a hedging coin.This means we can also have something to hedge against which will instantly spike BC price. (Arbitrage)
As of until now, I was working alone. I highly doubt this will be the case anymore. If this works out there will be a giant dev team working with me and thus, working on Blackcoin related smart contracting tech. If it doesnt work, "Oh well, I just keep coding anyways" There was absolutely no way of losing on this deal (yes I know its a "coin" and I never wanted to start my own coin except maybe a Halocoin in a few years but the deal had little to do with the coin it has to do with the people I'm working with on it with).. also can BC really be valued any lower? Maybe we can benefit a bit from opening up and making some moves.
These guys are heavily connected. There is a good chance this will open every single door needed to blast our dev schedule through the roof. I have had literally ideas pouring out of my head for Blackcoin and in my eyes these guys can help make that happen.
Personally, I dont like ICO. However, as discussed there is much more behind this than a coin. The licensing of the tech is fairly easy because its only a segment of the source code.
*Will it slow down our dev schedule? Not at all, it will speed it up
We will get funding
We will be connected to some major Chinese exchanges and have a good chance at having something to hedge against (you should check NuBits to understand what that is...) this part alone can bring BC to a dollar. We can use hedging techniques to peg BC. As you know I am adding binary derivatives and backing to Halo. So relax and let the production schedule continue. Enjoy the show... realize that I'm not going anywhere and this is my full time job. Sometimes at jobs we get contracts that benefit both parties. Time Warner does deals with Paramount, Disney does deals with Fox.
We are the first coin EVER to have smart contracts. We will be the first to have markets, we will be the first to have multisig exchange. We were the first to go full pos, to hire a marketing firm so many firsts started here. That isnt changing. I hope to increase this.
Also Blackcoin is getting two exchanges (NightTrader & NT multisig) and it will have a permanent multipool hard coded into it. So it will be the BlackHole.
Remember how BC use to be the altcoin killer? We can make that happen again. We have 3 different exchanges on the way and now we have new connections and friends.
in reality, its difficult for me to hold a public reputation and keep my image perfectly clean. We have been in negotiations with many other VCs. I have talked to literally every VC at some point this year. Once they see us making moves, they will make moves. Trust that we put one foot in front of the other here. Blackcoin is a permanent addition to cryptospace nothing will make me sell my coins short of losing them in a fire. And nothing will make me stop working on BC related projects. Hope that clears things up, I wish I was able to communicate it before it got into the internet. But its hard to negotiate privately when everyone is listening.