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Author Topic: Slimcoin | First Proof of Burn currency | Decentralized Web  (Read 136741 times)
spark.bet
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March 11, 2018, 11:17:15 AM
Last edit: March 11, 2018, 11:35:10 AM by spark.bet
 #2061

When I look at the different blocks on the image below, we can see a POS coin, the POB blocks are really in the minority.
For a coin that highlights the POB system, I find it strange.
In addition 10% for pos is really too much for the long term.
10% annual return for the POB with a majority of block and 2% annual return for the POS would be much better in my opinion.

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muf18
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March 11, 2018, 11:30:46 AM
 #2062

When I look at the different blocks on the image below, we can see a POS coin, the POB blocks are really in the minority.
For a coin that highlights the POB system, I find it strange.
In addition 10% for pos is really too much for the long term.
10% annual return for the POB with a majority of block and 2% annual return for the POS would be much better in my opinion.



POS blocks have usually much less rewards than POW and POB blocks.
While POW/POB blocks have 10-12 coins per block, POS has about 0.1-0.5 coins per block, variable on the stake of coins (you can have also big rewards, if you stake one block of eg. 50.000 coins).
I agree than POS should have less % annual return, it's a little bit inflationary right now.
But even tho, burning balances it out inflation.
spark.bet
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March 11, 2018, 11:50:27 AM
 #2063

I would prefer to receive smaller but much more regular POB rewards.
The image below would really give the impression of a POB coin.
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March 11, 2018, 12:28:14 PM
 #2064

If we introduce a new PoS algorythm recalculating rewards, based not on time, but on actual staking, and decrease rewards, and there would be a higher PoW hashrate, than it would be more PoB rewards.
But POB can't be dominating, only it could dominate, if you burn most of the coins from supply, than yes, it could be truth.
But there is only about 15% supply burned for now.

If we burned like 90% coins than I could imagine that it could dominate. But it's impossible.
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March 11, 2018, 08:06:49 PM
 #2065

If we introduce a new PoS algorythm recalculating rewards, based not on time, but on actual staking, and decrease rewards, and there would be a higher PoW hashrate, than it would be more PoB rewards.
But POB can't be dominating, only it could dominate, if you burn most of the coins from supply, than yes, it could be truth.
But there is only about 15% supply burned for now.

If we burned like 90% coins than I could imagine that it could dominate. But it's impossible.

I would agree to have fork without PoS. I have burned 50 % of not small bag. Burned couple of 100k SLM
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March 11, 2018, 08:08:51 PM
 #2066

https://bitcointalk.org/index.php?topic=3106288.0
spark.bet
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March 11, 2018, 08:18:15 PM
 #2067

If we introduce a new PoS algorythm recalculating rewards, based not on time, but on actual staking, and decrease rewards, and there would be a higher PoW hashrate, than it would be more PoB rewards.
But POB can't be dominating, only it could dominate, if you burn most of the coins from supply, than yes, it could be truth.
But there is only about 15% supply burned for now.

If we burned like 90% coins than I could imagine that it could dominate. But it's impossible.

Thanks for the clarifications.

What is the annual return POB for those who leave their wallet open all year round ?
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March 13, 2018, 09:46:17 PM
 #2068

For everybody, who want to sell I propose to buy any amount of Slimcoin at rate 0.01$ up to 500K.
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March 15, 2018, 12:17:08 PM
Last edit: March 15, 2018, 06:46:05 PM by muf18
 #2069

Zaif exchange is contacting me through telegram, if we would to list for 2.5eth...
But it made me wonder, if they aren't some kind of scammers, because it's third time exchanges are contacting me or Kilari through telegram and not community email.
I'll send email to zaif today, to see if they aren't some kind of scammers.

Btw. are we renewing this wallet into new fresh look?
ZuSinus
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March 16, 2018, 08:19:44 PM
Last edit: March 16, 2018, 08:41:41 PM by ZuSinus
 #2070

Hey.
I want to install a wallet on Ubuntu 16.04
Running: make -f makefile.unix
I get an error: /usr/bin/ld: cannot find -lminiupnpc
How can I fix it?


I did it with the help of Google))

Only slimcoind was compiled. Can I compile the GUI?
eddycurrent
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March 16, 2018, 10:56:01 PM
 #2071

Hello Muf18,

Regarding this question:
Btw. are we renewing this wallet into new fresh look?

I have considered doing it, but when I asked a question about it about back in January, I only got one response. If there is further interest from the community I will investigate the best way of doing it.

To answer ZuSinus's question,

Only slimcoind was compiled. Can I compile the GUI?

This can be done using the instructions in doc/readme-qt.rst in the official repository.

Regards
muf18
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March 16, 2018, 11:30:43 PM
 #2072

Hello Muf18,

Regarding this question:
Btw. are we renewing this wallet into new fresh look?

I have considered doing it, but when I asked a question about it about back in January, I only got one response. If there is further interest from the community I will investigate the best way of doing it.

To answer ZuSinus's question,

Only slimcoind was compiled. Can I compile the GUI?

This can be done using the instructions in doc/readme-qt.rst in the official repository.

Regards

I think that redesign to look more fresh is needed as well as maybe to make it faster?
What do you think? Could it be opening and synchronizing, as fast as Peercoin wallet?
d5000
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March 17, 2018, 04:48:22 AM
Last edit: March 17, 2018, 05:34:56 AM by d5000
 #2073

@eddycurrent, you would have my support for a "design refresh". I think these kinds of changes shouldn't impact too much in the "core structure" of the wallet software.

Something I also would like is to add the coin control tools some alternative Bitcoin-based wallets feature, but that is surely a more challenging task (I mean to remember that gjhiggins mentioned there were changes necessary to the original code because of Slimcoin's different block structure).

BTW: Has somebody tested the Slimweb tools I uploaded some weeks ago and made it work with some Torrent hash inscribed in the blockchain? I still struggle with the problem that the gateway (this one) fails to find some test torrents I host on the same server like the RDF blockchain, very likely because of a NAT issue.

The Slimweb tools themselves, however, seem to work fine until now, and didnt't need much maintenance, even on a cheap VPS. (To newbies: The Slimweb tools I mentioned provide a "structured data" version of the blockchain in RDF which can be used as a block explorer and point to torrent hashes of websites, which form a decentralized WWW alternative.)

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casper77
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March 17, 2018, 05:23:38 AM
 #2074

dear community, which kind of CPU is eligible to mine SLIMCOIN in solo mode ?
i have one 4-core and one 8-core AMD CPU's, are they so ?
thanks
muf18
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March 17, 2018, 02:16:36 PM
Last edit: March 17, 2018, 07:55:59 PM by muf18
 #2075

All of cpus are eligible to mine slimcoin.

Btw. I have checked new PPC wallet, and it's very fast, and lightweight we should upgrade to v0.6, as soon, as possible, if it's possible, because, they have optimize it greatly, it seems.
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March 17, 2018, 04:27:48 PM
 #2076

Btw. I have checked new PPC wallet, and it's very fast, and lightweight we should upgrade to v0.6, as soon, as possible, if it's possible, because, they have optimize it greatly, it seems.
I agree - maybe before we make changes to the design we should update to the 0.6 code, because it contains lots of improvements (above all, BIP 65 which would allow us to add SLM to BarterDEX) and is compatible with modern library versions.

It maybe won't be very easy, because of the new code structure, new database version etc.

For those that don't know, gjhiggins already had started to port it:

https://github.com/gjhiggins/slimcoin-0.6

I have not so much time for SLM-related development work in the coming 2-3 weeks, but from April on, I can look if I can help with porting the code.

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muf18
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March 17, 2018, 08:06:40 PM
 #2077

Btw. where is Graham?

I didn't see him for a longer time, also we don't know how is going with ACME, I thought about helping with Kilari, but we don't know what to do for now.
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March 18, 2018, 11:20:06 PM
 #2078

New information from Novaexchange:

"By 2018-04-12 Nova Exchange will be transferred to new ownership and to be able to continue trading we need you to accept the new terms of service, please read carefully: the Nova Exchange new terms of service.
 All you need to do to keep using Nova, right now, and later on, is to log in and approve the updated Terms of Service"

Waiting with interest for now  Smiley

muf18
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March 18, 2018, 11:32:00 PM
 #2079

Yeah, but if they have money and new partner, they should really update this old interface, it was 5 months since closure, adding tradingview charts would help a lot.
And surely would make it more popular.
There is now a lot of competition like not only cryptopia, but kucoin, bibox and others.
Novaexchange will have a hard time to compete with it.
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March 20, 2018, 08:45:26 PM
 #2080

To newbies: The Slimweb tools I mentioned provide a "structured data" version of the blockchain in RDF which can be used as a block explorer and point to torrent hashes of websites, which form a decentralized WWW alternative.


I'm looking forward for a friendly use for beginner.

I've been using slimcoin for 2 months and I find like other people that POS at 10% is too much.
With compound interest, I feel I will earn more in the long run with the POS than burning SLMs.  
With a POS < 5% POB will have more interest.

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