I am confused on what the BC is going towards...I know a press release, but what does the money go towards? Advertisement for the press release?

Yes, it was definitely fair. For all coins you have in your wallet, you gain 1% for just keeping your wallet open. The short mine period was open to all, it was announced. Now you can either mine w/ the multipool or buy them. As soon as you do acquire them, you start earning more. Can't say it wasn't fair unless everyone wasn't afforded the same opportunity, which in this case we were.

I read earlier in this thread somewhere that someone thinks that BC will hit $1 by Sunday, what does everyone else think?

I have a question with the 1% interest if anyone can answer. I have just under 2k blackcoins, now I know yearly it equates to I think it was 1.01% interest earned. But lets say I keep them in the exchange, Mintpal. Will that 1% just goto Mintpal or will it be credited to my account? If it does goto MintPal, does that not mean that they are going to make beyond bank on this coin? I see this coin reaching upwards of $10 in the next few months....so should exchange rates then in turn be lowered because exchange will be getting 1% on all coins exchanged anyways as they have the master wallet.

I am just curious. I know in the short term it shouldn't matter, but if an exchange has 10 million coins in it's wallet, that means every year they will get 100k in coins. and at $10 that is already $1 million USD say the coin reaches extreme heights of $100, we are looking at giving the exchange $10 million dollars a year on top of exchange rates for the coin.

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Thanks!