Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
publicjud
on 14/03/2014, 17:07:26 UTC
This shows how ppl dont understand the concept of BC. What most dont realize is that BC cant be dumped like other mineable coins. Once the pool gets started and assuming everything goes as planned, BC at low prices are history. If you sell now, you will hardly ever see these prices again.

It's posts like this that only shows wishful thinking. Certainly BC can be dumped by whales that hold millions of coins. They have the ability to crash the entire market in one go if they wanted to. Just because it's not mined and coins aren't being generated by PoW doesn't mean the coin can't be dumped. That said, we wont see the same kind of gradual deflation of the currency like other coins.

there is no one holding more then 2% of the coins

How could you possibly know that?