Topic: [ ANN ] SAT² - A new dawn - PoS - No Premine - page 22. (Read 133148 times)

It means my 70000 coins are dead now? I worked hard for them doing so many tasks.

Great to hear that! The "slow startup" was only reported by 2 of the testers, for everyone else it worked very fast too, so it could've just been that the slow start issue was only happening for those 2 specific people. We are looking for more feedback on this - if some other Mac users can let us know whether the application loads fast or not, that would be great.

Ah yes, I see what you mean. I'm passing this on to our web devs and will make sure they get this fixed. Thanks for the feedback!

Did you read https://bitcointalksearch.org/topic/m.7623804 ?

This has been covered extensively, but I'll cover this once more:

1. first of all we are still busy with the conversion of SAT->SAT² - by the sound of it you probably don't have a good understanding of how much time something like this takes.

2. Secondly, it is in general not possible to provide a detailed roadmap without specifying in some detail what we're working on. Look at basically any innovative company. Do you think that whenever they have an innovative idea, they will announce it before they can actually bring it to the market? Of course not. Why? Because it would allow any of their competitors to run off with the idea. They will first make sure that they are in the position where they can be the first to introduce it in the market. This is no different for coin development. It would not make any sense to give competitors a headstart.


Right. So, apparently you are under the impression that we just spent a lot of time writing the codebase (if you think this is not a lot of work, I'd suggest you go ahead and try it out yourself), and handling the transition (which is also a lot of work in terms of managing everything), only to let things bleed out? That wouldn't make any sense whatsoever. What exactly would be the point of the fact that we have spent all this time and effort if we did not have future plans?


Perhaps this would make sense if first the price would have been driven up and we'd now be in the position where we're trying to convince people to keep buying in at a much higher price. But the exact opposite is true. So what "pumping" are you referring to? You're not making a lot of sense here.

Anyway, if you don't want to support us, that's fine. Nobody is making you. But honestly, the fact that you are spending time on writing such posts isn't exactly productive. If there would be any valid reason to believe that we artificially inflated the price, then perhaps there would be reason for doubt, but that's not quite the case here.

DON'T GET MAD SLEEPY HEAD, ALL IS NOT LOST BUT ACT NOW

ehh right? I guess coinwarz missed the boat along with that 896.49 MH/s of people still hashing SAT out, as of today. They haven't even flagged it yet. It was ok addition to the multipools, but who follows just one altcoin?  I would have tried to convert over if provided more options. However, as a result of circumstances, I think I'm done with SAT. Goodluck with the second release. FYI, to those that haven't exchanged your coins yet. I found you can still convert your coins over on https://comkort.com/ to BTC/LTC/DOGE. Of course, they aren't worth anything now

I'm curious then, which coin do you consider so superior?  Nearly every coin, with the exception of maybe BTC goes through these same growing pains.  No coin is immune to pump and dumpers, so you are always taking that risk as an investor.   

yes yes be patient bla bla bla, always same story in shit coins topic.The real is Be patient and be a bag holder of pumpers.

I know sat coin since day one. dev changed and always says we are working.How many month has passed since dev had changed? And what have they done?

cut total supply first then change to sad2 sorry sat2

Is there any road map or clue for future? no!

"just be patient and you cant be rich at one night" go and search this sentence i am sure u can find it in every shit coin topic.

if u are really working hard why dont u explain us sat2 road map??

It can't be too late given that some are still mining the old SAT

SAT->SAT² conversion, phase 2

For those who missed the conversion we are providing an option to get your old SAT coins converted to SAT² coins individually. This works as follows:

1. Send us a private message (here, on BitCoinTalk), with the following information:
  A. The number of SAT coins you are looking to convert
  B. Your SAT² address where you'd like to receive the new SAT² coins
IMPORTANT NOTE: keep in mind that you have to create your SAT² address in the new SAT² wallet, so NOT in the old SAT wallet. We will be sending your SAT² coins to the exact address that you provide us, so if you send us an address that you can't access on the SAT² blockchain, then your coins will be lost.

2. We will provide you a unique SAT address (on the old blockchain) where you can send your existing SAT coins.

3. Once your coins are received at the SAT address that we have provided you (which you can confirm at http://213.179.192.62/chain/Saturncoin), then send us a response to the private message to let us know. We will then manually confirm that the funds were received OK, and then pay out the SAT² coins (which is the number of SAT coins you sent us, divided by 1000) to the SAT² wallet address that you specified.

NOTE: please be patient while waiting for a response. We strive to handle all requests quickly but we can not always respond instantly.
NOTE2: we will only be able to handle conversion requests for a limited time, so do not wait too long. At a certain point we will simply need to stop supporting the old blockchain.

For the dev: The Windows wallet download link on http://saturn2.co.in/ doesn't work in Firefox (but works fine in Chrome)

Solid advice. There will always be people who are hoping to get rich overnight, whom get impatient if anything does not produce an immediate result. While it's very noble to try and give such people a reality check, you should probably generally just ignore it. Afterall; those who don't look at the bigger picture and sell their coins because of impatience, are those who allow smart investors to get in cheap for the long haul.

Without disclosing too many details yet, what I can say is that the SAT² team consists primarily out of seasoned entrepreneurs who have extensive experience in the field of launching and managing tech companies. This is something that some of you already seem to have noticed by the approach we have been taking. With that said, please be mindful of the fact that the approach we have been taking, and will also be taking at any point in the future, is based on the idea that we like to have a reasonable certainty that we can deliver what we promise. We have zero intentions of hyping developments or partnerships of which we have no idea whether we can make them happen (unlike many other coins, which often like to hype things just for the sake of hype). This is also very much reputation related: by being fully transparent and by delivering what we promise, we strive to get continously closer to the point where SAT² is considered a currency that you can actually rely on. Because for the long haul, trust is all that matters: no economy can even exist without it.

same thing happend with blitzcoin, if you missed the conversion, devs gave converted it for you later, hope they will do the same and communicate it somehow, for example here

Exactly. And it's also a self fulfilling prophecy. Look at just about any coin that announces news (price goes up) and then releases news (people start dumping just before the news even gets released). It's how crypto markets work. People think others will dump, so they dump first and it's basically a chain reaction. This happens with just about every crypto currency, and this behavior has little to nothing to do with the coin itself. Honestly even if a coin would publish news about having the biggest scientific breakthrough in history, the same thing would still happen.

Looking at the current market price, there really isn't anything unusual, it's typical market bahavior. We have rolled out the new blockchain, the launch was as smooth as launches can be (this is also typical.. when devs mess up their launch everyone's screaming, when devs do it perfectly you hear next to nothing). The transition at the exchanges has also been very smooth. In other words, everything so far has been done perfectly. With that said, our advice to anyone who's interested in the long haul (yes, this means YOU - most impatient traders do not take the effort to read this) is to make your own judgement of the potential rather than only looking at market graphs alone. The reasoning is quite simple: where do you think this is going after we have spent a lot of time and effort to move over to a solid codebase, while having provided full transparency? Ignore the poor impatient souls and look at the bigger picture

As said, this is only the beginning. Rome wasn't built in a day. The first step is to establish a solid foundation to build off of - and the switch to SAT² is doing exactly that. We are not a coin that's interested in a quick rise and fall. We are building this up step by step with the intention of actually getting somewhere. Any coin that emerges out of nowhere and skyrockets without apparent reason, usually isn't something that's intended to last. We are quite the opposite. Our vision is that in the long run, only a handful of crypto currencies will last, and we have every intention of providing the innovation it takes to be part of that. Speaking of potential in terms of market value: can you imagine what will happen when all the money that's currently dispersed across many hundreds of altcoins would be concentrated into the select few coins that will actually last? That's exactly where our ambitions are at.

We would like to give a huge shout out to all of our supporters: thank you very much! Your support and encouraging words mean a lot to us. While we can't answer "thank you" to every individual post, just know that your words do not go unnoticed. Many people don't seem to realize that we, the developers, are also just part of the community as much as everyone else (it's not like the devs have any more incentive than the community in general). Any development that gets done does not benefit that particular developer alone, but the community as a whole. With that said: don't underestimate how valuable your support is!

SAT1 was going for between 3-5 satoshi, peaking at 6 satoshi briefly on Mintpal right before the switchover this weekend. 
The conversion rate was 1000:1, so SAT2 should be worth 3k to 5k satoshi base right after the switch, which it was.

Seriously have a little bit of patience people.  Unless you can't afford to lose another penny, it's stupid to jump ship now before the devs announce the rest of their plans for the coin.  You may end up missing the boat to Saturn.

Sorry but you missed the boat, although quite how, I don't understand.  There was like one date that you had to remember or you could have just left your SAT on one of the exchanges and you wouldn't have to do anything.  Ask the devs if they can help but I think it's too late now.

OSX 10.9.3 here and I can report it is working fine.  No slow startup - is actually quicker than most other wallets and syncs up fine.  No crashes so far either.

There was only 1 day to convert over to SAT2? Is there no other way to convert my old SAT?

0 - lol just joking.  It needs time and also some further development to make a solid base.