Ongoing stuff: - adding the opcodes needed for atomic swaps
- html5 wallet
- new coin explorer
- re-implement testnet
- several bug-corrections
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Being founded in 2014, it's not exactly an ICO is it?  |
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re exchanges:
The current price of SMLY is well below 1 Satoshi. This implies that a BTC-based market is not suitable for SMLY. We need SMLY-DOGE or SMLY-LTC markets.
You must have noticed the problems at tradesatoshi -- they've had to deal with a barrage of DDOS attacks recently. As a result they have stopped much of their trading, including any SMLY trading.
Further, novaexchange is still not up to speed. There is no deposit option for most of their coins. You can still buy SMLY there, but the spread is wide and the amount available is low.
Finally, cryptohub has no option for DOGE or LTC basemarkets.
That leaves SouthXchange who have just added SMLY to their LTC basemarket!!
You should expect SouthXchange to become the main exchange for SMLY until novaexchange and tradesatoshi get up to speed again.
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We should also discuss the following idea regarding the SMLY premine: Rather than keep the premine hidden away in cold storage we could set up a formal board of trustees (for lack of a better term) with access to a multisig address where the premine is stored. So we would view the remainder of the premine as a fund to be used for a specific purpose. A majority signature would be required to send SMLY from the fund.
The fund would still have pretty much the same functions as the present premine, i.e. support the tutor-web with an option to occasionally fund R&D projects. We should use the opportunity to spell out exactly these functions, e.g. with a percentage split into each category. We should also spell out exactly the maximum amount spendable per year.
Make it so. We'll try -- just need to set up a formal board. More later. |
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Some of the tasks for the summer: - HTML5 wallet
- Enable atomic swaps for SMLY
Both are pretty interesting. The HTML5 wallet is well under way. We should also discuss the following idea regarding the SMLY premine: Rather than keep the premine hidden away in cold storage we could set up a formal board of trustees (for lack of a better term) with access to a multisig address where the premine is stored. So we would view the remainder of the premine as a fund to be used for a specific purpose. A majority signature would be required to send SMLY from the fund. The fund would still have pretty much the same functions as the present premine, i.e. support the tutor-web with an option to occasionally fund R&D projects. We should use the opportunity to spell out exactly these functions, e.g. with a percentage split into each category. We should also spell out exactly the maximum amount spendable per year. Comments? |
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I will like to get some coin but I will like also to know the plans for this year. Maybe like roadmap so I can be more informed about the plans.
You will find all the links in the opening post of this thread. |
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Everyone is still just solo mining |
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the folks at cryptopia are trying to figure out what the problem is.  yeah, right: it's been more than a year  |
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good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....
If anyone understood that please explain to the rest of us. |
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It seems that since the de-listing from C-CEX no trading in Smileycoin is taking place what so ever.
The two other exchanges which are supported by Blockfolio, Novaexchange and Trade Satoshi both show no or very little SMLY volume for multiple days now.
Where does the coin move next? How do we get more trading volume?
Furthermore, now Smileycoin has been de-listed from C-CEX, it will probably also be de-listed from Coinmarketcap. I think that this may pose a potential treat for the popularity and therefore trading volume of SMLY, as this will drastically decrease its visibility. Does anyone has any suggestions on how to stay on CMC? Does the dev team take any actions concidering this situation? Are they going to apply for listings on larger exchanges?
Blockfolio is an exhange with SMLY? SMLY is listed on tradesatoshi, southxchange and cryptohub. Check out the telegram group: https://t.me/joinchat/Eo_H1hD-xrvrHXtRY7OrIwThe dev team can't really do much about volume except work generally on increasing awareness, interest and getting more investors. All of that is ongoing. You can help us by simply trading a bit on the exchanges -- and not just putting coins for sale at 1 Satoshi... If there is only interest in dumping the coin then trades will move to DOGE, WAVE and LTC markets at lower prices as has happened in the past. It's not what anyone wants, but it's inevitable if there is a continued sell-off. There is very little else that the dev group can do in the short term. See the telegram group for more info on what is going on. |
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We need your feedback on an idea...
You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.
An idea was put forward today, which may alleviate this:
We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.
The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.
Sounds like a decent idea, but please consider a fund to pay for development. Exchanges want there to always be a developer that they can speak to. How about just having the rules include a clause where a specific percentage of the fund can be used for development? This is already in the rules guiding the premine. Of course we could also split this into two distinct funds, e.g. based on the split to date or some specified percentage. I'm not convinced we'd gain much though. |
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We need your feedback on an idea...
You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.
An idea was put forward today, which may alleviate this:
We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.
The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.
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Who are the teams in this project ? is there any bounty in this project besides social media ?
You will find all links on the original post of this thread including POD. Not sure what you mean by bounty on social media. |
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Is the roadmap updated? Check also the team members if they really exist. Join forums and telegram to know the sentiments of others regarding the project. And remember, never invest what you can't afford to loose.
You will find all links on the original post of this thread. |
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This coin is quite interesting, I will wait for the next announcement, of course with more detailed information, about mining and swimming pool, does this coin hold a bounty or signature campaign? Looking forward to answer and thank you so much!
You'll find this on the opening page :-) |
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Finally, I've been meaning for a while to talk about the premine: To date the premine has been used (a) for rewarding students and (b) for a handful of development projects where we actually needed to provide payments (and couldn't do it as a part of other projects) -- as permitted in the statement of purpose at tutor-web.info. To properly show the allocation of the premine we need to link together a couple of disparate sources of information (data from cold storage, the tutor-web wallet, the tutor-web reward system) and we're almost there -- we're going to try to have this in place by next week (on an open website). So we'll finally have the transparency that this coin needs.
As promised: https://twitter.com/SmileycoinNews/status/991757282127024130 |
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Forgot this... Regarding Education in a Suitcase, I would like to know how Smileycoin and Education in a Suitcase work together, my understanding is that it Smileycoin is the reward for the tutors that help educate the receivers of the tablets provided by Education in a Suitcase?
Right now, SMLY are used to reward students who do well in the tutor-web online educational resource. Education in a Suitcase is a project which donates tablets to students and servers to schools -- the servers run tutor-web (and other things such as Wikipedia, Khan Academy etc etc), for use in classrooms that have no chance of an Internet connection (which includes most of Kenya). Most of the material to date has been either donated or funded by various other projects. EIAS gets a portion of the coinbase (4500 SMLY from every block currently mined). The intent is to get students to provide more material such as math examples, both to increase sustainability and to have a fundamentally different "drilling" mechanisms, something more like an open-ended question as opposed to multiple-choice questions only. This will lead to material development being funded with SMLY, which has not been done before. The premine is used and primarily intended for this (debatable as a premine may be). For the remote areas we've put some SMLY on a SMLY wallet on the servers, but since there is typically no Internet, the wallet can't sync to the blockchain (well, sporadically when the mobile 3G connection works). So this is not yet solved though we have some ideas. To date we've been to really rural areas but we hope to have a better mobile connection for the next location so we can finally test SMLY in a very low-income area. We'll see how that goes. Of course we think the basic idea of providing some minimal income to students in low-income regions is a really, really cool concept, but there are a few things to solve. Finally, I've been meaning for a while to talk about the premine: To date the premine has been used (a) for rewarding students and (b) for a handful of development projects where we actually needed to provide payments (and couldn't do it as a part of other projects) -- as permitted in the statement of purpose at tutor-web.info. To properly show the allocation of the premine we need to link together a couple of disparate sources of information (data from cold storage, the tutor-web wallet, the tutor-web reward system) and we're almost there -- we're going to try to have this in place by next week (on an open website). So we'll finally have the transparency that this coin needs. |
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SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
I don't see a problem with being delisted from c-cex. It isn't really a great place to exchange cryptocurrencies anyway. Better get another one. Right. No need to worry about losing c-cex. The upcoming problem is that we will not have a listing at coinmarketcap... |
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While I remember: In addition to the fora we have an email list where we send out very occasional news (about 1 per year) about the three projects, Education in a Suitcase, tutor-web and Smileycoin. Send an email to educationinasuitcase@gmail.com if you want to be added to the list. |
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SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
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