Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 14. (Read 490179 times)

Agreed.

Is there an official statement on why Moolah is not releasing the first 250 BTC?

Not particularly impressed with Moolah at this stage and would be very wary of investing through them again unless they rectify the situation quick smart!

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is there a new wallet coming out every morning now??? this is the newest one i was told i needed yesterday..
Syscoin-Qt (OSS GUI client for Syscoin) Syscoin_v0.1.3
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No but we do work to update any issues we find ASAP. The QT wallets were impacted by issues relating to the display of the services pages so we removed them and also removed the installer-based approach. These new wallets address "hanging" issues / the error you screencap'd in your post.

the one i just downloaded (it was the same wallet as i downloaded last night) did the same thing. it runs and downloads the chain, scans and then i get the same error. let me know when you fix it. until then all SYS mining proceeds go to the exchange.

It's quite simple. People were selling at 518 satoshi, because they knew they will be able to rebuy at 418.
Probably now people are selling at 350, becuse they know they will be able to rebuy it at 250.
Even if they believe in the coin, they want to multiply their sys this way.

can't figure out why people sell their coins at such low price,i trust the dev and moolah.

No but we do work to update any issues we find ASAP. The QT wallets were impacted by issues relating to the display of the services pages so we removed them and also removed the installer-based approach. These new wallets address "hanging" issues / the error you screencap'd in your post.


Thanks! We're looking forward to shipping them out as they'll get more awareness around Syscoin in general. Bounty payouts in SYS have already started if you are owed something and haven't been paid please contact sebastien1234 from the team. BTC bounties are getting paid out as soon as we receive the first portion of the funding which we're waiting on but hoping for today.

Looking forward to reading the roadmap and getting my goodies. 

Any news on payouts for the bounties?

Keep it up Dano.

is there a new wallet coming out every morning now??? this is the newest one i was told i needed yesterday..
Syscoin-Qt (OSS GUI client for Syscoin) Syscoin_v0.1.3

BTW we totally agree with this- we want to grow value in a real way. Not though walls and price manipulation. We already spent 250btc of the fund on buy support and Moolah is holding that SYS as per the payout schedule communicated earlier. What remains of the fund will be pushed toward additional dev, scaling the team, bringing on FT devs and a community manager to join the existing team and continue executing and expediting the roadmap outlined in my last post. We have 3 new devs we've brought on since launch but have paused growing the team further until we have some of the funding in place which should happen shortly.

We have moved to non-installer based wallets. Please uninstall your current wallet, download the latest windows EXE/ZIP and you will be good to go.


It is sensitive and we're working with them. We both want to see the value of this coin grow and yes launching something this dramatically different than other coins is a difficult undertaking, the team (Syscoin) underestimated the scale of this undertaking and yes there were issues at launch which we resolved as quickly as possible and now things are working correctly.

For those asking about roadmaps or no clear path forward - this is why we are locking this thread and moving to a new one. We have posted this information multiple times but its been lost in the avalanche of pages here. To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:

- Merged Mining and Service fee regeneration (we are working on this now on testnet, we have regen working and MM but there was an issue with MM + services which we're ironing out right now). <- this will constitute the NEXT release aka 0.1.4 and will happen very soon, we're not launching things without overly testing now.
- ESCROW. We already have stubs in the code and this is the next feature to be implemented
- END TO END ENCRYPTION USING SYSCOIN KEYS - This is after escrow
- SERVICE FEE SCHEDULE FINALIZATION (after 90 day period, dynamic pricing will go into effect)
- QT WALLET IMPROVEMENTS (services in wallet, with nice UIs)
- (in parallel with the above, the non-C devs on the team): Building web-based service demos on top of all our four launch services all of which are properly functioning.

The above represents a 1-3month roadmap and will be clear in the new post, which will be up later today we were drafting it yesterday but then focused on Merged-mining later in the day.

We will begin shipping rewards this week pending the first payout from the fund, we have all of the gear ready to go out the door!

Get the latest wallet from OP.

Moolah should use the 1500 btc to pump syscoin

It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.

IMO the way to make the value grow is to start building all the things that this project promises.  Obviously that needs money to be released so that should be an urgent priority.  I don't think any funds should be used to make buy walls and the like though.  This would be completely pointless and counterproductive.  Value is added through utility and function, not through price manipulation (which can only ever be a short term fix).  Putting up buy walls would be a sign of fear/uncertainty and liable to backfire.  Let's get funds released and start building real value.

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

At this point this is just silly. Botched launch, no clear roadmap for the next few weeks, Moolah locking the funds and no plan to make the coin's value grow (unless nothing public yet). At this point both Syscoin and Moolah seem like a joke. We could end this quicker if the remaining funds were returnd to the investors and coin relaunched under new name with new IPO, because there is no way this can be fixed. Money is where you need to put some effort to find it, not in overpriced ICOs with shade behind the scenes maneuvres. There is no way this coin is going to rise above 600 satoshi (at least not in 2014) because of:
- bagholders desperate to sell
- broken promises
- no plan for the coin
- lack of promoton of working features (people do not care about what was ready at launch, people care about what is being added along the way).

Banking holiday in the UK.

Yes, thanks for simplyfing...

Moolah should give the money to the devs or return it to the investors.

AT NO TIME DID THE INVESTORS AGREE TO ALLOW MOOLAH TO HOLD THE FUNDS FOR THEMSELVES INDEFINITELY.

Moolah should give some kind of statement in regards of this. They looked awesome with handling the situation on the launch, but now something is fishy...