To be honest, real disapointment in this project. To long development cycle for cryptocoin. Devs had to make something prior to ICO, then make announcement. Sadly, sadly!
Btw, I don't want cheap coins and I haven't sold even a single SMAC.
Topic: [ANN] SMAC - Accounts have been suspended project closed - page 35. (Read 65845 times)
i am not able to download the windows walllet from the website.. help please
The download works. Try a different browser.
As no news coming, dumping starts soon. At least the staking logic should be fixed immediately, it's already taking too long. Waiting in crypto couple of days is like infinity. 
Thanks for the dump.
As no news coming, dumping starts soon. At least the staking logic should be fixed immediately, it's already taking too long. Waiting in crypto couple of days is like infinity.
i am not able to download the windows walllet from the website.. help please
I don't understand the supposed bug enough to know if it harm me or not.
All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
Over the last couple of days I've only received about 40% of what I should get. So it is definitely there.
I'm wondering if there will be somekind of buyback program? If the coin is getting cheaper and cheaper then it make sense for DEV to use some money. Maybe launch some great news and it jump to the moon. Look at GSM, jump by 800%.
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
First buyback is scheduled for April 27th according to twitter:
https://twitter.com/SMACteam/status/575793388127019008?lang=en-gb
I like the buyback program, but in altcoin world 27th of April is a long time. On twitter they are talking about accounts that 500k followers etc, but i don't see any prove. It would be nice that they can post some prove of it. Everybody can say, now we bought account worth of .... but where are the proves? If they post proves then i'm pretty sure that this coin will not trade at 8k sats but at 800k sats. Now it is just wording, a screenshot doesn't take too much, no?
As they said in the newsletter, proof will result in trolls getting the accounts banned on twitter.
I'm wondering if there will be somekind of buyback program? If the coin is getting cheaper and cheaper then it make sense for DEV to use some money. Maybe launch some great news and it jump to the moon. Look at GSM, jump by 800%.
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
First buyback is scheduled for April 27th according to twitter:
https://twitter.com/SMACteam/status/575793388127019008?lang=en-gb
I like the buyback program, but in altcoin world 27th of April is a long time. On twitter they are talking about accounts that 500k followers etc, but i don't see any prove. It would be nice that they can post some prove of it. Everybody can say, now we bought account worth of .... but where are the proves? If they post proves then i'm pretty sure that this coin will not trade at 8k sats but at 800k sats. Now it is just wording, a screenshot doesn't take too much, no?
I don't understand the supposed bug enough to know if it harm me or not.
All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
Short version:All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
If you have more than 253 SMAC in one stake (also happens with less SMAC if the coinage is > min coinage required for staking) you hit a buffer overflow in PoS reward calculation which results in a way too low reward. Since nStakeCombineThreshold is set to 1000, splitting coins into smaller transactions when sending them to your wallet doesn't help - those transactions would be added up when creating stakes due to that threshold.
I don't understand the supposed bug enough to know if it harm me or not.
All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
All can I say is since March 10th I receive about a number really close to 1% of interest per day for staking.
The wallet connects sync fast and run it since 11 days with no problem.
So where's the bug?
I wrote some lines with boxxa earlier.
The fix is being worked on, expect news soon.
The fix is being worked on, expect news soon.
Any updates on expected fix? I have been staking coins for 10 days and haven't received shit for staking 26K coins. (received 200 coins in 10 days) Could of and should of have dumped and re-bought for well over the 200 coins I made staking.
I hope SMAC will do a GSM 
I'm wondering if there will be somekind of buyback program? If the coin is getting cheaper and cheaper then it make sense for DEV to use some money. Maybe launch some great news and it jump to the moon. Look at GSM, jump by 800%.
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
First buyback is scheduled for April 27th according to twitter:
https://twitter.com/SMACteam/status/575793388127019008?lang=en-gb
I'm wondering if there will be somekind of buyback program? If the coin is getting cheaper and cheaper then it make sense for DEV to use some money. Maybe launch some great news and it jump to the moon. Look at GSM, jump by 800%.
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
Everything is in the hands of DEV. What will he do with all those BTCs, how long will he allow his coin to drop. Will he not start buying?
Newsletter looks great! Thanks for the updates!!
Edit to add:
In case some of you don't "get it" as far as why many of us are excited about this coin, let me summarize in as few words as possible (and please someone jump in if I am getting anything wrong here....)
If the social media accounts start bringing in money (which presumably they will since these guys seem to know what they are doing), some of that money will go towards buying coins off the market which will raise the value of the remaining coins, and some of that money will go towards buying more social media accounts which will bring in more money, which will be used to buy coins off the market as well as more social media accounts which will bring in more money, and so on.
That's not to mention the exciting possibility that SMAC will be used as one of if not THE currency for the social media advertising industry, which of course the dev team is trying to make happen.
GET IT!!??
translation....HOLD YOUR DAMN COINS PEOPLE UNLESS YOU HATE MONEY!!
Edit to add:
In case some of you don't "get it" as far as why many of us are excited about this coin, let me summarize in as few words as possible (and please someone jump in if I am getting anything wrong here....)
If the social media accounts start bringing in money (which presumably they will since these guys seem to know what they are doing), some of that money will go towards buying coins off the market which will raise the value of the remaining coins, and some of that money will go towards buying more social media accounts which will bring in more money, which will be used to buy coins off the market as well as more social media accounts which will bring in more money, and so on.
That's not to mention the exciting possibility that SMAC will be used as one of if not THE currency for the social media advertising industry, which of course the dev team is trying to make happen.
GET IT!!??
translation....HOLD YOUR DAMN COINS PEOPLE UNLESS YOU HATE MONEY!!
How can there be a buffer overflow? 64 bit integer max val is 9223372036854775807.
Or is there any other function overflowing this stack position? i must writing on the most significant bit hens the negative number.
Or is there any other function overflowing this stack position? i must writing on the most significant bit hens the negative number.
The result of nCoinAge * nRewardCoinYear for 300 coins is 10950000000000000000 (or higher depending on coinage). Buffer overflow.
Ah, i never did the math
sorry
update: weekly newsletter, https://mega.co.nz/#!gQ4kVAiA!BoU-FUZ80gtNq0NJKBhGkz10vZ6gRE_28HdI9BJ8Hyw
So anyway, there's a buffer overflow in the Proof of Stake implementation which I've mentioned before but I guess I'm getting ignored. This basically means if you are staking a block of 253 or more coins, you won't receive a full Proof of Stake payout based on 365% interest.
Here's some simulation code based on staking 300 coins.
So that is a buffer overflow.
Result is:
nSubsidy = -205390248
Actual result should be:
nSubsidy = 300000000
Or 3 SMAC.
So if you can find a block which has paid out more than 3 SMAC in Proof of Stake interest during the 365% interest period, you can prove me wrong. Well to be exact, if you can find a PoS payment of more than 2.53 SMAC during the 365% interest period, you can prove me wrong.
The worst case scenario is for people staking more. I feel bad for those people as their investment isn't fully paying out. For example with 3000 SMAC, staking for 1 day you should receive 30 SMAC. For 30000 SMAC, staking for 1 day you should receive 300 SMAC.... So yes, 1% per day since minimum stake age is 1 day.
Here's some simulation code based on staking 300 coins.
Code:
#include
#include
int main(void) {
// SMAC
int64_t nDays = 1;
int64_t nCoins = 300;
int64_t CENT = 1000000;
int64_t COIN = 100000000;
int64_t MAX_MINT_PROOF_OF_STAKE = 1 * CENT;
int64_t nRewardCoinYear = 365 * MAX_MINT_PROOF_OF_STAKE; // Month 1 - 365% interest
int64_t nCoinAge = nDays * nCoins * COIN;
int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN; // SMAC code
printf("nSubsidy= %lld\n", nSubsidy);
}
So that is a buffer overflow.
Result is:
nSubsidy = -205390248
Actual result should be:
nSubsidy = 300000000
Or 3 SMAC.
So if you can find a block which has paid out more than 3 SMAC in Proof of Stake interest during the 365% interest period, you can prove me wrong. Well to be exact, if you can find a PoS payment of more than 2.53 SMAC during the 365% interest period, you can prove me wrong.
The worst case scenario is for people staking more. I feel bad for those people as their investment isn't fully paying out. For example with 3000 SMAC, staking for 1 day you should receive 30 SMAC. For 30000 SMAC, staking for 1 day you should receive 300 SMAC.... So yes, 1% per day since minimum stake age is 1 day.
Even simpler, only change one line of code:
Instead of
Code:
int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN; // SMAC code
do
Code:
int64_t nSubsidy = (nCoinAge/COIN) * (RewardCoinYear / 365); // SMAC code
C++ isn't exactly my area of expertise so if someone with that expertise is reading this: Please verify!
(I can't imagine why those brackets wouldn't be calculated first though)
A single PoS block minting 365 coins is rare with our small supply but obviously we will implement the fix. Changes like this submitted with a fix are rewarded from the buy back fund as outlined in the ANN for contributions which is why the code fix is being paid.
Well if that's the policy fair enough. Might be a good idea to allow additional donations to the fund to ensure there is always enough to pay out.
I also think it might be useful to reward people separately for pointing out errors and providing fixes.
This would encourage full transparency as some errors may take time to be fixed but that should not act as a barrier to them being sought out and reported.
+1
Otherwise people might refrain from reporting bugs until they have fixed it on their own - which might take longer than it would take if they reported it at once.
Exactly:)
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