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Author Topic: [ANN][SEM] Semux - Official Thread  (Read 690952 times)
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November 04, 2017, 09:52:08 PM
 #1821

Unfortunately I could not participate in the airdrop of this project! Is it true that soon there will be another distribution? Is it in what way? What is RC?

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November 04, 2017, 10:07:46 PM
 #1822

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 .....  Shocked

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.

I understand your reasoning about fair distribution and such, but 6 months of empty blocks? This is like ages in crypto!
People had two month already to participate in the project. To become a validator one has to have a dedicated 24/7 server, running which just for the sake of a fair distribution doesn't make much sense... 700 bct accounts were getting much more for free than validators that were securing the network all that time.
Now again some random people will be getting tons of SEM for free, while others (delegates) will be forging blocks for them? 6 months of empty blocks and then 20k SEM per year at most for one validator sounds too wrong for me, sorry...


This is a several year project. We value long term vision rather than short term profits. 20k is more than you had imagined. I believe many of us will continue contributing to the network regardless of the initial zero block rewards.

We've already made a good first step, ~3 million of coins has been distributed to ~700 ppl, but this is not enough. We have to distribute semux to more people, at whatever cost.


Several years? I thought it's a forever project  Wink
I love this project and will be running my delegate for sure. I'm just saying that delegates securing the network deserve not less than folks who created tons of bct accounts to get free coins... Why zero block rewards???

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  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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HmmMAA
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November 04, 2017, 11:03:04 PM
 #1823

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 .

 
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November 04, 2017, 11:31:18 PM
 #1824

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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November 05, 2017, 12:04:01 AM
 #1825

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.

   SEMUX   -   An innovative high-performance blockchain platform   
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Get Free Airdrop Now!
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November 05, 2017, 12:33:10 AM
 #1826

I respect dev decision.



the state of having a bad condition continue until it becomes a regular state of affairs
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November 05, 2017, 01:37:39 AM
 #1827

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 .....  Shocked

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?

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  Semux uses 100% original codebase
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  Tested 5000 tx per block on open network
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Mavis
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November 05, 2017, 01:40:55 AM
 #1828

waitting for the announcement of details 2nd airdrop  contribution ,i must never miss it.
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November 05, 2017, 01:41:10 AM
 #1829

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 .....  Shocked

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

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November 05, 2017, 02:01:06 AM
 #1830

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 .....  Shocked

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.
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November 05, 2017, 02:03:57 AM
 #1831

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.

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November 05, 2017, 02:58:57 AM
 #1832

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!
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November 05, 2017, 03:10:25 AM
 #1833

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 Smiley
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.
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November 05, 2017, 04:27:23 AM
 #1834

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

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November 05, 2017, 05:13:31 AM
 #1835

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.

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November 05, 2017, 05:25:36 AM
 #1836

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.

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November 05, 2017, 05:45:42 AM
 #1837

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.
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November 05, 2017, 05:54:21 AM
 #1838

Btc drop? It would be a nice way to kill a perfect project with giving it to the whales mostly.
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November 05, 2017, 06:14:27 AM
 #1839

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. Smiley (joke)

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November 05, 2017, 06:23:07 AM
 #1840

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. Smiley (joke)



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

 
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