So its 140btc on top of 250btc + 59m sys . My bad! So I still dont see a problem. Moolah is less likely to dump, then the manipulating whale. Moolah will probably sell in parts when price hits x5 ...
thats fine, but he isnt less likely to dump than anyone, he brought as an investment. if he brought on dips i guess you could say it was insider trading, as he had control of escrow so he knew the future news. which would be considered highly illegal in trading stocks, but hey.. these arent stocks.
i just find it disturbing that the partnership and the developers own
48% of the current supply +
1500BTC, and investors are down 30% of initial investment. Its just worrying, how did this happen, shouldnt they own like 2% current supply of premine, or 0% since they have 1500btc.
1250 btc left they used 250btc up.. and they paid in the high 4oos for syscoin..because every 1 told them to.. so people had the chance to bail..you well had your chance to get out..and look ive paid 605 for 1 sys 1 bitcoin worth i bought..but i not moaning.. just buy more if you can or ride the storm..and you seem to think your good at math why you not sell all holdings and then bye back..if your so smart
my mistake 1250btc and 48% of current syscoin - or in figures -
a cool $988,000 it just feels a bit rough that devs are up almost
1million dollars USD from zilch, and investors are down
30% due to developer
incompetence, lack of skill and poor time keeping skills.
and i did, i brought 1btc worth @ 470 and sold straight away @ 670. Im not moaning, im just concerned for other investors who diddnt get out in time and concerned the developers aren't being transparent enough.
Devs aren't up anything- we worked for 6months on this thing and are still waiting for a payday. The payout from Moolah is a long-term payout over months- this should increase investor confidence as WE AREN'T GOING ANYWHERE (never were). We are getting payments to fund the development as we keep moving, and we are moving. Also it is your choice as an investor to sell at a loss. There are people who are holding- you chose to sell it seems. We were quite clear prelaunch that this was a big undertaking and
be ready for some hiccups at launch.Yes
Moolah spent 250btc of the fund on "early buy support" (we agreed to this) to allow investors to exit without major losses if they so chose. We will not be spending any more funds on that- we need all current and future funding to go towards development, marketing, and partnerships. We have 2% of the entire SYS supply to be mined- the fact that you're comparing this figure to the current supply makes very little sense other than to just try and incite people with large % numbers in bold text.
Unless you are updating this number on a block-by block basis it is already inaccurate. We've been very clear about the fact that we are holding the SYS longer-term as others have called out its incentive to grow its value-
and its in a publicly visible wallet HERE (2% dev + 1% bounty).
We do not currently have access to the 250btc of SYS purchases as buy support but they will be in a public wallet soon as well.Newbie account repeatedly posting bold comments about figures that are already inaccurate.Guys. Just a heads up.. Going to start moderating.. Way too much shouting and screaming and FUD at this stage..
We are here and working, but just not going to reply to crap. Pointless
Yep and will move to our new thread tonight. New thread will have clear rules about WHAT will be moderated. Sorry for all the people looking for news and updates and getting blocked by less-than-productive posts by others.
In case you missed it. There's nothing astute about the latest claim of them having 48% at all. In fact, in the official Moolah proposal, the devs don't even get the coins that Moolah received by providing buy support until after 6 months.
"Clause 1
Staggered release of funds.
The escrowed funds will not be released in full. They will be released in 6 monthly payments. The first payment will be for 250 BTC once this agreement is made formal, and then there will be an additional 200 BTC released each month for the next five months.
At the end of this period, the Syscoin accrued during the early buy walls, will also be released. Release each month will be subject to the developers actively working on the coin, and making good progress in any necessary areas (to be determined on a monthly basis)."
I've followed this whole thing from go. Did you miss the whole part about the devs getting 250btc, and then returning it back to moolah? Or how about the part where they still haven't gotten any BTC for themselves?
So 250btc worth of sys has been used by Moolah for buy support, and all those coins are effectively locked in the moolah vault for 6 months. Poof, gone from the economy.