It's the same for all altcoins.  The money supply for alts=BTC supply which is tiny compared to the fiat money supply.  Until altcoins can be traded without BTC (i.e. directly in and out of fiat) this problem will continue, whales will find it easy to manipulate the markets and generally any one coin's gain will be another's loss.  If the direct fiat trade issue could be solved whales will start to lose their power significantly.

So this is a strange one.

The coins I had in my wallet being staked are not there anymore. Not in my balance or my stake'd total?

Let's start by talking about this update.

We listened to all you had to say and tried our best to improve the current wallet and solve all the current bugs and glitches.

*Lot's of UI improvements, fonts more readable, visual glitches solved ui parts finished. Also a few network bugs were solved.
*An unlock button right in your Dashboard, just beside the stacking tutorial for new comers.
*A whole new Market Data tab with MintPal, Bittrex and Cryptsy integrated. You asked for Mintpal and an overview panel, you got it . This is in prevision of the next update built-in exchanger, I'll talk about that later in this post.
*A few IRC bugs solved, as you may have noticed the client was still in construction. No more points instead of spaces and a much better response time.
*And yes we also integrated the "Minimize to taskbar" button on top of the "Minimize to tray" since a lot of you complained about missing it.


Now let's talk about the roadmap.. Most of the time as you have seen in the past we prefer releasing than talking about it for days because announcing great features always bring haters, fudders, impatients and pumpers. But this time I'll let you know a bit more what the current plans are and what the future holds for Silkcoin.

Next Update :

Will be in ~10 days, we will integrate the exchange feature into the market tab and a trading bot is coming but it's not 100% sure it will be included in the next release with trading.
Due to a big community demand games will be integrated in the wallet, at first it will be a simple betting game but we plan to expand this area in the future.
Also a big rework is being done on the IRC tab. After the next update we'll start to have a decent wallet  .

The eco-system :

The release of the white paper is still planned for the end of the week so I will not talk a lot about it this time. If everything goes well we will start the beta phase about 2 weeks after the white paper, the beta should not last for long as the system is already very solid and we're constantly running tests.

For those of you who were criticizing the lack of information, I will still give you the same arguments : we started Silkcoin without talking about the eco-system and did not want to unveil it so soon because we knew without a white paper it would attract fudders & paranoïa. Also a lot of "secrets" are present in this white paper, we want to make sure we're advanced enough on the development side before making it public. But I reassure you, it's not quite finished I'm not making you wait .

Anyway it's been 1 month and 8 days, judge by what you seen. We're at the 5th update and our community is growing stronger everyday, the wallet is now far away from the others and even if you look at our clones they can't even hold the speed of our updates or worse can't even copy our existing features.

Dev Roadmap:

Here is the order of priority and how the most important events of silkcoin are supposed to happen in the next 30 days:

- First the release of the White Paper Friday.
- Followed by a big update including the built-in exchanger and first game
- Private beta for the eco-system will begin
- Then we'll launch the Multi-pool, we're already talking with a few pool managers who are interested in working with us, but we haven't decided yet; We may build it ourself.
- The launch of the Eco-system with social features and decentralized exchanger. For now this is planned in ~1 month, it can be faster but it can also be delayed.
- The launch of the decentralized marketplace, yes we reconsidered it and we will launch the marketplace with a trust system we'll explain later.

The rest of the roadmap is still uncertain regarding timeframes but will include for sure :

- 2FA authentification, our devs have already started the work on double signatures this is not going to be a very long dev so it may come as a surprise feature .
- Blockchain games in the wallet, followed by network games (all betting games, first game will be introduced next release).
- Anon, I would prefer not to talk a lot about it but we've been working for quite a long time now on Zerocoin implementation, it's not finished at all but yet shows promise since we thought it would've been impossible to integrate but we got back on it and found some interesting solutions.. We find most of the other alternatives (the one we can apply like darksend) not interesting.
Once again most of the time I prefer avoiding the subject because it atracts and feeds fudders and also because this is not the main feature, the eco-system is.
- A few other functions for the eco-system we currently looking what we could do without bloating the blockchain. You'll understand soon why we have endless possibilities when you read the white paper .

Well now you know what to expect.

Enjoy the new version, enjoy Silkcoin and good trades to you !

See you Friday for the white paper  

Ps : I'm updating all links with the new wallet

https://www.badass.sx/silkcoin-new-coin-defeat-bitcoin/

Wrote an article about SC.

Was looking at doing pay out for Silkcoin on Hash cows though am I better to accumulate others coins, sell on the exchange then maybe buy Silkcoin with it.
Can't work out the difference between the two. 

Any thoughts welcome.

Thanks.

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Anyone care to answer my question is this lovely community.