[ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 73.

Epicyclic

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Quote from: tuanbct95 on November 24, 2017, 11:30:40 AM

Quote from: gerietis on November 24, 2017, 08:19:34 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

tuanbct95

newbie

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Quote from: gerietis on November 24, 2017, 08:19:34 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.

Chromexnet

newbie

Activity: 62

Merit: 0

Quote from: Eulersheep on November 23, 2017, 11:16:12 PM

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.

Chromexnet

newbie

Activity: 62

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Quote from: JohnGR on November 24, 2017, 07:01:19 AM

And people, pls STOP trying to estimate the coin's value based on the current mining difficulty vs profitability and THEN make the EVEN bigger mistake of comparing it to the current value of signatum and the 4:1 ratio. OFC anything can happen but......with 34m coin flood, the most likely scenario is for straks to drop to 20-40 satoshi first, before it can have any hope of recovery. I hope I am wrong on this.

Disclaimer: I have never mined signatum,I am NOT a signatum holder and out of plain luck (read the signatum2.0 thread before this ANN) I have NOT started mining STRAKS. Otherwise I would be in the same boat as you guys.

Your estimate of 20-40 sats is way off. Sigt had a supply of 137 million coins and a market cap of 5-6 million dollars before things went south. Based on your estimate Straks would have a market cap of 60 thousand dollars after the swap. That's absurd. Straks is a better project, both from technical point of view and developer wise so obviously Straks' market cap after the swap should be higher than Sigt's market cap.

I see some people complain about the swap and it's sort of understandable - having a market cap of let's say 5 million dollars means you're late to the game if you don't own any Sigt. However, what you need to realize is that a lot of money was invested in Sigt and that money now gets transferred to Straks. It's not like the existing owner of Sigt get their Straks coin for free - in fact most Sigt owners have paid much more for their coints than the current value is.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: Denton on November 24, 2017, 10:39:17 AM

Quote from: covert24 on November 22, 2017, 11:07:43 PM

Quote from: Denton on November 22, 2017, 11:04:18 PM

Quote from: TheHas on November 22, 2017, 07:41:56 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 !

Denton

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Quote from: covert24 on November 22, 2017, 11:07:43 PM

Quote from: Denton on November 22, 2017, 11:04:18 PM

Quote from: TheHas on November 22, 2017, 07:41:56 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

synthgauge

hero member

Activity: 1150

Merit: 502

Quote from: ?? on ??

Quote from: karmanon on November 24, 2017, 05:48:04 AM

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye" to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.

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

There was a hiccup with sigt, too low propagation time and overlapping issue. For those wearing a tinfoil hat, overlapping paradox is an anomaly leading to two transactions that were broadcast almost simultaneously or with a minimal time space inbetween, to overlap onto each other and cause high chain destruction and latency reduction.

tigerMJyang

newbie

Activity: 28

Merit: 0

What a lot of loser here!

They are like a idiot and never read any information.

Just read the github of straks . https://github.com/straks/straks

And close your mouth ,then go home to suck pacifier .

Epicyclic

full member

Activity: 280

Merit: 100

Quote from: Gunbit on November 24, 2017, 09:20:37 AM

One more time

1. STRAKS created by Signatum community members. You can name it Signatum 2, but without scaming devs of original sigt.

2. Community vote for swap ratio 4:1 and it will not change

3. As i sad before - its nearly pointless to mine with GPU straks. At this moment, the best and most profit way to "mine" straks is buy signatum, because the price of sigt is still very low compare to expectations of price at 29.11 (1500 sat +)

So you can buy signatum and prepare for swap or you can switch your attention to other projects. From my point of few, it is simple as that. No offense.

+1 as concise as it needs to be Wink

Gunbit

member

Activity: 168

Merit: 15

One more time

1. STRAKS created by Signatum community members. You can name it Signatum 2, but without scaming devs of original sigt.

2. Community vote for swap ratio 4:1 and it will not change

3. As i sad before - its nearly pointless to mine with GPU straks. At this moment, the best and most profit way to "mine" straks is buy signatum, because the price of sigt is still very low compare to expectations of price at 29.11 (1500 sat +)

So you can buy signatum and prepare for swap or you can switch your attention to other projects. From my point of few, it is simple as that. No offense.

demonich

newbie

Activity: 5

Merit: 0

Quote from: Epicyclic on November 24, 2017, 08:50:31 AM

Quote

P.S. Yesterday`s signatum price - 100 satoshi. STAK expected price is 4*100.

Now now, lets not misinform folk, yesterdays lowest Sigt price was 271 sats and highest was 499 sats, current price is moving up from 390 sats. at no point was it 100 sats

True. But 7 days ago it was 140 and then the straks and swap pump comes in.
https://yobit.net/en/trade/SIGT/BTC#7D

Skliv

newbie

Activity: 11

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Dev need to swap from 1: 4 to 1:20. and reduce the masternode to 1000-2000 straks.

Epicyclic

full member

Activity: 280

Merit: 100

Quote from: ?? on ??

Quote from: Epicyclic on November 24, 2017, 07:21:35 AM

Quote from: easyrimka on November 24, 2017, 04:22:28 AM

still no date for the swap ?? why do you ignore SIGT holders ?

Im pretty sure I have answered this at least 10 times, but here goes, 11th time lucky...

29th November = swap details will be announced.

Why people tried to ask about SITG (Signatum) in the topic created for STRAKS? It's a little bit weird. Are there relationships between the two projects?

The relationship is minimal, however, the Devs of Straks agreed to swap and Burn Signatum for Straks, due to also being victims of the Sigt scam. many where part of the Signatum community who wanted to see a project

with longevity and transparency before the (false) Doc robbed the community of that.

Epicyclic

full member

Activity: 280

Merit: 100

Quote

P.S. Yesterday`s signatum price - 100 satoshi. STAK expected price is 4*100.

Now now, lets not misinform folk, yesterdays lowest Sigt price was 271 sats and highest was 499 sats, current price is moving up from 390 sats. at no point was it 100 sats

Lamb0$oon

newbie

Activity: 89

Merit: 0

Really strange decisions about this coin

uhro

full member

Activity: 209

Merit: 100

Join Cashbery Coin!

It needs to be on exchange before swap, that's pretty straightforward.

There has to be a value to let people with SIGT make the decision to swap, even as a dead project, xxx sigt are worth xxx btc.
How likely are people to trade in something they know they can go trade for btc anytime for something that essentially has no value because you can't do anything with it.

demonich

newbie

Activity: 5

Merit: 0

//Guys, it is NOT the dev's fault.

Their fault is taking 10 coins per block as a reward.
If it would be 10 000 coins - and i could mine 1000 a day - i wouldn`t worry about the price of 40 satoshi and about the pressure of 4 sigt price.
Difficulty didn`t go away and i suppose it won`t.

Why should i mine this coin with such difficulty and such expected price?

P.S. Yesterday`s signatum price - 100 satoshi. STAK expected price is 4*100. Try to guess the hashrate and then choose a reward. Then twice it and there you go - everybody is mining STRAKS, it is listed everywhere and in top of wtm, signatum holders are happy too, i suppose.

gerietis

member

Activity: 100

Merit: 11

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.

karmanon

full member

Activity: 131

Merit: 100

Quote from: lupanar on November 24, 2017, 08:05:31 AM

Quote from: karmanon on November 24, 2017, 08:02:33 AM

Quote from: Gunbit on November 24, 2017, 05:56:07 AM

Quote from: karmanon on November 24, 2017, 05:48:04 AM

Hi!
Original SIGT had 1250 coins/block. 650 after 30k block.
STRAKS has just 10 coins/block.
Dev will swap coins like 4:1. And it's the end.
Price will be dumped. If you are mining STAKS, you shold say "bye bye" to you money.
Why such low block reward? Why such low amount for swap. Why not 100:1?
Even if STAKS will have swap 100:1, it will like 1000 coins/block. Even 100:1 less than SIGT's block reward.
Millions of original SIGTs will bring huge inflation.
We should turn off rigs, cause it's madness.
We have been trapped, mates.

As i told before, its a trap. But noone stop you to buy sigt and abuse this trap with 100-300% gain.

Of course, it's possible, to buy SIGT and swap to STRAKS with quick profit. But i said about future of this project.
STRAKS - is POW coin, isn't it? We know about millions extra coins from swap. Noone will mine it with such options.
As for me, STRAKS has future only without swap.

Straks told me that it have future only without you.. lol Cheesy

Good luck, my friend. I'll pray for your success Cheesy

gerietis

member

Activity: 100

Merit: 11

Quote from: nsummy on November 23, 2017, 10:15:19 PM

The value of bitcoin would never go higher than a dollar if the bitcoin developers held back enough bitcoin to match the amount of US dollars in circulation with the promise to swap 1 bitcoin for 4 quarters.

look, not all supply of STRAKS is nominated 4:1 to SIGT, only part of it. So yes, there will be some pressure in market from current SIGT owners, but bigger part of STRAKS will come from hard mining, and value will be nos just 4:1 to SIGT .

Edit: I mean long term, not first weeks after swap.

Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 73. (Read 144893 times)