[SBC] [SCRYPT] StableCoin The Story Continues! Join Our Community Coin Project

[tekyboy]

TekyBoy Mining Pool

Pool is up and running, Happy Mining!!!!

stratum+tcp://stratum.tekyboy.tk:16006
wallet address as username
password of your choice (it does not matter what you choose)

port 16006 is vardiff

Promo: Mining fee on SBC pool will remain 1.5% for the whole month Oct 20 - Nov 20

cheers

[1714998006]

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[Commentator]

Maybe convincing Cryptsy to put SBC on the FIAT exchange will help.  It would make SBC buying and selling easier.  Not sure what the requirements Cryptsy has for that.

Also, the time it takes to find a block seems to increase as the hash rate on the SBC network increases.  Whats up with that?  The number of blocks mined should have been well over 1 million by now.

Are you planning to fork the block chain or leave it as is?

[Velvet78]

Maybe convincing Cryptsy to put SBC on the FIAT exchange will help.  It would make SBC buying and selling easier.  Not sure what the requirements Cryptsy has for that.

Also, the time it takes to find a block seems to increase as the hash rate on the SBC network increases.  Whats up with that?  The number of blocks mined should have been well over 1 million by now.

Are you planning to fork the block chain or leave it as is?

Good idea but i think Cryptsy only adds coins to fiat markets if they have a sustained high trading volume and have big communities behind them. Ive been looking at some payment processors but they have pretty much the same requirements.

There was a problem with the mining pool on cryptopia, where most hashing power comes from, so the last few days the chain moved very slow. Problem has been solved and there are 2 more mining pools now so hopefully more miners will show interest. We also have a new faucet https://cryptospout.com/faucet/hourly_stablecoin_faucet.html
https://cryptospout.com/faucet/daily_stablecoin_faucet.html
https://cryptospout.com/deluge/hourly_stablecoin_deluge.html
https://cryptospout.com/deluge/daily_stablecoin_deluge.html

and we're currently working on our community site which should have its own faucet and  explorer, maybe even our own miningpool.

[Commentator]

What process is being used to build a community for this coin?  How can new developers unlock the current code for modifications and updates without causing a fork in the blockchain?

I have been watching the Stablecoin exchange since its inception on Cryptsy, just out of curiosity.  It ceases to amaze me that most trades are for fractions of a US cent.  Whats the point other than to depress the value of SBC?

What venues are being used to advertise SBC?  Also, the coin must have some utility to be useful or it won't be accepted as an investment for future higher value.  The only utility it could be used for that I can visualize is for discrete international fiat transfer.

One trader could buy most of SBC with a few thousand USD.

[danieluk9]

NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO

This piece of shit has nine lives, I swear to god.  It launched, looked promising, dev abandoned it and it looked dead, he miraculously reappeared!  It pumped, it dumped, he disappeared again, the coin died again.  Some time later ANOTHER revival was attempted, but it lead nowhere.

Literally laughing my ass off
Good point though bro
Guys let this poor poor coin die, please

[Commentator]

The sudden rise in value of SBC in 2013 was not a pump.  There was a bot owned by Mt Gox, named Willy, that was buying BTC with enormous amounts of fiat that didn't exist causing Mt Gox's posted value of BTC to skyrocket.  This spilled over into the altcoin market causing an increase in value for most altcoins.

Seems that Artos and his group took action to promote SBC, at that time, with a new website and a wallet update.

[Velvet78]

The sudden rise in value of SBC in 2013 was not a pump.  There was a bot owned by Mt Gox, named Willy, that was buying BTC with enormous amounts of fiat that didn't exist causing Mt Gox's posted value of BTC to skyrocket.  This spilled over into the altcoin market causing an increase in value for most altcoins.

Seems that Artos and his group took action to promote SBC, at that time, with a new website and a wallet update.

hmm lately we see the opposite happening, as soon as BTC goes up, most alts are getting dumped. we're working on a website and hopefully a mobile friendly webwallet

What process is being used to build a community for this coin? I posted in all 3 of the old SBC threads and even sent PM's out to some of the active posters in those threads but nobody besides you seems interested so far. i noticed that translations helped to get some new people involved, especially on cryptopia. maybe some giveaways on irc and twitter could help to get some more awareness
How can new developers unlock the current code for modifications and updates without causing a fork in the blockchain?
like most alts, SBC is opensource, so any coder can clone the github source and modify the code. if you alter the essential code it requires a hard fork, if you make some minor changes, it doesnt. for example, a change to hybrid pow/pos would need a hard fork and mandatory update but adding a blockexplorer or TOR integration would be an optional update
I have been watching the Stablecoin exchange since its inception on Cryptsy, just out of curiosity.  It ceases to amaze me that most trades are for fractions of a US cent.  Whats the point other than to depress the value of SBC?
ive been asking the same question ever since i started trading on cryptsy ...some trades make no sense lol
What venues are being used to advertise SBC?We have a jingle playing 24/7 on bitcointalkradio and some other crypto radio stations, IRC and twitter giveaways coming up
  Also, the coin must have some utility to be useful or it won't be accepted as an investment for future higher value.  The only utility it could be used for that I can visualize is for discrete international fiat transfer.

Very good point, any currency needs to be spendable but that will take some work cause as it is now, even coinwarz wont list SBC because the volume is too low, I saw that SBC was listed on coinpayments.net in the past, would be awesome if we could get it back on there. shapeshift.io looks very interesting too
 

One trader could buy most of SBC with a few thousand USD.

[Commentator]

So, what's the delay in creating a website for wallet downloads?  Is it a coding issue?  Cost?

I have considered providing a website for wallet downloads of version 1.5 for windows but haven't gotten around to it.  Is the zip of the 1.5 version redistributable?

Many are cautious about someone trying to pump the price so they can dump their coins.  Without a website there is no confidence there is an effort being made to continue SBC.

[Velvet78]

So, what's the delay in creating a website for wallet downloads?  Is it a coding issue?  Cost?

I have considered providing a website for wallet downloads of version 1.5 for windows but haven't gotten around to it.  Is the zip of the 1.5 version redistributable?

Many are cautious about someone trying to pump the price so they can dump their coins.  Without a website there is no confidence there is an effort being made to continue SBC.

Sorry for the delay, a friend is working on some new designs for the OP and website, maybe also a new logo for a fresh new start. Would you be interested in writing an article about SBC so i can have it posted on some cryptso news blogs etc?

[Commentator]

Here is a short synopsis.  Edit at will.


Stablecoin

Stablecoin was published in 2013 as a new cryptocurrency as an alternative for the high network difficulties associated with Bitcoin and Litecoin.  Like Litecoin it uses the Scrypt mining algorythm, which means GPU hardware is required to mine Stablecoin.  After an initial release and about six months, the original developers published a website to promote Stablecoin.  The website provided a forum with wallet download links and ran for about a year.  The website was hacked and the forum was under daily attack by a cut and paste poster or bot, that posted lengthy sports articles making the forum useless.

With the high network difficulties associated with Bitcoin and Litecoin, Stablecoin is believed to be an ideal choice for the low budget GPU miner.  This makes Stablecoin a well distributed coin as opposed to the skewed distribution of Bitcoin and Litecoin with some holding most of the coins and many holding a few coins.

Version 1.5 of the Stablecoin wallet is believed to provide the best distribution of coins by increasing the difficulty exponentially based on the network hash rate.  I believe the theory behind this is to make Stablecoin more attractive for low budget mining rigs.  If the Stablecoin network is hit by Scrypt ASICs or large mining pools the difficulty will increase making it very difficult for these miners to find blocks.  This is a unique feature exclusive to Stablecoin.

The original developers have not made an appearance in over two years and many feel Stablecoin has been abandoned.  Recently, new developers have taken charge of development and enhancements of Stablecoin in the hopes of reviving its earlier popularity and increasing interest while maintaining the original state of the core code.

Stablecoin Group

[Velvet78]

Here is a short synopsis.  Edit at will.


Stablecoin

Stablecoin was published in 2013 as a new cryptocurrency as an alternative for the high network difficulties associated with Bitcoin and Litecoin.  Like Litecoin it uses the Scrypt mining algorythm, which means GPU hardware is required to mine Stablecoin.  After an initial release and about six months, the original developers published a website to promote Stablecoin.  The website provided a forum with wallet download links and ran for about a year.  The website was hacked and the forum was under daily attack by a cut and paste poster or bot, that posted lengthy sports articles making the forum useless.

With the high network difficulties associated with Bitcoin and Litecoin, Stablecoin is believed to be an ideal choice for the low budget GPU miner.  This makes Stablecoin a well distributed coin as opposed to the skewed distribution of Bitcoin and Litecoin with some holding most of the coins and many holding a few coins.

Version 1.5 of the Stablecoin wallet is believed to provide the best distribution of coins by increasing the difficulty exponentially based on the network hash rate.  I believe the theory behind this is to make Stablecoin more attractive for low budget mining rigs.  If the Stablecoin network is hit by Scrypt ASICs or large mining pools the difficulty will increase making it very difficult for these miners to find blocks.  This is a unique feature exclusive to Stablecoin.

The original developers have not made an appearance in over two years and many feel Stablecoin has been abandoned.  Recently, new developers have taken charge of development and enhancements of Stablecoin in the hopes of reviving its earlier popularity and increasing interest while maintaining the original state of the core code.

Stablecoin Group

Much appreciated! Very nice Please post your SBC address (or PM it to me) so i can send you some.

[NABiT]

 The Cryptospout Faucet is “Awaiting deposit from stablecoin community” - https://cryptospout.com/faucet/hourly_stablecoin_faucet.html

[Velvet78]

The Cryptospout Faucet is “Awaiting deposit from stablecoin community” - https://cryptospout.com/faucet/hourly_stablecoin_faucet.html

Thanks for letting us know. I sent some SBC to the faucet.

[tekyboy]

guys seem there is no mining interest on my pool; i might have to close it should trend continues

[MilkandPie4U]

Please don't close it yet, I am in the process of getting script rigs set up.

[tekyboy]

Please don't close it yet, I am in the process of getting script rigs set up.

you said and i changed my mind

[Velvet78]

Paolo77 compiled a new linux wallet. i havent tested it so maybe someone can post some feedback.

https://mega.nz/#!9sZAkBaS!-fucJgMuWaLD9_UN0XOE1gtlifj_jSxoDGBPdRKfwbU

https://www.virustotal.com/nl/file/8ea08ca6e77f7005b686b1d2ca49c3bae1f9c65bf79218143893fbfaa808c553/analysis/1447620166/

Please don't close it yet, I am in the process of getting script rigs set up.

cryptopia's SBC pool is back up

[kevin1234a]

this thread just popped up in my radar, wondering topia or teky?   suggestions plz

[Commentator]

Is this coin going anywhere?  Over two years, it has been in a trading range between .00000050 to .00000080 BTC with one spike to .00000400 BTC where it was dumped back to the trading range.

Everytime someone buys driving the price up someone else sells a few coins to drive the price back down.  Is Stablecoin to remain stable in the range of 50 to 80 satoshi?

This is very discouraging to even consider in trading in this coin.  Perhaps there is just not enough trading volume.

[Velvet78]

Is this coin going anywhere?  Over two years, it has been in a trading range between .00000050 to .00000080 BTC with one spike to .00000400 BTC where it was dumped back to the trading range.

Everytime someone buys driving the price up someone else sells a few coins to drive the price back down.  Is Stablecoin to remain stable in the range of 50 to 80 satoshi?

This is very discouraging to even consider in trading in this coin.  Perhaps there is just not enough trading volume.

yes its discouraging but sooner or later the dumpers will run out of coins. there's not alot of volume anymore but actually thats a good sign imho cause the price seemed to have stabilized. mining activity has increased as well... prolly cause the difficulty is quite low atm.

activity and volume on cryptsy has been very low for the last 2 weeks. i still have good faith that they will survive all the issues theyve been having to endure but its always better to be safe than sorry so i would suggest taking some of your alts out of there and keep them in your own wallets.