Quote from: d5000 on December 11, 2019, 11:43:49 PM

What about the following formulation: "that by the recent estimates provides up to 39% of yearly SLM returns" (instead of "yearly profit")?

Sounds good too me, edited!

Quote from: d5000 on December 11, 2019, 11:43:49 PM

Yep, PoS is at 10%:

Code:

int64 nRewardCoinYear = nTime > POB_POS_TARGET_SWITCH_TIME ? (10 * CENT) : CENT;

(CENT is 0.01 SLM, so an 1-year-old 1 SLM utxo gets 0.10 SLM, or 10% of its value.)

I however have a bit a hard time to promote that because I consider that value relatively high, and I would like to see it lowered in a future hard fork. For now, a hard fork is obviously very difficult, but if we progress with the new Peercoin code implementation somewhen, then a HF will eventually become mandatory. It's obviously up to the community to decide a new PoS reward. And the high PoS rewards are surely a feature that can attract new users now. But if we change that in the future, they would surely feel cheated.

In such case we'd better not mention the PoS profit we have, I think our main goal is to promote PoB, as it's the unique feature of SLM.

I'll publish the final version of announcement in few hours here to see whether I've been able to understand and consider all the suggestions. I think we need to send it to Freiexchange soon.

Update: I've got a very busy day so I was not able to work on the text. If someone has time to summarize what we've said so far that would be great, if not I'll try to put my hands on this during the next 24 hours.

Update 2019-12-13: I've edited our advertising announcement and here is the result I've got:
"Officially announced on May 17th, 2014 and fairly launched 4 days later Slimcoin is one of the few truly decentralized coins around, so whoever can join and contribute to its development and will be accepted as equal by the other contributors on the basis of his abilities and dedication. Its Proof-of-Burn (or virtual mining) algorithm, that by the recent estimates provides up to 30% of yearly SLM returns, grants to everybody the possibility to mine coins without any specific hardware and with a minimal computing power employed. It also contributes to a balanced power structure without an almighty elite and to a clean environment for the future generations. The economic model that is behind the Proof-of-Burn mechanism is not within the get-rich-fast logic, but rewards long-term involvement. So Slimcoin has a potential to shine should the traditional coins markets become saturated. Along with a unique mining mechanism, Slimcoin offers the ASICs resistant CPU mining algorithm dcypt and PoS. The community is active on Discord and Bitcointalk."

Please let me know if it's ok or whether there is something to change.

@eddycurrent: I've taken into consideration your suggestion to change "mining" into "minting" in the text but I'm not able to establish where it would be more appropriate.
We have the following expression with the word "mining" in our text: "virtual mining", "the possibility to mine coins", "unique mining mechanism" and "ASICs resistant CPU mining algorithm dcypt".
The first 3 expressions are about PoB. Is PoB to be considered as minting instead of mining?
The last one is about CPU mining, so I wouldn't change it.