[ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏

[CyberTrader]

RIP Sumo. Dumbest decision ever and ever... Greedy bastards. Bitmain involved 100%. Gave some cash and devs fucked the loyalty.

From the last 2 posts on their blog I suspect this is more because they are afraid Fireice will attack their network. I think they've panicked and switched back to CN to archive bigger network hashrate to prevent 51% attack... Still worst decision ever. They are ruining their coin anyways due to huge drop in exchange rate & volatility.

As you noticed... the coin was under attack. I assume it was a last call to save the project. And frankly... it worked. Of course a lot of people sold in panic. But as usual... panic and fear are bad advisors.

The future will tell if the coin manages to recover....

@Germining:

You sound totally different now. According to you (2 months ago), this was the best coin in the world with the most competent team of developers. Anybody asking about the premine or the team was labeled an "idiot"
and banned from telegram, etc.
Just so that you forgot to mention that the "most competent project team in the world hired" a developer who seems to have been in trouble with the law because they were desperate and incompetent. That said developer - also according to your developer in Vietnam - tried to take over Sumokoin. Bla Bla Bla

https://medium.com/sumokoin/all-truth-and-fud-on-sumokoin-project-7af6d1a03eb0

Well...here is the news. Check out the RYOCurrency forum. Their side of the story is quite different.

You told people to "invest" (mine or buy) in this great coin. Cryptopia suspended trading and you continue with your bullshit. You wanna-be smart alecs shouldn't have given away the keys to the castle
even if it was only a poor copy of Monero and your so-called team was incapable of developing something like cn_heavy. Read my posts months ago and you will see that these were the things I was asking about.
You and your pal Sumogr said that there were no GITHUB commits because the developers develop everything offsite. Feature sets were mostly copied from Monero and not even that was handled
properly by your so-called team. Few commits and a few changes to Monero...that's Sumokoin...although the idea wasn't bad at all.

But now...it's somebody else' fault. That's is what I meant when I repeatedly asked for transparency. You kindergarten kids don't get anything sorted and prey on the little folks.

Now, you assume...bla bla bla... well... stop bullshitting people here. You were proven wrong and so was your pal Sumogr. Maybe, you shouldn't post here anymore because you totally lost your credibility.
Good for you that crypto is not regulated. Otherwise folks would sue your asses. SumoGR probably cashed out and I assume the few coins they gave you aren't worth anything anymore.
Almost makes me feel sorry for you. I guess they bs'ed you as well? Or what's your excuse? Don't bother answering that. It was a rhetorical question.

Sumokoin...to the moon and never back! RIP

[1714011156]

1714011156

[1714011156]

1714011156

[jpdorn]

Tradeogre will stick w/ ASIC friendly chain >> https://twitter.com/TradeOgre/status/1003518060295147520

[codesdnc]

Tradeogre will stick w/ ASIC friendly chain >> https://twitter.com/TradeOgre/status/1003518060295147520

Reading the entire tweet, they're supporting both Ryo & Sumo.  And checking their site, they list both coins separately.

[CryptoCoin101]

RIP

[passnet]

From the last 2 posts on their blog I suspect this is more because they are afraid Fireice will attack their network. I think they've panicked and switched back to CN to archive bigger network hashrate to prevent 51% attack... Still worst decision ever. They are ruining their coin anyways due to huge drop in exchange rate & volatility.

As you noticed... the coin was under attack. I assume it was a last call to save the project. And frankly... it worked. Of course a lot of people sold in panic. But as usual... panic and fear are bad advisors.

The future will tell if the coin manages to recover....

_Was_ under attack or your were suspecting attack based on rumors? Your claim that ASICs provide "protection" and "decentralization" are incorrect. You don't know who stands behind that hashpower. It could be same group who could easily attack the network and fake transactions. The only reason not to withdraw for them now it to wait when exchanges will unfreeze trades and then it ruined. Surely this is only one of the possible worst case scenarios. But still old-CN coins have no future now. It's only a milch cow for ASIC owners while it lasts. No sane person would invest in such coin now.

[binh.cao]

I know difficulty is a problem but if this coin is a fork of mine to it'd be nice if there is merged mining so we can mine both coins at once monero and sumokoin. What do you think?

[newfagelite]

No lambo for us it seems 

[Igorillo]

goodbye sumo, we will remember you

[yeyicheng888]

It's nice to know that the team is still in progress. They are working hard to deal with. I believe the team will do a good job of SUMO.

[h0g0f0g0]

It's nice to know that the team is still in progress. They are working hard to deal with. I believe the team will do a good job of SUMO.

u dumb or what?

[Germining]

From the last 2 posts on their blog I suspect this is more because they are afraid Fireice will attack their network. I think they've panicked and switched back to CN to archive bigger network hashrate to prevent 51% attack... Still worst decision ever. They are ruining their coin anyways due to huge drop in exchange rate & volatility.

As you noticed... the coin was under attack. I assume it was a last call to save the project. And frankly... it worked. Of course a lot of people sold in panic. But as usual... panic and fear are bad advisors.

The future will tell if the coin manages to recover....

_Was_ under attack or your were suspecting attack based on rumors? Your claim that ASICs provide "protection" and "decentralization" are incorrect. You don't know who stands behind that hashpower. It could be same group who could easily attack the network and fake transactions. The only reason not to withdraw for them now it to wait when exchanges will unfreeze trades and then it ruined. Surely this is only one of the possible worst case scenarios. But still old-CN coins have no future now. It's only a milch cow for ASIC owners while it lasts. No sane person would invest in such coin now.

I (!!!) don't claim anything. And yes, the coin _was_under_attack...

[tomsmith26]

No lambo for us it seems 

yes. that's right , guy. Now SUMO is only a night dream and no one can save this coin from this situation and the collapse is must .
I feel regretful to this project and I expect Dev must do something to save this coin.

[buddy40]

Guys. whats the sumo pool for asics right now? i found only CPU GPU pools.... WTF
somebody give me the right pool... i'd like to try mining for couple days!!!

[pawelsalsa45]

Hi friends. Does anyone know what will happen with sumo stored on cryptopia during fork?  Is cryptopia gonna honor fork or is it gonna stick with sumo without giving investors the same amount of ryo? This is so confusing to me now, since if sumo is going to fail then cryptopia is suppose to stick with ryo , otherwise investors like me will lose thousands of dollars !!!   I think Ryo has not even be on cryptopia yet, so confusing and stupid.

[ninjavz]

Just checked Cryptopia:

"Market Paused

02/06/2018: Cryptopia is very disappointed at the behaviour of the various parties in the SUMO/RYO debate and how they have sprung this on us without notice. We have had zero time to evaluate the situation. To protect all funds of our users, we will be pausing all markets/wallets until the dust settles. We will re-evaluate and decide which chain or chains we will allow users to withdraw on."

[ninjavz]

And here is the link to the story they posted on Twitter:

https://medium.com/sumokoin/all-truth-and-fud-on-sumokoin-project-7af6d1a03eb0

[pawelsalsa45]

Thanks for feedback but we still know nothing. As for me, Cryptopia suppose to honor fork and provide us, investors with the same amount of Ryo as if we were keeping our Sumo in official wallet. Otherwise we gonna lose a lot of money. Ryo is listed on tradeorge now and If I had kept my Sumo in wallet I would have had the same amount of both coins now after fork. And this mean that I would have doubled my savings! This will be unjust if cryptopia stick with only one coin and not both! C'mon Cryptopia, I trusted you keeping my coins at your exchange!

[Alejandur]

No lambo for us it seems 

I'm still holding and I wish I get two lambos (one with Sumokoins and one with Ryo).

[codemanX]

Guys. whats the sumo pool for asics right now? i found only CPU GPU pools.... WTF
somebody give me the right pool... i'd like to try mining for couple days!!!

These are the pools which supports the new Hard Fork of Sumo with Asics, they just announced in their Announcement Channel on Telegram:

- https://pool.sumokoin.com
- https://sumokoin-pool.com/
- https://easyhash.pro/sumo/
- http://www.sumopool.de/
- https://sumokoin.hashvault.pro/en/
- https://sumo-pool.theskynet.xyz/
- http://sumo.pandapool.nl/
- http://pool.sumokoin.net/
- http://easyhash.io/
- https://sumopool.eu/

[xenomorphe1]

What's going on with SUMOKoin project?
Why its price plummeted like this chart shown
https://coinmarketcap.com/currencies/sumokoin/
Are there processes, internal developments form it's team?

Sumokoin is now controlled by ASIC miners. CPU/GPU miners are leaving.

Most ASIC miners are going to immediately sell their Sumokoin for Bitcoin. It will be a little like Electroneum i suppose. The coin price is going to be stuck at a certain price or fall more.

When does the rebranding(hardfork?) to Ryo is going to take place? And is it going to be made or not? Is it going to be a new coin?