Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 321. (Read 490241 times)

Yes it is although very few posts have been deleted- even many FUD posts have been left so I can clear up misinformation.

For transparency I did delete a post of yours because it was not related to Syscoin and I removed my tangential comments as well.

Why would all the miners dump everything for 7.6btc to people that will hold and reap all the money.  And after the first 15 days that drops to 3.81btc a day. No one is dumping that much on an exchange. Everyone be holding.

It's the wrong thing to look at anyway.  Volume is just shares changing hands.  To keep miner-dumping from lowering the price, you need that much *new* money coming in every day.  Very few coins sustain 7.6 BTC in new investment per day, every day.

Hey everybody...  be careful around here.  Some posts are being deleted that are far from FUD.  Did you know that this is a moderated thread? (moderated by the devs.

Just do smart research.  This is an interesting coin, but keep your eyes open and be smart.

Why would you only look at one exchange (and specifically PoloniEx)?

Bittrex has 23 coins with over 7 BTC trading volume at the moment.
Cryptsy has 14, Mintpal has 13...

If you look at CoinMarketCap.com you will find 50 coins that have traded at 7+ BTC in the last 24 hours.

Hope that helps...

I don't want to come across as trashing any coin so I don't want to make any statements.

I think that having big plans for features is great but by my understanding they are only that at this point, plans. Lots of coins these days seem to only have plans, we have worked hard to make sure when we launch we differentiate ourselves from them by delivering real, new features at launch AND plans for the future. We think this is the right way to do it. That's why I guess a lot of people haven't heard about Syscoin, we waited until we had something deliverable to show before publicizing anything.

The only real other competition I see on our radar in the immediate future is Bithalo/Blackhalo, I think they have done serious work. Etherium is very innovative as well but they are a bit further out launch-wise.

Thoughts on Viacoin? This seems more promising because you have actual proof of dev work.

 a little worry about that SYS mined per day will be worth ~7.6btc .

 According to the statiscs from Poloniex , there are only XMR, CYC,XBC,BBR trade volume beyond 7.6 BTC. most of coin are less than 3 BTC.

 Especially the Viacoin only 3.5 BTC trade volume today.

 I prefer to mining syscoin rather than buy it.

This is correct. We don't currently have any changes planned to the schedule but we will review them once more before launch to better account for service fees that are also going to be distributed to miners with each block. These are distributed at a rate that is hard to predict as it is based on service usage. If upon review changes are required they will be made and publicized ASAP.

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I've added the markdown for translation bounties to the OP as well as updated FAQ and some of the bounties (increased social media bounties).

Please respond to all bounty requests on Altcoin Giveaways forums via the link posted in the OP. Replying here on BCT is against the rules, it takes 30seconds to register on Altcoin Giveaways please do so and post there to claim your rewards. Thank you.

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To those who had to "top up" accounts, Moolah has a script running to verify top-ups every 6hrs. After topping it up you should receive an email within 6hrs confirming your purchase.

We will be releasing additional information about Syscoin features (demo videos and whitepapers) over the next 4 weeks that is why there is such a long gap before launch. We're also using that time to finalize testing of Syscoin and if we finish early, possibly add or enhance the planned features (TBD). We are also planning to do some kinda of live Q&A for presale buyers/public. We need to figure out the best format for this; needs to be moderated in some form. Maybe we can get a journalist or someone to act as moderator, this is something we're definitely looking into doing and working on the logistics. We'll have more news as the presale goes on.

Want to thank everyone again for their interest. Special thanks to those who have helped answer some questions for other users and also a huge thank you to all of those of have purchased presale coins already. We are going to work very hard to make Syscoin worth more than the presale price and we're excited to be able to roll out the initial four features as well as a roadmap with some rough timelines for new features/enhancements. This presale is going to enable us to do things other teams just don't have the capital to do and we're excited to exercise that potential to try and maximize Syscoin's value/adoption. We've been through coin development before and we know how critical having working capital is to the long term success of a coin when used properly.

I think he's referring to something I said and pretty much misunderstood what I was saying and why I was saying it.
It happens...

Basically, I was talking about the exchange platform on Moolah, which is a new feature on their site.


And there you have it...

At the same time we launch of course

when will the mining start ? with launching or after launching?

The mining likely won't be adjusted at all. You accepted the risk when you decided to donate money. There are no refunds at all. Mining will continue as it is.

It is not the developers job to ensure value of the shares. You donate money, they give you coins, that's that. You accepted the risk and decided to invest, they have no obligation to make you profit at all.

Like I said, this is not a coin for a short term pump and dump. It's a long term play here. If you expect to dump your coins for profit, please go somewhere else.

Read the FAQ before investing next time.

during the first 15 days after launch, if market price remains as Regular Price: 0.00000518 BTC/SYS,
SYS mined per day will be worth ~7.6btc. Am I right?

As you said, this is the pre-sale, not the IPO, how do you ensure that the value of the sale of shares? You develop a 15% share, the size of the pre-sale program to determine the mining team bonuses. But if you did not complete 15% of the proportion of pre-assumption that only 5% of the pre-sales team of mining production should be adjusted accordingly. If you do not adjust the benefits or early investment will disappear or even lose money, remember that although you are a pre-sale, these early investors believe you and support you in the development of this coin can take off, you should protect the interests of investors , rather than just their money. If you follow the pre-sale results, the percentage adjustment programs, and if not, I want my money back.

At current valuation the news/social bounties are not really worth claiming.  If you consider increasing those, more people would likely claim them. 

From my observation (US eastern) the past few hours the pre-sale buying rate accelerated slightly.


From 2 BTC/hr to 3.5 BTC/hr.

Dano and the team, you guys have been doing a really great job of being transparent and answering all the questions. Keep up the good work! It's great to see that even in the midst of all this FUD and backlash. Glad to see you guys are really building and innovating for the long haul.



I saw that there are some people wanting to make a more short term play with this coin. There is nothing wrong with that. Here are a few tips I have for you guys:

Keep an eye on the remaining early bird allotment, and note how fast it is decreasing every day. Track it every 3-6 hours.

For instance, in the past couple of hours, it has been pretty slow. If it stays that way and mid-August arrives and even early bird hasn't sold out, I would stay away from this coin as a PnD target because I don't think you guys will get the quick spike you want once this starts trading in the markets.

HOWEVER, if early bird goes fast in the next few days, then start checking every couple of hours or more, because that's what every other person will be doing. Because the IPO is capped, you ideally want to buy right before the cap gets hit, or not at all. Never too early, preferably not in the middle, really just late as possible. I would set a target of as soon as cap hits 80% or 90% or something like that. Good luck all!

Portuguese translation coming soon

Not sure if this would upset Moolah but adding something like, "These exchanges have agreed to add us at launch" to the OP if a currently established exchange (one example Bittrex) would like to add you. That would possibly make more people feel comfortable investing knowing an exchange they have used or have heard of will be adding the coin right away. I believe people will still come to Moolah if they know they can get a different experience but still have an exchange people already trust ready to go at launch.