The algo change was a good decision. Because it was decided to better fulfill the requirements of such a market (i think).
And even if the max supply is lower now, it doesn't change anything at the moment because it will take some years to reach the 900 million coins. With the mining schedule you can calculate how long it will take to mine the 900 M coins.
It is good to discuss about. I think some older coins have cut the supply because they thought the future value would be affected. Then it did nothing positive because maybe the project itself wasn't as successful as hoped.
I would say the devs wisely thought about the decision and made it as comfortable as possible for the investors. Also the conversion from SYS1 to SYS2 was one of the smoothest i have ever seen.
with kind regards,
randywald
Topic: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects - page 173. (Read 501963 times)
May 22, 2016, 08:19:39 AM
May 22, 2016, 03:20:39 AM
It was a calculated decision
May 21, 2016, 10:04:23 PM
Syscoin 2.0 is a cryptocurrency based the Syscoin 1.0 originally launched August 14, 2014. This thread is a continuation of this thread, which was the Syscoin 1.0 launch thread. Syscoin is unique fintech asset that offers much more than simple currency transfer. Syscoin provide an entire marketplace ecosystem built around the SYS token but cross-compatible with Bitcoin (BTC) as well. Unlike many coins the features below are not on the roadmap they are live and in production launched April 30th, 2016 as version 2.0. Value from the 1.0 chain as of block 880510 was migrated to the 2.0.
Syscoin 2.0 Features
- All features use blockchain technology
- Decentralized Marketplace
- Name Aliases for easier addressing
- Full Affiliate system for reselling, reseller discounts, and more
- Private selling
- Encrypted Messaging
- Digital Certificates on the blockchain which can be directly sold on the Marketplace
- Decentralized price pegging
- Third party arbitrated escrow for secure transactions and buying with confidence
We have much more development planned throughout 2016 and beyond as well. Please check out our ROADMAP which we're constantly updating.
Max Coins: 900,000,000
Mining Algorithm: SHA256, Merge-mineable with any SHA256 coin including Bitcoin
Mining Schedule
| Duration | Years | Block Height | Interest |
| 1 | 2016 | 1 - 525,601 | 6% |
| 4 | 2017 - 2020 | 525,602 - 2,628,005 | 3% |
| 7 | 2021 - 2028 | 2,628,006 - 6,832,813 | 1.5% |
| 39 | 2029 - 2068 | 6,832,814 - 27,856,853 | 0.75% |
Latest Wallets
Download on Github
Exchanges
Bittrex | Poloniex | BTC38 | Alcurex
Mining Pools
Syspool | Give Me Coins | BitcoinPool | MMPool | F2Pool
Block Explorer
CryptoID
Syscoin DirectBTC Feature Demo Video
Syscoin v. OpenBazaar (click for full size)
Syscoin on Wikipedia
News Archive
- May 21st 2016 - Syscoin 2.1 and Blockmarket Updates
- April 30th 2016 - Syscoin 2.0 is Live!
- March 14th 2016 - Syscoin Official Microsoft Azure Development Partner
- February 29th 2016 - Syscoin 2.0 Final Public Beta Now Available!
- Ancient News Archive
Please note: this is a moderated post. Any replies that resort to name calling, unnecessary use of large fonts/color or posting of misinformation will be deleted. Repeat violators will be reported to forum admins.
** This thread is a continuation of a previous, now closed thread. **
** This thread is a continuation of a previous, now closed thread. **
May 21, 2016, 10:00:52 PM
Syscoin 2.0 is a cryptocurrency based the Syscoin 1.0 originally launched August 14, 2014. This thread is a continuation of this thread, which was the Syscoin 1.0 launch thread. Syscoin is unique fintech asset that offers much more than simple currency transfer. Syscoin provide an entire marketplace ecosystem built around the SYS token but cross-compatible with Bitcoin (BTC) as well. Unlike many coins the features below are not on the roadmap they are live and in production launched April 30th, 2016 as version 2.0. Value from the 1.0 chain as of block 880510 was migrated to the 2.0.
Syscoin 2.0 Features
- All features use blockchain technology
- Decentralized Marketplace
- Name Aliases for easier addressing
- Full Affiliate system for reselling, reseller discounts, and more
- Private selling
- Encrypted Messaging
- Digital Certificates on the blockchain which can be directly sold on the Marketplace
- Decentralized price pegging
- Third party arbitrated escrow for secure transactions and buying with confidence
We have much more development planned throughout 2016 and beyond as well. Please check out our ROADMAP which we're constantly updating.
Max Coins: 900,000,000
Mining Algorithm: SHA256, Merge-mineable with any SHA256 coin including Bitcoin
Mining Schedule
| Duration | Years | Block Height | Interest |
| 1 | 2016 | 1 - 525,601 | 6% |
| 4 | 2017 - 2020 | 525,602 - 2,628,005 | 3% |
| 7 | 2021 - 2028 | 2,628,006 - 6,832,813 | 1.5% |
| 39 | 2029 - 2068 | 6,832,814 - 27,856,853 | 0.75% |
Latest Wallets
Download on Github
Exchanges
Bittrex | Poloniex | BTC38 | Alcurex
Mining Pools
Syspool | Give Me Coins | BitcoinPool | MMPool | F2Pool
Block Explorer
CryptoID
Syscoin DirectBTC Feature Demo Video
Syscoin v. OpenBazaar (click for full size)
Syscoin on Wikipedia
News Archive
- May 21st 2016 - Syscoin 2.1 and Blockmarket Updates
- April 30th 2016 - Syscoin 2.0 is Live!
- March 14th 2016 - Syscoin Official Microsoft Azure Development Partner
- February 29th 2016 - Syscoin 2.0 Final Public Beta Now Available!
- Ancient News Archive
Please note: this is a moderated post. Any replies that resort to name calling, unnecessary use of large fonts/color or posting of misinformation will be deleted. Repeat violators will be reported to forum admins.
** This thread is a continuation of a previous, now closed thread. **
** This thread is a continuation of a previous, now closed thread. **
May 21, 2016, 06:58:59 PM
New Blog Post: Syscoin 2.1 and Blockmarket Updates
May 21, 2016, 11:53:58 AM
The PR Firm has failed at SYS 2.0 release to be honest. It is just an excuse if they say other things were more important. You pay them to be important.
I am really excited about the blockmarket and how easy it will be to use
.
with kind regards,
randywald
I am really excited about the blockmarket and how easy it will be to use
.with kind regards,
randywald
Agreed with the marketing, I heard about SYS 2.0 coming through word of mouth from old followers not any kind of marketing so I would definitely let them know. I believe the Blockmarket will be the thing that helps syscoin gain the mainstream attention it needs.
May 21, 2016, 05:48:09 AM
The PR Firm has failed at SYS 2.0 release to be honest. It is just an excuse if they say other things were more important. You pay them to be important.
I am really excited about the blockmarket and how easy it will be to use.
with kind regards,
randywald
I am really excited about the blockmarket and how easy it will be to use
.with kind regards,
randywald
May 20, 2016, 08:04:46 PM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC. 
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
well, transform.pr need to up their game or otherwise, they need to refund you......just saying....
There's an old saying you may have heard of: "Rome wasn't built in a day." I would much rather they take the time to do it right then rush it and loose it all. Most of us are not here for a quick profit, we can wait...
May 20, 2016, 11:20:12 AM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
well, transform.pr need to up their game or otherwise, they need to refund you......just saying....
May 20, 2016, 10:47:46 AM
I think Sys team needs to focus on integrating with Amazon and E-bay. The latter are superior when it comes to offering logistics and Sys is superior when it comes to offering a good market place. If they work together you've got the best of both worlds...
It is already in their roadmap by June-July 2016
Thank you Don bitwarrior
Definitely going to hodl this one long time, mainly because of my trust in syscoin team; drive, ambition, guts, talent...Syscoin team's got it all 
May 20, 2016, 09:08:24 AM
I think Sys team needs to focus on integrating with Amazon and E-bay. The latter are superior when it comes to offering logistics and Sys is superior when it comes to offering a good market place. If they work together you've got the best of both worlds...
It is already in their roadmap by June-July 2016
May 20, 2016, 05:09:45 AM
I think Sys team needs to focus on integrating with Amazon and E-bay. The latter are superior when it comes to offering logistics and Sys is superior when it comes to offering a good market place. If they work together you've got the best of both worlds...
May 20, 2016, 03:34:09 AM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
Personally I think the team is on the right path with focusing on product development rather then marketing. Word of mouth will be the best marketing tool and nothing spreads that like a cheap and easy product to use and make money with; this marketplace is brand new and so far the only one I can really see myself having a viable use for besides OB so I will be patient the team hasn't disappointed yet.
May 19, 2016, 05:06:35 PM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
May 19, 2016, 04:25:48 PM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
Yup needs more spread word. But again only gonna benefit those who "accumulated" when it was 300-600 sats as usual.......
May 19, 2016, 03:15:14 PM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
Why do you believe SYS are cheap? Its $.007 with a $3.2 million market cap. What would make it 'not cheap'? Do we have statistics on how many people are using SYS 2.0?
How many transactions have taken place on the SYS system? Whats the volume like?
Frankly, SYScoin needs to spend some budget on marketing. Even if its a good product, without getting it out there with marketing, this isn't going to take off. Once Blockmarket is released, I hope they spend a lot of energy on marketing. Getting into news and stuff. Otherwise this is end up being just another system.
May 18, 2016, 01:54:33 PM
Agreed everyone's focused on ETH and DAO crowdfunding pump meanwhile I'm going in and scooping up these cheap SYS for satoshi's on the BTC.
May 18, 2016, 08:57:30 AM
very good news coming , but the price is so sick!! 
May 16, 2016, 10:27:25 PM
Is sys market in beta or is it the release version that is out now?
Not in beta, 2.0 is fully released.
Ahh, then I have been misled. Will update the comparison
May 16, 2016, 10:12:01 PM
were supply cut already? price seems like didnt move at all or even went down
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