Topic: [SBC] [SCRYPT] StableCoin The Story Continues! Join Our Community Coin Project - page 9. (Read 35288 times)

Much appreciated! Very nice Please post your SBC address (or PM it to me) so i can send you some.

Here is a short synopsis.  Edit at will.


Stablecoin

Stablecoin was published in 2013 as a new cryptocurrency as an alternative for the high network difficulties associated with Bitcoin and Litecoin.  Like Litecoin it uses the Scrypt mining algorythm, which means GPU hardware is required to mine Stablecoin.  After an initial release and about six months, the original developers published a website to promote Stablecoin.  The website provided a forum with wallet download links and ran for about a year.  The website was hacked and the forum was under daily attack by a cut and paste poster or bot, that posted lengthy sports articles making the forum useless.

With the high network difficulties associated with Bitcoin and Litecoin, Stablecoin is believed to be an ideal choice for the low budget GPU miner.  This makes Stablecoin a well distributed coin as opposed to the skewed distribution of Bitcoin and Litecoin with some holding most of the coins and many holding a few coins.

Version 1.5 of the Stablecoin wallet is believed to provide the best distribution of coins by increasing the difficulty exponentially based on the network hash rate.  I believe the theory behind this is to make Stablecoin more attractive for low budget mining rigs.  If the Stablecoin network is hit by Scrypt ASICs or large mining pools the difficulty will increase making it very difficult for these miners to find blocks.  This is a unique feature exclusive to Stablecoin.

The original developers have not made an appearance in over two years and many feel Stablecoin has been abandoned.  Recently, new developers have taken charge of development and enhancements of Stablecoin in the hopes of reviving its earlier popularity and increasing interest while maintaining the original state of the core code.

Stablecoin Group

Sorry for the delay, a friend is working on some new designs for the OP and website, maybe also a new logo for a fresh new start. Would you be interested in writing an article about SBC so i can have it posted on some cryptso news blogs etc?

So, what's the delay in creating a website for wallet downloads?  Is it a coding issue?  Cost?

I have considered providing a website for wallet downloads of version 1.5 for windows but haven't gotten around to it.  Is the zip of the 1.5 version redistributable?

Many are cautious about someone trying to pump the price so they can dump their coins.  Without a website there is no confidence there is an effort being made to continue SBC.

The sudden rise in value of SBC in 2013 was not a pump.  There was a bot owned by Mt Gox, named Willy, that was buying BTC with enormous amounts of fiat that didn't exist causing Mt Gox's posted value of BTC to skyrocket.  This spilled over into the altcoin market causing an increase in value for most altcoins.

Seems that Artos and his group took action to promote SBC, at that time, with a new website and a wallet update.

Literally laughing my ass off
Good point though bro
Guys let this poor poor coin die, please

What process is being used to build a community for this coin?  How can new developers unlock the current code for modifications and updates without causing a fork in the blockchain?

I have been watching the Stablecoin exchange since its inception on Cryptsy, just out of curiosity.  It ceases to amaze me that most trades are for fractions of a US cent.  Whats the point other than to depress the value of SBC?

What venues are being used to advertise SBC?  Also, the coin must have some utility to be useful or it won't be accepted as an investment for future higher value.  The only utility it could be used for that I can visualize is for discrete international fiat transfer.

One trader could buy most of SBC with a few thousand USD.

Good idea but i think Cryptsy only adds coins to fiat markets if they have a sustained high trading volume and have big communities behind them. Ive been looking at some payment processors but they have pretty much the same requirements.

There was a problem with the mining pool on cryptopia, where most hashing power comes from, so the last few days the chain moved very slow. Problem has been solved and there are 2 more mining pools now so hopefully more miners will show interest. We also have a new faucet https://cryptospout.com/faucet/hourly_stablecoin_faucet.html
https://cryptospout.com/faucet/daily_stablecoin_faucet.html
https://cryptospout.com/deluge/hourly_stablecoin_deluge.html
https://cryptospout.com/deluge/daily_stablecoin_deluge.html

and we're currently working on our community site which should have its own faucet and  explorer, maybe even our own miningpool.

Maybe convincing Cryptsy to put SBC on the FIAT exchange will help.  It would make SBC buying and selling easier.  Not sure what the requirements Cryptsy has for that.

Also, the time it takes to find a block seems to increase as the hash rate on the SBC network increases.  Whats up with that?  The number of blocks mined should have been well over 1 million by now.

Are you planning to fork the block chain or leave it as is?

New mining pool with 0% fees for a month! Go check it out.




http://altminers.com/#SBCModal

Username: Your stablecoin address
Password: Anything
Algorithm: scrypt
Stratum URL (difficulty : stratum+tcp://stratum.altminers.com:3046
Stratum URL (difficulty 8192) : stratum+tcp://stratum.altminers.com:3047

Oh yes, there's lots of adoption for BTC all over the world and its growing fast. I'm from Holland myself and here i can pay pretty much any bill with BTC through some services. TBH, i dont see that happening with SBC any time soon haha but im sure gonna try my best to get us a payment processor so we can spend our SBC. For that we will need a solid foundation and a good community, both can need a helping hand or 2 so what we really need is YOU... (not only TimSweat but everyone who likes crypto!)

Step 3)

Getting merchants to take the coin and people to use it. Even big brother bitcoin struggles to pull this off. Just try paying for a beer at a bar that has the foresight with BTC and you could die of thirst before it gets to your hand.

What you see above is no roadmap, it is a statement of intent to bring you the best coin available on the market. This may take a few months because we are waiting on technology improvements but we can do it. 10 people with access to many thousands in the crypto niche.
So join in, buy some coins, mine like fury and join the new revolution in giving a good ol' coin the kiss of life.



I don't know if you know it or not , BUT THERE HAS BEEN SOME ADOPTION OF BTC HERE IN THE USA , FOR INSTANCE ,

THERE IS SOME COLLEDGE THAT ADAPTED IT FOR USE AT CONCESSION STANDS FOR SPORTS . SO WHAT DOES THAT TELL YOU . YES ITS A FEAT TO CONQUER , BUT , IT CAN BE DONE.

DON'T ASK ME WHICH COLLEDGE , I JUST KNOW SEVERAL MONTHS BACK IS WAS SEEN ON ESPN.COM , I READ IT .

Our new faucet is live! Go get some free SBC at http://freecoinfaucet.com/sbc/

I gave up on SBC, but Velvet and his team haven't so give him some support. There are good guys willing to back this for free and make it happen. What are you doing that's so good? Get in or piddle off. Enthusiasts are way cooler than fud machines. This coin is essentially the business.....buying back in now

From what I understand, the premine is locked and can't be used by anyone. In case of a hardfork, we will make sure that stays the way it is. As for Arthos and his group being active, I honestly don't know, Arthos didnt log in here for a long time... but if any of the group are still active on here I would like to hear their opinions.

I created an IRC channel on freenode for SBC and we have a tipbot in there, need to test a few things and will post more about it tomorrow.

After Artos made an appearance with a new website and a wallet update, SBC went from about 100 to 60,000 satoshis around November - December of 2013.  Maybe SBC will make a come back, will just have to wait and see.

Is Artos and his group officially gone for good or are they waiting for another bounce?  There was alot of controversy over the premine of 1,250,000 coins, which Artos explained they were removed from the genesis block and destroyed.  Most coin developers premine their coins before letting it go public, wonder why SBC was targeted.

Sorry for my long absence, somehow i missed your post and it didnt show under "Show new replies to your posts." My idea is to recycle a dead coin instead of creating a new one. Since it was abandoned a few times in the past there was no active development going on for SBC anymore. I dont have access to the original github either so any big changes will require a hardfork and a new github. this will require approval from the exchanges but i also feel the need for approval from the old SBC community...

Do we really need a hybrid? prolly not, but it would make SBC more secure and prevent attacks so it might be something for the future plans. Not much wrong with SBC as it is now IMO, just a bit slow at times when the diff went up a bit and there werent enough miners pointed at it. Maybe some more pools could help with that cause now its either solo mining or on cryptopia's pool so i will contact a few pool owners on here to see if they would be willing to add SBC.

Last weekend there were some big dumps on cryptsy and SBC got hit too... the price is still below 100 satoshi now which is very cheap and prolly good for new people to get involved or to invest, thats up to them ofcourse, i dont want to manipulate the price in any way and im all for transparency and community feeling.

I started this project with a few friends as a hobby and because we love crypto and the opportunities it could bring to people from all over the world. It will prolly never become one of the leading alts but i think theres a fair opportunity for everyone to get involved with SBC now, either as a community member/supporter or as investor, we welcome you all

So, how do you plan to do anything to the coin without producing a new genesis block and making a new start?  Do you plan to use the Stablecoin name for the new coin?