Author

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 123. (Read 490229 times)

member
Activity: 83
Merit: 10
I don't want to spread FUD. But I have to say: this start is a fail of the year.
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, ~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.
Man, seriously don't throw me shit here with some "REAL VC investors" (lol). I'm not talking about profits, not talking about overnight richness. I'm just telling You  that devs FUCKED UP the launch, so people has every freakin' right to be worried/angry.
sr. member
Activity: 443
Merit: 250
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

The funds are currently held by Moopay LTD (08920347). Mailing address is 1st Floor, 2 Woodberry Grove, London, N12 0DR. We use an office service due to the fact that our employees (roughly 15 of them) are spread out all over the place.

We are the escrow provider, and are currently in the mediation/arbitration window. If you feel there has been a breach that merits a lawsuit thus far, then please have your attorney contact us via registered post.

Well done in selecting who to escrow Moolah.  This looks like a real clusterfuck.
legendary
Activity: 971
Merit: 1000
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

As you post with that account name.
member
Activity: 74
Merit: 10
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

File a lawsuit against Dan and the others

That would be a waste of time and money, and no lawyer would take the case on. You have no case against the Syscoin team from a legal perspective, the funds you invested are currently held in escrow with a verifiable 3rd party - and that 3rd party has moved to the mediation/arbitration stage of the escrow process.

Should the Syscoin team fail to make significant verifiable progress, including a fix of the major issues, then Moopay LTD will begin the refund process.
sr. member
Activity: 280
Merit: 250
Bitnation Development Team Member
You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.

I agree with everything you've said so far sushi. People need to take off their tinfoil hats, organise themselves and prepare to be part of a gigantic project. Having worked directly with VCs IRL, they fully understand they may have to reinvest and double down before the project even vaguely gets off the ground and makes them any money. Crypto investors are the scummy beggars of the investment world.
member
Activity: 74
Merit: 10
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

The funds are currently held by Moopay LTD (08920347). Mailing address is 1st Floor, 2 Woodberry Grove, London, N12 0DR. We use an office service due to the fact that our employees (roughly 15 of them) are spread out all over the place.

We are the escrow provider, and are currently in the mediation/arbitration window. If you feel there has been a breach that merits a lawsuit thus far, then please have your attorney contact us via registered post.
newbie
Activity: 29
Merit: 0
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.
member
Activity: 84
Merit: 10
As crypto Venture Capitalists,  you also assume the risks.  Much money was invested into winners like Google and Amazon.  There were also a lot of investors for Pets.com and Myspace.  

What I'm trying to say is, don't mortgage your house on a hunch.  Now to everyone who is ok with what they have been losing so far and are holding, they will profit later down the road or are doing so right now.  

Sure, but it doesn't change the fact that devs fucked the thing up Wink

You are right, they fucked up big.  But that's how the dice was rolled.
newbie
Activity: 41
Merit: 0
We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.
member
Activity: 74
Merit: 10
You gotta be kidding me another fork? I'm out of here. Avoid scam coins.
lol you are stupid.  Another Noob member shouting scam?  For what, a fork?  Anyone remember the saying "shit happens", it also applies here.  Get over yourselves, geezus. Roll Eyes

They got their paycheck and now bailing out 250each. Slowly selling btc.

Given they do not have the coins, kind of hard for them to bail out.
member
Activity: 84
Merit: 10
Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, ~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.
full member
Activity: 154
Merit: 100
You gotta be kidding me another fork? I'm out of here. Avoid scam coins.
lol you are stupid.  Another Noob member shouting scam?  For what, a fork?  Anyone remember the saying "shit happens", it also applies here.  Get over yourselves, geezus. Roll Eyes

They got their paycheck and now bailing out 250each. Slowly selling btc.

To be fair - they didn't receive any BTC till now. They received 250 BTC for buy support - but sent them back to moolah.
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
As crypto Venture Capitalists,  you also assume the risks.  Much money was invested into winners like Google and Amazon.  There were also a lot of investors for Pets.com and Myspace.  

What I'm trying to say is, don't mortgage your house on a hunch.  Now to everyone who is ok with what they have been losing so far and are holding, they will profit later down the road or are doing so right now.  

Sure, but it doesn't change the fact that devs fucked the thing up Wink
member
Activity: 105
Merit: 10
You gotta be kidding me another fork? I'm out of here. Avoid scam coins.
lol you are stupid.  Another Noob member shouting scam?  For what, a fork?  Anyone remember the saying "shit happens", it also applies here.  Get over yourselves, geezus. Roll Eyes

They got their paycheck and now bailing out 250each. Slowly selling btc.
member
Activity: 84
Merit: 10
As crypto Venture Capitalists,  you also assume the risks.  Much money was invested into winners like Google and Amazon.  There were also a lot of investors for Pets.com and Myspace.  

What I'm trying to say is, don't mortgage your house on a hunch.  Now to everyone who is ok with what they have been losing so far and are holding, they will profit later down the road or are doing so right now.  
full member
Activity: 191
Merit: 100
Yes this is a special litecoin clone with bible sized code inside...  Behold!! The power of syscoin compels you!!!!
legendary
Activity: 882
Merit: 1000
NAV Coin [NAV]
Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, ~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.
full member
Activity: 120
Merit: 100
Like a good butthurting?  Grin
member
Activity: 84
Merit: 10
Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, ~ puff on one of these and chill.  Some of you are so uptight.
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