Search content
Sort by

Showing 14 of 14 results by BitcoinKiosk
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 12 hours !
by
BitcoinKiosk
on 10/06/2014, 08:17:04 UTC
SilkCoin under 2500 SAT you will not get, because is very popular coin and everybody discover it,now it s starting the second stage of POW, but don't forget the blocks are 2500 coins and the ASIC for Scrypt are now available and they rent also big Rigs for mining the coin and the difficulty will be 10 times bigger than the first stage of POW. The coin is reasing on MINTPAL top and this is another reason for it s growing and next Monday is possible to be on Mintpal. If Dev will introduce the 2FA in the wallet, the coin will blow off in a good way

2fa in wallet for security would largely be a promotional tactic
It would be more practical to have a pin# (like mycelium has) to add protection to the wallet(this adds central server dependability, but so does authy /2fa)

If not for promotional headways, i would focus dev on more important wallet additions.  
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 2 days
by
BitcoinKiosk
on 08/06/2014, 18:24:00 UTC
Any publicity is good publicity if the coin checks out, and it checks out with me. Let the trolls talk they are actually helping with publicity and they don't even know it.

The premine. Drk had a huge premine/instamine. Did it stop investors from buying? (I pass judgement with my wallet and Im looking to continue buying).

I hope ppl are right about the 2nd pow having a price drop. I sold and im regretting it, I have a problem with selling too soon.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 3 days
by
BitcoinKiosk
on 08/06/2014, 06:04:01 UTC
Holding. Like others have said, the price is a bargain right now. If we do get a small pullback from miners dumping I will pick up evenmore.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 5 days
by
BitcoinKiosk
on 08/06/2014, 01:55:54 UTC
Quote
And by the way, reading all your messages about the marketplace : current point of view of the dev team is that this is just too risky. Imagine a decentalized maketplace, I would not say it is worse or better than silkroad, but one thing is for sure : it will we targeted and shutdown, look at Coinye and this is only kanye west... It may be reconsidered in the future, but for now we'll release the social network & exchange first and we're currently focused on that.

It's only risky if you are doing something illegal. Silkcoin should be completely legal items only.

 I cant wait to beta test the new pathroads taken with the blockchain development social exchange and beyond.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 5 days
by
BitcoinKiosk
on 07/06/2014, 05:02:06 UTC

wow please stop spamming other coins' threads. where's the honor in that?

I'm pretty sure he is hinting at suggesting to the silkcoin devs that they should consider using honorcoin as an option for promoting the silkcoin as being anon. They can do this without taking resources away from pirority development. that is if this turns out to be worthwhile(honorcoin anon airdrop).


Quote
Silkcoins are generated via two different ways.
1. Mining: this is when your computer or machine generate "Proof of Work" (POW) blocks similar to Bitcoin.
2. Staking: this is when the coins in your wallet generate "Proof of Stake" (POS) blocks.

Let me explain "Proof Of Stake" in more detail:

Your coins have what we call coin-age.
They start gaining age if they stay in your wallet for 12 hours. Your stake weight is the accumulated age of the coins you have.
Before those 12 hours, coins don't get age so you won't be able to hit a Stake Block.
Your coins always gain coin-age even if your wallet is closed, but to hit a Stake Block you need to have your wallet open.
To see how much time is needed to hit a Stake Block just hover your cursor over the lightning icon in the wallet: it will tell you the expected time.
But beware, like POW blocks, the chance of hitting a POS block is a bit random so expected time may be lower or higher.

This is when your coin-age is important. The more accumulated coin-age you have, the higher the chance of hitting a Stake Block.
Once you hit this block and gain interest, coins that have been used have their coin-age reset: they are moved to "stake" and blocked (you can't use them) for 350 blocks.

Interest is fixed at 2% per year, but since coins start gaining age 12 hours after creation, with compound interest this percentage turns out to be much higher.

Some options available to handle day to day staking:

In settings->options you can set Reserve balance (it's the amount you don't want to stake)
In settings->options->display you can tick coin control, so you can control which coin you send (don't send old coins)
If you encrypted your wallet, you can unlock it in settings. There is an option to unlock only for the purpose of staking.

Nice contribution. Easier to read for me.

13 on mintpal its moving up fast
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 5 days
by
BitcoinKiosk
on 06/06/2014, 23:07:15 UTC
Quote
Lets see, current rate is 2000 satoshi each. 10x would be 20k satoshi each or 0.0002 each. That would put it in a marketcap of 3.5 million. It would rank 17th, just behind quark, vertcoin and XC. This doesn't seem unreasonable. But lets be conservative and say 5x, that would put us at $1.75 million. That would put us at 24th place, just behind Maxcoin, Megacoin and InfiniteCoin. I see Silkcoin to be more innovtive than these coins and a 5x increase seems very resonable. A 10x increase would completely depend on the eco-system and its real world utility which is still a complete unknown.

I am optimistic ofcourse that if the dev's follow through with their roadmap then we are going up in terms of bitcoin by multiples, the amount of multiples is anyones guess.

Now, we would go straight to the top 10 if the devs implement the marketplace which allows the free selling of anything. This alone would create a lot of buzz and media attention. People using blackmarkets in TOR would flock to the silkcoin marketplace. Actually I would love if their would be a community driven voting system where certain types of goods could be voted to be taken off the market. In other words the community decides what is allowed or not allowed to be sold on the marketplace. This would remove the developers responsibility to flag certain goods and put it into the communities hands.

Also think of the implications of just selling everyday goods on the marketplace instead of ebay, no more 10% fees per item and little to no more listing restrictions. A marketplace owned by all of us.

The OpenBazzar project (AKA darkmarket) has seen a lot of media attention and buzz already just imagine if the eco-system beats them too it, silkcoin would become a household name.

So when you say 10x is highly unlikely it should be rephrased to a "complete unknown", as you are just judging from your previous trade experiences. The reality is the market does not know or has decided what the value of silkcoin will be with these never before seen innovations.

(Note: I am a fan of Terrence Mckenna and a lot of his philosophy on certain mind altering substances, It is not as simple as "drugs are bad Mmmmkayyy", i'll just leave it at that)
 https://www.youtube.com/results?search_query=Terrence+Mckenna

The "silkcoin marketplace" <-- doesn't that look and sound perfect? If more developers get envolved to work exclusively on the eco-system/marketplace it could rival the bazaar or integrate the bazaar into the wallet. No one knows what will work best, but this could end up inspiring new projects or becoming a huge project in itself. A 3.5mil market cap will change everything and this will start looking like BC development with that level of investment money flowing in. -Wont you be glad you held your coins then?

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 5 days
by
BitcoinKiosk
on 06/06/2014, 00:19:52 UTC
The genius of a second pow session. Mining can be used as advertising and distribution(scrypt is still heavily used and ppl don't change quickly) . Once we go pow again many new eyes will see Silkcoin and try out the wallet(then they become investors). Keep adding kindel and the fire will eventually turn into a blaze.
Post
Topic
Board Altcoin Discussion
Re: Win an Oculus Rift with SilkCoin & Poloniex!
by
BitcoinKiosk
on 05/06/2014, 22:37:19 UTC
Great new wallet release. Great promotional ideal. I like my chances to win the Oculus Rift also.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | New Wallet | - HARD FORK MANDATORY UPDATE - | POW in 5 days
by
BitcoinKiosk
on 05/06/2014, 21:12:00 UTC
no... stop too much innovation!!

The wallet is amazing. no borders, very clean front(i liked borders in the last wallet though). I will miss the old wallet, they are both pieces of work.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | PoW/PoS | Redesigned GUI & Wallet | Full Time Devs
by
BitcoinKiosk
on 05/06/2014, 08:28:39 UTC
some of those coins up higher on mintpal are never going to be added like "GPU Coin" so SC is closer to the top than it appears. two votes for me and ill vote everytime i visit back
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SilkCoin | PoW/PoS | Redesigned GUI & Wallet | Full Time Devs
by
BitcoinKiosk
on 05/06/2014, 06:16:12 UTC
I just bought some slikcoins after watching it off and on from the getgo. Looks like a good entry and a fun week ahead.

Once people use this wallet they wont want to go back. It will become delfacto. Like another post said, it feels like im getting in early on something that others haven't discovered yet. the devs have proven that they are skilled at coding and design. If they can continue adding to the wallet.. its only a matter of time before it catches on. I feel like i haven't bought enough, but i always pace my buys.
Post
Topic
Board Pools (Altcoins)
Re: [ANN][MULTI][VARDIFF] Pool|TradeMyBit - 0.5% Prop/Profit Swap/Auto-Exch
by
BitcoinKiosk
on 29/05/2014, 04:57:18 UTC
I was wanting to ask.. when are we getting x13 multiport.. I looked up and it was there  Grin
Post
Topic
Board Pools (Altcoins)
Re: [ANN][MULTI][VARDIFF] Pool|TradeMyBit - 0.5% Prop/Profit Swap/Auto-Exch
by
BitcoinKiosk
on 29/05/2014, 01:52:45 UTC
just to add some info here so that we can be as informed as possible.
bitcoinx(btcx) is 50% premined, we are just cashing out every 24 hours so we are relatively safe, but I expect the value to plummet at some point
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCX]bitcoinx11[X11]7day POW[6.66%POS]
by
BitcoinKiosk
on 28/05/2014, 19:42:36 UTC
im not buying until i have all the information. blockexplorer or premine notation. i can careless about the logo. and why 20,000,000 and not 21,000,000 - thats wacky, but not a reason to shun.
im mining for now, could be a late bloomer

any x11 coin is hot right now and gets notice