Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
colinfx
on 14/03/2014, 13:01:47 UTC
Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest?  Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?


... by mining the most profitable alt coins, selling them for BTC then buying BC with BTC.

In short - transferring the VALUE from alt coins to BlackCoin. Direct transfer of value from ALL profitable alt coins IN to Blackcoin. One way value transfer Cheesy

Why is it one way? Because ALL BlackCoins already in circulation, only 1% per YEAR inflation. Value is only increased - not decreased or diluted.