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Topic: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer! - page 5. (Read 284948 times)

hero member
Activity: 798
Merit: 500

wow did i say 'even just c-cex' Smiley

Thanks for adding! c-cex is a good website, only missing some volume
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Thanks C-Cex!

You can find the historical BTER charts for SLM here:

http://cryptocoincharts.info/pair/slm/btc/bter/10-days

There, last price is at 2900 satoshis. But If I remember right it was the last ask price, bids were a little bit lower.
sr. member
Activity: 321
Merit: 250
How many coins are in existence right now? And what was the last price?


I haven't been following everything too closely, but assuming slimcoin.club is correct (and I think it is), there are 2151115 SLM total. You can see it by going to slimcoin.club then clicking brainwallet, and just typing any random string in key generation.


sorry, I have no idea what the last price was.

The last price from bter was approximately 2500 satoshis.
But take into regard that the trading volume was very low. So it might be hard to tell whether that price was realistic or made up...

I'm glad to see that there's another exchange trading SLM!
Hooray, C-CEX!
legendary
Activity: 1498
Merit: 1001
CryptoCurrency EXchange: https://c-cex.com
member
Activity: 63
Merit: 10
How many coins are in existence right now? And what was the last price?


I haven't been following everything too closely, but assuming slimcoin.club is correct (and I think it is), there are 2151115 SLM total. You can see it by going to slimcoin.club then clicking brainwallet, and just typing any random string in key generation.


sorry, I have no idea what the last price was.
legendary
Activity: 1064
Merit: 1000
How many coins are in existence right now? And what was the last price?
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Bad luck with BTER.

Is there any descentralized Marketplace, until there is a new exchange or BTER comes back?

OpenBazaar and the NXT Marketplace come to my mind, but I don't know if they are suitable for cryptocurrency trading.

Also, perhaps SLM can get added to SuperNet, as it has "unique features" (the main requirement to get added there). The only problem could be the very informal development team.

PS: SuperNet seems to be still far away from cross-blockchain trading ("ATOMIC"). So it wouldn't solve the problem, for now.

PS2: But what they already have is the "Multigateway". Perhaps it is possible to get a "home" there? I could politely ask there, as I'm a NXT'er too Wink


PS3: Although BTER is offline (and it looks pretty bad), the SLM difficulty keeps going up. That's a good sign!
hero member
Activity: 798
Merit: 500
bter got hacked it seems, now there is no exchange for trading SLM for the moment Sad

Seems so. Won't help much with getting added to coinmarketcap.com either.

getting added to poloniex, bittrex or cryptsy would be nice, or even just c-cex
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
bter got hacked it seems, now there is no exchange for trading SLM for the moment Sad

Seems so. Won't help much with getting added to coinmarketcap.com either.
hero member
Activity: 798
Merit: 500
bter got hacked it seems, now there is no exchange for trading SLM for the moment Sad
member
Activity: 60
Merit: 10

The problem is if you apply this model to Proof of stake, it would be a "rich getting richer" game, as large holders probably will get much more rewards than today. In Slimcoin's Proof-of-burn, not the rich but the people which take most risk are being rewarded, so the reward structure is good in the way it was implemented.



The way I see it the PoS rewards would be the same (1%pa) if every one mints as the probability of finding a block would be weighted by your stake/coin-age to make it so. The big difference would be that if a large holder stops minting then their blocks would be found by someone else where as in the current model they keep accumulating coinage and so their chances go up and so does their reward. I don't really know the technical details as it is something Sunny King just mentioned he is thinking about and I didnt think much of it until trying out slimcoin.

That's a very good idea ... burnt tips! I have no idea though if this is technically feasible. From my layman's point of view there should be a way to do this, but it would need a new transaction type, I guess. ( it should have to automatically transfer from address a (donator) -> address b (beneficiary) -> burn address, without the donator having to know the beneficiary's private key)

I think you could use OP_RETURN to specify the beneficiary's public key hash I don't think anything needs to change for the transaction to happen (other than adding an interface in the clients) but the code that checks to see if a PoB block is valid would need to change to incorporate the change: invalidating PoB blocks that point to burn transactions that have a specified beneficiary but are signed by the sender and considering the ones valid that are signed by the beneficiary as valid. No need for the beneficiary's private key, you would just need their address to get the public key hash. You would also need a way for clients to know they have received burned coins. Its a bit clunky I admit.
hero member
Activity: 798
Merit: 500
Nice volume today, nearly 0.4 BTC being bought from the thin sell book, the value can easily triple or quadriple... 0.4 BTC is not much, but it is more than past months
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Good! Being listed on Coinmarketcap surely should attract new users, as CMC has developed into the "rating agency" of the altcoin world. Well, market cap still is tiny (about 12.000 USD) but bids are slowly growing.

It certainly could attract purely speculative capital too, but this is not too bad as so BTER would be able to collect some fees from trading. And maybe other exchanges considering to add it.

(Regarding pools, unfortunately I have no technical knowledge about that.)

I am mostly a peercoiner but slimcoin has gotten my attention because of it being the first proof of burn currency, at first that was a slight curiosity but after trying it out I noticed one thing. Slimcoin has a much better incentive to keep a node online all the time than peercoin,

That's true - I come from Peercoin too, but this is an advantage of Proof of Burn. The problem is if you apply this model to Proof of stake, it would be a "rich getting richer" game, as large holders probably will get much more rewards than today. In Slimcoin's Proof-of-burn, not the rich but the people which take most risk are being rewarded, so the reward structure is good in the way it was implemented.

(ot: That's why I would oppose this change in Peercoin, although I admit that I will have to recheck the math of this reward structure. What can be done there is to encourage the users to send higher transaction fees (e.g. changing the "burned fee" from 0.01 to 0.008 and encourage the users to complete the 0.01 fee via the standard value of the client, so 0.002 would be sent to the minter).)

Quote
Anyway, I was thinking of ways to increase adoption of slimcoin, not just to have people buying a few as a speculation but to actually have them burn some and become part of the network. My idea is this: change the protocol so that when you burn coins you can specify the burned coins to be associated with a different address instead of the one you burned from. This would allow me to send someone burned coins but it would not allow for the trading of burned coins.

That's a very good idea ... burnt tips! I have no idea though if this is technically feasible. From my layman's point of view there should be a way to do this, but it would need a new transaction type, I guess. ( it should have to automatically transfer from address a (donator) -> address b (beneficiary) -> burn address, without the donator having to know the beneficiary's private key)
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
Please provide a URL that shows the total number of coins in real time.

http://www.slimcoin.club/#blkexp


Perhaps it would be useful to tell them in the "more information" section that the "Total Coins" value on slimcoin.club is the value of the "usable supply" (total coins minus total burnt coins minus burnt transaction fees), not the total coins generated. So they can be sure that this number is effectively what they need to calculate the market cap.

Also, the value of "Burned Coins" on slimcoin.club is a bit unclear: The value displayed there is nEffectiveBurnCoins (all coins "effectively" participating in the proof-of-burn process (not counting "decayed" coins)) and not the total burned coins. Total burnt coins - the balance of SfSLMCoinMainNetworkBurnAddr1DeTK5 - are actually about 611.000, plus the burnt transaction fees.

(@a123, if you are reading here: It would be cool to change the title of the parameter to "Effective Burned Coins". Perhaps you could add "Total Burned Coins" too. Thanks!)

All correct. This was simply the only available 'real time' stats. link for Slimcoin that I'm currently aware of. Have submitted it anyway.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Please provide a URL that shows the total number of coins in real time.

http://www.slimcoin.club/#blkexp


Perhaps it would be useful to tell them in the "more information" section that the "Total Coins" value on slimcoin.club is the value of the "usable supply" (total coins minus total burnt coins minus burnt transaction fees), not the total coins generated. So they can be sure that this number is effectively what they need to calculate the market cap.

Also, the value of "Burned Coins" on slimcoin.club is a bit unclear: The value displayed there is nEffectiveBurnCoins (all coins "effectively" participating in the proof-of-burn process (not counting "decayed" coins)) and not the total burned coins. Total burnt coins - the balance of SfSLMCoinMainNetworkBurnAddr1DeTK5 - are actually about 611.000, plus the burnt transaction fees.

(@a123, if you are reading here: It would be cool to change the title of the parameter to "Effective Burned Coins". Perhaps you could add "Total Burned Coins" too. Thanks!)
member
Activity: 60
Merit: 10
I am mostly a peercoiner but slimcoin has gotten my attention because of it being the first proof of burn currency, at first that was a slight curiosity but after trying it out I noticed one thing. Slimcoin has a much better incentive to keep a node online all the time than peercoin, in fact since I burned some coins my node has pretty much stayed up constantly. I dont want to turn it off because I would miss out on collecting (these admittedly almost worthless) tokens.
Although I have a peerbox (raspberry pi setup as a peercoin node that you can just download the image for and have a reasonable amount of confidence its secure) I use that as a kind of charity to have a node on the peercoin network but my minting machine almost never comes online: a few days every couple of months. This will change at some point when peercoin adopts a proof of stake model that is more like slimcoin's proof of burn: same block reward for anyone who gets a block but an increased chance of finding one if you have more stake.
Anyway, I was thinking of ways to increase adoption of slimcoin, not just to have people buying a few as a speculation but to actually have them burn some and become part of the network. My idea is this: change the protocol so that when you burn coins you can specify the burned coins to be associated with a different address instead of the one you burned from. This would allow me to send someone burned coins but it would not allow for the trading of burned coins. A faucet and reddit tip bot could be setup for people who would like to try minting with slimcoin and you could actually give people a decedent amount without worrying that they would immediately sell for their favorite currency.
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
From the OP:

"New Block Generation through Proof-of-Burn

Even a Raspberry Pi can competitively mine, fast hardware offers no advantage"


- http://www.raspberrypi.org/raspberry-pi-2-on-sale/

- Slimcoin - #Futurist !   Grin    Cool 
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
...

Doesn't this mean that a123 is reading here and is active again? That would be great news!

Glad that you got synced with the latest client.

Certainly some updates to the slimcoin.club website - so unless their is a 2nd admin. I guess a123 is still active.

We could do with fixing the pool and or getting a new one running if possible. Perhaps getting Slimcoin listed on coinmarketcap.com and another exchange will help to facilitate just that.

...

It's still remarkable that Slimcoin doesn't have a more active following. Slimcoin is now one of the only 'CPU only' coins potentially worth mining - after Magi.

legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF

Can someone help to answer this questions for CoinMarketCap.com registration?

What is the coin's official website?
slimcoin.club

Please provide a URL of the coin's official logo:
https://ip.bitcointalk.org/?u=https%3A%2F%2Fslimcoin.org%2Fimages%2Fmy_slimcoin.png&t=549&c=AICi28FKP0hADA

Please provide any other information that would be useful:
proof of burn whitepaper: slimcoin.org
announcement thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213  


Please provide a URL that shows the total number of coins in real time.
 Huh  ??  Huh

What is the coin's official website?
slimcoin.club

- Yes. http://slimcoin.club has the latest wallet download, updated nodes and a recent snapshot of the Slimcoin blockchain.

Which exchanges is it traded on? List all that apply.

https://bter.com/trade/slm_btc

Please provide a URL that shows the total number of coins in real time.

http://www.slimcoin.club/#blkexp

Please provide a URL of the coin's official logo:

Suggest:

https://github.com/gjhiggins/SLIMCoin/blob/slimcoin/src/qt/res/icons/slimcoin.png

Please provide any other information that would be useful.

The 1st known working implementation of PoB (Proof-of-Burn) block generation. Combining 3 block generation algorithm's being PoW, PoS and PoB.

Unique Dcrypt CPU mining algorithm designed to be both ASIC and Pool resistant.

Original Website: https://slimcoin.org/

Block Explorer: https://bchain.info/SLM/

White Paper: http://www.slimcoin.club/whitepaper.pdf

Bitcointalk.org announcement thread: https://bitcointalksearch.org/topic/ann-slimcoin-proof-of-burn-new-block-gen-mineable-by-low-power-computer-613213

...

Welcome to Slimcoin !
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