Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 68. (Read 490229 times)

This is merely biggest disaster in crypto!

I've been following this coin for weeks (months, actually) and had faith in devs from the beginning.
But it seems that those people might be great coders with vision, however they totally don't understant how crypto markets work.

This is  D-I-S-A-S-T-E-R!

Why? Because hundreds of ICO investors are feeling fucked right now. Of course crypto is about risk but all successful IPO/ICO coins were using presale money to sustain the price. This way they were gaining HUGE ARMY OF LOYAL INVESTORS WHO WERE PROMOTING THE COIN FOR THEM. That is the basic of price management. Maybe some (most?) coins do not admit to supporting their own price but this is how it works in the first stage.

And here? Instead of hundreds of loyal investors to promote their coin, Syscoin developers gained hundreds of whiners and FUDDers. And this won't end in a week or two - this will continue for many months. I have to admit I didn't expect that.

Few months ago someone was posting here that he will wait and buy when we are in the 200 satoshi price range. People were laughing at him but it seems that he had a point after all. This is going down. I am holding my ICO but I already accepted that I might lose on that one.

Devs, I am not here to troll. I am here to help and keeping my mouth quite won't help. All cool innovations on blockchain are great, but first things first - it seems that you have bred not hundreds of loyal fans, but hundreds of desperate haters. And they will bring this coin down, no matter what you do. Exit buy wall is a must now. You will lose some of those presale BTC and you need to accept this. The longer you wait with announcing the wall and the longer you wait with building it after you get the ICO money, the more you will lose.

Sorry, but if you won't take care of army of haters issue RIGHT KNOW, someone will just take your ideas and execute them in better, smarter way.

So many people told you here that exit wall at 518 satoshi is only thing that could save this coin and yet you are doing nothing about it. You don't need actual BTC to do this, you just could promise that it will happen when you get your money and announce it.

Someone wrote here that "you could sell at 1000 satoshi". Insane! Most people were unable to do anything at that point with their coins. Also, we - the ICO buyers - were supposed to hold and help the coin grow this way. But since devs seem to - excuse my French - piss at us, this is no longer going to happen. People are just hoping to quit this coin and move somewhere where devs actually care about their investment.

Please, please, please - do not avoid this issue. Announce the buy wall immediately and build it as soon as you get your BTC. No excuses on that one! The buy wall should stand there and you could take BTC for development from it gradually.

If Moolah finds an excuse not to cancel ICO in the next few hours then they are over.

How Ironic this is how I imagine a physchopath ADHD RITALIN HUNGRY TROLL would post.  

Did the coins mature?

Ok, so there is a pattern forming...

The "unbiased" 3rd party escrow service is a major investor in syscoin..  They gave the dev's plenty of time to get stuff working, so they could leverage the sh!t out of their holdings to make huge coin..  

When the dev's were trying to fork to a new block-chain on monday, I managed to mine a block before they could mine it, and got to see some numbers I'm sure they didn't want seen.

The premine (18% of 2 billion) = 360 million
By monday, the maximum amount of mined coins (128 coins per block x 60 blocks per hour x 48 hours) would be just under 370,000 coins.  Now, that number is is the max, the real number is more like a quarter of that, since the wallet and forking issues kept people from mining most of the time.

So, to create a new block to account for all the coins would be a maximum of 360,370,000.

This block I mined is pictured below..



So, the numbers are not even close, the block is for 364,222,858 sys.  Lets break that down, shall we?

364,222,858 minus the premine is 4,222,858.

Assuming that the 222,858 is the actual mined coins that needed to get forked to the new chain, that leaves 4,000,000 coins (.2% of 2 Billion) that is unexplained, but a nice bonus for the dev's that noone would question.

Yeah, that's interesting.......................

Ok, so there is a pattern forming...

The "unbiased" 3rd party escrow service is a major investor in syscoin..  They gave the dev's plenty of time to get stuff working, so they could leverage the sh!t out of their holdings to make huge coin..  

When the dev's were trying to fork to a new block-chain on monday, I managed to mine a block before they could mine it, and got to see some numbers I'm sure they didn't want seen.

The premine (18% of 2 billion) = 360 million
By monday, the maximum amount of mined coins (128 coins per block x 60 blocks per hour x 48 hours) would be just under 370,000 coins.  Now, that number is is the max, the real number is more like a quarter of that, since the wallet and forking issues kept people from mining most of the time.

So, to create a new block to account for all the coins would be a maximum of 360,370,000.

This block I mined is pictured below..



So, the numbers are not even close, the block is for 364,222,858 sys.  Lets break that down, shall we?

364,222,858 minus the premine is 4,222,858.

Assuming that the 222,858 is the actual mined coins that needed to get forked to the new chain, that leaves 4,000,000 coins (.2% of 2 Billion) that is unexplained, but a nice bonus for the dev's that noone would question.

Yeah, that's interesting.......................

why would they? tell me - serious question

12 hours left, refund or dev team gets the 1500 btc? Hope a huge buy support at 518 sat when dev team gets the 1500 btc.