[ANN][SILKCOIN][DARKSILK PREANN][TESTING STORMNODES/DarkSIlk MARKET/I2P]

[SpencerLievensSLG]

I have proposed a pull request on the existing code base after being asked to do so.

https://github.com/silkcointemple/silkcoin/pull/9/files

The current developers/owners know of this work and I am personally interested in your thoughts

(Do not build this as it will not connect, this is just for code analysis and review)

Hard Fork
PoS Interest Changes
Min Stake Change
PoS Block Timing Change
Removal of Market Data and Statistics tabs to seal up security risks

Everybody please review the proposed changes. This is a community decision so do not hesitate to share your thoughts and/or concerns. I do not have any experience reading code but I've summarized the changes as far as I can tell. If you have a trained eye please review in more detail and share your comments and suggestions.

Hard Fork December 1st 2014 @ 00:00:01
PoS Interest Changes Base stake mint rate, 111% year interest
Min Stake Change 8 Hour Minimum Stake Age Unlimited Max Stake Age
PoS Block Timing Change 3-minute block
Removal of Market Data and Statistics tabs to seal up security risks


Spencer, is the above correct? Also can you explain what this means to the newbies like me?
// BottleCaps: reward for coin-year is cut in half every 64x multiply of PoS difficulty
// A reasonably continuous curve is used to avoid shock to market
// Lower interest bound is 11% per year

Thanks,

This will answer your questions about lower bound interest and "to avoid shock to the market" - http://www.gla.ac.uk/media/media_217529_en.pdf

[SpencerLievensSLG]

Also if anyone wants to suggest a pull on my code or any sort of edit I am open to opinion and suggestion.

[bartolo]

Excited waiting for the news to come, I am sure that something great is coming, the silkcoin team is doing a great work.

[m33]

anyway to stop stake from split?

[Nyterax]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

[nzminer]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

[yell4george]

"Number 111 is a powerful number of manifesting and manifestation, and carries the combined attributes and energies of number 1 and the karmic Master Number 11.  Number 1 resonates with assertiveness, independence and uniqueness, motivation, new beginnings and striving forward, insight, self-leadership and inspiration, positivity and achieving success.  Number 11 tells us that to connect with our higher-selves is to know and live our soul mission and life purpose. Number 111 symbolizes the principles of spiritual awakening and enlightenment, high energy, inspiration and intuition, self-expression and sensitivity."

[yell4george]

This will answer your questions about lower bound interest and "to avoid shock to the market" - http://www.gla.ac.uk/media/media_217529_en.pdf

you're obv way smarter then me, lol I don't know what half of that means, well written paper though.

I'll just continue to support Silk, cross my fingers and do what I can to help.

The camel still marches ..

[pandionrain]

Damn.  Are we STILL on page 92?   Fire up those damn camels!

[Nyterax]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

How exactly does this help distribution?

[nzminer]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

How exactly does this help distribution?

It will enable those who are new to this currency to get a higher stake in silk, since those would have missed out on mining it, etc.

[mafort1469]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

How exactly does this help distribution?

It will enable those who are new to this currency to get a higher stake in silk, since those would have missed out on mining it, etc.

Yes, let's fire up them camels. LOL. Silk to the Silk!

[acquafredda]

Yes for the widespread distribution. But where will it be the novelty of this project then?

[arteleis]

Yes for the widespread distribution. But where will it be the novelty of this project then?

  There is no novelty in this project apart from the community left standing through all kinds of horrific shit most coins dont have the pleasure of experiencing.  Lol

   And as everyone has seen novelty is based on scam.  Or awesome devs producing feature after feature to see the coin descend in price.  Novelty is for pumps and dump groups.

    What is being built here will be built with the last comm members standing.

   The design is of community support and economic function in a time that cryptos is spread from simple clients to full suites of features.

  Silkcoin.io is down.  No news from web dev. We have 2 websites, 2 threads, 2 twitter accounts, a reddit and some facebooks lol... none of which have relevant info.

   New users cannot find the proper info or support. 

   Im starting to believe that the name silk will pass.  Through the weaver to become another coin redeemable in silk.

  After all.  A silkweaver weaves silk into further works of beauty.

  Keep staking. 

[acquafredda]

I'm sorry man, I had stopped staking right now.

I supported the staking for 2/half months.

[arteleis]

I'm sorry man, I had stopped staking right now.

I supported the staking for 2/half months.

Sorry for my bummer moment there.  The name Silk cannot be erased or replaced, i honestly thinking about it could not do it. no fuckin way
  lol too many camels up in here.
  I'm coming up with some creative options i hope to rid us of the disinformation we currently have regarding the multiple sites and forum threads that have nothing to do with the current coin.  If anyone else has ideas please pm.

The fork code is looking better now too (i believe its complete) and have 5 out of 6 devs agreeing it will work perfectly with only slight hesitation from 1 reviewer.

This will though require a gutted client for multiple reasons. But where the coin is going, the bells and whistles of the client will not be necessary.  We truly added everything because it was the thing to do at the time lol  and everyone of course thought it would effect price. Which i mean it did.. every feature added would be a small hype and then a big dump when price raised.  lol name of the game now.  buy the news sell the product.. so fuck that..

Basics including messaging as well as a few other pos features with a rock solid client is the goal with increased security and minimal cpu usage, with less chance or no chance of failure relying on a developer to keep the website running, or an exchange to not break apis etc.

The days of swiss army knife wallets are coming to a close.
The Rise of Community and Honesty in Alts is near its beginning.

True management of a POS community and incorporation into current systems may be the way to go for the time being and the direction of the weaver.
There will be much more work then just adding another bell or whistle to the client once the weaver begins.

As mentioned before please feel free to pm and discuss the weaver. It is a seed idea that grows larger and larger with each of your inputs and question.

I will keep you all updated and please feel free to strike up a conversation with any questions or ideas.

Long Live the Silk Revolution.
 

[arteleis]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

The weaver and council is the guard to hyperinflation.  Please pm if you are interested.

[arteleis]

"Number 111 is a powerful number of manifesting and manifestation, and carries the combined attributes and energies of number 1 and the karmic Master Number 11.  Number 1 resonates with assertiveness, independence and uniqueness, motivation, new beginnings and striving forward, insight, self-leadership and inspiration, positivity and achieving success.  Number 11 tells us that to connect with our higher-selves is to know and live our soul mission and life purpose. Number 111 symbolizes the principles of spiritual awakening and enlightenment, high energy, inspiration and intuition, self-expression and sensitivity."

Yes this is exactly the reason we all chose 111. 

[arteleis]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

How exactly does this help distribution?

By creating various projects for the silk that is staked to be used as opposed to all going to an exchange.

[arteleis]

Is there any actual reasoning behind the number 111% and choosing it over any other arbitrary number for annual interest?

What's the plain to avoid hyperinflation?

Sorry if this was already asked.

It was a community choice by voting. Hyperinflation will be avoided because this will help its distribution.

How exactly does this help distribution?

It will enable those who are new to this currency to get a higher stake in silk, since those would have missed out on mining it, etc.

Also true.  High stakes hold games is a fun one.