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Topic: X13 [ANN] *SUMMERCOIN 2.0* [POW/POS][NAVAJO ANONYMOUS TECHNOLOGY][DECENTRALIZED] - page 131. (Read 171625 times)

legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
When will there be a synced wallet for SUM1? Don't wanna buy without a synced wallet
The current wallet for SUM1 works fine for me, I get a beautiful everyday stake Wink

Then SUM1 are fucked, and coins lost?

Ofc. NOT. We will be able to exchange SUM1 to SUM2, all the details will be out soon Wink
full member
Activity: 139
Merit: 100
Then SUM1 are fucked, and coins lost?
sr. member
Activity: 252
Merit: 250
When will there be a synced wallet for SUM1? Don't wanna buy without a synced wallet
bcd
sr. member
Activity: 252
Merit: 250
SUM swapping...sounds kinky.

Please let us know your suggestion
sr. member
Activity: 294
Merit: 250
Can we perhaps get a roadmap going?
- When will the explanation be released of how the coins will be swapped
- release of wallets
- release of multi pool
- twitter account
- faucets
- promotions etc.


We will make these things happen before launch of SUM2 (multipool will be ready after POW phase ofc.) Wink

Good to hear, what is your opinion about the amount of coins?
Should it not be better to have the same or less coins than SUM1 so that the coin price will be the same or more.
I think that way it "looks" better to future investors.
bcd
sr. member
Activity: 252
Merit: 250
summer 2.0...
after this mon .want to summer 3.0?
why not get new coin name...

This could be achieved, greatly reducing the number of new coins and its exchange rate with the old currency.
I mean, not a large total mass of 100M coins as proposed now, but only 10M, or better yet just 1M,

an exchange transaction a bit like it was made in France in the transition from old francs to new francs (100->1).


At the beginning this drastic change could create a little bad mood in the old owners, but IMHO make the currency
more rare now could lead to a more promising future, when there will inevitably be dealing with the loss
of value due to the time and the creation of new coin with the POS.

Regarding the financing of the foundation with a block tax, I basically agree, but IMHO should be discussed better.


"Regarding the financing of the foundation with a block tax, I basically agree, but IMHO should be discussed better."  > I think you meant the block tax should be discussed later.

Valid points with respective to number of coins proposed.
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
Can we perhaps get a roadmap going?
- When will the explanation be released of how the coins will be swapped
- release of wallets
- release of multi pool
- twitter account
- faucets
- promotions etc.


We will make these things happen before launch of SUM2 (multipool will be ready after POW phase ofc.) Wink
sr. member
Activity: 294
Merit: 250
Can we perhaps get a roadmap going?
- When will the explanation be released of how the coins will be swapped
- release of wallets
- release of multi pool
- twitter account
- faucets
- promotions etc.

legendary
Activity: 912
Merit: 1000
SUM swapping...sounds kinky.
sr. member
Activity: 294
Merit: 250
summer 2.0...
after this mon .want to summer 3.0?
why not get new coin name...

Instead of Summer why not instead call it Autumn?
After all, autumn is the time that you collect mature fruits of summer. Wink

And now I address myself to dev and to the foundation.
If I understand then new project / proposal, with a fixed exchange transaction or
in other manner, for every Sum possessed we could get 2 of the new coins.

From this, one quickly learns the true value of the new currency, inevitably will be very very low,
half of what is now worth a SUM.

So at current price, at the time of the launch of the new currency would be worth just 100 satoshi. !!
IMHO, with a low value does not promise well for the future, in a very short time would be almost 0.

Since you want to create a new currency, IMHO it would be better to reformulate the project to try
to get immediately a value much more "relevant".

This could be achieved, greatly reducing the number of new coins and its exchange rate with the old currency.
I mean, not a large total mass of 100M coins as proposed now, but only 10M, or better yet just 1M,
an exchange transaction a bit like it was made in France in the transition from old francs to new francs (100->1).

Of course you will be adapted \ scale all other parameters, including the fixed exchange rate with the V1 Sum.

At the beginning this drastic change could create a little bad mood in the old owners, but IMHO make the currency
more rare now could lead to a more promising future, when there will inevitably be dealing with the loss
of value due to the time and the creation of new coin with the POS.

Regarding the financing of the foundation with a block tax, I basically agree, but IMHO should be discussed better.

For example the fee should not be generated in the POW period, as was done with SUM V1, but especially
during the POS, as is done in HobokenNickel with the Stake for Charity, but with the difference that it would
not be a form of voluntary donation, but a commission proportional specifically used for the support of
the foundation that has the only task is to support the currency.

So not a substantial remuneration in the short initial phase, as occurs in other currencies,
where the amount paid can not longer be controlled, and the coins are soon left to
themselves by the dev (as has happened to so many coins recently), but instead a small
constant support, active only as long as the money lives.

Given the recent past, I think this method of refinancing, make everyone more relaxed about
the lasting commitment of the team of developers.

I say this with no offense to new developers and members of the foundation, it is primarily to
make sure that everyone can perceive the difference, to make it clear right from the
conception of the project.

Of course, these are just my opinions.



I think you make some very valid claims.
- New name might work better then a 2.0 type of coin. Although it might be too late to change the name once again.
- I agree with # number of coins. It looks bad if the new coin is worth less satoshi then the coin it is trying to rejuvenate.
- Considering the block tax, I don't have the technical expertise to say something about that.
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
hero member
Activity: 1194
Merit: 502
summer 2.0...
after this mon .want to summer 3.0?
why not get new coin name...

Instead of Summer why not instead call it Autumn?
After all, autumn is the time that you collect mature fruits of summer. Wink

And now I address myself to dev and to the foundation.
If I understand then new project / proposal, with a fixed exchange transaction or
in other manner, for every Sum possessed we could get 2 of the new coins.

From this, one quickly learns the true value of the new currency, inevitably will be very very low,
half of what is now worth a SUM.

So at current price, at the time of the launch of the new currency would be worth just 100 satoshi. !!
IMHO, with a low value does not promise well for the future, in a very short time would be almost 0.

Since you want to create a new currency, IMHO it would be better to reformulate the project to try
to get immediately a value much more "relevant".

This could be achieved, greatly reducing the number of new coins and its exchange rate with the old currency.
I mean, not a large total mass of 100M coins as proposed now, but only 10M, or better yet just 1M,
an exchange transaction a bit like it was made in France in the transition from old francs to new francs (100->1).

Of course you will be adapted \ scale all other parameters, including the fixed exchange rate with the V1 Sum.

At the beginning this drastic change could create a little bad mood in the old owners, but IMHO make the currency
more rare now could lead to a more promising future, when there will inevitably be dealing with the loss
of value due to the time and the creation of new coin with the POS.

Regarding the financing of the foundation with a block tax, I basically agree, but IMHO should be discussed better.

For example the fee should not be generated in the POW period, as was done with SUM V1, but especially
during the POS, as is done in HobokenNickel with the Stake for Charity, but with the difference that it would
not be a form of voluntary donation, but a commission proportional specifically used for the support of
the foundation that has the only task is to support the currency.

So not a substantial remuneration in the short initial phase, as occurs in other currencies,
where the amount paid can not longer be controlled, and the coins are soon left to
themselves by the dev (as has happened to so many coins recently), but instead a small
constant support, active only as long as the money lives.

Given the recent past, I think this method of refinancing, make everyone more relaxed about
the lasting commitment of the team of developers.

I say this with no offense to new developers and members of the foundation, it is primarily to
make sure that everyone can perceive the difference, to make it clear right from the
conception of the project.

Of course, these are just my opinions.

legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
I don't understand how to change my summer v1 to v2?
+1 I dont either...HOW? This is important should be on page one.

Whats the procedure? I could not read the entire thread , old SUM coins will be exchanged after launch?

I'm sure that dev will give us details about this how it will work soon. Only ~ 5 days before launch! Get Your rigs ready guys Wink
sr. member
Activity: 462
Merit: 250
Whats the procedure? I could not read the entire thread , old SUM coins will be exchanged after launch?
legendary
Activity: 1393
Merit: 1001
I don't understand how to change my summer v1 to v2?
+1 I dont either...HOW? This is important should be on page one.
sr. member
Activity: 294
Merit: 250
So should we perhaps put some bounties on the to do list?
Things like faucets/translations/wallets/multipool etc?
full member
Activity: 210
Merit: 100
summercoin and badger coin was among the first x11 pow + pos but summer coin is the first to enter PoS followed by badger coin. I still remember summer coin network hash hit 7 gh i was like WOW (it was the highest x11 network hash obtain at that time). But things has change since. Nowadays , x11 network hash hit up to 600 gh (xc coin). So little time, so much change.
sr. member
Activity: 602
Merit: 252
if I'm not mistaken SUM was the first x11 POW\POS coin, right? Maybe promotion in this way is also a good thing Wink this was before BDG, that they advertise to be first Wink 
just a thought Wink
cheers
Yep, As far as I know summercoin was first X11 pow / pos  coin. Good idea with new launch.
bcd
sr. member
Activity: 252
Merit: 250
Pls create a twitter account and tweet the updates
bcd
sr. member
Activity: 252
Merit: 250
SUM getting hot - 500K+ buy (May 26th) @Bittrex



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