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Author Topic: [ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P]  (Read 289449 times)
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bigrcanada
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January 13, 2016, 03:56:22 PM
 #3581

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks

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January 13, 2016, 04:15:42 PM
 #3582

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.
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January 13, 2016, 04:16:52 PM
 #3583

Hi, planning to provide a pool after the swap and algo change, any estimation on when it's gonna happen?

When?

February/March for Silk and DarkSilk launch.

How can I provide a pool?


UNOMP module for DarkSilk is being provided at launch of DarkSilk.

Everything will be able to be found here - https://github.com/silknetwork
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January 13, 2016, 04:22:36 PM
 #3584

What is DarkSilk?

Coin Suffix: DRKSLK
PoW Algorithm: Argon2d
PoW Period: Unlimited
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 1 DRKSLK
Full Confirmation: 10 Blocks
PoS Algorithm: Blake2B
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 0.1 DRKSLK Static PoS Reward
PoS Stake Split Combined Threshold: 500 DRKSLK
Maturity: 100 Blocks (~100 minutes)
Minimum Confirmations for Stake: 1440 Blocks (~1 day)
PoS Min: 1 Hour
PoS Max: Unlimited
Stormnode Collateral Amount: 10000 DRKSLK
Stormnode Min Confirmation: 10 Blocks
Stormnode Reward: 0.25 DRKSLK Static Reward
Budget Reward: 10,000 DRKSLK Static Reward Every 41,091 blocks (~30 days)
Budget Proposal Fee: 100 DRKSLK, 20 confirmations (~20 minutes)
Total Coins: 90,000,000 DRKSLK (~105 years)
Block Size: 20MB (20X Bitcoin Core)

What is Silk?

Algorithm: Scrypt
Coin Suffix: SLK
PoW Period: 10,000 Blocks
PoW Target Spacing: 60 Seconds
PoW Difficulty Retarget: 10 Blocks
PoW Reward per Block: 0 SLK
Full Confirmation: 10 Blocks
Maturity: 350 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 10 Blocks
PoS Reward: 2 SLK Static PoS Reward
Minimum Confirmations for Stake: 350 Blocks
PoS Min: 12 Hours
PoS Max: Unlimited
Total Coins: 2,000,000,000 SLK
Block Size: 2MB (2X Bitcoin Core)
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January 13, 2016, 04:25:03 PM
 #3585

DARKSILK FORECASTS & PROJECTIONS

The total money supply of  90,000,000 DRKSLK will not be reached for ~105 years. It is calculated by aggregating the crowdfund superblock (Block 1), Proof-of-Work (PoW) rewards, Proof-of-Stake (PoS) rewards, Stormnode rewards (payments) and the monthly Stormnode budget superblocks.

To calculate the coins minted using Proof-of-Work (PoW), represented by MW, we use the equation:

M_W= R_PoW* B_PoW

RPoW is the block reward for Proof-of-Work (PoW) valued at 1 DRKSLK per block and BPoW is 43,830 – the average number of Proof-of-Work (PoW) blocks found each month. 

To calculate the coins minted using Stormnodes and Proof-of-Stake (PoS), represented by MS, we use the equation:

M_S= 〖(R〗_PoS+ R_SN) *B_PoS

RPoS is the block reward for Proof-of-Stake (PoS), valued at 0.1 DRKSLK per block, and RSN is the block reward for the Stormnode owner, valued at 0.25 DRKSLK per block. BPoS represents the 41,091 Proof-of-Stake (PoS) blocks minted each month.

MB represents the monthly Stormnode budget proposal superblock of 10,000 DRKSLK. To calculate the total number of coins created in one month, we user the equation:

M_monthly= M_W+M_B+ M_S

Each month, 68,212 DRKSLK are generated as follows: 43,830 DRKSLK are from Proof-of-Work (PoW), 4,109 DRKSLK from Proof-of-Stake (PoS), 10,273 DRKSLK from Stormnode payments, and 10,000 DRKSLK from the monthly budget superblock. The monthly generated amount of 68,212 DRKSLK can be used to forecast the lifetime of new coin generation to around 105 years. Money supply is illustrated by the black bars in the graph below.



After the first year, the supply of newly minted coins will remain constant at 818,544 DRKSLK per year. This constant rate of coin generation is due to the static Proof-of-Stake (PoS) reward, the Proof-of-Work (PoW) reward and Stormnode rewards (payments). This ensures a continuously decreasing rate of inflation with an average of 2.74% inflation per year, as illustrated by the white curve in the graph above.
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January 13, 2016, 04:26:00 PM
 #3586

SILK FORECASTS & PROJECTIONS

The total money supply of Silk (SLK) is calculated by aggregating the initial money supply and the lifetime Proof-of-Stake (PoS) static block reward as the following equations and graph illustrate:

M_Total= M_0+ M_PoS

M_PoS=R * B

B=978,000,000 Blocks; and R=2 SLK

Similarly, to DarkSilk, the static Proof-of-Stake (PoS) reward for Silk decrease the inflation rate over time.

The total money supply of 2,000,000,000SLK will take 1,984 years to come into circulation.


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January 13, 2016, 04:29:12 PM
Last edit: January 13, 2016, 05:39:16 PM by SLievensDRKSLK
 #3587



Abstract. Weaver is an enterprise platform handling multiple cryptographic services such as online wallets, mining services, Stormnode hosting, APIs, messaging and even the ability to pay Bitcoin invoices with either DarkSilk or Silk.


I. USER ACCOUNTS

New users are only required to choose a username and supply an email to sign-up to Weaver. 2FA is an option and is strongly recommended for all users.

There are 3 account tiers available, dependent on user needs. A standard account should suffice for most people, but if people require additional features there are Gold and Diamond accounts available.

Diamond Account ($12.50 per month)
Instant Swap between DarkSilk/Silk/Bitcoin
Multipool Withdrawal Fee – TBA
Multipool Pay-out options – DarkSilk/Silk/Bitcoin
Weaver Withdrawal Fee – TBA
High Priority Withdrawal
Algo Auto-Switching on Multipool – Yes
Coin Auto-Switching on Multipool – Yes
Stealth Addresses – Yes
Wallets – DarkSilk/Silk/Bitcoin

Gold Account ($8.25 per month)
Instant Swap between DarkSilk/Silk/Bitcoin
Multipool Withdrawal Fee – TBA
Multipool Pay-out Options – DarkSilk/Silk/Bitcoin
Weaver Withdrawal Fee – TBA
High Priority Withdrawal
Algo Auto-Switching on Multipool - Yes
Coin Auto-Switching on Multipool – Yes
Stealth Addresses - Yes
Wallets – DarkSilk/Silk/Bitcoin

Standard Account (Free Sign Up):
Queued Swap between DarkSilk/Silk/Bitcoin
Multipool Withdrawal Fee – TBA
Multipool Pay-out options – Only Silk
Weaver Withdrawal Fee – TBA
Low Priority Withdrawal
Algo Auto-Switching on Multipool - No
Coin Auto-Switching on Multipool Yes
Stealth Addresses - No
Wallets – DarkSilk/Silk/Bitcoin

Account subscriptions can be paid in either DarkSilk, Silk or Bitcoin.

Diamond and Gold account subscriptions are monthly, non-contractual and do not auto-renew.


II. GENERAL USER INTERFACE

The interface is designed to allow users to navigate Weaver in a fast and effective manner. However, the menu can be rearranged into any order the user wishes.

•   Dashboard
   o   Account Settings
   o   Wallet
   o   Recent Transactions
   o   DarkSilk/Silk/Bitcoin Addresses
   o   DarkSilk Stealth Addresses
   o   Transactions
   o   API Access
   o   Messaging
   o   Stormnode Hosting Manager
•   Woven
   o   Pay BTC invoices with DRKSLK/SLK
   o   Swap Bitcoin/DarkSilk/Silk
   o   API access
   o   SILK/SLK Swap
•   Mining
   o   Multipool
   o   Dedicated DarkSilk Pool
   o   API access
•   Analytics
   o   Blockchain Explorers
   o   BTC to FIAT Conversion[19]
   o   Current Price for DarkSilk/Silk
   o   Graphs & Statistics
•   Silk Network
   o   Home
   o   Downloads
   o   Support
   o   About
   o   Contact

*the menu system is subject to change at any time


III. ALGORITHM/PROFIT AUTO SWITCHING MINING POOL


The multipool on Weaver enables miners to set and forget. The multipool calculates profitability every 20 minutes and automatically switches to the most profitable algorithm and coin.

All coins mined are converted automatically to the currency selected by the miner and pay-outs to their wallet on Weaver occur every 12 hours.

Miners can select to be paid in either DarkSilk, Silk or Bitcoin dependent on the account type they have.


IV.  DARKSILK MINING POOL

For the duration of the DarkSilk Proof-of-Work (PoW) period of 42,001 blocks, there will be a dedicated mining pool for mining DarkSilk.
This mining pool uses an accumulated hash rate of all miners on the pool to search for blocks on the DarkSilk network.

Found blocks and their respective reward are then split amongst miners in accordance with their shares successfully submitted for each block found by the pool. DarkSilk earnt this way is paid out every 12 hours directly to the miner’s wallet on Weaver.


V. SILK/DARKSILK FAUCETS

Two public faucets will be hosted indefinitely for both Silk and DarkSilk, with pay-outs ranging between 1 satoshi and 1 milli-darksilk per round. Rounds will be hourly and allow one entry per hour.

10% of all fees charged across the Weaver platform are transferred daily to the Silk and DarkSilk faucets. This means the amount available each day is dependent on the user activity on Weaver the day before.

Proxy access, Tor access and mobile device access are prevented from accessing the faucets to limit the chance of “cheating” the system.


VI. WOVEN

This service enables users to swap between DarkSilk, Silk or Bitcoin without having to have any knowledge in trading or the use of exchanges.

The user selects an amount of DarkSilk, Silk or Bitcoin to “weave”, Woven then gives a live price including the conversion fee and the user is required to then confirm the swap.

Once confirmed, the swap is carried out instantly if the user holds a Gold or Diamond account, otherwise it is queued and paid out when the next available payment slot becomes available. However, in most instances it will be instant.

API Calls -  Return data from Woven

•   getswapprices
Returns all swap prices for all combinations.
•   getswapprice [currency1] [currency2]
Returns the individual swap prices for all combinations.

The Woven API will be developed and grown over time with more and more features being added to enable users to “weave” funds with ease.


VII. SILK/SLK SWAP

Due to the original Silkcoin (SILK) having issues with its codebase, multiple versions, users on the incorrect blockchain, syncing issues and other varying negative factors, it was decided by the development team to create and swap to a new Silkcoin, simply called Silk (SLK).

Regardless of marketing, promotion and all forms available, not all users will be aware of the swap initially. Additionally, there is no way to notify users of the update and swap via the wallet; the private key for the original wallet is not held by the current development team, thus disabling us from broadcasting messages to the network.

Because users of Silkcoin (SILK) may not be aware of the swap, it will not be constrained by time. However, 30 days after start of the swap period the original Silkcoin (SILK) addresses with their balances will be snapshotted and Silkcoin (SILK) will be withdrawn from all exchanges and replaced with the new Silkcoin (SLK).

Anyone who still has Silkcoin (SILK), even after its removal from exchanges, will still be able to swap 1:1 for Silk (SLK) on Weaver, provided their address is contained within the database of snapshotted addresses.


VIII. FORUMS

The forum on Weaver offers users a central hub to communicate, share and progress the Silk Network community and infrastructure. The forum is built upon the open-source Simple Machines[20] forum software.


IX. MESSAGING

Weaver users will be able to message each other instantly and securely. Sending messages from one Weaver account to another requires the receivers DarkSilk address from their Weaver online account.

The message interface is aimed towards ease of use:
 
“Address: (Weaver DarkSilk Address)”
“Name/Label: (Give a name/label for the above address)”

Messages are internal only, it is not possible to send messages outside of Weaver to external DarkSilk wallets.

All messages are encrypted with the AES-256-CBC algorithm. Encrypted Messages are duplicated on every participating node in the DarkSilk network – this prevents adversaries from uncovering the recipient of an encrypted message by using network traffic analysis.
The messaging system within Weaver uses the same encrypted instant messaging system as DarkSilk and doesn’t store any information on the blockchain or within Weaver.


X. SILK/DARKSILK API


Developers and service providers will have access to an API for both the Silk and DarkSilk networks, to enable them to build third-party applications.

API Calls -  Return data from Silk/DarkSilk Daemon

•   getdifficulty
Returns the current difficulty.
•   getconnectioncount
Returns the number of connections the block explorer has to other nodes.
•   getblockcount
Returns the current block index.
•   getblockhash [index]
Returns the hash of the block at; index 0 is the genesis block.
•   getblock [hash]
Returns information about the given block hash.
•   getnetworkhashps
Returns the current network hash rate. (hash/s).
•   getrawtransaction [txid] [decrypt]
Returns raw transaction representation for given transaction id. decrypt can be set to 0(false) or 1(true).

Extended API - Return data from Silk/DarkSilk local indexes

•   getmoneysupply
Returns current money supply
•   getdistribution
Returns wealth distribution stats  
•   getaddress (/ext/getaddress/hash)
Returns information for given address  
•   getbalance (/ext/getbalance/hash)
Returns current balance of given address  
•   getlasttxs (/ext/getlasttxs/count/min)
Returns last [count] transactions greater than [min]
Note: returned values are in Satoshi’s


Linking (GET) - Linking to the Silk/DarkSilk block explorer

•   transaction (/tx/txid)  
•   block (/block/hash)  
•   address (/address/hash)
•   qrcode (/qr/hash)



XI. ACCOUNT API

An API is provided to enable information to be pulled from user’s accounts on the Weaver platform.

API Calls -  Return data from account

•   getbalances
•   Returns the current balance of all wallets.
•   getbalance [currency]
•   Returns the current balance of the selected currency.
•   withdraw [currency] [quantity] [address]
•   Withdraw a selected currency and amount to an address.
•   getwithdrawhistory [currency] [count]
•   Returns withdrawal history of selected currency.
•   getdeposithistory [currency] [count]
•   Returns deposit history of selected currency.
•   send [currency] [amount] [address]
•   Sends a selected currency and amount to an address.

Example API call:

http://darksilk.org/api/v1/?apiKey=YOURAPIKEY/getbalance/bitcoin



XII.   STORMNODE HOSTING MANAGER

For users unsure of how to go about setting up a Stormnode and investing in the DarkSilk network, Weaver offers a Stormnode hosting service.

The fee for the Stormnode (10,000DRKSLK) must be kept by the user on their local wallet and it is not an option for the Weaver wallet funds to be utilised for funding Stormnodes.

For Weaver to be able to automatically start the Stormnode, the user must provide the stormnodeprivkey that is associated with their local DarkSilk wallet containing the 10,000DRKSLK.

The first start of the Stormnode is initiated by the user, thereafter Weaver takes control and will auto-start the Stormnode if needed, users are notified if a remote-start by them is needed.

The cost of hosting/setup/support on Weaver is $25 per Stormnode per month, payable in DarkSilk, Silk or Bitcoin.


XIII. STORMNODE LEASING

For users who do not have the ability to fund a Stormnode, Weaver will offer a Stormnode leasing option with full setup and support.

The collateral for the Stormnode is covered by Weaver, with the Stormnode payments being paid to the leasers Weaver account DarkSilk wallet.

Leasers will have full use of the functions of their Stormnode such as creating and voting on budget proposals.

There are no contracts, leases are on a monthly basis and paid in advance in either Bitcoin, DarkSilk or Silk.


XIV. SECURITY

All user account passwords are secured with 512bit encryption and 32char salts, with the option for 2FA and ‘User Pins’.

Weaver employs a hot/cold wallet system to ensure funds are as secure as possible at all times and also has secured mining stratums, block explorers and DNS Seeds.

Privately managed DNS Servers are secured and have enterprise level firewall, DDoS protection and SSL certification.
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January 13, 2016, 04:36:54 PM
 #3588

The above information can all be found in the whitepaper for the Silk Network.

https://t.co/axi9lwpXGj
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January 13, 2016, 08:40:08 PM
 #3589

One question, whats the purpose of the $25 fee for hosting a stormnode?

I thought that all nodes would be rather paid fees for keeping the network running smoothly much the same as DASH currently does.

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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January 13, 2016, 08:46:04 PM
 #3590

One question, whats the purpose of the $25 fee for hosting a stormnode?

I thought that all nodes would be rather paid fees for keeping the network running smoothly much the same as DASH currently does.

That is if we host your Stormnode for you. The $25 is for hosting, customer service, setup and maintenance.

Not for hosting your own from your computer.

Stormnodes do receive payments, 0.25DRKSLK per payment.

If you did host the Stormnode through us you still hold the collateral in your local wallet.
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January 13, 2016, 09:11:14 PM
 #3591

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.  Does someone have a silkcoin wallet that they recommend?

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January 13, 2016, 09:16:45 PM
 #3592

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.

If you want DarkSilk and want to use Silk to get some you can do that.

You can also deposit BTC to Weaver and use that to obtain either Silk or DarkSilk.

Silkcoin to Silk swap is 1:1 and the Silk to DarkSilk weave is obviously according to the market price.
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January 13, 2016, 09:26:19 PM
 #3593

Will the swap between SLK and DRKSLK still be the same 1:1 ratio also?

NEM, THE SECURE, SCALABLE BLOCKCHAIN [NEM.IO] [T.ME/NEMRED]
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January 13, 2016, 09:28:29 PM
 #3594

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.

If you want DarkSilk and want to use Silk to get some you can do that.

You can also deposit BTC to Weaver and use that to obtain either Silk or DarkSilk.

Silkcoin to Silk swap is 1:1 and the Silk to DarkSilk weave is obviously according to the market price.

Sorry for all the questions coming up...but I have good chunk of silkcoin...I've been a fan of the concept for a very long time.  What I'm not getting is...silkcoin going to become silk?  Then there is going to be another coin called Darksilk?  how do these relate?

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January 13, 2016, 09:37:45 PM
 #3595

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.

If you want DarkSilk and want to use Silk to get some you can do that.

You can also deposit BTC to Weaver and use that to obtain either Silk or DarkSilk.

Silkcoin to Silk swap is 1:1 and the Silk to DarkSilk weave is obviously according to the market price.

Sorry for all the questions coming up...but I have good chunk of silkcoin...I've been a fan of the concept for a very long time.  What I'm not getting is...silkcoin going to become silk?  Then there is going to be another coin called Darksilk?  how do these relate?

NZMiner I answered your question in the post above yours.

Silkcoin is being swapped to a new coin called Silk and Silkcoin will cease to be traded and used.

The swap from Silkcoin to Silk will be indefinite so that no holders, like yourself, come out of the woodwork and have missed the swap and in-turn lost investment.

The Silkcoin to Silk swap is held on Weaver in its own section and is direct 1:1, this is only usable by people that held Silkcoin at the point of Silk releasing, not for any Silkcoin generated after that point.

Inside Weaver there is a service called Woven where you can "weave" between Silk, DarkSilk and Bitcoin, according to market prices from exchanges (aggregated).

All of the questions can be avoided if people just go back 30 pages and have a good read. If you are truly interested in securing your investment and learning about what we are doing, you would/will do this Cheesy

Also, read the bloody whitepaper, I didn't spend 60+ hours on that for nothing, lol - https://t.co/iUddqRZ5N8
bigrcanada
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January 13, 2016, 09:42:30 PM
 #3596

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.

If you want DarkSilk and want to use Silk to get some you can do that.

You can also deposit BTC to Weaver and use that to obtain either Silk or DarkSilk.

Silkcoin to Silk swap is 1:1 and the Silk to DarkSilk weave is obviously according to the market price.

Sorry for all the questions coming up...but I have good chunk of silkcoin...I've been a fan of the concept for a very long time.  What I'm not getting is...silkcoin going to become silk?  Then there is going to be another coin called Darksilk?  how do these relate?

NZMiner I answered your question in the post above yours.

Silkcoin is being swapped to a new coin called Silk and Silkcoin will cease to be traded and used.

The swap from Silkcoin to Silk will be indefinite so that no holders, like yourself, come out of the woodwork and have missed the swap and in-turn lost investment.

The Silkcoin to Silk swap is held on Weaver in its own section and is direct 1:1, this is only usable by people that held Silkcoin at the point of Silk releasing, not for any Silkcoin generated after that point.

Inside Weaver there is a service called Woven where you can "weave" between Silk, DarkSilk and Bitcoin, according to market prices from exchanges (aggregated).

All of the questions can be avoided if people just go back 30 pages and have a good read. If you are truly interested in securing your investment and learning about what we are doing, you would/will do this Cheesy

Also read the bloody whitepaper, I didn't spend 60+ hours on that for nothing - https://t.co/iUddqRZ5N8

Hey...I caught that dig at me... Wink  lol.  I will certainly get to reading what is going on here for sure.  When is the Silk release?  When can I buy some?  tnx...

Proud lifetime DASH Foundation Member | First Brick & Mortar DASH Merchant |  Please visit DASH.org or DASHtalk.org for a list of merchants and information.
SLievensDRKSLK
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January 13, 2016, 09:53:22 PM
 #3597

Hi Gentlemen & Ladies...haven't been on here for awhile.  Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on.  I've accumulated a bunch of silkcoin and i'm curious as to the status of this coin.  Thanks


Not sure what is happening....but is the a name change planned or silkcoin to darksilk or something such going on?

Silkcoin will be able to be swapped to Silk at a 1:1 ratio on Weaver for an indefinite period.

DarkSilk will launch one month after Silk.

Weaver launches when Silk launches.

Silk has no PoW phase that rewards coins, just 10000 empty blocks to bring in PoS smoothly.

DarkSilk has unlimited PoW with a new algorithm, Argon2d. Blake2B is still used for PoS.

There will be crowdfunding phases for Silk Network development i.e. Silk, DarkSilk & Weaver which involves the sale of 4,000,000 DRKSLK.

So...I'm not a super techie guy and I'm going to be a bit painful for a lil bit.  I must convert my coin to silk from my silkcoin?  Then silkcoin to darksilk?  Is silkcoin turning into darksilk?  Sorry for these questions...I'm trying to understand the above information.  I'm willing to tip someone to help me through this process.

Is darksilk a 1:1 silkcoin?  I'm a bit of confused noob...so please bare with me.

If you want DarkSilk and want to use Silk to get some you can do that.

You can also deposit BTC to Weaver and use that to obtain either Silk or DarkSilk.

Silkcoin to Silk swap is 1:1 and the Silk to DarkSilk weave is obviously according to the market price.

Sorry for all the questions coming up...but I have good chunk of silkcoin...I've been a fan of the concept for a very long time.  What I'm not getting is...silkcoin going to become silk?  Then there is going to be another coin called Darksilk?  how do these relate?

NZMiner I answered your question in the post above yours.

Silkcoin is being swapped to a new coin called Silk and Silkcoin will cease to be traded and used.

The swap from Silkcoin to Silk will be indefinite so that no holders, like yourself, come out of the woodwork and have missed the swap and in-turn lost investment.

The Silkcoin to Silk swap is held on Weaver in its own section and is direct 1:1, this is only usable by people that held Silkcoin at the point of Silk releasing, not for any Silkcoin generated after that point.

Inside Weaver there is a service called Woven where you can "weave" between Silk, DarkSilk and Bitcoin, according to market prices from exchanges (aggregated).

All of the questions can be avoided if people just go back 30 pages and have a good read. If you are truly interested in securing your investment and learning about what we are doing, you would/will do this Cheesy

Also read the bloody whitepaper, I didn't spend 60+ hours on that for nothing - https://t.co/iUddqRZ5N8

Hey...I caught that dig at me... Wink  lol.  I will certainly get to reading what is going on here for sure.  When is the Silk release?  When can I buy some?  tnx...

You can buy now effectively. Because if you buy Silkcoin you are buying Silk. Poloniex.

Launch date not set in stone. Feb/Mar.
SLievensDRKSLK
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January 13, 2016, 10:06:12 PM
 #3598

If you want to catch up.

I show up originally as a shadow developer called SCDeveloper on page 116

https://bitcointalk.org/index.php?topic=676976.2300

Read from there, and you will be a wise man on the Silk path......
bigrcanada
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January 13, 2016, 10:24:26 PM
Last edit: January 13, 2016, 11:00:15 PM by bigrcanada
 #3599

If you want to catch up.

I show up originally as a shadow developer called SCDeveloper on page 116

https://bitcointalk.org/index.php?topic=676976.2300

Read from there, and you will be a wise man on the Silk path......

Thanks...that rocks!  I'll make that an evening read.  Is there a silk wallet link that you recommend?  I currently have my silkcoin on polo  Shocked

Proud lifetime DASH Foundation Member | First Brick & Mortar DASH Merchant |  Please visit DASH.org or DASHtalk.org for a list of merchants and information.
SLievensDRKSLK
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Activity: 490
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January 13, 2016, 10:30:18 PM
 #3600

If you want to catch up.

I show up originally as a shadow developer called SCDeveloper on page 116

https://bitcointalk.org/index.php?topic=676976.2300

Read from there, and you will be a wise man on the Silk path......

Thanks...that rock!  I'll make that an evening read.  Is there a silk wallet link that you recommend?  I currently have my silkcoin on polo  Shocked

https://github.com/silkcointemple/silkcoin/releases/tag/v1.1.0.21

I would personally leave them in Polo and then transfer to Weaver once we launch.
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