[SNT] Official Status Network Speculation

[Fastpow]

Is there anyone that knows a little more about how Ethereum works? Will the transactions that say "Unable to locate Transaction entry" maybe still go through or are they lost in the ether?

Your transaction is in the queue and will likely be there for a while.

The transactions that did go through are those that contributed heavily during the bug-fixing 'event' since they apparently got some kind of a pass that allowed them to guarantee participation. That was all published on the blog way in advance. I know people around here don't actually read up before investing which is what causes this mess.

All of the transactions that are being rejected have faulty instructions in them. The majority have more than 50 Gwei as their gas price (somehow basically everyone uses 57 Gwei which is too much). Others use less than 200000 gas which causes their TX's to run out of gas during the contract execution.

All of these faulty transactions are simply choking the network which is why no that set the right parameters is able to contribute. (50 Gwei and 200000 gas)

TLDR: If people actually knew what they were doing we wouldn't be in such a mess every time an ICO happens.

People read up before you invest for once.. https://blog.status.im/status-network-token-issuance-ad877b79a10

[SamLombardo]

I think this ICO is BS. Something fishy going on here... Whales definitely heavily favored in this. One transaction for 25K ethers (almost $9 million) went thru!
https://etherscan.io/tx/0x882120a7b723d33e6bd285ddc59f109186c6593902b5d8062a8d5721c8dadd4b

Gas Price:
0.0000002 Ether (200 Gwei)

[wafdawg]

A total of 14137 transactions found.  That crashed the network.  Wow!  Shit, Coinbase can handle that.

[HolyCross]

styca thank you very kindly for your words. most disappointment though is that I don't have any SNT now. no more cry, i work towards tomorrow ugh

[adam1230]

Is there anyone that knows a little more about how Ethereum works? Will the transactions that say "Unable to locate Transaction entry" maybe still go through or are they lost in the ether?

Your transaction is in the queue and will likely be there for a while.

The transactions that did go through are those that contributed heavily during the bug-fixing 'event' since they apparently got some kind of a pass that allowed them to guarantee participation. That was all published on the blog way in advance. I know people around here don't actually read up before investing which is what causes this mess.

All of the transactions that are being rejected have faulty instructions in them. The majority have more than 50 Gwei as their gas price (somehow basically everyone uses 57 Gwei which is too much). Others use less than 200000 gas which causes their TX's to run out of gas during the contract execution.

All of these faulty transactions are simply choking the network which is why no that set the right parameters is able to contribute. (50 Gwei and 200000 gas)

TLDR: If people actually knew what they were doing we wouldn't be in such a mess every time an ICO happens.

People read up before you invest for once.. https://blog.status.im/status-network-token-issuance-ad877b79a10

You honestly think that the 14000+ people that have gotten screwed so far by this ICO did not do that? Most of them did EXACTLY what they were supposed to do and only 82 ETH addresses have gotten through. The reason for this is what you need to be posting. Why have 82 ETH addresses been able to invest $40,000,000 and the rest of us been screwed so far? Can you answer that for me?

[V.Pelewin]

Is there anyone that knows a little more about how Ethereum works? Will the transactions that say "Unable to locate Transaction entry" maybe still go through or are they lost in the ether?

The transactions that did go through are those that contributed heavily during the bug-fixing 'event' since they apparently got some kind of a pass that allowed them to guarantee participation. That was all published on the blog way in advance. I know people around here don't actually read up before investing which is what causes this mess.

People read up before you invest for once.. https://blog.status.im/status-network-token-issuance-ad877b79a10

So almost half of the coins were sold to people who "got some kind of a pass"? That does seem like some form of insider trading.

@adam1230 Exactly.

[CryptoPro3]

And not one word from the Status team about this debacle...

I'm sure they are too busy popping champaign celebrating becoming crypto billionaires. They don't give a f*ck about us.

Screw Status, hope it fails miserably.

YES, I'm sour, but at this point I'm happy my tx didn't go through.

[btct_user]

theres a conspiracy!
ethereum foundation and etherscan.io secretly plotted to drop the network during each high profile ico
ico is let in only if it pays them some 
 

[jlspartz]

I think this ICO is BS. Something fishy going on here... Whales definitely heavily favored in this. One transaction for 25K ethers (almost $9 million) went thru!
https://etherscan.io/tx/0x882120a7b723d33e6bd285ddc59f109186c6593902b5d8062a8d5721c8dadd4b

That's just one.  In the first three blocks, there are 3 transactions that size (well, one is even larger). $30m in 3 transactions.

[Fastpow]

Is there anyone that knows a little more about how Ethereum works? Will the transactions that say "Unable to locate Transaction entry" maybe still go through or are they lost in the ether?

Your transaction is in the queue and will likely be there for a while.

The transactions that did go through are those that contributed heavily during the bug-fixing 'event' since they apparently got some kind of a pass that allowed them to guarantee participation. That was all published on the blog way in advance. I know people around here don't actually read up before investing which is what causes this mess.

All of the transactions that are being rejected have faulty instructions in them. The majority have more than 50 Gwei as their gas price (somehow basically everyone uses 57 Gwei which is too much). Others use less than 200000 gas which causes their TX's to run out of gas during the contract execution.

All of these faulty transactions are simply choking the network which is why no that set the right parameters is able to contribute. (50 Gwei and 200000 gas)

TLDR: If people actually knew what they were doing we wouldn't be in such a mess every time an ICO happens.

People read up before you invest for once.. https://blog.status.im/status-network-token-issuance-ad877b79a10

You honestly think that the 14000+ people that have gotten screwed so far by this ICO did not do that? Most of them did EXACTLY what they were supposed to do and only 82 ETH addresses have gotten through. The reason for this is what you need to be posting. Why have 82 ETH addresses been able to invest $40,000,000 and the rest of us been screwed so far? Can you answer that for me?

The answer is in the blogpost that I just linked..

I'm not affiliated with Status in any way but the cause of the problems with the network at the moment is pretty easy to see.

[ICO-n00b]

Really not a single person here that can tell me if I'm in or not? All my ETH is gone from MEW, but no tokens received.

[jlspartz]

Really not a single person here that can tell me if I'm in or not? All y ETH is gone from MEW, but no tokens received.

Do you have a transaction id? Or address?

[adam1230]

If I understand dynamic ceilings correctly then you cannot get through until it gets done with more blocks.

But even then that does not explain why all these whales got through with big gas prices.

[Fastpow]

If I understand dynamic ceilings correctly then you cannot get through until it gets done with more blocks.

But even then that does not explain why all these whales got through with big gas prices.

Just read that blog post.

[hitokai1989]

what does this mean? i kept getting this error

Transaction gas price is too low. There is another transaction with same nonce in the queue. Try increasing the gas price or incrementing the nonce.

[ICO-n00b]

Let me rephrase. Have anyone received the tokens?

[Judge-Dredd]

Here's a thought. Whitelisted whales have ruined this ICO and the masses trying to flood in behind them are revealing the shortcomings of the Ethereum network. What an absolute clusterfuck this launch has been. Down with Eth and their illegitimate assets. Long live the BTC!

[Vika26]

Здpaвcтвyйтe. Пoдcкaжитe в ICO Status ecть бayнти кaмпaния?

[Fastpow]

These are all the transactions (updated continuously) that did go through https://etherscan.io/address/0x55d34b686aa8c04921397c5807db9ecedba00a4c#internaltx.

The first 70 or so are by a few organizations that acted as a gateway for people that wanted to buy using fiat money and 1 or 2 organizations that pooled contributions and contacted Status.im.

[mems]

Here's a thought. Whitelisted whales have ruined this ICO and the masses trying to flood in behind them are revealing the shortcomings of the Ethereum network. What an absolute clusterfuck this launch has been. Down with Eth and their illegitimate assets. Long live the BTC!

How do I know Ethereum Network failed?