Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 65. (Read 144892 times)

Yes I am just looking at what is known and how I think it should have been done. The problem for now is that no matter what the solution is going forward, I don't really see a way out. If they cancel the swap now SIGT will tank and confidence will be lost in devs, if they reverse premine or restart coin there are also various implications. Very tough call and I wish the developers and users the best. I will also say the current plan of 6 years is way too ambitious, I think the vast majority can't believe that a small altcoin like this would even last a few years (if not months). On top of that, this coin is so entangled with Signatum, which has such a tragic and shady history that it's simply unbelievable from my perspective.

That looks interesting, I was not aware of it. But there seem to be various limitations, like it only supports nicehash? Seems to have a fee and violates GPL? Also the binaries are missing as you say, and obviously no source available.

That's a good point, but of course the simple solution would be to hold the coin during swap and return after swap is complete. Or the most simple solution would be a 1:1 fork, if you wanted to simply continue SIGT.

That's a valid point as well, but I feel confidence of the community would have been much higher if there was no premine or fees. But I already answered this question, if the devs really thought this coin was worth it they could use their own funds to buy it early or invest in early mining. The entire point of any coin is that value is supposed to increase with time, if devs don't see this happening then it seems like another pump and dump situation. Also keep in mind that the reason originally why SIGT gained some popularity is due to the fact that there were no fees, ICO or premine.

Well i don't know about that, I was testing mining around this time and it was at least 100Mh/s and now it's 85Mh/s so seems a bit lower.

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Now here is a question for you Chromexnet. Do you actually believe that the current plan will work out? What suggestions are you willing to propose? Because as you can tell there are quite a few people voicing their opinion right now and it's not looking good. Do you really believe this coin will succeed with the current plans in motion?

Furthermore I just want to say, I am not a big holder of any coins, and have never invested any major amount into anything. I just love to experiment with mining on my computers. So I was never burned by SIGT, but I found it interesting and certainly some of the early hype was exciting. I was able to mine several hundred SIGT, mostly just to test things out & it was never worth much even at the very height. So my perspective is outside devs, bag holders, speculators/investors, etc. I'm just trying to figure things out and to see what the best solution moving forward, as I was interested in the continuation of SIGT community after everyone was so badly treated. A lot of opinion is clouded by people having certain investments, just wanted to point out this is not the case for me.

Add POLYtimos coin to this list. Same people. Same behavior. Same price drop after getting at exchange.

Signatum, LUX, STRAKS are  the same developers of the coin, where there is a Scam, and everywhere you can say "...left project as Satoshi did with bitcoin, it can kill Sigma?"

What risks do i incur if i do not want to intend the swap from Sigt to straks?
I know that sigt could end anytime, due to lack of exchange.
Can Doc "switch off" the sigt button or he can't do much things about it?
I already assumed my losses with sigt so i think i do not want to enter in straks project that do not seems to me very realistic with swap times of 6 years.
I also prefered that straks was  more scarce, like 40/50millions at most. The only flaw that i saw at signatum project (too much cojns) apart short minded devs that killed a potencial golden eggs chicken just to make short term profit instead concentrating in the project at long term.
If a lot of people swap sigt for staks, sigt will be more scarce.
Like someone said sigt is a community driven coin and if dev left project  like satoshi did with bitcoin can this kill sigt?

So basically you don't have a better suggestion but you think the choices that were made were wrong?

There was a good Lyra2V2 miner for AMD: https://bitcointalksearch.org/topic/mkxminer-fast-lyra2zlyra2rev2-miner-for-amd-gpu-zcoin-gincoin-vert-mona-2360168 It seems be down at the moment, maybe someone can upload the binaries?

If you remove the burn but allow swap to happen, how do you control which coins have been swapped already? For example, if someone swaps their coins and then sells them on an exchange, how is the buyer supposed to know they have been swapped already? What if someone finds a way to re-swap them? Burning after swap is really the best solution.

If there's no premine, no ICO and no dev fees then how are the devs supposed to be paid? You do realize the devs can't mine anything if there's several hundreds of GH/s being thrown at the coin right from the start, like was the case with Straks?

The hash rate seems to be very volatile at the moment but on average it's higher today than yesterday.