Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 66. (Read 144893 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.

How can we know when we will receive the coins?

nice plan to screw sigt buyers with this this 6 year plan lol really works nice it attracted a lot new miners ... or not lol hashpower declining trust is lost with team

talk about centralized decisions in a decentralized environment haha SAD.

Here you go: https://mega.nz/#!QfYizYoT!VCeVDGOBG1k7nerO3pjLU-lSpOMop_GRD_6hZelJxbg . Taken from the mining channel, use at your own caution however.

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.

Of course there is risk involved, just like there's risk involved in investing to an ASIC miner. No coin is a 100% safe bet in crypto world. You need to do your own risk and profit analysis and then decide if you want to buy Sigt now. If you think 6 months is the lifetime of Straks then do your profit calculations based on 6 months' returns.

I'm just speculating on what should have happened from the start not that either of these suggestions can be applied right now, it's too late in my opinion. Probably something else needs to be done, if anything can be done at all.

As far as worse algo, while the new hash algorithm is interesting, people with AMD cards are not able to mine it at a good hash rate, which excludes a huge chunk of former SIGT users who are interested in mining.

In regards to the burn, there is a concern if it can really be executed fairly and transparently, so by removing it entirely and not having a cost to adopt this new coin makes it easier for people to switch? I'm not entirely sure what would have been the best course of action, but from my thinking the entire burn thing is tricky.

Incentive for the devs is a very complex subject, because it tends to gravitate towards a pump and dump situation. If the devs really believed in the longevity of this coin, they were first in position to basically buy or mine a bunch at a low price using their own funds versus creating it out of thin air. I would say that from the community viewpoint a coin without premine and dev fees is more appealing.

Last night hashrate at this time was around 100-115GH/s and now I am seeing 85GH/s, so it appears to be going down.

Yeah and they choose the worst way to explane things to their community first and also to everyone too.
Speculations and accusations had could be stopped just with a proper communication and not a suspicious coming out of some foundamental news for the coins' inverstors.
If they simply commucicated the details before the MN details, all this fud didn't come.
Their choice, their mistake, their responsibility.

I don't get it, why you crying all about??? 6 years drama...
You don't need to wait at all, you could sell your sigt and but stark, and there  you go you swapped your sigt, and you can continue with your life...

Good job it is spelt CryptoVore then and not "Criptovor"

Vore is a suffix of the adjective "vorous" and usually correlates to the meaning of "to eat, or consume" for example Herbivore or Carnivore

Like I said, anything is possible, right now all I see is a room full of speculation and accusation, nothing more.

Every man has his own theory, every man has his own beliefs, nobody will change that fact.

As for "razabotchiki" I have no idea at all whom this is, or whom you refer to.

No, Doc was not, you are correct on that count, however, you clearly stated here that SigtD, or SignatumD or Skank as he was also known as, was not either;


You are wrong or misinformed, SigtD was the original developer.

They're somewhat active in the discord, most of the supporters will be happy to answer any questions though

signatumd does not = Doc, they were 2 different people.

Sorry Marco but this has no correlation to what I said, and is merely speculation on your half without knowing the trading value of Straks.

Not a dev  Just asking the devs questions in discord, They announced that'd it be sometime early December no exact date yet though.

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord 

Also the swap is not a first come first serve basis. More explained in the reddit thread.

Bong. First payout. Working wallet. That is great.

Not a lot but.

Bullshit. If signatum pump, people who buy high have no interest to sell their straks low. Use your brain dude.
The just want the pump to sell off their shit. Now they have create the effect to destroy and divide the community. And also they let people spend more money on that shit without said nothing when they see people fast run to bought more signatu. Funny way to do what they said about "protect the community investment" LOL.
Well done.
Was so fucking easy to talk about the swap mechanism 36hours before, but they prefear to illuse people with the MN not full complete info.
I've try to ask to Criptovore on telegram about this shit and he just blocked me also there after the Discord. He said that he never sell a sigt coin, but when I ask to prove me that he doesn't answer.
Maybe he need more time to photoshop some wallet.
The way they act can't get just this reactions from people. They ask community to voting without give the most important details and they said they will give swap details on 29th of nov, but they prefear to create fomo around the MN for no reason excpet the reason I'm talking about. They are in bad faith. Or they are the worst fools amateurs in this crypto world. In any case, this is a complete jackass for their community. Maybe now they can change everything 'cause they're free from their sigt bags. Now i can full understand why they are all anonymous. And for sure they are not anonymous like Satoshi.

I think that selling a signatum for bitcoin will bring more benefits over 6 years than swap in a straks.
Maybe there will be a more wise development team, which will continue the work of the original signatum coin.
All right, there is always a choice