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SigmaX Preliminary Announcement  

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vorksholk
(@imported_vorksholk)
Trusted Member Customer

Hey everyone! Curecoin 2.0 is coming along nicely. However, quite a few people have brought up issues regarding the security of a certificate blockchain, so we're announcing SigmaX as the alternative, PoW-based quantum-computer-resistant blockchain.

SigmaX will have a testnet beta released in the next two weeks, with a final release following shortly after, and will follow a similar mintage schedule to cc1.0.

Holders of Curecoin will receive part of a SigmaX time-released premine or block subsidy. All of the coins which have been paid out through folding, mining, or the development fund (according to the original development fund payout schedule) are considered "in-circulation." The remaining folding/dev premine is inelligible. In order to receive your SigmaX payouts, holders of Curecoin on either the 1.0 or 2.0 networks will need to sign a message (containing their SigmaX address) from their Curecoin address(es).

Payouts will be done on a weekly schedule as the time-released coins mature, based on current holdings of curecoin on either the 1.0 or 2.0 networks.

Curecoin 2.0 will continue as originally planned, with the certificate blockchain.

SigmaX will probably use SHA-256D mining, so that consumer hardware won't be pulled away from folding.

Quote
Posted : 16/03/2016 6:33 pm
wilding2004
(@wilding2004)
Estimable Member Customer

@vorksholk wrote:

.........holders of Curecoin on either the 1.0 or 2.0 networks will need to sign a message (containing their SigmaX address) from their Curecoin address(es).

Payouts will be done on a weekly schedule as the time-released coins mature, based on current holdings of curecoin on either the 1.0 or 2.0 networks........

Wow! That was a lot of new info all at once. I've been trying to digest all the posts on the Bitcointalk thread, and pretty much understand what you're planning and why. The only bit I'm confused by is the statement above.

Doesn't everyone have coins on the 1.0 network only? Won't 1.0 coins be converted to 2.0 coins at the launch of 2.0? How can people be holding coins on 2.0 if it hasn't launched yet - or am I completely misunderstanding what you meant?

Anyway, I'm pretty excited to see what happens over the coming weeks, and I'm confident that whatever decisions you make will be for the right reasons.

ReplyQuote
Posted : 17/03/2016 5:18 am
vorksholk
(@imported_vorksholk)
Trusted Member Customer

@wilding2004 wrote:

@vorksholk wrote:

.........holders of Curecoin on either the 1.0 or 2.0 networks will need to sign a message (containing their SigmaX address) from their Curecoin address(es).

Payouts will be done on a weekly schedule as the time-released coins mature, based on current holdings of curecoin on either the 1.0 or 2.0 networks........

Wow! That was a lot of new info all at once. I've been trying to digest all the posts on the Bitcointalk thread, and pretty much understand what you're planning and why. The only bit I'm confused by is the statement above.

Doesn't everyone have coins on the 1.0 network only? Won't 1.0 coins be converted to 2.0 coins at the launch of 2.0? How can people be holding coins on 2.0 if it hasn't launched yet - or am I completely misunderstanding what you meant?

Anyway, I'm pretty excited to see what happens over the coming weeks, and I'm confident that whatever decisions you make will be for the right reasons.

Hey! It is a lot of info, although it's a bit more concise here, the Bitcointalk forums have more of the design rational explained.

Currently, everyone has coins on only the 1.0 network--2.0 has not launched yet. At the launch of 2.0 coins, people will be able to convert 1.0 coins to 2.0, but they don't have to immediately. There'll be a fairly long grace period for people to convert their 1.0 holdings to 2.0.

Basically, it boils down to this: whether your coins are still on the 1.0 network or have been converted to the 2.0 network, they'll be eligible to receive SigmaX.

Timeline looks something like this: SigmaX beta (next week-ish), community testing. Curecoin 2.0 beta based on the SigmaX beta, community testing. Once we're happy with everything, Curecoin 2.0 full public launch. Then a few weeks later, SigmaX full launch.

Current plans are to do a time-released payout scheme on SigmaX. So basically, every week (for probably a year), either part of a premine or a block subsidy will mature on the SigmaX network. We'll aggregate all of the balances of users who wish to receive SigmaX (which everyone holding Curecoin should want, it's free SigmaX) on the cc1.0 and cc2.0 networks, and perform the appropriate payouts. This allows people to, during this year, fold to earn (or purchase on exchanges) Curecoin, and receive SigmaX.

People tie their cc1.0 or cc2.0 address to their SigmaX address by signing a message containing their SigmaX address with their cc1.0 or cc2.0 address. If someone on cc1.0 decides to move to cc2.0, they burn their coins, receive cc2.0, and sign the same (or a different) SigmaX address with their new cc2.0 address.

ReplyQuote
Posted : 17/03/2016 10:50 pm
wilding2004
(@wilding2004)
Estimable Member Customer

@vorksholk wrote:

@wilding2004 wrote:

@vorksholk wrote:

.........holders of Curecoin on either the 1.0 or 2.0 networks will need to sign a message (containing their SigmaX address) from their Curecoin address(es).

Payouts will be done on a weekly schedule as the time-released coins mature, based on current holdings of curecoin on either the 1.0 or 2.0 networks........

Wow! That was a lot of new info all at once. I've been trying to digest all the posts on the Bitcointalk thread, and pretty much understand what you're planning and why. The only bit I'm confused by is the statement above.

Doesn't everyone have coins on the 1.0 network only? Won't 1.0 coins be converted to 2.0 coins at the launch of 2.0? How can people be holding coins on 2.0 if it hasn't launched yet - or am I completely misunderstanding what you meant?

Anyway, I'm pretty excited to see what happens over the coming weeks, and I'm confident that whatever decisions you make will be for the right reasons.

Hey! It is a lot of info, although it's a bit more concise here, the Bitcointalk forums have more of the design rational explained.

Currently, everyone has coins on only the 1.0 network--2.0 has not launched yet. At the launch of 2.0 coins, people will be able to convert 1.0 coins to 2.0, but they don't have to immediately. There'll be a fairly long grace period for people to convert their 1.0 holdings to 2.0.

Basically, it boils down to this: whether your coins are still on the 1.0 network or have been converted to the 2.0 network, they'll be eligible to receive SigmaX.

Timeline looks something like this: SigmaX beta (next week-ish), community testing. Curecoin 2.0 beta based on the SigmaX beta, community testing. Once we're happy with everything, Curecoin 2.0 full public launch. Then a few weeks later, SigmaX full launch.

Current plans are to do a time-released payout scheme on SigmaX. So basically, every week (for probably a year), either part of a premine or a block subsidy will mature on the SigmaX network. We'll aggregate all of the balances of users who wish to receive SigmaX (which everyone holding Curecoin should want, it's free SigmaX) on the cc1.0 and cc2.0 networks, and perform the appropriate payouts. This allows people to, during this year, fold to earn (or purchase on exchanges) Curecoin, and receive SigmaX.

People tie their cc1.0 or cc2.0 address to their SigmaX address by signing a message containing their SigmaX address with their cc1.0 or cc2.0 address. If someone on cc1.0 decides to move to cc2.0, they burn their coins, receive cc2.0, and sign the same (or a different) SigmaX address with their new cc2.0 address.

Yes, that makes sense. I hadn't thought about a period of time with both 1.0 and 2.0 coins being held

ReplyQuote
Posted : 18/03/2016 12:48 pm
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