Topic: [ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION* - page 38. (Read 582960 times)

I fail to see the self evidence of your claim but nontheless service fees are dust amounts so it qualifies as lowprice hopefully in your mind.

Miners cannt change supply any more than mining more than they should, again its a consensus rule and i have to repeat myself but nodes will all validate the transactions, miners cant do it just for fun.

The only way pools can effect the supply is by creating a fork, its no diffrent than bitcoin. If you want tomread the code checkout my github and you can see whats really happening, it might help in your understanding on how this stuff works.

Bitcoin has no degrees of freedom on which the pools can affect money supply, but you can see that people have indeed "burned" coins voluntarily just to feel the freedom of actually doing it. Also pools by establishing policy to affect money supply do not try to game the network for "fun and profit" because they have a stake in the network and dont want to kill it, but merely to adapt it to their perceived needs. It will not be a case of a bad transaction but or a hard fork. It will be a healthy thing for them to do.
If you provide them with a way to effect a change eventually they will do it even if it is costly or requires cooperation, why? because they can!.
Trust in your users to know what's best for them isn't that the liberal axiom?

The link of abundant supply and adoption rate is self evident I think, the other side of abundant supply is low price.
Examples
1. Pirated windows helped Ms establish market share
2. Facebook, google, etc all free services dominate
3. VHS vs BETAMAX
4. Netflix

Agreed but the supply deflation is currently negligble, only a few hundred coins per year. It really is there to be a stop limit on any inflation which affects perception. Inflation will be nonnegligible if and only if technology improves in p2p land and we achieve > 100tps, like bip109 tries to claim. At that point if usage picks up supply will scale with growth/usage.

The same reason miners dont game thesystem in bitcoin is the same reason they dont 51% attack the coin in syscoin. You can always hardfork and revert any bad transactions worsedcase. If you have these rulesin the protocol you remove the incentive to even try to game that variable.

Regarding oversupply being a primary prequisite to network effect, please provide facts to back your claim with an example because i dont see anything but bitcoin doing that.

With that in mind you should start to see that the protocol follows your guidelines in A in that supply is really only shifted when network effect happens,

Moving discusion / removed my posts from other thread if you are wandering

A. Network effect is primarily achieved by abundant supply, trying to deflate the money supply until network effect kicks is like trying to put the wagon before the horse. When Bootstrapping network your network you shouldnt concern yourself on money supply tightening cause you have not reached saturation. Only after you reach saturation point and establish your market price stability should concern you.

B. Miners eventually aggregate in pools so when I speak about miners policy I actually refer to pool policy. If you look at the state of bitcoin now easily 20 pools could reach a policy consensus on gaming  the service to tweak the supply. In short dont take for granted that binding 2 variables is a one way street. And judging by the requirements of your specs. pools eventually will need to be data centers and thus your pools eventually will be even less than bitcoin

Going to the same place, the moon!

so whats up with SYS? i see so many different options now of where its going.. im now lost

Hey guys, I'm not trying to be a jerk here but we really, really, really REALLY need a blockchain with basic wholesale/retail functionality that we can use out here in the real world and we need it SOON.  I'm hoping you can get this out and running before my boss shit-cans a couple of pet projects I've been mining and purchasing Syscoin for.

Don't worry about features. Worry about basic core long-term functionality, and business will come. Keep changing lanes and SMBs will label blockchain technologies 'another ongoing project' and drop it like a hot potato.

Just my 2 cents. We're still running cobol in the basements of our banks. We're running os/2 in the navy, on atm machines, and at the airports. We're still running DOS in our machine shops and in our factories. I think Syscoin could be one of these technologies if we can just get it out there and working.

Don't get stuck on clearing the brush lot at the bottom of the hill for parking and blazing a trail up the hill, there's plenty of room to land the plane on TOP of the hill. Perhaps a smaller plane and a rougher landing, but ultimately the FIRST plane.

 - UnklAdM

Tsys is for beta only.. Not on exchange

No check the github

New SYS fundamental review on alt.report http://alt.report/altcoins/item/321-sys-syscoin-business-on-the-blockchain

you've been "getting started" for about 1.5 years now already LMAO

/facepalm

I have 30k sys in wallet beta , I want to witdraw her into bittrex but could not , because I have a sys in the wallet has a prefix T , while sys in bittrex have the prefix S , can you help me?

I'm sure p2pool users would add syscoin to their merge mined nodes as well if you decided to port it to SHA256 

Check urself before u wreck urself. Github is ur friend.

And doing "great" already... lolol

We are just getting started.

A good and fast way to throw your money away. Whatever the price.

This is DONE. Period.

Hmm 100SAT is a good price to start accumulating some syscoin again

Grab the Syscoin Shade Beta3 off Github and give it a whirl for free! Also I'm happy to announce we've restored our slack auto inviter! Click the link, join the discussion.

A RENEWED COMMITMENT TO SYSCOIN


Its been a very busy couple of weeks for the team as we’ve blown through Syscoin Shade public betas 1 through 3 and in the process increased the scope of the Syscoin feature set substantially. I think it’s important to take stock of what we’ve achieved as of Shade Beta 3:    

• Decentralized Marketplace w/ Encrypted Buyer Data
• Reseller Support
• Private Marketplace Offers
• Price Pegging to Multiple Currencies
• Aliases
• Digital Certificates
• Encrypted Certificates

As we look at where we stand we realize we’re in a unique position to be one of the few coins to offer the public a set of truly innovative decentralized features powered by blockchain technology and based on the bitcoin core.  

We have recently been working on the Syscoin Shade release in parallel with researching a strategy focusing on DApp development on the Ethereum network, effectively stopping primary Syscoin development after this release. While there are many benefits to DApps and we truly believe in the benefits they’ll bring on a larger scale we feel the position we’re in with Syscoin is better aligned with our goals as a team of delivering a decentralized market experience to the public with the most complete feature set possible needed to facilitate real adoption- with more features and lower fees than the competition. To that end:  

We will focus our efforts solely on Syscoin and our decentralized marketplace.
Ethereum development is postponed but we will continue to watch this space.


For those following our news in Slack and elsewhere this decision is what has led to the delay of the Shade release because we’re adding the final features the community has long requested for a “complete” marketplace experience… and more. The move to add these features is what led to the unexpected Syscoin Shade Beta 4 announcement.    
 
We’ll be disclosing complete details of the Syscoin Shade features being prepped for mainnet release in a post this coming Friday (Nov 27). The Syscoin Decentralized Marketplace has been working in prototype form on the SYS mainnet for over a year now and we’re excited to see it reach its full potential with the upcoming Shade (Syscoin 1.6) update/hard fork. The Syscoin team feels that a renewed commitment to Syscoin is in the best interest of both the team and Syscoin investors- simplifying any confusion caused by earlier plans. The team is working with both merchants and exchange services to try and make sure the Shade marketplace is populated upon launch. We’re also working to make it and other Syscoin services easy to use for those who may be coming from other currencies such as BTC and other altcoins. Following the feature update this Friday we’ll also be posting an updated roadmap which details our plans following the Shade mainnet release such as Blockmarket, the ecommerce plugins we’ve discussed using w/Syscoin as a backend and more.    
 
More information can always be found by asking question in our slack channel or contacting us via twitter. We’ve very excited to reveal the full feature list and updated roadmap later this week!    
 

This post replaces Syscoin Team Call Notes Nov 22, 2015