Topic: [ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS - page 216. (Read 332099 times)

We have no link or affiliation with silkroad . Read OP, read a few pages all you will see our value in no where near silkroad.

Other subject : We're currently in the process of writing the white paper of the eco-sytem. And by the way, reading all your messages about the marketplace : current point of view of the dev team is that this is just too risky. Imagine a decentalized maketplace, I would not say it is worse or better than silkroad, but one thing is for sure : it will we targeted and shutdown, look at Coinye and this is only kanye west... It may be reconsidered in the future, but for now we'll release the social network & exchange first and we're currently focused on that.

The main point is we found a way to decentralize almost everything and this is major; The registration I told you about earlier is the basis of everything. Data is shared via p2p each node will have to stock a part of that data, with our current estimations of upload,messages,ect../user used space per node will be very small. But security measures have been integrated so that eavesdropping is almost impossible. That is also why, as I said earlier in another post there is a limitation in place which alows you to share profile/trades & co only with people you're "friends" with. And of course you've already guessed everything works with pub/priv keys, public key being associated with a username.

The white paper we're writing is exclusively about the "eco-sytem" because with this system as I told earlier, almost anything can be decentralized, once again Satoshi's greastest invention was the blockchain not the currency.

Last thing : as you saw earlier we always listen to the community so just imagine in what we could evolve with this system..

More infos soon....

We'll release an update of the wallet very soon to fix the few glitches present in the wallet we had to rush this release because of the hard fork.
Tomorrow we'll be 1 month old  .

It is legit and this coin has nothing to do with "Silkroad" other than having the word "silk" in it's name

Is this coin legit? I figure silkroad is dead..

Good point

Even if you had sold them all for that price it would only take 1BTC on bittrex to push the price to 2700 sat...

People are not selling in quantity right now

Judge Crypto

Dang I wish my coins would have come out of staking faster. Earlier today i was going to sell a chunk at 2900 and I could have bought back in at 1900 now and increased my coin count Just going to have to keep them out of staking for a bit while I try to increase the amount of coins I have.

No problem bud 

Bittrex. Cool I thought so, just wanted to make sure. Thanks for the quick response, you guys are awesome and we all appreciate your hard work, this coin is going places, see you on the moon!

What exchange is your SC stored in? If you're on Bittrex, Poloniex or KingCoiny, then you should be fine.

Thank you. I'm just after cheap coins myself. I did have 500k, sold half because I was afraid of the POW dump but looks like that probably isn't even going to happen. Kept the 300k just incase it started shooting for the moon and I miss my flight

The silk team are doing a wonderful job communicating with its community and IMO that's the most important thing, its all about confidence in the product after all.

All of my SC are on an exchange wallet. I'm not able to store them in the SC wallet because my computer isnt working atm and I only have access through my android phone. Will they still be ok after POW?

Whew, thank you I just noticed my first transaction show up and I wondered if that is what was going to happen

You don't have to worry you haven't lost your coins. Your wallet is still syncing. Once it syncs to the block when you deposited those coins into your wallet, then it will appear once again.

Guys I deleted everything in my Silkcoin folder EXCEPT wallet.dat as my wallet kept showing out of sync but now when I reopen it I show 0 coins and that is still not synced but it is syncing on the small icon. Have I lost my coins even though I kept the wallet.dat??

Well said 

I'm waiting for some more cheap coins as well!

If its normal miners they will probably hold , i have said it a million times , if you open the wallet , you know you better hold your coins as the price is low tbh,

Now multipools are a different matter, they may mine and dump as the price is good, we expect a certain amount of drop at this point , Our Chief Dev predicted this at launch and it was taken into consideration, but we felt the 2nd Pow phase would be unique and bring people to the wallet in droves having missed out initially, however due to community concerns we halved the block reward for 2nd pow .. this should at least limit some of the damage done by the multipools, but tbh if they want to sell me cheap coins they are welcome too

after all i HAVE opened the wallet and more fool them.

OK. But typically, does the extra supply saturate the market usually during the POW phase, or just right after?