[ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility

[brownfly]

How https://mpool.mooo.com pool is being advertised in this topic, if wallet protocol is different? It will not work I guess.
If it is so - why wrong ADs not being deleted by moderators?

Please explain - where is different protocol??

Nope, it lyra2r2 as you can see. The same as virtcoin.

[aknataga]

Hi, do we have an exact hour or a countdown to know when the mining will start?

thx

Mining,mining ... there is no still GPU miner, for what u need countdown?

[gerietis]

run stracksd.exe = Error: -daemon is not supported on this operating system
64-bit windows 10 pro
ver 1703
build 15063.726

[sparkus]

run stracksd.exe = Error: -daemon is not supported on this operating system
64-bit windows 10 pro
ver 1703
build 15063.726

-daemon is for running like service in background, do you really want this?
Remove or comment this option in coinfig file
I think Windows QT wallet just ignore this parameter

[MrClean636]

Anyone have any guesses for coin price at launch on YoBit? I've seen the old SIGT was jumping as we near the announcement of the 4:1 coin-swap going live. I have a bunch of coins to swap!

[easyrimka]

Anyone have any guesses for coin price at launch on YoBit? I've seen the old SIGT was jumping as we near the announcement of the 4:1 coin-swap going live. I have a bunch of coins to swap!

nobody know, and there is no informations about the swap for the moment ...

[bitmagic1984]

I have few SIGT . want to know what would be the price of this new coin

[MrClean636]

I have few SIGT . want to know what would be the price of this new coin

$1 USD would be great 

[jr_007]

Is there a way to know whether we solved a block in mining  ? reward is 0 coins at the moment, so cant check balance .

[redsun17]

Just curious - what is the reason behind the swap?  Is it just a rescue of the SIGT community?

With over 100 million SIGT out there, the price of STRAKS is going to be temporarily limited by the price of SIGT I think.  

Here is an example: if I can get 1 STRAK for every 4 SIGT, and SIGT is 1.5 US cents, then I know I can basically buy a STRAK For 6 cents.  If I can effectively buy STRAK for 6 cents each, then anytime the STRAK price goes above 6 cents there is an arbitrage opportunity, and people will buy SIGT to swap and sell STRAK down to 6 cents.

I'm not saying you shouldn't swap to SIGT.  I'm just curious why that became part of the coin (I don't think it's explained in the ANN unless I missed it, and it doesn't seem relevant to your roadmap beyond rescuing SIGT).  The arbitrage opportunites will only exist until the SIGT swap closes, and after that I'm sure the STRAK price will grow just fine.  It might be good to have a second source of STRAK generation (the swaps) aside from just mining/buying, but the reasons should be in the ANN.

[MrClean636]

Just curious - what is the reason behind the swap?  Is it just a rescue of the SIGT community?

With over 100 million SIGT out there, the price of STRAKS is going to be temporarily limited by the price of SIGT I think.  

Here is an example: if I can get 1 STRAK for every 4 SIGT, and SIGT is 1.5 US cents, then I know I can basically buy a STRAK For 6 cents.  If I can effectively buy STRAK for 6 cents each, then anytime the STRAK price goes above 6 cents there is an arbitrage opportunity, and people will buy SIGT to swap and sell STRAK down to 6 cents.

I'm not saying you shouldn't swap to SIGT.  I'm just curious why that became part of the coin (I don't think it's explained in the ANN unless I missed it, and it doesn't seem relevant to your roadmap beyond rescuing SIGT).  The arbitrage opportunites will only exist until the SIGT swap closes, and after that I'm sure the STRAK price will grow just fine.  It might be good to have a second source of STRAK generation (the swaps) aside from just mining/buying, but the reasons should be in the ANN.

One point is that the coin swap will only be offered for 1 month or less.

[abudfv2008]

Just curious - what is the reason behind the swap?  Is it just a rescue of the SIGT community?

It's simple. The coins are reserved for swap. Noone will be able to count how much were really  swapped. So it's additional hidden premine.
Yes yes - some coins will be burnt or airdropped or smth else - of course everything must look "fair".  
All shitcoins are "fair" ..... until dump. 

[gerietis]

run stracksd.exe = Error: -daemon is not supported on this operating system
64-bit windows 10 pro
ver 1703
build 15063.726

-daemon is for running like service in background, do you really want this?
Remove or comment this option in coinfig file
I think Windows QT wallet just ignore this parameter

thank you. daemon 1 was in straks.conf proposed in this thread.

[Dark Oopa]

Hi, do we have an exact hour or a countdown to know when the mining will start?

thx

Wait for the block 10080 here:
https://straks.info/

thx

but with 1 block every 60s, it will be in about 43 hours. It will be thursday in almost every country in the world no?

[STRAKS]

Just curious - what is the reason behind the swap?  Is it just a rescue of the SIGT community?

It's simple. The coins are reserved for swap. Noone will be able to count how much were really  swapped. So it's additional hidden premine.
Yes yes - some coins will be burnt or airdropped or smth else - of course everything must look "fair".  
All shitcoins are "fair" ..... until dump.  

There will be a public burn address available on the Signatum block explorer, in plain view for everyone to see and follow. If you know how many coins are swapped/burned, a quick division by 4 will give you the total number of STRAKS of the dedicated swap supply (which you can follow transparently on the rich-list, it carries the tag "swap") that is distributed to SIGT coin-holders during the swap period. The Signatum burn address and the STRAKS addressed dedicated exclusively for the swap, have to match up at a ratio of 4:1, if not then you know there is an issue. No STRAKS from that address can be given out during that 30-day period without the required swap amount from Signatum matching it.

Any coins that remain unswapped at the end of the 30 day swap-period, we have communicated clearly and transparently will be split 40/60 between the treasury fund (to pay for ongoing operational expenses - which will also be made public - like the listing fee coverage from the donation fund was today) and air-drops.

When there is full transparency, there is zero chance of any of those scenarios happening, that you are concerned about.

[cashen]

follow the money

[cashen]

The swap appears high

[ra213]

What does this command do? And what does the number mean?

Code:

straks-cli.exe generatetoaddress 1 <generated_address>

[sparkus]

Hi, do we have an exact hour or a countdown to know when the mining will start?

thx

Wait for the block 10080 here:
https://straks.info/

thx

but with 1 block every 60s, it will be in about 43 hours. It will be thursday in almost every country in the world no?

Yes, you right, also in Explorer you can see "2 days till start" )) (Rewards in 2 days)

[jr_007]

What does this command do? And what does the number mean?

Code:

straks-cli.exe generatetoaddress 1 <generated_address>

This will try to mine using your CPU to the given address. 1 means 1 block i think.