[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 316.

snipsnoop

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Quote from: sdersdf2 on July 21, 2014, 10:58:08 AM

Quote from: rycon87 on July 21, 2014, 07:54:34 AM

A few observations:

The general consensus around here appears to be that the IPO is overpriced. I personally feel the price is decent, but could definitely use a bit more room for growth one way or another (by reducing max coins is an interesting idea). However, the appearance of the IPO being overpriced is not good;

I was among those who had concerns about the IPO price based on some calculations I'd seen earlier in the thread - which were erroneous. Market cap was being calculated and compared against other coins based on the future absolute total number of coins, instead of the number of coins at launch. Coinmarketcap.com for instance lists marketcap based on current price x current number of outstanding coins (not current price x the final future absolute total number of coins that will ever be created).

If you look at the IPO price x coins at launch, the market cap looks a heckuva lot more digestable - more like a VOOT or KARMAcoin than a DRK. There's much more potential room for growth than some of those other figures suggested. It helps a lot if there are new features ready to go at launch - or at least demonstrable proof that progress on them is well under way.

You are always going to have people trying to create FUD, just the nature of the game. Always a good idea to run your own numbers

sdersdf2

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Quote from: ?? on ??

Quote from: sdersdf2 on July 21, 2014, 10:58:08 AM

Quote from: rycon87 on July 21, 2014, 07:54:34 AM

A few observations:

The general consensus around here appears to be that the IPO is overpriced. I personally feel the price is decent, but could definitely use a bit more room for growth one way or another (by reducing max coins is an interesting idea). However, the appearance of the IPO being overpriced is not good;

I was among those who had concerns about the IPO price based on some calculations I'd seen earlier in the thread - which were erroneous. Market cap was being calculated and compared against other coins based on the future absolute total number of coins, instead of the number of coins at launch. Coinmarketcap.com for instance lists marketcap based on current price x current number of outstanding coins (not current price x the final future absolute total number of coins that will ever be created).

If you look at the IPO price x coins at launch, the market cap looks a heckuva lot more digestable - more like a VOOT or KARMAcoin than a DRK. There's much more potential room for growth than some of those other figures suggested. It helps a lot if there are new features ready to go at launch - or at least demonstrable proof that progress on them is well under way.

Careful they might delete your message too.

Dude, you were in the wrong. Their refund policy was abundantly clear.

sdersdf2

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Quote from: rycon87 on July 21, 2014, 07:54:34 AM

A few observations:

The general consensus around here appears to be that the IPO is overpriced. I personally feel the price is decent, but could definitely use a bit more room for growth one way or another (by reducing max coins is an interesting idea). However, the appearance of the IPO being overpriced is not good;

I was among those who had concerns about the IPO price based on some calculations I'd seen earlier in the thread - which were erroneous. Market cap was being calculated and compared against other coins based on the future absolute total number of coins, instead of the number of coins at launch. Coinmarketcap.com for instance lists marketcap based on current price x current number of outstanding coins (not current price x the final future absolute total number of coins that will ever be created).

If you look at the IPO price x coins at launch, the market cap looks a heckuva lot more digestable - more like a VOOT or KARMAcoin than a DRK. There's much more potential room for growth than some of those other figures suggested. It helps a lot if there are new features ready to go at launch - or at least demonstrable proof that progress on them is well under way.

fastminer

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Quote from: danosphere on July 21, 2014, 10:54:20 AM

For the purposes of transparency to the rest of those posting here I am now actively DELETING posts made by user "Soul_eater_123" as they are now just spam at this point. This user failed to read the terms of the presale and is now trying to ruin our presale because of it. I'm sure I'll miss one or two where he says I'm a lying scammer or something of that nature (which is of course a complete lie). They are always welcome to contact me directly.

I apologize to other presale investors who may have legitimate questions and are being interrupted by this user. Thanks for your patience. This is why this topic is self-moderated.

+1

danosphere

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Syscoin- Changing the way people do business.

For the purposes of transparency to the rest of those posting here I am now actively DELETING posts made by user "Soul_eater_123" as they are now just spam at this point. This user failed to read the terms of the presale and is now trying to ruin our presale because of it. I'm sure I'll miss one or two where he may imply I'm a lying no good trickster or something of that nature (which is of course completely not true). This user (and any user for that matter) are always welcome to contact me directly either via pm or direct email [email protected].

I apologize to other presale investors who may have legitimate questions and are being interrupted by this user. Thanks for your patience. This is why this topic is self-moderated.

fastminer

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the reason why refunds cannot be made is because its extra work. why invest if you wanted a refund. is it dev fault you can't read. nothing on the terms or info has not changed, so you will not get it. stop spreading lies.

fastminer

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Quote from: Soul_eater_123 on July 21, 2014, 10:47:21 AM

Quote

now that is FUD, how are you saying wallets are in syscoin control, when wallets are generated by moolah on their exchange also, moolah has confirmed by posting here that coins are with them. dev needs to talk to them if they want access to BTC. you do know what a escrow is right?

That's what Moolah told me themselves. I think they would know better than you.

well the user slex is moolah on bitcointalk and he told me cannot refund the coins only if dev does not deliver moolah will refund users, so explain to me how moolah will refund if syscoin has coins. stop spreading lies. your posts deserve to be deleted

danosphere

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Quote from: Soul_eater_123 on July 21, 2014, 10:46:02 AM

Quote

I deleted ONE message because you didn't read the OP. I'm not going to get into a childish argument with you. You just reposted what i deleted and I let it stand so do whatever you'd like. What you posted is still here for all to see via your reposting of it.

Then don't. You were less than transparent at the presale launch. Simply stating that you won't issue refunds is not only unacceptable it is also illegal under UK and EU law. If you have confidence in your product this shouldn't be a problem.

Quote

My responses are only defending the fact that all of this information is very clearly stated in the first page, and then again on the actual presale purchase page, and you didn't read.

No it's not. A lot of our concerns have arisen out of information that has only been posted in these forums AFTER the presale began. Anyway the way you are behaving doesn't exactly make for good PR.

I added this already answered question to the FAQ to make even clearer a point that everyone else already clearly understood.

rycon87

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Quote from: Soul_eater_123 on July 21, 2014, 09:34:39 AM

Guys keep getting the word out about Syscoin. The devs can't do it alone no matter how accomplished they are, it takes community support to make a coin successful. This is the first true 2nd generation coin like Ethereum, but it's here NOW - so get the word out and let everyone you can know about it.

Quote from: Soul_eater_123 on July 21, 2014, 10:05:53 AM

Is there any way I can get a refund for my presale? I've changed my mind and would rather wait until release to invest.

Soul_eater just take some time to think about what's going on here. You acknowledged yourself that this is a truly innovative coin with huge potential, then within the span of 30 minutes changed your mind and want a refund. Dano and the team have already said they're going to be looking at the mining data and may make some tweaks, so at least wait to hear about that. Otherwise, at the very worst you can just dump your Syscoin at launch for near presale price so that others who do believe in this coin's potential can have a chance for cheap coins.

Soul_eater_123

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Quote

now that is FUD, how are you saying wallets are in syscoin control, when wallets are generated by moolah on their exchange also, moolah has confirmed by posting here that coins are with them. dev needs to talk to them if they want access to BTC. you do know what a escrow is right?

That's what Moolah told me themselves. I think they would know better than you.

sdersdf2

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Quote from: Soul_eater_123 on July 21, 2014, 10:41:51 AM

Quote from: fastminer on July 21, 2014, 10:39:52 AM

Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev

Actually I've just spoken to Moolah. They say it is completely out of their control and Syscoin have control of all the wallets etc - so only they can issue refunds. It just gets WORSE.

The refund policy is pretty clearly stated in the OP:

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

[...]

PLEASE READ: Presale purchases are final. There will be no individual refunds unless the Syscoin Team does not deliver. Delivery is defined as: Syscoin as a universally merge-mineable coin with the 4 features outlined in preann (marketplace, certificates, name aliases, and data aliases). Double check your numbers before sending BTC! In the event the Syscoin Team does not deliver Syscoin, all presale purchases will be refunded. In that event Moolah will reach out to investors to verify the refund-address before issuing the refund.

[...]

Complete with bold, underlines and italics.

You (and everybody else) gets a refund if they don't deliver.

Soul_eater_123

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Quote

I deleted ONE message because you didn't read the OP. I'm not going to get into a childish argument with you. You just reposted what i deleted and I let it stand so do whatever you'd like. What you posted is still here for all to see via your reposting of it.

Then don't. You were less than transparent at the presale launch. Simply stating that you won't issue refunds is not only unacceptable it is also illegal under UK and EU law. If you have confidence in your product this shouldn't be a problem.

Quote

My responses are only defending the fact that all of this information is very clearly stated in the first page, and then again on the actual presale purchase page, and you didn't read.

No it's not. A lot of our concerns have arisen out of information that has only been posted in these forums AFTER the presale began. Anyway the way you are behaving doesn't exactly make for good PR.

snipsnoop

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Quote from: jibble on July 21, 2014, 10:44:57 AM

Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

they have no access to the funds. You are asking them to do something impossible, issue a refund of BTC that they don't and wont have a single ounce of control over till the release of the coin.

You might as well say they are giving bad customer service because they ran out of unicorn soup. both impossible things

Exactly.

fastminer

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Quote from: Soul_eater_123 on July 21, 2014, 10:41:51 AM

Quote from: fastminer on July 21, 2014, 10:39:52 AM

Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev

Actually I've just spoken to Moolah. They say it is completely out of their control and Syscoin have control of all the wallets etc - so only they can issue refunds. It just gets WORSE.

now that is FUD, how are you saying wallets are in syscoin control, when wallets are generated by moolah on their exchange also, moolah has confirmed by posting here that coins are with them. dev needs to talk to them if they want access to BTC. you do know what a escrow is right?

you might as well leave now, you lose all credibility with that post. you are here to fud

jibble

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Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

they have no access to the funds. You are asking them to do something impossible, issue a refund of BTC that they don't and wont have a single ounce of control over till the release of the coin.

You might as well say they are giving bad customer service because they ran out of unicorn soup. both impossible things

Edit : lol just seen last post, any proof of that claim ?

Soul_eater_123

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Quote from: fastminer on July 21, 2014, 10:39:52 AM

Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev

Actually I've just spoken to Moolah. They say it is completely out of their control and Syscoin have control of all the wallets etc - so only they can issue refunds. It just gets WORSE.

danosphere

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Syscoin- Changing the way people do business.

Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

I deleted ONE message because you didn't read the OP. I'm not going to get into a childish argument with you. You just reposted what i deleted and I let it stand so do whatever you'd like. What you posted is still here for all to see via your reposting of it.

My responses are only defending the fact that all of this information is very clearly stated in the first page, and then again on the actual presale purchase page, and you didn't read.

fastminer

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Quote from: Soul_eater_123 on July 21, 2014, 10:36:36 AM

I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev

Soul_eater_123

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I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.

fastminer

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Quote from: michaelb87 on July 21, 2014, 10:26:48 AM

Quote from: ?? on ??

Quote from: rycon87 on July 21, 2014, 07:54:34 AM

A few observations:

The general consensus around here appears to be that the IPO is overpriced. I personally feel the price is decent, but could definitely use a bit more room for growth one way or another (by reducing max coins is an interesting idea). However, the appearance of the IPO being overpriced is not good; it means investors are scared to take a chance with Syscoin and the momentum is instantly killed from all the pricing FUD (see how the IPO investments have slowed). Because of this, I think it's imperative the devs make a change to something in regards to the coin to make investors feel a bit more comfortable in giving Syscoin a shot, or else the coin will come flopping out the gate at launch day with zero momentum due to the general negative air surrounding the price. If there's one thing a new coin needs to succeed right off the bat, it's a happy and enthusiastic community but unfortunately I'm not seeing much positive talk around here at all since the price was released.

Well I am not sure I agree about momentum. 190BTC in less than 48 hours is pretty good in my book.
As for the actual pre-sale price, I dont think its priced too high at all. Again looking at the figures with the existing feature set in mind, it is priced just about right..
Again I want to be clear, we have NOT priced this for a quick P/D, if that is what you want there are plenty of ****coins around.

Also we ARE still looking at the mining data on our own testnet and we will be coming out with some news on that shortly.

What do you call ****coins? VIA? CRYPTI? All good coins with a way better IPO.

most of the investors are cool with the price. the price can stay the same. no need to listen to these investors who want to make a quick buck. if they think $944k is too high they can go invest elsewhere. this coin is something new and refreshing to the crypto community. i see this having a market cap of $10million once features are launched. we have got 185btc already so we definitly have the interest. the only reason why its not more is because launch date is further down the line yet. people will invest as it comes to that date, so people can whine all they want about the price, but the fact is on launch our cap will be $944k with the features so that will shoot up. i would prefer a 1 billion cap, same price same amount of max coins in ipo.

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 316. (Read 490241 times)