Why no block explorer? Is people buying into this thing without a block explorer? No way, people can't be that stupid. Sell your bags folks, no bex = no exchange pretty soon.
RIP silk
Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 111. (Read 289507 times)
January 06, 2015, 12:58:35 PM
January 06, 2015, 05:40:27 AM
just to say that wallet works fine on win 8.1 64 bit
it just gives an error at first start. Simply close and start again and it will sync flawlessly.
Great job devs!
it just gives an error at first start. Simply close and start again and it will sync flawlessly.
Great job devs!
January 06, 2015, 04:33:13 AM
I'd just like to say it does my heart good and does crypto a lot of good too having a badly mauled coin brought back to health by the community. 
It's such a change from what has become the norm these days. I saw the camel brought to it's knees and then rescued by loyalty and goodwill. It just feels good.
I hope the crypto world will see the camel as a kind of special case and resist the urge to casually dump on it. Give it a chance to get back to strength and it'll carry your bags and give you an interesting ride. For me, it's a silky symbol of hope. Marching on despite the odds.
(for the cynical among us, tissues available in the foyer)
It's such a change from what has become the norm these days. I saw the camel brought to it's knees and then rescued by loyalty and goodwill. It just feels good. I hope the crypto world will see the camel as a kind of special case and resist the urge to casually dump on it. Give it a chance to get back to strength and it'll carry your bags and give you an interesting ride. For me, it's a silky symbol of hope. Marching on despite the odds.
(for the cynical among us, tissues available in the foyer)
January 06, 2015, 04:29:14 AM
onwards and upwards guys...
January 06, 2015, 01:52:47 AM
There has to be a relationship between the interest rate, time needed to earn it and price possible when you want to sell a percentage. High interest is attractive but not of any use if dumpers and swing traders drop the price. Take a look at HYP. Making holders invest and wait 30 days seems worth thinking about.
Yes the wait will slow down dumpers . And only the real investor will stay . Check tek and hyp . Tek longer hold time lower int , better price , hyp less wait time higher rate = more dumpers
January 06, 2015, 01:46:06 AM
There has to be a relationship between the interest rate, time needed to earn it and price possible when you want to sell a percentage. High interest is attractive but not of any use if dumpers and swing traders drop the price. Take a look at HYP. Making holders invest and wait 30 days seems worth thinking about.
January 05, 2015, 06:56:59 PM
Please no 111%. 11% or less pls.
I don't understand why some people so afraid of 111% pos. Just look at HBN, CAP and others, all doing pretty well. 111% is not so high interest in a crypto world.
With 11% or less SILK will be worthless, 111% will attract new investors from pos community.
Personally I bought about 1 million SILK recently, and going to buy more only because it's going to be 111% PoS.
Yes to 111 or more , but increase the wait time to 10 days or more . Than only long term bag holders . Price upwards moving.
January 05, 2015, 06:11:44 PM
Please no 111%. 11% or less pls.
I don't understand why some people so afraid of 111% pos. Just look at HBN, CAP and others, all doing pretty well. 111% is not so high interest in a crypto world.
With 11% or less SILK will be worthless, 111% will attract new investors from pos community.
Personally I bought about 1 million SILK recently, and going to buy more only because it's going to be 111% PoS.
January 05, 2015, 05:47:48 PM
Please no 111%. 11% or less pls.
January 05, 2015, 01:23:23 PM
I'm syncing on Win 8.1 64bit
I had to format my pc.
I hope everything will work, I'll keep you updated
So far so smooth... so silk
I had to format my pc.
I hope everything will work, I'll keep you updated
So far so smooth... so silk
January 05, 2015, 11:44:11 AM
Sorry for being noobish, I didn't feel like digging through the posts. I've got a bunch of SILK from the original coin release, is it possible to reclaim these?
yes its still the same silk. just make sure to do a fresh install ie: delete everything but your wallet and run the new beta. youll also like have to do a repairwallet as 1.0.9.2 client wallets have found to be corrupted by the previous runtime issues.
Perfect, thanks!
January 05, 2015, 11:15:44 AM
Sorry for being noobish, I didn't feel like digging through the posts. I've got a bunch of SILK from the original coin release, is it possible to reclaim these?
yes its still the same silk. just make sure to do a fresh install ie: delete everything but your wallet and run the new beta. youll also like have to do a repairwallet as 1.0.9.2 client wallets have found to be corrupted by the previous runtime issues.
January 05, 2015, 11:13:54 AM
Soap box time:
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
no we are not 111% yet.
and yes there has to be a use for the extra perecentage of interest. which is yes planned.
the federal reserve prints money at will and releases it into supply at will. fiat is of course continually declining in value vs the cost of goods. for a long time now.
inflation is a scam and a trick. doesnt exist. only deflation of all fiat. which of course sustains an economy when balance and backed by military force... or perhaps not a scam at all.. maybe just the evolution of warfare. they say the pen is mightier then the sword. and of course the reserve writes cheques that are only backed by IOUs.. which of course are paid back by interest..
so in the realm of Cryptos.. viables currency? wheres that? suppose bitcoin is.. any alts? personally have not seen one anywhere.
there's lots of auto exchanges now.. payment processors.. but will Silk be used to buy fuel at a gas pump? a loaf of bread at the grocery store?
unlikely. will bitcoin? unlikely. only bet is that it will be exchanged for fiat and used via a payment processor with a pretty logo on a visa or debit card accepted at some places.
so what is the use of high percentage?
spreading nodes.. trade and stake game..
at the beginning.. which we haven't even come to yet. (-;
perhaps a descending rate over time as mentioned might be an option.
but as mentioned the coin hasn't been forked to 111% yet. why the price decrease? well. all Cryptos are falling I would think. grandmaster bitcoin below 300 now.
but is a debatable subject I'm sure.
I'm sorry tho mr. penguin I can't see where you were ridiculed in this thread. perhaps you misread something.
January 05, 2015, 10:41:26 AM
Sorry for being noobish, I didn't feel like digging through the posts. I've got a bunch of SILK from the original coin release, is it possible to reclaim these?
January 05, 2015, 07:16:02 AM
Look at the long-term trend for TEK (180 days).
It's steadily, incontrovertibly declining.
Unless demand for TEK outpaces the supply for TEK, it too will eventually peg at 1 sat.
Supply and demand is really not "my opinion".
Chances are that Silkcoin's value has been declining as investors sell in anticipation of it becoming a highly-inflationary currency.
Anyways, I raised a serious concern and was met with derisive responses that don't address the issue instead of a serious discourse.
I don't think this is the community for me.
Good luck, everyone.
It's steadily, incontrovertibly declining.
Unless demand for TEK outpaces the supply for TEK, it too will eventually peg at 1 sat.
Supply and demand is really not "my opinion".
Chances are that Silkcoin's value has been declining as investors sell in anticipation of it becoming a highly-inflationary currency.
Anyways, I raised a serious concern and was met with derisive responses that don't address the issue instead of a serious discourse.
I don't think this is the community for me.
Good luck, everyone.
Your original Post reads as though you thought the 111% was implemented already , my comments were not derisive and i was genuinely looking forward to hearing your opinions on the matter, but now i get you .. because its upcoming and your views are here above.
and like i said at the end of my post , because its not in the wallet yet you have plenty of time to discuss it here
, rest assured your comments have been read and digested Q
January 05, 2015, 01:28:23 AM
Look at the long-term trend for TEK (180 days).
It's steadily, incontrovertibly declining.
Unless demand for TEK outpaces the supply for TEK, it too will eventually peg at 1 sat.
Supply and demand is really not "my opinion".
Chances are that Silkcoin's value has been declining as investors sell in anticipation of it becoming a highly-inflationary currency.
Anyways, I raised a serious concern and was met with derisive responses that don't address the issue instead of a serious discourse.
I don't think this is the community for me.
Good luck, everyone.
It's steadily, incontrovertibly declining.
Unless demand for TEK outpaces the supply for TEK, it too will eventually peg at 1 sat.
Supply and demand is really not "my opinion".
Chances are that Silkcoin's value has been declining as investors sell in anticipation of it becoming a highly-inflationary currency.
Anyways, I raised a serious concern and was met with derisive responses that don't address the issue instead of a serious discourse.
I don't think this is the community for me.
Good luck, everyone.
January 04, 2015, 10:41:28 PM
Is there a real plan in place to ensure that demand out-paces 111%?
January 04, 2015, 08:42:33 PM
Soap box time:
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
111% has not been implemented yet.... so the flaw you see does not yet exist?
So yes you have plenty of time to voice your opinion but if you think its 111% pos thats keeping SILK at these prices i'm sorry you are incorrect.
I eagerly await your opinions.
Q
January 04, 2015, 07:03:25 PM
Soap box time:
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
Please take a good look at tek , at 500% for more than a year now Price @2900, only diff you need to keep it for 30days . We need change the wait time to 15 days . Than we should be alright , hyp another pos also not doing well , wait time to stake is 9days but at 750% price @200
January 04, 2015, 06:49:42 PM
Soap box time:
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
I think this is a necessary conversation to have if this coin is to survive.
Something needs to change or all the dev team/community's efforts will have been in vain.
This coin currently has one fatal (fixable) flaw:
Its annual inflation rate is 111%.
Remember that our staking rewards are inflation for this currency.
Staking rewards are necessary to carry the network, but they must be kept at a level that does not render the currency impractical via rapid price decline.
Because of the 111% annual inflation, the value will continue to decline over time.
Can you imagine if the Federal Reserve or other central bank's policy resulted in 111% inflation?
People would literally die over that.
I'm partly responsible for this. Maybe I should have voted a lot more times for 11%, but even 11% inflation will torpedo a currency.
Maybe I should have been more vocal about my concerns.
I know everyone wants more coins without paying for them, and staking seems like a great way to do that.
But what is the point in roughly doubling your number of coins each year if the value drops by 80+%? You still have less value at the end of the year.
If this isn't changed, the value will eventually peg at 1 sat.
In order for a currency to be useful as a currency, it must be relatively scarce and therefore hold value.
This cannot be achieved at 111% inflation.
Can we re-vote for staking rewards, and make it something that is a reasonable inflation rate again?
I figured I'd give it time before bringing it up, to allow the issue to become more obvious.
Have we learned our lesson yet?
/endrant
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