[ANN][SEM] Semux - Official Thread

[finthebar]

I will continue to support the network as a delegate , i have paid for a server to do this regardless of the reward . I really like this project and i think it will become great in the near future . As for the zero blocks that mentioned above , there is the fees reward , small but not zero . Waiting for info about the next round of airdrop so i can update my local thread , you can count in my support .

I agree. I also intend to continue running the validator, yes it would be nice to collect a reward in the short term for doing this - but this is a community effort as well and the community needs to put something into this also, not simply take out. I think this project has a long-term future and as such, I am happy to support it through the 6 months of RC. I do hope there is a fair and broad distribution in the next round and that large accumulations don't happen by one means or another.

Appart from that, best of luck with the switchover of the network. I will be watching closely with interest.

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[mdodong]

I will continue to support the network as a delegate , i have paid for a server to do this regardless of the reward . I really like this project and i think it will become great in the near future . As for the zero blocks that mentioned above , there is the fees reward , small but not zero . Waiting for info about the next round of airdrop so i can update my local thread , you can count in my support .

I agree. I also intend to continue running the validator, yes it would be nice to collect a reward in the short term for doing this - but this is a community effort as well and the community needs to put something into this also, not simply take out. I think this project has a long-term future and as such, I am happy to support it through the 6 months of RC. I do hope there is a fair and broad distribution in the next round and that large accumulations don't happen by one means or another.

Appart from that, best of luck with the switchover of the network. I will be watching closely with interest.

Count me in! I'll be willing to run a validator without block rewards(block #0-500k). this will ensure that the network stays stable as well as give time to further decentralize the network by distributing more SEMs to the community.

[kamiyama]

I respect dev decision.



the state of having a bad condition continue until it becomes a regular state of affairs

[jeeb]

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

Dev , only support BTC in the second airdrop? I don't have BTC. Can't I get involved?

[Mavis]

waitting for the announcement of details 2nd airdrop  contribution ,i must never miss it.

[Choosewise]

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

Dev , only support BTC in the second airdrop? I don't have BTC. Can't I get involved?

Yeah, seems a bit strange choice on the dev's part

[semux]

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

Dev , only support BTC in the second airdrop? I don't have BTC. Can't I get involved?

Other coins may be consider after this round.

[trgnn]

I will make it extremely simple. I see no interest in running a node fully dedicated to a network if I'm not rewarded from this.

If the actual rewards are lowered, the market will decide about the price. There is no market yet. If BTC holders are getting an insane amount of SEM without even investing, you'll lose your early validators. But it could be a good thing.

On my 4 cores your wallet is often using 15-30% of the processor a fair amount of RAM and it's eating the connection. As a early supporter I see no point in giving you this for free. If I just have to hold some BTC it's even worse. As a BTC holder, I see no point in giving you this. SEM will have too moon to make your system works. The balance is delicate.

[semux]

I will make it extremely simple. I see no interest in running a node fully dedicated to a network if I'm not rewarded from this.

If the actual rewards are lowered, the market will decide about the price. There is no market yet. If BTC holders are getting an insane amount of SEM without even investing, you'll lose your early validators. But it could be a good thing.

On my 4 cores your wallet is often using 15-30% of the processor a fair amount of RAM and it's eating the connection. As a early supporter I see no point in giving you this for free. If I just have to hold some BTC it's even worse. As a BTC holder, I see no point in giving you this. SEM will have too moon to make your system works. The balance is delicate.

We respect your opinion and thank you for your early support!

[akai]

Actually, I'm a newbie. I am interested in your airdrop too much. Though I'm quite late and your airdrop is finished I want to join the next if you start again.So, please notify me if there

The next round of airdrop are for BTC members, aha, what you need to do now is to prepare BTC, waiting for the airdrop to happen.

[Phash2k]

I don't like the BTC Drop either...

IMHO there has to be a better solution to bring the coins to the people - giving them to already rich hodlers wont help much

[PlanetCrypto]

it's cool.so many posts now.i want to buy 10K sem at 1000 stats.
if you want to sell, please pm me.waiting for your message.

Do you think 1000sat can buy SEM?I think it's a big joke, and I can only say good luck. It's a long term project, and I don't think anyone will sell it when it's cheap.

[hot_ads]

it's cool.so many posts now.i want to buy 10K sem at 1000 stats.
if you want to sell, please pm me.waiting for your message.

Do you think 1000sat can buy SEM?I think it's a big joke, and I can only say good luck. It's a long term project, and I don't think anyone will sell it when it's cheap.

1000sat I think the price is too low, the project has just begun, ready to see his long-term value.

[coteng2]

it's cool.so many posts now.i want to buy 10K sem at 1000 stats.
if you want to sell, please pm me.waiting for your message.

Do you think 1000sat can buy SEM?I think it's a big joke, and I can only say good luck. It's a long term project, and I don't think anyone will sell it when it's cheap.

1000sat I think the price is too low, the project has just begun, ready to see his long-term value.

It's not possible. I looked at an OTC thread, and the price of the transaction is about 3000sat, or even higher.

[levyashin]

Btc drop? It would be a nice way to kill a perfect project with giving it to the whales mostly.

[prix]

Btc drop? It would be a nice way to kill a perfect project with giving it to the whales mostly.

It's normal way, better drop it to rich people who can hold & buy, instead of multi accounts and multi validators.
Do you know there are a group of 15-20 validators which owned by one owner?
Did you hear the story about 50 multi accounts with same address?

And at least there are different rounds. Not all SEM will be dropped to BTC-owners.

Maybe POW-mining will be next stage after BTC drop. (joke)

[levyashin]

Btc drop? It would be a nice way to kill a perfect project with giving it to the whales mostly.

It's normal way, better drop it to rich people who can hold & buy, instead of multi accounts and multi validators.
Do you know there are a group of 15-20 validators which owned by one owner?
Did you hear the story about 50 multi accounts with same address?

And at least there are different rounds. Not all SEM will be dropped to BTC-owners.

Maybe POW-mining will be next stage after BTC drop. (joke)

So instead of making a good duplicate checker, they are punishing honest people like me using only one account to get semux.

 

[prix]

So instead of making a good duplicate checker, they are punishing honest people like me using only one account to get semux.

I agree you can check the same address. But how do you check multi-accounts with different SEM-addresses?
They can has different IP's, different twitters, e-mails, etc. It's not a problem to buy or to create different accounts.

All ways has pluses and minuses. I don't see an ideal way.

[pinball_wizard]

Really sad idea BTC drop...so you want to give all coins to BTC whales? Can't really understand why...maybe many could enter here without any support to testnet or first airdrop and they could get huuuuge rewards only for being BTC hodlers....sad!

[mdodong]

So instead of making a good duplicate checker, they are punishing honest people like me using only one account to get semux.

I agree you can check the same address. But how do you check multi-accounts with different SEM-addresses?
They can has different IP's, different twitters, e-mails, etc. It's not a problem to buy or to create different accounts.

All ways has pluses and minuses. I don't see an ideal way.

for those who are worried big btc holders will get the bulk of the drop, you don't have to worry. There will be a cap limiting the maximum sem to be given per btc holder.

And since the block snapshot has been pre selected no one can game the numbers at any point.

Also this wont be only method of distribution to be used. Depending on how it goes other methods will be utilized to further decentralize the distribution.