http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#blackcoin
The author of this page didn't do anything except scan the blockchain. Apparently knew nothing about the history, devs or great community. Yes, there was a pre-mine but it was announced, it was open and at least a thousand of us were mining millions of blackcoins during the pre-mine. Active devs like rat4 (PoS, PoS 2.0), David Zimbeck (BlackHalo smart contracts, NightTrader) and Blackwave Labs (Blackbit, Ruby Wallet, BC-centric Exchange) continue to work this coin.
Yet your official topic said "no premine". this smells even more like a huge coverup for a scam.
BlackCoin had no premine, and also the analysis you cited doesn't claim that. Every initial distribution model of a PoS coin happened in a short time, in BlackCoin through a short PoW phase. People quickly use the term "instamining" which is actually a term for PoW coins with a ridiculous block halvening policy.
The current distribution of BlackCoin is better than in most alt coins. Regardless if you think that BlackCoin is a good investment or not, you will hardly find a second PoS coin code base that contributed so much to the cryptocurrency community. Several coins in the voting are BlackCoin forks btw.
Pandacoin's distribution phase was 95 days long. 95 days of fair mining during our POW phase.
So, "every distribution model of a PoS coin" did not happen in a short time. Ours didn't.
That's why Pandacoin is the fairest and most secure PoS coin in the world.
noerc, what was the length of the PoW phase for BlackCoin?
Note: I hold mostly PND, but I AM interested in the real debate and answers to this poll. I am new enough to not be opinionated yet.
Nice to hear that Pandacoin had a long PoW phase. I think miners generally have a more speculative incentive when mining a PoS coin that is in PoW phase compared to when mining a PoW coin. It will be interesting to evaluate in a year how different distribution phases influenced the final distribution.
BlackCoin had 10000 PoW blocks, the first was mined on 24th of February and the last was mined on 1st of May (60 sec block time). Each PoW block up to block 5000 contained 10000 BC, which was then halved to 5000 BC until block 10000, resulting in a total cap of roughly 75M BC. A giant hype after the PoS phase was entered lead to a massive raise and sell off which further influenced the distribution (hard to say how exactly).
My personal opinion is that once there is one PoS coin that attracts a market capitalization similar to Bitcoin then there will be a storm of people trying to exploit every critical aspect of the protocol that exists. And there are well known problems with PoS. Focusing the development on security is much more important in PoS coins than in Bitcoin, and even there it is the primary topic. And I see BlackCoin following exactly this path.
Thank you!