[OLD THREAD] Silk Network: Silk, DarkSilk and Weaver

[Solero]

Woooow.. The announcement isn't even there and the price has gone crazy, how did that happen and what does that do with the price afterwards. Damn!

[oneoff]

20 minutes.

Will the news be presented here in this post or anywhere else?

[Orestes]

20 minutes.

Will the news be presented here in this post or anywhere else?

You are in the right place

[drizzle2405]

Drumrolllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll lllllll.................

[Orestes]

[nethack]

hhmmm new coin reborn?

[Xtrata]

I seriously dont understand anything I read there. Way too complicated for me to understand the concept of why silk would go toe to toe with DRKSLK.

But that might just be me.

[FogHorn_LegHorn]

Hmmm, not really any news in that. That was the plan for awhile now. I think I will wait for Darksilk as it seems to me it will still be superior to silk. Looking forward to the Darksilk ICO. Until then, have fun with all the PnD going on.

I am sure Polo is glad since they just made a shitload in fees off this. LOL.

[Solero]

Are there any dates known?

[yell4george]

I seriously dont understand anything I read there. Way too complicated for me to understand the concept of why silk would go toe to toe with DRKSLK.

But that might just be me.

So what you’re saying is Silk is the asset that backs darksilk (the currency). A two coin system

I try to find something that relates to me, and since i am a plumber we have something called Thermal Expansion. In the plumbing world, Thermal expansion happens when water is heated, it expands and needs somewhere to go. It takes up more room in the pipe and needs a place to go or it creates un-needed stress/pressure on all pipes and appliance. Its like having high blood pressure. So we install a thermal expansion tank to absorb the times when the water expands.

Correct me if i’m wrong, but it appears that Silk is the “expansion tank” that will keep the price of darksilk in equilibrium. The goal is to create a stable currency, and to do this we’ve implemented a binary coin system to move the flow away (price fluctuations) from darksilk.
water gets heated takes more room more pressure on the tank
market cap rises (more darksilk) more pressure on silk(higher price)

water cools down, market cap decreases
volume water drops volume supply darksilk drops
air in tank increases, silk collateral increases

[Orestes]

I seriously dont understand anything I read there. Way too complicated for me to understand the concept of why silk would go toe to toe with DRKSLK.

But that might just be me.

So what you’re saying is Silk is the asset that backs darksilk (the currency). A two coin system

I try to find something that relates to me, and since i am a plumber we have something called Thermal Expansion. In the plumbing world, Thermal expansion happens when water is heated, it expands and needs somewhere to go. It takes up more room in the pipe and needs a place to go or it creates un-needed stress/pressure on all pipes and appliance. Its like having high blood pressure. So we install a thermal expansion tank to absorb the times when the water expands.

Correct me if i’m wrong, but it appears that Silk is the “expansion tank” that will keep the price of darksilk in equilibrium. The goal is to create a stable currency, and to do this we’ve implemented a binary coin system to move the flow away (price fluctuations) from darksilk.
water gets heated takes more room more pressure on the tank
market cap rises (more darksilk) more pressure on silk(higher price)

water cools down, market cap decreases
volume water drops volume supply darksilk drops
air in tank increases, silk collateral increases

That pretty much sums it up right there
So yes, basicly any excess movement in DarkSilk will be relayed to Silk. Their market capitalisation will tend to reach parity. Although DarkSilk supply will vary much, Silk supply remains more or less constant. In price, DarkSilk will remain more constant, so we can have an actual currency, and Silk price will vary much.

DarkSilk a users currency
Silk an investors asset

So if you want to buy into DarkSilk's success; Buy Silk!
If you want to use DarkSilk as a product; Buy DarkSilk!

[FogHorn_LegHorn]

I seriously dont understand anything I read there. Way too complicated for me to understand the concept of why silk would go toe to toe with DRKSLK.

But that might just be me.

So what you’re saying is Silk is the asset that backs darksilk (the currency). A two coin system

I try to find something that relates to me, and since i am a plumber we have something called Thermal Expansion. In the plumbing world, Thermal expansion happens when water is heated, it expands and needs somewhere to go. It takes up more room in the pipe and needs a place to go or it creates un-needed stress/pressure on all pipes and appliance. Its like having high blood pressure. So we install a thermal expansion tank to absorb the times when the water expands.

Correct me if i’m wrong, but it appears that Silk is the “expansion tank” that will keep the price of darksilk in equilibrium. The goal is to create a stable currency, and to do this we’ve implemented a binary coin system to move the flow away (price fluctuations) from darksilk.
water gets heated takes more room more pressure on the tank
market cap rises (more darksilk) more pressure on silk(higher price)

water cools down, market cap decreases
volume water drops volume supply darksilk drops
air in tank increases, silk collateral increases

That pretty much sums it up right there
So yes, basicly any excess movement in DarkSilk will be relayed to Silk. Their market capitalisation will tend to reach parity. Although DarkSilk supply will very much, Silk supply remains more or less constant. In price, DarkSilk will remain more constant, so we can have an actual currency, and Silk price will vary much.

DarkSilk a users currency
Silk an investors asset

So if you want to buy into DarkSilk's success; Buy Silk!
If you want to use DarkSilk as a product; Buy DarkSilk!

Cool, yes I want the product. Release date for DarkSilk ICO?

[Orestes]

Cool, yes I want the product. Release date for DarkSilk ICO?

This announcement has never been about DarkSilk, but all about Silk and its future. Silk will be intimitely linked to DarkSilk in market cap, inseparable. If you want to check out the product got to github(it's in the OP), compile and log on to testnet

[FogHorn_LegHorn]

Cool, yes I want the product. Release date for DarkSilk ICO?

This announcement has never been about DarkSilk, but all about Silk and its future. Silk will be intimitely linked to DarkSilk in market cap, inseparable. If you want to check out the product got to github(it's in the OP), compile and log on to testnet

will do. thanks.

[BrotherJ]

Will the new Silk wallet be released prior to DarkSilk ICO?

[Orestes]

Will the new Silk wallet be released prior to DarkSilk ICO?

No

ICO will start when we release the new Silk wallet, at the same time.

First we will make known all the details about the ICO, this will happen well in advance.
One month before DarkSilk releases is when we release the new Silk wallet and Weaver, ICO will start at that time.

edit: The thing that needs to sink into peoples mind is that the price potential of Silk is larger than DarkSilk by many factors. People just need to get their head around it

[OrsonJ]

Will the new Silk wallet be released prior to DarkSilk ICO?

No

ICO will start when we release the new Silk wallet, at the same time.

First we will make known all the details about the ICO, this will happen well in advance.
One month before DarkSilk releases is when we release the new Silk wallet and Weaver, ICO will start at that time.

edit: The thing that needs to sink into peoples mind is that the price potential of Silk is larger than DarkSilk by many factors. People just need to get their head around it

Thanks for the update Orestes, that was the main thing that struck me, that the system will effect relative price parity between the SILK & DARK. I really appreciate you and the team making sure that the old Silkcoiners didn't get left behind. I think you're right, judging by the market reaction and some of the reactions in the thread, it seems that part hasn't quite hit home yet. I'm sure it will over time though and as more technical details surface.

[Orestes]

Will the new Silk wallet be released prior to DarkSilk ICO?

No

ICO will start when we release the new Silk wallet, at the same time.

First we will make known all the details about the ICO, this will happen well in advance.
One month before DarkSilk releases is when we release the new Silk wallet and Weaver, ICO will start at that time.

edit: The thing that needs to sink into peoples mind is that the price potential of Silk is larger than DarkSilk by many factors. People just need to get their head around it

Thanks for the update Orestes, that was the main thing that struck me, that the system will effect relative price parity between the SILK & DARK. I really appreciate you and the team making sure that the old Silkcoiners didn't get left behind. I think you're right, judging by the market reaction and some of the reactions in the thread, it seems that part hasn't quite hit home yet. I'm sure it will over time though and as more technical details surface.

The main point is this. For a currency to be succesful you need to have price stability. We will approach this better than any other coin. DarkSilk will have a good and stable price, while Silk can go up and down. But if you want to buy a loaf a bread today or next year or in 10 years the price should remain the same. Now what did a loaf of bread cost in BTC 3 years ago, and now?

[BrotherJ]

Will the new Silk wallet be released prior to DarkSilk ICO?

No

ICO will start when we release the new Silk wallet, at the same time.

First we will make known all the details about the ICO, this will happen well in advance.
One month before DarkSilk releases is when we release the new Silk wallet and Weaver, ICO will start at that time.

edit: The thing that needs to sink into peoples mind is that the price potential of Silk is larger than DarkSilk by many factors. People just need to get their head around it

Thanks for the quick response. I've been holding for a long time and will continue to do so.

[Orestes]

Will the new Silk wallet be released prior to DarkSilk ICO?

No

ICO will start when we release the new Silk wallet, at the same time.

First we will make known all the details about the ICO, this will happen well in advance.
One month before DarkSilk releases is when we release the new Silk wallet and Weaver, ICO will start at that time.

edit: The thing that needs to sink into peoples mind is that the price potential of Silk is larger than DarkSilk by many factors. People just need to get their head around it

Thanks for the quick response. I've been holding for a long time and will continue to do so.

I have a nice stash myself, no worries Silk will be awesome!