If it makes you feel better I can buy 1000 Silk to post here.  Would that be ok?

I made strong recommendations to support this coin so if there are concerns I have a duty to make them known.

Whose wallet has SC?
Send 0.1 SC to this address B4pBMP1iJJxAJLTMgvT5nHfHnrJedJLrij
Wait block site updates


http://explorer.silk-coin.com/address/B4pBMP1iJJxAJLTMgvT5nHfHnrJedJLrij

What concerned me was that the dev moved the premine without telling the team.  Even though there was a raging debate on the forums.  If you recall I defended the premine and said up until now I believed they spent it well.  Moving the premine without telling anyone or posting was shady.

Who is this new dev? I never heard of him.  Never seen this new dev ONCE post on the internal dev site.

Block chain will not report the coins that are sold on Mintpal.  The dev needs to prove the coins are not being sold off.  Why move the coins secretly?  Then delay the wallet?  Then have someone else post a note on the forums?  

I am very alarmed.

Team? I suppose you're on the team.

The dev not responding for almost 24 hours now is a bit alarming

What concerned me was that the dev moved the premine without telling the team.  Even though there was a raging debate on the forums.  If you recall I defended the premine and said up until now I believed they spent it well.  Moving the premine without telling anyone or posting was shady.

Who is this new dev? I never heard of him.  Never seen this new dev ONCE post on the internal dev site.

Block chain will not report the coins that are sold on Mintpal.  The dev needs to prove the coins are not being sold off.  Why move the coins secretly?  Then delay the wallet?  Then have someone else post a note on the forums?  

I am very alarmed.

 







Specifications

• Block time: 1 minute
• Maximum POW supply: ~45 million
• Difficulty retarget: every block
• Stake interest: 2% annually
• Min transaction fee: 0.0001 SC
• Fees are paid to miners
• Confirmations: 10, maturity: 350
• Minimum stake age: 12 hours - No max age
• P2P port: 16666, RPC port: 16667

Stages and Proof of Work

• Algorithm: scrypt
• Block reward: 5000 SC in first stage and 2500 in third stage
• First stage POS-POW : block 1 to 10 000 (~5 days & ~30 million coins because of POS blocks)
• Second stage Full POS : block 10 000 to 50 000 (~30 days)
• Third stage POS-POW : block 50 000 to 60 000 (~5 days & ~30 million coins because of POS blocks)
• Third stage POS-POW : block 50 000 to 60 000 (~5 days & ~15 million coins because of POS blocks)

- HARD FORKED to please everyone

• Last stage - Full POS at 2% per year and 12 hours maturity

Exchanges -- Exchanges PLEASE UPDATE YOUR CLIENT AND POST IN THE THREAD TO BE RE-ADDED --

• https://www.cryptsy.com/markets/view/225
• https://www.mintpal.com/market/SC/BTC
• https://poloniex.com/exchange/btc_sc/
• https://www.bittrex.com/Market/Index?MarketName=BTC-SC
• https://www.kingcoiny.com/index.php?page=trade&market=17
• https://www.alcurex.com/
• https://www.rapidcx.com/exchange/silkcoin

Pools -- POOLS PLEASE UPDATE YOUR CLIENT AND POST IN THE THREAD TO BE ADDED --

• http://xhash.net
• https://silk.suprnova.cc
• http://thepool.pw/silk/
• https://ipominer.com/
• https://coinking.io

Pools with payouts in SC

• www.hashco .ws
• Dedicated SC multipool coming for last phase on the community demand

Here is the paper, and the whole theory revolving around silkcoin eco-system.

Now let's talk about this eco-system. We didn't want to unveil it this soon but since we talked a bit about I will tell you a few things. First of all it's in very early stages, so don't get too excited it won't be out before at least 2-3 months.
The whole system works with torrents and the blockchain, Satoshi's greatest invention wasn't the bitcoin currency it was the blockchain. He invented the first way to really decentralize anything, on a freedom point of view there's so much more to be done than a currency.

So here's how it works, once you're connected through your wallet, you will be able to access a local website on your computer at 127.0.0.1:1666, this hub will regoup a lot of different functions all decentralized and based on the blockchain.
And yes this means no censoring and freedom of speech. We're pretty sure we can succeed in time to make all the planned functionalities, but they will be added progressively. I'll detail later what the first integrations will be.
This hub works a bit like a social network, with profiles, friends, post boards etc.. You'll generate a unique user that will be tied to your secret key, if you lose the secret key there's no way to retrieve your account. To interact with someone (make an exchange, send a message etc..) you'll have to be friends with each other, this is a limitation we can do nothing about.
At the moment we think we'll launch social network features and file sharing first since they are already working pretty great on full POS. Exchanger will follow, we're still having a few unresolved issues. And we thought of a marketplace but we're still discussing the implications and we don't think it will be feasible because of a lot of obvious concerns. These are the main primary objectives at the moment, but of course there's plenty of possibilities and ideas who knows how all this will evolve.


Here's a screen of the network status when you open the wallet & connect to the website. You can't do anything until the blockchain is up to date and data downloaded. Then of the profile, most functions you see are already working pretty well. We'll show you a screenshot of the exchanger once it's a bit more advanced, at the moment it's not looking like anything .


Of course we welcome any dev who wants to help us, just contact us with your skills we need all the help we can get. And no, if you copy-pasted a coin you're not a dev .
We'll answer all questions in time, I know there must be a lot of questions arising but look at the size of this post hehe and at first we didn't want to talk about it so soon again, it's still in very early stages but the system we use seems to be working great.

As you can see, if this eco-system comes out it's going to be huge. It's a decentralized censorfree world, you'll be staking, securing the network and winning money while browsing the eco-system. And Silkcoin will be the main currency here, we'd actually be the first to really solve the issue of most cryptos "what to do with my coins other than speculate" and manage to keep a lot of users with the wallet open to secure even more the network.




Services

• Block Explorer  http://explorer.silk-coin.com/
• Accept Silkcoin in your store http://www.altaccept.com/
• Silkcoin infos http://www.cryptocoinrank.com/Silkcoin
• Silkcoin Faucet http://www.cryptoarrow.com/faucets/silkcoin/index.php
• Cryptrader charts http://www.cryptrader.com
• The Doge of Wallstreet ! http://silk.dogeofwallstreet.com/

Stores

• Hausfay Hotel in Greece http://hausfay.com/en
• Stoney B http://www.stoneyb.com/
• BadAss Security Services https://www.badass.sx/

Medias & Press

• http://www.judgecrypto.com/news/the-launch-of-silk-coin-sc
• http://www.cryptoarticles.com/crypto-news/2014/5/10/silkcoin-a-bitcoin-alternative
• http://cryptonews.today/featered-altcoins/silkcoin-to-the-moon-scrypt-pow-pos-coin-with-by-far-the-coolest-looking-wallet
• http://www.cryptoarticles.com/crypto-news/2014/5/22/silkcoin-wallet-update-marketing-push-coming-bittorrent-integration-planned
• https://www.youtube.com/watch?v=qshbUi-xwx4 "Hitler finds out something is missing in his SilkCoin wallet", SilkReich Video Series
• https://www.youtube.com/watch?v=-vUlkM_vnzY "Hitler finds out something is missing in his SilkCoin wallet" episode2, SilkReich Video Series
• http://www.cryptoarticles.com/crypto-news/win-an-oculus-rift-thanks-to-silkcoin-poloniex#
• http://btc-news-bot.tumblr.com/post/87809700971/win-an-oculus-rift-thanks-to-silkcoin-poloniex
• http://coinjoint.info/arent-coins-focusing-wallet-development-innovation/
• http://247cryptonews.com/silkcoin-the-new-road-of-wallet-features/
• http://www.coinssource.com/silkcoin-begins-marketing-second-mining-phase/
• http://www.cryptoarticles.com/crypto-news/silkcoin-added-to-mintpal-brings-200-bitcoin-trading-volume-in-mere-hours
• http://bitbillions.net/2014/06/13/alt-currencies-silk-coin-review-on-the-silk-road-to-success/
• https://www.badass.sx/silkcoin-new-coin-defeat-bitcoin/

FAQ

• No, Silkcoin is not affiliated in any way with silkroad, "silk = the very fine soft lustrous fibre produced by a silkworm to make its cocoon"
• What is Proof Of Stake and how can i mine?
  Proof of stake is another way of mining, which involves holding coins. Coins staying still for more than 12 hours start generating what we call coin age, once it has started you may hit a stake block and win an interest on staked coins. Like in POW, hitting blocks is a bit random so don't be alarmed if you *should* hit a block soon and you don't. You don't have to keep your wallet open to generate coin age but you have to let it open to hit a stake block.
• How compound interest is calculated?
  https://en.wikipedia.org/wiki/Compound_interest#Compound_Interest
• Is the number of coins limited?
  100 million coins will be generated throught POW and POS generation is not limited.
• Why the 4% premine? (supposed to be 2% of 100 million at first but evolved due to Fork & POS blocks)
  We thought about it for a while and decided a premine was mandatory for the success of the coin. First it helps distribution as does the 2 POW phases, a fact that is widely criticized with POS cryptos featuring 1 distribution stage, 50% premine, ipos...
  Then have a look at all the dying 0 premine coins trying in vain to raise community bounties (yes blackcoin is an exception and a amazing coin and we wish all the best for them).
  Our decision is final so please don't complain about it, you are free to go mine another coin, and also free to claim your part of the premine by helping the coin and our community.
  About 1 100 000 SC is left from the premine today 15 june 2014.

 

• When will the built-in block explorer be fully finished?
  Main functions are here so currently it is not in progress. But expect a lot of changes in the new version coming out before the second POW phase.
• How do i keep some money from staking? Why would i do that?
  Just go in settings and set the "reserve balance" field which stands for the amount of money you DON'T want to stake, your money is stuck while it is staking that's why you may want to keep a determined amount available.

Bounties

• 1 000 SC - Write an article about Silkcoin (available before launch also)
• 2 500 SC for any basic service (contact us)
• Contact us for translations bounty depends on how much you translate
• 5 000 for any major service
• 10 000 if you solve the runtime error triggered by the debug console
• 10 000 for first minor exchange
• 30 000 for first major exchange
• 5 000 SC for any pool with SC payout
• Ongoing objective bounties for a Facebook manager
• Ongoing objective bounties for a Reddit manager
• Ongoing objective bounties for all developers
• Contact us with your services we will offer you a bounty

- If wallet crashes, relaunch it happens ONLY on  first launch.

silkcoin.conf

 

Has anyone else had issues with the 1.0.9.2 windows wallet

When I try to run the wallet from silkcoin-qt-1.0.9.2-windows.zip I get this error....  MSVCR110.dll Not Found

My system has the msvcr110.dll file (lowercase naming).

If I rename msvcr110.dll to MSVCR110.dll and drop it in the SC Wallet folder, the Silkcoin Wallet still crashes.

db.log is empty

debug.log has only the following....

I dumped my bag of silk coins a few days ago, i'd be very surprised if the price ever goes back above .000035

Get out now or go down with the sinking ship, i did and i certainly haven't regretted the decision, you can even make your losses up by investing in a real coin with a future.

whenever megaman spams this thread, simply place this here afterwards to remind people why he is doing it (trying to extort money)

http://tinypic.com/view.php?pic=zwyzwh&s=8#.U6XzPrEuI6U

but remember, he's only here to help people!!! he wants to help people soooo much that it only takes 0.5 btc to stop his righteous mission 

Anyway we can start a new Self-Moderated thread and move to there? That way we have a bit more control and can just delete the FUD comments and any replies to the FUD comment that quotes it?