I tried searching this thread and the whitepaper, but couldn't find much discussion of any reputation system for the syscoin marketplace. What good is a markeplace without a rep system? Any plans for one?
Coderboo/Dano will answer this one.
Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 307. (Read 490241 times)
Coderboo/Dano will answer this one.
IMO SYS > Ether
If you didnt get on the IPO - now is the time.
If you didnt get on the IPO - now is the time.
Always hated the way SMF did tables.
Again thanks to Traderberg for your input
Again thanks to Traderberg for your input
THis should be stickied on the main post!
I tried searching this thread and the whitepaper, but couldn't find much discussion of any reputation system for the syscoin marketplace. What good is a markeplace without a rep system? Any plans for one?
Always hated the way SMF did tables.
Again thanks to Traderberg for your input
Again thanks to Traderberg for your input
Okay, in case anyone is interested...
I got bored at work today and decided to create a master spreadsheet of the mining numbers/coins available over time (thanks to realestmofo for providing me a template to work off of!)
Hopefully all the formulas are correct. With this spreadsheet you can simply change the variables in cells B28:B30 to any value you wish (amount sold in premine, syscoin price, and current BTC price) and all of the reward tiers/number of coins/market cap required to maintain that price will automatically update.
https://drive.google.com/file/d/0B5go0y5VNSYwZDdEQzdUN3NDN1U/edit?usp=sharing
Feel free to give it a shot and let me know what you think. If there's any errors I'll be happy to fix them.
I got bored at work today and decided to create a master spreadsheet of the mining numbers/coins available over time (thanks to realestmofo for providing me a template to work off of!)
Hopefully all the formulas are correct. With this spreadsheet you can simply change the variables in cells B28:B30 to any value you wish (amount sold in premine, syscoin price, and current BTC price) and all of the reward tiers/number of coins/market cap required to maintain that price will automatically update.
https://drive.google.com/file/d/0B5go0y5VNSYwZDdEQzdUN3NDN1U/edit?usp=sharing
Feel free to give it a shot and let me know what you think. If there's any errors I'll be happy to fix them.
Hey, sorry to pushing the same topic again and again. Just wanted to make sure the math is right.
I assume that the block time is constant (60 seconds) and therefore 1440 blocks are mined daily.
I assume that the block time is constant (60 seconds) and therefore 1440 blocks are mined daily.
Sorry, mad busy today.. Yes block time is indeed constant
UPDATED:
Mining Reward Schedule
Rewards are 32 per block after height 8035200, until the 2bil coins is reached.
| Days @ Reward Level | Cumulative Days | Ends @ Blockheight | Block Reward | Coins mined daily |
| 180 | 180 | 259200 | 128 | 184320 |
| 360 | 540 | 777600 | 96 | 138240 |
| 720 | 1260 | 1814400 | 80 | 115200 |
| 1080 | 2340 | 3369600 | 64 | 92160 |
| 1440 | 3780 | 5443200 | 48 | 69120 |
| 1800 | 5580 | 8035200 | 40 | 57600 |
Rewards are 32 per block after height 8035200, until the 2bil coins is reached.
Yes that is correct, Dano will fix this as soon as time permits (He has not had a chance to get on the thread today just yet).
Hey, sorry to pushing the same topic again and again. Just wanted to make sure the math is right.
I assume that the block time is constant (60 seconds) and therefore 1440 blocks are mined daily.
UPDATED:
red data was corrected by me (mistake: in the 2nd line the # of blocks was written instead of the block height). green data was added by me.
I assume that the block time is constant (60 seconds) and therefore 1440 blocks are mined daily.
UPDATED:
Mining Reward Schedule
Rewards are 32 per block after height 8035200, until the 2bil coins is reached.
| Days @ Reward Level | Cumulative Days | Ends @ Blockheight | Block Reward | Coins mined daily |
| 180 | 180 | 259200 | 128 | 184320 |
| 360 | 540 | 777600 | 96 | 138240 |
| 720 | 1260 | 1814400 | 80 | 115200 |
| 1080 | 2340 | 3369600 | 64 | 92160 |
| 1440 | 3780 | 5443200 | 48 | 69120 |
| 1800 | 5580 | 8035200 | 40 | 57600 |
Rewards are 32 per block after height 8035200, until the 2bil coins is reached.
red data was corrected by me (mistake: in the 2nd line the # of blocks was written instead of the block height). green data was added by me.
I'm new on this thread - sorry if this has been asked before, but what's the difference between Sys vs Ether? I'm about to change some litcoin to BTC for an investment. Any advice would be much appreciated.
If you want to see your investment this year, then sys coin it is.
the amount of ether that will be mined every year is dependent on how many they sell during IPO. so the more they sell the more that will be mined the year of release, giving a bigger dilution to the already mined/bought coins.
Sys coin will be released fully working with apps and working code by 16th of august.
Ether you have another 12 days to purchase at this price and then another 28 days after that to further buy some. then you have to wait till at least December/January to see anything if at all.
Sys coin offers refund on failure to deliver (escrow thru moolah)
Ethereum team are allowed to use upto 5000 btc before anything is even done properly or working and if it is a complete failure not a single refund.
Thank you very much, I did some further reading as well. I'm off to drop some BTC on Sys!
I'm new on this thread - sorry if this has been asked before, but what's the difference between Sys vs Ether? I'm about to change some litcoin to BTC for an investment. Any advice would be much appreciated.
If you want to see your investment this year, then sys coin it is.
the amount of ether that will be mined every year is dependent on how many they sell during IPO. so the more they sell the more that will be mined the year of release, giving a bigger dilution to the already mined/bought coins.
Sys coin will be released fully working with apps and working code by 16th of august.
Ether you have another 12 days to purchase at this price and then another 28 days after that to further buy some. then you have to wait till at least December/January to see anything if at all.
Sys coin offers refund on failure to deliver (escrow thru moolah)
Ethereum team are allowed to use upto 5000 btc before anything is even done properly or working and if it is a complete failure not a single refund.
I'm new on this thread - sorry if this has been asked before, but what's the difference between Sys vs Ether? I'm about to change some litcoin to BTC for an investment. Any advice would be much appreciated.
When will there be a public ledger available?
Should be finished shortly.
Ahh too bad, hoped for a free double investment. Instant 100% ROI 
Received a Moolah confirmation mail for my investment a few days ago after I actually made the investment and got exactly the same email today again. Some issue with email confirmations at moolah?
Due to some people stating they never received an email, we have resent it to everybody :-).
they mention moolah has 90k users and lot of merchants. they have been in business for 7 months.
where is the source or proof? what business they have done so far?
where is the source or proof? what business they have done so far?
I'll let Moolah answer that one.
We are not in the habit of breaking laws surrounding confidentiality and providing customer information.
What I can tell you, is that we are fairly well known, handled the recent Dogecoin NASCAR initiative, are one of the easiest ways to accept digital currency for goods and services; and were one of the first "BitPay" style merchant platforms for altcoins (with FIAT support). The majority of our customers are on the consumer platform, with a little over 1,000 storefronts setup - and a few thousand merchants on the platform in general.
Received a Moolah confirmation mail for my investment a few days ago after I actually made the investment and got exactly the same email today again. Some issue with email confirmations at moolah?
When will there be a public ledger available?
That's a big change in the right direction.
After the first 5 years inflation will be about 4% a year and falling. That is an excellent number! (I count new coins as inflation)
A number much higher than 2% would worry me. 4% seems to strike a good balance.
The first 5 years might be somewhat unpredictable but in case of success and growth it is necessary to have higher inflation in order to grow the market cap.
I use the term inflation not in the traditional sense of Money vs Goods instead:
Monetary supply vs Future monetary supply.
After the first 5 years inflation will be about 4% a year and falling. That is an excellent number! (I count new coins as inflation)
A number much higher than 2% would worry me. 4% seems to strike a good balance.
The first 5 years might be somewhat unpredictable but in case of success and growth it is necessary to have higher inflation in order to grow the market cap.
I use the term inflation not in the traditional sense of Money vs Goods instead:
Monetary supply vs Future monetary supply.
Here check this over. https://i.imgur.com/0KFnxJ9.jpg
Here is a Google Docs link.
https://docs.google.com/spreadsheets/d/1xuippA288LWasihZAZAPJ7c2UVhzewrxdWZiNqkIsBY/edit#gid=0
Here is a Google Docs link.
https://docs.google.com/spreadsheets/d/1xuippA288LWasihZAZAPJ7c2UVhzewrxdWZiNqkIsBY/edit#gid=0
You have a very similar typo. 96 block reward = 138,240 per day and not 69,120 (69,120 number is copied from the 48 reward section by mistake).
No need to show me that table, because this updated reward scheme is my proposal (and it's good to see it accepted by the Syscoin team without any changes). You're certainly welcome
I took a look at these numbers, and it looks like realestmofo's calculations are correct based on the table shown. I'm thinking the problem lies in the 96 block reward row; in order to be 138,240 coins per day (which makes the most since, linearly decreasing as time goes on) the total reward days at this level would need to be 180 (96 reward * 259,200 blocks / 180 days = 138,240 coins per day). The more logical option is to increase the block height of the second mining tier to 777,600, so there are 518,400 blocks to be mined over 360 days (96 reward * 518,400 blocks / 360 days = 138,240 coins per day). This would of course push all the subsequent tiers' block heights higher by 259,200 blocks. Does this sound right?
Anyways, great jobs guys! This is what Syscoin needed.
aha its you 
. Dan did indeed mention your name. We had multiple options we were looking at, but all agreed that this was the one to use that would work out the best going forward.
Nice work and thanks for the feedback. Always value it.
. Dan did indeed mention your name. We had multiple options we were looking at, but all agreed that this was the one to use that would work out the best going forward.Nice work and thanks for the feedback. Always value it.
Also people seem to overlook a simple fact that this is a merge-mined coin, i.e. most miners will get SYS for free while mining litecoin/dogecoin/whatever scrypt coin is profitable via a network of merge-mining pools. It's not a coin made for the sake of mining/trading, the number one priority is still having a secure network with high hashrate to run build-in services. And, of course, another main idea is to reward IPO buyers as much as possible because their money is what will make SYS happen (further development). Therefore it required a different approach in mining rewards design – it's good to see the community is reacting positively to the new schedule
Nailed it. Spot on.
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