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Author Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility  (Read 103631 times)
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Epicyclic
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November 25, 2017, 10:09:38 PM
 #821

If you wanted to save the bag holders of signatum, then developers should have just done a 2:1 swap with SIGT for 1 month or so (as to favor mining), no burn, keep the original algorithm (So both AMD/NVidia can mine) but bring it out of PoS and continue PoW, because PoS was clearly not working, zero premine, zero fee, same block reward as SIGT.

This would have probably made the coin survive for a little while longer due SIGT popularity and probably bailed out some people, but probably would have burned down the road anyways, unless developer continued to work on it.

SIGT in principle was a good coin, but some of the shady devs ruined it (with all the scams, pump/dump, poor communication) and Proof of Stake didn't appear to work that well.

If you wanted a new coin, with the same conditions as you have now. Should not have done the whole swap at all. Granted the coin would get very limited interest, but at least some people would mine it.

From what I am reading and further analyzing it seems to me that this project is pretty much doomed from the start.

Also making a coin on discord, should be done more visibly on forums/websites instead, it keeps a better record. Because not everyone was interested sitting in chat and reading about it.

How is your suggestion any better than what Straks is now? Basically your suggestion is to switch to a technically worse algo, remove the burn which means the swap can't be handled in a fair way, and not give any incentive for the devs to do any work in the future. How does that help or solve anything?

You're suggesting that nobody is interested in mining Straks and that the project is doomed. Currently the network hash rate for Straks is 120 GH/s which is 40 GH/s more on average than it was yesterday. So clearly there's plenty of support for Straks. It seems people are willing to mine a coin without even knowing it's value.

Most, (not all) appear to be venting from buying into Sigt on the Thursday pump, unfortunately as mentioned before, nobody forced them to buy, it was their choice just as its their choice now to vent on being burnt, rather than concentrate their energy on re-cooperating any losses.
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November 25, 2017, 10:36:23 PM
 #822

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.
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November 25, 2017, 10:42:50 PM
 #823

I'm just a little confused with the swap process..so if I have 10,000 sigt and want to swap them in the first month for straks, is the total amount swapped for that month based on a first come first serve basis?  So if someone had the months swap supply of sigt in there wallet, could they swap them all at once if they where first in line? Thanks

I read the information of the swap on github as well and I don't really see specific details on how and under what priority the swap will take place, except that you will need to pre-register and use a discord bot to do the trade. Could easily be abused, from what i can see.

Unless I am missing something?

Yeah I read through it as well.  I'm assuming it is just a first come first serve basis.  Mad rush to swap every month.
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November 25, 2017, 11:24:55 PM
 #824

I think that selling a signatum for bitcoin will bring more benefits over 6 years than swap in a straks.
Maybe there will be a more wise development team, which will continue the work of the original signatum coin.
All right, there is always a choice
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November 25, 2017, 11:28:06 PM
 #825

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.


Bullshit. If signatum pump, people who buy high have no interest to sell their straks low. Use your brain dude.
The just want the pump to sell off their shit. Now they have create the effect to destroy and divide the community. And also they let people spend more money on that shit without said nothing when they see people fast run to bought more signatu. Funny way to do what they said about "protect the community investment" LOL.
Well done.
Was so fucking easy to talk about the swap mechanism 36hours before, but they prefear to illuse people with the MN not full complete info.
I've try to ask to Criptovore on telegram about this shit and he just blocked me also there after the Discord. He said that he never sell a sigt coin, but when I ask to prove me that he doesn't answer.
Maybe he need more time to photoshop some wallet.
The way they act can't get just this reactions from people. They ask community to voting without give the most important details and they said they will give swap details on 29th of nov, but they prefear to create fomo around the MN for no reason excpet the reason I'm talking about. They are in bad faith. Or they are the worst fools amateurs in this crypto world. In any case, this is a complete jackass for their community. Maybe now they can change everything 'cause they're free from their sigt bags. Now i can full understand why they are all anonymous. And for sure they are not anonymous like Satoshi.
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November 25, 2017, 11:34:36 PM
 #826

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.


Bullshit. If signatum pump, people who buy high have no interest to sell their straks low. Use your brain dude.
The just want the pump to sell off their shit. Now they have create the effect to destroy and divide the community. And also they let people spend more money on that shit without said nothing when they see people fast run to bought more signatu. Funny way to do what they said about "protect the community investment" LOL.
Well done.
Was so fucking easy to talk about the swap mechanism 36hours before, but they prefear to illuse people with the MN not full complete info.
I've try to ask to Criptovore on telegram about this shit and he just blocked me also there after the Discord. He said that he never sell a sigt coin, but when I ask to prove me that he doesn't answer.
Maybe he need more time to photoshop some wallet.
The way they act can't get just this reactions from people. They ask community to voting without give the most important details and they said they will give swap details on 29th of nov, but they prefear to create fomo around the MN for no reason excpet the reason I'm talking about. They are in bad faith. Or they are the worst fools amateurs in this crypto world. In any case, this is a complete jackass for their community. Maybe now they can change everything 'cause they're free from their sigt bags. Now i can full understand why they are all anonymous. And for sure they are not anonymous like Satoshi.
Please dont panic buy. Take care yoursef and save your money for yourself and your family.

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November 25, 2017, 11:39:42 PM
 #827

Bong. First payout. Working wallet. That is great.

Not a lot but.

Reserved for Doge tips: DNkjjtp9j1V1svoCUsX6RD3K76mm9qrqQh

Warning: Trade with extreme caution!
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November 26, 2017, 12:04:02 AM
 #828

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord  Smiley

Also the swap is not a first come first serve basis. More explained in the reddit thread.
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November 26, 2017, 12:29:27 AM
 #829

I'm finally catching up on the last few days posts and this shit is golden!  I hate to take credit for debunking this scam, but it seems like my posts caused people to finally look into this scam.  Really the best part of this all are the people who defended this coin after my posts, and now they are suddenly silent after the terms of the coin swap have been changed.  I'm sure the devs made a killing on the SIGT run though!  And to add insult to injury, the swap information is still not in the announcement!  This is the first time I have ever seen github used as a a platform to announce coin information over a website or forum.  In the end though, I'm glad that the people mining this quickly saw the scam, and the idiots still holding sigt got fucked.  Trusting any venture that is related to sigt would be like buying a new currency created by Nicolas Maduro

Oh please, you were complaining about Straks mining not being profitable because of the Sigt swap. In fact your exact words were:

LOL coming from someone with -4 trust.  The fact that you can buy another coin for a swap cheaper than mining shows how unfair this coin is.  If its cheaper to buy another coin who is going to mine it?  If its not mined, how does the blockchain move?  A coin swap in this case literally serves no purpose other than to pad the wallet of bagholders.  Say what you want, but certainly the devs are holding a significant amount of SIGT.  And if they are not, they are complete fucking idiots, because this coin will never be more valuable than 4x the value of SIGT, which is essentially worthless.  Imagine what would happen to the value of the American dollar if the government announced that it would start exchanging $1 for 4 Venezuelan Bolivars.

Now after the latest announcement the situation has changed; it became clear that the coins from Sigt swap will not immediately flood the Straks market. That's a good sign for Straks and means the value of Straks can go much higher. It also means the profitability of mining is much better. In essence you got what you asked. But you're still here complaining.  Huh

Btw, the swap information is present in the annoucement since yesterday, see update UPDATE - 24th November.

I was also surprised by the latest announcement. It means people who own Sigt can't immediately get their money back. Six years is a long time to wait. I can understand many people are upset because of that. I agree the devs should have clarified the details of the swap sooner. Then again, people assumed a swap means an instant swap. I admit I was one of them and did profitability calculations based on it. However, I still think you can make profit by buying Sigt. You can think it's like an investment to an ASIC miner. An ASIC miner has a fixed upfront cost and in return you get specific coins back each month until the ASIC miner becomes outdated. In the same way you can now buy Sigt coins (upfront cost) and in return get Straks coins back each month for six years. The profitability depends on how much you pay for Sigt and what's the value of Straks in the future.

You say - buy Signatum and there will be a profit of 6 years!
Do you believe in your words? are you naive?
Why did the developers reserve several million Straks for themselves?
Why Signatum owners must wait 6 years!
You suggest - believe the developers 6 years?
Straks and 6 months may not exist!
How can you believe people who are anonymous Huh
We still do not know anything about the Doctor, maybe he already rested, came back and came up with a new scam plan for 6 years!
Nobody knows, maybe now the Doctor himself runs the developers of Straks
Better to sell Signatum, and in exchange to buy a more honest and promising crypto currency.
And no longer believe the developers of Straks and Signatum.
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November 26, 2017, 12:31:45 AM
 #830

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord  Smiley

Also the swap is not a first come first serve basis. More explained in the reddit thread.
When will the swap officially started for swapping from SIGT to STRAKS? Thank you dev.

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November 26, 2017, 12:33:51 AM
 #831

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord  Smiley

Also the swap is not a first come first serve basis. More explained in the reddit thread.
When will the swap officially started for swapping from SIGT to STRAKS? Thank you dev.

Not a dev  Smiley Just asking the devs questions in discord, They announced that'd it be sometime early December no exact date yet though.
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November 26, 2017, 12:39:57 AM
 #832

Quote
Bullshit. If signatum pump, people who buy high have no interest to sell their straks low. Use your brain dude.

Sorry Marco but this has no correlation to what I said, and is merely speculation on your half without knowing the trading value of Straks.
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November 26, 2017, 12:41:04 AM
 #833

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord  Smiley

Also the swap is not a first come first serve basis. More explained in the reddit thread.
When will the swap officially started for swapping from SIGT to STRAKS? Thank you dev.

Not a dev  Smiley Just asking the devs questions in discord, They announced that'd it be sometime early December no exact date yet though.

Thank you. I am sorry for my mistake when called you as a dev. Why developers not answer questions, announce them on the forum, official topic for STRAKS? It's a little bit weird, strange approach.

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November 26, 2017, 12:42:13 AM
 #834

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The DOC was not the original dev, nor was SigtD.

The original dev did the right thing, he made the coin and went away, just like Bitcoin.

This will put an end to that theory https://github.com/signatumd

signatumd does not = Doc, they were 2 different people.
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November 26, 2017, 12:44:43 AM
 #835

Explained some of the swapping process here under "The Swap Mechanics" header: https://www.reddit.com/r/STRAKSproject/comments/7exg0k/straks_information/

If you have any questions please message me on discord  Smiley

Also the swap is not a first come first serve basis. More explained in the reddit thread.
When will the swap officially started for swapping from SIGT to STRAKS? Thank you dev.

Not a dev  Smiley Just asking the devs questions in discord, They announced that'd it be sometime early December no exact date yet though.

Thank you. I am sorry for my mistake when called you as a dev. Why developers not answer questions, announce them on the forum, official topic for STRAKS? It's a little bit weird, strange approach.

They're somewhat active in the discord, most of the supporters will be happy to answer any questions though Smiley
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November 26, 2017, 12:51:26 AM
 #836

Community Driven Digital Currency!  Angry
Who said that Doc was gone, he sits there!  Cheesy

I also think!)))
News 6 years - similar to the Doctor
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November 26, 2017, 12:53:43 AM
 #837

Quote
The DOC was not the original dev, nor was SigtD.

The original dev did the right thing, he made the coin and went away, just like Bitcoin.

This will put an end to that theory https://github.com/signatumd

signatumd does not = Doc, they were 2 different people.


No, Doc was not, you are correct on that count, however, you clearly stated here that SigtD, or SignatumD or Skank as he was also known as, was not either;

Quote
The DOC was not the original dev, nor was SigtD.

You are wrong or misinformed, SigtD was the original developer.
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November 26, 2017, 01:00:00 AM
 #838

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.

You say - Its possible, however, it is also possible, they did not want Signatum to pump
But the community Signatum wants a pump!
Why razabotchiki pursue only their own interests?
Or they already sell their Signatum and first of all need pump Straks.
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November 26, 2017, 01:06:23 AM
 #839

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.

You say - Its possible, however, it is also possible, they did not want Signatum to pump
But the community Signatum wants a pump!
Why razabotchiki pursue only their own interests?
Or they already sell their Signatum and first of all need pump Straks.

Like I said, anything is possible, right now all I see is a room full of speculation and accusation, nothing more.

Every man has his own theory, every man has his own beliefs, nobody will change that fact.

As for "razabotchiki" I have no idea at all whom this is, or whom you refer to.
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November 26, 2017, 01:09:02 AM
 #840

The developers remained silent until the last seconds that the swap will be held for 6 years.
Before that, they pumped up the sigt and sold their bags to fools

Its possible, however, it is also possible they did not want Signatum to pump, so as not to harm Straks.

there is always more than one side to a scenario to say the least.


Bullshit. If signatum pump, people who buy high have no interest to sell their straks low. Use your brain dude.
The just want the pump to sell off their shit. Now they have create the effect to destroy and divide the community. And also they let people spend more money on that shit without said nothing when they see people fast run to bought more signatu. Funny way to do what they said about "protect the community investment" LOL.
Well done.
Was so fucking easy to talk about the swap mechanism 36hours before, but they prefear to illuse people with the MN not full complete info.
I've try to ask to Criptovore on telegram about this shit and he just blocked me also there after the Discord. He said that he never sell a sigt coin, but when I ask to prove me that he doesn't answer.
Maybe he need more time to photoshop some wallet.
The way they act can't get just this reactions from people. They ask community to voting without give the most important details and they said they will give swap details on 29th of nov, but they prefear to create fomo around the MN for no reason excpet the reason I'm talking about. They are in bad faith. Or they are the worst fools amateurs in this crypto world. In any case, this is a complete jackass for their community. Maybe now they can change everything 'cause they're free from their sigt bags. Now i can full understand why they are all anonymous. And for sure they are not anonymous like Satoshi.

By the way, in Russian "Criptovore" sounds - Cripto thief)))
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