[SNT] Official Status Network Speculation

[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?

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.

Come on, that blog post is bullshit:

"The ceilings are designed to present hurdles for larger unknown ‘Whales’, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."

Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown ‘Whales’" but not to the known ones.

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.

So basically only insiders got in.

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!

Ethereum price is already dropping...

[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.

Come on, that blog post is bullshit:
"The ceilings are designed to present hurdles for larger unknown ‘Whales’, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."

Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown ‘Whales’" but not to the known ones.

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.

So basically only insiders got in.

So you still haven't read the relevant parts yet.. I'll quote it for you :

As discussed in our Slack channel and in our previous post, our distribution partners BitcoinSussie and ICOage were both selected to help on board contributors in the community who are holding fiat. We’ve since had a number of gateways reach out, and this may prove to be an effective avenue to effectively cap the maximum contribution amount per participant. We’re expecting ~2,000 individual stakeholders via these allocations, each with their identities verified — and we’ll provide a summary after the Contribution Period

And furthermore:

Transaction Pooling
In an attempt to reduce the burden on the Ethereum network, our friends at imToken have hatched the plan to pool small transactions of their most-active users, and pool them into a single transaction, which will be white-listed by our smart contract (by removing 50 Gwei gas price restriction).
It is important to note that all of the previously mentioned distributions will will ignore the first ceiling of 30,000 ETH, and count only towards the final ceiling (or hard cap) .
Everyone who has participated, or will be participating at 2pm GMT today, receives the same rate of 10,000 SNT per 1 ETH as all other contributors.

And in fact, as per https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e there are now 196 unique adresses and this number is rising. Keep in mind that the big purchases were done by big groups of people (so lots of unique users.)

[shewasfourteen]

Whitelisted Addresse --> Bitcoin Suisse

[Jayjay04]

there is no cap for this one ?

[lacal]

Why some people who put 200 Gwei get in ? The maxgasprice wasn't 50 Gwei ?

[Zoltes]

Why some people who put 200 Gwei get in ? The maxgasprice wasn't 50 Gwei ?

Those are whitelisted addressees. Others are rejected.

[jlspartz]

Why some people who put 200 Gwei get in ? The maxgasprice wasn't 50 Gwei ?

Whitelisted Pre-ICO and group sales can do whatever they want.

[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?

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.

Come on, that blog post is bullshit:
"The ceilings are designed to present hurdles for larger unknown ‘Whales’, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."

Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown ‘Whales’" but not to the known ones.

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.

So basically only insiders got in.

So you still haven't read the relevant parts yet.. I'll quote it for you :

As discussed in our Slack channel and in our previous post, our distribution partners BitcoinSussie and ICOage were both selected to help on board contributors in the community who are holding fiat. We’ve since had a number of gateways reach out, and this may prove to be an effective avenue to effectively cap the maximum contribution amount per participant. We’re expecting ~2,000 individual stakeholders via these allocations, each with their identities verified — and we’ll provide a summary after the Contribution Period

And furthermore:

Transaction Pooling
In an attempt to reduce the burden on the Ethereum network, our friends at imToken have hatched the plan to pool small transactions of their most-active users, and pool them into a single transaction, which will be white-listed by our smart contract (by removing 50 Gwei gas price restriction).
It is important to note that all of the previously mentioned distributions will will ignore the first ceiling of 30,000 ETH, and count only towards the final ceiling (or hard cap) .
Everyone who has participated, or will be participating at 2pm GMT today, receives the same rate of 10,000 SNT per 1 ETH as all other contributors.

And in fact, as per https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e there are now 196 unique adresses and this number is rising. Keep in mind that the big purchases were done by big groups of people (so lots of unique users.)

So only Chinese people and Fiat investors had a chance at this ICO?

[jlspartz]

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.

Come on, that blog post is bullshit:
"The ceilings are designed to present hurdles for larger unknown ‘Whales’, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."

Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown ‘Whales’" but not to the known ones.

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.

So basically only insiders got in.

So you still haven't read the relevant parts yet.. I'll quote it for you :

As discussed in our Slack channel and in our previous post, our distribution partners BitcoinSussie and ICOage were both selected to help on board contributors in the community who are holding fiat. We’ve since had a number of gateways reach out, and this may prove to be an effective avenue to effectively cap the maximum contribution amount per participant. We’re expecting ~2,000 individual stakeholders via these allocations, each with their identities verified — and we’ll provide a summary after the Contribution Period

And furthermore:

Transaction Pooling
In an attempt to reduce the burden on the Ethereum network, our friends at imToken have hatched the plan to pool small transactions of their most-active users, and pool them into a single transaction, which will be white-listed by our smart contract (by removing 50 Gwei gas price restriction).
It is important to note that all of the previously mentioned distributions will will ignore the first ceiling of 30,000 ETH, and count only towards the final ceiling (or hard cap) .
Everyone who has participated, or will be participating at 2pm GMT today, receives the same rate of 10,000 SNT per 1 ETH as all other contributors.

And in fact, as per https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e there are now 196 unique adresses and this number is rising. Keep in mind that the big purchases were done by big groups of people (so lots of unique users.)

So only Chinese people and Fiat investors had a chance at this ICO?

Apparently, Pre-ICO, Group Sales, and Fiat were whitelisted, first in line, and knowingly already above the soft cap.  Hard cap is still unknown?

[Metros]

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.

Come on, that blog post is bullshit:
"The ceilings are designed to present hurdles for larger unknown ‘Whales’, while at the same time favouring smaller contributors and providing a more even grounds for token allocation than has been seen in previous token launches. More detailed information about how the dynamic ceilings will work can be found here."

Only 82 Eth adresses got all the tokens. It seems they presented hurdles "for larger unknown ‘Whales’" but not to the known ones.

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.

So basically only insiders got in.

So you still haven't read the relevant parts yet.. I'll quote it for you :

As discussed in our Slack channel and in our previous post, our distribution partners BitcoinSussie and ICOage were both selected to help on board contributors in the community who are holding fiat. We’ve since had a number of gateways reach out, and this may prove to be an effective avenue to effectively cap the maximum contribution amount per participant. We’re expecting ~2,000 individual stakeholders via these allocations, each with their identities verified — and we’ll provide a summary after the Contribution Period

And furthermore:

Transaction Pooling
In an attempt to reduce the burden on the Ethereum network, our friends at imToken have hatched the plan to pool small transactions of their most-active users, and pool them into a single transaction, which will be white-listed by our smart contract (by removing 50 Gwei gas price restriction).
It is important to note that all of the previously mentioned distributions will will ignore the first ceiling of 30,000 ETH, and count only towards the final ceiling (or hard cap) .
Everyone who has participated, or will be participating at 2pm GMT today, receives the same rate of 10,000 SNT per 1 ETH as all other contributors.

And in fact, as per https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e there are now 196 unique adresses and this number is rising. Keep in mind that the big purchases were done by big groups of people (so lots of unique users.)

So only Chinese people and Fiat investors had a chance at this ICO?

Yeah, hence the crypto community will drop the support on this project = FAIL ICO, probably of all times.

[R2D4]

Over 100 million dollars for a messenger. Right!

[GinkgoFarm]

It states on the site now: Final Ceiling 300,000 ETH

Seems quite high, as this only represents 41% of the tokens.

[markuson]

Anyone received tolens? I see over 1000 adresses

[BitcoinVSfiat]

Anybody even see Pending?

[Zoltes]

It states on the site now: Final Ceiling 300,000 ETH

Seems quite high, as this only represents 41% of the tokens.

Yeah, that intended to be failsafe number, but something went wrong and now we'll have a cap of $275,814,878.06 USD :-/

[CryptoPro3]

Anybody even see Pending?

no

[Trustor]

Is the ICO over ?

[wafdawg]

Does anyone know what this means?

Transaction with the same hash was already imported.

[weryo]

Anybody even see Pending?

no

But it goes faster now, over 1200 addresses with tokens: https://etherscan.io/token/0x744d70fdbe2ba4cf95131626614a1763df805b9e

[dineshary]

Does anyone know what this means?

Transaction with the same hash was already imported.

your txn already submitted.. check in etherscan