Topic: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects - page 102. (Read 501963 times)

The Syscoin QT does give you the option of data directory when you install it.

Awesome, just installed the SysCoin wallet. I'd hope all wallets would give the opinion straight away

Yes. You can specify any location you want - in fact it's recommended to do so as an extra security precaution.

Is it possible to change the data directory from C:\Users\[USERNAME]\AppData\Roaming\Syscoin to something else?

How do you get it to do that bontol72 :-(

Blockchain Foundry Update: Full Time Team Members, Office Space and New Developers Joining the Team

We are pleased to provide a business update to the community with some exciting news about our team, working arrangements, office space and some new team members who will be joining Blockchain Foundry.
Recently, both Jag Sidhu and Brad Hammerstron committed to working on Blockchain Foundry and Syscoin on a full-time basis with Willy Ko committing to three days per week. This is a huge step forward for the whole team. We expect it to have a materially positive impact on our overall pace of development and allow us to roll out new products much more quickly than in the past.

In conjunction with these developments, the team has taken on office space in Vancouver. This is another important milestone for Blockchain Foundry and Syscoin. Our Vancouver-based team members will have a central working space and will be able to spend their time working in the same office, with all of the productivity benefits that such an arrangement brings.


 
We are very excited to announce that two new developers will be joining the team over the next few weeks. Sebastian Schepis, who many longtime Syscoin followers will recognize as the original developer of Syscoin, is rejoining the team as a core developer. Sebastian will be spending most of his time working with Jag on further development of the core codebase as well as upcoming projects which will be featured in another post soon. Sebastian is a senior Software Engineer with over 25 years of software development experience building and integrating software systems for clients ranging from Lockheed to Bank of America. His expertise will help accelerate our development time for future enterprise scale products built on Syscoin and he will also help the team with technical outreach activities at conferences and industry meetups.

 
Also joining the team is Ian Wijesinghe. Ian is a Senior Software Engineer from Vancouver BC with over 35 years experience in the field of Computer Science. He possesses many desirable traits including being a creative thinker, excellent interpersonal skills as well as leadership qualities that make him an excellent addition to the Blockchain Foundry team. The core of his career was with Microsoft as a Program Manager and Principle Consultant. His previous position was with Alpha Technologies working along side Syscoin Core developer and CTO of Blockchain Foundry Jag Sidhu as a Senior Software Developer. Ian is especially great at abstracting technically complex topics and explaining them to non-technical people and is also at home in front of groups of people presenting new technologies or leading workshops. His full skillset will be utilized as a lead designer of research and development for Blockchain Foundry as well as attending workshops and conferences giving presentations on technologies developed or used by Blockchain Foundry.
In addition to increasing our development capabilities, we are also adding additional marketing support. We have hired a graphic artist and designer to assist with marketing, testing, developing video content, vector assets and tutorials. She has over 10 years experience as a digital and traditional media artist and 8 years as a marketing consultant. We look forward to seeing some amazing results coming from the marketing team as we expand Blockchain Foundry’s product offering and continue to move the Syscoin project forward.  

Blockmarket Desktop Update

We’ve been hard at work finishing up Blockmarket Desktop beta 5 for security audit to ensure the safety of user’s coins when the software is enabled on mainnet for the 1.0 release. The past few weeks have been focused on completing the final functionality missing from beta4 for the 1.0 release so it can all be covered by the security audit team. We plan to continue polishing the final release client from a design and usability perspective while the audit is ongoing, any changes we introduce in this period would have no impact on security.

We’re working with Digital Boundary Group, experts in IT software security, to perform the security audit. The audit is scheduled to begin in early July meaning the final 1.0 release will be after the audit is complete. We’ll be releasing beta 5 to the public next week. The audit could take several weeks after which we’ll get a full risk analysis report. We’ll address any findings and Digital Boundary will perform a followup remediation analysis (single day) to confirm any findings have been fixed. We believe that this type of diligence is a must with any software that touches live user balances and we hope that by performing this audit we’re raising the bar for what users should expect from all blockchain/cryptocurrency projects. We’re looking forward to a polished and secure release of Blockmarket Desktop 1.o that everyone can be confident using!

https://medium.com/@BlockchainFoundry/blockchain-foundry-update-full-time-team-members-office-space-and-new-developers-joining-the-team-e11c251136bd

https://twitter.com/syscoin/status/879765037199568898

After the rain the sun always shines bright.

Very good news. Chinese buyers can make goood moves to up.
Unfortunatelly today almost all alts on red with big % decrease value.
But maybe in Monday all go up again.

http://www.btc38.com/trade.html?btc38_trade_coin_name=sys

My congratulations to the SYS team! The project develops harmoniously and confidently, both in terms of development, and in terms of marketing.

https://twitter.com/cztao9/status/878532681583124481

Beijing time tomorrow 8pm begining Sys/Cny trade in http://btc38.com  #syscoin#China# @syscoin @BlockFoundry @syscoin_user

Hello, Greetings from Turkey. We're ready for 1 dollar. I follow the developments with excitement.

You ain't lying! But it's a little over my head. Which is fine cuz it's a learning opportunity. I'm gonna have to read that one a few more times, and hopefully come up with a good question or two.

And no Bontol, I'm not jealous. I'm very grateful to be here, to have done as well as i have done, and to continue on in this awesome opportunity.

I'm looking forward to becoming a better investor, and am happy to hear any constructive criticism. I don't know everything.

Furthermore, I've invested a good bit into Syscoin. For whatever that's worth to ya.

Well , why then is the price per Syscoin WAY WAY WAY below what it "should" be?

Seems to me the same exact thing is going on with Bitshares too don't you think? There again you have a usable product, very similar to Syscoin, high number of coins, (i forget, but i think its even more, 2 billion maybe), and once again it's price per coin is sooooo much lower than can be explained.

I thought for sure I was correct about that being an effect of a large number of coins. Anyone have any other suggestions as to the cause of the low price per coin for coins that have a lot of coins in circulation?

THanks for your well thought out response! Hopefully we can continue this conversation.

Hey Brad Lee,

I read the Marketcap article you provided, but it still tells nothing new that we don't know.
We know liquidity is important but now only BTC has proper liquidity. You saw what happened with Coinbase ETH glitch 2 days ago when a miriad of stop-loss orders got triggered in a chain reaction to bring the price to $0.10/ETH. So we'll leave liquidity out of the conversation.

In the article they give Auroracoin as an example - WTF?!?
Syscoin is a normal digital asset with NO funds left locked to be released at a later date or under a certain condition. It's all available NOW, with the normal inflation rate for the next over 50 years, something common like in Bitcoin and Litecoin.
525mil. coins available now in circulation with max circulation of 888 mil. coins in 50 years. Nothing hidden, nothing left aside.
1.5% inflation/year until 2028, then 0.75% inflation. Just FYI US FED's inflation goal is 2% and beyond per year.

From the coin specs whitepaper:
There is a 888 million maximum coin limit. 1 minute block time. Proof-of-work SHA-256 merge mineable (majority of network security coming from Bitcoin). Syscoin 2.0 had a block reward of 54.13. Syscoin 2.1 which was released on December 18, 2016 represents a ”halving” event in block rewards reducing them to 16.39 per block (a reduction of 330 percent).

That is what I call scarcity of supply.
I try to and I still don't get your point. In normal coin distribution, things are...normal.

What is your definition of scarcity?

The coin is scarce enough. Scarcity is inflation rate. How much surplus of it do you get each day guaranteed. And distribution schedule is great - only 40% of max circulation will be added in the next > 50 years. 60% already available for less than 3 years since coin's inception.
It has this distribution because it will be a market-supporting coin after all, it will be actively used as a medium of transaction, medium of exchange.

Market capitalization is the leading indicator about a digital asset's value. Price doesn't mean so much. Price doesn't have any relation to scarcity.
It is just marketcap divided by number of coins. Simple.

And psychologically for transactions I would prefer having a coin that costs a few dollars rather than a few hundred dollars like ETH.
Easier to handle, easier to get accepted and utilized, plus ordinary people easily getting used to it.
Because that's the goal - mass adoption!

And regarding marketcap, take a look at market caps around Christmas 2016, when the article was issued:
https://coinmarketcap.com/historical/20161225/

I have extracted data about a selected few coins then and now:

25th DEC. 2016:
#Stratis - 36th / $6.066 mil. marketcap / $0.061770 per coin / 98.2 mil. coins in circulation
#Siacoin - 45th / $4.503 mil. marketcap / $0.000208 per coin / 21,692.3 mil. coins (21.6 billion coins!)
#SYSCOIN - 48th / $4.267 mil. marketcap / $0.008182 per coin / 521.607 mil. coins


23rd JUNE 2017:
#Stratis - 10th / $746.761 mil. marketcap / $7.59 per coin / 98.4 mil. coins (+0.2 mil. since 25th DEC. 2016)
#Siacoin - 14th / $541.766 mil. marketcap / $0.019958 per coin / 27,145.03 mil. coins (+5,452.73 mil. / i.e. +5.45273 billion coins! coins since 25th DEC. 2016 -> 25.136% inflation for less than 6 months!!! That would give over 50% inflation rate per year for Siacoin, compared to 1.5% inflation rate for SYScoin, 34 times higher inflation rate than SYS!
But somehow, it doesn't bother marketcap and price per coin for Sia!)
#SYSCOIN - 41st / $124.515 mil. marketcap / $0.236884 per coin / 525.637 mil. coins (+4.03 mil. coins since 25th DEC. 2016 -> 0.7726% inflation for 6 months / ~1.5% inflation per year, as scheduled)


NOW, these coins above are the ones that I would define as having great potential, and accidentally, were really close to each other in marketcap on 25th DEC. 2016. BUT:

How come Stratis (+42.1% marketcap over SYS on 25 DEC. 2016) now has +499.73% (6 times!!!) higher marketcap than SYS?

How come Siacoin (+5.53% marketcap over SYS on 25 DEC. 2016) now has +335.1% (4.35 times!!!) higher marketcap than SYS?
How come Siacoin with such a high inflation (>25% for less than 6 months), gained so much in marketcap - following your logic? Not only it has over 27 billion!!! coins - huuuuge distribution, but also so much inflation for such a short time for an "established" coin!

Because...

Market is a bitch sometimes.

For me all 3 coins above are great in what they *PROMISE* to achieve.
But I have seen nothing tangible in terms of products from Stratis and Siacoin to uphold their words. Just words and bare promises so far. And they still boast 6 times and 4.35 times respectively higher marketcaps than SYS! I am especially suspicious of Sia cloud storage promises to deliver 10 times!!! less expensive cloud storage solution than the cloud storage offerings of established companies like Amazon, Google and Microsoft who can provide economies of scale because of their dimensions and mind-boggling customer base, not counting smaller cloud storage companies who claw to stay relevant and not get out of business! And then comes the savior Siacoin with promises of 10x (not 10% but 10 times!) cheaper prices of cloud storage. In conditions of fierce competition for customers? Give me a break!!! Something's not right. Something's gotta give.

But I digress..

SYScoin, on the other hand - with THE lowest market cap among the coins with highest potential will have its main product released probably this week!!! For sure. And we know it is coming in the next few days at the latest...because the Blockmarket status was at Beta 4 version just over a week ago!
It is going nowhere but to be released as we speak. For STRAT and SIA not really. But still this huge difference in marketcaps!


Now tell me if you are a SMART INVESTOR - where would you invest???

And last but not least which would be more valuable for the average Joe in the long run - a development platform for .NET (Strat), a cloud storage solution (Sia) or a decentralized marketplace (SYScoin)? Did our predecessors and ancestors have 1) a development platform, 2) cloud storage, or 3) a marketplace 50 years ago, 500 years ago, 5000 years ago?

Nuff said.

Just my 2 cents.

 

What are you talking about? Will not the price rise? At the beginning of the year, the price was 0.01USD, and now it's 0.24. And this is only the beginning. Early sold and jealous? Read the latest news, not for 2016.

Bigpoppa & Cryptogod

Are you guys serious? Scarcity doesn't drive up the price? The number of coins isn't used to determine marketcap? Bitcoin magazine disagrees with you. And so does everyone else. This is why Syscoin price is so low, and will go up in value at a slower pace than a coin with less coins in circulation. And you can see it with a number of other coins too. Unfortunately.

https://bitcoinmagazine.com/articles/comparing-digital-currencies-market-cap-doesn-t-tell-the-whole-story-1482418052/

This is awesome news for SYS. Welcome Sebastian.