Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC/BLK) | PoS | Multipool | Coinkite Launch June 1st!
by
Soepkip
on 04/06/2014, 02:37:41 UTC


A quick point to take here...

This isn't Apple you're making demands to, this is a virtual currency still very much in its infancy. If you are an investor / miner you are entitled to nothing but your speculative position in this currency's future value. Should you be a major contributor to the overall future of Blackcoin then please pardon me as I mean no offense. With that being said, your demands have been echoed throughout the community and the devs are currently working hard to deliver upon their promises. Should a month pass without update your concerns would be justified, however, right now your best course of action is to hold and believe in the overall vision of the coin. If that proves to be too much to ask then im sure a handful of users would be more than happy to purchase your stake in BC at current market prices. Take care

I agree with you, but I think buy-black's real frustration is the insider trading..ie big holders who manipulate the market based on inside knowledge to make profit. That's really disheartening to a small holder.

And insider trading is impossible to combat. For example. If you and a team build an awesome new wallet for BlackCoin and you keep this under wraps until release you have the possibility to buy the market and then release the product. This is very true.

Now the other way around is announcing it before hand, which creates an (as we've seen in many other coin) hype around that feature long before it is actually fully working. If problems arise in the actual development of that feature people will grow impatient and dump. We've seen this too in many markets.

I have always been transparant every step of the way, and I pride myself on being this way. Yes we have knowledge before anyone else does. Most of that knowledge is just ideas and projects that never pan out. If a project or idea does pan out we release it the instant it's finished as we have in the past 4 months. You can debate all you want about investorgroups and private talks, but they are needed. Without them BlackCoin would not be alive at this very moment. It would have been just another pump and dump coin.