[Slimcoin] Analysis: Proof of Burn & Price

[Slimcoin Community]

In this thread I will conduct an analysis to know if the price has any effect on the "proof of burn" rate.

Proof of Burn, in Slimcoin, is a mechanism that allows participants to "destroy" currency, getting the chance to win block rewards in the future.

This allows the users, in some way, control the supply of the currency and act like a decentralized central bank. You can read more here on the Slimcoin website and in the Slimcoin wiki.

An interesting number in this context is the "burn rate". The more coins people burn, the more coins are subtracted from the total available supply. So if there is a high burn rate, the currency becomes more deflationary.

It is the primary goal of this study to analyze if the price of the token can have any effect on this number. I will analyze the following numbers and its relation to burn rate:

- average price of 1 SLM in BTC
- average price of 1 SLM in USD
- monthly price variation (BTC and USD)

Other possible influences are:

- Proof of Burn block reward.
- social variables like the "sentiment" (optimism or pessimism). These are more difficult to measure and will be added perhaps in the future.

This is a long term study and it won't have really interesting results in the first weeks and months. I will provide at least monthly - sometimes weekly - updates with the four main variables.

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[Slimcoin Community]

Historical data for burn rate between block 1 and block 500000:

Block 1 to 100.000
Time:  May 28, 2014, 11:13 pm (Block 1) - September 19, 2014, 8:31 am (Block 100000)
Rough price data: Cryptocoincharts
High: 0.00449985 BTC (June 1) / Low: 0.00000271 BTC (August 24)
Chart character: bearish (from 0.001+ in early June sharply down to 0.0001-0.0003 in mid-June to mid-July, then another price fall under 0.0001 and in August/September first dips under 0.00001)

00001-10000: 73848.88097200 coins burnt
10001-20000: 47225.97314400
20001-30000: 23407.27578400
30001-40000: 31937.86849800
40001-50000: 14330.77705400
50001-60000: 11782.58413100
60001-70000:  9129.07747800
70001-80000: 52307.86902700
80001-90000: 11092.79000000
90001-100000: 15165.68000000

Block 100.001 to 200.000
Time: September 19, 2014, 8:31 am (Block 100000) - January 2, 2015, 12:30 am (Block 200000)
Rough price data: Cryptocoincharts
High: 0,0001 (October 22) Low: 0,0000033 (December 25)
Chart character: first very bullish (from 0.000005 up to 0.0001), then in mid-October turning bearish, hovering in December sideways about 0,00001 and finally dumping to a new low under 0.000005)

100001-110000: 5456.63000000
110001-120000: 14426.14000000
120001-130000: 83031.13000000
130001-140000: 15256.74000000
140001-150000: 170791.33691700
150001-160000: 8116.86750400
160001-170000: 1413.03000000
170001-180000: 1547.15000000
180001-190000: 974.77000000
190001-200000: 514.10000000

Block 200.001 to 300.000
Time: January 2, 2015, 12:30 am (block 200001) to April 16, 2015, 10:45 pm (block 300000)
Rough price data: Cryptocoincharts
High: Low:
Chart character:

200001-210000: 11191.93920300
210001-220000: 1695.99558000
220001-230000: 2763.63699700
230001-240000: 4407.85000000
240001-250000: 16193.69114700
250001-260000: 11153.59000000
260001-270000: 14362.28119500
270001-280000: 8448.10000000
280001-290000: 4140.13290000
290001-300000: 1109.19000000

Block 300.001 to 400.000
Time: April 16, 2015, 10:45 pm (block 300001) to July 27, 2015, 12:23 pm (block 400000)
Rough price data: Cryptocoincharts
High: Low:
Chart character:

300001-310000: 1338.61000000
310001-320000: 465.00000000
320001-330000: 5885.92000000
330001-340000: 585.39048100
340001-350000: 19053.30900000
350001-360000: 13204.31100000
360001-370000: 5990.00000000
370001-380000: 7763.00000000
380001-390000: 11955.21000000
390001-400000: 7204.09000000


Block 400.001 to 500.000
Time:  July 27, 2015, 12:24 pm (block 400001) to  November 9, 2015, 1:49 pm (block 500000)
Rough price data: Cryptocoincharts
High: Low:
Chart character:

400001-410000: 2600.10000000
410001-420000: 7000.00000000
420001-430000: 8454.99000000
430001-440000: 8920.00000000
440001-450000: 57206.00000000
450001-460000: 10130.00000000
460001-470000: 2526.00000000
470001-480000: 19195.00000000
480001-490000: 26019.51000000
490001-500000: 101741.13000000

[Slimcoin Community]

Historical data for burn rate between block 500000 and block 1000000 (work in progress):

Block 500.001 to 600.000
Time:  
Rough price data: Cryptocoincharts
High: / Low:
Chart character:

500001-510000: 248378.10040900
510001-520000: 8516.00000000
520001-530000: 3376.00000000
530001-540000: 19782.57328000
540001-550000: 15517.00000000
550001-560000: 6899.00000000
560001-570000: 507.00000000
570001-580000: 1000.00000000
580001-590000: 10050.00000000
590001-600000: 121.47000000

Block 600.001 to 700.000
Time:
Rough price data: Cryptocoincharts
High:  Low:
Chart character:

600001-610000: 725.91000000
610001-620000: 10000.00000000
620001-630000: 249.11000000
630001-640000: 0
640001-650000: 10012.74000000
650001-660000: 5791.41000000
660001-670000: 6575.85000000
670001-680000: 10126.61000000
680001-690000: 160.00000000
690001-700000: 100.00000000

Block 700.001 to 800.000
Time:
Rough price data: Cryptocoincharts
High: Low:
Chart character:

700001-710000: 64.00000000
710001-720000: 274.40000000
720001-730000: 33910.00000000
730001-740000: 1350.00000000
740001-750000: 0
750001-760000: 0
760001-770000: 0
770001-780000: 0
780001-790000: 101.00000000
790001-800000: 0

Block 800.001 to 900.000
Time:
Rough price data: Cryptocoincharts
High: Low:
Chart character:

800001-810000: 50816.00000000
810001-820000: 480.00000000
820001-830000: 4000.00000000
830001-840000: 3321.00000000
840001-850000: 1010.00000000
850001-860000: 132.61000000
860001-870000: 4882.88000000
870001-880000: 1223.13000000
880001-890000: 2002.00000000
890001-900000: 115371.41000000


Block 900.001 to 1.000.000
Time:
Rough price data: Cryptocoincharts
High: Low:
Chart character:

900001-910000: 8722.49005900
910001-920000: 4445.81000000
920001-930000: 16490.50000000
930001-940000: 2137.88100000
940001-950000: 38168.11000000
950001-960000: 13998.87494100
960001-970000: 240309.04672000
970001-980000: 9320.91328000
980001-990000: 2003.23000000
990001-1000000: 2063.12000000