Quote from: Gandalf86 on January 16, 2017, 09:08:57 AM

Martbob, not trying to be annoying but how long will the whitepaper contest go? You said it's been extended but we've now passed the original deadline by one week ... Wink

So when old coin holders decide to "Seppuku" their coins, they will get some SCD right? Where do these SCD come from? How much will be received that way? I'm afraid that given the huge amount of dead coins, SCD coin supply would increase pretty fast. People would just exchange their old coins for SCD and dump them on Yobit, so we would end up at 1 SAT pretty quickly as well ... Undecided

The problem is that there is no real stuff you can spend SCD on, because nobody makes substantial profit from burning coins. The only way to get some value out of SCD is by selling them. Not trying to be harsh, just pointing out a possible problem here.

Hello gandalf, as you can see i have a roadmap in minde, releasing the coin with ugly wallet, in about 2 days the new wallet will be released, but only with basic functions, there will be only the classical send/receive/transactions/addresses functions available.
One to two weeks later there will be the second release with addCoin and exchange. After this, i will need around a week again to make the exchange functionnal.

now for the exchange, first some terminology :
when i say exchange, i mean the suicide exchange
when i say selling the SCD i mean external exchanges

now for the exchange, after the vote period ends, anyone will be able to buy/sell SCD/??? at the resired rate, the initial rate will be set by me proportionally to the dead coins coin supply. Now here it will depend on everyones trading skills, as there will be no fake folumes/transactions, you can earn a lot exchanging SCD for a dead coin, or, loosing it all, but what ever happens, at the end of the 5 days trading period, all the dead coins will be burned.
The objective is to trigger a high trading frequency on the dead coins, so, if you are a dead coin bag holder then you will sell them for SCD, the SCDs will come from traders who are interested to play as the volatility will be high. The outcome will depend on each ones trading skills, if you are a trader, and have been able to buy and sell with a profit, then lucky you are, if you are a bag holder, and have been able to sell, but been too greedy you bought some back and loosed them, then you are doomed.
You can earn a lot from dead coins speculation, but at the end, all the remaining coins will be burned except SCDs, so during this period people will have to buy SCDs in external exchanges to participate, it is the Suicide Exchange. You can earn a lot, as you can loose everything.

Now for the white papper, the deadline will be the exchange's release, as of now, you are the winner, but please be more expressive, a paragraph may not be enough. I have to finish the wallet first, and then i will be able to turn back to the coin as the wallet is the main feature of the project.