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Topic: [OLD THREAD] Silk Network: Silk, DarkSilk and Weaver - page 35. (Read 77109 times)

sr. member
Activity: 441
Merit: 251
Orestes, in your post you say, “As more transactions come through Weaver the more stable the coin will become, and the more pressure would be put on Silk.”

Can you elaborate on this, please? Are you talking about price stability? And what do you mean by “more pressure on silk”?

Well the system uses Silk in order to process transactions, this will put pressure on the asset pricing. As more transactions come through the more we are able to securitise DarkSilk and stabilise it.

You also talk about “favoring large orders” on the weaver. Does this mean that if i want to buy say 100btc worth of drkslk i can buy it in on the weaver and get more than i would from a regular exchange? Because, obviously, when you buy that much you drive the price up ..

Not on Weaver, Weaver will favour larger transactions. While price impact increases(dry markets, high spreads) on exchanges it will actually decrease on Weaver. The coming white paper will explain this in more detail.

sr. member
Activity: 404
Merit: 250
A picture paints a thousand words

There cannot be Darksilk(Camel shadows) without Silk(real Camels)
sr. member
Activity: 404
Merit: 250
Yeh I read this.. and yes is what I called poetry and wordsmithing.  We expected a product release, not a fancy picture telling us that the new technologically superior Darksilk will be back buy the inferior coin silk, propped up by bag holders hopes and dreams.  consequently you guys fucked over today's investors and yet again have botched another release with crafty wordsmithing.  

   Shut up and release something and quit fucking with investors.  This is not even a scam.. I have no idea what it is.  

In your case that's the only thing we know for certain.


Love this
I was just about to write that down myself
but you've summed it up brilliantly
full member
Activity: 232
Merit: 100
Orestes, in your post you say, “As more transactions come through Weaver the more stable the coin will become, and the more pressure would be put on Silk.”

Can you elaborate on this, please? Are you talking about price stability? And what do you mean by “more pressure on silk”?

You also talk about “favoring large orders” on the weaver. Does this mean that if i want to buy say 100btc worth of drkslk i can buy it in on the weaver and get more than i would from a regular exchange? Because, obviously, when you buy that much you drive the price up ..
sr. member
Activity: 597
Merit: 253
... and the swarm is headed towards us
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.

Yes I thought they had said it was a release today.  Still trying to find out what the announcement was.  

sigh

Okay I'll bite

https://bitcointalksearch.org/topic/m.15615165

Or is that what you were dismissing as poetry?

Yeh I read this.. and yes is what I called poetry and wordsmithing.  We expected a product release, not a fancy picture telling us that the new technologically superior Darksilk will be back buy the inferior coin silk, propped up by bag holders hopes and dreams.  consequently you guys fucked over today's investors and yet again have botched another release with crafty wordsmithing.  e

   Shut up and release something and quit fucking with investors.  This is not even a scam.. I have no idea what it is.  

Lol you have a real knack for putting a positive spin on things don't you little miss sunshine? "Today's investors".. anyone who actually invested today and is able to read should be happy with their decision. Anyone who picked some up this morning hoping to flip it for double tonight however.. well, they're not investors in the first place. And you of all people accusing someone of crafty wordsmithing  Cheesy Anyway, I think i'm starting to understand your role here. Crack on
legendary
Activity: 1148
Merit: 1000
365k buy order @ 4 BTC...  Not exactly chump change...  Watching closely.

I wish him the best of luck, the trend has been unforgiving this month.

Any specific day for info release...  Like a kid waiting on a new video game release lol...

Before the beginning of next week, we will give an exact time the day before.


Trak, with how much you follow the forum there is no way in hell you didn't see this post and the multiple others stating it was an information release.  Give me a break....

EDIT:  Of course no response back because he seen the post...  It's one thing to be on the fence about something, it's another to flat out bullshit lie.

Stop fudding bro..  so what was the 'information' release?

Really?  LOL Calling me a fudder?  Says someone who's account is only 4 months old...
sr. member
Activity: 441
Merit: 251
Yeh I read this.. and yes is what I called poetry and wordsmithing.  We expected a product release, not a fancy picture telling us that the new technologically superior Darksilk will be back buy the inferior coin silk, propped up by bag holders hopes and dreams.  consequently you guys fucked over today's investors and yet again have botched another release with crafty wordsmithing.  

   Shut up and release something and quit fucking with investors.  This is not even a scam.. I have no idea what it is.  

In your case that's the only thing we know for certain.
full member
Activity: 232
Merit: 100
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.

Orestes didn't mentioned anything about a release, he told us there would be an announcement detailing the future use of Silk.

We all didn't know where silk stood in relation to darksilk. We now know that silk will be very important to the success of darkslk! This is great news for silk investors because we can rest assured that silk is not being overtaken or shadowed by drkslk. They both are important! There will be a symbiotic relationship between the two - they depend on each other to succeed! Darksilk by itself will/could be a great coin but chances are it will end up like every other altcoin with an initial pump and then slowly die, unless we gain user adoption. To gain user adoption we need people to use it. To use it we need the value to be stable. I don't want to sell goods or services for drkslk (or any coin) that changes dramatically in price. To gain real use we need a stable currency.

It's brilliant what silk network is/has developed. A binary coin system that offers a stable currency(drkslk) with amazing features and an asset(slk) that we can invest in!

Okay, that took me quite some time take in. Basically, were talking about a system that takes energy from one coin and moves it to another, and the same way around. This will result in a (medium to long-term) constant price in darksilk and fluctuating price in silk. Basically you're securitizing the currency with an asset, backed/managed by the Silk Network. Is this correct?

Yes, this is what i understand as well. It will be interesting to see the math behind it. Can't wait for the whitepaper!
full member
Activity: 168
Merit: 100
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.

Yes I thought they had said it was a release today.  Still trying to find out what the announcement was. 

sigh

Okay I'll bite

https://bitcointalksearch.org/topic/m.15615165

Or is that what you were dismissing as poetry?

Yeh I read this.. and yes is what I called poetry and wordsmithing.  We expected a product release, not a fancy picture telling us that the new technologically superior Darksilk will be back buy the inferior coin silk, propped up by bag holders hopes and dreams.  consequently you guys fucked over today's investors and yet again have botched another release with crafty wordsmithing. 

   Shut up and release something and quit fucking with investors.  This is not even a scam.. I have no idea what it is.   
sr. member
Activity: 597
Merit: 253
... and the swarm is headed towards us
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.

Yes I thought they had said it was a release today.  Still trying to find out what the announcement was. 

sigh

Okay I'll bite

https://bitcointalksearch.org/topic/m.15615165

Or is that what you were dismissing as poetry?
full member
Activity: 168
Merit: 100
365k buy order @ 4 BTC...  Not exactly chump change...  Watching closely.

I wish him the best of luck, the trend has been unforgiving this month.

Any specific day for info release...  Like a kid waiting on a new video game release lol...

Before the beginning of next week, we will give an exact time the day before.


Trak, with how much you follow the forum there is no way in hell you didn't see this post and the multiple others stating it was an information release.  Give me a break....

EDIT:  Of course no response back because he seen the post...  It's one thing to be on the fence about something, it's another to flat out bullshit lie.

Stop fudding bro..  so what was the 'information' release?
full member
Activity: 168
Merit: 100
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.

Yes I thought they had said it was a release today.  Still trying to find out what the announcement was. 
legendary
Activity: 1148
Merit: 1000
365k buy order @ 4 BTC...  Not exactly chump change...  Watching closely.

I wish him the best of luck, the trend has been unforgiving this month.

Any specific day for info release...  Like a kid waiting on a new video game release lol...

Before the beginning of next week, we will give an exact time the day before.


Trak, with how much you follow the forum there is no way in hell you didn't see this post and the multiple others stating it was an information release.  Give me a break....

EDIT:  Of course no response back because he seen the post...  It's one thing to be on the fence about something, it's another to flat out bullshit lie.
full member
Activity: 148
Merit: 101
i have big news then yours!!!market price drop like hell!im lose over 2btc! im glad i sold when price down to 17 but hey im still losing !!!!!!  Huh Huh Huh Huh Cry Cry Cry Cry Cry Cry

Some friendly general trade advises/reminders
-   Never invest more than you can afford to lose
-   Buy the rumor, sell the news (very applicable on today’s trade)
-   You haven’t loosen anything until you sale your share. If you hold, chances are quite higher that you will gain some profit comparing to selling at a loss

Looking forward for the information regarding DRKSLK ICO at the end of this month.
legendary
Activity: 1288
Merit: 1000
There was a countdown... What was that countdown to?  Yet another botched release?

I was expecting a release today, all I saw was a pump and dump.
sr. member
Activity: 441
Merit: 251
Do we get to know in the end of the month about the ratio of Slk to Drkslk?

The ratio will be determined by market price.

But to share the Gold analogy

DarkSilk is to money (currency product)
as
Silk is to gold (investment asset)

so you would be switching gold for money

So basically darksilk will be backed by fanboy bag holders.. not tangible assets.  Sounds great.

lol, we have plans for that too, but that is for another time.
full member
Activity: 168
Merit: 100
There was a countdown... What was that countdown to?  Yet another botched release?
sr. member
Activity: 441
Merit: 251
Do we get to know in the end of the month about the ratio of Slk to Drkslk?

The ratio will be determined by market price.

But to share the Gold analogy

DarkSilk is to money (currency product)
as
Silk is to gold (investment asset)

so you would be switching gold for money

Based on that, SLK would be of higher value than DRKSLK.

Yup


I expected a different reaction to be honest. The after announcement sales to me are like a litmus test for DarkSilk demand. It will be more interesting to hold Silk although it won't be of much use. It will be more interesting to use DarkSilk but less interesting to hold(of course it will still be interesting).

negative sales mean lack of understanding or just profit taking.

Then wow, the market was WAY off and no one really understands the true uses...  Typical profit taking.  It probably will not sink in until the network is live and running and people see the system working to understand it.

For me, I like assets and commodities...  Much rather hold them than hold currency.  But to each his own.

Exactly, thats why im not worried. But I would like to see things pick up though, because it would give us an estimation on DarkSilk demand Wink

Seriously though, by doing the valuation this way and not vice versa, the Silk Network team not only saved Silkcoin, but they are giving it the value it should have had and in all reality placing it above DRKSLK, even though DRKSLK will have more function, it won't be of higher value.

Wake up people!  That means those of you who kept holding out for the DRKSLK ICO based on the hypothesis that it would be the only useful coin of the two...  You got it dead wrong in terms of valuation!!!

Your SLK will actually be worth more than your DRKSLK...  Wow...

yup you are spot on, Silk is the Arch  Grin

So when DRKSLK ICO goes berserk, everyone better hold onto their SLK, because it's going to the next Galaxy.

Thats what I will be doing, to each his own.
There might be a stabilisation period where fud might get the better of some but in the end DarkSilk will be like a currency and Silk like an asset, thats the bottom line. The exact working of it will be published later.
full member
Activity: 168
Merit: 100
So where is this announcement? Did I miss it? I scrolled back through and found some more poetry and new investors losing money.. and watched the sells of silk climb far above 3 million, and read a whole bunch of bag holder horseshit...

 Is this yet another release date botched? Or am I just asking 'fuddy' questions again?

Poetry; pen is mightier than the sword.

It only takes more time  Cool

Yeh I thought there was a big announcement again today.   What was that?
full member
Activity: 168
Merit: 100
Do we get to know in the end of the month about the ratio of Slk to Drkslk?

The ratio will be determined by market price.

But to share the Gold analogy

DarkSilk is to money (currency product)
as
Silk is to gold (investment asset)

so you would be switching gold for money

So basically darksilk will be backed by fanboy bag holders.. not tangible assets.  Sounds great.
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