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Devs: don't be shy to use your community if you need to outsource anything.
You can delegate peripheral things that don't really matter in the long run (like the format of the whitepaper for example).
Actually, now that I think about it, there is no reason somebody with the expertise couldn't reformat the paper to their liking.
You guys still have to do all the important stuff, like build the platform so we can play!
Thanks for the release of the whitepaper today and for staying calm and consistent.
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Some people may just be a little bit familiar with scientific publications... and even if this is only a whitepaper... it doesn't meet the scientific standards. Considering the fact that the scientific standard is relatively easy to obtain if one is used to it... the conclusion would be that the devs are not familiar in the scientific world...
I don't know which word processing system the dev used... it looks like Word... brrrrr... standard would be TeX. So I can understand if people panic sell...
Thanks for your impression of the format. Could you comment on the content? Regarding familiarity with convention, do you believe this is important in the world in crypto currencies? White paper is not a scientific document, it originated in government and law and is more commonly used in marketing in current times. Well just look at the indents of the headlines or at the empty lines beneath it... there is no system at all. I believe that trust in the dev is important. This whitepaper looks a little sloppy - that's all what I wanted to say. I did not want to create FUD ... I hope it will be regarded as constructive criticism. Maybe there was time pressure - well nobody cares about that - that's life. Whitepaper is no scientific document that's right... but on the other hand informatics is teached at universities. And I think a high standard would help crypto to gain reputation in general. As it is now I never know if there is a professional being behind a paper or some highschool kids. Although highschool kids may be the most creative people... difficult to judge. Notable exception would be XC. Regarding the content: I'm not competent enough to judge this  I actually completely agree with you. I also feel prefer a professional looking format and attention to detail (spelling etc). I suspect you have academic background and that you are familiar with the difficulties of academic publishing. On the other hand, I don't really want my silkcoin devs to spend their time trying to live up to the expectations of the academic establishment. It seems to me they have a vision and that their talent lies in coding and seeing the possibilities and power of the blockchain. If they can actually find a way to build a social network on the blockchain in a usable format, that would be immense. I suspect there was time pressure. They have been working hard to get everything out as they promised and for me personally it inspires great trust. Even having half a document today is much better than having no document today. On the other hand, I also don't think they need to rush this. The market creates false expectations but what people need to remember is that there are quite a few people playing games with the exchanges. They might feel under pressure to try and keep the price buoyed up with new releases, but the price will follow the invention. If they keep calm and steady and carry on with their plan, Silkcoin will be successful. (Also devs thanks for getting it proofread, as you can see there are harsh critics out there!) |
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Some people may just be a little bit familiar with scientific publications... and even if this is only a whitepaper... it doesn't meet the scientific standards. Considering the fact that the scientific standard is relatively easy to obtain if one is used to it... the conclusion would be that the devs are not familiar in the scientific world...
I don't know which word processing system the dev used... it looks like Word... brrrrr... standard would be TeX. So I can understand if people panic sell...
Thanks for your impression of the format. Could you comment on the content? Regarding familiarity with convention, do you believe this is important in the world in crypto currencies? White paper is not a scientific document, it originated in government and law and is more commonly used in marketing in current times. |
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The proposed model of Crypto-currency will provide an Eco-System with security,
scalability, privacy features and censorship free features. The key of this system is the
registration handled by the blockchain, such P2P networks may already exist but all
via centralized registration and no incentives for users to support the network.
The whole system is based on Bitcoin and P2P, those two networks have proved in
the past to be resistant to attacks. In order to be able to trade on a data-based
system, a reputation algorithm will be enforced stored on the blockchain and pool
voting will be used to solve disputes.
The communication between users is secured and easily encrypted while data is
served almost instantly via the distribute hash table. With such a system, not a lot of
data needs to be included in the blockchain since it is handled by the P2P network.
This opens the door to many different uses, we can decentralize any existing system
(Marketplace, Wikipedia…), but too much data would hurt scalability/memory usage
of the network and go against the main decentralization idea, so the solution to this
would be better to spread services over different currencies.
I find this idea very interesting. Still getting my head around it. I'm hoping people read this so it can be discussed! P.S: devs thanks again for delivery exactly as promised and expected! |
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back on topic and more about improving the crypto experience...  very simple, when you are wanting to clear out your wallet and bring balance to 0, it would be handy for it to auto work out the net amount after fees. (if there is already an automatic way. then do knock some sense into me!)  Couldn't you just send everything minus 0.01 or whatever you set your transaction fee? If you are doing this so that you stake in one go, I am not sure if it really matters. |
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We share the same age more or less. I remember in 2001 I downloaded my first song with Napster: 45 minutes with an old 56K modem! And even if it was really expensive to use Internet at that time I didn't care to leave the client open to share it with someone else. That's the beauty behind eMule too. You give and take in a loop that involves someone who you'll never know anything about! That's sharing. And, maybe I'm too idealist, but that's what I like about this BTC World right now. And I'm conscious that everything has pros and cons. I'm feeling like a Dogecoin supporter right now but it's nice to give something to someone who helped us even if it's over the internet. Of course, my idealistic view is mitigated by the awareness of the trading world. People here just care about prices and gettin' rich as soon as possible. We're living in this enormous experiment called Bitcoin and no one knows where it's going to end. As in the early days of the Internet I want to be here to feel part of it. And then whatever happens it's okay. Coming back on topic I hope that Silkcoin devs will really work hard on the ecosystem because that might be the key to the next altcoin world revolution. So keep on staking and let's grow this community. thanks I see your post that resonates with me and raise you 3 camels and 1 moon.  To the guy above from me. You are right too. |
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Don't make the man important. Actually, I am really greatfull to megaman. Because of him the price is depressed under 4000 sat for a couple of days and I already managed to accumulate over 600k SC now. When we see 10 k in a couple of days, I might reward him. What do you guys think, would 0.5 btc be an appriopriate reward for him when SC reaches 10K?
SC will never exceed 6000 again which is actually lower than where I told you all to sell at. It will almost certainly be under 2000 by this time next week. If the dev sees the writing on the wall and dumps before then it will be even lower. You guys just make up prices while I tell it like it is. I think so too, volume is drying up, only some believers holding on, they will panic sell soon. The premine % is shocking please rethink your investment and don't be the new bagholder here!
Say I am a massive bag holder. Say I mined and bought 3 mil SC. Rhetorically of course.
Now you have so nicely warned me of this "scam" from the goodness of your heart.
So now I will sell.. who should I sell to?
You want other people to buy and become bag holders? That doesn't make sense.
If this is a scam then I guess I will just have to put up with my loss. I shouldn't pass it on to other folk who are poorer than me.
But you suggest I do that. Like a ponzi scheme eh?
That is not very nice of you.
One option is that you are actually the scammer. Either trying to extort money from the dev like our friend MEGAtroll.
Or you are trying to buy up cheap coins. Either way, you are a liar and a fraud.No - by selling you are hurting the dev. The dev still has some premined coins he wants to unload otherwise he'd already be gone. A lot of those buy orders are either from the devs trying to prop the price back up (too late) or from really stupid people that will just lose their money regardless. It's one thing to be holding a bag of coins and holding out hope - it's hard to cut your losses and walk away even if you know it's the right move. It's another level of stupidity entirely when you're actually still out there buying Silkcoins. My primary motivation is for people to stop buying and cut the head off this scam. Buying coins just means you are supporting criminal activity. This eco-system will never amount to shit whitepaper or not. The dev is here for one reason - to string you along long enough to unload all of their premined coins. This guy would much rather start a new scam than try to nurture this one much longer. This isn't his first scam and isn't his last. You seem to miss the point of the person you quoted. For anyone to "sell" someone else needs to "buy". That is how it works. Go read his post again. (I highlighted it for you.) I found it quite entertaining but maybe too complex for you to understand. Especially if your only motivation is FUD. |
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So apart from the name, and the nice wallet (Not taking away from the work thats gone into that). What is different about this coin that will help it last and grow?? Surely its more than a name and wallet??
I'm asking because i'm interested and not just trolling.
Frankly look at Litecoin and ask what it has over other Scrypt clones; it isn't much. SilkCoin is bringing much more than Litecoin. Thats why Litecoin is going down and will die. Bitcoin is here because of first mover advantage. Unless there is something really interesting and useful I won't bet on it. But what is silkcoin bringing??? This still needs to be shown, a fancy wallet will not brother fast amounts of people because they will never look at the wallet. I guess we will find out and get more info in the white paper being released in the next day. |
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But the devs are here, pseudonymously, right? Who are they, and what have they worked on before? I assume this isn't secret.
I prefer a world where you are known by the product you deliver. Names are too susceptible to something I like to call "bullshit baffles brains". Knowing anything about dev apart from what they are delivering is unnecessary information. With the amount of attempted extortion that has happened in this thread so far, I would strongly urge NOT to know the dev identity since all that would do is open them up for character assassination. I'm Soltantgris here. I'm Soltantgris on Twitter. I'm Soltantgris on Skype. I'm Soltantgris on each single board I register (per exemple see www.pokercollectif.com. I'm Soltantgris in MSN. I'm Soltantgris in each game I play(ed). And so on. I assume my "character", I assume each single thing i've done (including a lot of $ transfer, escrow, buying-group, etc). In a "business" like crypto, before to invest a lot of K, in a premine coin, it is just normal that many people want to know the background of those leading the show. It's not an attack, it's just a normal step if we want to succeed big time and shut down those FUDers. First point: Identity will just cause unnecessary distraction from the actual development. It is like describing what a camel ride feels like and who raised the camel and who the camel's parents were when you are trying to convince someone to try and ride a camel. If you want to actually know what the camel ride feels like, just get on the camel and experience it for yourself. Second point: This is not a premine coin. This is not an IPO coin. There were 2 POW phases. At the start, for 15 BTC you could buy more % than the devs fund. |
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But the devs are here, pseudonymously, right? Who are they, and what have they worked on before? I assume this isn't secret.
I prefer a world where you are known by the product you deliver. Names are too susceptible to something I like to call "bullshit baffles brains". Knowing anything about dev apart from what they are delivering is unnecessary information. With the amount of attempted extortion that has happened in this thread so far, I would strongly urge NOT to know the dev identity since all that would do is open them up for character assassination. +1 whole point of cryptoland is kinda being anonymous. I see anonymity as being a nice by-product. For me the fundamental point of cryptographic currency is not the anonymity but the cryptographic principles that allow a no-trust system of cloud ledger which is the blockchain. The cryptography allows us to have a system that enables managing money over the internet in a decentralized fashion. I think people get a bit confused because of the word cryptography. Obviously the whole thing was born in an environment of secrecy and paranoia (which is home to leaders in cryptography) and the creator is anonymous for obvious and good reasons, but we have never had an anonymous money system and bitcoin is not anonymous. Anonymity is needed in a world with hypocrisy and tyranny. If you need anonymity to buy drugs because it is illegal, maybe the laws need to change instead of you having to hide your identity. If the laws are there to protect you then we need to design better drugs or teach people how to protect themselves. If you need anonymity to talk about your government, then your government is tyrannical and needs to be changed, you should not need to hide. If nobody could be anonymous when buying porn or using the internet, everyone would see that they are just doing what everyone else is doing and the taboo and social backlash will evaporate leaving us with a more enlightened, educated and open world. A reason to support anonymity is because hopefully it will enable to free market and democracy to triumph. Unfortunately it also comes with negative side effects. The internet troll problem being an example. |
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But the devs are here, pseudonymously, right? Who are they, and what have they worked on before? I assume this isn't secret.
I prefer a world where you are known by the product you deliver. Names are too susceptible to something I like to call "bullshit baffles brains". Knowing anything about dev apart from what they are delivering is unnecessary information. With the amount of attempted extortion that has happened in this thread so far, I would strongly urge NOT to know the dev identity since all that would do is open them up for character assassination. |
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Some logic for everyone... We are on the eve of the white paper and the verge of more updates to the wallet in the coming days. The price of Silk coin is a concern to everyone who has invested in the coin from the larger whales to the people who throw in their small investment stash. When you buy Silk coin what are you buying? Can you spend it anywhere? At the moment it has no more of that type utility than many other coins. What you are investing on is a belief that the team is going places. Do they have a vision? Have they already delivered on promises? Heck if the coin could be spent everywhere and the eco system was done and marketplace was up the coin would be worth MORE than bitcoin. So if you invest now you are taking a risk. If the risk doesn't pan out you lose your investment. If it pays off what are your possible returns? The typical investor does a risk to reward comparison. To me the reward is potentially quite substantial and having worked with the team the risk is low as I believe in them. No one can tell you there is no risk. There is always risk. But one thing I can tell you having watched crypto for a while is quality does not come often. People who innovate don't come often. Take a look at what the silk coin dev team has done. Are other people copying it? Look at the announcement threads for other coins... you will see them using Silk Coins design. Some people will FUD to bring down a coin to buy it cheaper. Sometimes they are angry because they missed out on an early buy in and are just angry people. Ask yourself do these people really care about you? What are their motivations? I am looking forward to the white paper. But remember, the whitepaper is not the END it is the BEGINNING. We are developing on the of strongest communities in crypto. Combine that with an innovative and talented dev team and this coin has an unlimited future. It may sound cliche to say Silk coin is the next Bitcoin, but it just might be. You have more control over that than you think! Stick together and be strong! Judge Crypto Good post. But for cleaning up any doubt, could you give us the identity and background of those Devs please ? That would be nice who is working on what. Thanks I will happily tell you who the devs are as soon as you can confirm the identity of Satoshi Nakamoto please.  |
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What is the WhitePaper everyone keeps talking about? Something new coming to SC?
Sorry for repeating myself but it is easiest with repeated questions. As I understand it the white paper is just a document that outlines the vision for Silkcoin in detail. It is often used in business as a proposal. Effectively it is a marketing tool. It is famous in crypto world because of Satoshi's use of the white paper to explain Bitcoin. This was needed because it was new and foreign to people. My impression is that most coins now are forced to deliver a "whitepaper" since it has become standard in promotion of a coin. For me the white paper is not that important. What I like to see is active development and the effects of innovation in action. So far the devs here have delivered a new and innovative wallet that keeps getting better. It is obvious that they did not get lucky in doing this, it is because of ability and hence I expect that it will continue. This is how crypto will grow and get to be used by the masses. They have also handled the malice and extortion attempts quite well. Satoshi luckily never had to deal with that kind of nonsense or I am sure Bitcoin would have struggled even more. The community has been great (I'm looking at you Wulf, Judge, Quantum) very positive and managing to stay calm. It shows adults are involved and this makes me happy. All of this means that even if the devs publish a whitepaper that says: 1. plan to make the best wallet and keep it up to date 2. integrate useful features from other working coins I will be all on board the camel. What I expect it will probably say apart from those 2 things is. 3. work on creating an ecosystem accessible through the wallet 4. some integration of a marketplace possibly |
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hahaha the real whale has been spotted. Did you just buy up to 3950 past your own sell orders at 3700?
damn you're a patient sonofabitch. respect
Pm me if you read this
Lol. This has been entertaining market to watch so far. |
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Some logic for everyone... We are on the eve of the white paper and the verge of more updates to the wallet in the coming days. The price of Silk coin is a concern to everyone who has invested in the coin from the larger whales to the people who throw in their small investment stash. When you buy Silk coin what are you buying? Can you spend it anywhere? At the moment it has no more of that type utility than many other coins. What you are investing on is a belief that the team is going places. Do they have a vision? Have they already delivered on promises? Heck if the coin could be spent everywhere and the eco system was done and marketplace was up the coin would be worth MORE than bitcoin. So if you invest now you are taking a risk. If the risk doesn't pan out you lose your investment. If it pays off what are your possible returns? The typical investor does a risk to reward comparison. To me the reward is potentially quite substantial and having worked with the team the risk is low as I believe in them. No one can tell you there is no risk. There is always risk. But one thing I can tell you having watched crypto for a while is quality does not come often. People who innovate don't come often. Take a look at what the silk coin dev team has done. Are other people copying it? Look at the announcement threads for other coins... you will see them using Silk Coins design. Some people will FUD to bring down a coin to buy it cheaper. Sometimes they are angry because they missed out on an early buy in and are just angry people. Ask yourself do these people really care about you? What are their motivations? I am looking forward to the white paper. But remember, the whitepaper is not the END it is the BEGINNING. We are developing on the of strongest communities in crypto. Combine that with an innovative and talented dev team and this coin has an unlimited future. It may sound cliche to say Silk coin is the next Bitcoin, but it just might be. You have more control over that than you think! Stick together and be strong! Judge Crypto Nice post. I agree. To me the white paper is much less important than the actual wallet updates and dev interaction. In life you get people who build and innovate and make things better for everyone. I believe silkcoin devs are in that group. You need the early followers who support and help to get the word out. Thanks Judge. Unfortunately you also have the administrators who you sometimes need but often just cause hurdles. On the worst part of the spectrum, you have the cancer of society, selfish and shortsighted people who can not see the possibilities of working together and think that winning means someone else needs to lose. (We have had a lot of examples of that thanks to fudding in this thread recently, but that will stop in the near future.) Looking forward to the white paper but looking even more forward to the updates coming in the next wallet. And hell... I just like watching the camel amble on. |
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We don't need pump.
We need business accepting SilkCoin. And to get there, it is a looong road. Devs are going a good job from day 1 with the wallet - and we could hope for the so called eco-system to come true, but we still need to developpe the "promo" part of SilkCoin. It's nice to give some SC or hype the coin in the trollbox - but not that nice. We need to create a useful currency and have it accepted if we want a true and permanent pump.
Then now, how do we promote SilkCoin ?
I sent a PM to Silkcoin about it today. We do need to be much more agressive - a nice wallet is not enought to hit 30ksato+, not even close. There is a limit of what devs could do - we now must stop hoping for the best, and start creating it.
I agree: the end goal is for people to use crypto currencies in their daily life. Free open access community participant development programs where the best rises to the top is the process and the progress. I'm attached to bitcoin and silkcoin for various reasons and will do what I can to help it diffuse to local community etc. The long term plan is development of a easy to use and attractive "cool" wallet that will appeal. This so far looks likely to be accomplished by silkcoin devs. Apart from the wallet we need a way to link into different networks, i.e. the ecosystem resembling a "social network" but in effect much more. Then we need people to prefer trading on that system and with Silkcoin. This will likely be because of ease of use and financial incentive. Anonymity has fringe appeal but is not actually essential for this to happen. All of this, each of us and our participation, is all happening quite organically although it does not feel like that from an individual perspective. |
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Whats is this whitepaper thing?
As I understand it the white paper is just a document that outlines the vision for Silkcoin in detail. It is often used in business as a proposal. Effectively it is a marketing tool. It is famous in crypto world because of Satoshi's use of the white paper to explain Bitcoin. This was needed because it was new and foreign to people. My impression is that most coins now are forced to deliver a "whitepaper" since it has become standard in promotion of a coin. For me the white paper is not that important. What I like to see is active development and the effects of innovation in action. So far the devs here have delivered a new and innovative wallet that keeps getting better. It is obvious that they did not get lucky in doing this, it is because of ability and hence I expect that it will continue. This is how crypto will grow and get to be used by the masses. They have also handled the malice and extortion attempts quite well. Satoshi luckily never had to deal with that kind of nonsense or I am sure Bitcoin would have struggled even more. The community has been great (I'm looking at you Wulf, Judge, Quantum) very positive and managing to stay calm. It shows adults are involved and this makes me happy. All of this means that even if the devs publish a whitepaper that says: 1. plan to make the best wallet and keep it up to date 2. integrate useful features from other working coins I will be all on board the camel. What I expect it will probably say apart from those 2 things is. 3. work on creating an ecosystem accessible through the wallet 4. some integration of a marketplace possibly |
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I suspect that there is nobody in their right mind that will take Megaman seriously at this stage.
It is very safe to ignore him.
Hopefully this will result in some action.
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Told him we would not bribe him, he then answered he would FUD even more and bring in 4 of his friends to help him until Silkcoin is down. Here is the screenshot of the blackmail : http://oi60.tinypic.com/zwyzwh.jpg Even if lot's of things are legal down here, blackmail and extorsion are still illegal. Just wanted to say: devs you are making me proud once again. I applaud the way you handled this. |
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