Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 292. (Read 490241 times)

very wrong, if it was priced at 3000 we would need to maintain a 5million dollar market cap/floor before we even break even.

wrong calculations.

I have just paid for my share... but now im interested when will I get my wallet on wich will I recive my share of SYS?

Chinese thread was used Google Translate.

don't compare with via coz via have some big whales to control,if you think syscoin team can control this coin,then you can learn about via.

VIA presale amount is 10 000 000.

Hopefully people are smart and buy half into the presale and then throw up support at or a little above the presale price. I'm sure there will be smart presale buyers that will want to protect their investment and provide support. It's only 1500btc. To some that may seem like a lot but other decent coins have done 1500btc in volume in 24 hours. VIA did over 1,000btc in volume when it went live. Just gotta hit the ground running. Even Ethereum has over 20,000btc so far in their presale. People are ready for this kind of risk / reward. If whales drive the price under presale price and you sell into their trap then oh well. People may be upset with high fees or other things which may help create panic sellers.

The coin might as well go the drains if not managed well. VIA has great business backup (thechnologically it is not superior to SYS) - companies investing in it, developers BUILDING BUY WALLS FROM THE IPOed MONEY. The last thing is really important. If syscoin is not planning to protect our investment like that, then it is game over. No buy walls? then on day one (or rather week one) whales build sell walls to dump the price to sub 200 levels, to get more coins. If we use half of the IPO money to build buy walls, we re going to win this whales If you think there won't be whales atttacking us, then think again. Danosphere, I really hope that you will take care of that and build huge buy walls above the IPO price, even if you won't admit it here publicly. Otherwise the coin is to be torn aparat by whales.

You are right, it is more like 300 000 000 VS 92 000 000 + bounties/dev's money. But still, it makes the price 1500+ satoshi, not 500 satoshi. Anyway, better for us, I guess. Unless whales start dumping at the beginning, to gain more cheap coins.

Like another member said your numbers are a bit off. But it all depends who they know and what connections they have. VIA apparently has people or companies backing the coin already that bought all the coins that were dumped and then still bought more coins up to the current price. We'll just have to wait and see what kind of support this coin has on the market at launch. Won't be much longer now.

Check your math before shouting in big fonts

Not to mention this coin will actually have some of its features ready at launch. Viacoin is currently nothing more than any other scrypt coin, but hopefully that will change soon.

No, seriously. There were like 100 000 000 VIA available after launch. There will be about 200 000 000 SYS. Both coins have innovative features. VIA jumped to almost 40 000 satoshi and is stable. If VIA was priced 6000, shouldn't SYS be priced 3000?

It very well may be. We will know when it hits the exchanges. When marketing to business (think venture capitalist) they tend to buy and hold. Depending on how many are interested there may not be enough offered in the presale. Then they jack the price up to get people to sell so they have more coins for their long term investment. This keeps it out of the hands of pump and dump whales so in the end the price goes up and stays up like VIA is doing.

I guess he wanted to know if price will explode after launch, but tried to mask it.   

well thats a first.  complaining that ipo coins are too cheap.

There are plenty coins left for you to buy.Go grab them all.

I might be shooting my own leg here but
Isn't the ICO priced too low?

I've compared it with VIA, took into consideration number of coins available instantly on the market, looked at the things in the pipeline. Should the initial price be more like 3000 satoshi?

We labeled it the "service fee" because a generic name for what it is- different sites/exchanges charge different fees for withdrawing BTC. Because we can't predict where the BTC may be coming from or what that provider may charge to withdraw BTC, we can't provide a fixed price to reference. If there is a better/more standardized name for this fee please let me know, the labels for it seem to vary from site to site or its just referenced as a "withdrawal fee". Maybe that's a better term?

:reaches back to page 24:

I'm going to take a crack at this but I'm also going to have @coderboo reply to this as well. Syscoin doesn't implement "smart contracts" as defined by Ethereum aka a turing complete smart contract solution (er.. vision atm). Looking at this doc on NXT asset exchange Syscoin certificates do not behave like assets either, at least not as defined by that page. To be honest I don't fully understand NXT assets but Syscoin certificates I can explain.

First you register as a cert issuer on the Syscoin blockchain and this costs a set fee that isn't pennies. This enables you to issue certs, and these certs can be linked back to your wallet address through the blockchain to be provably issued by you to the reciever- even if transferred (transfers are all logged as well). So you have a cert, lets say its the digital title for a car (you're a car dealership, I'm buying a car from you). You issue the certificate to my Syscoin address via the blockchain and it proves I purchased the car from you and I own it. If in a year I want to transfer the certificate to a new owner I can do that myself- but it can always be tracked down via the blockchain to see who the current owner is (if its not encrypted).

Certificates do not inherently cost anything outside of Syscoin service fees related to the various commands. I could create an offer using the Syscoin marketplace service to sell the car and after selling transfer the cert to the new owner. The certificate system doesn't have concepts that NXT asset exchange has- there aren't bids and asks, there is no interest or expiry.

In order to prevent abuse/issuing of garbage certificates the fees for this service will be set appropriately to discourage such activity. Of course we can't ban it or anything as this is all decentralized. I'm sure there will be some level of garbage just from people wanting to try out the features not even knowing what they do and that's fine- but it will cost them, and eventually they won't have enough Syscoin to continue.

We'll be working to outline a number of use cases for the various services to people understand them better and don't waste Syscoin unintentionally

Ah..ok... Got it, many thanks. I had done that so I have paid them

Cheers