so far mining with a Raspberry, even Slimcoin, seems educational at most.
It's still helping to secure the blockchain and that does seem to be a feature of the original design.
I realised last night that I might not have reset the reservebalance binding on the 2012-vintage Macbook that's quietly running the Slimcoin app under 10.6.8 - and I hadn't, which explains why thus far it's only had one mint-by-stake (and I'm not even sure how it managed that). I set the reservebalance to zero before I retired to bed and checking just now, it has since received three mint-by-stake rewards.
Mining with Slimcoin hosted at a data-centre will have the advantage of low latency - but that way lies centralisation, as any fule no [1].
So, mindful of the potentially deleterious effect that centralisation would have on a community alt such as Slimcoin, in due course I'll be taking the ill-gotten gains that I made while the network was quiescent (my "SUSah.." mining address is #25 or so on the “rich list”) and making them available for general distribution.
Of course, this only makes sense i) while Slimcoin remains insulated from the social predations of the mechanoids that inhabit cryptocurrency exchanges (bear with me on this one, just for a little while longer because of ->) and ii) if Slimcoin has some utility
beyond that of the basic token transfer and accounting system that was inherited with its cloning.
For the immediate future at least, I'd expect the cryptocurrency exchanges' requirements for tokens of officialdom to present an effective barrier to Slimcoin being listed. I hope to exploit the advantage that this offers to make an additional contribution in terms of increasing Slimcoin's ability to offer a positive pro-social experience to its community of users.
Thus far I've posted sketch maps of the first two components of my understanding of altcoins (one: the impact of the cryptography inheritance on the social constraints imposed on the members of the user group and two: how those constraints enforce the creation of a Teal organisation).
There are three more yet to come: the next one sketches out how the cryptography inheritance creates the conditions for a form of “pure” Teal organisation (vs say, “
Holacracy”) that
inherently operates as a
collective intelligence.
It's just more joining of dots to sketch out different ways of describing altcoin user groups --- but some of those descriptions, if accepted as plausible, provide hugely useful information on a number of aspects pertinent to the longevity and success of the collective effort.
For example, once you've viewed things through the lenses provided above, the success of Dogecoin is no longer inexplicable but actually, rather predictable.
[1]
https://en.wikipedia.org/wiki/Nigel_MolesworthNext up in this series of posts, more details on the “additional contribution” that I mentioned above (as soon as I've scoped the work).
Looking back through recent posts: I really do appreciate the considerate responses, it makes the whole thing so much more rewarding. Will respond with specifics later. Cheers
Graham
