This is a 100% copy of the bitcoin source code, just replacing the name. 2 minutes work with a global string replacement in the code.

Original repository:

https://github.com/bitpay/bitcoind-rpc

Sirius repository:

https://github.com/siriuscore/siriusd-rpc

The only thing they REMOVED is the copyright line "Copyright 2013-2014 BitPay, Inc." at the bottom, which is even illegal.

So you are right, they did do at least "something", it is not completely dead, still twitching a bit.

What do you mean? It is already on Cryptopia:

https://www.cryptopia.co.nz/Exchange/?market=SIRX_BTC

0 BTC trading volume in the last 24 hours, less than half launch price, last activity in Github 18 days ago:

https://github.com/siriuscore/sirius

and this was only changing 6 lines of code to add some addresses. Previous commit was 6 months ago.

The project is dead. They got their BTC for listing it on Cryptopia, keeping the rest, then dumping most of their coins, and now they are laughing their ass off when someone here writes that they will still do something, while chilling at a south sea beach.

I already sold it when it was still 0.00001

I'm not on Slack, what do you mean by "active"? Still no activity on their github account at https://github.com/siriuscore/sirius , for 6 months now, except some tiny cosmetic changes 11 days ago. As predicted, I think this coin is dead, with the price now much less than half when it was listed on Cryptopia, and last daily trading volume of 0.07 BTC per day. It is like penny stocks now.

Bitcoin is going down like 13%. SIRX was going down nearly 50%, but looks like someone is starting to pump it now. Very dangerous, will drop again, if there is no progress on the development.

Where is the white paper? On the homepage https://getsirius.io I can only find the position paper. And on the github repository they didn't even bother to change the documentation from the original Bitcoin client, from which qtum was initially cloned:

https://github.com/siriuscore/sirius/tree/master/doc

And looks like it is not only my opinion, price drops like a stone. Probably the devs are dumping it, too.

What project? Nobody proved me wrong when I said that there is no developer activity for the last 6 months on github (except some very minor changes 2 days ago) :

https://github.com/siriuscore/sirius

And lets do some checks on the team members mentioned in the position paper ( https://getsirius.io/docs/Sirius-Position-Paper.pdf ) :

Iolar Demartini Junior: Looks like this is his twitter account: https://twitter.com/iolardemartini Some funny facebook postings, then lots of tweets advertising other altcoins, like Java Coin, Loyakk, Crystals Platform, Typerium etc. Clearly not that much interested in Sirius.

Andreas Lepidis and Mischa Wiedouw: can't find much about them, just their linkedin profiles: https://www.linkedin.com/in/andreaslepidis/ and https://www.linkedin.com/in/mischa-wiedouw-86495822/ . Both studied at the same university at the same time in Rotterdam. Main skills are Microsoft Office, Research and PowerPoint. Sirius doesn't seem to be interesting enough for them to mention it in their linked-in profile.

Axel Karlsson: looks like a common name, can't find something about him related to Sirius. You would think that someone posts about the project with his name, if he is part of the main team?

Ryan Loomba: finally someone who mentions "Blockchain" on his linkedin profile: https://www.linkedin.com/in/ryan-loomba-b2885410/ But no mention of Sirius. According to the profile, he is still working on Zednode.

I didn't bother to check the other names. I wouldn't be surprised if you ask some of the people, that they even don't know what Sirius is.

So my impression is that they cloned the Qtum coin, then they did some work in December last year to make it work and compile with the new name and network addresses, and then they did everything to get it listed on an exchange so that they can dump all the coins they have. No wonder the exchange rate is dropping.

Why do you think this? There is no evidence on Github that the developers are doing anything for the coin, see https://github.com/siriuscore/sirius , the developers were sleeping for the last 6 months. It is just a clone of another coin with no additional features at all.

And there are only 2 people (or 3, if this is a different Mischa) sending commits. But there is a new commit from yesterday: they replaced the broken OXS build instructions with a note that it doesn't work, and that you should use the wine emulator. Great  And they added some addresses for a testnet. So looks like they cloned the Quantum coin, then did nothing, at least not in the github repository. Usually you have multiple development branches, and all the developers are using it frequently, as you can see for other coins. Don't know, all I can think of is this:

https://www.youtube.com/watch?v=3gfntBEI3Aw

Unless everyone can see your code to verify that the security is strong, it is security by obscurity, and every security researcher and organization doesn't recommend it, e.g. "The National Institute of Standards and Technology (NIST) in the United States specifically recommends against this practice: "System security should not depend on the secrecy of the implementation or its components.", from https://en.wikipedia.org/wiki/Security_through_obscurity .

Here is an example of an open source banking solution: http://www.fintp.org It doesn't make sense to say that it is not safe. The opposite is the case: if everyone can see and review your code, you can get feedback to make it more safe. Otherwise bugs might be only found by black hat hackers.

Another big example of an open source financial system that works perfectly is the Bitcoin network. Traditional closed sourced banking is a dinosaur and I thought with the start of Bitcoin this was extinct.

Another famous open source example for banking is Paypal, see there github repository: https://github.com/paypal While they might not have released their core server code (but I didn't examine all 155 repositories they have), they have lots of source code available for third parties to integrate Paypal.

You plan that webshops can integrate Crypterium. You should at least have open source code so that webshops can do this easily.

Wouldn't it be better to provide a public beta version for everyone instead to just "a certain part of our audience", maybe on the testenet (using the Ethereum Ropsten testnet and a test version of your backend) ? And would be nice to publish at least the source code of the client app on github, so that other people could look at it and give you feedback about security etc. As written before, security by obscurity is not working.

That's bullshit. There is a name for it, https://en.wikipedia.org/wiki/Security_through_obscurity and e.g. one of the main reason why Windows has so much malware, but Linux nearly no. If your system isn't safe if you publish the source code, then it isn't safe at all.

Don't know if you know this, but the founder of the coin is Garret Camp, co-founder of Uber:

https://techcrunch.com/2018/03/01/uber-co-founder-garrett-camp-is-creating-a-new-cryptocurrency/

I guess you can forget now Crypterium etc. If this works out and gets as successful as Uber, everyone will use this for daily payments.

He can still get his tokens. If the wallet supports to export the private Ethereum key, he can import it in a wallet which supports ERC20 tokens. The transfer needs only an Ethereum address, it doesn't matter if the wallet doesn't support it, it happened nevertheless. That's a property of the Ethereum blockchain. A wallet is just a user interface to it and you can change it (if you have your private key).

What do you mean "very long time"? Tokens were distributed since 2 months. I think they said it will be at exchanges in March. But to be honest, until the app works and people are using it, it may need another year, because this is how programming works. I recommend to hold it at least until then.

See last 30 days trade volume:

https://data.bitcoinity.org/markets/volume/30d?c=e&t=b

More than 200k BTC are traded per day. That's more than $1.7 billion per day. Throwing away $20 million to pump the price won't change it much. And I doubt the miners would or could do this often. At least many miners would need to combine their money to buy Bitcoins, but then it would be more profitable for the miners who don't collaborate, so it won't happen.

They can be incentivized as much as they want, it doesn't matter. Bitcoin market cap is $146 billion. I don't know how much they have invested or how much they are willing to invest to pump the market, but I still think it is a drop on the ocean. Please explain how else they could pump up the price other than buying bitcoins and how do you come to the conclusion that they have enough money to pump the price.

And if the power costs are higher than the reward, then it is a no-brainer: E.g. electricity costs $1 million per day. Reward is $900k a day. Then they lose $100k per day, if it runs, but you make $0 per day if it is shut down. Of course, it might be not full-on / full-off, they might try to keep running half of it, and if everyone does it, profit still gets positive, but it doesn't matter for the price.

I don't have to add much to the good answers in the thread you posted, most people think that your argument is not valid, and so do I. Miners would just shut off their equipment if it isn't profitable anymore. This would reduce the global hashrate, so the remaining miners, the ones who are probably heavily invested in hardware, would make more bitcoins per hash, and it would be profitable again. It is a self stabilizing system: the buyer demand dictates the price, but the price dictates the hashrate. The conclusion is that it is possible that it drop to $3k or even lower, if there is not enough demand. All the miner can't prevent it, because they won't buy back millions of bitcoins. And if they would, it would be just a small spike in the price, because there are so many more people and other investors who would sell then their bitcoins. Just a drop on the ocean.

Why would you do this? You could sell it for $8600 at the moment. So this would be effectively throwing away money.

Here is my offer: please sell 0.59 BTC, this will give you $5000. Then send me the rest 0.41 BTC to my bitcoin address 1ieKggPzp2DfroFBNie4ib77kHKNbJMkw. Thanks

I have to send it manually. But automatic sending would be interesting and would eliminate complicated things like EtherDelta, at least for the initial distribution. Maybe this could be implemented with a smart contract as well?