[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 325.

HjalmarX

newbie

Activity: 41

Merit: 0

Quote from: dzarmush on July 20, 2014, 01:23:05 PM

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?

fastminer

full member

Activity: 182

Merit: 100

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

dzarmush

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.

Len

full member

Activity: 177

Merit: 100

Quote from: dzarmush on July 20, 2014, 01:12:34 PM

Quote from: danosphere on July 20, 2014, 12:59:44 PM

Quote from: ?? on ??

Following your logic if devs pre-sell 0.1% of the emission - 2M coins that would be ok to sell each coin for 0.001 BTC. It's just 2000 BTC market cap, right?

And if they sell 0.0001% of the emission - 200 coins that would be ok to sell each coin for 1 BTC. It's just 2000 BTC market cap.

You lost me... 0.1% "emission"(?) of... what exactly?

The guy said that our market cap calculation is wrong. That we can't consider it as 10 000 BTC based on 1500 BTC cost of 15% of the emission. He insisted that the market cap is 1500 BTC because only 15% coins exist.

That's why I came up with my example. Let's say you only sold 0.0001% instead of 15%. With his logic it's ok to sell every coin for 1 BTC, because market cap would be only 2000 BTC.

explain to me why bitcoins market cap isnt 13 billion

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: danosphere on July 20, 2014, 12:59:44 PM

Quote from: ?? on ??

Following your logic if devs pre-sell 0.1% of the emission - 2M coins that would be ok to sell each coin for 0.001 BTC. It's just 2000 BTC market cap, right?

And if they sell 0.0001% of the emission - 200 coins that would be ok to sell each coin for 1 BTC. It's just 2000 BTC market cap.

You lost me... 0.1% "emission"(?) of... what exactly?

The guy said that our market cap calculation is wrong. That we can't consider it as 10 000 BTC based on 1500 BTC cost of 15% of the emission. He insisted that the market cap is 1500 BTC because only 15% coins exist.

That's why I came up with my example. Let's say you only sold 0.0001% instead of 15%. With his logic it's ok to sell every coin for 1 BTC, because market cap would be only 2000 BTC.

danosphere

legendary

Activity: 1036

Merit: 1001

Syscoin- Changing the way people do business.

Quote from: smackii on July 20, 2014, 01:01:47 PM

Yeah, the fix price is shit. At first i was excited when i see the first hour when the presale launched was there is already 75btc invested.

After 24 hours, it just doubled.

Glad my investment was held by moolah, not by the team. I still feel secured.

This is a great coin, but if the community or investors feel things are unfair, This will fail big time.

And holy shit! The items included in the pre-sale is not yet made, only concept and pictures Undecided

The items in the presale (features) are made, NOT only concepts and pictures. Not sure what you mean by your statement.

Quote from: triplef on July 20, 2014, 01:06:38 PM

~why do people send money without checking?

basically chineese are gamblers in nature, they wont even undestand a text and send btc`s from theyr farm`s wallets ( or x11 fpga as im in conspiracy theories)

now once they google translate they said doh.. and CRY fraud / scam or anything its basically the first 2 words they learn in english.

since anything on the internet is behind a false anonimity, they can use diffamation and get away, if i was a corporation and getting fudded and defamed, i would sue, but of course they ain`t in canada/usa right ? china is such such far away lol such such water, such such wires...

you know you can sue on loss of business because of people fudding on public places right ?

i think its time for a new forum as this pos is just filled with crappy users

Reading my mind.

I added a big section of red text to the OP telling people to READ EVERYTHING since that I guess wasn't clear. I have also added presale FAQ addressing the repeated questions we've been getting.

triplef

full member

Activity: 338

Merit: 100

https://eloncity.io/

~why do people send money without checking?

basically chineese are gamblers in nature, they wont even undestand a text and send btc`s from theyr farm`s wallets ( or x11 fpga as im in conspiracy theories)

now once they google translate they said doh.. and CRY fraud / scam or anything its basically the first 2 words they learn in english.

since anything on the internet is behind a false anonimity, they can use diffamation and get away, if i was a corporation and getting fudded and defamed, i would sue, but of course they ain`t in canada/usa right ? china is such such far away lol such such water, such such wires...

you know you can sue on loss of business because of people fudding on public places right ?

i think its time for a new forum as this pos is just filled with crappy users

smackii

sr. member

Activity: 252

Merit: 250

Yeah, the fix price is shit. At first i was excited when i see the first hour when the presale launched was there is already 75btc invested.

After 24 hours, it just doubled.

Glad my investment was held by moolah, not by the team. I still feel secured.

This is a great coin, but if the community or investors feel things are unfair, This will fail big time.

And holy shit! The items included in the pre-sale is not yet made, only concept and pictures Undecided

HjalmarX

newbie

Activity: 41

Merit: 0

Quote from: fastminer on July 20, 2014, 09:28:51 AM

im selling my investment too at 3% discount, i believe in the coin but just hurried in buying. if you can wait till launch you can buy my investment. i will be buying closer to that date. you have a opportunity to get some cheap coins

TO FUTURE INVESTORS: READ THE FULL THREAD BEFORE INVESTING

danosphere

legendary

Activity: 1036

Merit: 1001

Syscoin- Changing the way people do business.

Quote from: ?? on ??

Following your logic if devs pre-sell 0.1% of the emission - 2M coins that would be ok to sell each coin for 0.001 BTC. It's just 2000 BTC market cap, right?

And if they sell 0.0001% of the emission - 200 coins that would be ok to sell each coin for 1 BTC. It's just 2000 BTC market cap.

You lost me... 0.1% "emission"(?) of... what exactly?

Quote from: smackii on July 20, 2014, 12:54:38 PM

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

The problem here is you're thinking this is a share-based IPO like VIA and its not. Which I feel like I've repeated about 50 times at this point. Its fixed price, presale. You don't like the price, don't buy. Simple as that. Buy it on an exchange if you feel the price is so overvalues and you'll get it cheaper elsewhere.

I'm taking a break to work on the FAQ so I can get some development done today. Then working on more development.

Winslow Strong

newbie

Activity: 53

Merit: 0

Quote from: smackii on July 20, 2014, 12:54:38 PM

Just like Martial law, no democracy lol

I wouldn't go that far, but it's certainly a type of price-fixing that benefits the devs at investors' expense.

realestmofo

full member

Activity: 168

Merit: 100

If you aren't comfortable ........

I am convinced most people FUDing and acting like a dumbass are on purpose so less people invest and the ones who did invest see a better return. Can't say I blame them. If only 600btc get sold in the presale then the presale price is hella good and everyone who invested will see a nice return. Carry on.

smackii

sr. member

Activity: 252

Merit: 250

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

nomoreheroes7

sr. member

Activity: 326

Merit: 250

King of all the land

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...

GTO911

hero member

Activity: 672

Merit: 500

Quote from: snipsnoop on July 20, 2014, 12:36:04 PM

Also by setting a fixed price we control the initial cost of the coin so miner cant dump for insane profits and lower the price by a huge amount.
This is done to protect people who buy in the pre-sale.

Do you even know what you are saying?

Setting a fixed sky high price, miner WILL dump ASAP.

sidhujag

legendary

Activity: 2044

Merit: 1005

ya me too id prob jump in if this were the case... and to get ppl to buy now allocate say 40% in phase
1 and 60% in phase2 so u get more coins cheaper in phase 1

rycon87

newbie

Activity: 11

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.

Len

full member

Activity: 177

Merit: 100

if devs were to give the investors the remaining unsold coins from the IPO in proportion to their investments, we would all still have the same percentage of total coins at launch, it makes no difference

snipsnoop

legendary

Activity: 924

Merit: 1000

Quote from: fastminer on July 20, 2014, 12:31:51 PM

Quote from: Winslow Strong on July 20, 2014, 12:27:10 PM

At the price of 0.00000465 BTC/SYS you are pricing at an implied market cap (when all coins are released) of 4.65x10^(-6)*2x10^(9) = 9.3x10^3 BTC, i.e. around $5.75m. This doesn't leave much potential upside to investors, at least not enough to compensate for the severe risk we take in IPOing an altcoin.

again do your calculation how can we have a marketcap of $5.75m when the max btc in ipo can only be 1500btc at current btc prices that would be a cap of $944,000. you do know the coins are to be mined over years not days. so if you thought there is still potential at $5.75 then we are bargain right now as that is like 5x times your money. as we near launch date people will invest and anyone with misconception of fraud. dev does not have the btc moolah exchange does. they have clearly stated as long as what dev says in ann is released btc will be given. if dev fails to deliver btc will be refunded by moolah no dev. moolah has our btc. it is safe.

+1

snipsnoop

legendary

Activity: 924

Merit: 1000

Also by setting a fixed price we control the initial cost of the coin so miner cant dump for insane profits and lower the price by a huge amount.
This is done to protect people who buy in the pre-sale.

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 325. (Read 490241 times)