Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 127. (Read 490229 times)

Now this will mean many would stay away from anything you escrow. And no, I am not the ones who goes "OMG YOU DONE EFFED IT UP". It is what it is. I think it is commendable that you dint bow out so easily and instead gave the devs a chance. But I think 2 days post launch was more than enough 4 days is too much.
And I will ask again, where in the moolah T&C was it mentioned that you could use your discretion when it came to releasing funds?

EDIT: This is to specifically danospehere. You made much noise about how ethereum's T&C condition contained a clause which clearly said people are not going to get their funds even if there is no working code delivered. SYSCOIN was supposed to be different. Given the situation and how moolah is favoring you (and I agree with them to an extent). I think you are worse than ethereum, product delivered or not. You guys have misled people wherein "escrower's" discretion to release funds were not mentioned.

Because unlike some people, we are patient; and are giving the Syscoin developers a period of time to fix the issues that have arisen. Had they not made any effort before now, they would not have that grace period. Our agreement with Syscoin includes a window of opportunity for them to fix issues that pop up after launch.

At the end of the day though? Yes, the grace period is at my discretion.

If we end up having to process refunds (either directly, or by throwing up ICO level buy walls), then we will do so accordingly. People need to worry less and stop going "OMG THERE IS ONLY 50 BTC BUY WALL" - that is because we are holding on to the rest.

That will be a surprise to many investors. I am sure you are familiar with the UK commercial law that requires full transparency from the parties when performing escrow type of contracts. It seems to me you failed in that and even the best solicitors won't be able to help you when it goes to HM Court.

Our agreement with Syscoin includes a window of opportunity for them to fix issues that pop up after launch.

Your answer won't be popular here :-)) and quite understandably why. The 48 hours grace period is based on what, it's your discretion?

Your answer won't be popular here :-)) and quite understandably why. The 48 hours grace period is based on what, it's your discretion?

Small voice in a little crowd, but whatever:

Litecoin wolf-criers: a rudimentary comparison between the litecoin codebase and the syscoin codebase shows that the syscoin codebase has 40% more code in it.  What's that mean? It means they added an absolute MOUNTAIN of code to Litecoin. Looking through the code itself, they modified it quite a lot as well. What's that mean? It means they worked their damn asses off.

And what happens when you make the earth shattering additions and create so much innovation within the code? Well, on the small scale under controlled circumstances it probably worked fine. They probably worked every last bug out they could possibly find over the last week. They are perfectionists.

But the mining world is far from perfect, and when you add colossal attention, mining force, private builds, etc. Basically the coin gets smacked with thousands of unpredictable scenarios and if it doesn't have every failsafe perfectly in place to mitigate every issue. With a codebase as big as this, that is an extraordinarily difficult thing to do - something major companies with millions or even billions of dollars can't do.

Remember, the codebase is basically just a colossal weave of logic. That weave of logic actually behaves differently depending on what system its running on, or what compiler (the program that converts the code into an application) compiles it.

What everyone needs to understand here is that the codebase is half the size of the entire King James Bible, and bigger than any book in the harry potter series. The codebase is almost as big as George R.R. Martin's Storm of Swords, and that took 2 years to write. And AT LEAST 40% of that was built on top of Litecoin. That's why they wanted to start with an old, stable, and proven codebase in the first place, so they wouldn't have to go fixing bugs in someone else's code on top of their own.

The innovations you see in other coins? Guess what? If they were released in a week, code wise, they were relatively small changes.

And everyone that is so trigger happy to call everyone else scammers? Baloney. Devs that stick their necks out for coins and struggle to deliver the features that everyone DEMANDS to know up front sometimes have no choice to abandon projects, because they get smacked in the face with the realization that what they're trying to do would take months, and in crypto, that's too damn long. Remember curecoin? Not half as innovative in terms of code itself and the devs spent over a year working on that. Seriously.

That's why these guys spent months working on this before bringing this to market, and the features are indeed there on the backend. I've checked.

You're dealing with brilliant people here, people that have put themselves out there and have everything to lose. Sure they've got some btc, but everyone knows who they are, and like it or not, they have real lives. I'm sorry, but 1500 btc isn't enough for half a dozen people to disappear on.


Do you want to know why more incredible, hard working, brilliant developers don't rush into crypto, and altcoins especially? Because the community is filled with rabid wolves ready to tear you apart when any little thing doesn't work right. News for you, nothing works right in programming. Developers are forced to work every day with broken tools and broken code. It's a fact of life, and we deal with it every day. If that wasn't the case, there wouldn't be hacked banks, hacked networks, bug fixes and bug reports. Windows wouldn't have hundreds of updates from the word go. There wouldn't be a 'bugzilla' which is funny, because that's how coders see bugs, like f'ing godzilla.


Also, the professional bit? Do you want deep in the trenches brilliant developers that are capable of actually making phenomenal progress and producing incredible work? Or do you want PR people spewing bullshit that never tell you anything except more bullshit. I'm sorry, but I've worked in the world. The person selling you roses and butterflies doesn't have a clue what's going on in the trenches, or even how any of it works in the first place. Meanwhile, the guys in the trenches are dealing with 20 years of technobullshit that I'd be worried if they hadn't grown accustomed to swearing.

So get it together. If you're going to invest in altcoins, then you're going to have to deal with people that are more accustomed to dealing with code and computers than they are dealing with people. And if you're not dealing with people that are rough around the edges, you're not dealing with real developers. You're dealing with bullshit artists.

One last thing: The developers didn't get your money until fucking yesterday. They've been working for nothing for months. MONTHS. So sorry if they couldn't afford all the bells and whistles you think got paid for. They have it now though, and by golly, you better fucking believe they're trying to fix everything with their new resources.

If they fix the issues in full, then they have met their side of the bargain. We are not responsible for the long-term stability of the coin; in any way, shape or form. Our role was to be an escrow facilitator, which is what we are doing.

Our plans for MintPal are far greater than a single coin, so yes, we will make our moves as we see fit.

If they fix the issues in full, then they have met their side of the bargain. We are not responsible for the long-term stability of the coin; in any way, shape or form. Our role was to be an escrow facilitator, which is what we are doing.

Our plans for MintPal are far greater than a single coin, so yes, we will make our moves as we see fit.

Let's say syscoin fixes issues and moolah releases funds and devs abandon coin. Moolah would lose credibility and it would be the official death of mintpal. Your move moolah