Quote from: Sterlingcoin on January 29, 2015, 05:38:22 PM

Quote from: Rw13enlib88 on January 29, 2015, 05:26:57 PM

Quote from: Sterlingcoin on January 29, 2015, 04:04:37 PM

Quote from: Rw13enlib88 on January 29, 2015, 12:52:12 PM

Quote from: Sterlingcoin on January 29, 2015, 11:34:34 AM

Quote from: Rw13enlib88 on January 29, 2015, 11:15:11 AM

Hi,

I've been reading about SLG and i've got a few questions

1)What is total coinbase= 63,900,000
The total SLG is gonna be 4,000,000 SLG rigth?

2) SLG is not focused anymore in the UK?

Thanks and congratulations for the great job your doing

1) The total coinbase of Sterlingcoin is 63,900,000. PoW is finished ("normal mining") and lasted 4 months, in that time a total ~3.8 million were mined. As of this second there are 3,865,448.922SLG in Circulation. The remaining coinbase of ~60 million is used for the accrued interest on existing and future holdings of Sterlingcoin. The only way to attain Sterlingcoin is to either trade, buy, faucets and earning it through work.

2)SLG is now focused at a world audience. We learnt within the pre-launch period and first few weeks from launching the wallet our audience was spread globally and the interest far outreached the shores of the UK. Also with a development team based in the USA and UK there was no reason to hold the currency back in any way, shape or form.

Out of interest where have you been looking at info about SLG?

Here are some useful links - http://forum.sterlingcoin.org.uk/index.php/topic,2.0.html

1) Now in existance: 3,865,448.922 SLG 5,5% PoS after X years we arrive to 63,900,000 SLG. Is this correct?

2) I understand your change but you need to undestand that the are thousands of coins focused worldwidely, but just 1 focused in UK.
From the investor side it was an inteligent movement but from marketing point of view IMO it wasnt the best.
Before focusing worldwide you had something that makes you different from the others but now you have lost it. Why would you want to loose what makes you special??

IMO you should keep attracting international investors but the merchants and consumers should be from UK. That's what makes you STERLINGCOIN!!
Another reason is that people has something called nationalism (I'm not talking if you care or you dont care about borders and all that stuff, but the fact is it exist) and they like their national currency, is like their national identity.

Well the origins of Sterlingcoin are the UK but with International use and no limitations. That was always the intention. But people misunderstood this as being exclusively attached to the UK and unobtainable and unusable by anyone outside the UK, which simply isn't and never will be the case.

International use and no limitations.

Ok that's very easy to say, but how many international business are interested in accepting 2000 internationally focused coins??

people misunderstood this as being exclusively attached to the UK and unobtainable and unusable by anyone outside the UK, which simply isn't and never will be the case.

Maybe they just dont understand bitcoin neither

I think SLG should focus on UK merchants and consumers. Your name is sterling. They like the sterling. If they have to choose from 2,000 similar coins they gonna choose a familiar one. UK merchants is the key for UK mass adoption (the people buying SLG they dont want to see that they can buy from 5 international business, they want mass adoption so the price goes up).

This is a competition for mass adoption (UK market is big enougth

). Dont forget that.

Indeed. However, right now, our focus is getting our systems released, mobile wallets working thus enabling the actual spending of the currency much more feasable for "everyday folk". What we also need are a dedicated team of promoters/marketers and maybe even the setting up of a Sterlingcoin Foundation to concentrate efforts and take weight from the shoulders of Steven, Matthew and Spencer.

Sterlingcoin Foundation!! that sounds good!!