Slimcoin | First Proof of Burn currency | Decentralized Web

[gjhiggins]

This is, like you say, a case of group psychology, but based on economic arguments.

That may be a prevailing view but there's no empirical evidence in support of it, so I'm skeptical and treat it as conjecture.

I find it hard to replace "cryptocurrency" if we must explain something that complicated like "proof of burn".

That's where my marketing and social psychology background gives me a different view, allowing me to respond - “What, like they have to explain the changes in suspension, steering and engine management parameters that lie behind pressing the ‘Sport’ button that you see on many modern cars?” Who says we must explain proof of burn to people who don't want to know?

Cheers

Graham

[1714148222]

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[1714148222]

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[d5000]

This is, like you say, a case of group psychology, but based on economic arguments.

That may be a prevailing view but there's no empirical evidence in support of it, so I'm skeptical and treat it as conjecture.

The thing is that in the Bitcoin community the belief is so widespread that everyone who wanted to change the paradigm "Bitcoin's economic value depends on it's supply that is limited to 21 million coins", would have have a hard time. The paradigm may not have an exact proof but the economic theories to which most "Bitcoiners" adhere support it. This is why I consider it almost impossible for that aspect to be changed - not 100% impossible, but 99%+ ...

I find it hard to replace "cryptocurrency" if we must explain something that complicated like "proof of burn".

That's where my marketing and social psychology background gives me a different view, allowing me to respond - “What, like they have to explain the changes in suspension, steering and engine management parameters that lie behind pressing the ‘Sport’ button that you see on many modern cars?” Who says we must explain proof of burn to people who don't want to know?

Obviously one could market Slimcoin as a simple form of "Internet money", like some try to do with Bitcoin, or as a simple tool for Web2Web publishing. In some cases that would be the way to go, for sure. The problem emerges if we want to describe Slimcoin's advantages versus other competitors. Here, I think, at least a very basic Proof of Burn description would have to be included. And I think there are advantages (as I wrote here), above all the stability-favouring aspect.

[Casimir1904]

the high fees exchanges today charge for a listing (thousands of dollars!)

Tens of thousands.

Cheers

Graham

We're adding Slimcoin to BTCpop as soon its synced.

[gjhiggins]

Tens of thousands.

We're adding Slimcoin to BTCpop as soon its synced.

Point taken.

FWIW: The current “best effort” codebase is in the master branch of the slimcoin-project repos and reservebalance=99999999 is your friend, unless you actually intend to devote hashpower to staking.

But you knew that already, I'd guess.

Cheers

Graham

[aIA]

The problem emerges if we want to describe Slimcoin's advantages versus other competitors. Here, I think, at least a very basic Proof of Burn description would have to be included. And I think there are advantages (as I wrote here), above all the stability-favouring aspect.

I'm agree with that idea. PoB is the differentiating element of this coin. I understand the internal mechanism (more or less), but for any one that doesn't interest that, could be interesting the fact that it's a way to investiment in middle-long term with low CPU power. Is for that I'm so interested in Raspberry or similar device wiht full working Slimcoin daemon or at least syncing and PoB functionalities.

Cheers.

[muf18]

Casimir1904 have problems, with syncing client, he said:

{
    "version" : "SLMv0.5.0-31-g19f070c-alpha",
    "protocolversion" : 60003,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 58389, <- stuck since forever here

Any recommendations to solve it?

[gjhiggins]

Casimir1904 have problems, with syncing client, he said:

{
    "version" : "SLMv0.5.0-31-g19f070c-alpha",
    "protocolversion" : 60003,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 58389, <- stuck since forever here

Any recommendations to solve it?

Flush datadir, retry. Alternatively, decanting the contents of https://minkiz.co/noodlings/slm/slm-datadir-snapshot.zip into datadir might work.

Cheers

Graham

[Cbx.Bet]

You must have your wallet unlocked and running in the background with internet connection, not turned off.



Ok thank you

[TheKingInYellow]

PLEASE, anyone with a large amount of SLM PM me. I want to buy it all. I'll even buy if you have small lots.

[keliokan]

PLEASE, anyone with a large amount of SLM PM me. I want to buy it all. I'll even buy if you have small lots.

Hello

I guess the best option is to support this coin by using the exchange website.

K.

[muf18]

Set buy on novaexchange with your quantity, which you want to buy, it will be sold to you in a one or two weeks I think.
I'm now syncing from 0 blockchain, to see if it has problems with syncing, I had one time to restart, but then I added nodes that I had written here, and it's going faster and didn't stuck from that time.
After 3 hours I'm at ~265000 block, so it's going quite fast, should be synced totally in 10-12 hours.
I recommend to anyone who has problems with syncing from ground 0, and want to sync it that way (instead of downloading blockchain snapshot), to add nodes from OP (original post), it helps tremendously.

[bobitza202]

Any thoughts about listing on other exchanges?Cryptopia listing doesn't come cheap, that's for sure  , maybe coinexchange?

[d5000]

I've looked at Coinexchange, and in their FAQs this is shown under "Coin Removal Policy":

At CoinExchange.io we endeavour to list coins that:

-Have a high community demand.
-Which are innovations in crypto-currency technology.
-That contribution to science, humanity and the environment.

At CoinExchange.io we also believe in letting the free market sort out which coins should thrive and survive, as a result we have a policy of giving a chance to new coins.

We also accept paid listings.

We encourage buyers to do their own research on any new coins that are listed.

I think Slimcoin mets their "requirements" 2 and 3, at least (PoB is in my opinion a contribution to many social science fields like economics, social psychology etc.) - and I think it has also more demand than many of the other coins that are listed there (1).

But there is no "add new coin" link at their website (at least I don't find it) - that may actually a good sign as it could be an indication that their business model does not rely so much on "adding coins fee". It may be worth a try contacting them.

[muf18]

I'm still trying to add us to BTCPOP, I hope casimir, will have his problems with client resolved.
I tried, just to see if there are problems with syncing, and yes process can stuck at some point (random).
Tho I resolved it by adding nodes from main posts (which I collected month ago), and restaring client.
After that it's syncing for 13 hours straight with 2/3 blocks downloaded so far (quite fast I must say, but it was mainly empty blocks).
But it's a promising sign, that network is mature enough to sync from ground 0 without problems.
My run is on Windows, I'll try maybe next time on Linux, but it should be the same (just adding nodes should be main priority, to have successful sync).

Also I have seen that with growing blockchain also client grows in ram, with time (when I first runned in may it was about 415mb usage, now it's 475mb), it's not so huge still, but
maybe worth considering if it's possible to optimize usage of ram, for lower powered devices (arm-like rpi).

[gjhiggins]

Tho I resolved it by adding nodes from main posts (which I collected month ago), and restaring client.

ACME 's response is sluggish, admittedly but the list of nodes is up-to-date: http://tessier.bel-epa.com:5064/main/node/

Also I have seen that with growing blockchain also client grows in ram, with time (when I first runned in may it was about 415mb usage, now it's 475mb), it's not so huge still, but
maybe worth considering if it's possible to optimize usage of ram, for lower powered devices (arm-like rpi).

Your speculation is off-target, your machine's RAM usage has nothing to do with the growing blockchain length, it is related to the growing number of transactions associated with the addresses in the wallet. <- NB

PoS is an alternative means of securing the public ledger. In that respect, it's not dissimilar to PoW (more hashing == more coins) except that more coins == more hashing. On the server, I run 3 clients: 1 bog-standard client, generously funded and  two empty bsd4.8 wallets (mainnet & testnet) to feed the Slimcoin ACME. top reports the empty mainnet wallet as 12440 RES, the funded wallet as 608668 RES.

Cheers

Graham

[pinball_wizard]

Really great idea...read the documents and is really something different from all other coins ( not so easy but more or less I understand ).

want to try...but...where I get the coin?? I can mint also with 0 balance?

[d5000]

want to try...but...where I get the coin??

To buy Slimcoins, visit NovaExchange. The site is easy to use and doesn't require verification. (You can also try to mine if you have a decent CPU)

To get the client, visit Downloads & Installation. As a new user I recommend the 0.5 version that is linked there.

I can mint also with 0 balance?

Only if you previously burnt coins - that means that you must first buy or mine some coins and then "destroy" them (no, there is no completely "free lunch" in this coin). See what Proof of Burn is about.

[muf18]

Tho I resolved it by adding nodes from main posts (which I collected month ago), and restaring client.

ACME 's response is sluggish, admittedly but the list of nodes is up-to-date: http://tessier.bel-epa.com:5064/main/node/

Also I have seen that with growing blockchain also client grows in ram, with time (when I first runned in may it was about 415mb usage, now it's 475mb), it's not so huge still, but
maybe worth considering if it's possible to optimize usage of ram, for lower powered devices (arm-like rpi).

Your speculation is off-target, your machine's RAM usage has nothing to do with the growing blockchain length, it is related to the growing number of transactions associated with the addresses in the wallet. <- NB

PoS is an alternative means of securing the public ledger. In that respect, it's not dissimilar to PoW (more hashing == more coins) except that more coins == more hashing. On the server, I run 3 clients: 1 bog-standard client, generously funded and  two empty bsd4.8 wallets (mainnet & testnet) to feed the Slimcoin ACME. top reports the empty mainnet wallet as 12440 RES, the funded wallet as 608668 RES.

Cheers

Graham

I don't think my spelucation is so off-target, maybe it isn't related to blockchain itself, but it must be related around it, because when first you start Slimcoin client without any blockchain (ground zero), I had 30-45mb usage of ram on my vm. Now it's 480mb, after fully synchronized client. And I didn't import my privkeys, so wallet is empty, without any tx's.

BTW. - casimir will probably set up exchange in this or next week, thanks for help @gjhiggins.
So we will have 2 exchanges.
Unfortunatetly, on nova I have seen that 0.5+BTC was sold today.
Or fortunately, more cheap coins if someone wants now to set-up buy order.

[eddycurrent]

I am new on this forum but have been using this coin for several years now. As I run Arch Linux as my main OS I was keen to fix the error preventing Slimcoin compiling against openSSL1.1. I recently noticed that this error had been fixed on the peercoin codebase on the development branch. I compared Slimcoin's codebase to peercoin's and found that they were so similar that I could modify the appropriate files in Slimcoin so that it could be compiled against openSSL1.1. I have compiled it successfully and I am currently in the process of testing it to ensure that it is still stable and all features still work. Currently it is almost halfway through syncing from zero. If this is successful, this would enable it to be compiled for both Arch Linux and Debian.

Related to this is the release of Slimcoin as an easy to install application on various platforms. If it becomes possible to compile against openSSL1.1 I was contemplating placing Slimcoin on Arch Linux's AUR to enable easier installation and accessibility.

By the way, I am also working on producing precompiled applications for arm based devices, as I would personally use these, again I would place these on the Arch linux AUR.

If you(the Slimcoin developers) would let me know how you would like me to proceed with these fixes and proposals, I would appreciate your feedback.

Regards

[gjhiggins]

I don't think my spelucation is so off-target, maybe it isn't related to blockchain itself, but it must be related around it

The main bitcointalk discussion thread is an inappropriate medium for persistently vague speculations about technical aspects of the performance of the client.

Start here: https://en.wikipedia.org/wiki/Random-access_memory

and raise a github issue including the supporting evidence.

Cheers

Graham