Slimcoin | First Proof of Burn currency | Decentralized Web

[gjhiggins]

I assume mining through the wallet is CPU only? The OP says "Another highlight is the DCrypt algorithm, which is one of the most difficult algorithms to implement in an ASIC and suitable for CPU and GPU mining", is there GPU mining yet?

From the Slimcoin white paper:


The Dcrypt algorithm is an algorithm that uses SHA256 internally. What makes this algorithm FPGA/ASIC resistant is they way it was designed.

It is unknown beforehand how many internal SHA256 hashes will be calculated
It is unknown beforehand how much system memory will be required
Large amounts of memory IO is required
Each next step of the Dcrypt algorithm requires the result of the previous step, making parallelization difficult/impossible
The final step of Dctypt is to SHA256 hash a large generated piece of data of variable size


There are references around to a PDF white paper on Dcrypt itself but not even archive.org has a copy :-(

Cheers

Graham

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[dzarmush]

I assume mining through the wallet is CPU only? The OP says "Another highlight is the DCrypt algorithm, which is one of the most difficult algorithms to implement in an ASIC and suitable for CPU and GPU mining", is there GPU mining yet?

Here's PoW mining guide: http://slimco.in/mining-guide/

[dzarmush]

Does Slim have gettxout RPC call?
Can we provide jl777 with equivalent to: {"coin":"LTC", "name":"litecoin", "rpcport":9332, "pubtype":48, "p2shtype":5, "wiftype":176, "txfee":100000 }?
We can make Slim tradable on KMD Barter DEX. I think it would be great.

I'm not sure if my post was just missed or ignored on purpose ) Do you think it'd be good for Slim to be added on KMD BartexDEX? We would need to provide jl777 some info.

https://twitter.com/KomodoPlatform/status/900786549461221376

If we can get it done I think SLim will get a lot of attention from the right people. First of all devs and crypto long timers that gather around jl777. Isn't exactly what Slim needs right now. Not some paid marketing but naturally grow awareness among people who's been around since 2011-2013.

[gavrilo77]

https://bitcointalk.org/index.php?topic=1948108.new#new

[keliokan]

Hi all,

I am trying to get arround an error.
I am using UNOMP to setup a pool. But i have an error with the RPC command:
result:null, error: {code -32700, message: 'parse error"}

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

(i am using the last version of the linux wallet :  SLMv0.5.0-15-g2668a530-alpha)

thanks

Kel.

[muf18]

https://bitcointalk.org/index.php?topic=1948108.new#new

It doesn't make a sense. Everybody there will just shill their own coin or if they have particular interest in it. I say, we should make our own, and we will get recognize, and if not I'll do marketing.

[gjhiggins]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

Cheers

Graham

[dzarmush]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

Cheers

Graham

It means no BarterDEX trading for us?

[gjhiggins]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

[dzarmush]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

What does this quote means regarding KMD BarterDEX that require a coin to have gettxout RPC call?

[muf18]

I suggested for C-CEX, to add Slimcoin to vote process for getting on their exchange.
They accept it - and you can vote for it (with free votes and paid votes via BTC)
https://c-cex.com/?id=vote

[dzarmush]

I suggested for C-CEX, to add Slimcoin to vote process for getting on their exchange.
They accept it - and you can vote for it (with free votes and paid votes via BTC)
https://c-cex.com/?id=vote

7 coins with over 1 btc votes. That's hard to compete.

[gjhiggins]

What does this quote means regarding KMD BarterDEX that require a coin to have gettxout RPC call?

I have no knowledge of KMD BarterDEX, I tried reading their white paper but it made little sense to me. At least I tried.

Slimcoin's JSON-RPC API does not include a gettxout call.

That's the lacuna that ACME addresses.

Cheers

Graham

[Miner2525]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

It means all decentralized exchanges currently use reserves to represent the money being exchanged and is not a true decentralized atomic swap exchange.  I'm guessing BarterDEX clams to be of the latter.

[temple]

Does Slimcoin accept batch RPC command ? Peercoin had the same error before, but i did not find a way to get arround.

Alas no, Slimcoin doesn't accept batch RPC commands.

It means no BarterDEX trading for us?

I wouldn't know. Their text reads like it's been generated by a Markov chain:

“Money should be exchanged freely and safely from person to person, and currently the most practical method for it is a central exchange. Such centralized solution requires the funds to be exchanged into IOU’s that are backed by the service provider. Thus the clients are under a constant risk of their assets being stolen either by an inside theft or an outside hack. In order to remove these risks, a decentralized alternative must be established.”

Cheers

Graham

It means all decentralized exchanges currently use reserves to represent the money being exchanged and is not a true decentralized atomic swap exchange.  I'm guessing BarterDEX clams to be of the latter.

That is true. The nut of a truly decentralized exchange hasn't been cracked yet. It comes with problems, among which are certainly scalability. You can't do high frequency trading because of the required validation (confirmation) time of transactions.

[gjhiggins]

Sterlingcoin is being delisted by Cryptopia and they paid for their listing.

Sterlingcoin is being delisted due to a combination of low connections and the network not being secure. We have had to increase the confirmation requirement for many of our coins to 200 confirmations following an ongoing series of 51% attacks on these less secure networks and unfortunately SLG is among the list.

It is unfeasible to keep this high level of confirmations and as the attacks are ongoing, the resources being spent to protect against this, as well as the support load from users complaining because their deposits are taking too long to confirm is the main reason these coins are now being delisted.

I appreciate you reaching out and offering assistance, however we have no issue with the wallet and it is online and operational for users to withdrawal their coins.

Inverse ordering by "Wallet Status" on https://www.cryptopia.co.nz/CoinInfo/ brings “Delisting” to the top and filtering out those with 0 connections or POW, gives an interesting list of candidates.

Cheers

Graham

[statdude]

I bought some but not sure whether to just hold or do something else with these coins. im trying to hold long term, but unsure of hold long proof of burn lasts to get my coins back.

Burnt coins decay over time, but you have "burn power" with every burnt coin for more than 2 years.

any ideas? do i need to keep the wallet installed on my pc to make burn work, or is it attached to the address i can import anywhere? Link to QA would be helpful.

Burn minting is similar to PoS minting. To find blocks, you must run your wallet on your computer.

A guide is here: http://slimco.in/proof-of-burn-guide/

And here you have an explanation of the process: http://slimco.in/proof-of-burn-eli5/

What is the effective annual interest rate on burned coins?

There is a burn rewards calculator at http://slimcoin.club that can give you a rough estimation. However, there is no fixed "interest rate". The ROI depends on the number of coins burnt by all users together and the number of those that are effectively minting (if there are more, you have less chances to find blocks, and vice versa). If you mint 24/7 and burn a considerable amount of coins (>1000) then you should get back your investment in less than 6 months (last time I minted it needed about 2-3 months, but now are more people minting), and from there on it's all profit.

Do I need to leave the wallet open all the time or just once and a while?

Whats the most current working wallet link?

[d5000]

Do I need to leave the wallet open all the time or just once and a while?

The more time you leave the wallet open, the more chances are you get rewards. You only compete for rewards while your wallet is open. So you get the best ROI if you mint 24/7, but also minting 12 hours a day should be enough to make some profit, but it will take longer.

Whats the most current working wallet link?

Look here: https://github.com/slimcoin-project/Slimcoin/releases/   

Version 0.5 is working well, so you should download this one.

[muf18]

I propose loose roadmap for now, as a 'goals' we should go into, and make happen:

1/ Web2Web and ACME integration - M1
2/ Test network for segwit/porting from nav coin/particl - M2
3/ Android Wallet - M3
4/ Smart contracts integration - test network - M4
5/ LN test network - M5

And then integrate one-by-one. I don't know, about privacy for now, but I think SLM wasn't so meant for it to be, so for now we can pass on these (and integration zcash protocol or others mixing services will be much harder I guess).
If all these would be done till the end of 2018, it would be a huge step for us, and SLM.
Each of these can be thought as a milestone, which brings us closer to what we can call final shape of Slim (?)

Also I think we should change fee system, within Slim ecosystem - I talked about with @d5000 and we agree that it should be changed to bitcoin's "fee should be miners reward", because for now we have inherited Peercoin's "burning fee, as a hedge for inflation"
and I thought about changing minimal fee to 0.001 like in LTC (currently minimal is 0.01), and an easy setting for changing fee with client - because for now we can only set it with some commends I think.

POS consensus is something to think about also. At least % - 10% is a little too much inflationary imo. 2-3% is more suitable I think.
What do you think about such changes ? Would you approve it community?

BTW. - new market opened:
https://novaexchange.com/market/ETH_SLM/

Edit: I almost forgot - merging slimcoin.club and slimco.in into one site, with both domain redirecting to one server, should be also our next goal.
I wrote to @a123 if we can use website code, or how we could merge both websites, but he is semi-active on the forum, so I'm still waiting for response.

[gavrilo77]

I propose loose roadmap for now, as a 'goals' we should go into, and make happen:

1/ Web2Web and ACME integration - M1
2/ Test network for segwit/porting from nav coin/particl - M2
3/ Android Wallet - M3
4/ Smart contracts integration - test network - M4
5/ LN test network - M5

And then integrate one-by-one. I don't know, about privacy for now, but I think SLM wasn't so meant for it to be, so for now we can pass on these (and integration zcash protocol or others mixing services will be much harder I guess).
If all these would be done till the end of 2018, it would be a huge step for us, and SLM.
Each of these can be thought as a milestone, which brings us closer to what we can call final shape of Slim (?)

Also I think we should change fee system, within Slim ecosystem - I talked about with @d5000 and we agree that it should be changed to bitcoin's "fee should be miners reward", because for now we have inherited Peercoin's "burning fee, as a hedge for inflation"
and I thought about changing minimal fee to 0.001 like in LTC (currently minimal is 0.01), and an easy setting for changing fee with client - because for now we can only set it with some commends I think.

POS consensus is something to think about also. At least % - 10% is a little too much inflationary imo. 2-3% is more suitable I think.
What do you think about such changes ? Would you approve it community?

BTW. - new market opened:
https://novaexchange.com/market/ETH_SLM/

Sound good!!!