In my opinion the biggest risk is that some experienced team is waiting for these guys to deliver all features and then hijack the code, add minor features and make a good release. If that happens will be the end for syscoin
because there will be a copycat with better support and better experience for users. Welcome to the darkside of free software. I even think that's the reason of the perceived low price.
Any team that attempt this (and their welcome to) would be somewhat reliant on us to keep their fork working since Syscoin is an entirely different animal than any other altcoin. Additionally, we have many new services coming, they'd always be one step behind at the least. We welcome this though, it's what open source and competition is all about. It's just highly unlikely such an effort would succeed.
Now that is actually a good answer ! But in my experience, it is not about technical features, it's about perceived user experience. Suppose that someone make Syscoin2,
all the code copied and pasted and just changes logos and beautiful wallet. But they make a release without problems, if some one makes negative comments, the main (only ? ) developer don't call him necrophiliac or something like that (a post of some poor random guy that made me laugh), almost every response wasn't 'professional' , suppose they hit every deadline even if the proposed feature is "change font size"; i can assure you that coin will prevail even with less features.
Your coder is good, but he isn't as good as he thinks he is; from a software architect perspective i can bet he didn't comply with most basic requirements for software development management , you can notice that with just one review of the code. You can argue that it was because he didn't have time, or he didn't care for standards, i don't know, it's irrelevant. But his attitude (and all your team at the beginning) made clear that you guys already reached their prime, that all other works are crap and you are the peak on software development. That is far from the truth.
If only you can learn and follow more experienced teams you would know what i am talking about
In my opinion that is the reason for the low price, not the technical merits (which we should see in next releases) but management issues that makes experienced investors to think that your team is not capable to handle a big project.
When i was younger i was arrogant too, and some team more experienced hijacked my work (not an Android project in case you wonder) and believe me my work was technically better it didn't matter. I don't blame them now, i have learned; i hope you learn before this sh** happens to you.
You might be right, but still these guys have done so much more than most in cryptos. I think probably a professional experienced business leader/manger might be a good addition to the team. Someone paid in not only BTC but in syscoin that has a stake in seeing this grow.
Thus far they have done well overall with questions and aswers, team is knowledgeable, but maybe a someone with not only programming knowledge but business real world experience would be a lovely addition to the team.
Just my two cents.
You are right that the concepts and ideas are good ! but believe me, a good manager will know that is easier, cheaper and potentially more profitable to 'borrow' the code ( because it is completely legal) and market it as its own brand, it is a common practice.
The code is not particularly difficult to understand (once you understand how crypto coins work) as Dano tried to imply. You can hire one Bitcoin expert and indian user support and that's it; granted, you need money but a lot less than 1500 Btc's.
I am not a trader, i invest always long term, my opinion is that the actual experience of the current team isn't enough to win this race. I don't blame them, i made a bet i have chosen to believe in internet profiles knowing the risk and i lost, that's it.
Maybe i am wrong who knows, but i wish the best of luck to all of you.
Hi Android,
Thanks for your comment. I am unsure as to whether you're asserting that the Syscoin codebase is entirely comprised of borrowed code, low quality code, or both... so I'll respond as best as I can: syscoin's codebase consists of the bitcoin core client, with merge-mining and scrypt pulled in from Namecoin and Litecoin, respectively. The base alias feature itself was based off of design patterns learned from Namecoin. The rest of the services grew as an extension if our work on Syscoin and include some novel ways of using the blockchain. I spent many months pouring through the relevant codebases and building syscoin, and am proud of the work I've done, but that's my subjective opinion.
Relative to my experience - I have over 20 years of software development experience, including being one of the core designers and programmers of what is now the Oracle Primavera project management suite of products, one of the most well-respected project management products for the tech industry. I also have consulted for many large corporations and enjoy a solid reputation as a software developer - or at leasts my colleagues tell me so. So on a pure technical perspective, I must disagree with your assessment of my ability. But that's entirely my opinion - you're open to yours of course.
What I do agree with is that we need more resources and more outward-faced business developers working on the Syscoin team. I also personally really need another experienced developer working alongside me - the pace of the Syscoin project has now gotten to the point were these resources are required in order for us to maintain a high degree of quality with all the work products we are putting out there. Unfortunately, we have limited resources to work with (since we haven't yet received a large portion of the funds that were slated for development). This makes it hard to just go out there and hire the resources we need. Hopefully someone in the community will see the potential of Syscoin and step forward to help. Until that time, I, like Dan, will continue to carry two full-time jobs - our day job, and Syscoin.
My focus over the next few weeks is going to be all about test and documentation quality. We are working on creating a full suite of regression tests for all our services, expanding the white paper, documenting (more) all the core code (including bitcoin's core so that future programmers have an easier time of it), and establishing core processes for functional design docs, bug reporting, code review and community review. Rest assured that this team's output will soon be known for the high quality of these work products. And certainly, Dan and I are up to this task.
If you have any further specific questions about any of this, please feel free to ask. I certainly don't expect people to trust or believe anything we say - our actions are what counts. We decided to take the hard road with Syscoin. We could have cloned another codebase and released a product with a minimum of innovation, and a maximum amount of marketing. This would have undoubtedly made us a lot of money. But that's not why we do it. We do it because we believe in the blockchain and we are excited about what could be built. Has this caused some bumps on the road along the way? Yes. Is it hard work? Absolutely. But its one of the most rewarding projects I've ever had the good fortune of participating in, and I and the rest of the Syscoin team will continue to innovate, improve and refine our product, our business, and ourselves for as long as you all give us that chance.
I hope this answers your questions.
). I see this (C++ devs spending time on QT interfaces) as a waste of time and skills as we have a large percentage of the team that could implement these interfaces in a different, arguably "better" technology - thus freeing up the C++ developers to push forward on more new features and services such as Syscoin Assets, Syscoin Multisig Encryption and Syscoin Escrow just to name a few. This can all be done while concurrently delivering a much better user experience in terms of the wallet and the Syscoin services therein. 