Re: [ANN] Slimcoin : Proof of Burn NEW BLOCK GEN, Mineable by low power computer!
I noticed you guys got a mention on CryptoPromote .... If you want, I can look into doing an article on the coin for CryptoArticles.com?
Just PM me with the most important details (except what's in the OP of course) and I'll get it done somewhere this week....
Just PM me with the most important details (except what's in the OP of course) and I'll get it done somewhere this week....
This might be some good material to help shape your article:
I hope the dev has not left. Nothing that the developer of course does not know already. But this coin is just an absolutely wonderful idea that can start a new breed of coins.
Just some thoughts, i hope i didn't get them wrong
- Proof of Burn
- Technological independence
- Mining with almost any hardware with the same possibilities as those with advanced one
- More spreaded
- More fair
- Many different hardware configurations could be used for maximum spread and adoption
- Mobile phones
- Router
- TV
- Your PC
- whatever
- Asic resistant
- Money normally invested on Asics goes directed to the slimcoin economy instead of leaving crypto economy. Can you imagine bitcoin without price selling 3600 coins every day to feed miners?
- No need to wait for asic orders to manufacturers (no scams, no delays)
- The equipment manufacturers are not on a single country with monopoly on chips (it gives resistance to technology industry manufacturers centralization attacks)
- Pool resistant, although there can be POW pools they will never get a 51% of the network
- Easy to calculate the ROI of your "POB mining operation" just knowing the total amount of burned coins at the moment and your share of those. You can just burn a few more if needed instantly. No need to montly plans with preorders (available to everyone and easy)
- Solves the limited number of node problem bitcoin suffers, because everybody can have its own farming factory on its pc, or in its mobile and it is incentivized.
- Energy independence (no need for a huge industrial area to setup your mining farm, just your wallet is needed)
- The network can be spreaded all over the world, not just on zones with cheap electricity (it gives resistance to cheapest electricity centralization attacks & it also gives maximum and fair node spread)
- Ecological
- It could be the coin for the "Internet of things" where the blockchain trust technology could be adopted for any device, your fridge, your mobile, etc.
- Proof of Burn shows the path for other ideas like "investment" possiblities on the same wallet. You just burn and you get some ROI attached to the same mining protocol. Maybe even a lend/borrowing model could be added?
- Maybe even the proof of burn could be used to add anonimity. You have a second button on your wallet "anonimize". and you press it and enter the number of coins to anonimize, those get burned and you receive in a totally different address on the same wallet, other burned coins. After all there is a huge repository of burned coins (well disregard if it does not make too much sense)
Really really interesting coin,
Please developer continue with this one, it is just an awesome idea.
Just some thoughts, i hope i didn't get them wrong
- Proof of Burn
- Technological independence
- Mining with almost any hardware with the same possibilities as those with advanced one
- More spreaded
- More fair
- Many different hardware configurations could be used for maximum spread and adoption
- Mobile phones
- Router
- TV
- Your PC
- whatever
- Asic resistant
- Money normally invested on Asics goes directed to the slimcoin economy instead of leaving crypto economy. Can you imagine bitcoin without price selling 3600 coins every day to feed miners?
- No need to wait for asic orders to manufacturers (no scams, no delays)
- The equipment manufacturers are not on a single country with monopoly on chips (it gives resistance to technology industry manufacturers centralization attacks)
- Pool resistant, although there can be POW pools they will never get a 51% of the network
- Easy to calculate the ROI of your "POB mining operation" just knowing the total amount of burned coins at the moment and your share of those. You can just burn a few more if needed instantly. No need to montly plans with preorders (available to everyone and easy)
- Solves the limited number of node problem bitcoin suffers, because everybody can have its own farming factory on its pc, or in its mobile and it is incentivized.
- Energy independence (no need for a huge industrial area to setup your mining farm, just your wallet is needed)
- The network can be spreaded all over the world, not just on zones with cheap electricity (it gives resistance to cheapest electricity centralization attacks & it also gives maximum and fair node spread)
- Ecological
- It could be the coin for the "Internet of things" where the blockchain trust technology could be adopted for any device, your fridge, your mobile, etc.
- Proof of Burn shows the path for other ideas like "investment" possiblities on the same wallet. You just burn and you get some ROI attached to the same mining protocol. Maybe even a lend/borrowing model could be added?
- Maybe even the proof of burn could be used to add anonimity. You have a second button on your wallet "anonimize". and you press it and enter the number of coins to anonimize, those get burned and you receive in a totally different address on the same wallet, other burned coins. After all there is a huge repository of burned coins (well disregard if it does not make too much sense)
Really really interesting coin,
Please developer continue with this one, it is just an awesome idea.