Topic: [SDC] ShadowCash | Welcome to the UMBRA - page 254. (Read 1289707 times)

Quote from: child_harold on April 15, 2015, 08:02:53 AM

Hello, can someone please let me know, How many shadow coins in total are to be released I believe there are nearly 6.5 million in circulation at this time?

Thanks

Shadow uses Proof of Stake (PoS) to secure the network. With that comes a 2% annual growth that goes to "stakers" who process transactions. So to answer your question about total coins to be released, the current supply is 6.4+ million and that grows by 2% annually.

Thanks for the explanation exactly what I wanted to understand.

Is this not modified by conversions to sdt? Eg total supply and stakeable = Sdc - anon tokens eg sdt? If so, and to my current understanding, available SDC is quite a bit lower than 6.5 million.

@ozkraut
http://www.shadowchain.info/stats/shadow.php
almost 2 million SDC destroyed for SDT. Many of those SDT converted back to SDC.

FYI (from slack)

dasource [4:31 PM]
just to clarify as I would hate for it to be misunderstood

dasource [4:32 PM]
ShadowTokens created != SDC Burnt (edited)

dasource [4:32 PM]
Its a little complex but the nut of it is .. that this graph shows you

dasource [4:32 PM]
http://www.shadowchain.info/stats/shadow.php

dasource [4:33 PM]
the green dotted line is the live representation of actual SDC which is "actively" destroyed at that time

dasource [4:34 PM]
so it would be 6.4M - 340K = 6.06M SDC available right now .. (edited)

dasource [4:34 PM]
as more uses for SDT becomes available I expect that green line to shoooot up! (such as ShadowMarket etc) (edited)

litebit [5:57 PM]
so if i want to turn my SDT back to SDC would it be SDC created ! = SDT Burnt?

litebit [6:01 PM]
it sounds actually different than i've thought of it. I knew the new SDC in a SDT > SDC transaction were "new" and not linked, but i have never thought of SDC being burned in the tradition sense (never to be seen again) and truly reducing SDC supply forever

litebit [6:01 PM]
thanks for help understanding better @dasource

rynomster

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Activity: 164

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Quote from: ozkraut on April 20, 2015, 12:08:50 AM

Quote from: digi123 on April 19, 2015, 08:09:44 PM

Quote from: digi123 on April 19, 2015, 08:09:44 PM

Hello, can someone please let me know, How many shadow coins in total are to be released I believe there are nearly 6.5 million in circulation at this time?

Thanks

Shadow uses Proof of Stake (PoS) to secure the network. With that comes a 2% annual growth that goes to "stakers" who process transactions. So to answer your question about total coins to be released, the current supply is 6.4+ million and that grows by 2% annually.

Thanks for the explanation exactly what I wanted to understand.

Is this not modified by conversions to sdt? Eg total supply and stakeable = Sdc - anon tokens eg sdt? If so, and to my current understanding, available SDC is quite a bit lower than 6.5 million.

That is correct. Shadow also does not stake, only SDC.
The 2% annual growth, is only on SDC, so the more Shadow, the less inflation.

ozkraut

sr. member

Activity: 522

Merit: 266

Hello, can someone please let me know, How many shadow coins in total are to be released I believe there are nearly 6.5 million in circulation at this time?

Thanks

Shadow uses Proof of Stake (PoS) to secure the network. With that comes a 2% annual growth that goes to "stakers" who process transactions. So to answer your question about total coins to be released, the current supply is 6.4+ million and that grows by 2% annually.

Thanks for the explanation exactly what I wanted to understand.

Is this not modified by conversions to sdt? Eg total supply and stakeable = Sdc - anon tokens eg sdt? If so, and to my current understanding, available SDC is quite a bit lower than 6.5 million.

digi123

full member

Activity: 236

Merit: 100

Quote from: erok on April 19, 2015, 10:03:03 AM

Hello, can someone please let me know, How many shadow coins in total are to be released I believe there are nearly 6.5 million in circulation at this time?

Thanks

Shadow uses Proof of Stake (PoS) to secure the network. With that comes a 2% annual growth that goes to "stakers" who process transactions. So to answer your question about total coins to be released, the current supply is 6.4+ million and that grows by 2% annually.

Thanks for the explanation exactly what I wanted to understand.

digi123

full member

Activity: 236

Merit: 100

Quote from: ShrykeZ on April 19, 2015, 06:16:59 PM

Hello, can someone please let me know, How many shadow coins in total are to be released I believe there are nearly 6.5 million in circulation at this time?

Thanks

Here you go buddy. Always up to date.

http://shadow.blockexplorer.cc/chain/ShadowCash

Thanks for help but needed total coin supply. LiteBit has explained.

erok

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Activity: 896

Merit: 1000

Avatars are overrated.

Quote from: godzirra on April 19, 2015, 01:45:20 PM

The devs are working on POS v2 as we speak. And that will probably solve some of the issues you're having with the wallet. If you're trying to catch the exact bottom of a market then that's a whole other issue.

Sdc is one of the few projects worth holding on to. I would advise you to join our slack channel. You'll find lots of info there.

Good to hear! I agree SDC is one of, if not the best anon coin to hold. Community is awesome here as well!

join us on slack mucacho! WE INSIST.

(╯°□°）╯︵ ┻━┻)

ShrykeZ

hero member

Activity: 630

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Quote from: godzirra on April 19, 2015, 01:45:20 PM

The devs are working on POS v2 as we speak. And that will probably solve some of the issues you're having with the wallet. If you're trying to catch the exact bottom of a market then that's a whole other issue.

Sdc is one of the few projects worth holding on to. I would advise you to join our slack channel. You'll find lots of info there.

Good to hear! I agree SDC is one of, if not the best anon coin to hold. Community is awesome here as well!

LiteBit

legendary

Activity: 1133

Merit: 1050

Quote from: Auzie on April 19, 2015, 05:58:33 PM

Quote from: LiteBit on April 19, 2015, 05:41:45 PM

Quote from: LiteBit on April 19, 2015, 05:41:45 PM

Thanks for the replies everyone. I downloaded the bootstrap file and disabled secure messaging. It's still slow and the blockchain is at 48% downloaded, is that normal? With the way things have been going it'll still take weeks to get it to 100%. Anything else I can do?

I had to reload the blockchain a couple weeks back and had similar issues. just took forever.
I ended up using @ffmad's blockchain backup posted here: http://shadowtalk.org/topic/359/wallet-update-1-3-1-0/7

it not only had the blk0001.dat but also contained the "txleveldb" folder with the current .ldb databases. I believe a lot of the slow problems I was having revolved more around the txleveldb files I needed vs the blk0001.dat I could get straight from the bootstrap download here: http://shadow.cash/downloads/bootstrap.dat

I got a file not found error.

Hmm, looks like the link isn't there anymore. I sent you and ffmad a PM to help get you on track.

Auzie

newbie

Activity: 5

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Quote from: Auzie on April 19, 2015, 05:37:13 PM

Thanks for the replies everyone. I downloaded the bootstrap file and disabled secure messaging. It's still slow and the blockchain is at 48% downloaded, is that normal? With the way things have been going it'll still take weeks to get it to 100%. Anything else I can do?

I had to reload the blockchain a couple weeks back and had similar issues. just took forever.
I ended up using @ffmad's blockchain backup posted here: http://shadowtalk.org/topic/359/wallet-update-1-3-1-0/7

it not only had the blk0001.dat but also contained the "txleveldb" folder with the current .ldb databases. I believe a lot of the slow problems I was having revolved more around the txleveldb files I needed vs the blk0001.dat I could get straight from the bootstrap download here: http://shadow.cash/downloads/bootstrap.dat

I got a file not found error.

Gibbs187x

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Moon

Quote from: Gibbs187x on April 19, 2015, 05:34:49 PM

Thanks for the replies everyone. I downloaded the bootstrap file and disabled secure messaging. It's still slow and the blockchain is at 48% downloaded, is that normal? With the way things have been going it'll still take weeks to get it to 100%. Anything else I can do?

did you just download the wallet?

No I've had it for a week or so, it's version 1.3.1.0-1.

just let it sync i put 6 btc into sdc the lower price dont bother me relax sit back and see where sdc goes in1 to 3 yrs im holding and buying more reguardless of price. it took a while for me to sync to

LiteBit

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