[ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 72.

brubic

sr. member

Activity: 395

Merit: 250

Quote from: gerietis on November 24, 2017, 05:10:06 PM

Quote from: Bumbr on November 24, 2017, 03:52:48 PM

Ye, they could announce 1:1 swap, and process it in 200 000 000 years. So, swap voting was a meaningless garbage. That is what "community" costs for these devs. Too greedy bastards.

Devs just don't want to kill Straks by swap coins flood. I think it's reasonable position.

This is the poison that will kill the Staks all 6 years ...
...from 0 to 6 years
It was necessary to make an instant swap with a different proportion

gerietis

member

Activity: 100

Merit: 11

Quote from: Bumbr on November 24, 2017, 03:52:48 PM

Ye, they could announce 1:1 swap, and process it in 200 000 000 years. So, swap voting was a meaningless garbage. That is what "community" costs for these devs. Too greedy bastards.

Devs just don't want to kill Straks by swap coins flood. I think it's reasonable position.

blmer

member

Activity: 97

Merit: 10

6 years for a swap, it's awful long for a crypto currency.
Why did this information appear only now ? Many people bought your signatum. Once again, the developers deceived their community.
Now in the discord from the developers only mockery, disgusting.

sasha55

newbie

Activity: 28

Merit: 0

Well, I can say. The developers threw with his shit coin. As for me, I left the project. Done once, twice... and I'm afraid this will continue. (6 years to wait! About POS with 50 000 coins can not even dream). Do not be surprised if I say we won't make the swap. PR coins made and fuck all of you!

rockmachinex

newbie

Activity: 28

Merit: 0

Quote

Monthly swap distribution for registered STAK swap addresses:

Year 1 per Month: 432,000 STAK distributed; 1,728,000 SIGT burned
Year 2 per Month: 453,600 STAK distributed, 1,814,400 SIGT burned
Year 3 per Month: 475,200 STAK distributed, 1,900,800 SIGT burned
Year 4 per Month: 496,800 STAK distributed, 1,987,200 SIGT burned
Year 5 per Month: 518,400 STAK distributed, 2,073,600 SIGT burned

Year 6 for 10 Months: 540,000 STAK distributed, 2,160,000 SIGT burned
Year 6 for 1 Month: 463,000 STAK distributed, 1,852,000 SIGT burned

Is it a joke?
Looks like that the SIGT users was fooled again. Another pump and dump show.

pancser

newbie

Activity: 1

Merit: 0

Quote from: STRAKS on November 24, 2017, 02:19:18 PM

Public Announcement

The swap mechanics from SIGT to STAK have now been defined. Please read carefully and try to understand the rationale in an objective manner.

https://github.com/straks/straks#the-swap-mechanics

As I understand a SIGT address is created for each user for storing his SIGT for those years.
Just a few stupid questions.

1. Who will guarantee that Signatum will exist during this time (and nobody touches those adresses).
2. How the corresponding SIGT/STAK address pairs will be stored for such a long time.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

I still don't get it. Whatn's your USP?

Ginzink

full member

Activity: 462

Merit: 118

Quote from: ?? on ??

Quote from: Chromexnet on November 24, 2017, 04:25:44 PM

What pump? The coin isn't even on an exchange yet! How exactly did you dump your coins when there's no exchange? It seems that you're just trolling hard. Roll Eyes

Look at sigt price, it was pumped from 100 sats to 500, now it going again to 100 sats. Someone bought a lambo. And i saw 1 300 000 coins dumped before this announcment, someone knew about dump before the official announcement.

I think it was posted on Github first? So someone who had invested alot may have followed github more closely and dumped.

Chromexnet

newbie

Activity: 62

Merit: 0

Quote from: ?? on ??

Quote from: STRAKS on November 24, 2017, 02:19:18 PM

Public Announcement

The swap mechanics from SIGT to STAK have now been defined. Please read carefully and try to understand the rationale in an objective manner.

https://github.com/straks/straks#the-swap-mechanics

Could you write all this shit earlier,before announcement and PUMP? Fuck this, people got scammed again by these devs. Dumped this shit. Hope this coin die like all other garbage around. Thx.

What pump? The coin isn't even on an exchange yet! How exactly did you dump your coins when there's no exchange? It seems that you're just trolling hard. Roll Eyes

jeblond

newbie

Activity: 21

Merit: 0

I think it's a smart solution...milions of coins getting into the market in such a short time will be bad for stak...Now mining this coin doesnt look so bad.

Bumbr

full member

Activity: 254

Merit: 101

Quote from: Ginzink on November 24, 2017, 03:45:14 PM

Got me by suprise there! It is a smart solution, and a fair one for miners of straks. But not very transparent that this info came so late. It lead to a massive dump, and the worst is maybe not yet seen as many dont know yet!

Ye, they could announce 1:1 swap, and process it in 200 000 000 years. So, swap voting was a meaningless garbage. That is what "community" costs for these devs. Too greedy bastards.

Ginzink

full member

Activity: 462

Merit: 118

Quote from: ?? on ??

Quote from: STRAKS on November 24, 2017, 02:19:18 PM

Public Announcement

The swap mechanics from SIGT to STAK have now been defined. Please read carefully and try to understand the rationale in an objective manner.

https://github.com/straks/straks#the-swap-mechanics

Could you write all this shit earlier,before announcement and PUMP? Fuck this, people got scammed again by these devs. Dumped this shit. Hope this coin die like all other garbage around. Thx.

Got me by suprise there! It is a smart solution, and a fair one for miners of straks. But not very transparent that this info came so late. It lead to a massive dump, and the worst is maybe not yet seen as many dont know yet!

repbaza

newbie

Activity: 43

Merit: 0

untalented developers

Chromexnet

newbie

Activity: 62

Merit: 0

Quote from: abudfv2008 on November 24, 2017, 02:16:56 PM

Quote from: Chromexnet on November 24, 2017, 12:27:34 PM

Quote from: Eulersheep on November 24, 2017, 12:16:12 AM

I have ~6800 sig that I got from 1 week mining sig fairly early on that I didn't bother doing anything with. This translates to approx 1700 STRAK. Based on current network hash rates, it would take me approximately 4 months to mine this many STRAK. It seems to me that the sig holders will be the one to control this network, but how is that fair? Why can't this coin be a true fresh start, without giving all the power to the people who held some unrelated coin?

6800 Sigt coins in one week means you either mined right at the start when difficulty was super low or your rigs had pretty high hash rate. 6800 coins in a week equates to nearly 1 GH/s of hashing power. With 1 GH/s you could currently mine about 190 straks coins in a day and mining 1700 Straks coins would take 9 days. One week vs 9 days doesn't sound too bad. People have been complaining about the high mining difficulty but we are currently pretty close to average Sigt mining difficulty.

I mined at least 10000 with 2*1080 for less than several hours. So it was possible.

Did you mine those right after launch? In the beginning difficulty was quite low and it was possible to mine lots of coins but pretty soon Signatum became popular and difficulty shoot through the roof. Before first halving the difficulty was more than 35000. Back then you could get roughly 70 coins per day with one 1080ti. I know that for a fact because I was mining Sigt back then with a 1080ti rig. If you don't believe me you can also have a look at whattomine estimate: https://whattomine.com/coins/191-sigt-skunkhash?utf8=%E2%9C%93&hr=49&br_enabled=true&br=2500.0&d_enabled=true&d=35000.0&p=450.0&fee=0.0&cost=0.1&hcost=0.0&commit=Calculate

So 10000 Sigt coins in a few hours is not a realistic comparison. It's like saying you could mine 1 Bitcoin in an hour. Sure, maybe back in 2009...

brunosa

newbie

Activity: 42

Merit: 0

https://straks.news/global/straks-swap-will-be-split-up-over-six-years.html

STRAKS

member

Activity: 103

Merit: 14

Public Announcement

The swap mechanics from SIGT to STAK have now been defined. Please read carefully and try to understand the rationale in an objective manner.

https://github.com/straks/straks#the-swap-mechanics

abudfv2008

full member

Activity: 728

Merit: 106

Quote from: Chromexnet on November 24, 2017, 12:27:34 PM

Quote from: Eulersheep on November 24, 2017, 12:16:12 AM

I have ~6800 sig that I got from 1 week mining sig fairly early on that I didn't bother doing anything with. This translates to approx 1700 STRAK. Based on current network hash rates, it would take me approximately 4 months to mine this many STRAK. It seems to me that the sig holders will be the one to control this network, but how is that fair? Why can't this coin be a true fresh start, without giving all the power to the people who held some unrelated coin?

6800 Sigt coins in one week means you either mined right at the start when difficulty was super low or your rigs had pretty high hash rate. 6800 coins in a week equates to nearly 1 GH/s of hashing power. With 1 GH/s you could currently mine about 190 straks coins in a day and mining 1700 Straks coins would take 9 days. One week vs 9 days doesn't sound too bad. People have been complaining about the high mining difficulty but we are currently pretty close to average Sigt mining difficulty.

I mined at least 10000 with 2*1080 for less than several hours. So it was possible.

brunosa

newbie

Activity: 42

Merit: 0

https://straks.news/official/swap-details-revealed.html

alexmingdr

newbie

Activity: 26

Merit: 0

Quote from: Epicyclic on November 24, 2017, 12:52:54 PM

Quote from: tuanbct95 on November 24, 2017, 12:30:40 PM

Quote from: gerietis on November 24, 2017, 09:19:34 AM

Quote from: ?? on ??

Developer stopped and abandoned SIGT 2.0, then created STARK. What is the purpose of that guy?

SIGT2.0 was temporary name of STRAKS . There was contest for coin name and STRAKS von the vote. So STRAKS is not "third" project.

oh really? I missed important information about the swap. If it is true, why developers has not mentioned about the swap from SIGT to STRAKS? thank you.

Its been here for weeks for all to see; https://bitcointalksearch.org/topic/ann-signatum-20-2303471

Why did not this information on the first page? Why hide it? Why is it said on many pages that this project has nothing to do with signatum? This must be on the first page in the description and writen that Straks is Signatum 2.0 and is its continuation and linke to the topic where it was all discussed and there was voting. I think it would was in the spirit of honesty and transparency ...

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: ocminer on November 24, 2017, 11:42:05 AM

Quote from: Denton on November 24, 2017, 11:39:17 AM

Quote from: covert24 on November 23, 2017, 12:07:43 AM

Quote from: Denton on November 23, 2017, 12:04:18 AM

Quote from: TheHas on November 22, 2017, 08:41:56 PM

I realise that the only way to mine at this stage is through the wallet, but does anyone have a pool (legitimately) set up, or are we all competing for some solo mining coins Wink

I'm at work right now so hopefully will be home in time to set everything up and start mining before it starts!

Maybe give OCMiner a heads-up! He might be willing to set up a pool.

already done and contributing to the net hash. https://stak.suprnova.cc/

Ah, see, the best and quickest pool provider of them all! Wink

Thanks !

what was the nethash at launch? i'm curious on what i have missed here in mining

Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 72. (Read 144880 times)