TheKryptonian
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September 08, 2017, 03:07:05 PM |
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give away again but total supply for this coin is too much, may there are circulation supply? or 1B SEM will be out of all. quite worrying if the amount of coins is too much hopefully the developers have a strategy that is able to keep these coins stay at normal prices and profitable for all holders later 1,000,000,000 total supply is not a problem, considering this will be a several-year project. In case people wonder how the coins will be distributed: 20% - Foundation and dev team 20% - Community give away, bounties and promotions 60% - Block rewards (subject to change based on feedback) /** * Get block reward for the given block. * * @param number * block number * @return the block reward */ public static long getBlockReward(long number) { if (number <= 1_000_000) { return 100 * Unit.SEM; } else if (number <= 3_000_000) { return 50 * Unit.SEM; } else if (number <= 7_000_000) { return 25 * Unit.SEM; } else { return 0; } }
A 20% pre-mine dev award? For just a dPOS coin? We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it. But honest feedback is that 20% seems quite high based on the information we currently have. Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer? Or is the idea that holders outside the top 100 will pool their votes? How would they do that if they don't know each other? By voting a pool wallet as delegate?
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phucdigan
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September 08, 2017, 04:06:12 PM Last edit: September 08, 2017, 04:16:46 PM by phucdigan |
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Test RESTful API Test successfully, no problem. Being Test Test Delegate, vote for me! lol In addition, all functions in the menu bar are not active. Includes: Backup wallet, exit, about.
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semux (OP)
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September 08, 2017, 04:14:39 PM |
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A 20% pre-mine dev award? For just a dPOS coin?
We can wait to judge the pre-mine until we see what features you will build in Semux, to see if your work justifies it. But honest feedback is that 20% seems quite high based on the information we currently have.
Also, won't the top 100 coinholders just vote themselves as delegates and keep getting richer, while the rest get poorer? Or is the idea that holders outside the top 100 will pool their votes? How would they do that if they don't know each other? By voting a pool wallet as delegate?
Thank you for your input! A couple of points: 1. The consensus algorithm is dBFT instead of dPOS, though I agree that it shares many properties with dPOS. 2. The 20% dev funds will not be used for minting unless it's necessary to secure the network. It means that the community will own the majority of total circulation at least initially. 3. YES, top coinholders will vote for themselves if they are rational, and richer people will get richer. But we expect the rich people of semux to be pools, voted by public, which is no different from the bitcoin mining in terms of coin distribution. 4. If no pool is set up before we launch our mainnet, the foundation will set up an official pool.
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annazaitun87
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September 08, 2017, 04:23:17 PM |
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hopefully everything goes smoothly, and I think we all hope to get what has been awarded, I will try it hopefully can succeed and hopefully survive and success, congratulations on the duty of the team
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forzendiablo
Legendary
Offline
Activity: 1526
Merit: 1000
the grandpa of cryptos
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September 08, 2017, 05:46:24 PM |
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coin built on java? im sold. i will set up server for this later on today, hopefully the step by step is easy enough to follow
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yolo
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semux (OP)
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September 08, 2017, 10:26:49 PM Last edit: September 08, 2017, 10:45:58 PM by semux |
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Hi All, Due to a critical software bug, the network stopped progressing as the number of delegates increases. We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047). Sorry for this emergency! Semux Team UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume.
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mdodong
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September 08, 2017, 11:37:14 PM |
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I'm updating now dev. Will I be able to import my old wallet?
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yanlap
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September 09, 2017, 02:59:37 AM |
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Hi All, Due to a critical software bug, the network stopped progressing as the number of delegates increases. We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047). Sorry for this emergency! Semux Team UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume. I use the new clients . The block hold in 5048. Anybody same as me?
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bantalguling
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September 09, 2017, 03:26:30 AM |
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whether this project will be held in the way you want to do and if this project can be in bounty to develop the coin from the project
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nagatraju
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September 09, 2017, 03:43:39 AM |
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Hi All, Due to a critical software bug, the network stopped progressing as the number of delegates increases. We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047). Sorry for this emergency! Semux Team UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume. I use the new clients . The block hold in 5048. Anybody same as me? Yes, Same problem here. Is there any Fix for it?
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semux (OP)
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September 09, 2017, 07:07:27 AM |
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Hi All, Due to a critical software bug, the network stopped progressing as the number of delegates increases. We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047). Sorry for this emergency! Semux Team UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume. I use the new clients . The block hold in 5048. Anybody same as me? Yes, Same problem here. Is there any Fix for it? Thank you guys for the feedback! For everyone, make sure you download the latest version of the Semux wallet. If you're NOT at block #5047 (as shown on the home panel), please delete the database folder and re-sync. After that, please keep you wallet open if you're a delegate.We only need 4 more delegates to complete these steps, so we can resume normal operation. All our seed nodes are ready and waiting. Let work together to solve this issue. Best, Semux Dev
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CosaNostra
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September 09, 2017, 08:02:23 AM |
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Hi All, Due to a critical software bug, the network stopped progressing as the number of delegates increases. We urge everyone to upgrade their wallet and re-connect to the network (latest block #5047). Sorry for this emergency! Semux Team UPDATE: 10/20 clients have been upgraded. Need 4 more delegates so that the network can resume. I use the new clients . The block hold in 5048. Anybody same as me? Yes, Same problem here. Is there any Fix for it? Thank you guys for the feedback! For everyone, make sure you download the latest version of the Semux wallet. If you're NOT at block #5047 (as shown on the home panel), please delete the database folder and re-sync. After that, please keep you wallet open if you're a delegate.We only need 4 more delegates to complete these steps, so we can resume normal operation. All our seed nodes are ready and waiting. Let work together to solve this issue. Best, Semux Dev Sorry, I was sleeping... Updated all now, let's rock!
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caex
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September 09, 2017, 10:02:43 AM |
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the same all the time re-sync
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Weblux
Newbie
Offline
Activity: 34
Merit: 0
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September 09, 2017, 10:11:57 AM |
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how do you manage to have over 1200,000sem in your wallet?
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soulful100
Newbie
Offline
Activity: 39
Merit: 0
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September 09, 2017, 10:24:45 AM |
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I just installed and booted up the wallet, how long would the sync take though?
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phucdigan
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September 09, 2017, 10:31:30 AM |
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Upgraded wallet and back link, awaiting re-sync .... Block current: 5047
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Weblux
Newbie
Offline
Activity: 34
Merit: 0
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September 09, 2017, 10:49:48 AM |
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I just installed and booted up the wallet, how long would the sync take though?
3min top
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phucdigan
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September 09, 2017, 11:05:48 AM |
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Block stuck in the 5047. Although has upgraded to a wallet. Can anyone explain me? Thanks a lot!
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