Bitcoin Forum

python sovminer.py 
"Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments."
Txhash: 0x86c5c82875aa913fc323cac085a839889440d8cd57f2a134606c063c12f7b8b2
"All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts."
Txhash: 0xa113faf799b396dc9df2f3a7d8e14af947dbfb6a2492ded9bf8931b4c5c7293d
"The first requisite for a better social order is the return to unrestricted freedom of thought and speech."
Txhash: 0x884bf591c504bfb5266dc6eb9a72f1a13eb135f44f419fc3087e1f7e419d90e0

Thanks! It's pretty much a done deal at this point IMO. History has shown over and over again that people will flock to the hardest money. Assuming that the Ethereum blockchain succeeds (which it will, because it's the apex predator), SOV Coin is the optimal implementation of the store of value use-case.

It's like a holy Trinity with MKR (governance) and DAI (MUE/UOA) and SOV Coin (store of value), plus ETH as the gas for keeping the whole thing going.

Hello,

Do you have a team? a whitepaper?

Why did you use this quote with a wrong person, please provide a link where he stated what is quoted? 
And this quote is NOT about your project.


https://i.imgur.com/3jeXD4R.png


Person that quoted that sentence:

https://i.imgur.com/GnAbvrX.png


http://web.archive.org/web/20190306183634/http://mint.soundmoneycoin.io/

Hi , the project really has a legitimate strategy, today the distribution system and dependence on the conventional financial market do away with the main purpose of encryption, "decentralization". I agree with the concept of the project and look forward to the development.
I would like to know more about Python miner.

 ;)

SOV Sovereign coin is traded at Crex24.com/exchange/SOV-BTC (https://crex24.com/exchange/SOV-BTC?refid=mfb7zm3m0rkkx9dud91w)

Another ticker maybe?

I'm guessing KABOOOM! Price sky rockets  ::)

Hey ICOEthics, that is Ludwig van Mises, a famous Austrian economist who is already dead. It is not to meant to be a quote about the project rather than the emphasizing the philosophy behind it. But you are right, the quote is actually from Sennholz :-\ We'll fix that, thanks!
Do you feel that it is misleading? We thought it would be obvious that the quote is not directly about the project. We'll add a sentence to clarify this explicitly.


We do have team but we choose to stay anonymous. There's no ICO and we're asking money for anything so we think that's fair.
Also, we don't think a whitepaper is required. All the info needed is ITT and in the source code on Github and Etherscan. Although we can write one if there's demand  ;)

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Oooops - well I guess, social consensus will decide who's the real SOV  ::)

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Well exactly, that's the idea. Bitcoin might eventually lift its hard cap because block rewards are needed to incentivize miners. It may or may not happen, but the point is it can happen if there's consensus (and let's be honest, "consensus" in BTC means that a small group of devs and influencers agree, 99% of people will just update their full nodes to whatever makes it into Bitcoin Core).

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It has been corrected.

This is an interesting solution ... I will try how it works.

Do you have confidence that your coin will be valued more than 10cents per SOV coin?
What would be your major advantages to meet your tagline of being the new King in town?
I think beating BTC is still impossible for the time being, with regards to usage and popularity.

I certainly am not a developer of the project and can not professionally answer your question. But it seems to me that the pricing in the project depends on how successful the marketing will be. If the coin is popular among the crypto community, you can count on the price of more than 10 cents!

Personally I don’t think that it is so important to overcome Bitcoin to become popular and useful for the community. I am pretty interested it SOV Coin because I want to try mining. And SOV seems to be one of the most perspectives from all that I have noticed

Yes, as long as demand grows faster than new coins can be issued. Supply is very low and gasprice to mint will increase. It's a little bit like a lottery - whoever gets into the block first wins the price.

Do you have an official website? How many coins do you need to open a pool and what is its price? What is the profit?

Hmmm Mining in the browser ... This is something new. You can also try. I understand the power of the computer does not matter to anyone? Mine can be on almost any device?

This concept is unusual and interesting. maybe this project will be successful. I will follow the development, good luck to the team.

I'm afraid to seem foolish, but I can not understand how it works. This is not similar to masternodes or POS-staking, since you do not need to have coins on your balance ... This is not similar to classic mining, because you don’t need to have special powerful equipment ...
How will the mining of coins go?

Mining is not resource intense but the cost of production manifests itself in gas fees. If you have two competing transactions, miners will tend to prioritize the transaction with the higher gas price. If one user calls mint() with as gas price of 2 Gwei and another user who pays 4 Gwei, user number will likely lose the bid.

Theoretically, gas price could go up indefinitely depending on how much demand there is for mining SOV.

yes, anyone can start.
you can read the starting message, there is a detailed explanation.

I receive this error in metamask
ALERT: Transaction Error. Exception thrown in contract code.

This happens if another user bids for the same block reward but pays a higher gas price. In that case, your transaction will likely end up in the same block *after* that user's transaction.

Currenly, it looks like users pay between 3 and 4 Gwei for a transaction (you can look this up on EtherScan (https://etherscan.io/address/0x010589b7c33034b802f7dba2c88cc9cec0f46673), but hopefully we'll have a dashboard soon that shows some stats about that.).

This means that if you want your transaction to likely succeed, you should set a gas price of 5-6 Gwei.

so we just need to click non stop <mint>? that all?

Basically, yes :D

You might need to increase the gas price to outbid other who try to mint in the same block.

Maybe I missed somewhere, I understand that verification is not necessary, you just need to have a metamask wallet?

There is no whitepaper. It's simply a smart contract, no ICO, and complete and utter anarchy.

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That's correct.

This topic has rapidly escalated into a series of shitposts typical for users who are trying to get their signature bounty stakes, which is a shame, as the project appears interesting from a technical standpoint. I do have to comment on the above, which sounds like provocative sarcasm, or delusions.  ;D In any case, good luck to you. :)

If the transaction was successful, you should see a balance of 0.05 SOV in your wallet.

You can send those around using Metamask but you have to add them as a custom token first. I'll add a howto for that to the OP later.

I recently saw a lot of projects on a smart contract, it became popular among developers, it's all about the simplicity of creation

this is not a new idea, such production was used in 2017, some sites to watch movies in stealth mode, I was sometimes notified by the antivirus

Everything worked out! everything works! Received the first 0.05 SOV Coins!
http://images.vfl.ru/ii/1551973363/c729c096/25673133.jpg

No Team and No whitepaper - you want people to mine coins and what? a pump and dump? Anarchy as you wrote? Venezuela II?

Actually the opposite of Venezuela, because there is no way to print SOV beyond the limit set by Ethereum block times, and inflation is set in stone forever. That's the whole point  ::)

Smart contracts replace the need for a team. The smart contract already fully determines all aspects of the currency, band in contrast to Bitcoin it can never change.

Regarding pump & dump, any coin is susceptible as long as trading volume is low. The only way top prevent it is to have as many individuals mine as possible and prevent whales from accumulating to many coins.

And what is the point then? watching the movie in the mode of the unknown, somehow strange, never heard of this before)

Actually had a similar idea for creating a token for hedging fluctuating gas costs. If a token similar to the SOV had no limit to the supply and minting was not constrained (only by fixed gas requirement per unit), then price on exchanges should go up and down with the current gas price. Not sure if it would attract enough trading to create enough liquidity but theres futures markets for almost everything so why not? If wallets and dapps would integrate trading with such token they could enjoy predictable gas costs per tx  8)

It really sounds a bit strange or even weir:) it may be good for these who are obsessed with anonymity. There are pretty lots of them in crypt

In a such difficult market situation it is not so strange .. Personally, for me anonymity is very important thing

Mining in the browser sounds very cool! Whether prompt there is any detailed instruction how to configure everything? I would like to try but never did any mining.

I am also interested in this question. I do not see the site and white paper of this project? Where can I find intructions?

sites for watching movies earned on this, and not the person who watches the movie.
but this project offers to earn browser mining for a browser user.

Unfortunately the best instructions we have right now are in the OP. But you can reach out on Discord (https://discord.gg/up77nXY) for support.

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Check the ANN post on page 1 or ask on Discord (https://discord.gg/up77nXY).

Another sound money idea, bitcoin was suppossed to take this role but it seems be more like paper money disruptor than soundmoney. let this experiment running and we all should know. Anyway i have heard from someone in ethdenver that with the time being the eth devs are preparing to reduce gas fees even to 0. Now if that happen in the future, how can we mint the SOV? Still it use the auction system'?

Why do you even need to win someone? I believe that in the future crypto-economy there will be a place for many projects. The presence of a single global cryptocurrency is also not a good idea...

The fact of the matter is that mining in browsers is very actively used by various hackers. So often extracted Monero. Only this is hidden mining and the user is unaware of it. Here is a different situation. Everything is all honest. This is a good opportunity to try mining in 2019!

It is not possible reduce the gas fees to 0. There would be no more spam protection and anybody could flood the network.

I'm wondering how the mining process goes? I can `t get it. Should I keep the tab in the browser always open?

On the one hand, the project looks technically very interesting and unusual, but on the other hand, everything is very primitive: no RoadMaps and WhitePaper ... no information about the team ... I would like all this information to be available to users.

Well, the wallet is a metamask and it is well protected, and this company uses it

You correctly noticed that there is little information about the team, and there is no white paper, perhaps in the future it will be, but you want more information than it is now

The increase in the cost of gas should affect the cost of production of SOV Coin and, accordingly, positively affect its growth price SOV Coin. Do I get it right?

I think that Whitepaper and roadmap are the most important documentations am therefore developers should publish them

I did yesterday everything that was written and received coins: 0.05 SOV Coins. All night my computer was turned on and the browser was running, but my balance is still 0.05 SOV. Why is my balance not increasing? What am I doing wrong?

I don't agree that a whitepaper is necessary. Whitepapers are a meme. All the information you need is in the smart contract code and ANN.

You can simply follow the news of the project, this is the essence, but I do not agree that white paper is not needed

But now there is a good period on the market by the fact that most of the projects are simply eliminated, the place will certainly be for everyone, but can everyone be on the market for so long when there are, for example, stronger competitors and with a better idea?

Tell the team, do you plan to make white paper? so that people know more about va, although you have little information in the branch, but it would still be very interesting to read in more detail

When I read the project description, I thought it was a great chance to start mining. After all, in fact, nothing is needed except the browser and the Internet. Yesterday everything worked out, but for more than a day my balance (0.05 SOV Coins) remains unchanged ... What am I doing wrong?

Of course, these are important documents for any project. But agree that it is better when there is no White Paper and a Road Map, but there is a unique code of its own and a unique idea. There are many projects that have white paper, road maps and a beautiful website, but there is no active development.

Certainly you are right! The payment for gas in the future will only grow. About any reduction can be no question.

I also think that gas limit is important thing that prevent market from some more spam. However, we already suffer from it now

I don’t understand why you think that it is better not to have Roadmap and Whitepaper.. I also think that it is very important part of any project because it gives clear understanding to all community members

I guess it is not yet developed. We all have to be a bit more patient, because there are so many things to be done during first stages of a project

I agree with you.
community and investors want to know all the information about the project.

It is a meme that every crypto project needs a whitepaper. Look into the ANN thread and check out the smart contract source code, all the information you need is there!

So that’s why we can stimulate devs to do it:)) it is important if team take to account their investor’s opinions

Roadmap has been included into the ANN OP and announcement article (https://medium.com/@soundmoneycoin/soundmoneycoin-a-new-king-is-in-town-308521971287). World domination and $7 trillion marketcap buy 2035.

wow you 2035? I expect such a capitalization much earlier. This is a very promising technology and it will gain world domination.

This is a very big number and it seems to me that this is a typo. This capitalization is much larger than the entire cryptocurrency at the moment. Such numbers are simply not possible.

This is a very interesting article. I liked your roadmap, I hope you will be able to complete your plans and develop a successful project.

to prevent hacker mining, I installed an ad-blocking extension and it started blocking illegal mining

this project has quite good prospects of development

very interesting project, but how it will be beneficial for users?
I have already heard about browsers with built-in mining,but I did not dare to test it

The ad-blocking extension does not block hidden mining. it is not intended for this.

Reading a little of the introduction of SOV Coin, I did not understand the total amount of coins that will be available? Will not it have a fixed value in the total supply?

good project and really interesting roadmap.there will be any new roadmap for 2019??

I also do not see this information. but this figure is very important for miners. I hope the team will show this information soon.

Here is a link to etherscan.io. It indicates the number of tokens. I do not know whether the possibility of creating new coins. You need to ask the developers about it.
https://etherscan.io/token/0x010589b7c33034b802f7dba2c88cc9cec0f46673 (https://etherscan.io/token/0x010589b7c33034b802f7dba2c88cc9cec0f46673)

Oh, it seems to be so tempting and perspective. I believe that it will give a lot for crypt 

It says there will be an immutable issuance rate for the money supply, so yes, there is a pre-determined issuance schedule that can't be changed.

My finger and arms hurt from having to mine this manually. It would be amazing ff the crypto community came up with a tutorial on how to set up the automation of minting this coin. I have been viewing the explorer and I'm more than convinced that someone is minting this automatically  ???

Actually it may be bad to set up an automated function because if you end up being outbid, or outgassed, you are going to be continually wasting gas every time. Which could add up to a lot of ETH. This coin is really interesting because there will always be the potential to "get some cheap" just by the nature of how quickly ETH blocks can be mined back to back, but the price isn't going to be always kept low for the coin because the more popular it gets, the more people there will be bidding at any given block. I think this coin has the potential to really catch on. Especially because you know that it's distribution is going to end up very very balanced in the long run.

Often such non-informative roadmaps come from a non-professionally trained team. Developers save on managers and as a result we have these results.

Thank you for the link to the article! It was really interesting and informative reading! I've learned a lot more about your plans! I hope that the SOV Coin project will be a success!

The number of coins is fixed in the smart contract and amounts to 21 million SOV Coin.

You did not understand correctly what to do. It is not enough to keep the browser running. You need to send micro transactions and you will receive coins in return. This must be done constantly in manual mode. This does not happen automatically.

The wallet is a metamask this is a great solution. Metamask reliable wallet known to a very large number of users. I do not see any problems using it.

To be honest, I haven’t use MetaMask, but everybody say that it is reliable and good enough to use

By the way, they wrote that it is meaningless to do transactions with GWEI with a value of 2. I have sent successful transactions with GWEI 2 a few dozen times today.

I just thought about something. Once the coin is even moderately in demand, there will likely be so many users trying to mint it that they will be turned away by the money they lose every time they attempt to mint the coin and it has a failed transaction. There should be a counter on the webpage next to the mint button that says the gas spent by the previous transaction, or an average of the previous 10 transactions or something, so that users have a general idea if they will be successful or not.

Thank you for trying to help and answering my question. Yesterday I figured it out myself. Yes, you really need to constantly send these micro transactions in manual mode.
P.S. I already have 1 SOV Coin! )))

Guys I was really hooked on the idea of this project. I'm sitting in the morning and like crazy sending these transactions... )))

Similarly! It would be nice to automate this process. But then that idea which promises real decentralization of this coin disappears!

That is, while the SOV Coin is little-known it is mined by a small number of people. The more people are interested in this coin and will start to mine it, the less chances to get a coin and it will be necessary to constantly raise GWEI. That should lead to an increase in the cost of mining the coin and, accordingly, raise its price in exchange. Brilliant!

To be honest I thought that mining is about to die out at all! However aich project inspire some investors and SOV is keeping mining alive

It is actually doesn’t working now. But lot’s of investors and traders have a high expectations about it

In this SoundMoneyCoin project, everything is built a little differently. Here mining is really available for everyone. For absolutely every user who wants to get this SOV Coin. There are no threats of decentralization, there are no threats of "attack 51" or the danger that the coin will start to mine large pools or farms of asics. It's almost a perfect distribution of coins!

But how SOV can avoid attac 51%? I thought that it is vulnerability of every project in crypt

It is becoming less popular than it was in previous years. That’s because most current coins and tokens doesn’t need mining. They are based on PoS or hybrid protocols 

I also sent transactions with Gwei 2 this morning, but later the system began to set the minimum value of Gwei 4.

Now in general, as for me, those coins that need to mine will not be particularly popular, perhaps people are just disappointed

What does SOV stand for?

Right now, as for me, most of the traders went to the stock exchanges and there they sell already popular tokens, there is almost no sense to invest now

Well, mining will still be alive, this project provides us with new opportunities for mining tokens, so we’ll check

Well, the best browser for firefox, I have many friends use it and have not had any complaints yet

The main thing is to keep your keys in a safe place and this wallet is very popular among many users of cryptocurrency

Sounds like you're aiming big! Good luck to you, I'll make sure to keep an eye on this coin :)

Metamask wallet is quite reliable.
but hackers can steal coins from him if a computer is hacked.

You paint integration with Ethereum so beautifully.Is there official confirmation of Your words or is it just a fantasy?In addition to forkdelta where else is trading Your token?

320 SOV Coins are mined according to the developer daily. According to the idea this coin can not be cheap. As soon as users are seriously interested in the coin, the price should fly to the moon!

AdGuard extension several times warned that some sites use hidden mining when watching movies,I saw it with my own eyes, so I believe more my eyes than someone else's words ;) ;) ;)

investors prefer maximum information about the new project, and the more information and it is true, the more investors will be interested in the project

Given that the coins total will be 21,000,000 and the daily issue is 320 coins, then this should really cause a supply deficit. The main thing is that the crypto community is interested in this SOV coin. Then you can immediately count on a serious increase in value!

A supply deficit can only emerge if there is demand exceeding the supply. Just having low supply doesn't mean something must have value. Demand creates value.

but this project is very interesting for the community, so tokens will have value and will be in demand.

Bot sure what you mean by "official confirmation". You can check the smart contract on Etherscan  ;)

We're investigating an exchange listing, but right now it is still far too early for that. A second way to trade it OTC on Discord (https://discord.gg/cACSpwR).

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I'm sure it'll happen. There is already a Python miner (https://github.com/soundmoneycoin/sovminer-python) that you can use as well but that needs some technical skill to set up.

Meanwhile, the price of a coin has increased significantly in exchange! Now you can sell SOV Coin for about $ 2!

http://images.vfl.ru/ii/1552154557/beb739d8/25698095.jpg

Oh, it is very pleasant news and I hope it will be possible to reach 20-30 dollars till summer

Why do you think this coin will grow to 20-30 dollars before the summer? Can you give any arguments?

It is interesting project and I like that it has good support. It may seems that team can became quite popular

I'm loving the new thread dev!! Keep it up, I'm sure the shift to SOV is coming  ;D

It is really nice to see positive news, I will continue to follow the news, but we can not stop there.

the coin grows during a falling market, a very good indicator. I hope that the project will continue its quality development when the market recovers.

I am pleased to invest in the project, the tokens of which are already traded on cryptocurrency exchanges. What other exchanges besides Forkdelta planned listing SOV Coin?

guys where do you see the popularity of this project? it is just starting up, and so far I don’t see that this project is in demand in the community.
but I like the idea, maybe it will be successful in the future.

Sometimes the listing of tokens on top exchanges is quite expensive, this issue should be approached wisely.

Forkdelta is a good exchange, but there is need to get listing on some other. I believe it can be HitBTC for example

We will look into a centralized exchange, but first there needs to be more liquidity. Only 587 SOV have been mined so far and there's only 42 holders. Y'all need to get mining!!!!

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Most people are not comfortable trading on Forkdelta. It will need to be listed on a real exchange for price discovery.

so this coin is trading on forkdelta only???can i see the mining guide??i am really interested to mine :)

Of course you are right that the demand itself will not appear.... You need to convey information about this coin to the maximum number of users. The idea of the SoundMoneyCoin project is really good and deserves attention!

Today, if you indicate gwai 3 or 4 then transactions do not bring coins ... only from gwai 5 and up. This means that the number of interested miners has increased?

I am quite new in mining community, so could anybody tell me what gwai means? It seems like it is like measure of something

Wei is the smallest unit of account in Ether, kind of like Satoshi is for Bitcoin. Gwei stands for "Giga-Wei", or 1,000,000,000 Wei. You can look up the units here:

https://etherconverter.online/

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Yes, that was to be expected. It will probably move upwards in the future.

It is obvious that you did not understand the concept of this project. Here, mining is available for absolutely any user. There are no equipment costs or energy costs. This is a great way to get maximum coin decentralization.

Try MetaMask. This is a fairly well-known and reliable wallet for Ethereum. Plus you can try to take part in the mining of the SOV Coin.

I also think that it is more reliable than sust use MEW. And it is convenient. So I think it is the best wallet

According to what is written in this thread, it should be something really convenient and affordable for everyone

It is necessary to interest the investor, we need new ideas, new configurations.

I want to note that SoundMoneyCoin has many shortcomings, but they are quickly eliminated, for which the project team is especially grateful.

The project SoundMoneyCoin very professional team.... I think they know how to achieve good results in this industry. Since they already have experience, because the success of the entire platform depends on the professionalism and coherence of the team, which is worth paying attention to!
- It is good that the team does not despair in such a difficult time and continues to develop its project!!! That's good.

If I am not mistaken, the team of this project consists of one person. He calls himself Sovtoshi Nakamoru.

I would like to believe that this project has such a developer, only that it is one, it’s strange

There are flaws in any project, it has always been and gradually they are corrected over time.

I do not see anything strange. A man had an idea how to make a perfect coin. He realized his thoughts in a smart contract and posted a contract on the ethereum blockchain. What is the need for a development team here ???

Disadvantages are a big minus, they need to be cleaned up in a quick order, and if you do not pay attention, then they will further grow into one big problem

The main thing in any project is the simplicity of the interface and use, and another important fact is that the team should follow everything

In this project, one person is enough, in fact, he completely expressed his idea, all that remains is to follow everything 8)

Everyone is free to contribute to building infrastructure. We're considering setting up a DAO for governance that will be filled from the developer fund, and may also be used for rewarding people who make significant contributions.

But how one person can do all the work about the project if there are so many different stages to do. I think that it’s really difficult task for one person

Where can I buy SOV Coin and how much is the cost of 1 token? Does it make sense to invest in these tokens now?

0.02 ETH for one coin, here is the link to the exchange https://forkdelta.app/#!/trade/0x010589b7c33034b802f7dba2c88cc9cec0f46673-ETH

investing in a new developing project always makes sense, of course if it is not a project Scam, any project can bring you profit,and if the development of the project coincides with the growth of the market, this profit will be much more

That's right, you need to take into account all the risks before you invest, you need to study the project completely and understand its prospects for the future.

Invest or not, you need to decide on your own. If you think globally, the project looks promising, but whether it will succeed in the future is unclear.

The token is already traded on the exchanges, and the prospect of the project can be monitored by the price policy of the token, if it gradually grows in price, then we will all be happy:)

sometimes there are risks to invest in a very successful and already working project,which can suddenly stop working and you will lose all your money

Huge competition !!!
Already it becomes scary! Where can we get so many investors, how to attract and interest them? Well this is all you need to think about !! ??
What thoughts?

Everywhere there are risks and I don’t know if there are projects in crypt that are 100% reliable

Any investment contains certain risks, our task is to reduce these risks as much as possible.

There are a lot of projects that are interesting for their communities, but demand still needs to be created.

Until the market starts to grow strong demand will not be. People are waiting and nobody wants to risk.

No such projects!
In general, there is nothing in which you can be 100% sure!

Today I read on Twitter this SOV project that they have updated the site http://www.soundmoneycoin.io/. Looks good enough! Well done!

Tell the site there are images of a mobile SOV-wallet, does it already exist or is it only under development?
http://images.vfl.ru/ii/1552293865/c4aee12e/25718148.png

Development is still underway, but I think that very soon there will be an official announcement of the launch.

Yesterday there was no official site at all. It is great that the developers saw our comments on the project.

And in order to have a demand, you need good advertising, just the most usual chain reaction, you give advertising, people go

News should always be updated on social networks, because people are watching all this, and of course they draw conclusions about the team’s work.

yes, the project goes ahead! And it is really noticeable! Project developers are great work! "

I agree that there are some achievements and this developers are working hard to finally finish it)

contact between team and community is very important part. I like the fact that in this thread we have good cooperation

I appreciated the irony of the project developer who took a pseudonym very similar to the Bitcoin creator's pseudonym. It will be doubler funnier if this SOV Coin becomes as popular as Bitcoin.

I don't know if it's more like cheating or a mistake. I do not care what the names of the team, the main thing that the project was successful, this is the main thing.

another question..will you make new roadmap for 2019???and whats the use of your coin??its good to see their wioll be no ICO OR presale :)

it is true that there are no such projects and probably never will be, investments in any project have some threat of investment loss,but the biggest threat relates to new projects

Demand isn't created with a bull run in a magic way, it is created because someone builds something that others need or want to use.

quite right, the project should be built on promising ideas, projects with meaningless ideas disappear very quickly and can be equated to a project Scam

Most likely you need not only a new idea, but also a plan for the implementation of this idea, not everyone can realize what is written on paper.

what do you mean isocio?
this project does not conduct ICO, and no premine.

The idea should be not only new, but also useful for the community. Only an in-demand project can become successful.

Yes, if the team keeps in touch with the community, this is very good.
I like how the project team works.

we see this development.
but what will happen next? I hope that the team will continue to develop their project and make it successful in the future.

In words you can talk and promise a lot!
The main result!

I am sure that the team will fulfill everything that promises.
The idea is very promising and it will interest many users.

Team is working hard and I think that it is one of the best features that can give as a hope that it will be implemented

"Please get mining so that supply gets distributed evenly. We don't want to have 80% of the supply in the hands of 1% of hodlers  Cry"

Creating a website so quickly is awesome. Just some of my own outside/newbie perspective to offer:

As a non-dev and someone who is just beginning to learn about crypto, it's hard to trust crypto in general and even more so with so much anonymity. Having a website, terms/conditions/privacy statements (currently these links don't lead anywhere on your site), as well as a white paper help give us at least some reassurance. Otherwise we need to wait until there's enough hype that it might either be worth the risk or someone else has taken the time to explain and by then we've missed good opportunities to support.

Also, sorry, couldn't figure out how to do partial quotes  :-[

The project is really interesting but it depends on a thriving community of miners. Do you have a Telegram group? That way you could engage more easily with the community and respond to its questions and doubts

Ethereum needs an additional store of value coin. SOV needs to be decoupled from gas because the two uses are mutually exclusive

As of now there is a very active discord group where the devs and core team are available for many and all questions that should arise.

Being that this is a token it really does not rely on miners it relies more on people creating transactions to get a peace of the pie.

Enjoy

isn't ETH gas fees providing a floor of value on SOV? This is actually really interesting because there's a floor that is not controlled by ASICS, but by how much others demand the resource of ETH transactions being processed

As far as I know there is no mobile wallet yet. The project is only at the very beginning of its path. In order to start using and mining the SOV coin you need to install Metamask.

It makes no sense so far to make a mobile application for the project, since it requires a lot of costs, it is better to use them at the moment in advertising

It seems to me that this project will not cause anyone to call a scam as the developer doesn’t do anything illegal ... doesn’t sell anything to anyone ... doesn’t take any money from anyone and promises nothing to anyone.

Time will tell whether this is a real project or a scam, I will not just be wordy here, for now the market is very unpredictable.

Not only should they be build on promising ideas, but they should result in value creating products for the customers.

Without a good idea, no project will be popular among its users, advertising is by itself, but you need to follow everything, but rather how the project develops and in which direction the team will move

Developers are very active. They listen to what they write here and respond promptly. It is very nice to see such mutual understanding.

Any project is valued for the fact that developers communicate with their clients, it always has been, it shows that they are actively working in all directions

communication with the community is not an indicator of work. but this is one of the criteria for a successful project.
because communication with the community is very important.

Not all topics have it! Administrators must actively take part in chat! Otherwise, users simply will not be interested in this project!

It's all about priorities, most often, active communication goes in telegram chats.

In telegrams it is much easier to communicate than on the forum. Messages appear instantly. And on the forum you need to do extra movements for writing and reading messages.

And I like to communicate it on the forum))) but back to the topic, why should I invest in SOV?

promises mean very little to users ,and even less to investors, the most important thing in the project is the results and progress in the development and increase in popularity

No matter what the creator of the project calls himself ... the main thing is that they came up with a truly unique and original concept for their coin.

the most important thing in the project is its demand, sometimes there are projects with new original ideas but have very low popularity or its complete absence

Because this coin is unique in its idea. Agree that in today's crypto market, few of the projects can boast of a unique concept. Most of the project to some extent copies each other. But SOV is really unique. This is enough to try to spend some personal time and a little Ethereum and try mining this coin.

It seems the SAV coin is starting to be popular with users. if a few days ago I was able to mine the coin, I send transactions with GWEI 3 - 4, but today with GWEI 10-12 transactions turn out to be unsuccessful. Only with GWEI 15 and above can be successful. This suggests that there is growing competition among those who mine this coin!
http://images.vfl.ru/ii/1552467121/1d18d8f0/25745833.jpg

Has the potential to work well, as an add on to the ethereum network.  The thought process on bitcoin no longer being mined so that ends does still apply with ethereum, so that is a moot point.  But i can see this being a passively growing coin till popularity and process brings it up the market cap

Currently gas prices are however around 10-11 Gwei. Because some of the transactions fail actually costs around $5 to mine 1 SOV right now.

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We'd be happy to welcome you as our Telegram moderator  ;D

Since you started writing about telegram, then it is quite logical to ask a question whether it is planned to create telegram groups?After all, it is really very convenient to have a discussion there.

I really want this project to successfully develop, but I no longer believe in tothemoon. However I will look closely to what it develops

I studied Your project in more detail and my opinion about it has changed a little.But I still don't understand why I need to buy your coins.What benefits will I get from the purchase?

To be honest I think that channel or group in telegram is rather better, because there are more people there and it can make project even more popular

After all, the project has accounts in Twitter and Facebook? To popularize the project, we need to use all means, including social networks.

Social networks are a very important part of any cryptocurrency project.
and this project should use all resources.

Telegram is a very convenient way of communication between developers and the community.

For mining requires a regular computer and Internet access, I understand correctly? Which component of the system will be a big load?

As far as I understand, the coins will be used as a unit of account within the SoundMoneyCoin decentralized system

This project already has multi-promising ideas, and I am confident that the team will create a sought-after product very soon.

good luck SOV, i like the name "sound money"

All you need is Chrome browser and Metamask. No load on the system, but you have to pay Ethereum gas fees and the price will get higher over time.

It seems like that is already common with over time prices will continue to increase each year and may not be imagined for the next few years.

It is clear that the growing interest in the project users and more and more people are trying to mine this coin. As a result, the complexity of production increases. But I think that the current difficulty is nothing compared to the one that will be in a few months.

The price of this coin will grow despite the general trend of the market. Because the project has just started and the price is based on the cost of mining the coin. And the cost multiply increases literally every day.

Despite the fact that the mining of the SOV coin has significantly risen in price over the past few days, I still managed to mine some coins. I do not plan to sell. I hope that in a year I will see a price tag on this SOV coin of several hundred dollars at least.

If we take into account how much mining costs today, it seems to me that it is easier and cheaper to buy SOV on an exchange, while the prices there are not very expensive.

And what SoundMoneyCoin is already trading on the exchange? The coin appeared just a few days ago.

An idea doesn't have users, a product does have users. You can have as many ideas as you want and no users, or you can have one single product and as many users as there potentially are.

I noticed that coin mining was cheaper today. Sometimes you can get a SOV coin setting gwei 1, 2 or 3:
http://images.vfl.ru/ii/1552569358/634ea530/25762841.jpg

On page https://mint.soundmoneycoin.io / link "buy some on ForkDelta" is not on the ForkDelta exchange site, and goes to the article about the SOV coin on the site https://medium.com/. Please fix it.

Isn't it better to direct people to a Howto about trading on ForkDelta than to ForkDelta itself? Most people will not be familiar with how a DEX works and might prefer an explanation.

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Folks, we are happy to announce that our whitepaper has been released:

http://www.soundmoneycoin.io/whitepaper.pdf

It is now also linked from the ANN.

just wanted to let you know that this coin is going to have a tough time of adoption. Your coin is already overrun with scripts that automatically bid higher than the person, and that also seem to have deals made with the mining pools as their lower fee transactions are also getting block priority. Tried high amounts five blocks in a row and every time a much lower fee got priority. And it is from one of the scripts that non stop subimits. You need to find a way to block the automated scripts or set it up so that no address can receive more than a certain number of coins an hour or day

Read the sections in the whitepaper on mining and clogging of the Ethereum network. It is expected that Ethereum miners will start cheating at some point if there is enough incentive to do so. Also note that not all miners sort transactions by gas price. It is the default setting in geth, but miners are free to use their own sorting algorithms. Other things, like the sender address, time received, etc, could also play a role:

"It is expected that over time, only the most sophisticated minters, who are also willing to pay a high gas price, will compete for new SOV. An equilibrium should emerge between the cost of minting SOV and the price at which it trades on the market."

Which person are you talking about that could be the one who gives higher bids than others?

I want to see this coin will be used in adoption and it seems it is really different coin than others.i am really loving it.want to see sovcoin success.

I can't even get a coin today... I have no idea what the mining process will look like after a while. A week ago, each transaction sent brought SOV coins... and now the complexity of production has increased significantly.

Honestly, I wouldn't bother trying. The mining process is already monopolized by 2 or 3 people running scripts, and one of them seems to get priority in blocks regardless if you use a higher gas or not. This coin is destined to be more unbalanced than any coin that is mined using POW because at least POW coins, normal people are able to set up miners and get their fair % of what they are adding to the mining pool. This however, is monopolized by a couple people with access to scripts that normal people have no means to acquire. If you look at the distribution of this coin, it is already grossly unbalanced and disproportionate and it is only going to become more and more unbalanced. The creator probably had good intentions and it is a good concept, but it simply won't work with the mechanism of mining that he has chosen.

so you call sound money coin a new king??really i think yes!but what is advantage of this coin?any real product or something??

this coin has many advantages over others like it. You can read about these benefits in white paper. I think, this information will help you understand all the important essence. For myself, I chose several perspective coins for the future.

Why do I have when trying to mine metamax generates a transaction with an erroneous (expensive) cost of gas? Already ten times in a row...
http://images.vfl.ru/ii/1552891400/df725aca/25810025.jpg

Look like SOV is staking coin with all new features available in the market new project in 2019 in pos model will have lot of new developments we can expect

I agree with what the previous poster said. STAY AWAY FROM THIS COIN. It is exclusively mined by 2 contracts and the one that submits transactions every few seconds has block priority at one of the biggest pools, sparkpool. No matter what gas you use, they will still be awarded a higher block position and you will fail to mine the coin and lose your money. This coin is not sound money, not fairly mined, and is already extremely imbalanced. Also, the metamask extension never uses the proper gas limit, and even though every single transaction from the two scripts that are mining this coin only uses 52,000 gas, when i set my limit at 55,00 gas my transaction fails for reaching the gas limit. Yet, somehow, when i look at the previous 100 transactions, every single one of them only used 52,000 gas. There is something shady about this coin. Stay away

As Sound Money Coin rises in fiat value an increasing number of actors will attempt to mint new coins. Currently, the Ethereum network only supports 15 transactions per second. Consequently, if minting SOV becomes too popular, Ethereum blocks could be soon be completely filled with SOV minting transactions

I just talked to a friend about this coin and he asked me a question . I quote the text from the first page of this thread:
I was sure that the coins received by the one who pays above the price of the Gwei. But because the description says that "User A" was sending a transaction with Gwai 2 and "User B" transaction was with Gwei 4... and it is claimed that "User A" can also get the Sov coin. How could that be?

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Developers please answer my question that I asked a few posts above. We had an argument with a friend of mine and I want to know which one of us was right.

up

Metamask will sometimes show an error because it thinks the transaction will fail, but in fact if you set gas price high enough the transaction will likely go through. Just send the transaction despite the alert and it'll probably work.

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Your friend was right, there was an error in ht post. Actually User B receives the coin. Fixed now!

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I don't think the part about spark pool is true. SOV is not important enough to draw the attention of any major pools yet. It could be that spark pool doesn't sort transactions by gas price though.

Regarding distribution, that should get much better over time. Right now, there's simply few people interesting in minting SOV, and those do mint a lot of SOV. The biggest holder has ~450 SOV right now, that's 0.004% of future total supply. Over time this will will dilute heavily.

Also, two CLI miners are publicly available:

https://github.com/soundmoneycoin/sov-minter-cli
https://github.com/soundmoneycoin/sovminer-python

The only question is if you want to invest all the gas fees for minting, it will add up to a lot of ETH over time.

Thanks for your reply! It turned out that my position was right - the coins received by the one who will give high price for Gwei. And my friend thought it wasn't. Now everything became clear.

 SOV is really important one for crypto world and i am fully agree with that said a new king in town!best of luck dev and supporter .i can see a bright future ahead on!

If you describe a big and good thing in the future, it's time to make a good decision to make a profit in the future. Everyone is free to imagine something big to make it happen in the future.

Do you have some bounty campaigns? I would like to participate! Thanks for answer!

i like your website design and you have added some useful information and features of sov coin.i saw the benefits of sound money coin!
• Hardest money possible

• Immutable issuance rate & hard cap.

• No ICO or premine

• No energy expenditure for PoW mining

• Secured on the Ethereum blockchain

• Code is open source and can be verified on the Ethereum blockchain
really great benefits.

I join all of the above, which is still worth noting. 2,603.397 SOV will be issued in total - I just started mining them already. 0.8 sov  ;D

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People until the weekend mining became much easier, do not waste time in vain, it is quite simple, but only for now. I attach a print screen that I mining: https://prnt.sc/n1rgnw

Today, errors in the mining of SOV coins has become much less. It seems that this problem has disappeared. By the way the coin today, well mining. There are very few counter-orders from competitors ' miners.

I think you've cottoned onto some very important facts - Guess I'm going to get myself some SOV.

Attention community Sound Money Coin project!
If there are Russian-speaking users among you, we invite you to actively discuss SOV project on a special thread in the Russian-language forum locale: https://bitcointalk.org/index.php?topic=5122774.msg50241887

Now mining has become much easier. I understand that the interest in this Sound Money Coin has subsided a bit ... well, well, it will give us more chances to get coins.

You're right. Previously, an error when trying to send a transaction appeared much more often. Now there are practically no errors.

This is an ordinary token on the ethereum blockchain. Smart contract simulates mining. Such "coins" with pseudo-mining was already a big pile and where they are now... No one will remember them.

What are these few unsuccessful examples? I honestly do not know such projects. When I first learned about Sound Money Coin, I really liked the concept that the developer proposed.

Look for old topics here, there are a lot of similar tokens. For Example, Minereum, Rebellious, PosToken, Elixir, ClusterToken...

I disagree with you. Some of the projects you listed are quite viable. For example, the same Rebellious. As far as I know, the REBL token now swaped and switched to its own blockchain.

Does anyone get a SOV coin? How much does a transaction really cost to get a Sound Money Coin? I remember that a few weeks ago the price for gas reached 7-8 cents.

This error occurred because of the greater user load. Now the number of active miners has decreased several times and there is practically no error.

Honestly, I hear about such projects for the first time in general ... Although, incidentally, nothing surprising. The project is born and die every day. Only the strongest survive!

Unfortunately, I can not disagree with you ... most of the projects that appear on the market after a while disappear into oblivion ...
Although it all depends on the attitude of users. If users believe in the project and support the project, then everything will be fine!

Now the cost of mining SOV coins has decreased significantly. Really get a coin sending a transaction worth 2 cents.

completely agree. Forget free listing on binance. Forget listing on binance at all, if you project does not smells money.

It seems to me that you are mistaken. For one successful transaction you will not receive 1 coin. You will receive only a fraction of a coin: 0.1 or 0.01.

When you send a successful transaction, you receive a reward of 0.05 SOV. This is spelled out in the smart-contract.

It turns out to get 1 Sound Money Coin you need to make 20 successful transactions?

Thank. You clarified my situation a little. I later read in the project description that each successful transaction brings 0.05 coins.

It turns out to get 1 Sound Money Coin I need to do 20 transactions?

I think that in the project no one thinks about Binance. Even if it were possible, it is very early for the Sound Money Coin project to enter the top exchanges.

Are you talking about mining now? I do not quite understand how mining works in this coin. What is the principle?

You need to make 20 successful transactions. But as a rule it is practically unreal. Therefore, count on 25-30 transactions to get 1 coin.

There are not many competing transactions now. Therefore, the chances of getting a coin by making transactions 21-22.

What exchanges are available? Only ForkDelta?

You are absolutely right. Project Sound Money Coin needs harmonious development. The project is still too early to go on top-level exchanges like Binance. But of course a new exchange is needed.

Yes, for today the Sound Money Coin is available only on ForkDelta: https://forkdelta.app/#!/trade/0x010589b7c33034b802f7dba2c88cc9cec0f46673-ETH

Everything is written in a "Sound Money Coin" smart contract. You send a free transaction and get 0.05 SOV instead.

Maybe someday these 0.05 coins will cost a lot of money. And you'll be very happy that you have them.

If 1 transaction costs 1 cent, then the cost of 1 Sound Money Coin is about 22 cents? Right? And how much does it cost on the exchange?

I correctly understood that $ 0.005 is the minimum price? Can I make a transaction less?

You need to vote for the articles and support the Sound Money Coin project! This is a great chance to make the project famous!

I think that of course you need to vote for these articles about the Sound Money Coin project. It will be a great support for both authors and project!

Is anyone mining this Sound Money Coin coin right now? How much does a transaction cost? Does it make sense to mine?

Now there are very few people who mine coin. You can safely do mining on minimal transactions. The cost of the coin will be very low.

Is there any reason to mine a coin? I have the impression that people are losing interest in the coin ... very sorry. The project seemed to me very promising.

You need to share this article in their social networks. This will help in promoting the Sound Money Coin project.

If each of us does something for the project, then more people will learn about project Sound Money Coin and it is possible that the coin will become popular. The idea of the project is very interesting. I hope that this coin will be successful!

The Sound Money Coin project is really interesting. I like what the project developer came up with. I hope that other users of cryptocurrency will also be interested in this project.

And how do you know a lot of people or few mints now this Sound Money Coin?

Of course this project needs more marketing. The coin looks very attractive and it seems to me that the project has certain prospects. But need advertising. a lot of good and high-quality advertising!

Although the concept is not new, but the project is quite interesting. I think that this Sound Money Coin can live an independent life for a long time.

The Sound Money Coin project has a number of perspectives. Even if now the coin has a low price and a small community, this does not mean that the coin cannot grow in value in the future.

The popularity of the coin is very small. Now it is very easy to get coins. I hope that this is a good investment for the future.

For advertising you need money. And this project did not conduct any fundraising companies. Here everything works on a voluntary basis.

Therefore, it’s not a fact that if today a Sound Money Coin is not popular, then tomorrow the situation cannot change and the coin will be very popular.

I believe in this Sound Money Coin project and I hope that it will be noticed in the crypto community and this coin will become popular among miners and investors.

You can always spend $ 5 or $ 10 and mine this coin. In the future, perhaps this will bring you good dividends.

Sov team should do extensive advertising in various ico forums so that they can archive the price target they are aiming as of now the team is very slow in advertising

I also plan to buy some coins for a long time. The project, when it makes a normal advertising may well give a good income. So I think you can invest in it.

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