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Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 324. (Read 490241 times)

full member
Activity: 182
Merit: 100
how are people valuing this at 10,000 BTC market cap. multiply coins in circulation by price. 2 billion coins do not exist yet and they will not on launch either so why are people mutliplying max coins by price. im failing to understand. BTC has 21million coins max does that its market cap right now should be 16billion dollars.

the value of a coin can only be valued at coins in existence, how can you value a coin at 10,000btc when there will not be 2billion coins on launch. its is clearly there. mac btc on ipo is 1500btc. so on launch the value of our coin will be 1500btc or less. the rest will be mined over the years. if you can't do simple maths please do not post about market caps

It actually makes sense. I guess everything depends on miners then. If they mine fast they might dump lower than IPO price. If they mine slowly they'll be selling higher.

it's a business evaluation; nothing about market cap at all. total valuation looks at to see if the IPO asking price is fair, we are not talking about future market cap. we look at the 10,000 BTC at 100% to see if this is a fair asking price.

IT IS NOT A 6 million market cap right off the batt

in a business evaluation your right, but the fact is this on launch the valuation of the coin is $944k. if you want to value the coin at 10k btc based on business that would be after 20years when all coins exist. i understand your saying 15% of all coins then multiply etc, but the fact still remains, valuation of the coin will be $944k on launch. if you think the valuation of the coin is lower then thats you. we have 7 btc being mined a day hardly anything. as for people selling unless they buying in now to sell at loss then thats them. don't forget dev is releasing everything on ann on launch, it is not all promises so if you still think even with what we will have the coin is not worth 10k btc then can't say more.

when i invest in the coin im looking at the current market cap.
newbie
Activity: 41
Merit: 0
How do you make contract legal digitally? In real world, contracts are notarized by notary public to make it legal. Who notarizes Syscoin/

What are plans to increasing for adoption

1 month outlook

3 month outlook

6 month outlook

1 year outlook?

I can't answer your questions about adoption, but I can tell you categorically that a contract does NOT have to be notarized to be legal.  A contract is simply an agreement between two or more parties.  It doesn't even have to be written, except in the case of real estate.

Oh, I see. Thanks for clearing that up. I always thought there was a third party for some contracts, such as wills and stuff
full member
Activity: 182
Merit: 100
moolah is registered in countries where they can be held liable, look it up, they are in wales, england and usa.
sr. member
Activity: 368
Merit: 250
How do you make contract legal digitally? In real world, contracts are notarized by notary public to make it legal. Who notarizes Syscoin/

What are plans to increasing for adoption

1 month outlook

3 month outlook

6 month outlook

1 year outlook?

I can't answer your questions about adoption, but I can tell you categorically that a contract does NOT have to be notarized to be legal.  A contract is simply an agreement between two or more parties.  It doesn't even have to be written, except in the case of real estate.
sr. member
Activity: 368
Merit: 250
Quote
2. Someone said Moolah is 2 days old. Is that true? Can we trust them our money? Is it possible someone created the website to make IPO looks legit?

I believe I registered with Moolah in December 2013.  It may have been January 2014.  But it was long before I heard of Syscoin.  Moolah is completely independent of Syscoin.  
newbie
Activity: 41
Merit: 0
How do you make contract legal digitally? In real world, contracts are notarized by notary public to make it legal. Who notarizes Syscoin? Do you know if there are robust laws for digital contract/certificates/wills/deeds yet?

What are plans to increasing for adoption to obtain users for this application of syscoin

1 month outlook

3 month outlook

6 month outlook

1 year outlook?
legendary
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
2. Someone said Moolah is 2 days old. Is that true? Can we trust them our money? Is it possible someone created the website to make IPO looks legit?

This are lies/FUD just trying to slow down the presale. Moolah has been around longer than most exchanges, it is FinCen registered and is a legit business with multiple platform offerings. Look them up, their registered biz ids are on every page of their website. Additionally they have never been hacked while other exchanges have or have crumbled. They are definitely not only trustworthy, but secure.
full member
Activity: 168
Merit: 100
If you aren't comfortable ........
how are people valuing this at 10,000 BTC market cap. multiply coins in circulation by price. 2 billion coins do not exist yet and they will not on launch either so why are people mutliplying max coins by price. im failing to understand. BTC has 21million coins max does that its market cap right now should be 16billion dollars.

the value of a coin can only be valued at coins in existence, how can you value a coin at 10,000btc when there will not be 2billion coins on launch. its is clearly there. mac btc on ipo is 1500btc. so on launch the value of our coin will be 1500btc or less. the rest will be mined over the years. if you can't do simple maths please do not post about market caps

It actually makes sense. I guess everything depends on miners then. If they mine fast they might dump lower than IPO price. If they mine slowly they'll be selling higher.

it's a business evaluation; nothing about market cap at all. total valuation looks at to see if the IPO asking price is fair, we are not talking about future market cap. we look at the 10,000 BTC at 100% to see if this is a fair asking price.

You may be right.

I've got two questions though.
1. What will happen to unsold coins.
2. Someone said Moolah is 2 days old. Is that true? Can we trust them our money? Is it possible someone created the website to make IPO looks legit?

I'll be happy to answer almost all questions.

1. They will only mine what was sold.

2. Moolah just relaunched and they are in this thread answering questions too. They have been around for awhile and are registered in 2 locations (USA being one of them). Feel free to look into Moolah some more if you are still uneasy.
newbie
Activity: 41
Merit: 0
I hate to say it, but I too think it's only fair to distribute remaining unsold coins to investors. I mean -- we are the early adopters. We are the ones who believe in Syscoin enough to take part in this relatively risky presale. We are the ones giving the funding needed so that Syscoin can take off as we feel it should. It seems only right that the earliest risk takers should enjoy the greatest reward, since we believed in Syscoin from the very start.

Of course you think this, because it coincidentally makes you a LOT more money when Syscoin takes off and you dump, but we aren't doing it. While it may benefit YOU, it would harm the coin in the long term. Investors aren't publishing their wallets and promising to hold like the Syscoin Team. We are NOT DOING THIS. STOP ASKING. You get what you pay for, period. That has not changed, nor will it.

That is what happens to unsold coins
legendary
Activity: 1806
Merit: 1001
how are people valuing this at 10,000 BTC market cap. multiply coins in circulation by price. 2 billion coins do not exist yet and they will not on launch either so why are people mutliplying max coins by price. im failing to understand. BTC has 21million coins max does that its market cap right now should be 16billion dollars.

the value of a coin can only be valued at coins in existence, how can you value a coin at 10,000btc when there will not be 2billion coins on launch. its is clearly there. mac btc on ipo is 1500btc. so on launch the value of our coin will be 1500btc or less. the rest will be mined over the years. if you can't do simple maths please do not post about market caps

It actually makes sense. I guess everything depends on miners then. If they mine fast they might dump lower than IPO price. If they mine slowly they'll be selling higher.

it's a business evaluation; nothing about market cap at all. total valuation looks at to see if the IPO asking price is fair, we are not talking about future market cap. we look at the 10,000 BTC at 100% to see if this is a fair asking price.

You may be right.

I've got two questions though.
1. What will happen to unsold coins.
2. Someone said Moolah is 2 days old. Is that true? Can we trust them our money? Is it possible someone created the website to make IPO looks legit?
legendary
Activity: 924
Merit: 1000
The problem here is that the price is already set, total coins to be distributed, and total BTC to be expected if all coins are sold.

It should be flexible, IPO like this should follow like what VIA did. Coin price is set by how coins are there to pre-sale divided by how many investors invested.

VIA is like: X / Y = unknown

while

Sys is like : X / Y = Z

All rules are set, no space for the market or people to suggest or what.

Just like Martial law, no democracy lol

Funny, I would have done it diff.

VIA = Simple scryptcoin + promises of future development.
Sys = Innovative scryptcoin + promises of future development.
newbie
Activity: 41
Merit: 0
The price that was comfortable for me was about 160 satoshi
hero member
Activity: 924
Merit: 1000

I dont think uve been in markets long enough to understand.. its understandable.

rofl , so unwilling to explain it, because it doesn't exist? so how long in crypto until i start talking illogical dumb shit?
legendary
Activity: 1806
Merit: 1001
I think the max price for 15% coins is 300 BTC. It means market cap/project valuation of Sys is 2000 BTC. There's still room for a good profit. I'd invest 1-2 btc in this case. And it's already is very risky. Everything over 300 BTC for 15% is super risky. And 1500 BTC for 15% is just pure madness.

that doesn't make any sense. you won't get 15% coins /300. but only 300 btc worth will be given out. u taking this risk and wont cry refund?

I know IPO rules that's why I'm staying away from it. If devs agree to split 15% between investors no matter how much was invested I'll invest in it.
newbie
Activity: 41
Merit: 0
how are people valuing this at 10,000 BTC market cap. multiply coins in circulation by price. 2 billion coins do not exist yet and they will not on launch either so why are people mutliplying max coins by price. im failing to understand. BTC has 21million coins max does that its market cap right now should be 16billion dollars.

the value of a coin can only be valued at coins in existence, how can you value a coin at 10,000btc when there will not be 2billion coins on launch. its is clearly there. mac btc on ipo is 1500btc. so on launch the value of our coin will be 1500btc or less. the rest will be mined over the years. if you can't do simple maths please do not post about market caps

It actually makes sense. I guess everything depends on miners then. If they mine fast they might dump lower than IPO price. If they mine slowly they'll be selling higher.

it's a business evaluation; nothing about market cap at all. total valuation looks at to see if the IPO asking price is fair, we are not talking about future market cap. we look at the 10,000 BTC at 100% to see if this is a fair asking price.

IT IS NOT A 6 million market cap right off the batt
hero member
Activity: 672
Merit: 500
The thing is - Value comes from adoption, from people

NOT from what the dev thinks the value is

The problem here is the distribution model, the fixed price IPO. Dev thinks this is worth 1500 BTC, regardless if there is any adoption or not
legendary
Activity: 1806
Merit: 1001
how are people valuing this at 10,000 BTC market cap. multiply coins in circulation by price. 2 billion coins do not exist yet and they will not on launch either so why are people mutliplying max coins by price. im failing to understand. BTC has 21million coins max does that its market cap right now should be 16billion dollars.

the value of a coin can only be valued at coins in existence, how can you value a coin at 10,000btc when there will not be 2billion coins on launch. its is clearly there. mac btc on ipo is 1500btc. so on launch the value of our coin will be 1500btc or less. the rest will be mined over the years. if you can't do simple maths please do not post about market caps

It actually makes sense. I guess everything depends on miners then. If they mine fast they might dump lower than IPO price. If they mine slowly they'll be selling higher.
newbie
Activity: 41
Merit: 0
dev i think you might need to start deleting people's post who claim we have 10,000btc market cap at launch as its just clogging up the thread of this school level simple maths. im looking at it at FUD and a pretty lame attempt at it too

it's not fud. and that would be really shady to do. please don't delete post....that's not a good idea for transparency and many people will attack at this and this will cause more problems

if you watch episode of shark tank and how they do their valuation calculations. they are not saying that it will be a 10,000 BTC market cap.

if you think of it as a start up, the valuation based on the IPO price, 100% of the coins is 10,000 BTC...meaning that the developers think that this project in general as a start up would be worth around 6 million dollars based on the technology....

now we know 100% of the coins won't be there at launch...no way..

http://www.rocksolidfinance.com/business_valuation_sharktank/


Quote
You ought to have your calculator handy when you watch ABC’s Shark Tank, the TV show where wealthy angel investors make on-the-spot investments into small businesses.
Last night a middle-aged company owner was offered 3 deals in rapid succession.  For me, this was a simple math problem: Which offer gave the owner the best valuation?
The Offers
Every offer implies what the investor thinks your company is worth: your company’s valuation.  Valuation is not just the total amount of money an investor offers, but the total value of the company implied by that offer. (I’ll do the math for you in a second.)
So which would you chose?  The offers were as follows (you’d get what is bold, the investor receives the rest):
You get $500,000 – Investor takes 20% of the company and a 15% royalty until the investment is paid back
You get $1 million – Investor takes 30% of the company and a 10% royalty until the investment is paid back
You get $4 million  and a 10% royalty forever – Investor takes 100% of the company
The Math
To start, let’s keep the math simple.  If $500,000 is the offer for 20%, then the total valuation is $2,500,00.  That’s the cash paid divided by the percentage purchase, or $500,000 / 20% = $2,500.000.  Do this calculation with each offer, and you’ll see that the base valuations within these three offers are strikingly different:
The first values the total company at just $2.5 million.
The second, at $3.3 million.
The third … at well over the $4 million cash offer since continuing royalties could have netted him many millions more over his lifetime.  In fact, by my calculation, the third offer put the valuation at nearly $6 million.

their asking offer for us is 1500 btc at 15%, which puts the total asking valuation at 10,000 BTC. we investors use this metric to find out whether or not we agree with the project being a 6 million dollar idea, and then we invest. this is not market cap calculation at all. it's a separate calculation for us to assess value and risk
full member
Activity: 182
Merit: 100
I think the max price for 15% coins is 300 BTC. It means market cap/project valuation of Sys is 2000 BTC. There's still room for a good profit. I'd invest 1-2 btc in this case. And it's already is very risky. Everything over 300 BTC for 15% is super risky. And 1500 BTC for 15% is just pure madness.

everyone has their individual targets. by saying project valuation is only 1.2million (2000btc) is absurd. what did crypt coin have when it hit 5million dollar market cap. look what happened to aurora coin. we have something unique plus not just words or promise on paper, dev has already been working on it. if you value that at 1.2million i feel sorry for you, how do you make money? $944,000 market cap is great i think and remember the btc is only given to dev if he delivers, so again if you value what dev has $1.2million then good luck in your investments. i see us sitting at $10million with successful adoption i hope this becomes new litecoin. beating bitcoin is not gonna be easy so one step at a time
full member
Activity: 168
Merit: 100
If you aren't comfortable ........
Hmm...well since it looks like the idea is to only mine the amount that is sold during the presale, what will this mean for the mining structure? As in, say only 150 million of the 300 million are sold, will the reward structure stay the same and the same amount of coins be mined daily as if all 300 million were sold? If that's the case, then it definitely does seem to be in the investors' best interest to not see all presale coins sold, as it would give more room for growth due to the reduced market cap and coins available for sale. But then again...if all coins aren't sold, that would imply the price was too high and it would be unlikely that price would sustain at an exchange, right? Or maybe not; just thinking aloud here...

So lets say all coins are not sold and people say, "See the price was too high! Now it will crash when it hits the market."

Then my response will be, "Why the hell did you buy into the presale then if you are just going to sell at a loss?"

Then you will say, "Because the miners!! They will mine and dump"

Lets assume the price tanks down to 400 sat because of the miners are presale investors selling at a loss. At 400 sat the miners are mining 5.89btc worth a day. Lets assume 75% of the miners mine and dump. That is 4.41btc worth being dumped a day.

I assume there will be buyers because there are buyers on shitcoins that don't have a future. So if you think you can scoop up some coin at 400 sat due to the presale buyers selling at a loss and miners selling 4btc a day worth then go ahead and wait.

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