Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 323. (Read 490241 times)

Here is what I've been hearing from the community.

It seems people like what VIA did (of course you had the people that hated that their total amount of coins went down over time too) and having a well known person put their rep on the line helped. Just because of the way Syscoin is doing the presale many people won't buy in.

Then I'm hearing overpriced and miners dump. 100 sat, 300 sat seems to be a more common answer. They are just doing all sorts of math and probably just looking for the number that works out best for the investor (them).

It is a scrypt coin so the people that will be mining the most are most likely already rich. Will they want to mine and dump? Probably not.

Then you got the people who are unsure what will be actually launched and how they will work and who will use them. For now it is just words in the OP. Will it be easy to use? Will there be instructions? If it is too hard people will give up and claim the coin is no good.

Finally people think in a month everyone will forget about it and move on. Invest now, tie up your bitcoins for a month and then launch time comes and everyone found a new coin and won't come back to this one.

Maybe if Syscoin gets a well known person that can check out all the features it's launching with and then they can type something out about it (is it real, cool, easy to use, something people want to use) then more people will feel comfortable.

im going to watching with interest as well.  this will be a very telling ipo.  seems like its the first one that is really aggressively priced by the issuers.  investors have to do their homework.

This is a buy in and hold coin. If you want to pump and dump and make profit right away, go find another ipo. The value in this coin is probably in one year. Buy into ipo, put coins away in cold storage and then come back after one year

sounds good i have invested

U cant explain it u learn it the hard way or ez way if ur smart enough either way 10k hours screentime is golden rule in any profession u must be under 1k still by the looks of it.. u gotta long journey unless u give up its all good. Bitcoin made so many wannabe investors cause they early adopters now they think they astute investors all of a sudden but easy money has passed.

Some thoughts:
I don't expect that you'll actually sell out on this IPO.. Yes this thread has exploded lately, but it's not nearly as busy as, say, NEM.. NEM Stakes are also at a current market cap under 1M (when you account for the fact that only ~600 are on the market).

Not saying the level of innovation isn't there, but the question is whether you can expect to see sufficient earlybird adoption to sell out the presale. My guess is that you'll see something closer to 25%-50% of the presale purchased. The end result is that a smaller amount would be premined and the marketcap would thus be much lower, leaving more room for growth.  The size of the presale is also somewhat concerning.

How long before the amount of syscoin doubles? Well, a premine of 18% is 360 Million coins. Based on block timing and halving schedule, it would take 2 years before an amount equal to the premine is mined.  TBH, not sure if that's a good thing or a bad thing, but it does seem like quite a long time.

I lightly invested. We'll see what happens

I'm fairly sure Mr. Vald was being sarcastic.  I believe his point is everyone should read the original post and through the thread to get their questions answered.

Guys instead of asking what happens if all the PRESALE isn't sold -  Why not get off your arses and put the word out to  ensure that it does sell out?  

The developers can only do so much.  The rest is up to the community.  

There is so much to offer with this coin that if it meets it's full potential this could revolutionise everything.  

Now get out there and start telling everyone you know about the presale.  

The faster those PRESALES are made the faster the coin launches and the more momentum it has.

This is the correct answer. It will be mined per the normal schedule.

Thank you 

It's not destroyed.  It's removed from the premine and IPO.  I assume that means it will still be mined the normal way eventually.

IMO that would be the best way to reward people for getting in early but I think the extra coins will just be removed from the premine.

I'm also a bit confused what happens if the presale targets aren't met. As is, it appears the coins are being sold at a set price. But if we don't reach the targets, will the whole ICO (15% of supply) be divided up between however much was invested?

I can vouch for Moolah.  They have been around for a while in crypto terms - at least since I first started looking into (non BTC) crypto-currencies late last year.  Also they are located in the UK so there is no way they would be able to get away with ripping people off (unless they wanted to end up in jail).

We have been around for quite some time, we are primarily a consumer/merchant platform. We recently relaunched our exchange platform, which may be where the confusion lies. We are registered in the United Kingdom and United States, and additionally with FinCEN and HMRC.

We have a little over 90,000 registered users at this stage.

I do hope this is a success because it seems to be one of the few cryptos which has had a lot of thought put into it.  That said the presale selling has slowed down.  The community needs to get the message out more on social media and the like.  When it's finished I guarantee people will be complaining "I never heard about the presale" etc.  So start letting everybody on your FB/twitter etc know that this is something not to miss out on and emphasise urgency for the early bird discount which is only 3 days.

In that previous answer I need to dig up I did call out we would be hiring crypto devs, increasing marketing, etc. I don't know that hiring a full time call person to try and persuade companies to switch would be the best approach here. I think we'd probably wait for some smaller indie shops to be stood up using Syscoin, work with them to see how hard it was and how we can ease that pain. Then we as a team (not an anonyous username) would take those lessons learned to some crypto-friendly mainstream companies and see if we can get signed up for some pilots with those larger players.

It would then be an evolving relationship from there that would [hopefully] lead to a larger rollout once the company is satisfied with the security and accessibility of their decentralized marketplace. Our focus isn't just adoption, we know we'll need more features to really make this a holistic financial services solution so we're planning on investing in that as well.

I must admit, after all explanaitions this IPO looks pretty good.

 something specifically like hiring a full time call person to persuade companies that are offering these services to try to convince them to use Syscoin is doable with the funds?

Good question. Syscoin actually acts as a replacement for those notary publics and other centralized systems around legal agreements in that regard. The network acts as the unbiased third party. Remember Syscoin's feature is digital certificates which can act as a form of a contract. We are working on expanding the use cases of this feature into what are commonly known as "Smart Contracts" which require signatures (as in pub/priv keys) from more than one party. This smart contract feature is something we're still working on and will be an additional feature/enhancement on top of the certificates functionality which acts as a foundation for this- trying to get this in at launch but it will most likely be post-launch, and initially we'll just have the certificates portion.

Regarding laws related to digital contracts/certs/wills/deeds I don't think there are any that speak to this kind of application (or I don't know of them). I think its a new field in that sense and if this catches on (which it will, since almost all bitcoin 2.0 implementations are focusing on "smart contracts") then we'll see more laws that speak specifically to this type of thing.


I answered this question earlier but it was a few pages back, I'll dig it up and add it to the FAQ. In short- using presale funds to reduce friction moving your assets to Syscoin, making the value proposition to "Joe User" clear and salient, marketing to the crypto world and partners in that space (of which we already have a few) and marketing to the non-crypto world to increase real world adoption. Real world adoption is going to start slow, just like with Bitcoin this is a paradigm shift. Real world adoption is the main focus though. We know Syscoin can enable "shadier things" so to speak but we want to enabled larger, legitimate decentralized financial systems. It will take time, we expect bumps in the road. It impossible to predict how this will all play out once we launch as there is nothing that is 1:1 comparable to Syscoin on the market at this time.

Remember when Bitcoin first came out? Who would have thought Overstock.com, Newegg.com, Dell, and others would start accepting it as actual currency? Yet here we are years later in basically a completely different world because of Bitcoin; but no one could have predicted that with any accuracy, it'd just be speculation.

I'm not on the team at all just incase anyone is wondering. Just a person following along.

What I have read about increasing adoption has been,

"building partnerships with large players in the crypto space"

"the deals we're working on aren't cheap, but will ultimately take Syscoin to the next level."

I'm sure in the short term it is about getting the word out via websites, blogs, person to person, building web sites and telling people to check it out.

Then work on partnerships with people already used to cryptos.

Then mass adoption to people who may be interested in cryptos and what syscoin is working on.

That I assume is the outlook.