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anehh
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March 19, 2017, 05:59:37 PM |
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I also wonder, when the wallet is not problematic and works well.
Yobit often do things like that, lock a couple of coins can be traded but can not deposit
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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moderneco
Member
 Offline
Activity: 82
Merit: 10
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March 24, 2017, 10:32:06 PM |
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Stats on Shilling: 48369 blocks mined (50/block), difficulty 6.046, network hash 62MH/s On Nova: ranging from approx 16-26 stats (0.00000016 - 0.00000026) current support at 16-18.. price has been pretty stable but with hardly any volume. Future: Dev was pursuing a Shilling ATM to try out in Kenya. I'm interested in connecting with others who would like to use this coin to introduce people in Africa to alt coins. There is a discord channel if you are interested in chatting more with others who are interested in this coin: https://discord.gg/UNvb2Br |
Madbyte Coin | Invested Crypto | madbyte.com
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moderneco
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Activity: 82
Merit: 10
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April 04, 2017, 12:12:44 AM |
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Shilling continues to have a network hash rate about 60MH. Good for the smaller miners to get some coins. In 2017 I'm hoping to introduce the shilling coin to several in East Africa,.. Kenya, Tanzania, Uganda. More miners, investors, and dev helpers.
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Madbyte Coin | Invested Crypto | madbyte.com
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33Bit
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April 10, 2017, 07:45:03 PM |
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Very good.! We have 30 years for mineing  I keep buying |
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R2-D2R2
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April 17, 2017, 04:20:55 AM |
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yavwa plans to come out with a new wallet? More friendly to scans.
You releasing a website for the coin?
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moderneco
Member
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Activity: 82
Merit: 10
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April 17, 2017, 12:09:54 PM |
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There is a website for the coin: http://digitalshilling.org/ |
Madbyte Coin | Invested Crypto | madbyte.com
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yavwa (OP)
Member
Offline
Activity: 188
Merit: 10
Shillingcoin core v1.16.4
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April 27, 2017, 06:34:23 PM |
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Don't know who you are but thanks for the call... I haven't abandoned Shilling though. Just working behind the curtains.
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Am I spamming? Report me!
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PumpMyCoin
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May 01, 2017, 05:13:20 PM |
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Dear Shilling Coin Community, Your Coin Has achieved the 8th place among other 50 Coins with (226 Votes) in our public votes with your great efforts, now its nominated to our official private members Election to choose the next coin to pump after 11 days You can support you coin by participating in our private elections among another 3700 members from here Private Elections https://goo.gl/d6vk2dsincerely PumpMyCoin Team We Pump But Never Dumpwww.PumpMycoin.com |
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moderneco
Member
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Activity: 82
Merit: 10
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May 10, 2017, 10:53:37 PM |
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yavwa: Have you gotten any further on the remittance idea? Would love to see the shilling being used this way in Africa. Do you have a concept that we could work on? I'd would like to test out some ideas sending from North America to East Africa.
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Madbyte Coin | Invested Crypto | madbyte.com
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PeterTheGrape
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May 24, 2017, 05:55:30 PM |
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yavwa: Have you gotten any further on the remittance idea? Would love to see the shilling being used this way in Africa. Do you have a concept that we could work on? I'd would like to test out some ideas sending from North America to East Africa.
Any altcoin can be used for remittances, and many coins focus on that now. But to cater to Africa specifically a coin should have some features that make it more amenable to that area, maybe copy some features from Pascal and Humaniq. Adding biometrics to coins in place of regular private key generation is a rough sell in the West, biblical issues, apocolypsis etc, but in less developed countries it is a short term solution. |
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moderneco
Member
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Activity: 82
Merit: 10
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June 07, 2017, 03:19:14 AM |
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Any altcoin can be used for remittances, and many coins focus on that now. But to cater to Africa specifically a coin should have some features that make it more amenable to that area, maybe copy some features from Pascal and Humaniq. Adding biometrics to coins in place of regular private key generation is a rough sell in the West, biblical issues, apocolypsis etc, but in less developed countries it is a short term solution.
The Dev is located in Africa and that is one of the reasons to use it there. He was attempted to get a few ATMs in Kenya to try out. When it comes to biometrics, I don't think that is ideal till the tech is further along and adoption rate is higher. Mobile phone money such as mpesa used by VodaPhone in Africa is a great example how they have already adopted a form of digital transactions. Now to move it to crypto. Getting some more good mobile wallets would be good... Getting shilling onto Coinomi... For remittances to East Africa.. I use World Remit. Fees are still high.. but lower than Western Union and easy to send from Phone App to mPesa on a cell. How should we setup Digital Shilling to have this happen? |
Madbyte Coin | Invested Crypto | madbyte.com
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33Bit
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June 15, 2017, 11:12:59 PM |
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PeterTheGrape
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June 16, 2017, 01:04:14 AM |
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One big issue with remittances to poorer countries is volatility. On the way up, some people get surprised with a little extra money, but when markets are dropping, if you send a certain amount of fiat, vi crypto, to help pay some bill and the price of that crypto plummets, there will be a problem.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
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yavwa (OP)
Member
Offline
Activity: 188
Merit: 10
Shillingcoin core v1.16.4
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June 16, 2017, 11:55:36 AM |
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One big issue with remittances to poorer countries is volatility. On the way up, some people get surprised with a little extra money, but when markets are dropping, if you send a certain amount of fiat, vi crypto, to help pay some bill and the price of that crypto plummets, there will be a problem.
One possibility might be to use transactions within one coin as a sort of clearinghouse for remittances at a guaranteed rate.
For example Remittance company X, or the dev, or whoever, agree to buy back any currency bought by them, as long as the seller's coins are only two steps from the buyer.
So the Remittance company sells 20 coins to person A, Person A sends them to person B, Person B sends them back to the Remittance company and the Remittance company checks the blockchain and sees those coins were sold for price x, and so is committed to pay price x to Person B.
Some way to compensate for people selling outside the circle when prices rise would have to be figured out.
mmmmmh! quite a good theory and so true mostly the volatility part, people love it when its an up trend but the down trend always puts even major players in the crypto market at a bitter taste. But the introduction of third parties only risk drugging the remittance revolution to its current state. What if we introduce an instance exchange option to willing clients? |
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PeterTheGrape
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June 17, 2017, 02:21:19 AM |
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... But the introduction of third parties only risk drugging the remittance revolution to its current state. What if we introduce an instance exchange option to willing clients?
Instant exchange has to involve both the fiat of the sender's country and the fiat of the receiver's company, and would involve aml laws and registering as a money broker etc. A few big entrepreneurs who were completely honest and above board got attacked by various governments on the grounds of not having created adequate paper when they formed their company. |
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yavwa (OP)
Member
Offline
Activity: 188
Merit: 10
Shillingcoin core v1.16.4
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June 17, 2017, 03:25:12 PM |
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creating an exchange entirely controlled by the people but using Escrow with a reputation and feedback mechanism for regulation.
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PeterTheGrape
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June 18, 2017, 03:45:30 PM |
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creating an exchange entirely controlled by the people...
What do you mean? Sounds a little bit bullshitty... |
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yavwa (OP)
Member
Offline
Activity: 188
Merit: 10
Shillingcoin core v1.16.4
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June 18, 2017, 04:07:16 PM |
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creating an exchange entirely controlled by the people...
What do you mean? Sounds a little bit bullshitty... kinda ofcourse with moderators to observe fair play |
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PeterTheGrape
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June 18, 2017, 04:24:10 PM |
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https://localbitcoins.com/faq
AML and KYC
Anti Money Laundering and Know Your Customer is a group of laws in the United States that require Bitcoin sellers to know who their customers are. Certain sellers will ask for your identification to comply with these laws. Other countries around the world may have similar laws and requirements.
Finland, where localbitcoins is located, is a fairly democratic country https://en.wikipedia.org/wiki/Democracy_Index but localbitcoins would not have lasted long in most countries, and you can expect them to be targeted soon by various larger countries meaning to make a statement about aml laws. If you are physically in Kenya you might try meeting with a government person and offering them a cut of profits in exchange for non interference, but otherwise that kind of exchange would be difficult. For the U.S. side of such a business the payoffs would be much more expensive and have to be funneled through lawyers.
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