Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 333. (Read 490242 times)

I would have preferred a more concrete plan/contacts, but I appreciate the honesty.  I never mentioned VIA, and, for now, consider it a pump & dump.

So assuming 1400 BTC is left, approximately what allocation for:
% Future Development/operating/hiring
% Marketing to crypto market/crypto companies/crypto players/bitcointalk
% Marketing to wall street/the wealthy but tech-unsavvy

I understand you want to make something cool and have people recognize it and come to you, but most won't understand how it will benefit them.  Once you have decent working features and a well-tested product, you will have to push it hard and show companies how they will benefit from syscoin's features.

Obviously, you don't have to answer these questions as people in crypto throw around BTC like its candy, but I'm curious as to how you will respond.

Thanks

Send me chocolate coins and I'll tell you.

This is not necessary for the presale, but we do! I am unsure as to why it is currently not linked to from the main UI - and will have this resolved by tomorrow afternoon.

Looks interesting might be a nice concept!!!

Ok i invested how can i get my syscoin now?

Its hard to call out specific examples right now since there isn't really anything out there like this right now so we aren't sure what it will do and who will take the most interest. Right now I can say that we are looking to target more of the mainstream market, major financial systems, replacing brokers with the decentralized Syscoin network. Replacing centralized storefronts with decentralized markets. Ebay sellers, craigslist sellers (and more markets in that vein that I may be omitting).  Also going after data storage warehouses like dropbox and google drive, you can store data on the Syscoin blockchain and you never need to worry if "CompanyX" is still in business or if their servers crashed- its all decentralized.

Is it a lofty goal? Yep. Is it impossible? I don't think so. I don't see any other coin pushing features like this that have actually been delivered (aside from talk, whitepapers, and roadmaps)- we have these ready, and we think they will change the landscape of how financial systems work over time.

I know NXT may have similar concepts but this is not NXT, the features will be more consumable by the normal "Joe User" demographic and we have partners already on board to make those more consumable systems accessible on a larger scale. The name alias feature is another component of Syscoin that will make it much more marketable to mainstream demographics. Send your Syscoin to "danosphere.wallet" instead of "Ssf8675ho48huvnsnoubni34bkiavs94". If users change wallets they can just update their alias, no change needed to those who are sending them funds. Yes we could add a DNS system on top of the name alias system ala Namecoin but we want to wait and see how its used before mandating use cases like that.

Marketing isn't the only thing though, we'll also be hiring some crypto devs to make sure innovation keeps rolling. We know things move fast in crypto, Syscoin should be ahead of the game when it launches with the 4 features we've already completed. We want to stay ahead of the game.

Also we don't know what kind of partners we may work with in the future, some may require compensation. So a portion of funds will be set aside for that as well.


This is correct. We'll be holding the majority of it for items directly related to Syscoin- operating, hiring, and marketing costs. We as the developers will take a small portion to recoup the  8+ months of development work (which is directly related to Syscoin) and the rest is going to ongoing costs in a long term sense. This does include our own future development, which is a certainty; but also covering costs for additional devs we hire to expedite that development, marketing, more partners, advertising, etc. We aren't looking to raise more capital in 3, 6, 12months- this is going to be it. The developers are getting 2% of Syscoin but we'll be publishing our wallet addresses and holding these coins, not dumping like some developers do.

I know VIA raised a significant amount of BTC (600+) via their recent presale. How are they disclosing their spending of that fund? We could follow their example if that is what people consider fair.

Well, that's not really necessary for the pre-sale.  Or are you concerned about future trading?

moolah does not even have a username / password recovery option.

Thanks for the response.

Could you give any specific examples of how you will use funds to market syscoin?  Who will be the main targets of your marketing?

Are you saying that the holders of the ipo funds will not use any significant percentage of the ipo BTC for personal use not related to syscoin?

Just started reading a bit about SYS, so I may have missed this, but is there a wallet? I don't see it on the site. I am sure someone else has asked it already, but there are 36 pages of posts here. Hoping someone can point me in the right direction.

There is a hell of a lot of scrypt miners out there and every single week a new algo comes out, new best thing etc etc etc.
There is a good reason we picked scrypt, it works and there is a lot of hash out there willing to mine. Simple as that. It might not suit the small miners, but that boat really sailed months ago. Sad but true (I was one of them).

I saw for myself how POS worked while investing a bit in Stealthcoin. Sorry but no way, network totally unreliable due to POS kicking in too fast and would just not suit us. (Not that we had not made up our minds months ago)
We need something that is proven to work reliable to ensure the health of the blockchain which is really where all the action is.

Well, I read it to the end but I still think an initial capitalization of ~6m$ is a bit too high for something that doesn't look much different to what NXT or NEM are already offering (feature related). Ok, NEM is not yet released but it's already much more popular than Syscoin (which I heard about today the first time).

Will it be tradeable immediately? Whats your email address?

Then let me guess. You decided to stop reading why they did that and went to go post how much scrypt, POW only and 2b coins is disappointing.  

This is how people miss buying in early. They think every coin is a scam and too good to be true.

Everything checks out but people are not willing to look into it. The few errors have been adjusted. If you think something is off then post a detailed response why and everyone will check your work to find out if you are right or wrong.

i think your forgetting something. all coins are not to be mined in days so that 10,000btc cap is inaccurate. it will take years. i haven't calculated how many coins there will be by year end but not 2 billion. alot of stuff gonna be happening within 4 weeks. other exchanges yet to add us. this is only the beginning. at the moment we have 1500btc market cap. when dev launches with the features he has said your looking sitting in top 10. we have yet too know which businesses they have spoken too. lots of news coming

You want other algo's other than scrypt? Network will not be secure.
You want POS and staking? No one is staking their wallets, and get 3 - 10% yearly. It's a waste of electricity, and you can make that percentage in  just a single trade on exchanges.

Great to know this, it made us feel investors feel secure

Looked at the promo video and was excited. Then read the coin specs and was getting disappointed (scrypt, POW only, 2B coins)  

11 times more competitive? Coz it's difference between Sys and Crypti IPO prices. Based on IPO prices Crypti market cap is 750 BTC and Sys market cap is 10 000 BTC. How do you think where investors have more chances to get profit? It means to have x10 profit in Crypti its market cap should be 7500 BTC. To have x10 profit in Sys its market cap should be 100 000 BTC Not gonna argue though. Time will show.

From their own website