What some people are missing is that Alex Green / Moolah issue is not the reason of Syscoin's collapse. Even before the whole Mintpal scandal the coin's price was way below ICO price. So even if we manage to go throught the court issues we will be back to square one (which means being way below ICO price with bagholders preventing the price from going anywhere beyond 300-'s). I am also one of the bagholders (paid over 300 satoshi for my coins) and I understand that starting from scratch would make me lose some money but still this can be regained with the new coin. If we don't start a new coin instead of Sys then we won't ever attract new investors. Just ask your selves: how eager would you be to invest in a coin that has flawed reputation? Even if the coin is now better than it used to be, you wouldn't probably invest a dollar in it. And this is the main problem os Sycoin now - people automatically skip it while thinkin about their next pick, because for them it is just "this coin that failed at the beginning price wise and has been tanking since August now". Sorry for the harsh words but we have to understand that we - the bagholders - are probably the only ones who are still optimistic about the coin. Devs have proven to be solid and shouldn't waste their talents on this coin. By starting a new coin they will finally make their dream come true and you, the investors, will be happy too.
I dont get this new coin thing. A new ICO is senseless, and if you dont want to screw the current investors you will have the excat same distribution and the same bagholders. Just a new name, Alex Green - Ryan Kennedy anyone?
I am not a bagholder. I bought low and sold high all the time. And I am still slightly optimistic. Slightly because the altmarkets are terrible right now.
I dont want to sound harsh, but the new coin discussion looks stupid to me and will actually hurt this coin.
Obviously it can't be 1:1. For example for every 200 satoshi of Sys you would get 70 satoshi of the new sys. It's still better than losing it all. It's just impossible to sell the ICO coins now because there are basically no buyers. From time to time some person that is feeling lucky emerges and throws a buy wall and then the price goes below the buy wall anyway. Giving some of the money away is the only thing that could fix the situation. I also paid more than 300 satoshi for Sys and would be losing on this but it's still better than current situation. And I don't mean Moolah because there were the same problems even before Moolah.
I see really no sense in making a new coin. It changes nothing, they were different reasons for the unlucky start, so if all would have worked well in the beginning, the sys team would have now the full development funds (there were an attack to the network, problems with the wallet, a lot of FUD and so on), luckily they got the sys-coins from moolah (from the buy-wall they set up in the beginning), so even if they don't get back the full funds, they have a lot of syscoins, they already delivered a big amount of fresh code, most features are working and i personally have high expectations for the Sys developers.
Lol hope i'm right, but i think its a good time to buy, its only a personal evaluation so DYOR
..and it was my first IPO i bought in and yes i bought therefore my initial syscoins at ~500 Satoshis
I know that and you know that. But the coin will grow only if it can attract new people. And those people won't invest in Sys because there are hundreds of other coins and everyday there is a new launch. People just skip this coin. You can either lose some money now on the new ICO or lose everything when Syscoin gets delisted. Mark my words.
Just stop it already if you think Sys is gonna get delisted fuck off and give up yr coins. THERE IS NO NEW COIN GET IT?
