Slimcoin | First Proof of Burn currency | Decentralized Web

[gjhiggins]

i just discovered i have only one connection to network despite of much nodes in .conf

Code:

...

could someone give me much less but more usefull ?

Code:

109.92.178.91:56476
51.148.146.204:44720
185.68.67.37:41682
109.10.108.52:51707
145.239.189.106:44988
165.228.111.200:48898
178.94.204.10:18798
185.172.165.244:37056
109.92.178.91:51102
109.92.178.91:51308
109.92.178.91:51334
93.186.253.228:35406
185.79.5.221:56407
178.94.204.10:18269
85.212.171.219:49638
125.160.66.227:15115
178.203.10.89:55784
94.25.171.247:44379
217.65.8.75:5167
183.225.235.45:10847

Cheers

Graham

[dzarmush]

someone went out and sold over 1M on frei

[keliokan]

someone went out and sold over 1M on frei

and at 5 sat...

K.

[gjhiggins]

someone went out and sold over 1M on frei

and at 5 sat...

K.

So where'd they go? The "Sell" list doesn't show anything available at 5 and, according to the Trade History, they don't seem to have been sold. Can someone enlighten me?

Cheers

Graham
 

[keliokan]

someone went out and sold over 1M on frei

and at 5 sat...

K.

So where'd they go? The "Sell" list doesn't show anything available at 5 and, according to the Trade History, they don't seem to have been sold. Can someone enlighten me?

Cheers

Graham
 

2019-11-26 13:27:42   SELL   0.00000006   261689.65104496   0.01570137
2019-11-26 13:27:42   SELL   0.00000005   929070.64018382   0.04645353

A big input of more than 1.1M for this address SSMkGUSQyLxm25SSq3yzAMsLHoHUzr9MsX  less than 1 hour after this big sell
It might be that.

K.

[dzarmush]

Top wallet now has almost 4M Slim, cool.

[gjhiggins]

Top wallet now has almost 4M Slim, cool.

No, not cool. A gross distortion of the distribution. They won't even pay for a block explorer and I'm sick of my support effort being exploited, so I'll be taking a back seat on tech side until the distribution re-balances.

Cheers

Graham

[johnwhitestar]

Top wallet now has almost 4M Slim, cool.

No, not cool. A gross distortion of the distribution. They won't even pay for a block explorer and I'm sick of my support effort being exploited, so I'll be taking a back seat on tech side until the distribution re-balances.

Cheers

Graham

I agree that the distribution is quite distorted right now.
The 4M Slim wallet is mine.
I bought 2M privately initially in order to have a reasonable share of the market (in order for me to begin working on SLM and to be involved in the right manner).
Then I published my orders on Freiexchange, the walls to support the price.
But my calculations were wrong, I was not aware people was ready to sell SLM in that quantities.
I'll go on buying everything available till there are no people ready to sell at this prices left thus after that should we be able to create a minimal interest to buy SLM, the price should begin climbing slowly up.
At that point I'll sell the majority of my funds without dumping and, on the opposite, supporting the price so the distribution should become more resonably balanced.
I'm also ready to provide a part of my funds (SLMs) for faucets and bounties should we have someone available to dedicate himself to that part of work.
I'm not staking nor burning SLMs in order to let people with smaller quantities to make profits and to let other people in and to have profits.
I'm sending my funds on the same address, as I don't have anything to hide and I'd like this community to have as much transparency as possible. Everybody can see what I'm doing. But I'm also worried about possible risks of centralization.
And yes I paid the extention of blockexplorer and am going to do it in the future till I'll have funds to do so.
I'm also available to pay advertising for SLM, should the conditions and results be favourable.
So please Graham don't go away. Without you this project can't survive, I guess.

[dzarmush]

I think it might be the only way for Slim to succeed. The price won't go any higher until there are old holders who dump as soon as the price start going up. I never had any significant sell orders on exchanges and only sold large amount of coins to one person who's here to stay. Hopefully my other coins stop going down so hard one day so I'll be able to invest more in Slim. It's better to have 1 person with 10M coins who never sells than 100 people with 100K coins who dump at 1 sat.

[johnwhitestar]

I would be happy if someone were investing and risking his money for SLM along with me or competing with me on the market, but at the moment I'm almost alone.
Should I stop buying the price may go to 1 sat at sellers side.
So to help SLM recovering I don't have other choice than buying.

But even if the marketmaking is an important component for the coin's success,  it's not all the coin needs to find its niche.
We need advertising, we need discussion, we need ideas, we need people to work on the infrastructure.
But above all we need developers to implement things.
So I'm available to devolve a part of the market share I have to a serious developer that would work on SLM continually with consistent results, if we need him.

[gjhiggins]

The 4M Slim wallet is mine.
...
So please Graham don't go away. Without you this project can't survive, I guess.

Okay, fair enough. You're an active member who's supporting the community. But the extreme distortion will be off-putting to potential new members, it gives a (not entirely inaccurate) impression that the community is rather moribund, else such a degree of distortion wouldn't arise. Phrase it how you like, the assumed ROI is predicated on volunteer technical support and that's a self-defeating tactic, especially in a domain which is crammed with people hustling for an edge and where the contributive ethic runs quite so thinly.

I'll turn 69 next spring and spending so much sedentary time at the keyboard is becoming increasingly damaging to my general heath, so taking a back seat was inevitable and is now timely. I made my first technical contribution to this group back in Jan 2015 (https://github.com/slimcoin-project/Slimcoin/commit/7c453189b87d717a4d0e943c3e283719e0074f0c), this was about 12 months after I arrived on the cryptocurrency scene never having previously written a line of C++. I'm a generalist with a background in psychology and human factors (personal computing and the internet has grown up around me - https://web.archive.org/web/20170517095106/http://www.megalextoria.com/usenet-archive/news067f1/b87/sci/psychology/00000024.html) and five years is about as long as I usually stick around in any domain. Right now, I'm in the last stages of winding up some (self-imposed) community responsibilities and will be drastically reducing my level of engagement in cryptocurrency in general.

The technical side of Slimcoin is in reasonable shape. I've been running the latest client, built from master, for several months without any real issues. From time to time it goes into a staking frenzy and uses up 100% of its thread and the GUI becomes unresponsive but I've found that it returns to about 12-15% of thread use after several hours.

I've taken the development of the code as far as I consider is feasible in terms of stealing code from Peercoin. There aren't any more avenues to explore as far as I can see. There have been various statements about taking the coin up to Peercoin v6 and about upgrading to Bitcoin Core but at this stage of the game, I'll leave that implementation to someone else.

It's better to have 1 person with 10M coins who never sells than 100 people with 100K coins who dump at 1 sat.

I'd argue that's a false dichotomy, neither are appropriate for a peer-to-peer network dependent on voluntary technical support.

Cheers

Graham

[johnwhitestar]

I understand your point.

[casper77]

what is the reason for such difficulty rise ?

[johnwhitestar]

what is the reason for such difficulty rise ?

IDK, could it be that people seeing some serious order available on Freiexchange and seeing the price of BTC going up want to make some money on SLM?

[casper77]

IDK, could it be that people seeing some serious order available on Freiexchange and seeing the price of BTC going up want to make some money on SLM?

at first, here is no price up, rather, vice versa
second, how does this relate to sevenfold increase in difficulty ?

[johnwhitestar]

IDK, could it be that people seeing some serious order available on Freiexchange and seeing the price of BTC going up want to make some money on SLM?

at first, here is no price up, rather, vice versa
second, how does this relate to sevenfold increase in difficulty ?

I agree that there is no increase of price, but there are orders, while before there were not, so before it had no sense mining either.
But of course 7 times more difficulty increase is epic.

[casper77]

maybe someone who buyed top cpu to mine monero on new algo decided to mine SLM
i don’t see another explanation yet
 

[johnwhitestar]

maybe someone who buyed top cpu to mine monero on new algo decided to mine SLM
i don’t see another explanation yet
 

For me it's difficult to find an explanation as well, but in my experience the increase of difficulty is a good sign. It sometimes precedes the rebirth of coin.
But is it possibile that someone is trying to perform the 51% attack?
I think it's not because it was just a short spike, wich by the way was just a double of something pretty normal we have had from October 10, 2019 to November 3, 2019.

Important Update 2019-12-08: Freiexchange is offering to us the possibility to advertise SLM this week on their new newsletters channel as a featured coin. We need to provide an image and the text. What concepts would you like to put into?

[eddycurrent]

Important Update 2019-12-08: Freiexchange is offering to us the possibility to advertise SLM this week on their new newsletters channel as a featured coin. We need to provide an image and the text. What concepts would you like to put into?

Personally, I think two of the key things are the GPU/ASIC resistant algorithm, and the ability to mine on extremely low end hardware like small ARM boards. The second in particular is the main thing that gives SLM an advantage over any other coin.

[johnwhitestar]

....the ability to mine on extremely low end hardware like small ARM boards. The second in particular is the main thing that gives SLM an advantage over any other coin.

Here you mean PoB algorithm, right?