Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | PoS | No premine | No IPO
by
Gritt-N-Auld
on 14/12/2014, 14:04:08 UTC
maarx, what about implementing the pegging feature in blackcoin?

How should i be able to buy and sell without loosing money if the value always fluctuates?

Blackcoin won't be pegged, it requires a lot of additional infrastructure to do achieve something like that. The focus of development appears to be improving the security and stability of the proof-of-stake protocol.

People (Bitbay Supporters) are throwing around pegging like it is the new anonymous transaction, a gimmick you throw into a wallet. It is not easy to accomplish, and has already been successfully achieved (so far). Nubit is doing a good job maintaining their peg using a decentralized corporation built around the Peershares fork NuShares (Our second most active market right now) - we will be adding a NBT/BLK and NBT/BTC exchange soon.

Since the price is pegged to the USD it will be much like having a USD/BLK market, but you get the benefits of crypto. You will be able to take your NBT(USD value) and move it to your local computer.

If I wanted to use a pegging coin, I would use Nubits. Having it on Blackcoin is not the right direction to go at all. Exactly what yourstruly is stating, the focus is improving security and stability of the protocol.

I don't believe pegging would work as they are expecting no matter how many times I had it explained. You need majority (I'm talking 99.995% of coins) locked away to be able to support this. That in my opinion isn't the way to go to trust a 3rd party to be able to keep the wall there to support this claim.