Tuesday, April 8, 2014

Blackcoin moves forward

   As this is just the start of my blog I plan on introductions are in order, my name is Jason Garrett but in most circles online I am know as kana. I am 29 years old and live near San Diego, California.

   Those basics aside I am one of those people that heard of bitcoin in the early days of 2009 but failed to see the value in it having only heard the basics of it. When it started to raise I did invest in a few altcoins most namely doge and protoshares. I rode waves here and there for the coins, but for the most part I failed to see the logic in coins with a massive supply, as I thought inflation was one of the main things we were all trying to get away from. Though I still believed that some coins held potential.

   Which brings us to blackcoin it showed a lot of what I wanted in a coin like all of the following.

  1. It has a limited supply of coins which have already been mined out. I have always disliked the mining part of coins as mining cost money so coins that are mined have to be dumped to pay for that mining. 
  2. The blackcoin network has PoS mining with a low interest rate compare to other PoS coins out there. The around 1% annual interest of blackcoin makes it a near zero inflation coin when you account for coins that will be lost over time.
  3. The developer of blackcoin rat4 is very timely on updates and issue that have arisen over time.
  4. An active community manager that knows how to deal with people. This one was important for me because I have seen some community mangers curse, name call, etc. All of that is unprofessional and I believe hurts a coin in the long run. So far Soepkip has been one of the best I have seen.
   These factors helped bring me to blackcoin, ever since I have been stuck with it. The developers as well as the community have been coming up with inovations for this coin across the board. They made the first altcoin multipool http://www.blackcoinpool.com/. There are rumors of a blackcoin rewards card, that could be used as a credit card. Although that one will take time if it happens at all. I write this all on the very eve of Blackout Wednesday a news blitz of major financial sites that will thrust black coin from main street too Wall Street.

   This entry was just a small update and history of blackcoin, but seeing as my main source of income is cryptos I have the free time to read up on all the news and hopefully compact that into this blog as a daily blackcoin centric news source.

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