I bet this coin not last three years.
Just look at the current crypto market that would understand the whole picture.
In any case, good luck to the developer and to collect more Bitcoins for the next puppets coins
Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 40. (Read 289507 times)
December 20, 2015, 04:35:22 PM
2 billion coins in 150 years
I bet this coin not last three years.
Just look at the current crypto market that would understand the whole picture.
In any case, good luck to the developer and to collect more Bitcoins for the next puppets coins
I bet this coin not last three years.
Just look at the current crypto market that would understand the whole picture.
In any case, good luck to the developer and to collect more Bitcoins for the next puppets coins
December 20, 2015, 03:36:10 PM
DarkSilk has had the BIP30 checks removed which has led to a dramatic speed increase in syncing.
BIP34 is hardcoded.
SECP256K1 is also being implemented more thoroughly as well.
BIP34 is hardcoded.
SECP256K1 is also being implemented more thoroughly as well.
December 20, 2015, 02:34:48 PM
Excellent, you will be included in the OP when the new thread has started.
December 20, 2015, 01:56:16 PM
I'll put DarkSilk on superninjapool.tk at launch
December 20, 2015, 12:54:09 PM
I want to apologize for the confusion I caused concerning the total money supply cap of Silk. It is indeed 2,000,0000,0000 SLK and I have corrected the data as well as the corresponding graph. The whitepaper is now updated to reflect the true total supply of Silk as well as it's inflation as you can see below:
Updated Whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
.
I want to assure everyone that another oversight like this will not happen ever again.
Updated Whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
I want to assure everyone that another oversight like this will not happen ever again.
December 20, 2015, 11:32:13 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
This isn't the actual thread for the Silk Network, Silk, DarkSilk & Weaver.
This is the old Silkcoin thread where we are just posting info for now.
Once the code is ready and the graphics etc. are produced for the new OP and thread, then all the information you talk of will be available.
Currently the whitepaper is the source of information.
Here are the parameters:
Algorithm: Scrypt
Coin Suffix: DRKSLK
PoW Period: 42,002 Blocks
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 42 DRKSLK
Full Confirmation: 10 Blocks
Maturity: 42 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 2 DRKSLK Static PoS Reward
Minimum Confirmations for Stake: 420 Blocks
PoS Min: 4 Hours
PoS Max: Unlimited
Stormnode Collateral Amount: 42000 DRKSLK
Stormnode Min Confirmation: 10 Blocks
Stormnode Reward: 2 DRKSLK Static Reward
Budget Reward: 10,000 DRKSLK Static Reward Every 41,091 blocks (~once per month)
Budget Proposal Fee: 420 DRKSLK, 20 confirmations, First vote eligible in 20 blocks (~21 minutes).
Total Coins: 90,000,000 DRKSLK
Block Size: 50MB (50X Bitcoin Core)
Algorithm: Scrypt
Coin Suffix: SLK
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)
December 20, 2015, 11:19:11 AM
No unfortunately users don't seem to even know their own coin, even though they have invested in it and have been using for however long.
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever and people are aware of this, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever and people are aware of this, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
That there will be a limit on supply is understood.
It's just that it feels counter intuitive to have a MAX_MONEY that goes far beyond our own lifespan.
I shouldnt have doubted the 2billion number, but frankly im not really concerned with this
151 years for 200 million or by the same formula 2 billion in almost 2000 years.
what is important is the fixed increase of 2SLK per block at a blocktime of 64s, i don't think i will live to see either number
I took the 2 billion total supply from the original Silkcoin as it is a relaunch/replacement. No one ever voiced to reduce the supply, however, PoS rewards have been changed and reduced.
I will get Greg to redo the graph and update where is needed accordingly.
December 20, 2015, 11:16:16 AM
No unfortunately users don't seem to even know their own coin, even though they have invested in it and have been using for however long.
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever and people are aware of this, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever and people are aware of this, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
That there will be a limit on supply is understood.
It's just that it feels counter intuitive to have a MAX_MONEY that goes far beyond our own lifespan.
I shouldnt have doubted the 2billion number, but frankly im not really concerned with this
151 years for 200 million or by the same formula 2 billion in almost 2000 years.
what is important is the fixed increase of 2SLK per block at a blocktime of 64s, i don't think i will live to see either number
December 20, 2015, 10:31:01 AM
No unfortunately users don't seem to even know their own coin, even though they have invested in it and have been using for however long.
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin, 2 billion coins ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
Silkcoin code (old Silkcoin):
static const int64_t MAX_MONEY = 2000000000 * COIN;
2 billion coins.
Sadly I think Greg did his math based on 200,000,000 coins which is incorrect, Greg has only joined in the last few days and doesn't have any previous dealings with Silkcoin, so he isn't to blame.
New Silk code:
static const int64_t MAX_MONEY = 2000000000 * COIN; // 2,000,000,000 Total SLK
^^^ Same as the old Silkcoin, 2 billion coins ^^^
The code is open-source for a reason. Look at main.h of the majority of altcoins and you will see the MAX_MONEY value.
OrsonJ, please understand the difference between MAX_MONEY and the total coins that are CURRENTLY in circulation. There are ~44 million Silkcoin in circulation and 2,000,000,000 total is the max amount that can EVER be produced.
Not being rude, not directed at you OrsonJ, but I have had to answer this question over and over and over again.
I find it a bit odd that people are aware that Bitcoin will only ever have a certain amount of coins ever, but when it comes to altcoins that understanding seems to fly out of the window.
It is a bit worrying that there are a huge amount of people investing in something they do not fully understand. In fact this is very worrying.
I offered a Skype call with everyone and a Google+ hangout but no one attended, it is quite obvious that people have questions and also need teaching and guidance.
Oh and yes, I have just woken up, wish I had never gone to sleep lol
December 20, 2015, 08:30:27 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
There will be a total of 90,000,000 DarkSilk and 2,000,000,000 Silk.
Here is the whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
Why 2 billion silk when there's only currently 43 million silkcoin?
It has a static increase. Inflation rate is about 2% per year and decreasing.
it will take 151 years to reach 2 billion coins
correction paper says 200mln in 151 years
if the supply is capped at 2 billion coins that would take 1984 years. i can wait for that
Yes, Silk is 200 million, not 2 billion. Sorry about that.
December 20, 2015, 07:52:41 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
There will be a total of 90,000,000 DarkSilk and 2,000,000,000 Silk.
Here is the whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
Why 2 billion silk when there's only currently 43 million silkcoin?
It has a static increase. Inflation rate is about 2% per year and decreasing.
it will take 151 years to reach 2 billion coins
correction paper says 200mln in 151 years
if the supply is capped at 2 billion coins that would take 1984 years. i can wait for that
December 20, 2015, 07:31:43 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
There will be a total of 90,000,000 DarkSilk and 2,000,000,000 Silk.
Here is the whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
Why 2 billion silk when there's only currently 43 million silkcoin?
December 20, 2015, 06:54:48 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
There will be a total of 90,000,000 DarkSilk and 200,000,000 Silk.
Here is the whitepaper: https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
December 20, 2015, 05:19:26 AM
So how many coins in your system? on the first page of this forum there is no information about the algorithm and the number of coins in the system.
Only bright pictures.
Only bright pictures.
December 19, 2015, 10:10:20 PM
The sand rumbles. Damn I love that. All of you have no idea what is in store. Ha. Better get with the program before you are left in the dust. You heard it here on December 19th, 2015.
December 19, 2015, 02:19:27 PM
The Silk Network WhitePaper December 2015 has been released on Slack.
Just PM your email to gain access to the Slack group.
Just release it here...Just PM your email to gain access to the Slack group.
https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
Hope you find the whitepaper informative.
Wow! Awesome job, team! I didn't realize there's four active devs on this project. Very impressive
Currently reviewing the paper and developing a list of questions I'd like clarification on. Will post once complete.
Keep up the great work! The future is going to be very exciting
Looking forward to the questions and answering them all for you
December 19, 2015, 01:51:36 PM
The Silk Network WhitePaper December 2015 has been released on Slack.
Just PM your email to gain access to the Slack group.
Just release it here...Just PM your email to gain access to the Slack group.
https://www.dropbox.com/s/8r2g16ls5ug7eop/Silk%20Network%20Whitepaper%20December%202015.pdf?dl=0
Hope you find the whitepaper informative.
Wow! Awesome job, team! I didn't realize there's four active devs on this project. Very impressive
Currently reviewing the paper and developing a list of questions I'd like clarification on. Will post once complete.
Keep up the great work! The future is going to be very exciting
December 19, 2015, 12:28:27 PM
Today I am assessing online cryptographic based systems/platforms, exchanges, services and their respective fees they charge users.
On top of this information I will be taking the Silk Network hosting costs etc. into account. This will allow me to finalise the fees within Weaver and update the whitepaper accordingly.
As the user base and use grows on Weaver, fees will be reduced across ALL account accordingly. This will be a yearly review.
Also an analytic paper is currently being written by Gregory Betz:
1. DarkSilk; Fully in-depth including ROI on Stormnodes, this will then let us gauge the pricing for hosting and leasing and adjust accordingly.
2. Silk; Again fully in depth, but also with comparisons to Silkcoin if we hadn't of done the swap and left it with its original parameters.
Please bear in mind DarkSilk is based on fact and theory because it hasn't hit market and attained a price.
However Gregory will be using econometric techniques to forecast ROI and prices with as little margin of error as possible, given the volatility of all the variables involved.
On top of this information I will be taking the Silk Network hosting costs etc. into account. This will allow me to finalise the fees within Weaver and update the whitepaper accordingly.
As the user base and use grows on Weaver, fees will be reduced across ALL account accordingly. This will be a yearly review.
Also an analytic paper is currently being written by Gregory Betz:
1. DarkSilk; Fully in-depth including ROI on Stormnodes, this will then let us gauge the pricing for hosting and leasing and adjust accordingly.
2. Silk; Again fully in depth, but also with comparisons to Silkcoin if we hadn't of done the swap and left it with its original parameters.
Please bear in mind DarkSilk is based on fact and theory because it hasn't hit market and attained a price.
However Gregory will be using econometric techniques to forecast ROI and prices with as little margin of error as possible, given the volatility of all the variables involved.
December 19, 2015, 10:02:45 AM
The new DarkSilk splashcreen looks pretty awesome!
Pretty dark (black) too.
I can't believe you people are still around you were dead and reborn quite a few times! Is this just another life or it's life?
Will try to follow if I can.
I remember I bought and trade some silkcoin when it was still SC on bittrex... it seemed a very nice coin.
It is a very nice coin
and with the new DarkSilk they will be even nicer
I too think the Splashscreen it's a bit dark
like bhokor said enhancing the contrast between the embossed scorpion and the background will do
I also do think the splash screen is not visually appealing to the eye. Maybe if you were to do something a little more simpler, it just seems like there is too much going on there. Especially the bars sticking out from the side.
Just my two cents.
I've spoken to the graphic designer to increase the contrast. Awaiting results.
December 19, 2015, 09:39:22 AM
The new DarkSilk splashcreen looks pretty awesome!
Pretty dark (black) too.
I can't believe you people are still around you were dead and reborn quite a few times! Is this just another life or it's life?
Will try to follow if I can.
I remember I bought and trade some silkcoin when it was still SC on bittrex... it seemed a very nice coin.
It is a very nice coin
and with the new DarkSilk they will be even nicer
I too think the Splashscreen it's a bit dark
like bhokor said enhancing the contrast between the embossed scorpion and the background will do
I also do think the splash screen is not visually appealing to the eye. Maybe if you were to do something a little more simpler, it just seems like there is too much going on there. Especially the bars sticking out from the side.
Just my two cents.
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