[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 287.

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: jay808 on August 11, 2014, 06:11:07 AM

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

Info is here. Again we will post details on how to use both methods before launch.

Quote from: mwheeleruk on August 07, 2014, 05:30:06 AM

Quote from: john312 on August 07, 2014, 03:15:15 AM

Which method of delivering coins should I chose? I am afraid that someone will have copy of my wallet.dat and will steal my coins and I don't know what keypar is and how to use it. Do I need an app for that?

Upon launch of Syscoin you will receive an email where you can go and download your wallet.dat they wont just send this direct over email to you - You then replace that wallet.dat with the one that's within your data folder (Once you have downloaded the Syscoin Wallet itself.

The second method (Keypair) you will have a public/private keypair combination to enter which will then give you access to your Syscoin.

nomoreheroes7

sr. member

Activity: 326

Merit: 250

King of all the land

Quote from: J9901 on August 11, 2014, 07:21:28 AM

Quote from: ciappa on August 11, 2014, 06:38:19 AM

No escrow? Shocked

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh* Undecided

Yea, that's pretty bad...and for the people worried about 2 billion coins, you have to realize that if the presale sells out then even after 1.5 years there will only be 442,944,000 coins on the market -- gonna take a loooong time to see those 2 billion coins.

The lack of research people are willing to put into a risky investment such as crypto is staggering...and frankly has me worried about how the general populace will react to this coin, if the posts here are any indication of the crypto community's mindset as a whole.

Honestly, it might be worth considering cutting the total coin supply in half, because it would still take around 26 or so years to see 1 billion coins -- and it will make people think "cool, coin supply cut in half = my investment is worth twice as much!!!" This wouldn't even require any changes to the current reward schedule (other than the final 32 block reward tier being a shorter 10 years long, instead of 70 years). But I guess that would throw off the 15% presale allocation, wouldn't it? Hmm...just thinking aloud here.

J9901

sr. member

Activity: 490

Merit: 250

Quote from: ciappa on August 11, 2014, 06:38:19 AM

No escrow? Shocked

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh* Undecided

jay808

newbie

Activity: 38

Merit: 0

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

lvyuan95

full member

Activity: 196

Merit: 100

Quote from: whale123 on August 11, 2014, 05:28:58 AM

Hi, I am trully impressed with this coin. As Danosphere (and perhaps other devs) probably knows, I was following it from the beginning (and I was following his actions since January - MEOW). I know true value of this coin, I know it is worth believeing in, however we have to understand how crypto works. There is much, much speculation going on here. Building price supportwas already mentioned and I trust it will be taken care of. However there is one more VERY important thing, that might get overlooked - most "investors" do not read the OP itself, so we can't expect them to dig into thread and read all the details. Yeah, I know it is silly, but this is how crypto works, unfortunatelly, and such people are in mayority. The visit xcloud thread and see - "cloud coin, cool, buying this". They visit crypti thread and see - "cool, huge IPO, some new stuff, buying this". We need to make it crystal clear for new people why they should buy this coin - not in details, just in short catchphrases.

+1 for ya

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: ciappa on August 11, 2014, 06:38:19 AM

No escrow? Shocked

Eh what?. We use moolah for escrow, please read the OP

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: Pmalek on August 11, 2014, 05:27:53 AM

Quote from: Bitcycle on August 11, 2014, 03:24:39 AM

Quote from: danosphere on April 27, 2014, 03:31:25 PM

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

Wait, so you're raising $900,000 and you're going to part-time this? You're keeping your day jobs?

So they should quit their jobs and commit themselfs 24/7 to Syscoin ?! The money they are raising should be spent on promoting the coin, not paying food/rent for developers LOL

Please keep the jobs you have guys...

We'll see what you think about that in a few months when little is actually happening and that $900k is mysteriously gone.

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: ereborltc on August 11, 2014, 01:40:12 AM

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Have a look at the mining schedule in the OP.. New coins are release very slowly. No idea about price whatsoever.

ciappa

hero member

Activity: 840

Merit: 501

No escrow? Shocked

jay808

newbie

Activity: 38

Merit: 0

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

whale123

sr. member

Activity: 406

Merit: 250

Hi, I am trully impressed with this coin. As Danosphere (and perhaps other devs) probably knows, I was following it from the beginning (and I was following his actions since January - MEOW). I know true value of this coin, I know it is worth believeing in, however we have to understand how crypto works. There is much, much speculation going on here. Building price supportwas already mentioned and I trust it will be taken care of. However there is one more VERY important thing, that might get overlooked - most "investors" do not read the OP itself, so we can't expect them to dig into thread and read all the details. Yeah, I know it is silly, but this is how crypto works, unfortunatelly, and such people are in mayority. The visit xcloud thread and see - "cloud coin, cool, buying this". They visit crypti thread and see - "cool, huge IPO, some new stuff, buying this". We need to make it crystal clear for new people why they should buy this coin - not in details, just in short catchphrases.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: Bitcycle on August 11, 2014, 03:24:39 AM

Quote from: danosphere on April 27, 2014, 03:31:25 PM

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

Wait, so you're raising $900,000 and you're going to part-time this? You're keeping your day jobs?

So they should quit their jobs and commit themselfs 24/7 to Syscoin ?! The money they are raising should be spent on promoting the coin, not paying food/rent for developers LOL

Please keep the jobs you have guys...

brows

newbie

Activity: 49

Merit: 0

Howdy folks. I wish to get onboard, but I am concerned about receiving my coins. Most wallets don't work with my computer, so I would like to just transfer my coins to a Moolah account wallet, as I have read is possible. How easy and quick is this going to be with the kepair or the wallet.dat file? Any insight would be great as I have never transacted in this manner before, and would like a stress free Syscoin puchase.

Bitcycle

sr. member

Activity: 420

Merit: 250

Quote from: danosphere on April 27, 2014, 03:31:25 PM

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

Wait, so you're raising $900,000 and you're going to part-time this? You're keeping your day jobs?

Pmalek

legendary

Activity: 2730

Merit: 7065

I am not. I said that because of users above my post. Obviously people find the supply confusing...

seek4dream

hero member

Activity: 966

Merit: 501

Quote from: Pmalek on August 11, 2014, 02:39:19 AM

Quote from: discodancer on August 11, 2014, 02:11:01 AM

Quote from: ereborltc on August 11, 2014, 01:40:12 AM

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Hmm, now this is an interesting question. From the OP:
Total SysCoins: 2,000,000,000 (2.0 billion)

The best "2 billion coin" one I can remember is BTSX which is trading at 150 satoshi. This makes 500 satoshi's quite over values doesn't it?
Even if we consider a fair value of 500 satoshi, 61 million market cap off the bat. Is the coin really worth this much?

Now I am re-thinking my 0.25 btc worth investment Sad

Someone correct me if I am wrong, but if presale sales out it is 900,000 $ cap at the time of launch at the presale price of corse!? After that daily coin generation is about 1btc per day at the price of 0.00000520? Thats not much at all. Confusing thing is that 2bil coins are set to be mined in like 80years...

Maybe if you guys changed blocked rewards already, you could also cut supply to 1bil or something?

I am just curious what u r worried about. As u said, it is 80 years.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: discodancer on August 11, 2014, 02:11:01 AM

Quote from: ereborltc on August 11, 2014, 01:40:12 AM

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Hmm, now this is an interesting question. From the OP:
Total SysCoins: 2,000,000,000 (2.0 billion)

The best "2 billion coin" one I can remember is BTSX which is trading at 150 satoshi. This makes 500 satoshi's quite over values doesn't it?
Even if we consider a fair value of 500 satoshi, 61 million market cap off the bat. Is the coin really worth this much?

Now I am re-thinking my 0.25 btc worth investment Sad

Someone correct me if I am wrong, but if presale sales out it is 900,000 $ cap at the time of launch at the presale price of corse!? After that daily coin generation is about 1btc per day at the price of 0.00000520? Thats not much at all. Confusing thing is that 2bil coins are set to be mined in like 80years...

Maybe if you guys changed blocked rewards already, you could also cut supply to 1bil or something?

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: ereborltc on August 11, 2014, 01:40:12 AM

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Hmm, now this is an interesting question. From the OP:
Total SysCoins: 2,000,000,000 (2.0 billion)

The best "2 billion coin" one I can remember is BTSX which is trading at 150 satoshi. This makes 500 satoshi's quite over values doesn't it?
Even if we consider a fair value of 500 satoshi, 61 million market cap off the bat. Is the coin really worth this much?

Now I am re-thinking my 0.25 btc worth investment Sad

newuser01

sr. member

Activity: 434

Merit: 250

Hello

Any thoughts on merge-mining syscoin with one of Myriadcoins 5 algos?

This will explain what I mean:
https://docs.google.com/document/d/1R78lUtwnVB9o0CZpYnxWDSyZP-adgfcN4yfu1PM8jzQ/edit?pli=1

An extra layer of security for the network. Which, in my opinion is needed, seeing as this coin uses Scrypt and one person will soon be able to 51% almost any scrypt coin.

ereborltc

hero member

Activity: 966

Merit: 500

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 287. (Read 490241 times)