Quote from: oddree on March 17, 2014, 06:48:27 PM

I got burned by the pump-dumpers. I bought in at 0.00003300 and then I watched it drop to 0.00001200 within a few hours. OUCH MY A$$!! Cry

I am glad to see that it's on it's way back up though. I have faith in this coin, as I have faith in the concept. Proof of Stake is a very interesting concept. And I think this coin will stand out as the champion of "PoS". Time will tell I suppose. But for those of you who are not jumping on the bandwagon, you should read this wiki article: http://en.wikipedia.org/wiki/Proof-of-stake. The key thing is this, "The ratio of bitcoin's mining rewards to market value is programmed to decline exponentially. As this happens, proof-of-work monopoly will become easier and easier to obtain, whereas obtaining proof-of-stake monopoly will become progressively more difficult as more of the total money supply is released into circulation".

That said, Blackcoin is not speeding into a brick wall like most of these other coins on the market. This coin is not so much for the pump-dumpers, but more for the long investors. I would suggest dropping a few beans and buying up some coins while the price is low.

As someone investing in this coin I'm buying what I can with the BTC I'm getting from mining other coins and depositing all the BC I buy right into my wallet. The coins in my wallet will never see an exchange again unless I have reason or need to sell them. If a lot of you are doing the same as me then as the supply shrinks the price will ultimately rise making the coin more valuable, that's if the demand stays the same or rises and doesn't decrease. Plus with Blackcoin there is no crazy 20% stake on this coin like the others so you don't have to worry about a crazy supply surge coming in and ruining the price. This coin in my opinion is the best investment coin or bag holder coin there is on the alt market now.