Foundations for DarkSilk and Silkcoin should be setup respectively.
Would be cool to have a voting system
Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 73. (Read 289507 times)
September 19, 2015, 11:54:24 AM
Foundations for DarkSilk and Silkcoin should be setup respectively.
Would be cool to have a voting system
September 19, 2015, 11:43:13 AM
So let's say I have some doge and I want some drkslk. I go to the weaver and swap my doge for drkslk. Now the "weaver" has the doge and needs to sell the doge for btc to get funds to stabilize the silk price. Who controls the weaver?
Or it could keep the Doge if it speculates to go up.
Or it could auto sell to BTC then Buy Silk to burn and push the price.
I have no deep knowledge of the weaver. Maybe it is an automated system, maybe it is in control by a few trustees.
Im just brainstorming
And what's the driving force behind this machine? I mean, i like this machine because it will increase the value of silk, but why? Why will someone want to swap for drkslk? And what use-case is that? And if I'm going through all this because I really want drkslk why don't you just list it on the exchange for everybody to buy?
Let's be honest, we're building drkslk to help recover the investments of people who bought silk. If we feel like there will be a large demand for drkslk why don't we just burn our silk for drkslk upon launch and watch the price of drkslk rise?
- the devil's advocate
September 19, 2015, 11:23:58 AM
edited
September 19, 2015, 11:18:13 AM
I like where you're going with this. So for this to work you would not be able to buy drkslk on an exchange, is that right?
Correct
How is the "stabilization fund" funded?
influx of third party cryptocurrencies.
If a third party cryptocurrency wants to join the weaver their coins(the users) will be 'swapped'.
DarkSilk will be created and the influx of the third party coin will be used for the fund. (its basically purchasing through the weaver)
The fund is stored for later use, or used automaticly to buy up Silk and get it Burned.
This is necessary because we would have dramatic inflation on the system otherwise.
To postpone the latter process gives room for profit and speculation. But also human error.
To burn directly removes oppertunity but also the room for error. Of course a clever man might come up with clever ways... enough to think about.
So let's say I have some doge and I want some drkslk. I go to the weaver and swap my doge for drkslk. Now the "weaver" has the doge and needs to sell the doge for btc to get funds to stabilize the silk price. Who controls the weaver?
Foundations for DarkSilk and Silkcoin should be setup respectively.
and so shall it be http://darksilkfoundation.org/
September 19, 2015, 11:13:22 AM
I like where you're going with this. So for this to work you would not be able to buy drkslk on an exchange, is that right?
Correct
How is the "stabilization fund" funded?
influx of third party cryptocurrencies.
If a third party cryptocurrency wants to join the weaver their coins(the users) will be 'swapped'.
DarkSilk will be created and the influx of the third party coin will be used for the fund. (its basically purchasing through the weaver)
The fund is stored for later use, or used automaticly to buy up Silk and get it Burned.
This is necessary because we would have dramatic inflation on the system otherwise.
To postpone the latter process gives room for profit and speculation. But also human error.
To burn directly removes oppertunity but also the room for error. Of course a clever man might come up with clever ways... enough to think about.
So let's say I have some doge and I want some drkslk. I go to the weaver and swap my doge for drkslk. Now the "weaver" has the doge and needs to sell the doge for btc to get funds to stabilize the silk price. Who controls the weaver?
Foundations for DarkSilk and Silkcoin should be setup respectively.
September 19, 2015, 11:00:05 AM
I like where you're going with this. So for this to work you would not be able to buy drkslk on an exchange, is that right?
Correct
How is the "stabilization fund" funded?
influx of third party cryptocurrencies.
If a third party cryptocurrency wants to join the weaver their coins(the users) will be 'swapped'.
DarkSilk will be created and the influx of the third party coin will be used for the fund. (its basically purchasing through the weaver)
The fund is stored for later use, or used automaticly to buy up Silk and get it Burned.
This is necessary because we would have dramatic inflation on the system otherwise.
To postpone the latter process gives room for profit and speculation. But also human error.
To burn directly removes oppertunity but also the room for error. Of course a clever man might come up with clever ways... enough to think about.
So let's say I have some doge and I want some drkslk. I go to the weaver and swap my doge for drkslk. Now the "weaver" has the doge and needs to sell the doge for btc to get funds to stabilize the silk price. Who controls the weaver?
September 19, 2015, 10:36:26 AM
edited
September 19, 2015, 10:31:10 AM
How is the "stabilization fund" funded?
September 19, 2015, 10:27:09 AM
Seems to me we want to reproduce the same old system
Gold -> our beloved SILK
Currency -> new DRKSLK
Am I correct?
Is this a way to have DRKSLK backed by the old one?
Otherwise I don't see the point of this.
Gold -> our beloved SILK
Currency -> new DRKSLK
Am I correct?
Is this a way to have DRKSLK backed by the old one?
Otherwise I don't see the point of this.
More the other way around.
What I wrote is indeed a reproduction with cryptotechnology. But the way the model is set up means that DarkSilk hides behind a facade which is Silk; a clean currency backed by the use cases of DarkSilk which only operates within the communities network.
I see no problem with the same old system other then obscurity of centralized control and transparency of local ownership.
Better to have transparent decentralized control and obscured local ownerhip.
That, in my eyes, would be a big leap. Not despite of the similarities but because of them.
I like where you're going with this. So for this to work you would not be able to buy drkslk on an exchange, is that right?
September 19, 2015, 09:44:23 AM
edited
September 19, 2015, 09:07:27 AM
Seems to me we want to reproduce the same old system
Gold -> our beloved SILK
Currency -> new DRKSLK
Am I correct?
Is this a way to have DRKSLK backed by the old one?
Otherwise I don't see the point of this.
Gold -> our beloved SILK
Currency -> new DRKSLK
Am I correct?
Is this a way to have DRKSLK backed by the old one?
Otherwise I don't see the point of this.
September 19, 2015, 05:56:23 AM
In this example the Scorpion really fits DarkSilk that is buried deep within.
Same for the burning of Silk as a rising Phoenix increasing its price.
Or the conquering eagle for the Weaver to bring in other reputable cryptographic currencies!
Same for the burning of Silk as a rising Phoenix increasing its price.
Or the conquering eagle for the Weaver to bring in other reputable cryptographic currencies!
September 18, 2015, 06:54:56 PM
edited
September 18, 2015, 05:47:14 PM
Anyone testing the wallet please download the source and rebuild.
Make sure to delete all the data in the hidden .darksilk folder.
Make sure to delete all the data in the hidden .darksilk folder.
September 18, 2015, 05:44:19 PM
September 18, 2015, 03:49:09 PM
September 18, 2015, 02:24:10 PM
^^^ that's it?? c'mon man why don't you do something around here
September 18, 2015, 01:38:49 PM
My life right now.....
September 18, 2015, 12:56:08 PM
The last three nodes will be Europe, America, Asia i.e. Paris/New York/Japan but currently I have been limited to 6 nodes.
I am in contact with support again.
September 18, 2015, 12:01:28 PM
Ticket HNB-457BB has been updated by Jeff Benfer [staff].
Hello,
The VPS limit on your account has been raised. You should be able to create new instances now.
Jeff Benfer
Systems Administrator
To update or check the progress of your ticket, please login to https://my.vultr.com/support/ or reply directly to this e-mail.
Thank you for using Vultr.com
Follow us on Twitter!
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Hello,
The VPS limit on your account has been raised. You should be able to create new instances now.
Jeff Benfer
Systems Administrator
To update or check the progress of your ticket, please login to https://my.vultr.com/support/ or reply directly to this e-mail.
Thank you for using Vultr.com
Follow us on Twitter!
https://twitter.com/vultr
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