[ANN][SGL] Sigil - Decentralized, 0% Fee Crowdfunding - page 56.

Sigil-Developer

newbie

Activity: 28

Merit: 1

Quote from: tomd on January 11, 2018, 12:45:32 PM

So, how can I buy coins? I'd mine but I can't compete this 3Gh/s network with my 400 kh/s 7950 gpu.

Well we're giving away 500,000 coins in an extensive bounty program, check the site for details. You can earn anywhere from 25-2000 coins for completing simple tasks. No exchanges yet but we're working on it!

bewmint

full member

Activity: 201

Merit: 100

Quote from: zajiczech on January 11, 2018, 10:22:09 AM

Quote from: raskad on January 11, 2018, 10:21:13 AM

Use the PREMINE and PROCEEDS FROM STAKING to pay for a LISTING on CRYPTOPIA! Grin

That's a good idea, pay for an exchange.

That’s exactly my opinion.

Cryptobel-NL

jr. member

Activity: 344

Merit: 1

Creative Creator

Quote from: Crypitol on January 11, 2018, 12:56:22 PM

Quote from: Chromexnet on January 11, 2018, 12:49:45 PM

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

How many coins do you have staked?

1525 in staking mode.

I got about the same amount, never did staking before. But I keep getting the 'no mature blocks found, staking paused'. Have had the coins for over 24 hours in my wallet and over 200 confirmations. Am I doing something wrong or am I too impatient?

Crypitol

jr. member

Activity: 106

Merit: 1

Quote from: Chromexnet on January 11, 2018, 12:49:45 PM

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

How many coins do you have staked?

1525 in staking mode.

Chromexnet

newbie

Activity: 62

Merit: 0

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

How many coins do you have staked?

tomd

newbie

Activity: 10

Merit: 0

So, how can I buy coins? I'd mine but I can't compete this 3Gh/s network with my 400 kh/s 7950 gpu.

vovass1

newbie

Activity: 1

Merit: 0

Hello.explain how to make a coin anonymous .I got the purse right away without signing up ?

Sigil-Developer

newbie

Activity: 28

Merit: 1

Quote from: ocminer on January 11, 2018, 10:59:25 AM

Quote from: Sigil-Developer on January 11, 2018, 02:42:12 AM

Quote from: ocminer on January 11, 2018, 02:22:09 AM

Quote from: Sigil-Developer on January 11, 2018, 02:19:13 AM

Quote from: ocminer on January 11, 2018, 01:24:01 AM

My wallet is also starting to crash. Is this forked from TZC ? That coin had a similar issue

Yep, it's a TZC fork. I did notice the issue when I was looking on some older threads but thought I had fixed the issue, being that it was thought to be through staking throughput and its use of resources. Weird though that I can't get the issue to be reproduced on any of my compiled wallets, either on Windows, Mac, or Linux.

If your wallet keeps crashing, try and disable staking by clicking "Tools"/"Disable PoS Mining". I'll look at it further and try to reproduce the error.

Staking is disabled already, it still crashes. Only "fix" is to re-import the privkey into a fresh wallet and after a certain amount of time, probably the min staking time, it crashes again.. So you need to keep doing this over and over again.. That was the reason I delisted TZC some time ago as AFAIK it isn't fixed until today there

Interesting. Okay, next crash could you send me your debug.log file? I'll try to get to the bottom of this.

No error in the debug log and nothing on the console either when in crashed.. nothing at all - exactly the same like with TZC

Really sorry for any inconvenience. Digging further into this, it seems that the blockchain data can sometimes corrupt for some reason on the Windows OS due to PoS blocks being processed incorrectly. Could you try a rescan of the network through backing up your wallet.dat and deleting all other items (besides wallet.dat) in your data folder and then reopening the wallet? You're right, that's the only way to fix this at the moment. I'll try to find the root cause of this further.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: Sigil-Developer on January 11, 2018, 02:42:12 AM

Quote from: ocminer on January 11, 2018, 02:22:09 AM

Quote from: Sigil-Developer on January 11, 2018, 02:19:13 AM

Quote from: loray on January 11, 2018, 01:20:37 AM

@Sigil-Developer
yesterday i tried the first time to send some mined coins from pool to my sigil wallet (Linux/Ubuntu 17.04). Wallet is stable
and it seems that it synced - last Block was the last mined block.
But after hours my coins didn't arrive. Are there any problems atm at transfer? Which time does it normally take?
When everything synced my coins should be on the wallet - why is balance still Zero? Thanks for helping.

Which pool did you mine on? It's not a blockchain problem, but a pool problem.

Quote from: ocminer on January 11, 2018, 01:24:01 AM

My wallet is also starting to crash. Is this forked from TZC ? That coin had a similar issue

Yep, it's a TZC fork. I did notice the issue when I was looking on some older threads but thought I had fixed the issue, being that it was thought to be through staking throughput and its use of resources. Weird though that I can't get the issue to be reproduced on any of my compiled wallets, either on Windows, Mac, or Linux.

If your wallet keeps crashing, try and disable staking by clicking "Tools"/"Disable PoS Mining". I'll look at it further and try to reproduce the error.

Staking is disabled already, it still crashes. Only "fix" is to re-import the privkey into a fresh wallet and after a certain amount of time, probably the min staking time, it crashes again.. So you need to keep doing this over and over again.. That was the reason I delisted TZC some time ago as AFAIK it isn't fixed until today there

Interesting. Okay, next crash could you send me your debug.log file? I'll try to get to the bottom of this.

No error in the debug log and nothing on the console either when in crashed.. nothing at all - exactly the same like with TZC

yaoye0o

full member

Activity: 353

Merit: 100

Quote from: Cashwave on January 11, 2018, 10:57:39 AM

Great project idea. I understand that the team wants to be anonymous for now but a little pry info about who is/are behind this wonderful project would be ok.

that's why anonymous ,do you agree ?

Cashwave

newbie

Activity: 120

Merit: 0

Great project idea. I understand that the team wants to be anonymous for now but a little pry info about who is/are behind this wonderful project would be ok.

Sigil-Developer

newbie

Activity: 28

Merit: 1

Quote from: mpchua on January 11, 2018, 10:52:19 AM

6721 a11a37d0b9d67d3a86670df96336469b03f48ef26a9b25fa9fc6c596ce42d81b 1 25.00000000 Thu, 11 Jan 2018 15:46:41 GMT

Coin Supply (SGL) 2667540

I assume the full 6721 block belong to miner which is 6721x25=168025 coins

2667540-168025=2499515

2499515/2667540x100=93.7%

Means 6722 blocks onward developer control 93.7% of staked coin ?

Amazing...

To be fair we're haven't been staking most of them and are giving away 500,000 coins. Also we're being asked to front the costs for an exchange and crowdfunding site with no fees whatsoever or ICO, instead the team raising the funds on their own.

mpchua

newbie

Activity: 34

Merit: 0

6721 a11a37d0b9d67d3a86670df96336469b03f48ef26a9b25fa9fc6c596ce42d81b 1 25.00000000 Thu, 11 Jan 2018 15:46:41 GMT

Coin Supply (SGL) 2667540

I assume the full 6721 block belong to miner which is 6721x25=168025 coins

2667540-168025=2499515

2499515/2667540x100=93.7%

Means 6722 blocks onward developer control 93.7% of staked coin ?

Amazing...

Sigil-Developer

newbie

Activity: 28

Merit: 1

Quote from: zajiczech on January 11, 2018, 10:26:42 AM

Quote from: Crypitol on January 11, 2018, 10:20:18 AM

Quote from: zajiczech on January 11, 2018, 10:13:28 AM

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

Of course, we are greedy and don't want the devs to make any money on this... The premine is nothing that could make them money Grin

Have you seen the first page?
   40 % (1,000,000 SGL) -------------> Marketing
   20 % (500,000 SGL) -------------> Developers / Founders
   20 % (500,000 SGL) -------------> Bounty Program
   10 % (250,000 SGL) -------------> Research / Development
   10 % (250,000 SGL) -------------> Legal

You think 500k SGL is a lot? Let's say it hit .25 by the end of the year, that's 125k in USD, divided among I'd assume at least 5 people. So that's ~25k a year. Virtually poverty, when they've completely fronted ALL development cost. AND the service they plan to provide is FREE.

Noone forced them to make those calculations, it was their decision and I suppose they know what they are doing. And it's not 500, but 750, i'd count Research/Development as well.

We made the decision not to to run an ICO because we believe in the future of the coin. We figured the premine was necessary because it allows us to retain some of the coin for future work and development, however we did not expect this backlash when we mentioned that we were staking, because as @Crypitol mentioned, we are fronting all the costs and hoping to build this coin from the ground up. The overhead will be actually even more significant than other coins--we'll be running the crowdfunding site without taking any fees.

Still though, we understand that it looks bad for devs to be staking this early in the game, and as a result we'll halt these efforts while we build up the network and allow for the coin to grow organically.

zajiczech

full member

Activity: 210

Merit: 101

Quote from: Crypitol on January 11, 2018, 10:20:18 AM

Quote from: zajiczech on January 11, 2018, 10:13:28 AM

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

Of course, we are greedy and don't want the devs to make any money on this... The premine is nothing that could make them money Grin

Have you seen the first page?
   40 % (1,000,000 SGL) -------------> Marketing
   20 % (500,000 SGL) -------------> Developers / Founders
   20 % (500,000 SGL) -------------> Bounty Program
   10 % (250,000 SGL) -------------> Research / Development
   10 % (250,000 SGL) -------------> Legal

You think 500k SGL is a lot? Let's say it hit .25 by the end of the year, that's 125k in USD, divided among I'd assume at least 5 people. So that's ~25k a year. Virtually poverty, when they've completely fronted ALL development cost. AND the service they plan to provide is FREE.

Noone forced them to make those calculations, it was their decision and I suppose they know what they are doing. And it's not 500, but 750, i'd count Research/Development as well.

zajiczech

full member

Activity: 210

Merit: 101

Quote from: raskad on January 11, 2018, 10:21:13 AM

Use the PREMINE and PROCEEDS FROM STAKING to pay for a LISTING on CRYPTOPIA! Grin

That's a good idea, pay for an exchange.

raskad

newbie

Activity: 100

Merit: 0

Use the PREMINE and PROCEEDS FROM STAKING to pay for a LISTING on CRYPTOPIA! Grin

Crypitol

jr. member

Activity: 106

Merit: 1

Quote from: zajiczech on January 11, 2018, 10:13:28 AM

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

Of course, we are greedy and don't want the devs to make any money on this... The premine is nothing that could make them money Grin

Have you seen the first page?
40 % (1,000,000 SGL) -------------> Marketing
20 % (500,000 SGL) -------------> Developers / Founders
20 % (500,000 SGL) -------------> Bounty Program
10 % (250,000 SGL) -------------> Research / Development
10 % (250,000 SGL) -------------> Legal

You think 500k SGL is a lot? Let's say it hit .25 by the end of the year, that's 125k in USD, divided among I'd assume at least 5 people. So that's ~25k a year. Virtually poverty, when they've completely fronted ALL development cost. AND the service they plan to provide is FREE.

zajiczech

full member

Activity: 210

Merit: 101

Quote from: Crypitol on January 11, 2018, 10:11:43 AM

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

Of course, we are greedy and don't want the devs to make any money on this... The premine is nothing that could make them money Grin

Have you seen the first page?
40 % (1,000,000 SGL) -------------> Marketing
20 % (500,000 SGL) -------------> Developers / Founders
20 % (500,000 SGL) -------------> Bounty Program
10 % (250,000 SGL) -------------> Research / Development
10 % (250,000 SGL) -------------> Legal

Crypitol

jr. member

Activity: 106

Merit: 1

I'd say these guys are just whiny saps, you guys are completely funding the initial developments out of pocket without an ICO, these guys are upset about you staking, when most companies release an ICO with 4 rounds selling 50 million coins each round. And then halting developments for an entire quarter while they party. I'd say your plan to stake the premine is logical and reasonable to support developmental cost. And earn a clearly needed salary. I could see the concern if you guys staking, made it so no one else could stake, but I'm earning about 125 coins a day no problem. I'd say continue staking if I were you guys.

Topic: [ANN][SGL] Sigil - Decentralized, 0% Fee Crowdfunding - page 56. (Read 42109 times)