Topic: [PRE-ANN] [VIA] - page 49. (Read 71948 times)

I have no idea what Syscoin is. I first conceived of Viacoin back in October last year then got completely sidetracked with trading, then of course the whole China pump and dump happened. I became quite well known in trading circles during that time. I am in the middle of writing some blog posts which will explain everything in more detail.

It's already been asked but ignored, I'll ask again. What advantages if any does this have over Syscoin?

It will definitely run until at least the 15th but I don't know when it will close yet.

Is the ICO over?  Too late for me to get in?

Past experience has shown that IPOs are generally a bit overpriced.. Let's see what happens when the ASIC brigade joins in on the fun.

Yeah, there won't even be more mined coins than IPO coins until over 500 days after launch. Not sure how good of an idea that is.

300 sat a coin already is pretty damn high for a 100 mil coin with no proven tech yet. Obviously Drak is a well respected guy so people are buying in but I'd be getting a little nervous at this price.

Drak, will you just let it continue and allow any amount of people to buy in or will you put a limit on it if it gets silly. Stupid question I know because why would you limit the BTC in your pocket.

A 30 btc marketcap would be overpriced  

The mining production is very slow to start, so at the start we can assume the marketcap will be based very closely on the presale.

what information are you using to determine that it is overpriced?


or are you just using your very special and important feels?

All other systems I have seen rely on registration/logins or signing messages with your BTC key (and not being allowed to send from an exchange). That's terribly cumbersome and our system does away with it.

Already ~30 BTC in the IPO and still 6 days remaining. People buy this coin mainly because of Drak´s rep, but let´s see how much BTC are in the IPO at the last day. I fear it´s already overpriced.

Thanks for answer.
I don't understand why escrow is more cumbersome for participant and what is the advantage of linking BTC and VIA addresses (you can build anonymous system without multisig using signing by BTC private key for authentication if you need). And how your presale software can to act as escrow system if I nobody except you cannot affect the BTC refund.
I saw a number of IPO and watch now on some, so I slightly disagree here.
If you have something to tell in detail, then please. If not - I understand, maybe you just like your presale software (idea behind it), and you want to see trust to you.

And about maximum length of IPO. You said: "then will close on an unknown day at midnight."
But what can be the maximum length? Two weeks, one month, two months?
For example: IPO may be closed at any unknown day from 7 to 14 day, or from 7 to 30.

I follow the blog for other answers (I am most interested in the technical details and roadmaps). The more transparent you have and the more information you provide than the more investors you will attract.

READ THE FUCKING THREAD

WHY SCRYPT? 

Good question about escrow and there are a few reasons we decided to go it ourselves.

1. Escrow is more cumbersome for participant and difficult to administer our side since no-one has a system in place.
    As a result, I wrote the presale system you see at presale.viacoin.org.
2. Our presale website uses some pretty cool technology. We leverage P2SH multisig addresses. Your viacoin deposit
    address is converted to a public key (P3) and becomes the third key of a 2-of-3 multisig address. This way
    your deposit address is mathematically linked to your BTC deposit address and no registration is required that way
    which makes it more anonymous and hassle free for all concerned.
3. We believe if we need escrow, being a serious project, then we probably have a trust issue. I am pretty well known
    in BTC trading circles and I have a lot of reputation at stake. This should be enough in my opinion. If not, we should
    probably not be bothering.

[So the upshot of this is, once we have successfully run this presale, I may actually open up the presale software to act as an
escrow system for others to use (there are two modes coded, bid and fixed price)].

To answer your other questions, with any luck, there will be a few more blog posts about the coin in the next day or two to answer your questions. This will include a roadmap.
The project will be fully OSS at github. The repository is set to private until the coin launch.

The presale will last a minimum of 7 days, then will close on an unknown day at midnight. So if the presale is live after midnight of the 7th day or any day after that, you'll know it is safe to place an order during the day but it could close at 23:59:59 UTC of that day, or roll over to another day.

I really do welcome all the questions, please be patient to get it all. Further more, please DO NOT participate in the presale unless and until  you are completely sure  you want to do so. If you don't get satisfactory answers, please stay away.

To be able to switch to merge mining reliably in the future. SHA256 is a bit scary to bootstrap.

Up!

Dev,

Why scrypt, guys?

This seems interesting.

OK... It's a bit clearer now.

a. Is there any testnet where one can see, play with a clone Viacoin'?
b. If not, is there any visible proof-of-concept showing how a layer was built on top of the protocol?

thank you.