These proposed "smart" implementations are nice and cool albeit geek stuff. However, it's pointless to have them if the primary use case (i.e. functioning as cash) is not allowed to gain a foothold first and foremost.
Yes, the idea was never for these suggested features to supersede nor be prioritized over the more fundamental features that you referred to in your post. The goal is to get some brainstorming going for additional features that can be added once the current dev roadmap goals are achieved. Smart features could then follow thereafter...when Sumo will have achieved a relative degree of mass adoption.
I disagree, however, that smart features need to wait until a relative degree of mass adoption is achieved. I think cryptocurrencies are at a point where mass adoption will be easier to achieve if we can first convince the merchants to accept them, rather than try to convince users to buy with them. The latter of course would be preferrable, but it would take a long, long time. Mobile wallets and the other features you referred to, and which the dev's are working on right now, are extremely important for making use easier. But even if everyone wanted to pay using SUMO, it won't matter if the merchants don't trust that their coins will be safe in their wallet; they just won't accept any payments that way or, in a best case scenarion, they will accept payments but with a substantial additional fee applied on top of what they would regularly charge when using other, safer payment methods. Ease-of-use features and safety features must go hand in hand in my opinion. We can convince thousands of people to use SUMO for payment, but it won't matter if no merchants feel confident enough to accept it. Convince 10 merchants to use sumo, on the other hand, and you automatically raise awareness of the coin and expose it to thousands or tens of thousands of potential buyers - at which point ease-of-use features would become critical if the users are to use the coin, so they must be ready. Seriously? "Fake wallet/password"? What kind of cockamamie, spaced-out/space cadet concept is that? Have the top cryptos implemented such absurdity? Implementing an absurd feature that sounds cool for the sake of being cool and different does not really make it cool nor practical. If anything, I think you personally like to implement such a feature (if you can even call it that) in order to be able to skirt the law/buck the system ("plausible deniability"...) based on your argument above in favor of it.  Chill out dude. He was just throwing ideas. No need to be aggressive My statement is a matter of fact and stating the obvious though in a rhetorical manner. Why is that aggressive? Or are you just getting defensive because I called out such absurdity? And why are you speaking for him? Are you his lawyer? Absurd/silly ideas need to get shut down right off the bat (before it gets a foothold and drag on) to make room for sound and worthy ones. That said, please continue brainstorming. However, always keep in mind to not put the cart before the horse while in the process. Almighty cryptocurrency expert get in terms with the fact that there are no silly ideas ,there are silly people being insultive to other people whose ideas they find silly. Now unless you have a "silly" idea to contribute to the project move along. Thank you EDIT: By the way there are 5 devs running the project at the moment and I think they do possess the required skills to distinguish the "good" from the "silly" ideas no need for you to worry so much |
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These proposed "smart" implementations are nice and cool albeit geek stuff. However, it's pointless to have them if the primary use case (i.e. functioning as cash) is not allowed to gain a foothold first and foremost.
Yes, the idea was never for these suggested features to supersede nor be prioritized over the more fundamental features that you referred to in your post. The goal is to get some brainstorming going for additional features that can be added once the current dev roadmap goals are achieved. Smart features could then follow thereafter...when Sumo will have achieved a relative degree of mass adoption.
I disagree, however, that smart features need to wait until a relative degree of mass adoption is achieved. I think cryptocurrencies are at a point where mass adoption will be easier to achieve if we can first convince the merchants to accept them, rather than try to convince users to buy with them. The latter of course would be preferrable, but it would take a long, long time. Mobile wallets and the other features you referred to, and which the dev's are working on right now, are extremely important for making use easier. But even if everyone wanted to pay using SUMO, it won't matter if the merchants don't trust that their coins will be safe in their wallet; they just won't accept any payments that way or, in a best case scenarion, they will accept payments but with a substantial additional fee applied on top of what they would regularly charge when using other, safer payment methods. Ease-of-use features and safety features must go hand in hand in my opinion. We can convince thousands of people to use SUMO for payment, but it won't matter if no merchants feel confident enough to accept it. Convince 10 merchants to use sumo, on the other hand, and you automatically raise awareness of the coin and expose it to thousands or tens of thousands of potential buyers - at which point ease-of-use features would become critical if the users are to use the coin, so they must be ready. Seriously? "Fake wallet/password"? What kind of cockamamie, spaced-out/space cadet concept is that? Have the top cryptos implemented such absurdity? Implementing an absurd feature that sounds cool for the sake of being cool and different does not really make it cool nor practical. If anything, I think you personally like to implement such a feature (if you can even call it that) in order to be able to skirt the law/buck the system ("plausible deniability"...) based on your argument above in favor of it. Chill out dude. He was just throwing ideas. No need to be aggressive |
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Thank you danycoman for adding Sumokoin to your pool. However you must have a misconfig to your script regarding our coin cause the displayed global hashrate is wrong |
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I dont know if it sooths your reservations at all the fact that all premined coins have been placed in escrow wallets, locked until 2020. You may check and confirm it at the announcement post.
The value of Sumo will have increased manyfold by 2020 also. Therefore, having the premined coins locked in escrow is not a valid nor a logical proof or indication of "sincerity". Furthermore, who has control of the escrow in the first place? In any case where's the logic in dumping all premined coins in 2020 when at that time the number of coins in circulation will be enormous as well as the capitalisation, hopefully. By then devs will be "filthy" - no pun intented - rich, all they have to do is convert partial amounts into fiat. Dumping the whole premine as soon as the coins are released would be like liquidating their entire business and assets in corporate terms. How's lump-sum instant wealth? No need for logic to figure that one out. With that kind of money, why would the players be concerned at that point in time about the circulation and market cap of a crypto that they just dumped on and made a killing as a result? No logic there. Edit: In other words, after winning a record Mega Lottery prize, do you really honestly care about what happens to the Lottery Commission after that? What would make you happy then regarding the premine? What should they do with it? The premine exists and that is a fact, what is your proposal to make investors more confident that this is not a dumping scheme? Whether I'm happy...or sad...about the premine is irrelevant. I'm simply stating that it exist (like you stated) and the "temptation" that it presents. I really don't care what they do with it. I just hope that they mean well and sincere about their plans and goals and that they deliver the "goods" to make it successful for everybody's sake and welfare...and not enrichment of just a few. Investors? Why would a supposedly decentralized platform wanna be mired with investors? Based on your posts so far, it seems that you're cheerleading the project which is giving me the impression that you're some sort of a spokesperson for it. I hope "investors" is not a Freudian slip on your part. I certainly did not mention "investors" in any of my posts on here. We share the same hopes on that. Well i am not a spokesperson for it, i've just happened to join the project at the first day and gradually got "attached" to it. Eventually, after talking with them, I came to think that devs are sincere and know what they're talking abt so I decided to stand up for Sumokoin, hope you are not critising me for this. Why do you demonise the word "investors"? buying this coin or any coin or anything that you hope and/or predict that will get a later value is an investment and that makes you an "investor". By investors I do not mean sponsors that will centralise the project. Maybe we attach a different meaning to the term. Anyway I am happy that people with solid view like yourself are interested in the project. |
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I dont know if it sooths your reservations at all the fact that all premined coins have been placed in escrow wallets, locked until 2020. You may check and confirm it at the announcement post.
The value of Sumo will have increased manyfold by 2020 also. Therefore, having the premined coins locked in escrow is not a valid nor a logical proof or indication of "sincerity". Furthermore, who has control of the escrow in the first place? In any case where's the logic in dumping all premined coins in 2020 when at that time the number of coins in circulation will be enormous as well as the capitalisation, hopefully. By then devs will be "filthy" - no pun intented - rich, all they have to do is convert partial amounts into fiat. Dumping the whole premine as soon as the coins are released would be like liquidating their entire business and assets in corporate terms. How's lump-sum instant wealth? No need for logic to figure that one out. With that kind of money, why would the players be concerned at that point in time about the circulation and market cap of a crypto that they just dumped on and made a killing as a result? No logic there. Edit: In other words, after winning a record Mega Lottery prize, do you really honestly care about what happens to the Lottery Commission after that? What would make you happy then regarding the premine? What should they do with it? The premine exists and that is a fact, what is your proposal to make investors more confident that this is not a dumping scheme? |
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I dont know if it sooths your reservations at all the fact that all premined coins have been placed in escrow wallets, locked until 2020. You may check and confirm it at the announcement post.
The value of Sumo will have increased manyfold by 2020 also. Therefore, having the premined coins locked in escrow is not a valid nor a logical proof or indication of "sincerity". Furthermore, who has control of the escrow in the first place? Well that's a fact but if you believe that in 3 years the price of Sumo will have increased manyfold it means that you do believe that the coin will become popular in the next couple of years. In any case where's the logic in dumping all premined coins in 2020 when at that time the number of coins in circulation will be enormous as well as the capitalisation, hopefully. By then devs will be "filthy" - no pun intented - rich, all they have to do is convert partial amounts into fiat. Dumping the whole premine as soon as the coins are released would be like liquidating their entire business and assets in corporate terms. Now regarding who has control of the escrow I think the devs would have to answer this instead of me. It may sound cliche but " we will have to wait and see... " |
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I think that if the devs are able to deploy useful tools ASAP to promote the primary function/use-case of Sumokoin or other similar cryptocurrencies for that matter (i.e. conveniently/easily transacting P2P just like cash) and therefore achieving mass-adoption as a consequence, it will have a very good chance of outpacing its sibling/parent sooner than later. For example, I have been wanting to be able to transact P2P with XMR within my circle like I have been able to do so with BTC for years now but to date, XMR has yet to release a simple, functional, secure and private mobile wallet (Android, etc.). It's really not practical or convenient lugging around a desktop/laptop (requiring WiFi connection) just to transact P2P (person-to-person just like with cash). I strongly believe that this is "key".
Ideally, the mobile wallet would connect by default to trusted, private and secure nodes (for user friendliness out of the box) designated/supported/endorsed by the devs that are devoid of any form of "logging" with an option to connect to one's personal/private nodes running at home or other locations that he/she has control over (for advanced/paranoid users). This is in accordance with the fungibility/privacy/security ethos of Sumokoin and similar cryptos that claim such features.
Good luck, devs!
That is one of the best comments to the coin so far. Couldn't agree more. A nice mobile wallet would be sweet. Thanks for the kind words. However, I expressed my views with both reservations and hope at the same time. Reservations -- just like a lot of followers in this space, I'm not comfy with premines/ICOs because they create a temptation factor for yet another P&D scheme. Hope -- that the devs mean well and are truly sincere about establishing a truly cash-like crypto that everyday people would use everyday (actual mainstream adoption and not just a pipe dream or a scheme). Hope -- that if it is indeed a sincere effort, they would deploy key tools to promote mass-adoption and usage (mobile wallet) a lot quicker (hopefully very soon) than its sibling/parent which has been lagging for a couple of years now. We shall see. I dont know if it sooths your reservations at all the fact that all premined coins have been placed in escrow wallets, locked until 2020. You may check and confirm it at the announcement post. Regarding your hopes, all community wish for the same. All devs sound sincere and they have comitted to turn Sumokoin in a popular digital cash option as you've described We shall see indeed  |
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Seems what nicehash or f*ng botnet controlls 99% of whole network hashrate: 62Kh in public pools and about 1.7Mh in solo, private pools
Unfortunately things like these cannot be avoided since Sumokoin remains the more profitable cryptonight coin to mine at the moment |
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Hi everyone Can someone more knowledgable please advise me.. Been CPU mining for 48hrs via the official mining pool. It's just on my laptop - but think it's working OK. Getting messages like "CPU #2: 11.73 H/s" and "accepted: 5/5 (diff 0.000), 40.00 H/s yes!" Setup the miner with my wallet details. " cpuminer-gw64-core2 -a cryptonight -o stratum+tcp://pool.sumokoin.com:3333 -u Sumoo3Dqme3SZpakoecJzo9v5XVbtRJsD7R9nAvhLxp1TABakWCK4G72u3hxzvqHmABHqdyXyPjdR7d 28t5BkVj227SLs7asA3W -p x " Have checked my wallet today and after 2 days mining it's still completely empty.? Is there any method of checking I'm setup correctly? How long will I be waiting for a payout? Many thanks :-) You should wait for two things 1. Each block you ve helped mine to mature and get 60 confirmations 2. To reach the minimum payment threshold of 0.5 Sumo What's your pending balance say in the front page? By the way you made feel nostalgic by reminding me Monkey Island |
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Find below a current short term roadmap (for the next few months). If anyone wants a higher resolution of the image please message me on telegram Any suggestions/ideas for improving the layout on this or the next one are more than welcome  |
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Devs have applied to Bittrex to enlist our Sumokoin in their exchange. It will speed up the process if our community put in a good word with them by contacting Bittrex.Devs will come up with an updated short-term devplan within the next days (Do not overdo it, no big words, no lies, no overpraising, just describe it's features and tell them why you believe in the coin and why you think it is necessary to include it in their exchange the soonest possible - Thank you all in advance ) Thanks for the info. What's the best way to contact Bittrex about the sumo ? TIA Please dont spam their email though. Send a few decent words of support for the coin and why you think they should enlist it. There is no need to annoy them. |
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Awesome, thanks for the update! It would be really nice if we could have news like these added to the Blog on sumokoin.com so that people can easily and quickly find the most important updates; someone new to the coin might not have the time or energy required to go over all 50+ pages of the thread. Just putting the idea out there. The news posts don't need to be fancy; even just a copy/paste of the most important updates added in this thread and/or in Telegram would suffice. We could then have a prominent link to the blog at the top of the first post in this thread for all newcomers to check out. I believe this would help grow the community and interest by making it easier for people to know what is happening with the coin.
Come over and join telegram then to make your suggestions directly to the devs. They are open to all suggestions regarding development and coin growth and acceptance. In fact they are asking for suggestions for features that community deems important for the coin in order to develop them |
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Devs have applied to Bittrex to enlist our Sumokoin in their exchange. It will speed up the process if our community put in a good word with them by contacting Bittrex.Devs will come up with an updated short-term devplan within the next days (Do not overdo it, no big words, no lies, no overpraising, just describe it's features and tell them why you believe in the coin and why you think it is necessary to include it in their exchange the soonest possible - Thank you all in advance )
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Yesterday Sumo was more profitable to mine with CPU than Monero! Today the difficulty problem has changed that even @ .00013BTC  My friend the difficulty problem was solved weeks ago. The network is running smoothly. The fact that global hashrate is rising is most likely based on the fact that more people are finding the coin interesting. Dont worry price will adjust accordingly. It cant stay at .00013 BTC with this global hashrate. It will certainly correct to a higher level soon |
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Do DEV have any update about new markets? That would be nice to know...
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
is the Coin OK the why the price drop?? Sure is ok. Price drop as market strategy to buy more cheap by holders. They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers. After that scared people will start to put on sell lower than them and than they buy all at price they want. Miners will not sell only at decent price now more than 0.0001 because they use energy for mining. That is my opinion. BR. The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins) SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then. I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future. I still dont get your train of thoughts and the reasoning behind it but every opinion is respected. maybe and maybe not. price'd hit bottom when little or no investments pouring in, not bz of supply. ofc, from such point of view, the worst scenario could happen to all coins. don't do anything that can tarnish coin reputation, keep working is the best way to avoid it IMO. this coin has good potentials but not enough to ensure it always has good price like all other coins, yet i believe there will be a balanced point You are talking abt an only two month's old coin. The potential is there and this can be proven by its 4 active devs. I agree that there are not a lot of things differentiating it from Monero yet (although there are some differentiating features already ) however if you follow the coin carefully and join the telegram group as well, you will find out by yourself that there are a lot of innovative features on the way. The good thing abt this coin is that nothing is announced before it is fully developed and thoroughly checked ( check the case with the improved difficulty algo for example ) well, i follow this coin from the beginning and never underestimate or undervalue it. i know the way Japanese devs work, not too fast yet surely high qualified. ppl who expect sth suddenly happen with hype and over promises should keep away from this coin, that is. but price is another story, it depends on many market factors and investments vs coin emission should be seriously concerned, right? On that I totally agree with you. This coin is not for short term small profit investors (although you never know, in the crypto world everything is possible). Howver if Sumo continues to be developed at the same rate, with the same proficiency, I believe that it will get its place and value among the major coins in the following years. Check that coin emission follows the same path, it will reach pick value at the time we expect the coin to be fully developed ( This is also the time devs locked their funds as well ) |
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Do DEV have any update about new markets? That would be nice to know...
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
is the Coin OK the why the price drop?? Sure is ok. Price drop as market strategy to buy more cheap by holders. They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers. After that scared people will start to put on sell lower than them and than they buy all at price they want. Miners will not sell only at decent price now more than 0.0001 because they use energy for mining. That is my opinion. BR. The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins) SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then. I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future. I still dont get your train of thoughts and the reasoning behind it but every opinion is respected. maybe and maybe not. price'd hit bottom when little or no investments pouring in, not bz of supply. ofc, from such point of view, the worst scenario could happen to all coins. don't do anything that can tarnish coin reputation, keep working is the best way to avoid it IMO. this coin has good potentials but not enough to ensure it always has good price like all other coins, yet i believe there will be a balanced point You are talking abt an only two month's old coin. The potential is there and this can be proven by its 4 active devs. I agree that there are not a lot of things differentiating it from Monero yet (although there are some differentiating features already ) however if you follow the coin carefully and join the telegram group as well, you will find out by yourself that there are a lot of innovative features on the way. The good thing abt this coin is that nothing is announced before it is fully developed and thoroughly checked ( check the case with the improved difficulty algo for example ) |
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Do DEV have any update about new markets? That would be nice to know...
And a question for the communitiy: how can I help to promote the coin? I am quite a noob... what can I do? Any ideas?
is the Coin OK the why the price drop?? Sure is ok. Price drop as market strategy to buy more cheap by holders. They buy 1000 as example at any price and after that they will put them to sell at very low price more than buy offers. After that scared people will start to put on sell lower than them and than they buy all at price they want. Miners will not sell only at decent price now more than 0.0001 because they use energy for mining. That is my opinion. BR. The coin is just fine, 2 things affecting sumo's price at the moment 1. Nicehashers wanting to pay their nicehash bills (so they will sell at any price) 2. The uneasiness of the entire crypto world due to the upcoming bitcoin fork (this affects all coins) SUMO emission will only increase till 2021 so I doubt we will see any higher prices til then. But who knows, since it is 4 years till then. I don't get it, Sumo will increase yes indeed but not in a disproportionnal way, so when the coin will be more known, more buyers will buy the coins mined.. Today it is like 10k Sumos per day, and it will be higher with time but I do not get why do you think price will not be higher. I think this is a really wrong statement to make. O I am pretty sure that will happen. SUMO price should hit bottom in 2020 or even latter. Just go research all PoW coins and their emission and you will see that. But as I said till 2020 is long long time so is hard to predict. But what I am 100% sure is that there will be way cheaper coins as are today at least at one point in future. I still dont get your train of thoughts and the reasoning behind it but every opinion is respected. |
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when i try to start gui wallet, it says - fatal error " failed to execute script wallet" -
how can i solve this problem?
What OS do you use? windows 10 x64 Try running it logged in windows with administrator account |
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Will add a coin to Poloniex?
Poloniex? I think it is extremely unlikely. ) At this stage.. I'm waiting for any other exchange.. Why do you think it is unlikely? Obviously, because there is no reason to think otherwise.) Coin is not bad, but have not grown before POLO. Given the current situation with anonymous Devs and very big premine, I have my doubts about bittrex. And of course polo.. That way there is about bittrex, no news? I think your doubts will disappear within the next months |
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