Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
IconicExpert
on 23/04/2014, 09:16:42 UTC
Community "Pump"

Good morning everyone! I apologize for not responding, I finally got some sleep! I had a chance to catch up and I would like to point out a few things.

1. I am honored and humbled that I have gained the trust of this community. That being said one person being in charge of that much BTC is not a good idea for many reasons.
a) That person will immediately be targeted because it is publicly known how much BTC he/she is in control of.
b) Keeping track of who sent funds and then redistributing the funds will be a nightmare.
c) Lets address the elephant in the room, theft. That is a lot of BTC for one person to control and some people will not feel comfortable having me or even the pool in charge of that much BTC.

2. I do not think we need to have one entity in charge. I think if we all trade on the same platform and work in unison, it will have the same outcome as one person trading for everyone.

3. For this to work we would all have to make a pledge as ladies and gentlemen and stick to our pledge.
a) Everyone involved agrees to buy at the current market price, not wait for a dip
b) You cannot sell what you bought for at least 3 days

3. This can work in the short term but I honestly do not know what the after effect will be because a community has never collectively pumped a coin before.

I just want to add for quite sometime I have publicly expressed my concerns that one or more people are suppressing the price of BlackCoin. I have taken heat in public and behind the scenes because of my comments, but I stand firmly behind my comments. Now I am being contacted privately by people who also believe the price is being purposely suppressed and they are frustrated as well. I noticed this suppression around 10,000 sat and as soon as we were able to break the 10,000 wall BC exploded in price. Whomever was suppressingn BC seemed to have lost their grip after 10,000 sat, but then we had a massive sell off around 80k sat. I do not believe the sell off was orchestrated, I believe a bunch of people who never seen that much money before started to cash out quickly. However, I think when we went back to around 14000 sat, this person or persons were able to regain control and has been back to suppressing BC.

A Massive buy will break through the suppression but also give this community something to rally behind. We will also make history once again since this has never been publicly done before in crypto. The news of us doing this will make others not interested in BC to join in because they know the price will be going up.

Around 8AM EST this morning I will announce the date and time we will do this.