9800 BTC, oh, awesome, good luck man, I will be not in.. 
Actually, 10000btc, 200btc has been sold at 15th July.
Did you mean 200BTC have already been invested into this coin ?
Topic: [ANN] Storjcoin X (SJCX) - A Coin for Decentralized Cloud Storage - page 43. (Read 400953 times)
July 21, 2014, 07:00:50 AM
Actually, 10000btc, 200btc has been sold at 15th July.
Did you mean 200BTC have already been invested into this coin ?
July 21, 2014, 06:55:44 AM
9800 BTC, oh, awesome, good luck man, I will be not in..
Actually, 10000btc, 200btc has been sold at 15th July.
July 21, 2014, 06:53:28 AM
When it will be launched?
July 21, 2014, 03:23:14 AM
Please tell me specifically, how many BTC is you need? If it is not 9800.
Otherwise, this is the second SWARM.
Otherwise, this is the second SWARM.
July 21, 2014, 01:43:17 AM
I'd also like to address one specific misconception. You will only be able to early mine if you contribute to the crowdsale, period. You can download the software it just won't work. The 70% of coins are going to be all distributed through early mining or through crowdsales. The coins will be distributed based on the amount you contribute to the crowdsale.
Bitcoin is a deflationary currency only by name, we are still getting to 21 million. Storjcoin is more concerned with distributing the coins as fast as possible as long as they add to the value of the network.
So the notation that the devs are just hoarding the coins are just wrong. We establish the premise that the coins are valuable, and the must be spend deliberately and carefully, but in all ways that give either the platform the resources to build(crowdsales) protocols or apps, or seed the network with computational/hard drive resources(early mining/farming).
tl;dr You will only be able to early mine if you contribute to the crowdsale, period. It will be directly based on how much you contribute to the crowdsale.
Bitcoin is a deflationary currency only by name, we are still getting to 21 million. Storjcoin is more concerned with distributing the coins as fast as possible as long as they add to the value of the network.
So the notation that the devs are just hoarding the coins are just wrong. We establish the premise that the coins are valuable, and the must be spend deliberately and carefully, but in all ways that give either the platform the resources to build(crowdsales) protocols or apps, or seed the network with computational/hard drive resources(early mining/farming).
tl;dr You will only be able to early mine if you contribute to the crowdsale, period. It will be directly based on how much you contribute to the crowdsale.
July 21, 2014, 01:35:38 AM
Will the farming rewards be based on a pos kind of reward system or is this irrelevant?
If it is the latter then the incentive to invest more is not applicable if one could mine as many while holding 1 sjcx vs someone who has invested more
Also if there was never any intention to hit the 9800 btc target a time based crowd sale would have been a better option, IMHO.. Just like what counterparty did
Cheers
So now that the crowdsale is not as crazy we are going to be drafting and releasing a plan for that. It was never our intention to hit the 9800 mark. The idea is to make that available first, and then take the leftover to distributed through early mining, and future crowdsales for new Storj platforms(decentralized Youtube, Imgur, etc.)If it is the latter then the incentive to invest more is not applicable if one could mine as many while holding 1 sjcx vs someone who has invested more
Also if there was never any intention to hit the 9800 btc target a time based crowd sale would have been a better option, IMHO.. Just like what counterparty did
Cheers
So in this way we seed the network with some development resources, BUT ALSO computational resources which are just as important. So lets say we sell 100M SJCX. Out of whats left over we can set aside 100M SJCX for early mining.
What is early mining? Its essentially a phase were we really get to stress test and learn as we build the network. We adopt a model like Google where its ship, fix, ship, fix. This way we avoid two weeks(tm). We just add features one by one.
So lets say for example you contributed 1 BTC to the crowdsale, and we establish a multiplier of 2x. Then you can earn an additional 1 BTC worth of SJCX in early mining(its going to be like the old 2009-2010 BTC mining days).
tl;dr I really wish people would understand that we are trying a bunch of cool new models here, and they just need to take 5-10 minutes to read through our terms or really any of our material to understand that we aren't just another altcoin or scam. I invite you to check out our forums as well at http://storjtalk.org/
July 21, 2014, 01:23:34 AM
as far as i understand dev wants to sell 70% of all coins for 9,800 BTC (~$6m) on crowdsale, leave 15% for yourself and another 15% for giveaways. you must be a fool if you are going to invest in.
I really wish people would even take the 5 minutes required to reach the post or even our crowdsale terms. We are the first and only ones to do a community fund. 15% goes toward development, 15% goes to the community. As soon as its feasible(kinda want some structure before you transfer over 15% of the coinbase), we will start transferring the community funds into their multisig wallet.Any additional coins not sold in the crowdsale will be allocated to the developer pool
i'm sorry but fuck this bs. stay away.tl;dr This I think will be the first real balance between the community and devs, and I think will really spark some cool stuff.
July 21, 2014, 01:14:36 AM
Will the farming rewards be based on a pos kind of reward system or is this irrelevant?
If it is the latter then the incentive to invest more is not applicable if one could mine as many while holding 1 sjcx vs someone who has invested more
Also if there was never any intention to hit the 9800 btc target a time based crowd sale would have been a better option, IMHO.. Just like what counterparty did
Cheers
If it is the latter then the incentive to invest more is not applicable if one could mine as many while holding 1 sjcx vs someone who has invested more
Also if there was never any intention to hit the 9800 btc target a time based crowd sale would have been a better option, IMHO.. Just like what counterparty did
Cheers
July 21, 2014, 12:24:58 AM
just invested in ipo. how will the distribution of coins occur?
You will receive coins after your BTC transaction has been confirmed. It would be best to give it time but should it take longer than expected, contact us here or on one of our other sites and we will happily help. do they arrive in counterwallet?
9800 BTC, oh, awesome, good luck man, I will be not in..
We're sorry to hear that! Thank you anyways. 
July 20, 2014, 11:58:52 PM
just invested in ipo. how will the distribution of coins occur?
You will receive coins after your BTC transaction has been confirmed. It would be best to give it time but should it take longer than expected, contact us here or on one of our other sites and we will happily help. do they arrive in counterwallet?
July 20, 2014, 11:56:08 PM
9800 BTC, oh, awesome, good luck man, I will be not in..
July 20, 2014, 11:54:32 PM
just invested in ipo. how will the distribution of coins occur?
You will receive coins after your BTC transaction has been confirmed. It would be best to give it time but should it take longer than expected, contact us here or on one of our other sites and we will happily help. July 20, 2014, 11:53:10 PM
just invested in ipo. how will the distribution of coins occur?
July 20, 2014, 11:18:58 PM
9,800 btc? 
you guys are going for a $6m mkt cap, what kind of profit do you think investors are going to see with that kind of start?
We do not intend to get all 9,800 BTC. While immediate profits should not be expected by crowdsale participants, we plan on continually adding new features, protocols, and apps to grow the Storj ecosystem. you guys are going for a $6m mkt cap, what kind of profit do you think investors are going to see with that kind of start? July 20, 2014, 11:01:05 PM
9,800 btc? you guys are going for a $6m mkt cap, what kind of profit do you think investors are going to see with that kind of start?
you guys are going for a $6m mkt cap, what kind of profit do you think investors are going to see with that kind of start? July 20, 2014, 10:48:41 PM
For everyone calling scam, perhaps you should do some research. Shawn and David, the two guys behind Storj and Maidsafe, are seen hear talking with each other. They both have stated that their projects should eventually compliment each other...and the dev work for both is already progressing well. I'm on the Maidsafe side but appreciate what Storj is doing...so do some research before calling scam!
https://groups.google.com/forum/#!topic/maidsafe-development/VS7PVXweMsc
Thank you for the kind words! We definitely plan on integrating with MaidSafe along with many other projects. https://groups.google.com/forum/#!topic/maidsafe-development/VS7PVXweMsc
July 20, 2014, 10:37:32 PM
(Edited for irrelevance.)
July 20, 2014, 10:17:19 PM
For everyone calling scam, perhaps you should do some research. Shawn and David, the two guys behind Storj and Maidsafe, are seen hear talking with each other. They both have stated that their projects should eventually compliment each other...and the dev work for both is already progressing well. I'm on the Maidsafe side but appreciate what Storj is doing...so do some research before calling scam!
https://groups.google.com/forum/#!topic/maidsafe-development/VS7PVXweMsc
https://groups.google.com/forum/#!topic/maidsafe-development/VS7PVXweMsc
July 20, 2014, 09:56:01 PM
umm. wow. is this the biggest IPO ever?
Nope! Many other similiar projects like MaidSafe have had bigger crowdsales (and rightly so). Keep in mind that we do not intend to reach 9,800 BTC.No escrow?
We understand that this may cause some users to be apprehensive in contributing to the crowdsale. Our team members have made their identities available in order to put real faces and names to the project.put them on the btt.
July 20, 2014, 09:42:53 PM
umm. wow. is this the biggest IPO ever?
Jump to: