Topic: Slimcoin | First Proof of Burn currency | Decentralized Web - page 73. (Read 137076 times)

@gjhiggins: Nice find! Maybe a good text to be included (or at least mentioned) on the Slimcoin web page, next to the "long-term-oriented" advantage.

@muf18: I'm pretty sure that this address is NovaExchange. They seem also to do a lot of Proof of stake minting, if I'm not wrong - they collect much dust, but seem to find many blocks. And they also seem to send some strange transactions that move an UTXO with a large amount to two inputs with approximately half each one.

Antifragility and the Lindy effect:  ... https://cryptofundamental.com/in-pursuit-of-lindycoin-212bacafc395?gi=31802cf4c343


Cheers

Graham

I don't know, what nova is going to change in april 2018, but I hope, they will relist, all the coins they had, or delist only scam/ponzi projects like bitconnect.

If it's going to be a refresh and much faster/better, it would be a good change. API was slow for a few months, and their servers struggled.

Yeah if we want to be on 'some' exchange it could be as well yobit, but it's shady, as hell exchange. But their fee is low (0.1BTC, at least for 'standards'), now.

Hmm, that's interesting.
This address has more coins, than the one, where are them burned.
https://bchain.info/SLM/addr/Sbseqvg32W2sEio2H47NSHAFE6thi7uk9U
2.7 mln, can it be nova's? Just curious to see this, not insisting anything. Or someone, who picked up all those coins for these several months, and consolidated it...

Not an exchange I would consider using. A citizen of Costa Rica as sole named director of a London-yes-that-sink-of-depravity-registered pro-forma company with £1000 capital, run out of an accommodation address.

Director: https://beta.companieshouse.gov.uk/company/10463744/officers, other directorships: https://beta.companieshouse.gov.uk/officers/vs7q6V9iee0eE4dlrcw3mSXc6DA/appointments

Application support: LM Capital SA, sole director, also Costa Rican, https://beta.companieshouse.gov.uk/officers/Ze9EDACFAIE_SIEdjfrWpTlICcw/appointments

I mean, really. The warning signals are plain to see.

Given the above, T&Cs are meaningless, as are any of their data protection/privacy statements.

Paid listing is $5000 - $50,000, at their arbitrary discretion. Voting procedure is detailed, votes can be bought but selection criteria are just waved away: “we are reviewing the coins that have received more votes than others” “We consider the first coins from the voting list twice a month” - well, isn't that so splendidly generous of them.

Cheers

Graham

I'm still "fighting" with Jena/Fuseki to set up an own basic block explorer based on ACME (it's a completely new software for me, and I have to work also, so please be patient), but I'm slowly making progress. Once finished, the basic "web2web" approach should work, I've already ported the original web2web "web app" to SPARQL/Slimcoin.

(And no, I'm not the 280K seller you spotted - for this price, I would rather buy, but Bitcoin as a base currency is "a bit" expensive just now . I guess it's a miner panicking that he cannot sell his coins anymore after the Novaexchange closure.)

Maybe someone wants to try to put SLM for voting on Mercatox? I already did it. It would be nice if more people submit

Now hands up, who sold bag of SLM  .
260K in last hour...
Nice, really nice, someone who bought it, is really smart imo .
Top 2, 6, 7 and 9 addresses are active right now. I didnt see such activity in same time.

My perspective is oblique to say the least. I have a notion to use the OP_RETURN data to carry a URI reference to the signature hash of an RDF subgraph containing metadata and content (hosted on an external, collectively-maintained RDF graph, i.e. a public resource, publicly curated). The signed RDF subgraph can represent anything that RDF is capable of formally modelling. The signature hash of the subgraph is inscribed on the blockchain, keeping everything honest. HD sub-addresses can be used to publish and reliably identify pseudonyms of posters (communicated by side-channel, another role for the communally-hosted RDF service), e.g. publish a FOAF file to the graph, publish the hash signature to the blockchain, an app could retrieve and display the published FOAF data of the addressowner-as-publisher (still optionally pseudonymous), along with the (hash signatures of RDF subgraphs) of other OP_RETURN txs  associated with that address, ultimately resolving to, e.g. metadata for a series of blog posts - title, date, author's pseudonym, thumbnail, summary etc. etc.

I had an initial pass (following the web2web example) using a torrenthash inscribed on the Slimcoin blockchain but ran into practical difficulties getting the torrent content hosted anywhere other than a m/c under my control. And I discovered that torrenthash metadata is confined to file chunk size and hash, there's no user-oriented metadata at all. Hence the RDF graph - for metadata.

(Pilot standalone blog post / torrent content: A different perspective on cryptocurrency, published as an HTTPS resource pro tem - in due course the tabs will be populated by metadata retrieved from OP_RETURN data pointers to RDF subgraphs)

I'm in the throes of building out the service into an easily-deployable hosted web app - to which I've given the label, ACME (A Cryptocurrency Metadata Explorer).

ACME could well work for Datacoin - whilst the DTC blockchain can store binary content, unfortunately - like torrenthash - there's no metadata to inform users of the contents of a blockchain-stored blob. So, it looks like Datacoin could well be languishing for want of metadata that reliably and accurately describes the content of what's stored (and therefore what risks attend the content).

As for Gapcoin, well BTCFX browbeat me into it - I reckon he's prolly a headmaster IRL No, seriously the prime gap work is interesting and as a 0.9 Core clone, it handles OP_RETURN tx as standard, so could pretty much immediately benefit from an ACME metadata publishing service - which could easily be adapted to publishing more detail about the approach, the overall effort and its current state.

If you like, I'm looking to the future, to when people start casting around for an alternative to having to store their published social network content on FB et al. and trying to work out a reliable and useful alternative approach to (what are fast becoming user-hostile) corporate-provided solutions.

Cheers

Graham

The network hashrate reflects mostly the price on the market, i.e. is it worth to mine a block, do I get my power cost at least returned.
Now that there will be no price to rely on for calculations only enthusiasts are left mining/staking/burning. It is now easier to launch a 51% attack on the chain but you can't sell what you get or elsewise said, the reward for such a stunt is lower. Also if you can afford the coins and hashrate that would be needed for 51% attack now, you are likely to be able to do that also if the hash rate is double as high.

Though keep in mind, it is not about PoW hash only, PoB and PoS further secure this chain against a 51% attack, so I would say the temporary decline on hash rate doesn't mean the chain is less secure - I'd rather look at it as a situation where newcomers can again mine a block or two to start staking and burning.

Bittrex has become a nonsense gong show anyway, wouldn't waste my time with them anymore. They have gone so much TITSUP (Total Inability To Support Users Problems) lately that I wouldn't use them any more in the near future. Slimcoin should be IMHO on a small and fine exchange like Nova it was (it is not clear yet if the new owner take over platform and users) or decentralized exchanges which would suit the spirit of crypto currencies much better anyway.

I mean network hashrate is slashed by half, and there are less nodes, thus I think network isn't so secure as it was when nova wasnt closing down. I mean now network is 1.4-2.2mh/s, and 2 months ago it was like 3-5mh/s.
Network strength is important aspect of cryptocurrency, imo.

Can you support the “hurting ... a lot” assertion, i.e. describe to what effect and how this effect is measurable?.

Cheers

Graham

Not applied, no. The application criteria (as published in 2014 and subsequently edited) are nonsensical in parts:

• Coin Name
• Enhanced Verified Account of team member on Bittrex - This team member must be either a core developer or a major shareholder (10% or more) of a company that backs the development of the coin.  That member will need to submit identifying documents to get their account enhanced verified.
• Description of your coin -  Why does it exist and what makes it unique?  What new technology or business concept are you bringing to the blockchain? If your ANN thread only has coin specs on it, you are not going to get listed on Bittrex.
• Coin trading symbol - The ticker needs to be 3-5 letters and cannot contain any symbols or numbers.  Please verify that your preferred symbol is not already in use on our exchange or any other.  There are a number of services that track coin prices that require the symbols to be unique. Even if the symbol is not on our exchange anymore, we won't reuse it.  Consider your symbol carefully because we will not change it once it is set.
• A logo for your coin - png format with a transparent background.  The logo should be square with dimensions of 1000x1000 pixels with no white space on its border and no taglines.  It should only be a logo and expect it to show up in multiple spots in the Bittrex UI.
• Launch Date (past or future)
• Github Link - We only accept source code.  We will not run a binary that you provide us.
• Did you raise money/bitcoin to launch your coin?  (i.e. a CFC/ICO)
• Did you have a premine?  How much is it?  Is it escrowed?
• What is the max money supply for your coin?
• Exchanges you are currently on
• Official blockchain explorer
• What is your TxFee for a transaction
• Any social media information such as your official website, twitter account, facebook page, subreddit, etc.

These are deep systemic fault lines that separate hierarchy and network.

Elsewhere, the information inviited for the promo API also clearly describe a hierarchical mindset -


Only one website, only one subreddit, only one twitter, only one facebook a/c, only one forum, only one slack, only one video, only one team. Only one view, of only one a/c holder at a time, more systemic fault lines.

Cheers

Graham

Would be there anyone who want to help us redesign website? At least we can do it. Exchange are now really gready, I understand that BTC is at height etc but going up with fee in BTC when value is raising is beyond me.
I don't know what gj and d5000 are doing, but nova closure is hurting this project a lot.

Thank you, I will not apply to them for the moment

Regards

They asked for dev in their application

Hello all,

Has anyone applied to bittrex at all?

Regards

A year or two ago somebody started building something on datacoin but I guess couldn't find tech types to help. He or she was just working on the coin as a hobby, trying to build cool stuff that was beyond my understanding, but unfortunately most developers only want the new high visibility coins. I think I got some datacoin from cryptsy and would definitely try to get more to support it if it gets listed somewhere. With all these new decentralized exchanges it might be cool to make a few strictly quality coin exchanges, no premine, no ico, mainly useful algorhythm or hobby coins http://anycoin.exchange/

Yes gjhiggins, is helping a few project, Slimcoin and datacoin the most, as I have seen. Shitcoins should be dead anyway, so I don't think it's a much of a loss . And good coins should be supported, especially innovative ones. With big tossing new tokens and coins, old and good ones should be at least maintained and slowly developing.

gjhiggins, I saw you were helping gapcoin and I just went to research the old datacoin that was one of the coolest old coins that might have been dead and saw a repository that I guess is yours.

If you keep saving all the goodcoins what will happen to all the shitcoins out there?

Anybody tried to contact other exchanges?
I tried several, and I'm waiting for responses.