Author

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 332. (Read 490241 times)

legendary
Activity: 2044
Merit: 1005
How will it be the process to claim the physical bonuses for early bird investors (hard wallet, keyring...)? Huh

We're setting up a website for you to send your information to; once validated we'll send you your initial reward. Smiley Hard wallets will come after launch and there will be a follow on page for that as well and additional services tied to the hard wallet via an app. More details will be provided once its all setup, trying to get it done this week.

One question regarding the contracts.

We don't know how the landscape of cryptocurrency will be in 10 years, 20 years, etc.

What you do to ensure that these contracts will be stored an accessible 20-30 years from now...what if Syscoin gets replaced or if the project is gone by then and some major cryptocurrency takes over.

Im trying to ask, what is the contingency plan for users to access these contracts in the event that syscoin is no longer viable?

Another good question. Your data is always accessible via your wallet after its been sycned. As long as one node is still running you'll be able to get your data back after importing your keypair into any given wallet. The Syscoin team will have at least one official node running, and if for whatever reason that is going to come down, we will let people know. Also via merged mining, it would take everyone abandoning Syscoin/Scrypt for your data to be lost (no nodes running). We should implement a 1-click data backup (all data- certs, offers, data, aliases) within the the wallet client... I think we'll try to do that Wink

These are the types of scenarios where its like "this is new territory, expect some challenges" but that's the exciting part. It's also why we're testing so much before launching.

Don't want to promise too much but we've kicked around the idea of "Proof-of-Data". Essentially some nodes would have the option of storing the full blockchain while others would just get data about block value/contents but not the full block data-payload. Those who run the full chain would get a small reward for this, kinda of like PoS but not based on staking coins, more based on hosting data. This is still very much a new idea we're working on figuring out and it goes hand in hand with "lite" wallets, but its something we're srsly trying to figure out.

If you do some kind of pos or lite wallet thats not pow based then you will have to have a point of centralization. Otherwise you run the risk of being attacked by large stakes or whatever you rely on as proof. This is because in Pow you rely on the difficulty that is
built up over a sequential sequence of blocks and cant be hacked while in pos there is no difficulty so what the new idea is , is to add delegates which sign blocks and act as authorities to blocks before they become valid.. these delgates are given incentive to do so by giving them fees, they pay a deposit upfront to become a delegate and then make roi in a few months or something so you dont get bad delegates.

You sign these guys up manually so thats the centralization part, but without it all pos chains or even non pow chains that dont rely on a build up of difficulty are vulnerable to attacks, double spends
etc.

I totally welcome this kind of discourse and discussion and these are the types of things we're going to need to talk about and consider inside the team on top of other challenges we'll by figuring out as we scale. We are still testing scaling, and in that regard miners get paid for all of the services so there is additional benefit to them for storing the data and those fees move on a sliding scale. I was just tossing out something we were thinking about internally [lite wallets + 'PoD'] amongst other solutions we're thinking about if it becomes a real problem.

So this leads me to my initial question which went un answered. Assuming everyone is running full nodes at start, and since every feature besides data store is negligible in terms of storage since moores law allows disk us to manage an increase of blockchain bloat by a large percentage, and we are nowhere near the peak of disk storage efficiency.. the one I see a problem with is data
store which will fast outgrow any pace of technology advances.

If you store data on the blockchain, does everyone get that data or are there smart
clients that pull only their data to reduce bloat? The drawback of
smart clients is that if i lose my pvt key from hack or whatnot or change wallets i lose my data.. so there is more coupling between private key and external entities which may not be viable for this feature.

What do you mean by "data store fast outpacing technology advances"? Storing data has related services fees and the more you (a user) wishes to store the more it will cost to do that. I don't feel like I can answer this without fully understanding your initial statement, please clarify and myself or a teammate will answer.

How did datacoin solve this? i personally dont consider data stored
and updated based on private key a feature that satisfied the requirement of a "decentralized data storage mechanism" that warrants an r&d fund but
it is a good start like maybe a beta, however a nice storyboard of
feature sets would be nice to see where they are at and what the end goal is.. werent we promised a whitepaper prior to the IPO?

We're actually using portions of the datacoin codebase as a partial basis for Syscoin's datastore mechansim; This is called out in the whitepaper on the 1st page, but here it is to save you a trip. It's just an overview, we'll have more specific paper's and videos that are feature-based coming out over the next few weeks leading up to launch. The first page has a lot of information as well which has already been updated.

I'll provide a more info in the data storage regard tomorrow after I speak with the team about some of the upcoming [new] features. If you could clarify that bit above it would help us to provide a more direct answer.

Anonymous coder, for some reason.  Probably doesn't want his day job to know, which is a little concerning, but otherwise nice.
Exactly, for now  Lips sealed



Will the fees accrue over time? IE I add a file today and then next year, the storage fee next year will be based on the one I added today? If thats the case then how much data are you able to store before fees stack up to say $10 per megabyte where it becomes unviable.. and in that case where one becomes dependent on the technology what would that person or entity do since they cost of doing business is not sustainable? Move to another private key, losing your initial data?

If fees don't accrue over time then my point of data storage usage outpacing technology is still valid.. what I meant by that was that the use of the data storage will outweigh the decrease in cost of storage space and the blockchain will fast hit a point where many people will not be able to or want to use it because of the bloat. This is because people will store things on the block chain and over time the blockchain will grow exponentially with the user base while the size of hard drives and speed of internet connections do not keep up to justify the increases in the blockchain.

The white paper says:

"Decentralized Data Storage and Retrieval
Syscoin provides services which enable users to store, and later retrieve, any data
which they wish to directly on the Syscoin blockchain. Up to 256KB of data may be stored per Syscoin setdata transaction. However, an arbitrary number of setdata transactions may be performed in order to store the desired amount of content on the Syscoin blockchain; the user is only limited by the amount of fees they can afford to pay. The data may subsequently be retrieved by the storer or anyone else using Syscoin's 'getdata' command along with the transaction ID of the correspondent 'setdata' transaction."

So I guess that means that the fees will be based on the number of tx you use... and the fee increases for you. I hope the fee doesn't increase for everyone else if they add their 256k in that same block?

So you have a block size where N users can add up to 256k per transaction and the number of transactions X can increase up to where fee Y increases for block Z. If user A can see user B's set data, then we have a possible huge block size. If not then you have fee Y increasing as a variable of X and Z. Still need to confirm that fees dont accrue once block Z is over, and if thats the case then bloat is possibly a show stopper?
legendary
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
How will it be the process to claim the physical bonuses for early bird investors (hard wallet, keyring...)? Huh

We're setting up a website for you to send your information to; once validated we'll send you your initial reward. Smiley Hard wallets will come after launch and there will be a follow on page for that as well and additional services tied to the hard wallet via an app. More details will be provided once its all setup, trying to get it done this week.

One question regarding the contracts.

We don't know how the landscape of cryptocurrency will be in 10 years, 20 years, etc.

What you do to ensure that these contracts will be stored an accessible 20-30 years from now...what if Syscoin gets replaced or if the project is gone by then and some major cryptocurrency takes over.

Im trying to ask, what is the contingency plan for users to access these contracts in the event that syscoin is no longer viable?

Another good question. Your data is always accessible via your wallet after its been sycned. As long as one node is still running you'll be able to get your data back after importing your keypair into any given wallet. The Syscoin team will have at least one official node running, and if for whatever reason that is going to come down, we will let people know. Also via merged mining, it would take everyone abandoning Syscoin/Scrypt for your data to be lost (no nodes running). We should implement a 1-click data backup (all data- certs, offers, data, aliases) within the the wallet client... I think we'll try to do that Wink

These are the types of scenarios where its like "this is new territory, expect some challenges" but that's the exciting part. It's also why we're testing so much before launching.

Don't want to promise too much but we've kicked around the idea of "Proof-of-Data". Essentially some nodes would have the option of storing the full blockchain while others would just get data about block value/contents but not the full block data-payload. Those who run the full chain would get a small reward for this, kinda of like PoS but not based on staking coins, more based on hosting data. This is still very much a new idea we're working on figuring out and it goes hand in hand with "lite" wallets, but its something we're srsly trying to figure out.

If you do some kind of pos or lite wallet thats not pow based then you will have to have a point of centralization. Otherwise you run the risk of being attacked by large stakes or whatever you rely on as proof. This is because in Pow you rely on the difficulty that is
built up over a sequential sequence of blocks and cant be hacked while in pos there is no difficulty so what the new idea is , is to add delegates which sign blocks and act as authorities to blocks before they become valid.. these delgates are given incentive to do so by giving them fees, they pay a deposit upfront to become a delegate and then make roi in a few months or something so you dont get bad delegates.

You sign these guys up manually so thats the centralization part, but without it all pos chains or even non pow chains that dont rely on a build up of difficulty are vulnerable to attacks, double spends
etc.

I totally welcome this kind of discourse and discussion and these are the types of things we're going to need to talk about and consider inside the team on top of other challenges we'll by figuring out as we scale. We are still testing scaling, and in that regard miners get paid for all of the services so there is additional benefit to them for storing the data and those fees move on a sliding scale. I was just tossing out something we were thinking about internally [lite wallets + 'PoD'] amongst other solutions we're thinking about if it becomes a real problem.

So this leads me to my initial question which went un answered. Assuming everyone is running full nodes at start, and since every feature besides data store is negligible in terms of storage since moores law allows disk us to manage an increase of blockchain bloat by a large percentage, and we are nowhere near the peak of disk storage efficiency.. the one I see a problem with is data
store which will fast outgrow any pace of technology advances.

If you store data on the blockchain, does everyone get that data or are there smart
clients that pull only their data to reduce bloat? The drawback of
smart clients is that if i lose my pvt key from hack or whatnot or change wallets i lose my data.. so there is more coupling between private key and external entities which may not be viable for this feature.

What do you mean by "data store fast outpacing technology advances"? Storing data has related services fees and the more you (a user) wishes to store the more it will cost to do that. I don't feel like I can answer this without fully understanding your initial statement, please clarify and myself or a teammate will answer.

How did datacoin solve this? i personally dont consider data stored
and updated based on private key a feature that satisfied the requirement of a "decentralized data storage mechanism" that warrants an r&d fund but
it is a good start like maybe a beta, however a nice storyboard of
feature sets would be nice to see where they are at and what the end goal is.. werent we promised a whitepaper prior to the IPO?

We're actually using portions of the datacoin codebase as a partial basis for Syscoin's datastore mechansim; This is called out in the whitepaper on the 1st page, but here it is to save you a trip. It's just an overview, we'll have more specific paper's and videos that are feature-based coming out over the next few weeks leading up to launch. The first page has a lot of information as well which has already been updated.

I'll provide a more info in the data storage regard tomorrow after I speak with the team about some of the upcoming [new] features. If you could clarify that bit above it would help us to provide a more direct answer.

Anonymous coder, for some reason.  Probably doesn't want his day job to know, which is a little concerning, but otherwise nice.
Exactly, for now  Lips sealed

sr. member
Activity: 420
Merit: 250
"Syscoin's team is not new to the industry, they bring the experience of an award-winning team to drive this incredibly innovative project."


Who?  Real names? It's a lot of money to give to anonymous people.

What awards?



Names and images on the main site http://syscoin.org/


Thanks, that's exactly what I wanted to see!

Anonymous coder, for some reason.  Probably doesn't want his day job to know, which is a little concerning, but otherwise nice.
full member
Activity: 168
Merit: 100
If you aren't comfortable ........
"Syscoin's team is not new to the industry, they bring the experience of an award-winning team to drive this incredibly innovative project."


Who?  Real names? It's a lot of money to give to anonymous people.

What awards?



Names and images on the main site http://syscoin.org/
full member
Activity: 137
Merit: 100
"Syscoin's team is not new to the industry, they bring the experience of an award-winning team to drive this incredibly innovative project."


Who?  Real names? It's a lot of money to give to anonymous people.

What awards?



They won a fan vote for best developer team for Kittehcoin.

Great news for us Kittehs!

CryptoAwards.com deemed us as the best development team for March 2014 (with 4.6 times the amount of votes compared to the runner-up), we were also deemed as the third most favorite overall coin and the most favorite animal coin!!

http://cryptoawards.com/

It's quite prestigious. Hardly any awards in this space.
sr. member
Activity: 420
Merit: 250
"Syscoin's team is not new to the industry, they bring the experience of an award-winning team to drive this incredibly innovative project."


Who?  Real names? It's a lot of money to give to anonymous people.

What awards?

legendary
Activity: 2044
Merit: 1005
One question regarding the contracts.

We don't know how the landscape of cryptocurrency will be in 10 years, 20 years, etc.

What you do to ensure that these contracts will be stored an accessible 20-30 years from now...what if Syscoin gets replaced or if the project is gone by then and some major cryptocurrency takes over.

Im trying to ask, what is the contingency plan for users to access these contracts in the event that syscoin is no longer viable?

Another good question. Your data is always accessible via your wallet after its been sycned. As long as one node is still running you'll be able to get your data back after importing your keypair into any given wallet. The Syscoin team will have at least one official node running, and if for whatever reason that is going to come down, we will let people know. Also via merged mining, it would take everyone abandoning Syscoin/Scrypt for your data to be lost (no nodes running). We should implement a 1-click data backup (all data- certs, offers, data, aliases) within the the wallet client... I think we'll try to do that Wink

These are the types of scenarios where its like "this is new territory, expect some challenges" but that's the exciting part. It's also why we're testing so much before launching.

Don't want to promise too much but we've kicked around the idea of "Proof-of-Data". Essentially some nodes would have the option of storing the full blockchain while others would just get data about block value/contents but not the full block data-payload. Those who run the full chain would get a small reward for this, kinda of like PoS but not based on staking coins, more based on hosting data. This is still very much a new idea we're working on figuring out and it goes hand in hand with "lite" wallets, but its something we're srsly trying to figure out.

If you do some kind of pos or lite wallet thats not pow based then you will have to have a point of centralization. Otherwise you run the risk of being attacked by large stakes or whatever you rely on as proof. This is because in Pow you rely on the difficulty that is
built up over a sequential sequence of blocks and cant be hacked while in pos there is no difficulty so what the new idea is , is to add delegates which sign blocks and act as authorities to blocks before they become valid.. these delgates are given incentive to do so by giving them fees, they pay a deposit upfront to become a delegate and then make roi in a few months or something so you dont get bad delegates.

You sign these guys up manually so thats the centralization part, but without it all pos chains or even non pow chains that dont rely on a build up of difficulty are vulnerable to attacks, double spends
etc.

So this leads me to my initial question which went un answered. Assuming everyone is running full nodes at start, and since every feature besides data store is negligible in terms of storage since moores law allows disk us to manage an increase of blockchain bloat by a large percentage, and we are nowhere near the peak of disk storage efficiency.. the one I see a problem with is data
store which will fast outgrow any pace of technology advances.

If you store data on the blockchain, does everyone get that data or are there smart
clients that pull only their data to reduce bloat? The drawback of
smart clients is that if i lose my pvt key from hack or whatnot or change wallets i lose my data.. so there is more coupling between private key and external entities which may not be viable for this feature.

How did datacoin solve this? i personally dont consider data stored
and updated based on private key a feature that satisfied the requirement of a "decentralized data storage mechanism" that warrants an r&d fund but
it is a good start like maybe a beta, however a nice storyboard of
feature sets would be nice to see where they are at and what the end goal is.. werent we promised a whitepaper prior to the IPO?
sr. member
Activity: 249
Merit: 250
How will it be the process to claim the physical bonuses for early bird investors (hard wallet, keyring...)? Huh
full member
Activity: 137
Merit: 100
One question regarding the contracts.

We don't know how the landscape of cryptocurrency will be in 10 years, 20 years, etc.

What you do to ensure that these contracts will be stored an accessible 20-30 years from now...what if Syscoin gets replaced or if the project is gone by then and some major cryptocurrency takes over.

Im trying to ask, what is the contingency plan for users to access these contracts in the event that syscoin is no longer viable?
legendary
Activity: 1540
Merit: 1016
on moolah i chose and send 0.5btc but on my invest btc address i see 0.4994 and haven't receive confirmation on my email. is all good?( i mean that i wrote 0.5 but send 0.4994)

You have to send .0006 more for it to complete. Depending on where you send from it will take the transaction fee off of the sending amount so it looks like a transaction fee of .0006 was taken from your withdrawal. Am I right?
yes. bter fee
full member
Activity: 165
Merit: 100
on moolah i chose and send 0.5btc but on my invest btc address i see 0.4994 and haven't receive confirmation on my email. is all good?( i mean that i wrote 0.5 but send 0.4994)

You have to send .0006 more for it to complete. Depending on where you send from it will take the transaction fee off of the sending amount so it looks like a transaction fee of .0006 was taken from your withdrawal. Am I right?
legendary
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
on moolah i chose and send 0.5btc but on my invest btc address i see 0.4994 and haven't receive confirmation on my email. is all good?( i mean that i wrote 0.5 but send 0.4994)

PM me:
- How long ago did you send it
- From what email address


I'll do what I can to get you answers ASAP. My assumption is because the values didn't match the buy wasn't associated with you, I can get that fixed I'm pretty sure but need those above details.
legendary
Activity: 1540
Merit: 1016
on moolah i chose and send 0.5btc but on my invest btc address i see 0.4994 and haven't receive confirmation on my email. is all good?( i mean that i wrote 0.5 but send 0.4994)
sr. member
Activity: 368
Merit: 250
Ok i invested how can i get my syscoin now?

As per the Moolah Portal -
Your Syscoin will be delivered to you in either a public/private keypair combination or pre-created wallet.dat - the choice is entirely up to you.

Delivered by email?
Because i didn't create account in Moolah website


It says he will email you an encrypted link, I believe.  Danosphere said they will be sent out just before launch.

Ok i invested how can i get my syscoin now?

As per the Moolah Portal -
Your Syscoin will be delivered to you in either a public/private keypair combination or pre-created wallet.dat - the choice is entirely up to you.

Delivered by email?
Because i didn't create account in Moolah website


When you invested, you added an email address at the field which stated ( Your Wallet Will Be Sent Here. )  Wink

Ok thank you guys

Moolah sends you a confirmation email.  Mine ended up in my Spam folder, so you might want to check yours. Wink
full member
Activity: 168
Merit: 100
If you aren't comfortable ........
A lot of talk about buying and selling but don't forget about these 2.

Brokerage on the Blockchain

Exchange discrete data directly on the Blockchain. Documents like deeds, wills, trusts, stocks, bonds and contracts can now be created, mutually agreed upon, and transferred without the necessity of a third-party to authenticate the transaction; the Syscoin network itself acts as the third party, guaranteeing cryptographically-verifiable authenticity. Syscoin provides a foundation for the creation of provably fair arbitration systems which cannot be corrupted.

Certificates on the Blockchain

Using the cryptography of the Blockchain; Issue, authorize, and exchange digital certificates. With Syscoin, anyone can register as a certificate issuer and issue provably-unique certificates which can be authenticated by anyone using Syscoin's cryptographic proof of work. This allows for the creation and free exchange of a any kind of digital asset such as stocks, bonds, ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses.
full member
Activity: 137
Merit: 100
Please forgive me if I missed the point completely.

Other coins have a decentralized market place within the client itself - This is for peer to peer transfers, like Craigslist...person to person selling

Syscoin is different because it is a market place on the blockchain and it targets companies and businesses.

My question is, how do we get businesses like Amazon, or Best Buy to use your custom block chain software as opposed to using their own engine that they currently use. Also, another question is, how do you get them to accept the risk to be the guinea pigs of this new system?

The eventual goal is to take on Wall Street like Sebastien said? But don't we have to start with the really small mom and pop shops first to get a proof of concept with an actual business going and then we can target Ebay?

Also, when people order some software for ordering system, marketplace, sometimes customization is included in the package. Will you provide that customization for them?

Please share some plans on how we are going to get businesses to use the market place on the block chain. I think this is more towards very very small businesses for now

Also, for merchants that are happy with their market place/coding/customization...think NewEgg or TigerDirect. How do you convince them to switch over to Syscoin versus just accepting Bitcoin on their page.

Most of the bigger stores, the trend is just to accept Bitcoin, just like Dell.com.

Also many of the shopping cart alternatives have 24/7 technical support in case problems arise that may affect sales. do you offer some centralized support that is 24/7 as well.

Also could you make an infographic that exlplaijs the features of market place compared to the market cart software. What the differences is and how the features compare



Thank you
full member
Activity: 168
Merit: 100
If you aren't comfortable ........
Ok i invested how can i get my syscoin now?

As per the Moolah Portal -
Your Syscoin will be delivered to you in either a public/private keypair combination or pre-created wallet.dat - the choice is entirely up to you.

Delivered by email?
Because i didn't create account in Moolah website


The e-mail you typed in here

legendary
Activity: 896
Merit: 1000
Ok i invested how can i get my syscoin now?

As per the Moolah Portal -
Your Syscoin will be delivered to you in either a public/private keypair combination or pre-created wallet.dat - the choice is entirely up to you.

Delivered by email?
Because i didn't create account in Moolah website


It says he will email you an encrypted link, I believe.  Danosphere said they will be sent out just before launch.
legendary
Activity: 1036
Merit: 1000
Ok i invested how can i get my syscoin now?

As per the Moolah Portal -
Your Syscoin will be delivered to you in either a public/private keypair combination or pre-created wallet.dat - the choice is entirely up to you.

Delivered by email?
Because i didn't create account in Moolah website
sr. member
Activity: 784
Merit: 250
It seems most people just heard about VIA and what happened. Then a day or two later hear about SYS and they think SYS is trying to copy VIA with the IPO and same idea.

SYS thread has been up since April and been worked on for 8 months. VIA has some words about having this idea since late last year and finally got around to getting their IPO finished and coin launched.

It's just a coincidence that both coins are happening at the same time.

Of course it'll be no easy task to get people to adopt this new way of running a business. Think of young people though just starting off in life. They may go straight for something like SYScoin and base their business around SYScoin. If successful other people take notice and try it out.

I for one am excited when I heard them mention that they will have a store front / market place of things to buy and a template will be released to help others get started. Let this start off as a hobby just messing around trying these new cool things and turn it into a business or something. New way of doing things / new ideas. I'm sure someone will try to get a Silkroad type market place running and maybe it'll be a hit.

It may start off as a pump and dump but it sounds like the crew will stick around and build out from here. Hopefully it'll benefit the people who stick around.
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