Topic: Slimcoin | First Proof of Burn currency | Decentralized Web - page 104. (Read 137076 times)

OK, maybe i was not enough clear. When i was burnt my SLM, 115 000, than were burnt like 800 000 SLM totally , i have received many reward SLM (~1500 per day), now when there are approx 2000000 i am receiving 500-600 per day

How could you burn 2M coins if there's total amount of burnt coins is little over 2M? ) https://bchain.info/SLM/addr/SfSLMCoinMainNetworkBurnAddr1DeTK5

Unfortunately, from the standpoint of someone both formally educated and professionally experienced in marketing (1), the results provide no useful information because of the ineptitude of the survey implementation.

The results of the “survey” pertain to promotion mix tactics (i.e. not “marketing” and not “strategy”) which are pretty useless in practice absent a contextualising marketing strategy and plan to inform the choice of a target market and formulation of the most appropriate promotion mix to influence it. (You may ascertain the validity of this observation by consulting the appropriate entries in www.businessdictionary.com)


That sort of exposes an otherwise unexamined assumption that the group (of people who comprise Slimcoin as a peer-to-peer networked cryptocurrency) needs a professional marketing team. I haven't yet seen any cogent or compelling argument to that effect and I for one would welcome it if anyone is in a position to present one.

Personally, I'm looking elsewhere for insights into what might infuse a marketing strategy for a peer-to-peer networked cryptocurrency, e.g. https://phys.org/news/2017-01-social-instability-lies.html


I'm more than happy to enter into a spirited public discussion or even a public-spirited discussion, I'm quite well resourced either way, here's a glimpse into my cryptocurrency R&D resource stack, (the detailed content is the first few items of the “attitude survey” folder):



It's not intended for public consumption, it's my personal research work that informs both the analysis and synthesis components (R and D) of my model of the domain . If anyone wants a dump of the stack, PM me. Happy to answer questions.

Cheers

Graham

(1) Albeit you might find it somewhat tediously predictable, that'd be me. But supporting chapter and verse available on request, as ever.

Email address is [email protected], as given in the white paper. However..



ACME reports a node in Norway, you never know your luck.

Cheers

Graham

The point is that very few people are using benefit of PoB. If that attract people , the price would be stable on some value to keep profitability of burnt coins. Same as mining. I do now with 2 000 000 of totally burnt coins like 500-600 SLM per day. I am good with that for now

So it's that have POS blocks with 500 coins each lol.
Eh I it should be good that we have so low supply, but still it will encourage pumpers to pump coin.

I think it is like that with all pos coins. Just no one tried. Create one more wallet on your PC, put some balance there and wait. I run 3 different SLM wallets on the same machine

That is very interesting! Can we get a comment on that from devs?

Seems we will not see any more cheap SLM

As per my experience, all stake coins coming one time, for the period you have the balance. Instead to keep open wallet and to consume my PC recurses 24/7, i do every couple of months. First time when i allowed staking after two years keeping the coins in wallet, suddenly came more than 10000 slm in groups. Since than, i dont stake 24/7. For PoB you need to have 24/7 open wallet.

But in this case you only get reward when you open it, no? You can't do staking with closed wallet.

I agree with drbarber on that. You're right, info is somewhere there but it's not summed up in some kind of poster as drbarber suggested. For example, one want to learn about ELI5 of PoB. There's no info in first post, it's bad enough for most people not trying to go deeper. Let's say someone is very interested and he opens slimcoin.club. It's often down. After that maybe just 1% of people would try to learn about Slim somewhere else. And when you find general info about PoB on slimco.in there's still no calculator. You can find one on slimcoin.club but it doesn't hep much. It only says you'll return money in 361 day.

We need some cool infographics in first post. That'd help a lot. But first we need written info is a few sentences. What is PoB. How much do you get from it and how do you do it.

I don't want to sound harsh, but a few things are already there:
ELI5 of PoB is on slimco.in (it's not indian - for me the name of domain is quite nice composing, and if you see in WHOIS - I'm definately not an fron india). Calculator of profitability is on slimcoin.club and it's in plans to be ported.

This is very suitable for meee 

For staking you dont need to keep wallet open. I have one wallet, i open every one two months, and i am staking for a couple of hours only. You need to unlock your wallet for that.

Nice job, good info and media list.

I asked some people on a crypto discord group to check out this btcc thread and they were critical about the following:

-Not really clear on what PoB is or how it works (in very simple terms & specifically for Slim).
-Not sure how to calculate potential profit from burning slimcoins.
-Confusion and dislike that there's too many websites (slimcoin.in seems it's in india & https also didn't work, slimcoin.club didn't connect)
-Organization of first post is slightly confusing.



I think once we establish a marketable way to simply express how to use slimcoins/PoB with little technical jargon, it'll be easier to sell to ppl looking to just daytrade. Maybe a poster that sums up what it is, how to get it, how to use it, and the benefits over other similar coins. A profitability calculator might also be nice for those more interested in PoB mining.


EDIT: Unrelated but do I keep my coins in my wallet for a week or keep my wallet on/open with the coins for a week for staking to begin?

Hush team ran a survey among community members concerning marketing strategy. Here's some early results. Sparkit posted it on Slack.

"I'll give you a small summary of the marketing survey. The majority of the people filling the survey finds marketing very important.

A twitter campaign is "OK", same with BCT Signature Campaign.
Ads on a crypto website is very split but the average is just above OK.
Ads on social media seems to not be something we should aim for.
Promoting posts on Social Media is though.
Buying article space on crypto sites is a very good idea, same with continuous updates and interviews with the team and articles on the website.
More explanatory videos and blog posts about HUSH, the features and how to get HUSH.
More updates about development progress.
More activity on  social media now when the storm around BTC is calming down.
More content on the website."

Since we don't have a professional marketing team, every bit of information is valuable I think. Here are some popular media I've found. Anybody can add something to the list?
https://cointelegraph.com/
https://www.coindesk.com/
https://99bitcoins.com/
https://www.cryptocoinsnews.com/
https://bitcoinmagazine.com/
http://www.newsbtc.com/
https://coinreport.net/
https://bitcoinwarrior.net/

Ok, so I find on some of the email discussion/forum more about ERcoin concepction.

http://erlang.org/pipermail/erlang-questions/2017-July/092980.html

I just looked at the code and the following lines seem to be the explanation of the PoW reward algorithm - it seems to be the same as Peercoin's ("ppcoin" is the old name of Peercoin) algo. (By the way: Peercoin is, at this moment, one of the established coins with the lowest inflation rate.)


I'll try to elaborate a graph with this.

For the record: When we had the recent difficulty spike, the reward went as low as 9 SLM/block.