Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 317. (Read 490251 times)
Well I'll put in a ticket with Moolah for a refund and see what they say. This is hardly reassuring from a PR/customer relations standpoint for SYScoin. If I was looking to invest in this coin and found out that the developers had so little confidence in it that they refused refunds I would not be impressed.
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.
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.
I'm really going back and forth on whether to invest in this or not. On the one hand the feature-set doesn't strike me as anything particularly different to what other projects are doing, but on the other hand in the world of open source crypto where features can be cloned and there's so much competition, its probably the front end stuff and being able to get merchants and customers on board that will really determine success, so the association with Moolah is a definite positive.
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
90,000 registered user accounts. Majority consumer, a few thousand merchant accounts. We'll be building a number of easy to use "do it yourself" overlays on top of the Syscoin platform.
Just to remind people.
We have a number of Bounties.
All bounties will be managed directly on Altcoingiveaways at THIS THREAD
Details in OP
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.
Nope. You have to wait for the coin release
Well I want a refund. I'm not prepared to have my BTC locked up for 3+ weeks. If I get it back I can trade it and try and make it larger so I can buy more when it is actually released.
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.
Nope. You have to wait for the coin release
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.
I'm really going back and forth on whether to invest in this or not. On the one hand the feature-set doesn't strike me as anything particularly different to what other projects are doing, but on the other hand in the world of open source crypto where features can be cloned and there's so much competition, its probably the front end stuff and being able to get merchants and customers on board that will really determine success, so the association with Moolah is a definite positive.
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
Going to let Dan answer this one. Should not be too long. But good question, we like those.
I'm really going back and forth on whether to invest in this or not. On the one hand the feature-set doesn't strike me as anything particularly different to what other projects are doing, but on the other hand in the world of open source crypto where features can be cloned and there's so much competition, its probably the front end stuff and being able to get merchants and customers on board that will really determine success, so the association with Moolah is a definite positive.
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
Can anyone provide me with more information about what this association with Moolah will bring to the table exactly, such as - how many merchants and wallet accounts does Moolah already have? In what ways is Moolah planning to package the capabilities of Syscoin into plugins or modules for use by their merchants and wallet holders? Anything else that will give me the confidence that businesses will actually use Syscoin's features?
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.
since the devs are an award winning crew...what awards have they won?
In the OP it is mentioned that this project is being launched by Award winning team
May you be so kind and elaborate on this. Please present some proof
May you be so kind and elaborate on this. Please present some proof
Certainly
We were the KittehCoin team (Took over after it was abandoned). We won "best dev of March 2014" at the Crypto Awards (www.cryptoawards.com); it was determined by popular vote. Unfortunately, at the moment, it appears that that site is down. Here is their twitter feed however(see march 31st):https://twitter.com/CryptoAwards
Again, his numbers are flawed..
Sorry not ignoring you, just busy. will revert back later.
8 months in 165,888,000 mined + 60,000,000 devs, bounties + 300,000,000 (if presale sells out)
4 more months / 120 days and we have 552,960 a day. 66,355,200 coins
in 12 months coins = 292,243,200 + presale amount.
So 592,243,200 syscoins max in 12 months.
At 518 sat that is 3067 btc. $1,932,210 in 12 months from launch at presale price.
since the devs are an award winning crew...what awards have they won?
Again, his numbers are flawed..
What's the total number of coins outstanding expected to be by the end of Year 1 (12 months from launch)?
Something like:
21600*1024 + (64800-21600)*768 + 280800-(64800+21600)*512 + (((365-240)*(24*60)*512)+ the premine = 225,388,800 +Premine = 525 Million
Or different if the pre-mine affects the schedule differently (which I don't think it should).
This is a back of the envelop calculation with a high chance of being totally bollocks.
I wonder if I could legally use this platform to open a restaurant and pay dividents for a couple of years to give returns to the investors...
I can out-cook any shit that the nearby restaurants are selling as Greek food. They are a disgrace in my opinion. Although I do have some high taste standards when it comes to food.
I bet I could crowd-fund it, but I don't want to receive charity and share a fair pre-determined amount to where the capital came from.
Wouldn't it be relatively easy to legislate this coin? Wouldn't a simple search in some database make a business on the blockchain perfectly auditable (at least the part that is on the blockchain?)
I wonder why the government resists this even though it would be on everyone's best interest, even on theirs'.
Because rich companies bribe governments to crush new ideas and small businesses I can out-cook any shit that the nearby restaurants are selling as Greek food. They are a disgrace in my opinion. Although I do have some high taste standards when it comes to food.
I bet I could crowd-fund it, but I don't want to receive charity and share a fair pre-determined amount to where the capital came from.
Wouldn't it be relatively easy to legislate this coin? Wouldn't a simple search in some database make a business on the blockchain perfectly auditable (at least the part that is on the blockchain?)
I wonder why the government resists this even though it would be on everyone's best interest, even on theirs'.
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.
Also, just wanting room for growth does not imply the investor is only looking to pump and dump and reap short term profits; decent profits are what we're all ultimately after but we also want to see the innovations provided by Syscoin succeed. It's just that much harder to rally behind the coin when we know there's so much extra risk involved due to perceived little room for growth and shaky investor confidence.
On another note, I feel the biggest advantage Syscoin will have when it hits the exchanges is the DECENTRALIZED MARKETPLACE. This is what non-tech savvy investors are waiting for and this WILL be the next big thing in crypto. I feel it's extremely important to emphasize Syscoin's innovations in this realm, and the best way to showcase this innovation is by having a very user-friendly GUI that rivals the likes of eBay available at launch. If people clearly see they can instantly and easily begin selling whatever the hell they want on the world's first major decentralized marketplace, I can't imagine demand for this coin not going insane.
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.
Also, just wanting room for growth does not imply the investor is only looking to pump and dump and reap short term profits; decent profits are what we're all ultimately after but we also want to see the innovations provided by Syscoin succeed. It's just that much harder to rally behind the coin when we know there's so much extra risk involved due to perceived little room for growth and shaky investor confidence.
On another note, I feel the biggest advantage Syscoin will have when it hits the exchanges is the DECENTRALIZED MARKETPLACE. This is what non-tech savvy investors are waiting for and this WILL be the next big thing in crypto. I feel it's extremely important to emphasize Syscoin's innovations in this realm, and the best way to showcase this innovation is by having a very user-friendly GUI that rivals the likes of eBay available at launch. If people clearly see they can instantly and easily begin selling whatever the hell they want on the world's first major decentralized marketplace, I can't imagine demand for this coin not going insane.
Again, his numbers are flawed..
Sorry not ignoring you, just busy. will revert back later.
I wonder if I could legally use this platform to open a restaurant and pay dividents for a couple of years to give returns to the investors...
I can out-cook any shit that the nearby restaurants are selling as Greek food. They are a disgrace in my opinion. Although I do have some high taste standards when it comes to food.
I bet I could crowd-fund it, but I don't want to receive charity and share a fair pre-determined amount to where the capital came from.
Wouldn't it be relatively easy to legislate this coin? Wouldn't a simple search in some database make a business on the blockchain perfectly auditable (at least the part that is on the blockchain?)
I wonder why the government resists this even though it would be on everyone's best interest, even on theirs'.
I can out-cook any shit that the nearby restaurants are selling as Greek food. They are a disgrace in my opinion. Although I do have some high taste standards when it comes to food.
I bet I could crowd-fund it, but I don't want to receive charity and share a fair pre-determined amount to where the capital came from.
Wouldn't it be relatively easy to legislate this coin? Wouldn't a simple search in some database make a business on the blockchain perfectly auditable (at least the part that is on the blockchain?)
I wonder why the government resists this even though it would be on everyone's best interest, even on theirs'.
Again, his numbers are flawed..
What's the total number of coins outstanding expected to be by the end of Year 1 (12 months from launch)?
this is a runaway train not gonna stop. things will move fast here. people talking about $944k market cap too high, look at other coins with new features how they rose. at the moment people could say no features yet etc. when they are out and working you will see it go up, plus we will get more details on their partners.
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