[ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE

[Sprite160]

Maybe I should just make an exchange for SBC to BTC. Or, somebody else can.

[1714252880]

1714252880

[Commentator]

Hello,
Is there any exchange for this coin?
Thanks.

 Yes, from june 2013  https://www.cryptsy.com/markets/view/SBC_BTC

I think their wallet is still in maint mode, so, no deposits atm.

I contacted Cryptsy about the wallet maintenance.  They said they do periodic maintenance of all coin wallets.   SBC has been trading on Cryptsy for sometime with Buys and Sells.  It has dropped in price recently.

There are campers that buy coins at a price they won't deviate from, then sell on short term price increases.  This seems to be keeping the price down.  Also, there is not much volume.  Unless there is some renewed interest in SBC like what occurred in December of 2013, SBC will remain on a slow decline in price.

[ihascryptos]

hello. i am wondering what is up with the cryptsy trading. the wallet has been disabled for over 2 days.

[danieluk9]

I'd like to point out that the wallet has been disabled/maintenance mode from atleast the beginning of march. I've also contacted them

[Commentator]

I'd like to point out that the wallet has been disabled/maintenance mode from atleast the beginning of march. I've also contacted them

Did they provide a reason why the wallet is in maintenance?  Don't see how there would be people buying and selling SBC on the exchange if the wallet is down.

I will try a transfer of SBC to find out if it goes through.

[Commentator]

I'd like to point out that the wallet has been disabled/maintenance mode from atleast the beginning of march. I've also contacted them

Did they provide a reason why the wallet is in maintenance?  Don't see how there would be people buying and selling SBC on the exchange if the wallet is down.

I will try a transfer of SBC to find out if it goes through.

I have come to the understanding that Cryptsy puts wallets in maintenance awaiting a response from developers concerning wallet updates.  If they get no response then they assume the the wallet is not being developed.  The wallet will remain in maintenance until either the developers contact Cryptsy or SBC traders complain about the wallet being offline.

If Artos isn't going to do any further development or someone doesn't take over in development then what's the future for SBC?  Artos must have screwed over alot of people because he just evaporated from the scene.  Its been about a year since anyone has heard from him.

What do you think, will Artos return or has he permanently abandoned Stablecoin?

[Hektur]

hello. i am wondering what is up with the cryptsy trading. the wallet has been disabled for over 2 days.

Two days hell, it's been almost 2 months.

[Vlad2Vlad]

Anybody know what the max supply is for StableCoin?  And also, the subsidy right now (inflation rate).

Would be nice to have these specs in the OP.

Thanks!

[Commentator]

From looking at the code, the max supply is 250 million coins.  Not sure what you mean by inflation rate.

[Vlad2Vlad]

From looking at the code, the max supply is 250 million coins.  Not sure what you mean by inflation rate.

Wow that's a lot.

Why don't the devs do a huge cut like DarkCoin, NAUT and other top coins have done. There's no need for more than around 30 million coins.

Inflation rate is the subsidy, how fast new coins are being minted per day thus inflation the coin.

So let's get the inflation rate cut and also the dilution (the max supply).  That will add massive value once demand picks up.

[Commentator]

The dev(s) disappeared over a year ago.  There has been no development since the release of v1.5 over a year ago.  Maybe another group will takeover development.  I have given development some thought but just don't have time for it.

As far as inflation rate, from the coin specs, it says 1 minute block time but that's not correct.  From SBC's performance it looks like the block time increases as the network hash rate goes up.  Before the dev(s) disappeared it was stated that SBC was made resistant to 51% attack.  They apparently added this feature because someone caused a fork in the block chain back in 2013.

[TrackCoin]

Hot and accessible service for everyone enough daring to get it...

[JustBob]

From SBC's performance it looks like the block time increases as the network hash rate goes up.  Before the dev(s) disappeared it was stated that SBC was made resistant to 51% attack.

I'll take a peek at the code after work tonight, and see what's up with that....if I remember that is 

[devlin85]

I have a pool setup on P2Pools.com

East Coast USA: Sarasota, FL
Server Address: stratum+tcp://mining.p2pools.com:24010
Username: Your_Wallet_Address
Password: anything

p2pool info on my github -> https://github.com/devlin85/p2pool

[Commentator]

The block chain hasn't updated in 5 days and my wallet won't synch.  Has there been a fork in the block chain?

[almightyruler]

The block chain hasn't updated in 5 days and my wallet won't synch.  Has there been a fork in the block chain?

Stalled for me too. Looks like it's been moving slowly even before now, average of barely 1 block per day for the past couple of weeks.

24-Apr-2015 19:06:12 height: 749961  difficulty: 3.93374357  tx: 1
25-Apr-2015 03:19:09 height: 749962  difficulty: 3.93374357  tx: 1
25-Apr-2015 07:21:46 height: 749963  difficulty: 3.93374357  tx: 2
25-Apr-2015 09:35:35 height: 749964  difficulty: 3.93374357  tx: 1
25-Apr-2015 14:14:47 height: 749965  difficulty: 3.93374357  tx: 1
25-Apr-2015 16:56:33 height: 749966  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:55:51 height: 749967  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:58:26 height: 749968  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:59:22 height: 749969  difficulty: 3.93374357  tx: 1
30-Apr-2015 03:01:55 height: 749970  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:18:37 height: 749971  difficulty: 3.5122711  tx: 2
30-Apr-2015 03:45:01 height: 749972  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:48:47 height: 749973  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:13:27 height: 749974  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:16:58 height: 749975  difficulty: 3.5122711  tx: 1
30-Apr-2015 23:24:14 height: 749976  difficulty: 3.5122711  tx: 2
01-May-2015 00:08:38 height: 749977  difficulty: 3.5122711  tx: 1

[Commentator]

The block chain hasn't updated in 5 days and my wallet won't synch.  Has there been a fork in the block chain?

Stalled for me too. Looks like it's been moving slowly even before now, average of barely 1 block per day for the past couple of weeks.

24-Apr-2015 19:06:12 height: 749961  difficulty: 3.93374357  tx: 1
25-Apr-2015 03:19:09 height: 749962  difficulty: 3.93374357  tx: 1
25-Apr-2015 07:21:46 height: 749963  difficulty: 3.93374357  tx: 2
25-Apr-2015 09:35:35 height: 749964  difficulty: 3.93374357  tx: 1
25-Apr-2015 14:14:47 height: 749965  difficulty: 3.93374357  tx: 1
25-Apr-2015 16:56:33 height: 749966  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:55:51 height: 749967  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:58:26 height: 749968  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:59:22 height: 749969  difficulty: 3.93374357  tx: 1
30-Apr-2015 03:01:55 height: 749970  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:18:37 height: 749971  difficulty: 3.5122711  tx: 2
30-Apr-2015 03:45:01 height: 749972  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:48:47 height: 749973  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:13:27 height: 749974  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:16:58 height: 749975  difficulty: 3.5122711  tx: 1
30-Apr-2015 23:24:14 height: 749976  difficulty: 3.5122711  tx: 2
01-May-2015 00:08:38 height: 749977  difficulty: 3.5122711  tx: 1

There have been numerous trades on Cryptsy.  Where are those transactions going?  The block chain I have been monitoring is at http://sbc.blockexplorer.io/chain/Stablecoin

Is that the correct one?

[rudy4682]

The block chain hasn't updated in 5 days and my wallet won't synch.  Has there been a fork in the block chain?

Stalled for me too. Looks like it's been moving slowly even before now, average of barely 1 block per day for the past couple of weeks.

24-Apr-2015 19:06:12 height: 749961  difficulty: 3.93374357  tx: 1
25-Apr-2015 03:19:09 height: 749962  difficulty: 3.93374357  tx: 1
25-Apr-2015 07:21:46 height: 749963  difficulty: 3.93374357  tx: 2
25-Apr-2015 09:35:35 height: 749964  difficulty: 3.93374357  tx: 1
25-Apr-2015 14:14:47 height: 749965  difficulty: 3.93374357  tx: 1
25-Apr-2015 16:56:33 height: 749966  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:55:51 height: 749967  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:58:26 height: 749968  difficulty: 3.93374357  tx: 1
30-Apr-2015 02:59:22 height: 749969  difficulty: 3.93374357  tx: 1
30-Apr-2015 03:01:55 height: 749970  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:18:37 height: 749971  difficulty: 3.5122711  tx: 2
30-Apr-2015 03:45:01 height: 749972  difficulty: 3.5122711  tx: 1
30-Apr-2015 03:48:47 height: 749973  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:13:27 height: 749974  difficulty: 3.5122711  tx: 1
30-Apr-2015 13:16:58 height: 749975  difficulty: 3.5122711  tx: 1
30-Apr-2015 23:24:14 height: 749976  difficulty: 3.5122711  tx: 2
01-May-2015 00:08:38 height: 749977  difficulty: 3.5122711  tx: 1

There have been numerous trades on Cryptsy.  Where are those transactions going?  The block chain I have been monitoring is at http://sbc.blockexplorer.io/chain/Stablecoin

Is that the correct one?

http://sbc.blockexp.info/ is also showing a height of 749977
cryptsy is showing a block height of 588710 and maintenance
https://www.cryptsy.com/pages/status the may have their coin daemon offline

[Commentator]

Looks like 11 new blocks were generated in the last 3 hours.  Strange, it would be great if the devs returned and updated the code.  They are the only ones that can modify the code for the current block chain.

[Commentator]

Since Coinwarz has dropped SBC, maybe the ASIC miners will leave it alone.  They cause the difficulty to stay too high.  So far I have mined 4 blocks in the last 9 hours at 700 khash/sec.  When the difficulty drops some more, I should be getting more blocks.

Cryptsy explained that trades on their system aren't registered on the block chain, only deposits and withdrawals.