[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 70.

TheMilkman

sr. member

Activity: 334

Merit: 250

Quote from: ?? on ??

Way I see it is coin has hit bottom (a few times) around 400. Considering launch and forks, that's pretty good. Meaning that once issues get fixed, you should see upside. Devs are working.

Not interested in that. We have a right to get our money back according to initial agreement. Even if the price rises, Moolah not refunding us will be breaching terms of agreement.

thetruth123123

member

Activity: 280

Merit: 10

Quote from: TheMilkman on August 20, 2014, 07:10:54 AM

Quote from: kencoles on August 20, 2014, 07:07:19 AM

I don't get why you all are trying to kill this coin? Where there is problem ,there is always a solution. So please calm down everybody and talk with the DEv ment Team and lets try to make this coin successful and then everybody will win.Lets be positive and suggest plans for improvement.

Coles

Because that was the deal - no working coin, no escrow money. There was not supposed to be any second chances. Trust is gone, coin is done. Any silly excuses to not give us our money back shall not be tolerated.

Pretty much this.

Lordoftherigs

sr. member

Activity: 313

Merit: 250

Quote from: spud21 on August 20, 2014, 07:07:58 AM

It's at place 36 on coinmarketcap with a capitalization of $ 750,174 and priced at $ 0.002057 a coin. Has it only just been listed there?

Must have been listed just now. Interesting to see syscoin is already on 4 major exchanges.

TheMilkman

sr. member

Activity: 334

Merit: 250

Quote from: kencoles on August 20, 2014, 07:07:19 AM

I don't get why you all are trying to kill this coin? Where there is problem ,there is always a solution. So please calm down everybody and talk with the DEv ment Team and lets try to make this coin successful and then everybody will win.Lets be positive and suggest plans for improvement.

Coles

Because that was the deal - no working coin, no escrow money. There was not supposed to be any second chances. Trust is gone, coin is done. Any silly excuses to not give us our money back shall not be tolerated.

MantisCoinDev

newbie

Activity: 51

Merit: 0

Quote from: fox19891989 on August 20, 2014, 07:07:26 AM

Quote from: payyy on August 20, 2014, 07:04:06 AM

Quote from: thetruth123123 on August 20, 2014, 06:48:20 AM

Moolah can't even act neutral, they're one of the biggest SYS holders.

sb said Moolah will hold fund till dev team solved the bugs?does it right? if so ,god ,it will dump again. we need to our invest back.

deadline 6pm GMT

there is no deadline, a deadline wasn't discussed. the deal was: failure to deliver will result in a full refund. there was no time discussed with investors, as far as im concerned, faulure to deliver, means failure to deliver said 5 core features on launch. moolah is a scammer, simple. altered secret terms and conditions after launch to protect his 140btc investment in syscoin.

Quote from: Cointang on August 20, 2014, 06:44:20 AM

Quote from: MantisCoinDev on August 20, 2014, 06:39:32 AM

Quote from: Cointang on August 20, 2014, 06:36:29 AM

Quote from: MantisCoinDev on August 20, 2014, 06:28:36 AM

Quote from: Concentrend on August 20, 2014, 06:11:41 AM

So where is the 1% Premine Address?

original premine address: http://sys.coinzone.info/address/SdT4LVg8BFXfcK6VQP1ALVpk4Wp62YHSAW

which was sent to exchange for quick dump if necessary

new exchange premine address: http://sys.coinzone.info/address/STqv5wokEnanoedaXY9ihAtvM9ppKhyici

as you can see the devs have moved the premine for some 'unknown' reason. seems legit. and its not 1% its 16.3% ~59million syscoin

if you think this is FUD, do research

Is this true? On top of the ipo there is an additional 16.3%?

dont take my word for it. calculate it, its simple maths. the premine is 16.3% of the current supply. they also own a further 15% ontop of the 16.3%, which was purchased through buy walls (250btc) on mintpal, moolah also was allowed to exceed the max buy of 25btc per investor, and has brought 120btc worth, as confirmed by his twitter. so all in all, between syscoin and moolah, they own over 50% of syscoins, and an additional 1500bitcoins from us investors. seems everyones loaded, except the investors.

Of course they gave the 250 btc back, it's peanuts!!!! Wow

peanuts wouldnt describe it, but hold up, this is kind of a plus for investors with the dev+moolah owning over 50% of syscoin supply, this means if they dont dump, syscoin will never go below 200sat Cheesy

TheMilkman

sr. member

Activity: 334

Merit: 250

Quote from: ?? on ??

Devs should refund everyone, rebrand and come later with new coin working well. This is going nowhere, 2 failed wallet patches, what are odds to be the 3rd one working? Trust is gone, only pumpers are interested in coin now.

That also might be a good idea - clean slate.

spud21

sr. member

Activity: 342

Merit: 250

It's at place 36 on coinmarketcap with a capitalization of $ 750,174 and priced at $ 0.002057 a coin. Has it only just been listed there?

fox19891989

hero member

Activity: 840

Merit: 1000

Quote from: payyy on August 20, 2014, 07:04:06 AM

Quote from: thetruth123123 on August 20, 2014, 06:48:20 AM

Moolah can't even act neutral, they're one of the biggest SYS holders.

sb said Moolah will hold fund till dev team solved the bugs?does it right? if so ,god ,it will dump again. we need to our invest back.

deadline 6pm GMT

kencoles

sr. member

Activity: 244

Merit: 250

I don't get why you all are trying to kill this coin? Where there is problem ,there is always a solution. So please calm down everybody and talk with the DEv ment Team and lets try to make this coin successful and then everybody will win.Lets be positive and suggest plans for improvement.

Coles

thetruth123123

member

Activity: 280

Merit: 10

Quote from: newuser01 on August 20, 2014, 07:04:22 AM

Quote from: thetruth123123 on August 20, 2014, 07:03:37 AM

How could Moolah even buy Syscoin worth 140 Bitcoin when only 25 Bitcoin was allowed?

heard of exchanges?

Thought they bought in the presale.

newuser01

sr. member

Activity: 434

Merit: 250

Quote from: thetruth123123 on August 20, 2014, 07:03:37 AM

How could Moolah even buy Syscoin worth 140 Bitcoin when only 25 Bitcoin was allowed?

heard of exchanges?

payyy

full member

Activity: 518

Merit: 102

Quote from: thetruth123123 on August 20, 2014, 06:48:20 AM

Moolah can't even act neutral, they're one of the biggest SYS holders.

sb said Moolah will hold fund till dev team solved the bugs?does it right? if so ,god ,it will dump again. we need to our invest back.

thetruth123123

member

Activity: 280

Merit: 10

How could Moolah even buy Syscoin worth 140 Bitcoin when only 25 Bitcoin was allowed?

pigheadbig

hero member

Activity: 742

Merit: 500

so ,
anyone can tell me if the dev can't make the project move smooth, will the Moolah buy back all the syscoins sold ?
if so, why the price is below the IPO price.
where is the buy wall.

MantisCoinDev

newbie

Activity: 51

Merit: 0

if i was devs right now id just dump my 59mill coins they own - 16.3% premine and go into hiding with the 266btc it amounts to Cheesy

oh and id also dump the other 40mill coins they own in which they brought with the 250btc buy walls, another 200btc

~easy 466BTC Cheesy

you could hide quite easily with that decent amount of cash.

my serious question is, if the max investor amount was 250btc, why was slex/moolah able to buy 140btc worth? wasnt the whole idea of max 25btc to protect investors against whales holding large amounts of sys?

proof moolah owns 140btc worth: https://twitter.com/moolah_io/status/501022140230299648

theres some sneaky shit going on here.

thetruth123123

member

Activity: 280

Merit: 10

Quote from: open82buy on August 20, 2014, 06:59:15 AM

Quote from: Bitcycle on August 20, 2014, 06:45:29 AM

Wow, I figured this launch was overhyped, but I never dreamed that 4 days later they wouldn't have a working wallet. A much bigger mess than I expected.

+1 I don't even have access to my coins yet. I downloaded the second window wallet and added nodes all to no avail. Angry

It will be a disaster for Moolah if they actually give the Bitcoin to the Devs.

Cointang

full member

Activity: 191

Merit: 100

Can't see how you can be a vested escrow service when your heavily invested with on side of deal...

https://twitter.com/moolah_io/status/501022140230299648 I would give syscoin additional time too if it meant protecting my investment Huh

Skydog

newbie

Activity: 56

Merit: 0

Quote from: whale123 on August 20, 2014, 06:31:51 AM

Quote from: MantisCoinDev on August 20, 2014, 05:42:39 AM

Syscoin offer a 100% refund on failure to deliver of it's promised 5 core-features (escrow thru Moolah).

Oops. Top job moolah.

Now moolah claims there was hidden terms and conditions claiming they were allowed to fail and then slowly fix it. Moolah/slex pure scum.

I think this is really simple.

ICO investors are screaming - refund us!
Those who investedlater + pumpers and dumpers are screaming - no refunds!

The question is: which group is more important to developers of this coin?

I personally think that definitely terms of ICO were not met. I've lost on this coin but I am willing to accept it (however I am sad that I as a true believer in this coin have much worse entry polsition than pumpers and dumpers).

Once again I recomment the 518 buy wall solution. I personally would not dump into this wall and I guess many other ICO investors also would not. Some people would though, but it is good, since everyon would get what they want. I bet devs wouldstay with more than 1000 BTC (which is enough for decent development) and all the FUD would end.

I agree that argument "you could sell for 1000 satoshi" brought in by one of the developers is invalid. Only few people were able to sell coins back then and also why would you want to reward people who dropped your coin.

We all know that devs don't have their money yet. But promise of 518 satoshi exit wall is one thing that could do miracles for this coin.

Pretty much this. I am holding sys and I am not going to sell it at this point. But would get rid of all the panicy people here who went all in on this coin and now shitting their pants.

open82buy

hero member

Activity: 695

Merit: 500

Quote from: Bitcycle on August 20, 2014, 06:45:29 AM

Wow, I figured this launch was overhyped, but I never dreamed that 4 days later they wouldn't have a working wallet. A much bigger mess than I expected.

+1 I don't even have access to my coins yet. I downloaded the second window wallet and added nodes all to no avail. Angry

Bitcycle

sr. member

Activity: 420

Merit: 250

I can't figure out whether to buy, so I'm just sitting it out for now.

At this point, I don't expect them to deliver what was promised in the OP for ICO delivery. However, it may be that they deliver something that allows Moolah to get away with calling it "good enough".

But either way, I don't know what will happen with the price. If they deliver something "good enough" to have the btc released, people might mass dump because they realize no buyback is coming. Or they may buy because there's something "good enough".

If they fail to deliver anything that can even be stretched to be called "good enough", which is possible, again, the price could go up or down based on how the refund of the remaining btc will be processed.

Even in the best case, I don't see the price running away upward, though, so I'll sit it out for now.

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 70. (Read 490229 times)