So why market so inactive on this coin. not much going on at all. Seeing big spike n now going below when it was added on bittrex. Hoping to see this coin gain some more interest and have a bigger future as not many around like this well theirs a few forks of different coins but meh fork off. Needs more services and sites accepting SOIL more the better.
the markets have been "off" for almost every ETH parallel currency over the last month and a bit. ETH hit its highwater mark on march 13, at $16.06 USD. its down over 50% in 6 weeks to $7.39 USD. EXP, likewise, hit a peak march 25 at $0.95 USD and is also down over 65% to its current $0.28 USD. SHF went from a little over 5 cents USD on March 14 to 1 cent USD presently. our peak occurred alongside EXP on march 25, and since then have lost 65%+ in value. so its not just with SOIL that this precipitous drop, both in valuation and volume, has occurred.
we HAVE flown under the radar a great deal. im not one for big announcements or spinning news and occurrences to falsely attempt to increase our value. take the microsoft azure question as an example. some of the other blockchains that have joined the "blockchain as a service" and "bizspark" programs of microsoft have claimed that this gives them $120,000 towards development costs, which is misleading, even as these press releases seem to be canned articles presented by microsoft. truth of the matter there is that the developers have access to Microsoft software suites and server usage over a one year period that will provide UP TO 120 thousand dollars in CREDITS split between 5 seperate entities involved in the cryptocurrency project. well, perhaps not a malicious untruth, i dont find it to be entirely honest either.... YES, azure would present incredible visibility for SOIL. BUT. the level of pseudonymity that we espouse would disappear for users of SOILcoin on the Azure service.
all we can do is continue to work on further developments. with the release of SOIL-ex last week, we have the ability to create a subcurrency marketplace (more on that later today) and have built a simple bridge to bring purchase of SOIL with BTC directly via p2p thru the blockchain a reality. we are still testing the btc-swap aspect of the exchange, and while things work most of the time, there does seem to be an issue with acknowledgement of confirmations from the BTC blockchain some of the times. id rather have utter stability, so while you can use the btc-swap, id advise doing it with small amounts to begin with.
we are constantly working on further developments, keeping in contact with other currency developers, etc. presently, im working on getting the bitcoin relay to work flawlessly, and then introduce other currencies into the mix. im also talking with the folks from the BOINC distributed computation projects, firstly regarding how to set this up on the EVM, ensuring a fair credit payment system (as a smart contract run token) and working most closely with the folks from climateprediction.net which seems to fit SOILcoin's reason d'etre the closest. (for those of you who arent familiar with BOINC, it is essentially using CPU power to provide power against data model sets solutions, which are rewarded with various "credits". similar projects exist as wholly independent currencies such as CureCoin, FoldingCoin and GridCoin)
i should have an announcement ready by tomorrow regarding our "carbon offset program" which ive alluded to in the posts regarding SOIL-ex. more of an environmentally responsible strategy than anything else. i do continue to look to other exchanges other than bittrex (and now SOIL-ex) to trade ones currency with. im VERY cautious with choosing now, after reading the multitudinous horror stories of failed private online exchanges.
im also working with ensuring that we have a strong and stable IPFS gateway, although id much rather have an on-chain and decentralized data storage solution (a la storj.io) than IPFS. i want to push towards as much decentralized services as possible. it wont be feasible for SOIL to be completely off-grid as it were, the use of oracles and "outside information" will become absolutely essential in the coming year, but as with anonymity for the end user, i want to keep the SOILnet as decentralized as possible to minimize risk.
irregardless of the value of SOIL on the exchanges, i will continue working hard on bringing new developments on-chain, because while we may only have a worth of $0.0125 USD presently, my whole focus is not on the here and now value but on building up towards where we will be in a years time, in two.. or five.. years time, in what services we can offer towards agriculture, renewable energy, environmentalism, computational science..... i keep up to date with technology for the EVM as it is released, as different open source dApps are exposed to world. i have a hundred applications id love to deploy TODAY, but have to content myself with working on two or three at a time. i think we WILL have a big future. and im patient enough to get there on the basis of my work and effort. hopefully, the community will be as patient as well. we have a very slight core dev team, and thus work on developments is quite compartmentalized. my inexperience with programming shows thru some times as it takes me a lot longer to review code and understand WHAT EXACTLY it does, but im getting better.
with my back pain finally easing up (thanks to a $10 TENS machine bought off of ebay... my life is now ruled by micro-electric shock therapy to my lower back) i should be able to get more work done again. these past few weeks, with my daughter down from out west and my back having blown out, have been tough to get ANYTHING done. im still managing close to 6 hours a day on SOIL, as i can. id like to be back up to 12 hours a day again, it felt like i was getting a lot accomplished. what i NEED.... a 72-hour day. too bad we cant code
that into a smart contract.
im also trying to figure out how to install the graphics card my brother sent me so that i can start actually contributing to the mining of SOIL. its top of the line, so he says, but unfortunately my desktop computer ISNT. it doesnt have the risers on the mother board in order to install it directly.... (on board crappy graphics card) so i have to Frankenstein something into an older computer. while im getting better at understanding the software, the hardware gives me conniptions. if anyone has old graphics cards gathering dust somewhere, let me know. id like to build a mining rig, even with older cards. (my electricity bill is included in my rent)
i hope everyone out there is well and healthy. have a wonderful rest of the week. ill try to have my subcurrency article polished off, thats what this afternoon is dedicated to, so hopefully thatll be up by this evening.
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