Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 10. (Read 289496 times)

Don't forget, the total circulation of DRKSLK will be very small in comparison with actual total supply.  Same goes for SLK... The total supplies will take generations and generations to hit!  Aka, you'll be long dead before the supply even hits 1/4 of maximum...   

THANK you for the previous information.  BUT this still remains not clear.  The swap is infinite.  But also they said the swap is for 30 days.  There is no talking about poloniex here. Only talking about the weaver.  So is this infinite swap or 30 day swap and will current holders be informed when this takes place?
  Is there not a website to explain this informations? I do like reading but there is conflict of the definition here.

 I am not concerned with the Dark silkcoin.  Only the silkcoin i have purchased on poloniex.  How am i to ensure my fund validity? When will poloniex make this announcement that the coins they are selling must be moved to another exchange in order to use them?

So is the chain starting from zero with SLK?

Yes, well, block 1, we lost block 0 (Genesis) that had no coins in it.

There will in theory be a large amount of SILK lost during the transition(stuff in cryptsy, unclaimed polo addresses etc), so will the projected amount of SLK available at launch be much less than SILK that exists now?

We will snapshot the amount of Silkcoin (SILK) in circulation just prior to the launch of Silk (SLK), addresses attaining Silkcoin (SILK) after the will not be eligible for the swap. The swap is indefinite to start with as we know there are a lot of holders of Silkcoin (SILK) that will come out of the woodwork down the road, some of which could be large investors and we do not want to see anyone losing any investment or time.

Short answer, the same as the amount of Silkcoin in circulation as at the point of launch of Silk.

Also what is the purpose of SLK if DRKSLK is basically a better coin in all ways?  It seems like you more or less built a coin from scratch with the amount of work youve put into it, and then attached it to the SILK network/name because of its community/name/price, and as an entry point into weaver, which is essentially a centralized platform, yes?  Do weaver fees go to nodes processing the transactions/performing services or do they go to the dev crew to maintain the weaver platform?

The purpose is to provide a network that encapsulates two cryptographic currencies sharing a safe platform that is trusted and are trusted. Silk will be developed further, with Stormnodes, Smart Contracts and more. Weaver is a centralised site that utilises decentralised services. Transactions and messaging are decentralised and handled by either the Bitcoin, DarkSilk or Silk networks. If the fees are for transactions from a DarkSilk wallet to another DarkSilk wallet (same for BTC and SLK) the fees are that of the networks which goes to the nodes, plus a withdrawal fee which goes towards the funding of Weaver.

Our aim is to decentralise the entire Weaver platform into both DarkSilk and Silk directly and onto the blockchain. We do not like centralisation in any form as much as the next user.

Should I look at SLK as a quick and easy-to-use payment method, and DRKSLK as more of an in-depth service layer?

I would say that SLK is an easy gateway for users to start using and being a part of the Silk Network and DRKSLK is for the advanced user and as you put it, "an in-depth service layer", as such.
 

Nice and easily.

1. Deposit your Silkcoin (SILK) to your Weaver online wallet.
2. Enter the Swap section of Weaver.
3. Select the amount of Silkcoin (SILK) to swap 1:1 with Silk (SLK) and submit.
4. Your Weaver wallet will be credited with Silk (SLK).

Silk is ready in terms of styling and splashscreen, code is also all done except for watch only addresses within the GUI. The watch only address feature is something that no one has within their GUI and has been worked on by Alistair (Infernoman) and credit must go to him and his hard work.

DarkSilk just needs a few fixes carried out and the marketplace adding to the codebase, along with the other items in the list posted above. The team is really happy with the work carried out and being carried out.

Weaver is still under development...this is something of course that will never truly end, with your input and suggestions we hope to create an enterprise platform for users of the Silk Network that wil grow and adapt for years to come. Currently security for users is our key concern with optional user pins and 2FA implemented recently. The web address for Weaver will be https://weaver.silknetwork.org and the first time people will see the platform will be when we open for user registrations in preparation for the Silkcoin to Silk swap.

Now we all know you all want timeframes. Here is the plan. Get DarkSilk finished and Weaver functional. Silk is effectively ready. DarkSilk should take a maximum of 4-6 weeks to be finalised. This means we are aiming for a March launch for Silk if not before, if everything goes smoothly without finding more errors along the way. DarkSilk then would be launched in April. The Crowdsale would then happen with full Weaver functionality aimed for April/May. At this point we would then be working on new features set out by ourselves and suggestions put forward by the community.

In the long term we will be looking to have Silk and DarkSilk work off of each other, in both a blockchain and real world sense. Price stability and distribution being the key focal point. This is something that has been planned, worked upon and will be set into action. This is a currency we want all Bitcoin users to be questioning to switch to, altcoin users to use without question and new adopters to choose over all others.

Silk will be still pure PoS, it will have 10000 blocks of PoW at the start of the new chain but these blocks give a 0 block reward and simply allow the chain to progress into PoS smoothly.

Coin Suffix: SLK
Algorithm: Scrypt
PoW Period: 10,000 Blocks
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 0 SLK
Full Confirmation: 10 Blocks
Maturity: 350 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 2 SLK Static PoS Reward
Minimum Confirmations for Stake: 350 Blocks
PoS Min: 12 Hours
PoS Max: Unlimited
Total Coins: 2,000,000,000 SLK
Block Size: 2MB (2X Bitcoin Core)

DarkSilk will be PoW and PoS. PoW will be Argon2d, GPU mineable and without restriction in terms of time or blocks. PoS will be using the Blake2B algorithm.

Coin Suffix: DRKSLK
PoW Algorithm: Argon2d
PoW Period: Unlimited
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 1 DRKSLK
Full Confirmation: 10 Blocks
PoS Algorithm: Blake2B
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 0.1 DRKSLK Static PoS Reward
PoS Stake Split Combined Threshold: 500 DRKSLK
Maturity: 100 Blocks (~100 minutes)
Minimum Confirmations for Stake: 1440 Blocks (~1 day)
PoS Min: 1 Hour
PoS Max: Unlimited
Stormnode Collateral Amount: 10000 DRKSLK
Stormnode Min Confirmation: 10 Blocks
Stormnode Reward: 0.25 DRKSLK Static Reward
Budget Reward: 10,000 DRKSLK Static Reward Every 41,091 blocks (~30 days)
Budget Proposal Fee: 100 DRKSLK, 20 confirmations (~20 minutes)
Total Coins: 90,000,000 DRKSLK (~105 years)
Block Size: 20MB (20X Bitcoin Core)

Do ignore 'Block Size:' as they are not final.

What are the specs for the New Silk? Will it be of the same current? It is good you have already finalised this with Poloniex regarding the swapping.   I have never since seen two markets of the same coin on this exchange.

Hello and thank you for your responsives.  I would like to ask how the Silkcoin to Silkcoin swap will then happen? Will you be working with poloniez? I have purchased my coins from this exchange.  If not working with poloniex what will happen to all the leftover silkcoins that are left on poloniex? I read that you plan to use the reaver for swapping? Will this not cause problem with 2 chains of coins? What will happen to my silkcoins in poloniex?

Because we feel we have solved the ultimate issue, stability, if we start talking about the ins and outs of the exact workings, everyone will copy.

Thanks for taking the time to respond to my concerns. With the features you mention in the commit, are any exclusive to SILK or does DarkSilk have them too? What I'm sort of struggling with, and it seems like others are too now, is how the "feedback loop" you mentioned will work. Specifically how SILK will factor into it and what will power the loop on its side. You've given us a lot of detail about technical aspects of DarkSilk but when it comes to how SILK will factor in or what incentives there will be for anyone to use SILK you become uncharacteristically vague. If there's going to be a feedback loop of sorts how do you see it working? Or if you can't explain in detail at the present moment could you at least explain why?

My last commit to Silk was three days ago. Watch-Only, MultiSig Addresses, CheckLockTimeVerify and more. The new Silk is not just a send and receive coin.

But obviously it is hidden snuggly away in a sand dune where no prying eyes can fork it

Silk, DarkSilk and Weaver are integral to each other. The system itself is almost like a feedback loop, self perpetuating. A lot of thought has gone into this.

On top of that and the foundation of code we will be begin with, the growth, development, direction and improvements to Silk and DarkSilk will be continual.

There is also no reason why we cannot sell DarkSilk at a better rate for SILK than for BTC in the crowdsale.

My personal feeling towards Silkcoin is that it needs an honest and public team behind it, with the same direction and purpose in their work. It has had a dubious past and it is time to clean that up. Since MintPal, the original developers, The Silk Road Marketplace and Ross Ulbrichts imprisonment, the name Silkcoin has been linked synonymously with illegal operations, scams, dumps, mistrust and misdirection.

Those times are over.

Well, it should say what use SLK will be, why would anyone hold the coins if we cant know what use they will be for more then swaping coins? Makes no sense to hold that back if thats whats happening.