Slimcoin | First Proof of Burn currency | Decentralized Web

[Glebonator]

Hello everyone, I can not find a calculator for PoB. Today the rate has fallen dramatically (thank you Nova) and I decided to try this algorithm. But I can not count how much burning will bring me coins.

[ylpkm]

Hello everyone, I can not find a calculator for PoB. Today the rate has fallen dramatically (thank you Nova) and I decided to try this algorithm. But I can not count how much burning will bring me coins.

Basically you will make back what you burned in 6 months and about 2x in 12 months.

[dzarmush]

Heads up ...

Intimation of closure of Novaexchange
Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.
For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

Remaining user balances that has not been withdrawn before 2018-04-01 will be considered a donation and is not refundable.

--
Regards,
NovaExchange support team

Nova Technology Limited Tanzania

Cheers

Graham

Looks like there Slim won't be trading anymore pretty soon. We're gotta find a way to make some other exchange interested in Slim.

[Glebonator]

Hello everyone, I can not find a calculator for PoB. Today the rate has fallen dramatically (thank you Nova) and I decided to try this algorithm. But I can not count how much burning will bring me coins.

Basically you will make back what you burned in 6 months and about 2x in 12 months.

Thank you for your response. The increase in capital by 100% per year is very much. Will it be just now when the low complexity? With more people burning their coins, what will happen?

[ylpkm]

Not too sure as the calc and the site are down. but I had checked it a few times over the course of a few months, and always appeared to say the same. But I really cant say.

[ylpkm]

I think there may be a fork, wallet is about 30 blocks behind and says up to date, vs coininfo at market. and what i sent to the market isnt being seen.
deleted my chain info and resyncing, what do  ya know, my burn coins are back at least for now during resync.

[gjhiggins]

FYI:

http://cryptocoindaddy.com/atomic-swap-successful-komodo-bitcoin-using-electrum-servers/

The hosted electrum servers allow the users to trade crypto without having to download the entire blockchain. BarterDEX uses the electrum servers instead of local coin daemons. In order for the swap to take place, there needs to be an electrum server for that coin. It allows atomic swaps without needing to install coin daemons.

There isn't an electrum wallet for Slimcoin primarily because of the daunting effort involved in the coding of GUI changes to support Slimcoin's unique mint-by-proof-of-burn facility. It might be feasible to create a “burnless” electrum wallet for Slimcoin that is  adequate for BarterDEX porpoises. I will try and assess the feasibility and report back.

Komodo will be hosting Electrum servers for the most common coins. Other crypto coins will have to set up their own server to include their coin on BarterDEX. Any and every coin is free to join the exchange.

Another role for Slimcoin ACME.

Cheers

Graham

Edit: added 2nd quote + note

[keliokan]

Hi All,

Since yesterday, the blockchain seems to be completely out of its mind.
Any idea of what is happening ?!!

K.

[muf18]

I think a lot of people switched off miners and are going off, because of nova closure

[keliokan]

I thought about that but...
The blockchain looks like its just restarted to reach an average of 3mh.s-1
and boot again, rejecting all the blocks previously found.

(It is what is see on my wallet, a lot of non validated blocks).

K.

[hinorizk]

Hi All,

Since yesterday, the blockchain seems to be completely out of its mind.
Any idea of what is happening ?!!

K.

Because this was still in the 'Test' phase so thing like this happens sometime.

[keliokan]

Ok,

Thanks for your answers

K.

[muf18]

I don't know, if blockchain restarted, but I don't see a lot of orphaned/lost blocks.
I've seen normal number of orphaned blocks as usual.
System is coping with a lot of switch off/on miners, and it's boggling a little as we see.
But still it's much more stable than it was year or 2 ago.
@gjhiggins, will probably tell us the cause of this, but I think nothing big happened, really.
I've seen also, that POS blocks were almost absent in blockchain recently.

[scribdsvelte]

Do you have telegram channel?

[Sorai]

I understand trading can continue at Nova until end of February, but Slimcoin needs to look at options. Here are some possibilities:

- CryptoBridge - new dex exchange, just launched, nice interface, not much volume but low join fee for now
- CoinExchange.io - similar to Nova, some volume
- Blocknet DX - free listing, UI launching early as January, but requires OP_CHECKLOCKTIMEVERIFY (BIP 65)
- Komodo Barter Dex - requires some coding to make coin compatible, exchange launch date unknown
- Cryptopia - offering "Nova orphans" 1/2 price to list, but nonetheless expensive
 

[muf18]

Thanks for the alternatives.
I'll look it up, and hope Graham will activate BIP65.
Cryptopia is funny now - a few months ago when I checked their 'list fee' was 400.000 or 800.000DOT. Now with 'special offering for nova' it's only 2.5 milion ... Lol.

[gjhiggins]

@gjhiggins, will probably tell us the cause of this, but I think nothing big happened, really.

https://bchain.info/SLM/blocks

Either a large amount of Slimcoin, previously not staking is now staking or someone has found a staking exploit. If it is the former, a natural event, then it will fade - the algos will ensure that. If it is the latter, an exploit, then it will unnaturally persist. All we can do is wait and see. (Please note, I didn't write the Slimcoin code, I merely wipe an oily rag over it now and again.)

As previously noted, this codebase is still on test. In fact, Bitcoin itself clearly states that it is experimental software. When absorbed in the throes of numerical ecstasy, people can easily lose sight of this overall context.

The arithmetical interdependence of Slimcoin's tripartite pow-pos-pob emissions system militates an inherently more dynamic system which itself is profoundly affected by ad hoc changes in the social consensus in terms of the constantly-varying proportion of users who mine and/or burn and/or stake in constantly-varying proportions of their own Slimcoin holdings.

I'm doubtful that any meaningful predictions can be made.

(I'm trying to find a different way of expressing the above - other than: “You try doing the fucking maths.”)

When push comes to shove, it's best to keep in mind the absolute fundamentals:

Copyright (c) 2013-2017 Slimcoin Developers
Copyright (c) 2011-2016 Peercoin (PPCoin) Developers
Copyright (c) 2009-2012 Bitcoin Developers

Permission is hereby granted, free of charge, to any person obtaining a copy
of this software and associated documentation files (the "Software"), to deal
in the Software without restriction, including without limitation the rights
to use, copy, modify, merge, publish, distribute, sublicense, and/or sell
copies of the Software, and to permit persons to whom the Software is
furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in
all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE
AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER
LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
THE SOFTWARE.

In an ideal world, in which people had more accurate and grounded models of the fundamentals of peer-to-peer networked cryptocurrencies, we'd be here to have a bit of pro-social affability whilst engaged in some rewarding collective intellectual problem-solving in a rather fascinating space of abstract concepts - with an eye to some possibly useful outcomes.

But it's not an ideal world, people have their own individual priorities/constraints and are often obliged to work with inaccurate and un-grounded models and the consequent inaccurate and un-grounded expectations, unfortunately this all too often leads to disappointment and distress. Please bear in mind that, as with all peer-to-peer networked cryptocurrencies, the Slimcoin project is explicitly and avowedly an experimental group venture in cyberspace.

Cheers

Graham

[gjhiggins]

I'll look it up, and hope Graham will activate BIP65.

Oh, it's activated but does it work?

https://github.com/slimcoin-project/Slimcoin/commit/e16d00f21f801dcbd0ce0f6db0afc14183d77306#diff-61d2f29efaa93f8065e546d99b4ab652

specifically, the tests in src/test/TODO/script_valid.json fail so basically BIP65=FAIL. It'll take some time for me to learn and understand why these tests are failing and even more time to work out how to change the code so that they pass.

Cheers

Graham

[muf18]

About staking I rather think it's large part now staking (as it was in the past, there were couple of such rising pos blocks occurences). But why diff has fallen so dramatically, yesterday and today morning, was it only because of miners were switching off and algo have to adjust it?

[gjhiggins]

About staking I rather think it's large part now staking (as it was in the past, there were couple of such rising pos blocks occurences). But why diff has fallen so dramatically, yesterday and today morning, was it only because of miners were switching off and algo have to adjust it?

Presumably, the PoS diff has increased in line with the increased proportion of PoS-generated emissions, perhaps the PoW diff is decreasing in line with the reduced proportion of PoW-generated emissions.

Cheers

Graham