Edited! Thank you very much  

SLM is a good place to stay. Thank you to everybody for the help provided  

There is an interesting ongoing discussion with Graham on Discord.

So I'm editing our announcement with Graham's suggestions:

"Officially announced on May 17th, 2014 and fairly launched 4 days later Slimcoin is one of the few truly decentralized coins around. Whoever wants to join and contribute to its development in any way is welcome. Its Proof-of-Burn (or virtual mining) algorithm, that by the recent estimates provides up to 30% of yearly SLM returns, grants to everybody the possibility to mine coins without any specific hardware and with a minimal computing power employed. It also contributes to a balanced power structure without an almighty elite and to a clean environment for the future generations. The economic model that is behind the Proof-of-Burn mechanism is not within the get-rich-fast logic, but rewards the long-term involvement. So Slimcoin has a potential to shine should the traditional coin’s markets become saturated. Along with a unique mining mechanism, Slimcoin offers the ASICs resistant CPU mining algorithm dcrypt and PoS. The community is active on Discord and Bitcointalk."

I'll try to put hyperlinks on first Proof-of-Burn mention and on the words "Discord" and "Bitcointalk" at the end of the text.
If there is any other suggestion please speak now or forever hold your peace as we are already a bit late with delivery and I'd say it's mandatory to send the announcement this weekend.

I hope there is a possibility to put hyperlinks there. Thank you for your suggestions!

Sounds good too me, edited!

In such case we'd better not mention the PoS profit we have, I think our main goal is to promote PoB, as it's the unique feature of SLM.


I'll publish the final version of announcement in few hours here to see whether I've been able to understand and consider all the suggestions. I think we need to send it to Freiexchange soon.

Update: I've got a very busy day so I was not able to work on the text. If someone has time to summarize what we've said so far that would be great, if not I'll try to put my hands on this during the next 24 hours.

Update 2019-12-13: I've edited our advertising announcement and here is the result I've got:
"Officially announced on May 17th, 2014 and fairly launched 4 days later Slimcoin is one of the few truly decentralized coins around, so whoever can join and contribute to its development and will be accepted as equal by the other contributors on the basis of his abilities and dedication. Its Proof-of-Burn (or virtual mining) algorithm, that by the recent estimates provides up to 30% of yearly SLM returns, grants to everybody the possibility to mine coins without any specific hardware and with a minimal computing power employed. It also contributes to a balanced power structure without an almighty elite and to a clean environment for the future generations. The economic model that is behind the Proof-of-Burn mechanism is not within the get-rich-fast logic, but rewards long-term involvement. So Slimcoin has a potential to shine should the traditional coin’s markets become saturated. Along with a unique mining mechanism, Slimcoin offers the ASICs resistant CPU mining algorithm dcypt and PoS. The community is active on Discord and Bitcointalk."

Please let me know if it's ok or whether there is something to change.

@eddycurrent: I've taken into consideration your suggestion to change "mining" into "minting" in the text but I'm not able to establish where it would be more appropriate.
We have the following expression with the word "mining" in our text: "virtual mining", "the possibility to mine coins", "unique mining mechanism"  and "ASICs resistant CPU mining algorithm dcypt".
The first 3 expressions are about PoB. Is PoB to be considered as minting instead of mining?
The last one is about CPU mining, so I wouldn't change it.

Agreed, the 39% of profit is in SLM as we've calculated a few posts ago together with some member of community.

I'm not sure we should add that it's calculated in SLM as in crypto-world it's always calculated in the currency we are speaking about (and you explained very well why) and also because it's the right thing to avoid deceptive advertising, but in the same time the goal of advertising is to put forth the advantages of the advertised thing. If we make too much remarks, brackets and * than the reader will got distracted and the message won't pass.

However if we decide to add that specification I'm ready to edit the text. Just keep in mind that we've already put some demotivator in our text, so if we go on with demotivators at some point advertising may not make too much sense.  


Thank you very much for your notes.

I'll edit my text in agreement to your thoughts and will be back with the new one, as many improvements were already added.

I'd like to ask: Do we have PoS at 10% or we need to check it?

Thank you for your contribution, edited! 

Agreed, but Rome wasn't built in a day either.

Thank you very much for your comments! Let's wait another day to see whether someone else has anything to add and then I'll send it to Freiexchange with you corrections.

I've wrote this draft of the advertising announcement:

"Officially announced on May 17th, 2014 and fairly launched 4 days later Slimcoin is one of the few truly decentralized coins around, so whoever can join and contribute to its development and will be accepted as equal by the other contributors on the basis of his abilities and dedication. Its Proof-of-Burn (or virtual mining) algorithm, that by the recent estimates provides up to 39% of yearly profit, grants to everybody the possibility to mine coins without any specific hardware and with a minimal computing power employed, saving in this way all the possible hassle to the miners and a clean environment for the future generations. The economic model that is behind Proof-of-Burn mechanism is not within the get-rich-fast trend, so Slimcoin has a potential to shine should the traditional coin’s markets become saturated. Along with the unique mining algorithm Slimcoin offers the ASICs resistant CPU mining algorithm and PoS. The community is active on Discord and Bitcointalk."

Any suggestion?

Yes, but I think we need to advertise PoB above all, because SLM is a pioneer in it and also because the ROI in PoB is much higher than in any PoS coin, including SLM itself.

Here you mean PoB algorithm, right?

For me it's difficult to find an explanation as well, but in my experience the increase of difficulty is a good sign. It sometimes precedes the rebirth of coin.
But is it possibile that someone is trying to perform the 51% attack?
I think it's not because it was just a short spike, wich by the way was just a double of something pretty normal we have had from October 10, 2019 to November 3, 2019.

Important Update 2019-12-08: Freiexchange is offering to us the possibility to advertise SLM this week on their new newsletters channel as a featured coin. We need to provide an image and the text. What concepts would you like to put into?

I agree that there is no increase of price, but there are orders, while before there were not, so before it had no sense mining either.
But of course 7 times more difficulty increase is epic.

I think trading Fiat/BTC is really hard, but the good new is that the long term BTC trend has been always very positive.
For those who believe in BTC it may make more sense a long term hodling than one day struggle.
If not I'd advise you to learn trading on smaller coins where you have often time to think the things over because the big whales are not there.

There are many people curious about crypto out there.
The majority are attracted by the idea they have about crypto that one can make a lot of money with it quickly.
I always advise not to believe mine or everybody else's words about any coin and to make their own research, as usually who speaks about a coin is one who has invested into it, so his opinion is kind of biased.

IDK, could it be that people seeing some serious order available on Freiexchange and seeing the price of BTC going up want to make some money on SLM?

I understand your point.

I would be happy if someone were investing and risking his money for SLM along with me or competing with me on the market, but at the moment I'm almost alone.
Should I stop buying the price may go to 1 sat at sellers side.
So to help SLM recovering I don't have other choice than buying.

But even if the marketmaking is an important component for the coin's success,  it's not all the coin needs to find its niche.
We need advertising, we need discussion, we need ideas, we need people to work on the infrastructure.
But above all we need developers to implement things.
So I'm available to devolve a part of the market share I have to a serious developer that would work on SLM continually with consistent results, if we need him.

I agree that the distribution is quite distorted right now.
The 4M Slim wallet is mine.
I bought 2M privately initially in order to have a reasonable share of the market (in order for me to begin working on SLM and to be involved in the right manner).
Then I published my orders on Freiexchange, the walls to support the price.
But my calculations were wrong, I was not aware people was ready to sell SLM in that quantities.
I'll go on buying everything available till there are no people ready to sell at this prices left thus after that should we be able to create a minimal interest to buy SLM, the price should begin climbing slowly up.
At that point I'll sell the majority of my funds without dumping and, on the opposite, supporting the price so the distribution should become more resonably balanced.
I'm also ready to provide a part of my funds (SLMs) for faucets and bounties should we have someone available to dedicate himself to that part of work.
I'm not staking nor burning SLMs in order to let people with smaller quantities to make profits and to let other people in and to have profits.
I'm sending my funds on the same address, as I don't have anything to hide and I'd like this community to have as much transparency as possible. Everybody can see what I'm doing. But I'm also worried about possible risks of centralization.
And yes I paid the extention of blockexplorer and am going to do it in the future till I'll have funds to do so.
I'm also available to pay advertising for SLM, should the conditions and results be favourable.
So please Graham don't go away. Without you this project can't survive, I guess.

Это конечно так, но все-таки я критикую себя. Если бы я по-настоящему верил в биток все эти годы, а не корчил из себя трейдера, ни фига в трейдинге не понимая, то сейчас бы мог спокойно отдыхать.