Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P] - page 9. (Read 289517 times)

Ok by price stability model do you mean there will be a set exchange rate for coin swaps? Or will the market control the price swap to a certain degree?  I hope this can be answered without giving away information.

If the exchange rate is governed, it would set a stable price for SLK/DRKSLK ration correct?

So, Silk, why should I buy it? What's the point if DarkSilk is a "better" coin? What is so good about Silk to make me want to invest?

Well, as I said previously, I can't let the whole cat out of the bag, but, I will let you see the tail.

As we all know Silkcoin is a technical mess, Silk will fix this with a functioning blockchain which is easily synced and features within Silk will differ to DarkSilk and vice versa, bringing use for both cryptocurrencies underneath the Silk Network banner.

For instance, DarkSilk will contain the decentralised marketplace, it will also accept Silk for the goods sold within the marketplace. Smart contracts for the DarkSilk and Silk network will be handled within the Silk wallet and payments again can be in Silk or DarkSilk. This type of service distribution between the two cryptocurrencies will in turn increase use of both and also the trade between the two cryptocurrencies.

Now Weaver, as we all know is an enterprise platform offering pretty much all the needs of an entry-level or high-end user of cryptographic currencies. Weaver is also the central hub of the Silk Network. The aim of this is to be completely decentralised using blockchain technologies, direction and changes voted upon on the DarkSilk governance platform using Stormnodes and proposals set by you, the community. Weaver will grow and the price stability model I mentioned earlier (which I also said I can't go in depth on) is designed and will be the integral role of Weaver.

So going back to why you should buy Silkcoin now.

1. It will be an integral part of the network in terms of services and use as a currency for services.

2. At this price point we all know it is well below its real worth, especially when Silkcoin was up at 8000 satoshi and we all know the new Silk is worth well in excess of this.

3. Development for Silk is ongoing and will have strong foundations, the same as DarkSilk and will be worked upon just as much as DarkSilk has been.

I hope you don't feel I have glossed over the subject or question with my answers.

Even if not directed to me I will answer:

To make more BTC or because the coin got special features that could be useful in different ways. If SLK doesn't have something that makes it going for itself, DRKSLK will just kill SLK off for being a better coin overall. But thats my opinion, I just wish the dev could explain the thoughts around this.

So I'll answer your question with a question.  Then why do people buy alt coins other than BTC?  It doesn't make sense why they would when you can just buy BTC.

What you are saying dont make sense. BTC have a high value but ppl still buy it. You have x.xxxxxxxx numbers to work with so high value will not be a problem. My question still valid. Why silk coin when you can get a much more developed coin like dark silk?

I think silk is Gold. DARKSILKcoins dont even exist.  A lot of blinding trust here  I ask poloniex when the swap
They don't know what I'm talking /-:

Just use the analogies of gold and silver, Bitcoin and litecoin... People still use litecoin right?  Ask yourself why?  Same reasons people will use DRKSLK and SLK...  Difference is, both DRKSLK and SLK are tied into a market... Bitcoin and litecoin aren't even attached to anything, yet people still use litecoin... Why??  Same reasons people use gold and silver.  It's all relative but in this case a market ties them together.  I'm sure the dev has other plans tied into SLK as well.  But still you can potentially use SLK in many ways, using it to trade, using it for the market, using it to hedge against DRKSLK if you hold a position... Some of the many ways it could be used.  Again think outside the box.

You need to think outside the box... DRKSLK will be a very limited circulation compared to SLK and most likely fetch a much higher price.  Not everyone is going to want to pay a premium when SLK will be available at a most likely lower price.  Consider the analogy of gold and silver.  Not everyone can afford gold so they buy silver.  Yes it has a lower price but that doesn't make it "useless".  On top of that you will have more liquidity and also be able to swap in and out of both down the road if you want to...

You need to look at a much broader picture and think of thousands of users using the network eventually, not just a handful...  The users that catch on later in the process might not be able to afford to buy DRKSLK, so what would they turn to?  SLK...  All I am trying to point out is 2 coins makes this system perfect and gives people options...  I don't know about you, but I like it when there are options.  It will also keep the currencies in a good ratio...  Think a forex exchange as well.  Of course both currencies will fluctuate, but then you also can exchange the 2 and make a profit from that fluctuation.

When you look at actual circulation of both coins together, it really is not a lot in play here.  Prices of both coins will go to nice levels as demand catches on.  You might be surprised where SLK ends up going...  DRKSLK of course will be a no brainer..,

Everything sounds nice and so on and Im ready to invest but I want to know what it would benefit me doing so. And people not being to afford DRKSLK, then why would they be able to afford SLK? I dont see how thats going to make people buy SLK just because DRKSLK will cost more. People will take the money they got and buy less coins of DRKSLK instead of SLK if SLK doesn't have a good use/benefit to it.

EDIT: And yes, I might not see the full picture but Im trying

You need to think outside the box... DRKSLK will be a very limited circulation compared to SLK and most likely fetch a much higher price.  Not everyone is going to want to pay a premium when SLK will be available at a most likely lower price.  Consider the analogy of gold and silver.  Not everyone can afford gold so they buy silver.  Yes it has a lower price but that doesn't make it "useless".  On top of that you will have more liquidity and also be able to swap in and out of both down the road if you want to...

You need to look a a much broader picture and think of thousands of users using the network eventually, not just a handful...  The users that catch on later in the process might not be able to afford to buy DRKSLK, so what would they turn to?  SLK...  All I am trying to point out is 2 coins makes this system perfect and gives people options...  I don't know about you, but I like it when there are options.  It will also keep the currencies in a good ratio...  Think a forex exchange as well.  Of course both currencies will fluctuate, but then you also can exchange the 2 and make a profit from that fluctuation.

Yeah thats the question, why would anyone invest into Silkcoin atm? If we dont know if its any benefit at all to keep/buy them. I understood that the dev didnt want to spoil because other people could copy but if you are not that far from release it wouldnt make a difference to tell what it is since people will know what it is eventually anyway and then try to copy.

You get a lot of repeating questions because you have 2 coins and one thread. The first page should be corrected to show both coins spec or you should have two seperated threads. All the questions about Darksilk shows a lot of interest for it so you have to live with it. I think closer to the release there are going to be even much more questions and interest about it. I will keep comming in here and have a look.


I cant find any reasons to buy Silk coin. If you are a holder of the old silk coin then its good news to get a working chain. If I can get dark silk with BTC then I dont need to have any silkcoin. If you can buy Dark silk with Silk coin then I think silk coin can drop much in value so it will not be a good investment before the release of dark silk coin. If you have any plans that will give silk coin a high value then I cant see it with the information you have provided to us for now.


Both coins have good known devs and that is something that gives also values.

How will the 'crowdsale' work, and when will it occur?

The details for the crowdsale will be released closer to the time. When it occurs, as stated before, a number of times, when Silk launches.

Will it all happen via weaver?

Yes, as stated before.

Will DRKSLK be priced arbitrarily(for crowdsale) or will it depend on SLKs market price at the time(or something else)?

Details will be in the crowdsale documentation once released.

Will SLK holders still get a better rate(initially) over BTC buys?  If so how will that work, as a timed thing or a volume thing or a weaver account id/wallet address thing?

Details will be in the crowdsale documentation once released.

How will the 'crowdsale' work, and when will it occur?

Will it all happen via weaver?

Will DRKSLK be priced arbitrarily(for crowdsale) or will it depend on SLKs market price at the time(or something else)?

Will SLK holders still get a better rate(initially) over BTC buys?  If so how will that work, as a timed thing or a volume thing or a weaver account id/wallet address thing?

[such exotic, much blend]

How will the 'crowdsale' work, and when will it occur?

Will it all happen via weaver?

Will DRKSLK be priced arbitrarily(for crowdsale) or will it depend on SLKs market price at the time(or something else)?

Will SLK holders still get a better rate(initially) over BTC buys?  If so how will that work, as a timed thing or a volume thing or a weaver account id/wallet address thing?

[such exotic, much blend]