[ANN][SLG] Sterlingcoin v1.7 | United Kingdom |

[Sterlingcoin]

Spacedrop was a good idea, but it was way too big. In the OP it says 1% instamine, though to put things in prespective 575.000 coins are probably more like 12% of the total POW coins. If you give that much coins away for free within days you have to expcet the price to totally plummet. That leaves alot of people who came early bagholding or burned, which is not a good way to start growing a community.

The total distribution of the Spacedrop is a large amount and we are aware it's larger than people would expect from a giveaway of this sort. However, the distribution and current lull in price as you say is expected because of the amount of people simply dumping the Spacedrop on the marketplace. But as people can see there are users who will be using, supporting and have realised the direction that Sterlingcoin is headed and because of this they are buying the cheap amounts off of the dumpers.

The Spacedrop has enabled a lot of non-miners to access Sterlingcoin and even without a Spacedrop we would of witnessed miners putting coins up on exchanges at low rates to simply get BTC. That being said the rate of decline would of not been so brutal as it seems to be now. Once the Spacedrop completes, the dumpers sell, the true users buy and more and more merchants come on board, we will see a rise in price, increase of interest and even the possiblity of investors driving the price straight back up again.

However distribution, merchants, development, communication and transparency will ensure the success of Sterlingcoin.

If your in you in, if your out, you'll be back.

To be fair, all info was always out there. Reading the thread after launch with miners expecting 50k+ was a bit hillarious, but it also showed that people are either too lazy to read the ann carefully or have trouble to comprehend. That's not the dev's fault however. Though I really dont know why you wrote 1% instamine - what are the 63.9 Million coins again?

I agree that the spacedrop is good for the distribution - I said it was a good idea - just that it was too big. And to anyone thinking the price will rebound instantly once the spacedrop is over: At 10.000 sats you need 3.6 BTC buys daily to just pay of the miners and keep the price stable. Not impossible but certainly ambitious.

Anyway, I wish you good luck with your coin. Maybe I will buy in when the price drops to something sustainable again.

 

To put things into perspective , blackcoin is sitting at twice price and over 74 million coins right now.

To put things into perspective BTC is sitting at 410$ right now and I can find you a dozen country-coins at zero satoshi. What exactly has BC and SLG in common other than POS?

On the instamine: People should really calculate that percentage as part of the coins to be mined, here the roughly 5 Million coins from the POW phase. That is what is done most of the time. Otherwise huge premines or instamines look pretty small, which can be a nice trick for our sammer-devs. That is not the case here though as the coins are given away via spacedrop, but still. Does it really make sense to calculate that on the basis of a number of coins that will be reached in like 10 years or so?

On the plus side SLG seems to have an active and motivated dev. Lets just see if he can deliver.

We are a team of 4 developers. Please look on the website.

[Schurup]

now I cant access my wallet... after windows crash I get this message every time I try to access the wallet. Do someone know, is there a solution to solve this problem?

http://i58.tinypic.com/t0qbmr.jpg

[torrantz]

now I cant access my wallet... after windows crash I get this message every time I try to access the wallet. Do someone know, is there a solution to solve this problem?

in your roaming folder delete all except wallet.dat
wallet.dat is were your coins are
then start the wallet to reload the blockchain

[Schurup]

now I cant access my wallet... after windows crash I get this message every time I try to access the wallet. Do someone know, is there a solution to solve this problem?

http://i58.tinypic.com/t0qbmr.jpg

in your roaming folder delete all except wallet.dat
wallet.dat is were your coins are
then start the wallet to reload the blockchain

thank you for solution, it works!

[GreatOrchid]

so how much of the space drop is left

[SHossain]

Thanks very much. Received my spacedrop SLG and happy with it. Love the idea of Raspberry Pi wallet. I've one model B+. Will install the wallet and stake SLG in there. Keep up the great works!

[aa9879]

I was expecting space drop is finished by now, because yesterday, when I went to sleep was like over 3k total payouts + 7k total pending, so that is over 10k filled spots out od 11,5k? And now is back to just 6,5k filled spots. Also the numbers arent changing for quite a while now. Can you give us an rough ETA when the space drop will be finished if you judge by the rate of claims. I will probably invest (buy some on Bittrex) in this coin, but not before you finish the give away (space drop).

[somebits]

Spacedrop was a good idea, but it was way too big. In the OP it says 1% instamine, though to put things in prespective 575.000 coins are probably more like 12% of the total POW coins. If you give that much coins away for free within days you have to expcet the price to totally plummet. That leaves alot of people who came early bagholding or burned, which is not a good way to start growing a community.

The total distribution of the Spacedrop is a large amount and we are aware it's larger than people would expect from a giveaway of this sort. However, the distribution and current lull in price as you say is expected because of the amount of people simply dumping the Spacedrop on the marketplace. But as people can see there are users who will be using, supporting and have realised the direction that Sterlingcoin is headed and because of this they are buying the cheap amounts off of the dumpers.

The Spacedrop has enabled a lot of non-miners to access Sterlingcoin and even without a Spacedrop we would of witnessed miners putting coins up on exchanges at low rates to simply get BTC. That being said the rate of decline would of not been so brutal as it seems to be now. Once the Spacedrop completes, the dumpers sell, the true users buy and more and more merchants come on board, we will see a rise in price, increase of interest and even the possiblity of investors driving the price straight back up again.

However distribution, merchants, development, communication and transparency will ensure the success of Sterlingcoin.

If your in you in, if your out, you'll be back.

To be fair, all info was always out there. Reading the thread after launch with miners expecting 50k+ was a bit hillarious, but it also showed that people are either too lazy to read the ann carefully or have trouble to comprehend. That's not the dev's fault however. Though I really dont know why you wrote 1% instamine - what are the 63.9 Million coins again?

I agree that the spacedrop is good for the distribution - I said it was a good idea - just that it was too big. And to anyone thinking the price will rebound instantly once the spacedrop is over: At 10.000 sats you need 3.6 BTC buys daily to just pay of the miners and keep the price stable. Not impossible but certainly ambitious.

Anyway, I wish you good luck with your coin. Maybe I will buy in when the price drops to something sustainable again.

 

To put things into perspective , blackcoin is sitting at twice price and over 74 million coins right now.

To put things into perspective BTC is sitting at 410$ right now and I can find you a dozen country-coins at zero satoshi. What exactly has BC and SLG in common other than POS?

Ha ha! True!

On the other hand, I would like to tell you that my second biggest crypto-currency regret (besides not buying enough Bitcoin when it was cents on the dollar) was not buying Dogecoin. When I heard of Dogecoin the first time I almost puked. I was like, what? They put a dog on a coin, no technological innovations at all and they exepct to dump this on us? 9 months later Dogecoin has a $30 mil market cap, is largely viewed as second only to Bitcoin in importance and STILL has brought no technological innovations to speak of. It is hard for Sterlingcoin to succeed in this crowded space indeed, but Dogecoin showed that it can be done (and I would note that Dogecoin too had largely the same approach: increase adoption). Another thing that is scarce among crypto-currency teams (and if you have it is a huge advantage to your coin) is determination (the will to persist for months or years even when things might look bleak) and competence (having people in the team that actually know how to code and know how to take good strategic decisions).

[Marien]

Are there other exchanges in the pipeline to accept SLG?

[q327K091]

still too high of the difficulty level... it oscillates between 150 to 250 but dense (in hash) rentals have slowly expired  (but millionaires they will be not) obviously it all correlates to the price level which has collapsed in full

Sterling idea to give coins to people that can not operate computers is a great idea, except commercial network is not there (yet) so it is very futuristic and I admire that

Winners (in my humble opinion) will be the those that you will see posting here 10 years from now, speaking here of continuous development and improvement of software and tools

Here is a drastic idea, instead of spending 1000's of dollars or pounds on rentals a development and investment fund should be created so people (software engineers/marketers) can finally obtain jobs in the space, I know of very few crypto doing so but I won't talk openly about it here.. mentioning it here as Sterling seems to be just a nice bunch of people that want to do good (content of their posts tells me so)

[Sterlingcoin]

Are there other exchanges in the pipeline to accept SLG?

Currently just Bittrex and Cryptsy but Polo maybe the next target followed by BTC-e.

[jluizg]

Are there other exchanges in the pipeline to accept SLG?

Currently just Bittrex and Cryptsy but Polo maybe the next target followed by BTC-e.

BTC-E? It's serious?

[Sterlingcoin]

These payments of SLG have funded the Spacedrop after the automatic payout script started
58,880.0502SLG - 5fe4851941f78702a8195aae58cd08db4a88518e8244eb746b01b4f7b5fbe311
58,800.0501SLG - e482d4e8bc741df829bd7dfcb0962973b301bf65cb9dcafc07dbd929fafd61e7
456,198.90SLG -  1052de86f6d31a3eaa4837e4d8073a731f134e2644082cf82b14b64838c00d96
573,879.0003SLG in total in automatic payouts (still being processed).


1,120.997SLG in manual payouts completed.

[GreatOrchid]

anybody with lower hash come to minerpools its no mega miner pool get better rewards spread the hash  duh:)

[nikl]

These payments of SLG have funded the Spacedrop after the automatic payout script started
58,880.0502SLG - 5fe4851941f78702a8195aae58cd08db4a88518e8244eb746b01b4f7b5fbe311
58,800.0501SLG - e482d4e8bc741df829bd7dfcb0962973b301bf65cb9dcafc07dbd929fafd61e7
456,198.90SLG -  1052de86f6d31a3eaa4837e4d8073a731f134e2644082cf82b14b64838c00d96
573,879.0003SLG in total in automatic payouts (still being processed).


1,120.997SLG in manual payouts completed.

I can see Total Payouts 5367 + Total Pending 765 = 6132 spots. Are the 5000+ spots not filled?

[somebits]

These payments of SLG have funded the Spacedrop after the automatic payout script started
58,880.0502SLG - 5fe4851941f78702a8195aae58cd08db4a88518e8244eb746b01b4f7b5fbe311
58,800.0501SLG - e482d4e8bc741df829bd7dfcb0962973b301bf65cb9dcafc07dbd929fafd61e7
456,198.90SLG -  1052de86f6d31a3eaa4837e4d8073a731f134e2644082cf82b14b64838c00d96
573,879.0003SLG in total in automatic payouts (still being processed).


1,120.997SLG in manual payouts completed.

I can see Total Payouts 5367 + Total Pending 765 = 6132 spots. Are the 5000+ spots not filled?

I wish that space drop was over sooner so we could get to some real price discovery. Is it only me or do those numbers look all over the wall? Yesterday I thought it was almost over...

[leigh2k14]

If you use your smart phone as well as your PC for the air drop you can claim extra coins, shhhhh though.

[Svener]

If you use your smart phone as well as your PC for the air drop you can claim extra coins, shhhhh though.

I think it's time for everyone to dump this shitcoin on the exchanges right now and use the btc to buy britcoin. That is what Leigh is doing with his 100 coin Spacedrop.

His signature says it all.

Britcoin: Decentralized Currency for the British People

lol Busted!

Name:   leigh2k14
Posts:   1302
Activity:   224
Position:   Full Member
Date Registered:   January 28, 2014, 08:40:44 PM
Last Active:   Today at 09:22:16 PM


Name:   BritcoinFTW
Posts:   14
Activity:   13
Position:   Newbie
Date Registered:   September 20, 2014, 09:12:39 PM
Last Active:   Today at 09:23:10 PM

[leigh2k14]

If you use your smart phone as well as your PC for the air drop you can claim extra coins, shhhhh though.

I think it's time for everyone to dump this shitcoin on the exchanges right now and use the btc to buy britcoin. That is what Leigh is doing with his 100 coin Spacedrop.

His signature says it all.

Britcoin: Decentralized Currency for the British People

This coin has potential, that's why i'm busy mining, there's plenty of room for more than one British crypto

I was just pointing out a flaw with the space drop.

[leigh2k14]

If you use your smart phone as well as your PC for the air drop you can claim extra coins, shhhhh though.

I think it's time for everyone to dump this shitcoin on the exchanges right now and use the btc to buy britcoin. That is what Leigh is doing with his 100 coin Spacedrop.

His signature says it all.

Britcoin: Decentralized Currency for the British People

lol Busted!

Name:   leigh2k14
Posts:   1302
Activity:   224
Position:   Full Member
Date Registered:   January 28, 2014, 08:40:44 PM
Last Active:   Today at 09:22:16 PM


Name:   BritcoinFTW
Posts:   14
Activity:   13
Position:   Newbie
Date Registered:   September 20, 2014, 09:12:39 PM
Last Active:   Today at 09:23:10 PM

Busted? there's nothing to bust.