[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 294.

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: TheMilkman on August 04, 2014, 07:11:00 AM

many people are probably afraid that after syscoin is released development will stop and you will just take your profits from dev premine. dont get me wrong, i like what you did here, but this is crypto and investors probably would feel much safer if they would know that devs would get their coins some time after the launch or gradualy in several batches

Well you could always hunt us down

.. We use real names, see our website on http://syscoin.org

Nothing shady here

nomoreheroes7

sr. member

Activity: 326

Merit: 250

King of all the land

Just a heads up, I'm not too familiar with IRC lingo...but it looks like the channel is moderated (+m flag) and therefore those without a voice can't talk (get a "Cannot send to channel" error). Or maybe I'm just doing something wrong...but I don't see anyone else really talking in there, either, so I'm thinking I'm not the only one.

Anyway, excellent work guys, keep it up! I personally am not too worried about the dev portion of the premine, especially since the plan seems to be to make the team's addresses public. These guys are in it for the long haul.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: TheMilkman on August 04, 2014, 07:11:00 AM

many people are probably afraid that after syscoin is released development will stop and you will just take your profits from dev premine. dont get me wrong, i like what you did here, but this is crypto and investors probably would feel much safer if they would know that devs would get their coins some time after the launch or gradualy in several batches

so, tell me how many people you spoke about Syscoin, or is it just your concern? Roll Eyes

TheMilkman

sr. member

Activity: 334

Merit: 250

many people are probably afraid that after syscoin is released development will stop and you will just take your profits from dev premine. dont get me wrong, i like what you did here, but this is crypto and investors probably would feel much safer if they would know that devs would get their coins some time after the launch or gradualy in several batches

YYY888

full member

Activity: 194

Merit: 100

Seems to be a very worthwhile investment coin?Looks very formal, a strong team.

suchnekky

sr. member

Activity: 294

Merit: 250

Quote from: danosphere on August 03, 2014, 06:52:38 PM

Quote from: suchnekky on August 03, 2014, 04:30:14 PM

devs might want to take a look at cryptonite and its mini blockchain - might fix alot of your bloat issues - https://bitcointalksearch.org/topic/annxcn-cryptonite-1st-mini-blockchain-coin-m7-pow-no-premine-713538

perhaps implement something like this?

Interesting I've been so buried in Syscoin-launch ramp up I totally missed this! Will have to look into this more, thanks very much for the lead Wink

make it happen before launch boys! think of the potential. we could still have a tiny blockchain in 100 years, plus the ability to write notes to the receiver when sending transactions, plus all the other features - http://cryptonite.info/?page=features

whale123

sr. member

Activity: 406

Merit: 250

Not everyone follows the thread (I know they should be).
Good idea would be to write briefly (just few points).
- what will syscoin have that other coins do not have
- what syscoin has that some of other Top coins have

realestmofo

full member

Activity: 168

Merit: 100

If you aren't comfortable ........

Quote from: ?? on ??

Yes. As you said "My point is who knows what the coin will be worth so no one can say the coin is cheap or expensive", so pre-sale price should be decided by market,not by devs.

And then you will hear from people who hate that and rather do it the way Syscoin is currently doing it. Some people rather pay and know exactly how many coins they are getting.

danosphere

legendary

Activity: 1036

Merit: 1001

Syscoin- Changing the way people do business.

Quote from: suchnekky on August 03, 2014, 04:30:14 PM

devs might want to take a look at cryptonite and its mini blockchain - might fix alot of your bloat issues - https://bitcointalksearch.org/topic/annxcn-cryptonite-1st-mini-blockchain-coin-m7-pow-no-premine-713538

perhaps implement something like this?

Interesting I've been so buried in Syscoin-launch ramp up I totally missed this! Will have to look into this more, thanks very much for the lead Wink

Quote from: sudoelefant on August 03, 2014, 05:33:49 PM

In order to avoid blockchain bloat how possible would it be to reissue the genesis block every few years (transferring over alias and exchange data stores of course)?
Relevant Ethereum talk: http://youtu.be/xO1AxsYAkU8?t=46m40s

I haven't seen this video yet so let me review and get back to you. I'm assuming the point of this would be to trim expired items/data/certs from one chain and transfer only "unexpired" items to the new chain via a new genesis block or something like that? Will watch video.

At the moment we're working to get a wide array of items ready for the launch as well as testing all these commands/services and retargeting. We will have an announcement regarding service fees coming out in the next day or two just so its clear what the strategy is there from the start- we want to allow for some price discovery around these features and the announcement will explain that further as well as the strategy.

Also the team is hanging out in the #Syscoin freenode IRC more often these days, come say hi!

Pmalek

legendary

Activity: 2730

Merit: 7065

Intresting suggestions, I like them. +2

sudoelefant

newbie

Activity: 8

Merit: 0

Nice work, very interesting coin. In order to avoid blockchain bloat how possible would it be to reissue the genesis block every few years (transferring over alias and exchange data stores of course)?
Relevant Ethereum talk: http://youtu.be/xO1AxsYAkU8?t=46m40s

suchnekky

sr. member

Activity: 294

Merit: 250

devs might want to take a look at cryptonite and its mini blockchain - might fix alot of your bloat issues - https://bitcointalksearch.org/topic/annxcn-cryptonite-1st-mini-blockchain-coin-m7-pow-no-premine-713538

perhaps implement something like this?

profitofthegods

sr. member

Activity: 378

Merit: 250

Quote from: KonstantinosM on August 03, 2014, 07:23:00 AM

An extra feature I'd like is a built in loan system (for starting bussineses) where you choose a percentage rate and a timetable and multiple people invest in a loan.

It would work well with the alias system.

This would be great, but its no small task - you need at least some kind of credit rating system for it to really work well.

mightname

full member

Activity: 408

Merit: 100

Quote from: S3MKi on August 03, 2014, 07:16:54 AM

how much is total investment?

The syscoin ICO price is too high! No people are interested in it now.

I hate ICO. I hate fixed price. ICO is very risky to investors.

Please IPO!

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

I'm interested to see how big the blockchain will get.

What I like is that the features aren't light but they aren't really heavy either so this is a great experiment for crypto and how far we can push p2p technology today.

I invested a 0.25 BTC, and I would say that everyone should get a little piece of this coin, however since it's high risk I wouldn't sink a lot of what I have in it.

I think the devs are really reasonable and responsive which is something I like. 1500 BTC is a good number, it's not too low, and it's not high at all. This shows that there are many idealists in this team. A greedy team with a coin with all these features ready would premine way more than 2% for themselves, each member of the team gets something like 0.34%. There have been alts where the majority of coins have been instamined by a single person.

I agree with all the numbers so far, the market cap, the reward schedule and the pre-mine which is a first for me for a launching crypto. I'm also interested to see what people will do with this.

An extra feature I'd like is a built in loan system (for starting bussineses) where you choose a percentage rate and a timetable and multiple people invest in a loan.

It would work well with the alias system.

S3MKi

legendary

Activity: 1540

Merit: 1016

how much is total investment?

Soupulou

member

Activity: 93

Merit: 10

This is a biiiiiig project,i will do a reserch job then decide invest it or not

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: Crypto_Enthusiast on August 03, 2014, 04:51:44 AM

Couple of questions for the DEV team, if you would be so kind:

1.) Reference the hard wallets sent in the post - are these NEEDED to access your wallet? Or can you access your funds right away without them?

2.) An earlier post said that escrow will not be available at launch - do you have an ETA when it WILL be available? From my understanding, SYS was good to go from launch date..

Thank you

No, they are not needed. You will still get access via wallet.dat or keypairs for import (Depends on what you selected) .
Syscoin is feature complete, however we are working on escrow as an additional feature. This was not part of the original feature set and ETA is when its done

. Let get the coin launched first.

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: suchnekky on August 03, 2014, 01:54:02 AM

Quote from: mwheeleruk on August 03, 2014, 01:27:17 AM

The topic of "Bloating" on the blockchain has been discussed a few times, do a search onto the forum for 'Coderboo' but to also reference a post HERE can be of some reading knowledge into the topic.

Coderboo checks this topic on a daily basis - hes the primary programmer so he should be able to reference this / quote this for you shortly.

this doesn't answer anything. it basically says because its a market place, its justified that the blockchain will be massive. what does this say for long term future of syscoin? you have failed before you even started if you continue with this mindset. yous aren't bringing anything new to the table here. ebay is alerady a non anonymous market place. i fail to see what usuable and long term functional features we are buying with 1500btc. escrow however sounds great, bring something new to the table, blow us away.

i am invested myself, but i fail to see innovation, i see alot of tacky marketing tactics and flashy designs but no hard coding or evidence of progress. and with this "coderboo" being anonymous, is that the plan, he runs away with the btc and nobody knows who he is because he is anonymous and you cant reveal his name because he is a fucking NASA scientist or some shit?

In relation to coderboo please check the OP..

Just to be clear, you wont be able to insta bloat the blockchain. There are fees involved and these fees will put limits on how fast the the blockchain grows. We are looking at ways of cleaning up old expired data and this will be part of the future roadmap along with other interesting features.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: suchnekky on August 03, 2014, 01:54:02 AM

Quote from: mwheeleruk on August 03, 2014, 01:27:17 AM

The topic of "Bloating" on the blockchain has been discussed a few times, do a search onto the forum for 'Coderboo' but to also reference a post HERE can be of some reading knowledge into the topic.

Coderboo checks this topic on a daily basis - hes the primary programmer so he should be able to reference this / quote this for you shortly.

this doesn't answer anything. it basically says because its a market place, its justified that the blockchain will be massive. what does this say for long term future of syscoin? you have failed before you even started if you continue with this mindset. yous aren't bringing anything new to the table here. ebay is alerady a non anonymous market place. i fail to see what usuable and long term functional features we are buying with 1500btc. escrow however sounds great, bring something new to the table, blow us away.

i am invested myself, but i fail to see innovation, i see alot of tacky marketing tactics and flashy designs but no hard coding or evidence of progress. and with this "coderboo" being anonymous, is that the plan, he runs away with the btc and nobody knows who he is because he is anonymous and you cant reveal his name because he is a fucking NASA scientist or some shit?

Read some of my posts in the thread
about it. They try to solve with fees amd
thin clients but bloat is ok aslong as its under the increase of efficiency of storage space.

Expanding a bit anyone using value added services will be businesses (supernodes) rest will be thin clients storing on a tx database conventionally. Because supernodes are thought to be a bit
centralizing atleast until business takes off merge mining helps in this regard to stop attacks (51% and retargeting)

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 294. (Read 490241 times)