Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 12. (Read 289506 times)

Quote from: drizzle2405 on March 20, 2016, 09:15:35 AM

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

WIll DRKSLK be available as a 1:1 ratio with SLK for the ICO?

I think that was the plan if I'm not mistaken.

You are mistaken. DRKSLK will not be available at a 1:1 ratio in the ICO for SILK or SLK.

The only swap ratio of 1:1 will be between SILK & SLK via the swap function on Weaver.

Sorry, I misread nzminer's post. I thought he was asking about the swap between SILK & SLK.

No problem Wink

SLievensDRKSLK

hero member

Activity: 490

Merit: 500

CTO - Silk Network

Quote from: SLievensDRKSLK on March 19, 2016, 07:21:17 PM

Quote from: ?? on ??

Quote from: Jocuserious on March 19, 2016, 02:21:19 PM

Repost. There are also a lot of other awesome posts contained in the previous pages of this thread. I post this because I remembered the conversation about supply.

Quote from: quantumgravity on December 21, 2015, 02:21:54 AM

Here is an updated graph to show the total money supply of Silk as well as the inflation rate:

Each black bar represents one decade of Silk money supply creation. The white curve shows the change in the inflation rate over time. 44,000,000 SLK will be the initial money supply. Each year, because of the static PoS block reward of 2 SLK, only 986,175 SLK will be minted. The total money supply of Silk is hardcoded to 2 billion SLK and the network should reach that supply in about 1984 years.

After the first year, the inflation rate will be 2.145%. By year 10, the inflation rate will have dropped to 1.831%. As you can tell from the graph, the function that produces the inflation rate curve is negatively hyperbolic, and it converges, over time, to ~0.0493% inflation per year.

Hopefully, this clears up any confusion about the supply of Silk. Please do not hesitate to ask any and all questions you may have here, in a PM, or on the Silk Network Slack Group.

A more detailed analysis; including extensive data, forecasting, graphs, (and more!), of the Silk Network will be included in a forthcoming paper that I am currently writing to be released before the end of 2015.

Quote from: SLievensDRKSLK on March 20, 2016, 06:39:10 AM

This is still one of the best posts, hey people before you freak out with the money supply, make sure you read!, it's only going to take 1984 years to hit the maximum supply... lol... only... Seriously a perfect inflation rate...

Sarcasm?

May have come off that way, but no, not sarcasm. The inflation rate is perfect. Most people don't read the fine lines and when they see 2 billion max supply, they might freak. Just trying to say, don't freak out, read the facts and you will understand.

Cool, you can see how your previous message could be read.

pgb

full member

Activity: 212

Merit: 100

Quote from: pgb on March 20, 2016, 06:31:49 AM

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

WIll DRKSLK be available as a 1:1 ratio with SLK for the ICO?

I think that was the plan if I'm not mistaken.

You are mistaken. DRKSLK will not be available at a 1:1 ratio in the ICO for SILK or SLK.

The only swap ratio of 1:1 will be between SILK & SLK via the swap function on Weaver.

Sorry, I misread nzminer's post. I thought he was asking about the swap between SILK & SLK.

Orestes

sr. member

Activity: 441

Merit: 251

Quote from: SLievensDRKSLK on March 19, 2016, 07:21:17 PM

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

Will DRKSLK be available as a 1:1 ratio with SLK for the ICO?

No DRKSLK will be available at market price. You will be able to use the weaver to swap SLK for DRKSLK just like you would be able to use BTC for DRKSLK but DRKSLK will be priced by the market. DRKSLK and SLK are both independent coins and im looking forward to see them both thriving Cool

drizzle2405

legendary

Activity: 1148

Merit: 1000

Quote from: ?? on ??

Quote from: Jocuserious on March 19, 2016, 02:21:19 PM

Repost. There are also a lot of other awesome posts contained in the previous pages of this thread. I post this because I remembered the conversation about supply.

Quote from: quantumgravity on December 21, 2015, 02:21:54 AM

Here is an updated graph to show the total money supply of Silk as well as the inflation rate:

Each black bar represents one decade of Silk money supply creation. The white curve shows the change in the inflation rate over time. 44,000,000 SLK will be the initial money supply. Each year, because of the static PoS block reward of 2 SLK, only 986,175 SLK will be minted. The total money supply of Silk is hardcoded to 2 billion SLK and the network should reach that supply in about 1984 years.

After the first year, the inflation rate will be 2.145%. By year 10, the inflation rate will have dropped to 1.831%. As you can tell from the graph, the function that produces the inflation rate curve is negatively hyperbolic, and it converges, over time, to ~0.0493% inflation per year.

Hopefully, this clears up any confusion about the supply of Silk. Please do not hesitate to ask any and all questions you may have here, in a PM, or on the Silk Network Slack Group.

A more detailed analysis; including extensive data, forecasting, graphs, (and more!), of the Silk Network will be included in a forthcoming paper that I am currently writing to be released before the end of 2015.

Quote from: pgb on March 20, 2016, 06:31:49 AM

This is still one of the best posts, hey people before you freak out with the money supply, make sure you read!, it's only going to take 1984 years to hit the maximum supply... lol... only... Seriously a perfect inflation rate...

Sarcasm?

May have come off that way, but no, not sarcasm. The inflation rate is perfect. Most people don't read the fine lines and when they see 2 billion max supply, they might freak. Just trying to say, don't freak out, read the facts and you will understand.

SLievensDRKSLK

hero member

Activity: 490

Merit: 500

CTO - Silk Network

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

WIll DRKSLK be available as a 1:1 ratio with SLK for the ICO?

I think that was the plan if I'm not mistaken.

You are mistaken. DRKSLK will not be available at a 1:1 ratio in the ICO for SILK or SLK.

The only swap ratio of 1:1 will be between SILK & SLK via the swap function on Weaver.

pgb

full member

Activity: 212

Merit: 100

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

WIll DRKSLK be available as a 1:1 ratio with SLK for the ICO?

I think that was the plan if I'm not mistaken.

nzminer

legendary

Activity: 1918

Merit: 1001

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

WIll DRKSLK be available as a 1:1 ratio with SLK for the ICO?

Orestes

sr. member

Activity: 441

Merit: 251

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

The old Silkcoins will be swappable 1:1 for the new Silk SLK.
This will happen 1 month prior to the DarkSilk DRKSLK ICO.
When will DarkSilk be released? When its done!

There will be two sets of coins SLK and DRKSLK, the benefit of heaving two independent coins instead of just one has yet to be disclosed.
There are no set dates to ensure development is not hastened by community pressure.

Vagnavs

legendary

Activity: 1121

Merit: 1003

Quote from: Jocuserious on March 19, 2016, 02:21:19 PM

I think there was talk of an ICO. When will this be going on if so?
That along with a coin swap, what would be the swap ratio? 1:1 Etc.

Could someone answer my questions? Thank you

SLievensDRKSLK

hero member

Activity: 490

Merit: 500

CTO - Silk Network

Quote from: ?? on ??

Repost. There are also a lot of other awesome posts contained in the previous pages of this thread. I post this because I remembered the conversation about supply.

Quote from: quantumgravity on December 21, 2015, 02:21:54 AM

Here is an updated graph to show the total money supply of Silk as well as the inflation rate:

Each black bar represents one decade of Silk money supply creation. The white curve shows the change in the inflation rate over time. 44,000,000 SLK will be the initial money supply. Each year, because of the static PoS block reward of 2 SLK, only 986,175 SLK will be minted. The total money supply of Silk is hardcoded to 2 billion SLK and the network should reach that supply in about 1984 years.

After the first year, the inflation rate will be 2.145%. By year 10, the inflation rate will have dropped to 1.831%. As you can tell from the graph, the function that produces the inflation rate curve is negatively hyperbolic, and it converges, over time, to ~0.0493% inflation per year.

Hopefully, this clears up any confusion about the supply of Silk. Please do not hesitate to ask any and all questions you may have here, in a PM, or on the Silk Network Slack Group.

A more detailed analysis; including extensive data, forecasting, graphs, (and more!), of the Silk Network will be included in a forthcoming paper that I am currently writing to be released before the end of 2015.

Quote from: quantumgravity on December 21, 2015, 02:21:54 AM

This is still one of the best posts, hey people before you freak out with the money supply, make sure you read!, it's only going to take 1984 years to hit the maximum supply... lol... only... Seriously a perfect inflation rate...

Sarcasm?

Jocuserious

sr. member

Activity: 1936

Merit: 290

Repost. There are also a lot of other awesome posts contained in the previous pages of this thread. I post this because I remembered the conversation about supply.

Here is an updated graph to show the total money supply of Silk as well as the inflation rate:

Each black bar represents one decade of Silk money supply creation. The white curve shows the change in the inflation rate over time. 44,000,000 SLK will be the initial money supply. Each year, because of the static PoS block reward of 2 SLK, only 986,175 SLK will be minted. The total money supply of Silk is hardcoded to 2 billion SLK and the network should reach that supply in about 1984 years.

After the first year, the inflation rate will be 2.145%. By year 10, the inflation rate will have dropped to 1.831%. As you can tell from the graph, the function that produces the inflation rate curve is negatively hyperbolic, and it converges, over time, to ~0.0493% inflation per year.

Hopefully, this clears up any confusion about the supply of Silk. Please do not hesitate to ask any and all questions you may have here, in a PM, or on the Silk Network Slack Group.

A more detailed analysis; including extensive data, forecasting, graphs, (and more!), of the Silk Network will be included in a forthcoming paper that I am currently writing to be released before the end of 2015.