Is there anything we can do to help?

The market will set the price of drkslk based on demand. All the team is doing is setting a lower limit ($.25) and upper limit ($2.50). Personally, I prefer this method because how many coins are set too high during ico, the devs get the money, bounce, then everybody dumps. The worst thing a company (or coin) can do is be overvalued upon launch because then you have nowhere to go but down. The plan is to give a fair value for the coin based on demand, not a predetermined price.

Awesome! I can't wait to invest and support the project. I see great potential with a solid team and inspirational vision. SilkNet FTW

Lmao^^^

Fellas, we gots ourselves a mexican standoff! Buyers and sellers starin' eachother in the eyes .. your move cowboy

Welcome Good times ahead!

We've given arteleis credit where its due. We've said many times that Art is the reason we're here. Its not our fault he disappeared. He could have an important role but he left. We all wish he'd come back, he was great for the community

Just to be clear, the only time you will be forced to use the Weaver is when we swap SILK for SLK. Once you have your slk you can move it all back to polo and trust them or do whatever you want

Perfect!

Orestes, in your post you say, “As more transactions come through Weaver the more stable the coin will become, and the more pressure would be put on Silk.”

Can you elaborate on this, please? Are you talking about price stability? And what do you mean by “more pressure on silk”?

You also talk about “favoring large orders” on the weaver. Does this mean that if i want to buy say 100btc worth of drkslk i can buy it in on the weaver and get more than i would from a regular exchange? Because, obviously, when you buy that much you drive the price up ..

Orestes didn't mentioned anything about a release, he told us there would be an announcement detailing the future use of Silk.

We all didn't know where silk stood in relation to darksilk. We now know that silk will be very important to the success of darkslk! This is great news for silk investors because we can rest assured that silk is not being overtaken or shadowed by drkslk. They both are important! There will be a symbiotic relationship between the two - they depend on each other to succeed! Darksilk by itself will/could be a great coin but chances are it will end up like every other altcoin with an initial pump and then slowly die, unless we gain user adoption. To gain user adoption we need people to use it. To use it we need the value to be stable. I don't want to sell goods or services for drkslk (or any coin) that changes dramatically in price. To gain real use we need a stable currency.

It's brilliant what silk network is/has developed. A binary coin system that offers a stable currency(drkslk) with amazing features and an asset(slk) that we can invest in!


Yes, this is what i understand as well. It will be interesting to see the math behind it. Can't wait for the whitepaper!

So what you’re saying is Silk is the asset that backs darksilk (the currency). A two coin system

I try to find something that relates to me, and since i am a plumber we have something called Thermal Expansion. In the plumbing world, Thermal expansion happens when water is heated, it expands and needs somewhere to go. It takes up more room in the pipe and needs a place to go or it creates un-needed stress/pressure on all pipes and appliance. Its like having high blood pressure. So we install a thermal expansion tank to absorb the times when the water expands.

Correct me if i’m wrong, but it appears that Silk is the “expansion tank” that will keep the price of darksilk in equilibrium. The goal is to create a stable currency, and to do this we’ve implemented a binary coin system to move the flow away (price fluctuations) from darksilk.
water gets heated takes more room more pressure on the tank
market cap rises (more darksilk) more pressure on silk(higher price)

water cools down, market cap decreases
volume water drops volume supply darksilk drops
air in tank increases, silk collateral increases

Mmm silky silk chomp chomp chomp

Bout to blow here we go!

Yes, we know you're Hanz. C'mon Art we've been friends for too long. I can tell its you, your anarchy ways, your fuck the corporation, your awkward. uses of.. periods. You've dropped little hints throughout your emotional rant. You want us to know its you. I was going to post reference links but it's late and i'm already losing enough sleep because of this. Anybody can go back to previous post by arteleis and tell its the same person. The writing style is the same, the indented paragraphs, periods, tone, etc. Why don't you put your puppet account away and talk like a man. You'd have more respect that way.

And yet you're the reason we're all here. You kept silkcoin alive. Things have grown and evolved since you left. You don't have all the information and you're freaking out because you think your silkcoin is getting hi-jacked. Its not man. The vision, principle and ethics are still here. Yes, things have evolved. It's becoming Physarum polycephalum! You remember the intelligent slime right?




This is what I know: When the community took over the original silkcoin, Arteleis was the first person to step up and take control. He, like many of us, had made large investments in silkcoin and wanted to keep it alive. I remember buying my first silkcoin at 7200sats and I kept filling my bag all the way down. The devs walked out and the community took over. I know from personal conversations with Arteleis that he spent $30-$50K hiring devs and other people to try to keep things alive. He told me he almost lost his house and family because he was spending so much money on the project because he kept getting fucked over by "devs" who would take his money and give empty promises.

Then he found Spencer, an honest and reliable developer. Art paid Spencer a living wage for as long as he could but funds ran out. I've always told Art that if he needed help I would be happy to donate funds to keep things moving forward. His funds ran out and then I started paying Spencer what I could to keep the project moving. I gave Spencer funds so he could eat and pay the other devs what he felt was fair for the work they did. Still to this day I pay the monthly server fees and donate to development when I can. I've loaned other team members money so they could live and focus on the project at hand. We all work together to make this happen. I can't code so I donate other resources. Others do the same.

The Silk Network is going to be something that the crypto community has never seen. The momentum behind this project is strong and grows stronger everyday. The ideas are real. The people behind this are real. The vision will happen and those that are patient will reap the rewards. Time=Money. If we had more money then development would happen faster. But we work with what we've got. And we will survive. We always have and always will.

Thank you!

Truly the quiet before the (sand)storm

I can assure you the launch will happen and it has a very good chance of being the most exciting launch of 2016. And yes, price fluctuation is fun for us traders - just don't get left behind

The first two paragraphs of the op tell you

Hope you feel better soon! Drink some tea