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Topic: [ANN][SLG] Sterlingcoin v1.6.1.1 | United Kindom | Cryptopia - page 259. (Read 464486 times)

legendary
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Third confirmed merchant.

50 Landau House
Chatsworth Road
London
NW2 4BQ
Tel: +0044 (07836) 298 627
   
member
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Merit: 10
More exciting news to announce tomorrow.

This coin might have the best launch I have seen, 2 merchants before release. I don't think this has happened before.
legendary
Activity: 1512
Merit: 1000
More exciting news to announce tomorrow.
legendary
Activity: 1512
Merit: 1000

We are happy to announce the second merchant to accept Sterlingcoin.

431 Stables Market ( basement shops)
Borough of Camden
London
NW1 8AH
Tel: 0207 267 9437
   
Mon - Tue: 11:30 - 17:30
Thu - Fri: 11:30 - 17:30
Sat - Sun: 11:00 - 19:00


Instagram - @mr_snappycaps

legendary
Activity: 1512
Merit: 1000

Some information on the upcoming Spacedrop and Faucet


A Final Note
A lot of people are asking about the Sterlingcoin(SLG) Spacedrop and rightfully so. It is a new form of distribution.
It is a hybrid of both an 'airdrop' & 'faucet' into one fast moving current of the new currency.

An "Airdrop" for those who don't know is when cryptocurrencies are distributed to a specific group of people.

Where our "Airdrop" is different and what makes it a "Spacedrop" is anyone with a valid SLG wallet address can enter and get an amount of SLG.
The Sterlingcoin Spacedrop is our effort of making an "Airdrop" that everyone can participate in.
We didn't want to make anyone feel "left out" just because of their geographic location. The Sterlingcoin team wants the distribution of SLG everywhere, not only in any one specific target area.
 
The Sterlingcoin Spacedrop is like the traditional "Airdrop" if you live in the United Kingdom.
It is true that residents of the UK & British Isles will still get 'preferential treatment'. This is because the UK & British Isles are the epicentre of Sterlingcoin.
We have strong roots running from the United Kingdom that are going to help SLG hit the ground running harder then any other new coin has.
This is why we do need a higher density of distribution within the UK & British Isles.

PDF Version of Spacedrop Slideshow - Spacedrop PDF
legendary
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Quote
I am really looking forward to this coin and I will support it anyway I can. I will also try get the coin merchants when it launches. Good Show!
How do you guys feel Cryptos will do in the UK?

The UK is absolutely perfect for a cryptocurrency to succeed.

High-speed broadband up to 150MBits in most areas going to around 1MBits in the worst areas.
Also there are so many free wifi connections within cities and towns that connection to the Internet is no longer an issue.

Quote
"Two streets in Wales and Essex share the accolade of having the slowest broadband connection with connections of just 0.60 Megabytes per second"
http://www.mirror.co.uk/news/uk-news/uks-slowest-broadband-speeds-revealed-3449015#ixzz39RiDJxu0
Follow us: @DailyMirror on Twitter | DailyMirror on Facebook

The concentration of shops and close proximity of these shops to residential areas make it easy for 90% of the population to "pop to the shop quick" which seems to not be an option in countries such as America.

Also because of the HMRC ruling cryptocurrencies tax free and void of VAT (Value Added Tax) or Sales Tax as Americans know it as.
This is the most appealing factor to any merchant to accept any cryptocurrency in the UK as Value Added Tax is at 20%.
Unlike America where it ranges state-to-state at a low of 5% and to a high of 9.6%.

Sadly the UK is one of the highest taxed countries in the world and this is even more of a reason to embrace crytocurrencies and blockchain technologies.

member
Activity: 95
Merit: 10
Our Sterlingcoin IRC channel is now live.

It can be reached either via the website, using webchat for freenode - http://sterlingcoin.org.uk/

Or by using a client such as mIRC or Gaim - #Sterlingcoin



I am really looking forward to this coin and I will support it anyway I can. I will also try get the coin merchants when it launches. Good Show!
How do you guys feel Cryptos will do in the UK?
legendary
Activity: 1512
Merit: 1000
Our Sterlingcoin IRC channel is now live.

It can be reached either via the website, using webchat for freenode - http://sterlingcoin.org.uk/

Or by using a client such as mIRC or Gaim - #Sterlingcoin

legendary
Activity: 1512
Merit: 1000

Sterlingcoin Official Facebook Group Now Live

Simply click the above image to head on over to the group and join straight away.

We have launched our Official Facebook Group for Sterlingcoin.
This is an open group and we will be talking to the Multicoin Tipping App about pre-approval of Sterlingcoin to enable Facebook tipping from launch.

legendary
Activity: 1512
Merit: 1000

Changing the confirmation time for Sterlingcoin

For those that understand the code

Current Settings
Code:
unsigned int nTargetSpacing = 4 * 60; // 4 Minutes
unsigned int nRetarget = 24 * 60 * 60; // 1 day retarget
unsigned int nStakeMinAge = 24 * 60 * 60; // 1 day
unsigned int nStakeMaxAge = -1; //unlimited
unsigned int nModifierInterval = 10 * 60; // time to elapse before new modifier is computed
static const int64_t nTargetTimespan_legacy = nTargetSpacing * nRetarget; // every 30 blocks
static const int64_t nInterval = nTargetTimespan_legacy / nTargetSpacing;
static const int64_t nTargetTimespan = 16 * 60; // DGW3 controls difficulty
int64_t devCoin = 0 * COIN;
int nCoinbaseMaturity = 30;
static const int LAST_POW_BLOCK = 65700; // at 4 minute blocks will be about 6 months from launch
static const int POW_ON_BLOCK = 1;

Proposed Change
Code:
unsigned int nTargetSpacing = 2 * 60; // 2 Minutes
unsigned int nRetarget = 12 * 60 * 60; // 12 Hour Retarget
unsigned int nStakeMinAge = 24 * 60 * 60; // 1 day
unsigned int nStakeMaxAge = -1; //unlimited
unsigned int nModifierInterval = 10 * 60; // time to elapse before new modifier is computed
static const int64_t nTargetTimespan_legacy = nTargetSpacing * nRetarget; // every 15 blocks
static const int64_t nInterval = nTargetTimespan_legacy / nTargetSpacing;
static const int64_t nTargetTimespan = 16 * 60; // DGW3 controls difficulty
int64_t devCoin = 0 * COIN;
int nCoinbaseMaturity = 30;
static const int LAST_POW_BLOCK = 131400; // at 2 minute blocks will be about 6 months from launch
static const int POW_ON_BLOCK = 1;

For those that do not understand the code

Current Settings
Currently the settings for Sterlingcoin as mentioned in the OP are set to produce blocks every 4 minutes, coin/transaction confirmation after 30 blocks, DGW3 targets difficulty each block, you can stake coins after block 65700 (roughly 6 months from launch) and after having them for 24 hours and gain interest on those coins for an unlimited period at 5.5%.

4 Minutes per Block x 30 Blocks for Coins to Confirm = 2 Hour Confirmation Time

Proposed Settings
The proposed change to the wallets code will be to produce blocks every 2 minutes, coin/transaction confirmation after 15 blocks, DGW3 targets difficulty each block, you can stake coins after block 131400 (roughly 6 months from launch) and after having them for 24 hours and gain interest on those coins for an unlimited period at 5.5%.

2 Minutes per Block x 15 Blocks for Coins to Confirm = 30 Minute Confirmation Time
legendary
Activity: 1260
Merit: 1000
Quote
I'm very familiar with the term “usability” but thank you for assuming ignorance on my part and providing a wikipedia definition, that was most considerate. I'm not sure why you went to the trouble though, it is a technical term from the domain of cognitive ergonomics and is an inappropriate choice in the given semantic context of providing a non-technical explanation of possible causes of variation in the coin's price on currency exchanges.

This is a statement from the coin developers to citizens of the UK and the choice of wording should convey the semantics as intended, not some serendipitous meaning that has to be stretched beyond all plausibility in order to fit.

Cheers

Graham

You're obviously highly versed in the English language and for this you must be commended. Everything you have said Graham has been duly noted and will be taken and put into effect.
I believe rather than you coming across as pointing the finger as such, you are rather being positive and trying to assist to prevent future similar concerns from the community and for this I thank you.

Uhm yeah, I second that!  Your writings make me realize I should have done much more reading in my life lol:-)  You remind me of an attorney client I have, constantly sending me Emails with words I have to Google to know what the hell they mean!
legendary
Activity: 1512
Merit: 1000
Quote
that is awsome, will it just be for Brighton?

Sterlingcoin is not just for Brighton. It just happens that two developers live in Brighton and this is the first place to start.

We have Bitcoin groups in London and Brighton who are behind the coin and will help in implementing new merchants.

Remember Sterlingcoin is a community effort and requires interest and input from the community.

Even though Sterlingcoin is targeted at the UK and British Isles it does not mean that it cannot be used worldwide as a payment system.

Quote
hope this coin succeeds. Is there more info on the dev's?

Spencer Lievens - Developer - Brighton, UK
Matthew Langdon - Network Infrastructure - New York, USA
Steven Saxton - Developer - Ohio, USA
Michael Harkess - Network Infrastructure - Brighton, UK

http://sterlingcoin.org.uk/#team

We also have writers, marketers and people promoting Sterlingcoin in Europe, America and even in South Africa.

Quote
also when will wallet be released so I can fill in the spacedrop?

20th of September 2014 @ 10PM GMT/UTC +0:00
hero member
Activity: 641
Merit: 500
that is awsome, will it just be for Brighton? hope this coin succeeds. Is there more info on the dev's?

also when will wallet be released so I can fill in the spacedrop?
legendary
Activity: 1512
Merit: 1000
Quote
have you managed to get some shops in Brighton to accept this coin? this is interesting!

Yes already Flawless at 20 Kensington Gardens in the North Laines of Brighton will accept Sterlingcoin upon launch.



Today we have contacted a further 5 merchants. 3 of which accept Bitcoin currently and 2 whom accept no cryptocurrency whatsoever.
hero member
Activity: 641
Merit: 500
have you managed to get some shops in Brighton to accept this coin? this is interesting!
legendary
Activity: 1512
Merit: 1000

Implementation of Sterlingcoin is a community effort and we offer several rewards for your help.

Articles
A well written article, blog post or similar will be eligible for a 100 SLG reward
(If written in two or more languages it will be eligible for a further reward of 50 SLG)

 
Software Suggestions
As Sterlingcoin is completely open-source, you can look at the software and suggest new features which you wish to see.
For any fix, change or new feature we will reward between 100 SLG to 1000 SLG


Merchant Referrals

If you successfully sign-up a new merchant to accept Sterlingcoin you will receive 500 SLG as a reward
(For every 5 merchants you will receive a 1000 SLG bonus)


Entertain Us

The development team puts in a lot of hours and we need a little entertainment whilst we are having a break.
Send us Sterlingcoin themed memes and other funny material and we’ll reward you with between 5 SLG and 20 SLG
legendary
Activity: 1512
Merit: 1000
Why not make it a Spacedrop for all and equal?
This would then simply make it a faucet. The Sterlingcoin Faucet will open once the Spacedrop finishes.

Transaction time is quite long.
We will be looking at confirmation times and speeding this up accordingly.

Can multiple people in one UK/British Isles household apply to the Spacedrop?
Yes, as long as each person has their own mobile number. Multiple houses on one street share post codes, so if we block one post code upon entry we then block entire streets of houses and potentially hundreds of people. This is simply an additional factor to verify UK residency.

Do you store our phone numbers for marketing and other purposes?
We do not store you phone numbers and they are simply checked by the Google API to make sure it is in fact a UK number.

If we choose to submit our email address, as it is optional, what do you do with them?
Firstly, we do not share them. We only email these addresses when important news or updates come about. Nothing more.

Will Sterlingcoin have exchanges at launch on the 20th of September
Our aim is to launch Sterlingcoin with all services in place, including exchanges. We are currently in talks and the community will be the first to be notified when we know more.



legendary
Activity: 1512
Merit: 1000
Quote
do you think in the future i could use sterlingcoin to get some hookers and coke if i ever come down to party in brighton

This comment makes me think of the countless times I have heard people say "Bitcoin? Isn't that the internet money for buying drugs and guns?".

When people ask "what can cryptocurrencies be spent on?" I always respond with "Everything you can buy with FIAT or "Real Money".
legendary
Activity: 1512
Merit: 1000
Quote
i am not from the UK how to get 1-50coin?

On the 20th of September the Spacedrop will launch.

You will simply need to enter your Sterlingcoin wallet receive address.

You will instantly receive between 1 and 50 Sterlingcoin.
legendary
Activity: 895
Merit: 1001
i am not from the UK how to get 1-50coin?
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