I agree with you crysx
This coin was a very good coin. It still legit and working but there is a huge lack of interest. Rw13enlib88 thinks steven can fix everything for nothing. Just the rebase takes a lot of time and effort. I have started companies outside internet and one thing is the most importent to know and that is "A product can be superior but if it has no costumer it will fail".
SLG is old. Its hard to make PR for it. It needs some work. It needs something new and that could be a new algo and PoW. There are also other ways to go but that is more work and it needs more money.Some ppl here thinks that they can sit on their bag and everything will be good. First of all SLG is a global coin. Coins are not limited by borders. Secondly if a coin has a few ppl holding it then new ppl will hesitate to get into it because they are scared of beeing dumped on. SLG coinsupply is to low.
Steven is a good guy. He have been here alone riding the storm. Dont work against him. Work with him or this coin will be dead.
I dont think Steven can fix everything, but he will do his best.
SLG is old and that is good. Do you prefer to use a 7 year old coin or a recently created alt? Cmmon, dont be naive...
It's hard to make PR fot it? lol
Have you heard about nationalism? Brexit?
BoE creating his own digital currency like SLG but with centralization?
https://www.rt.com/business/352280-england-cb-bitcoins-issue/Do you understand that right now, we are about 10 million people using digital currencies?
Do you understand that we are about 7.000 million people on earth?
First of all, when you compete against thousands of coins you need to focus on a niche. Maybe you dont understand it, because as it seems you dont have any concept of marketing. If you have launched companies outside internet with a good product and you have failed to attract customers is because you dont know anything about marketing.
Second, do people hesitate buying BTC because there are some rich people holding btc?
Third, you're right coinsupply is low. It should be increased but not for the reasons you mention.
It should be increased to fit the new users and dont have one SLG too expensive in €/$/pound
You should learn about monetary policy...
4th, we all agree, we are not here to work against Steven, we are all here to help Steven and SLG, and for sure I'll make my best on it
You are comparing SLG with bitcoin. That is so out of bounds. Bitcoin was not first. We had another in europe and it was in banks. It failed because of funds. Bitcoin had a lot of problems in the beginning. It was called a scam and other things. A lot of ppl are into bitcoins just because they think they will be rich. Before the price rised it was just hardcored computer ppl that was interested in it. Still ppl dont understand the idea about bitcoins. They just want to trade it or with it on exchanges.
You compared it with NLG. That is also wrong. NLG is a scamcoin. They had a large premine that was going to be distributed to ppl. That did not happen. Now they are using that premine to develope the coin. So now it getting less shady. SLG dont have that premine so there is no funds to use for development.
I have succeded with my companies and it is because I have knowledge of PR and economy.
Its hard to get more ppl into crypto because wallets are not easy to use and if you lose your password then your money are gone. There needs to be more development on the clientside before it can be used in a way that more ppl understand.
Your problem is that you dont understand that you can not have the same % of the coins and still develope SLG. There must be more ppl into it and your % have to change. But if it is done right the price will rise and you will benefit from it more than you lose. The main point is that there are no funds and more ppl and more coins needs to be in the community. PoW and algo is one way to go.
Giving more coins to you so you can keep your % will not solve the problems. Sooner or later Bitrex will delist this coin. It dont matter to them that the minimum trades are done. They want to have coins with a future.
Stop looking at other coins. SLG is a working coin. It has no shady past. It lacks funding and development. Development are costly and takes time. Things needs to be happening soon
- Yes, I'm comparing SLG to BTC, SLG to NLG, SLG to GBP and whatever that help us take perspective.
- 100% of the people involved in BTC wants to make money.
If you just want to improve the world, sell your BTC and keep helping so we can have a better world.
Same stuff with alts.
- NLG didnt mantain their original road map, not sure if that counts as scam, but i dont care. The good point of NLG is that they are actively developing it.
- Congrats for your sucess in those business!
- It's hard to get new users, I agree, that's why we need development.
But you're forgeting the main motivation to attract new people.
FOMO.
It happend before, and it's gonna happen again.
- I understand that I dont want my investment diluted and I understand that you dont understand that chainging the algo or moving to PoW is not a marketing tool. It's the spec of the coin. We need marketing tools!
- Bittrex wont delist SLG.
- If you read my previous posts, you already know that I'm willing to collaborate in the funding with SLG and BTC
There are another benefit to go PoW again and that is increased security.
This coin has more tha one problem and there is not money or time to fix everything at once.
If we go the road some wants and that is to keep their % of this coin and make an split 5:1. That i s bad economy because that is nearly the same as giving near 500% PoS for a year. It will not do any good for this coin and exchanges dont like it and can delist the coin.
There are some security risks that this coin has and the first is PoS with coinage. The second is Cryptsy and it is nearly the same as the first. We dont know who in charge of the wallet and what is going to happend to it. It will get a huge coinage and its a high risk for this coin. Other old wallets are also an risk.
Thats why I insist that a low cost solution are to make a comeback with PoW. You need both to have coinage and the most hashing power to bring this coin down.
One solution are to make 2 coins per block. That would give 1440 new coins/day. Not much to catch and it will help a little with the trades. I would also suggest to change algo. If you reward more than 2 coins/block I think there is no way to avoid a algo change. I also think that a discussion with the other devs to incorperate this coin into the weaver would be possible.
But a very good PR are also needed to get more interest in the coin. I think we can buy 5 coins per block without problem if algo are changed to the same as darksilk. Devs have the code and it would not be so hard to change SLG. Mining can be done with CPU or GPU.
I also suggest that max coinage will be 30 days. Discuss it and give steven some inputs.
- "make an split 5:1. That i s bad economy because that is nearly the same as giving near 500% PoS for a year."
dude wtf? It's adapting the monetary base to the users, which should have been done since the beggining...
You understand the market cap will be the same right? so it's 0% increase in your value...
- If coinage is a big problem, I could agree moving to PoW manteining the monetary policy.
Keeping the same monetary policy is basic.
- 2 coins per block = 1440 per day = 525600 per year = 13.5% inflation
2 coins doesnt sound that much for miners but is a 13.5% inflation which is bigger than 5.5% inflation we have right now
You see why I was proposing the 5:1? Because it makes no sense to be more scarce than btc (it still would be with a 5:1 conversion)
- 5 coins per block would be hyperinflation, so nop nop nop, or atleast without conversion. 13.5% inflation sounds too much compared to 5.5%, so 33.8% is less interesting.
Making a split is inflation. Coins will be 5 times cheaper and only bagholders will get the coins. No new ppl will get into the economy with that move and you will not secure the coin from attacks. Investors in companies in my country wants around 15% returns to be interesting for them. Your proposing of 500% inflation is not good to the coin. You dont understand basic economy but you have to understand that this coin needs both PoW and PR and that badly.