[ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS

[kikeda]

Ill be there when POW starts kickin again.

[Wulfcastle]

Damn it, I sold 15K of Silk for cheap about 3 days ago.... hmmm wasn't one of my brightest idea's  

Anyway currently the hype in Cryptoland is for sure Anon; Darkcoin, XC, Vericoin, etc

I do see why they are "gaining"  interest but why invest a lot of "dev's"  effort into something that can be a simple "add-on" to a coin. I mean to say, there are several solutions which all still have issue's and are not flawless, in my opinion all the solution are overdoing it and solving a question that does not really exist (maybe I misunderstand it all). When I want to be Anon, why I don't just create a new wallet address and put my coins there? Who would be able to find out to which wallet address the coins belong, when I have more than 10 addresses nobody can see who I am and how much coins I really have..... or am I not getting it?

This all changes when we  start to use the Eco-system, if I understand that correctly. We will all have a nickname which allows us to simply transfer coins from one and another using our nicknames. So when I borrow money I can simply ask their nickname and transfer to that address instead to the long address that is generated normally. THEN the Anon feature will nice to have, but it should simply be an addition to the wallet. So my family / friends won't be able to find out how much money I have, however why invest so much effort into something that is currently created as an opensource add-on to the protocol?

This is just how I see it, hopefully I am not talking crap here and do have some understanding of it all....?

In my honest opinion, all anonymous currencies now available are just riding on the DarkCoin anonymous hype train. The only reason all these coins have popped up is because of the hype that DarkCoin created when it shot up to a $60M market cap. DarkCoin has one thing going for them, and that's their marketing. Considering the fact that DarkSend is not fully operational at the moment, most if not all their success can be attributed to their marketing. They've managed to create a hype around DarkCoin by marketing their features, such as DarkSend, DrakGravityWave and the X11 algorithm.

DarkSend is a slightly improved decentralized implementation of CoinJoin, DarkGavityWave is just KGW with a fix for the time-exploit. Their only real true innovation is the X11 algorithm.   Source : http://bitcoinist.net/darkcoin-and-darksend-why-you-should-care/


The only reason other coins have succeeded, is becuase traders who missed out on DarkCoin naturally moved to the next best thing, which ended up being XC which has been hyped up, pumped and then dumped. The same thing happened with WhiteCoin after they cloned BlackCoin, and it also goes for SpainCoin which hopped aboard the "country coin" hype train started by Auroracoin.

When a coin has no infrastructure or solid foundation (features, community etc) , if it gets pumped, it will not be able to recover from the inevitable dump. SilkCoin already has a solid foundation in terms of features and community. SilkCoin already has a multitude of features, so when we do add anonymity it will not be our sole feature but merely an extension to all the other features that we currently have. All these anonymous coins, which only have a sole anonymous feature, are purely speculative and have little to no foundation. Since their only feature is anonymity, then to establish infrastructure they need merchant adoption, which due to their anonymous nature, is very hard to accomplish. If I look three months down the line I only see DarkCoin as the remaining "anonymous" coin.

[nzminer]

Im wondering if i should sell all my SC tonight before it drops during POW?
Then i can buy back even more SC at a cheaper rate?

[khuram8494]

should  have been a excellent coin. if it could be  launched with an an not pre
And IF. The first two enthusiast posting in the thread weren't some  appeared newbies with first post in this thread.

[khuram8494]

Wow this is great this seems like the best coin I have ever saw Let's get a fair and good launch to get this coin to the moon! and make it like a sunshine

[nzminer]

Im wondering if i should sell all my SC tonight before it drops during POW?
Then i can buy back even more SC at a cheaper rate?

I just sold a tiny fraction of my holdings @ 3000 satoshi. It pushed to 3400 at bittrex so am already down lol.

I'll just set it aside for the POW, might be able to pick up few thousand more.

Well it was this price at the start of the first POI stage, and i could have cashed out and more than doubled my stake when it dropped (i have about 260K)
It has been possible to make $600 each day if i bought and sold with the dips, but yeah, its a big risk, because its always so unpredictable.

Im just lucky i got into this coin at the right time (they were less than .03 of a cent each!), but in all fairness, if i missed out, at least the second POW stage gives you another opportunity, so i only think its fair that the price does drop as a result during this time.

[Wulfcastle]

Im wondering if i should sell all my SC tonight before it drops during POW?
Then i can buy back even more SC at a cheaper rate?

It's a logical thought. I'm not personally gonna risk it, but it does make sense. I think the dumps are gonna be more from people doing what you're thinking rather than miners. 15 mil over 7 days with the popularity this thing is getting... mining dumps might be a lot less severe than people think.

The main reason why multipool dumping was severe in the first PoW phase was due to the fact that SilkCoin was virtually unknown. Therefore multipools managed to take advantage and seize control over a large portion of the coins which the then dumped onto the market (creating a good distribution of coins). For the first 2 days of the PoW phase there was over 140 BTC worth of buy support, which kept to price level at 2500-3000 Satoshis, before buy support exhausted and the multipools started dumping.

Our community has grown probably 10x as big during the current PoS phase. This means more miners, a bigger hash-rate and a result fewer coins going to multipools for them to dump. In my opinion, and I'm sure many here will agree with me, multipool dumping is factored into the current price. This means that if the multipool dumping is not as bad as people thought it would be, then we will see the price rise dramatically as more people buy into the market.

Another thing to remember is that not everyone is mining to dump their coins, some miners will look to hold their coins.

[onecent]

Im wondering if i should sell all my SC tonight before it drops during POW?
Then i can buy back even more SC at a cheaper rate?

It's a logical thought. I'm not personally gonna risk it, but it does make sense. I think the dumps are gonna be more from people doing what you're thinking rather than miners. 15 mil over 7 days with the popularity this thing is getting... mining dumps might be a lot less severe than people think.

The main reason why multipool dumping was severe in the first PoW phase was due to the fact that SilkCoin was virtually unknown. Therefore multipools managed to take advantage and seize control over a large portion of the coins which the then dumped onto the market (creating a good distribution of coins). For the first 2 days of the PoW phase there was over 140 BTC worth of buy support, which kept to price level at 2500-3000 Satoshis, before buy support exhausted and the multipools started dumping.

Our community has grown probably 10x as big during the current PoS phase. This means more miners, a bigger hash-rate and a result fewer coins going to multipools for them to dump. In my opinion, and I'm sure many here will agree with me, multipool dumping is factored into the current price. This means that if the multipool dumping is not as bad as people thought it would be, then we will see the price rise dramatically as more people buy into the market.

Another thing to remember is that not everyone is mining to dump their coins, some miners will look to hold their coins.

yeah that's right, I'm going to mine SC with my 28M miner, and I will hold mybags

[gorillajam]

YOU KNOW THIS IS A SCAM RIGHT?

[Wulfcastle]

Everyone when you have a chance, take a look at our new introductory video into SilkCoin

Introducing Operation Shock & Awe



What is Operation Shock & Awe?

Operation Shock & Awe is the internal name for a social initiative spearheaded through a series of giveaways from various outlets. The aim of operation shock and awe is to do a blitz of SilkCoin and get as many people as possible to hear about SilkCoin, download our wallet, learn about our features and in the process get listed on further exchanges.


How will Operation Shock & Awe work?

Operation Shock & Awe is a 2-part initiative.

Part 1, which is currently underway and will continue all the way through to the 2nd PoW phase, will be used to spread the word around about SilkCoin and in turn get listed on MintPal. This will provide us some stability and foundation going through to the 2nd PoW phase.

Part 2, which will collerate with the start of the 2nd Pow phase, will be a full on social media blitz to get as many people as possible to hear about SilkCoin. We already have some big crypto names in social media lined up ready for part 2. The names of these social media accounts will be anounced at the start of part 2.

Who are the current participants on Part 1?

All Crypto All Day
CryptoSandwich

Between the 2 above Twitter accounts, they have a following of over 36 000 people. SilkCoin will be tweeted about daily to each of these 36 000 followers.

CryptoSandwich is in charge of our MintPal voting campaign that can be found here : http://bitcoingarden.tk/forum/index.php?topic=541.0

Each voter will receive 15 SC per vote. There are additional prizes which include a 15 000 SC grand prize to the person who votes the most along with 2 500 SC prizes each for the 2nd, 3rd, 4th and 5th place voters

What can I do to help?


1. Vote for us on MintPal and post here : http://bitcoingarden.tk/forum/index.php?topic=541.0 to claim your 15 SC rewards
2. Retweet this : https://twitter.com/CryptoSandwich/status/470789069430333443 with the handle #silkcoin
3. Retweet all #silkcoin tweets from All Crypto All Day
4. Tweet what you like most about Silkcoin with the handle #silkcoin

[Flep182]

I've just sold the last bit of SC, made 1,5 BTC in 2 weeks, now waiting for the POW phase to start hashing again and picking up coins from dumping pools. It's a bit of a gamble but I think I'll triple my original investment again through this

[FredDag]

should  have been a excellent coin. if it could be  launched with an an not pre
And IF. The first two enthusiast posting in the thread weren't some  appeared newbies with first post in this thread.

Zzzzzzzzzzzzzz
welcome to my Ignore list

[FredDag]

Back to Qora with you toejam.

[Rav3n85]

YOU KNOW THIS IS A SCAM RIGHT?

Haha another fool lol 

+10000

[Wulfcastle]

Guys, please do not quote FUDsters, we want to keep the toxicity in this thread to as little as possible

[tiddy]

YOU KNOW THIS IS A SCAM RIGHT?

Haha another fool lol 

+10000

I know,so I didn't bought,lol

[Rav3n85]

Cause he was being a moron!  
Our beautiful SC forum infected with these type of nonsense.
btw I got and error just now, anyone else? I didnt know how to post the pic on the forum xD

Something like

MinGW Runtime Assertion
Assertion failed!

Is it my side problem?

[Wulfcastle]

Cause he was being a moron!  
Our beautiful SC forum infected with these type of nonsense.
btw I got and error just now, anyone else? I didnt know how to post the pic on the forum xD

Something like

MinGW Runtime Assertion
Assertion failed!

Is it my side problem?

What OS are you running?

[suchnekky]

This coin is somehow rising up the voting list on mintpal so fast, it went from 50th position to 12th in a few days.. I think people are quickly realizing that as soon as it hits mintpal where all the large investors are its a 5m+ market cap coin.

[Rav3n85]

Cause he was being a moron!  
Our beautiful SC forum infected with these type of nonsense.
btw I got and error just now, anyone else? I didnt know how to post the pic on the forum xD

Something like

MinGW Runtime Assertion
Assertion failed!

Is it my side problem?

What OS are you running?

Win7 64bit?
Should I del the whole file except the wallet.dat or does it just need a fix?
Downloading the blockchain will take me hours >.<