Not trying to FUD, but how can you NOT stop?
The IPO was to raise funds to run SYS long term. Now those funds are gone. The BTC was gone once it left the investors hot, little hands because Moolah had no intention of returning it for any reason. I didn't think the launch was botched that badly, but even if it had been Moolah wasn't going to return our money because Green intended to steal it. So there was no fair launch. There couldn't be. The SYS devs and the investors were the victims of a long con.
And now the money is gone and it doesn't look like it's coming back anytime soon. So how is SYS going to grow if that BTC is gone? And if you can do it without the BTC, why did you have the IPO in the first place? I just don't see how this can continue to go forward. Once again, not trying to FUD, just would love some kind of map or plan.
This is a totally fair question and to be honest it has hurt the dev/operations wallet - no doubt. But we also manage our funds extremely diligently. Even though this really hurts since the initial payment (500btc) went into covering backdue costs and only a portion of it was allocated to forward-moving efforts it was still a significant portion. I'm not going to disclose exact numbers but its more than enough to fuel our legal battle and keep things moving in a scaled back capacity hiring-wise.
I'm working on a blog post right now. Surely we could use the lost funds, and we may try to raise another round through some route if we find ourselves in need of something like that but right now we're hoping we can recover the lost funds. As we work through that process, we'll just tighten our belts and keep working on major features.
I want to stress that what I am allowed to say is very restricted right now, there is more we have planned out and we have discussed several "what if" scenarios internally on the team but until cleared by counsel I can't say anything in that regard. People have been asking for public paperwork that is proof of this action- we can't make this public for 72hrs from initiating the action, so it'll be public very soon as we started this Friday night.
Again we thank the community for the support, stay tuned for a blog post and RC4 with fixed DNS seeds! All team-controlled this time