[ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!

[primer-]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

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[AizenSou]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

No it isn't still decided yet. We will vote for complete turn off PoS because it won't bring anything. PoB is more than enough.

[primer-]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

No it isn't still decided yet. We will vote for complete turn off PoS because it won't bring anything. PoB is more than enough.

You dont get it, do you ? If you eliminate PoS completely it will lead to even more PoB/PoW blocks...

[sp00lin9]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

I haven't made anything because I've chosen not to sell, I'm in for the long haul (:

[primer-]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

I haven't made anything because I've chosen not to sell, I'm in for the long haul (:

Let me ELI5 for you as you are still clueless :
Proposed PoS fix will increase PoW/PoB blocks. Miners like I will mine 3 - 5 times more every day compared to todays rate. Thats PER block type!
I average around 10 PoB blocks /day. I will average 30 after the fix.
I average around 500SLM via PoW /day. I will average 1500SLM after the fix.

You get it now retard ?

 

[sp00lin9]

LOL primer- just dumped his 10000 SLM on Bter 

Hopefully! This coin is going NOWHERE WITH PRIMER IN THE COMMUNITY

HE IS (OR WAS) ONE OF THE BIGGEST BAG HOLDERS OF SLIM & HIS LOGIC IS TO COMPLETELY BASH AND DEGRADE SLIMCOIN  EFFECTIVELY REDUCING HIS OWN PROFITS?!

WHO DOES THAT?! A CHIMPANZEE HAS A HIGHER IQ THEN PRIMER

 

You are forgetting i sold 19 BTC worth of SLM, including todays dump How much did you make off SLM ?

PoS is broken and the proposed fix will have a huge effect on daily coin supply. Good luck with your bag if you decide to hold ))

I haven't made anything because I've chosen not to sell, I'm in for the long haul (:

Let me ELI5 for you as you are still clueless :
Proposed PoS fix will increase PoW/PoB blocks. Miners like I will mine 3 - 5 times more every day compared to todays rate. Thats PER block type!
I average around 10 PoB blocks /day. I will average 30 after the fix.
I average around 500SLM via PoW /day. I will average 1500SLM after the fix.

You get it now retard ?

 

LOL I understood it the first time, but keep repeating  over & over if it makes you feel better (:

[freet0pian]

I wouldnt eliminate PoS completely, if nothing else it will help promote Slim as a coin with a trinity of ways to mine/mint.

PoB should always be the star of the show because of its perks over older Proofs-of-X. It brings mining to a whole new level by completely skipping the part where one gets shafted by pre-ordering a "fully QC tested" rig 

Investment ---> Return, nothing in between

[rfcdejong]

I am here and need input on the new PoS reward increase from 1% to 10% and make them more difficult to find.

Make them more difficult to find or maybe even remove PoS so you can take a fork of bitcoin and implement dcrypt + burning on the new fork.

[glop]

No it isn't still decided yet. We will vote for complete turn off PoS because it won't bring anything. PoB is more than enough.

+1

   POS as it is developed is wrong, so I would love as well to see POS stopped .

[freet0pian]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

[primer-]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

[glop]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

  If we turn off the POS the effect is to go back at the first rate (before block 16k) and if I remember it was not so bad. Just not to change anything else.

[primer-]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

  If we turn off the POS the effect is to go back at the first rate (before block 16k) and if I remember it was not bad. Just not to change anything else.

If we turn PoS off we will have 3 times more PoW and 3 times more PoB blocks than in the last 2 weeks (since block 15.1k). I wonder how the exchange would react to an influx of 3x more coins.

[freet0pian]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

No way, like reducing-PoW-PoB-block-reward no way?

[glop]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

  If we turn off the POS the effect is to go back at the first rate (before block 16k) and if I remember it was not bad. Just not to change anything else.

If we turn PoS off we will have 3 times more PoW and 3 times more PoB blocks than in the last 2 weeks (since block 15.1k). I wonder how the exchange would react to an influx of 3x more coins.

   Just fine (hope)... but we need something to burn... and the volume of available coin is not that high, 200k after 2 or 3 months - env 1M / year
   Just wondering if it is  enough to develop a interesting coin for markets and  consumers

[primer-]

If removing PoS would help the developing process I can see a point in sacking it. But please lets not increase the volume of new coins created or the maximum supply.

Its inevitable.

Removing PoS will increase volume of new coins created (both PoW and PoB.)
Increasing PoS diff. will increase volume of new coins created (both PoW and PoB).

Their is no way to keep the current daily coin supply the same unless PoW block creation time is increased.

No way, like reducing-PoW-PoB-block-reward no way?

Reward system is a story on its own. PoW reward was designed for a mediocre difficulty. If this coin ever takes off expect a 3-4SLM block reward. That wont work so a fork will be required. PoB suffers from the same flaw, current PoB reward is 17, once we increase PoW generation rate expect more burned coins. We should have 400k burned coins in a week or two which should drop the reward down to 10 or less.

[slimcoin]

Another idea that would be better long term wise:

I could take novacoin's source code, and add the Dcrypt and PoB aspects to it.
That is not a small job since there are a lot of differences. It will probably not be a 1 week project.

It is better for the long run of Slimcoin as all the commands and bugs that were in peercoin are added/fixed.

The new client will be made backwards compatible with this blockchain, so you will not lose any coins at all.

[rfcdejong]

Another idea that would be better long term wise:

I could take novacoin's source code, and add the Dcrypt and PoB aspects to it.
That is not a small job since there are a lot of differences. It will probably not be a 1 week project.

It is better for the long run of Slimcoin as all the commands and bugs that were in peercoin are added/fixed.

The new client will be made backwards compatible with this blockchain, so you will not lose any coins at all.

Great!!! Very good idea!! At least if you want to keep PoS.. if you choose not to keep PoS fork from bitcoin

Why not Blackcoin instead of novacoin, Blackcoin has a more active dev team on the source code?

PS: Please split up dcrypt and PoB into seperate classes and files for that matter, and made them accessable by methods and functions

[primer-]

Oh my dear God, i don't know whether to laugh or cry.

Instead of addressing the problem at hand (PoS cpu utilization and difficulty,PoW and PoB block reward), you have wondered off into theoretical discussion about forking bitcoin , novacoin or blackcoin...

[primer-]

Primer:

• petty
• myopic
• self-defeating
• greedy
• so very, very alone

Stop sending priv messages.
Stop asking for advice on coins and investments.
Stop bragging about your crypto profits (was it 70k you bragged about?)
Stop pimping your little sister, shes not my type.