The IRC #guerillacoin now has a new TIP/RAIN bot, so the users that cant mine / trade get a chance of getting free coins from the community, feel free to join. |
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We are working on a richlist http://cryptos.link/guerillacoin/ and articles are popping up around crypto community,so it is a very exciting time for guerilla coin at moment,http://www.cryptoarticles.com/crypto-news/guerillacoin-proof-of-work-phase-is-over.More to come in the near future,stay tuned. The good news just keeps rolling in. good news indeed |
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15million total, 4.5million at end of PoW. It's all in the first post
Thank you. At the current price, it's about where it should be. Yes, if there's 15 mill coins out there thats true if it were a normal POS. Edit: Theres only 4,085,250 coins out there?? chain says so, if true gue still way undervaluated. http://guerillachain.com/gue/api/v1/chain/moneysupply/plain |
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Can someone explain me what's the hype about this coin ? From the ANN i can't seem to understand why it has a market cap of >15,000 btc (PoW only) at current price. Biggest pump & dump in history going on here ?
Among other things, an innovative, improved and more fair POS system, anon and great wallets and Devs. |
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Just 12 more days - Saturn evolves to Saturn2 POS 7.7 mill coins |
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Submited to poloinex vote list.
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We are making progress, working hard at it, need to catch some zees but will regroup in a few hours and have an ETA on the release.
Great news, thanks for the update. |
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is Cinni really crap? Poloniex owner just said that in trollbox
if you take a trollbox seriously, you really shouldnt be in this world...... lol i dont. in fact i dont think cinni is crap at all....  Yeah they said that cloak is crap too lol, and some "codder"(tf2honeybadger) from polo who is actually only a mod of a trollbox said that code is a crap, but he didnt know what he was talking about at all. So no worries, CINNI is ok  yes they said cloak is bad and buggy in their code and they will not add it, but ive been all day in polo trollbox and no mod nor busoni said anything about CINNI. Fudders lol |
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Can anyone guess on what Cinni feature I am looking forward too?? +1 I will be your first costumer, that looks good and tasty. |
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any news from dev's? can't wait to see and test new wallet
I hear on IRC that they are starting with the builds!  Yay |
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hei guys
what happen to the new wallet.
i jsut wait for whole day!!!
where is it?
my dear new wallet??
Remember Devs are at EST time  |
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I think the value for new wallet is already in price. So when it comes i do not expect significant rise
lol your a bit wrong my friend, everyone has been expecting the wallet to see if the devs deliver, thats why price has been slowly trending, if they do deliver before 24 hrs as they said, you will only miss the new highs as thats when the new wallet and technologies will start to kick in price. |
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Hey everyone -- just a little update:
We are 100% on track to release the wallet tomorrow. All major testing has been done and we are ready to go live. In fact, the wallet could be released tonight if we wanted, but we're just going to wait till tomorrow (mainly because cinnidev is currently offline and rynomster needs to get some sleep).
Expect a big day tomorrow.
Fantastic news! Great work team. There's gonna be a lot of interested buyers now. That new wallet with the encrypted messaging is a fantastic addition and you've beaten the other guys to the punch. This would be the best innovation after the POS system, Encrypted Messages and Full Anon transactions (not copy paste coinjoin like drk, xc and all that semi anon list) Way to go Devs! |
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mintpal votes.
#1335
#1336
#1337
I like that last number. and voted. #1345 |
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 ANNOUNCEMENTSummarized versionThe moment we all have been waiting for is here! We can finaly release the news about what we have been working on Since many of you don't like to read through large chunks of text, we will start off with a summary, followed by a separate post with the full version (and we highly encourage reading it, as it's pretty awesome). - SAT˛ supply: in May the total supply of SAT was reduced to 7.77bil, without major announcements or development plans. SAT˛ is a completely new project, by a new development team wanting to introduce new technologies in the blockchain using SAT˛ as the core. To make the coin more suitable for trading by not being a ‘penny-alt’, total supply of SAT˛ will be reduced to 7.77 mil, so 1/1000 of the current total supply.
- Automatic Transition to SAT˛: after explaining our future plans to Mintpal and Cryptsy, they agreed with us to do the move to SAT˛ as simple as possible, giving everyone the time to be ready. On Monday 30th June 2014 (exact time to be specified) all the SAT coins on Mintpal and Cryptsy will be moved to SAT˛ at the same rate of new supply (1 SAT˛ will be worth 1000 SAT), instantly ready for the completely new SAT˛ / BTC market. New blockchain will be released on Friday 27th of June to guarantee a working chain on Monday 30th June.
- Community controlled development fund: as a development team, SAT˛ is the technological base we’ll use for the future developments. To make it happen and grant a future to the coin, we’ll avoid any premine and use a development fund instead, which starts out empty and gets funded by minting rewards. The proposed development fund payout is 1% per year. This mechanism will work the same way as staking. For staking, a certain interest % gets paid based on the amount of coins that are held in the wallet in question. For the development fund for every minted block a small amount gets paid to the development fund, which will equal 1% after a year. This will grant future developments forever, not just first months, and interest to keep the projects interesting for the market, and no dumps will be possible.
- Future developments: The codebase for Saturn˛Coin is completely ready to go, developers have finished it completely. Most of the steps we are taking today, are mainly focused on creating a new, stronger foundation based on a new codebase and new team. This safeguards the future of Saturncoin, and the new codebase enables us to build new features and innovation on top of it. But there’s more, because we have not only been focusing on the switch to the PoS blockchain. We have also been actively working on new unique features. The features that are being worked on are strongly geared towards real-world adoption, for usage by anyone online (including those who don’t use crypto directly at all).
- Original SAT premine: old dev is not involved at all in SAT˛ and actually left months ago, with all the premine. We first released new wallets with a block in the code to lock the two wallets with the original premine, it worked out but then with the help of Cryptsy and Mintpal (our main exchanges) we discovered that premine was already sold on markets back in March. That means that our block worked out but was not needed anymore because the coins were back on the market. New SAT˛ will have no premine (see Point 3).
- New website: Today we are also launching the new website for Saturn˛Coin http://saturn2.co.in . The new website is based on the new branding and design of SAT˛, to underline once again that this is a completely new coin.
- Last 24h price of SAT: many asked about the price increase of the last 24h of SAT. An important factor to keep in mind is the fact that last month the total supply of Saturncoin was heavily reduced (from 50 billion coins originally, to 7.77 billion coins currently). Until now, it did not affect the price, since at the time we had not yet made these publications about our developments. Essentially that means that the price per Saturncoin has been heavily undervalued lately. And now that we get to release this news and publically display our commitment, the price increase is simply a correction based on the fact that on the one hand the supply was heavily reduced, and on the other hand because we are reestablishing faith with all the developments we are making.
- Saturn˛Coin Secifications:
- PoW/PoS hybrid
- Initial supply: 7,777,777 coins
- Initial supply will be used to exchange SAT to SAT˛ (at a rate of 1000 SAT = 1 SAT˛)
- NO premine
- NO IPO
PoS:
- First year: 10% interest per year
- Second year: 5% interest per year
- Third year onwards: 2.5% interest per year - Minimum stake age: 10 days
- Maximum stake age: 20 days
- Block target: 20 seconds
- Development fund: 1% per year
PoW:
- 10 SAT˛ per block
- Reward halving every week
- Block target: 80 seconds
- PoW gets cut off at block 21600 (which should take about 20 days)
Note: this will only be a very short PoW stage, which has a minimal impact on the total supply. The reason we need a PoW phase is because the minimum stake age is 10 days, so no staking will occur during the initial 10 days. During that time we need PoW to keep the blockchain moving. We have decided to let the PoW last for approximately 20 days, to ensure it covers the (theoretical) maximum stake age. After 20 days there is 100% certainty that staking will be taking place, and at that stage PoW will simply no longer be necessary.
With these new specifications we will be holding true to the original values of Saturncoin: speed.
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What does this coin has to offer?
I'd suggest you read through the topic. We're happy to answer specific questions, but such a generic question is already covered extensively. Maybe he is a bit lazy to read, Saturn is this cheap because of the previous FUD and devs that fled the project, Dev Team behind Saturncoin is a New Team and the coin wont be this cheap for longer, is making the transition to POS and will only have 7.77 mill coins 10 mill coins average prices are 10k - 50k, depending on development behind them, SAT team is MAGNIFIQ , i have no other words to express it and at this price getting sat before the transition is like getting it for 4k at this 4 satoshi price, price could increase from x2 to 20x after transition in my oppinion as it will prove the market once again the New SAT2 Team Delivers and with the great quality and improved features and ofc the Fast Speed of SAT this is just the beginning for SAT2. |
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Thanks for the quick openssl fix!
Vulnerability found in SSL today and Devs already give us a fix and update ! really phew coins do this, great job devs. |
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Seems a really nice coin
+1
watching
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ANNOUNCEMENTSummarized versionThe moment we all have been waiting for is here! We can finaly release the news about what we have been working on Since many of you don't like to read through large chunks of text, we will start off with a summary, followed by a separate post with the full version (and we highly encourage reading it, as it's pretty awesome). - SAT˛ supply: in May the total supply of SAT was reduced to 7.77bil, without major announcements or development plans. SAT˛ is a completely new project, by a new development team wanting to introduce new technologies in the blockchain using SAT˛ as the core. To make the coin more suitable for trading by not being a ‘penny-alt’, total supply of SAT˛ will be reduced to 7.77 mil, so 1/1000 of the current total supply.
- Automatic Transition to SAT˛: after explaining our future plans to Mintpal and Cryptsy, they agreed with us to do the move to SAT˛ as simple as possible, giving everyone the time to be ready. On Monday 30th June 2014 (exact time to be specified) all the SAT coins on Mintpal and Cryptsy will be moved to SAT˛ at the same rate of new supply (1 SAT˛ will be worth 1000 SAT), instantly ready for the completely new SAT˛ / BTC market. New blockchain will be released on Friday 27th of June to guarantee a working chain on Monday 30th June.
- Community controlled development fund: as a development team, SAT˛ is the technological base we’ll use for the future developments. To make it happen and grant a future to the coin, we’ll avoid any premine and use a development fund instead, which starts out empty and gets funded by minting rewards. The proposed development fund payout is 1% per year. This mechanism will work the same way as staking. For staking, a certain interest % gets paid based on the amount of coins that are held in the wallet in question. For the development fund for every minted block a small amount gets paid to the development fund, which will equal 1% after a year. This will grant future developments forever, not just first months, and interest to keep the projects interesting for the market, and no dumps will be possible.
- Future developments: The codebase for Saturn˛Coin is completely ready to go, developers have finished it completely. Most of the steps we are taking today, are mainly focused on creating a new, stronger foundation based on a new codebase and new team. This safeguards the future of Saturncoin, and the new codebase enables us to build new features and innovation on top of it. But there’s more, because we have not only been focusing on the switch to the PoS blockchain. We have also been actively working on new unique features. The features that are being worked on are strongly geared towards real-world adoption, for usage by anyone online (including those who don’t use crypto directly at all).
- Original SAT premine: old dev is not involved at all in SAT˛ and actually left months ago, with all the premine. We first released new wallets with a block in the code to lock the two wallets with the original premine, it worked out but then with the help of Cryptsy and Mintpal (our main exchanges) we discovered that premine was already sold on markets back in March. That means that our block worked out but was not needed anymore because the coins were back on the market. New SAT˛ will have no premine (see Point 3).
- New website: Today we are also launching the new website for Saturn˛Coin http://saturn2.co.in . The new website is based on the new branding and design of SAT˛, to underline once again that this is a completely new coin.
- Last 24h price of SAT: many asked about the price increase of the last 24h of SAT. An important factor to keep in mind is the fact that last month the total supply of Saturncoin was heavily reduced (from 50 billion coins originally, to 7.77 billion coins currently). Until now, it did not affect the price, since at the time we had not yet made these publications about our developments. Essentially that means that the price per Saturncoin has been heavily undervalued lately. And now that we get to release this news and publically display our commitment, the price increase is simply a correction based on the fact that on the one hand the supply was heavily reduced, and on the other hand because we are reestablishing faith with all the developments we are making.
- Saturn˛Coin Secifications:
- PoW/PoS hybrid
- Initial supply: 7,777,777 coins
- Initial supply will be used to exchange SAT to SAT˛ (at a rate of 1000 SAT = 1 SAT˛)
- NO premine
- NO IPO
PoS:
- First year: 10% interest per year
- Second year: 5% interest per year
- Third year onwards: 2.5% interest per year - Minimum stake age: 10 days
- Maximum stake age: 20 days
- Block target: 20 seconds
- Development fund: 1% per year
PoW:
- 10 SAT˛ per block
- Reward halving every week
- Block target: 80 seconds
- PoW gets cut off at block 21600 (which should take about 20 days)
Note: this will only be a very short PoW stage, which has a minimal impact on the total supply. The reason we need a PoW phase is because the minimum stake age is 10 days, so no staking will occur during the initial 10 days. During that time we need PoW to keep the blockchain moving. We have decided to let the PoW last for approximately 20 days, to ensure it covers the (theoretical) maximum stake age. After 20 days there is 100% certainty that staking will be taking place, and at that stage PoW will simply no longer be necessary.
With these new specifications we will be holding true to the original values of Saturncoin: speed.
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How can you say that SAT2 has 0 premine when SAT and SAT2 are directly related. This is a lie. There is an auto transition to SAT2. 1 SAT2 = 1000 SAT. Since this is a direct swap, you are really just rebranding. You can't just call it something new and change a few things and then claim 0% premine. It is based off a coin that was premined. Do you think we are stupid? What I am sensing here is that there was a huge premine in the past from some sketchy developer and you want nothing to do with that. If that is the case then why not make a new better coin? Are you trying to cover up something?
If you read carefully the announcement, you will notice the premine addresses have been blocked from the chain making imposible to spend those coins, they wont be able even to be converted, so yes SAT2 = 0 Premine and only 7.7 mill coins, prise rise is only investors wise gathering all the SAT they can before the change. Okay, well it's too hard for me to believe the premine has been pin pointed, blocked, none were spent and will ever be spent. Also, who has the authority to block a wallet? Can my wallet be blocked as well? Nop, everything is explained in the PDF Roadmap at: http://t.co/w9IKz71kxbfeel free to give it a read. |
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