Topic: ⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects - page 74. (Read 501963 times)
November 04, 2017, 12:00:37 PM
Wait and see on your project.. i will check your bounty thread soon.. good luck
November 04, 2017, 11:12:39 AM
I have been trying to find info on this on the syscoin.org website and in past blog post posts but I could not find a satisfactory explanation, so I am asking it here:
Apart from simple speculation by uninformed people like me, what should cause the price of Syscoin to materially increase?
In the past when I asked these questions I received 1 of 3 answers
1) When Blockmarket becomes mainstream, Sys will be used to pay for goods and pay fees on BM, so the value will go up.
--> I may be dumb, but this does not make sense to me. Why would regular people (not the die hard crypto fans like yourselves) go out of their way to exchange their fiat and bitcoin for sys to buy something? Sounds very complicated and honestly I do not see anyone doing it. At least not to the extent that it could materially drive up demand. Also both the receiver of the Sys, as well as the receiver of the Sys fees (which are way too small to play a role to begin with, even at millions of transactions per day) will go back to the market and exchange the Sys back to Bitcoin and Fiat. So considering that the net effect is close to zero, I do not see how this would cause the Sys price to go up
2) Sys will have Masternodes which will lock up Sys, hence decrease supply and drive up the price. Look at what happened to Dash.
--> This makes even less sense to me. First of all, forget Dash. The Dash price is whatever the Dash team wants the price to be, given the coin`s highly centralized and pre-mined nature. Any comparison of the two coins is simply foolish. Second of all, the people who would run masternodes likely have their coins already. It is people who know about the project and have been following it for a long time, who are "fans" and who have their SYS sitting some where in cold storage and dont currently trade with it anyhow. So I very much doubt that suddenly tons of people will buy Sys to run masternodes. Especially since it does not make sense from a financial perspective unless you believe that SYS will outperform bitcoin (which is the main question of this entire post: why should this happen?). In my eyes it does not make sense to answer a question such as "Why should Sys go up in value?" with "Because people will want to run Masternodes for 15% ROI per year, which is a better investment than simply holding bitcoin, as SYS will increase in value with Bitcoin and you get the 15% on top". I hope everyone realizes that this answer does not make sense.
3) Sys will have all this other stuff going on, sidechains and what not. Blockmarket is only 5% of Sys.
--> Maybe in 2-3 years, yes. But right now, this is clearly not true?! Or am I grossly misinformed?
////
In summary, I would be very very thankful if anyone were to take some time and explain the SYS investment thesis to me. I believe SYS has an excellent team and is one of the best projects out there. I believe BM will be a huge success. But I absolutely fail to see a causal relationship between the success of Blockmarket and the appreciation of the SYS token. In my understanding, Blockmarket success does not mean that SYS price will go up. The way I see it, Blockmarket can work in a hugely successful manner in a world where 1 SYS = 1 cent.
Please correct any false statements I may have made. And please explain to me why and how the price of SYS is tied to the success of Blockmarket or the Sys team. Where is the causal relationship which I am missing?
Again, don`t get me wrong. I am not trying to piss on SYS or all you die hard SYS fans. I believe SYS is awesome personally. I just want to understand whether the success of the SYS team is really, causally tied to the price of the SYS token. If it is not, i.e. if there are scenarios possible where SYS becomes very successful as a company without Syscoin appreciating in price, then it may not be a good investment despite it being a great project. (What I mean by "causal relationship" is for example what you have with traditional stocks: if I hold an Apple share, I own a part of Apple and am entitled to a proportional part of the profits. So if Apple becomes more successful, a proportional amount of this success flows into my pocket. With SYS (and most cryptos) this is not the case, and I am wondering whether there is a different mechanism at play (hence the post), or if a Syscoin really is just air fuelled by speculation of ignorant people like me)
Apart from simple speculation by uninformed people like me, what should cause the price of Syscoin to materially increase?
In the past when I asked these questions I received 1 of 3 answers
1) When Blockmarket becomes mainstream, Sys will be used to pay for goods and pay fees on BM, so the value will go up.
--> I may be dumb, but this does not make sense to me. Why would regular people (not the die hard crypto fans like yourselves) go out of their way to exchange their fiat and bitcoin for sys to buy something? Sounds very complicated and honestly I do not see anyone doing it. At least not to the extent that it could materially drive up demand. Also both the receiver of the Sys, as well as the receiver of the Sys fees (which are way too small to play a role to begin with, even at millions of transactions per day) will go back to the market and exchange the Sys back to Bitcoin and Fiat. So considering that the net effect is close to zero, I do not see how this would cause the Sys price to go up
2) Sys will have Masternodes which will lock up Sys, hence decrease supply and drive up the price. Look at what happened to Dash.
--> This makes even less sense to me. First of all, forget Dash. The Dash price is whatever the Dash team wants the price to be, given the coin`s highly centralized and pre-mined nature. Any comparison of the two coins is simply foolish. Second of all, the people who would run masternodes likely have their coins already. It is people who know about the project and have been following it for a long time, who are "fans" and who have their SYS sitting some where in cold storage and dont currently trade with it anyhow. So I very much doubt that suddenly tons of people will buy Sys to run masternodes. Especially since it does not make sense from a financial perspective unless you believe that SYS will outperform bitcoin (which is the main question of this entire post: why should this happen?). In my eyes it does not make sense to answer a question such as "Why should Sys go up in value?" with "Because people will want to run Masternodes for 15% ROI per year, which is a better investment than simply holding bitcoin, as SYS will increase in value with Bitcoin and you get the 15% on top". I hope everyone realizes that this answer does not make sense.
3) Sys will have all this other stuff going on, sidechains and what not. Blockmarket is only 5% of Sys.
--> Maybe in 2-3 years, yes. But right now, this is clearly not true?! Or am I grossly misinformed?
////
In summary, I would be very very thankful if anyone were to take some time and explain the SYS investment thesis to me. I believe SYS has an excellent team and is one of the best projects out there. I believe BM will be a huge success. But I absolutely fail to see a causal relationship between the success of Blockmarket and the appreciation of the SYS token. In my understanding, Blockmarket success does not mean that SYS price will go up. The way I see it, Blockmarket can work in a hugely successful manner in a world where 1 SYS = 1 cent.
Please correct any false statements I may have made. And please explain to me why and how the price of SYS is tied to the success of Blockmarket or the Sys team. Where is the causal relationship which I am missing?
Again, don`t get me wrong. I am not trying to piss on SYS or all you die hard SYS fans. I believe SYS is awesome personally. I just want to understand whether the success of the SYS team is really, causally tied to the price of the SYS token. If it is not, i.e. if there are scenarios possible where SYS becomes very successful as a company without Syscoin appreciating in price, then it may not be a good investment despite it being a great project. (What I mean by "causal relationship" is for example what you have with traditional stocks: if I hold an Apple share, I own a part of Apple and am entitled to a proportional part of the profits. So if Apple becomes more successful, a proportional amount of this success flows into my pocket. With SYS (and most cryptos) this is not the case, and I am wondering whether there is a different mechanism at play (hence the post), or if a Syscoin really is just air fuelled by speculation of ignorant people like me)
I see nobody answers on your thoughts. I found that market can react on even the most dumb projects. Just tell "Masternodes" and everyone runs there. Tell "coin burn" - all coins are x5. Tell "hard fork, token swap and ... " - that coin jumps in top 50. Honestly I am on SYS ONLY because I used to see good results from predictions of dbt1033 guy. And he was very bullish about that coin. And I heard "Masternodes" which sounded not so bad. That's why I am here. Also the chance that this project will be used for trades and etc.
November 03, 2017, 06:27:35 PM
Price very cheap, marketcap under $100 million, so low!!!!
SYS is the next $1-2 billion marketcap coin, expecting at least $1.50 soon!!!!
SYS is the next $1-2 billion marketcap coin, expecting at least $1.50 soon!!!!
A billion marketcap is possible for Syscoin. I also believe a fast increase of the price, but 1,50$ is right now very far away. But the time will tell.
November 03, 2017, 06:00:49 AM
Oh man, was such nice recovery earlier and now back to 2500, wtf......
Yep, it's about the long run of course, but I hate this marketmaker with his stupid spike p&d's.
I nickname him "Spikey"
Not good for confidence to see these dumb pump and dumps
November 03, 2017, 03:47:08 AM
Oh man, was such nice recovery earlier and now back to 2500, wtf......
November 03, 2017, 12:09:38 AM
Syscoin will go up in value because it has genius behind it and Ballistic Arts has been expanding their marketing potential through Facebook Engagement ads. People will be buying Syscoin. Read all about these efforts, the masternodes and more via the following article and understand why you should buy and hold Syscoin.
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
November 02, 2017, 05:35:04 PM
Is there minimum investment in the ICO?
If you can't be bothered to read the thread, at least read the OP......there is no ICO.
The intellectual standard of noobs on this forum is reaching an all time low.
Not just here unfortunately
^^^^^^^^^^^
November 02, 2017, 05:18:47 PM
Is there minimum investment in the ICO?
If you can't be bothered to read the thread, at least read the OP......there is no ICO.
The intellectual standard of noobs on this forum is reaching an all time low.
Not just here unfortunately
November 02, 2017, 11:04:39 AM
November 02, 2017, 05:45:54 AM
Is there minimum investment in the ICO?
If you can't be bothered to read the thread, at least read the OP......there is no ICO.
The intellectual standard of noobs on this forum is reaching an all time low.
November 02, 2017, 05:40:00 AM
Is there minimum investment in the ICO?
November 02, 2017, 05:01:33 AM
I have been trying to find info on this on the syscoin.org website and in past blog post posts but I could not find a satisfactory explanation, so I am asking it here:
Apart from simple speculation by uninformed people like me, what should cause the price of Syscoin to materially increase?
In the past when I asked these questions I received 1 of 3 answers
1) When Blockmarket becomes mainstream, Sys will be used to pay for goods and pay fees on BM, so the value will go up.
--> I may be dumb, but this does not make sense to me. Why would regular people (not the die hard crypto fans like yourselves) go out of their way to exchange their fiat and bitcoin for sys to buy something? Sounds very complicated and honestly I do not see anyone doing it. At least not to the extent that it could materially drive up demand. Also both the receiver of the Sys, as well as the receiver of the Sys fees (which are way too small to play a role to begin with, even at millions of transactions per day) will go back to the market and exchange the Sys back to Bitcoin and Fiat. So considering that the net effect is close to zero, I do not see how this would cause the Sys price to go up
2) Sys will have Masternodes which will lock up Sys, hence decrease supply and drive up the price. Look at what happened to Dash.
--> This makes even less sense to me. First of all, forget Dash. The Dash price is whatever the Dash team wants the price to be, given the coin`s highly centralized and pre-mined nature. Any comparison of the two coins is simply foolish. Second of all, the people who would run masternodes likely have their coins already. It is people who know about the project and have been following it for a long time, who are "fans" and who have their SYS sitting some where in cold storage and dont currently trade with it anyhow. So I very much doubt that suddenly tons of people will buy Sys to run masternodes. Especially since it does not make sense from a financial perspective unless you believe that SYS will outperform bitcoin (which is the main question of this entire post: why should this happen?). In my eyes it does not make sense to answer a question such as "Why should Sys go up in value?" with "Because people will want to run Masternodes for 15% ROI per year, which is a better investment than simply holding bitcoin, as SYS will increase in value with Bitcoin and you get the 15% on top". I hope everyone realizes that this answer does not make sense.
3) Sys will have all this other stuff going on, sidechains and what not. Blockmarket is only 5% of Sys.
--> Maybe in 2-3 years, yes. But right now, this is clearly not true?! Or am I grossly misinformed?
////
In summary, I would be very very thankful if anyone were to take some time and explain the SYS investment thesis to me. I believe SYS has an excellent team and is one of the best projects out there. I believe BM will be a huge success. But I absolutely fail to see a causal relationship between the success of Blockmarket and the appreciation of the SYS token. In my understanding, Blockmarket success does not mean that SYS price will go up. The way I see it, Blockmarket can work in a hugely successful manner in a world where 1 SYS = 1 cent.
Please correct any false statements I may have made. And please explain to me why and how the price of SYS is tied to the success of Blockmarket or the Sys team. Where is the causal relationship which I am missing?
Again, don`t get me wrong. I am not trying to piss on SYS or all you die hard SYS fans. I believe SYS is awesome personally. I just want to understand whether the success of the SYS team is really, causally tied to the price of the SYS token. If it is not, i.e. if there are scenarios possible where SYS becomes very successful as a company without Syscoin appreciating in price, then it may not be a good investment despite it being a great project. (What I mean by "causal relationship" is for example what you have with traditional stocks: if I hold an Apple share, I own a part of Apple and am entitled to a proportional part of the profits. So if Apple becomes more successful, a proportional amount of this success flows into my pocket. With SYS (and most cryptos) this is not the case, and I am wondering whether there is a different mechanism at play (hence the post), or if a Syscoin really is just air fuelled by speculation of ignorant people like me)
Apart from simple speculation by uninformed people like me, what should cause the price of Syscoin to materially increase?
In the past when I asked these questions I received 1 of 3 answers
1) When Blockmarket becomes mainstream, Sys will be used to pay for goods and pay fees on BM, so the value will go up.
--> I may be dumb, but this does not make sense to me. Why would regular people (not the die hard crypto fans like yourselves) go out of their way to exchange their fiat and bitcoin for sys to buy something? Sounds very complicated and honestly I do not see anyone doing it. At least not to the extent that it could materially drive up demand. Also both the receiver of the Sys, as well as the receiver of the Sys fees (which are way too small to play a role to begin with, even at millions of transactions per day) will go back to the market and exchange the Sys back to Bitcoin and Fiat. So considering that the net effect is close to zero, I do not see how this would cause the Sys price to go up
2) Sys will have Masternodes which will lock up Sys, hence decrease supply and drive up the price. Look at what happened to Dash.
--> This makes even less sense to me. First of all, forget Dash. The Dash price is whatever the Dash team wants the price to be, given the coin`s highly centralized and pre-mined nature. Any comparison of the two coins is simply foolish. Second of all, the people who would run masternodes likely have their coins already. It is people who know about the project and have been following it for a long time, who are "fans" and who have their SYS sitting some where in cold storage and dont currently trade with it anyhow. So I very much doubt that suddenly tons of people will buy Sys to run masternodes. Especially since it does not make sense from a financial perspective unless you believe that SYS will outperform bitcoin (which is the main question of this entire post: why should this happen?). In my eyes it does not make sense to answer a question such as "Why should Sys go up in value?" with "Because people will want to run Masternodes for 15% ROI per year, which is a better investment than simply holding bitcoin, as SYS will increase in value with Bitcoin and you get the 15% on top". I hope everyone realizes that this answer does not make sense.
3) Sys will have all this other stuff going on, sidechains and what not. Blockmarket is only 5% of Sys.
--> Maybe in 2-3 years, yes. But right now, this is clearly not true?! Or am I grossly misinformed?
////
In summary, I would be very very thankful if anyone were to take some time and explain the SYS investment thesis to me. I believe SYS has an excellent team and is one of the best projects out there. I believe BM will be a huge success. But I absolutely fail to see a causal relationship between the success of Blockmarket and the appreciation of the SYS token. In my understanding, Blockmarket success does not mean that SYS price will go up. The way I see it, Blockmarket can work in a hugely successful manner in a world where 1 SYS = 1 cent.
Please correct any false statements I may have made. And please explain to me why and how the price of SYS is tied to the success of Blockmarket or the Sys team. Where is the causal relationship which I am missing?
Again, don`t get me wrong. I am not trying to piss on SYS or all you die hard SYS fans. I believe SYS is awesome personally. I just want to understand whether the success of the SYS team is really, causally tied to the price of the SYS token. If it is not, i.e. if there are scenarios possible where SYS becomes very successful as a company without Syscoin appreciating in price, then it may not be a good investment despite it being a great project. (What I mean by "causal relationship" is for example what you have with traditional stocks: if I hold an Apple share, I own a part of Apple and am entitled to a proportional part of the profits. So if Apple becomes more successful, a proportional amount of this success flows into my pocket. With SYS (and most cryptos) this is not the case, and I am wondering whether there is a different mechanism at play (hence the post), or if a Syscoin really is just air fuelled by speculation of ignorant people like me)
November 02, 2017, 03:56:43 AM
Price very cheap, marketcap under $100 million, so low!!!!
SYS is the next $1-2 billion marketcap coin, expecting at least $1.50 soon!!!!
SYS is the next $1-2 billion marketcap coin, expecting at least $1.50 soon!!!!
November 02, 2017, 03:08:32 AM
I thought the roadmap and especially the Mn would be delayed to end of November/ early December due to the rise of Btc, Segwit 2X and the fall of altcoins... But no, you guys managed to stick to the roadmap. Well done !
A lot of good news in this update !!
Looking forward for the end of the year and 2018 should bring SYS to a next level
A lot of good news in this update !!
Looking forward for the end of the year and 2018 should bring SYS to a next level
November 02, 2017, 12:44:25 AM
Syscoin Identities, Blockmarket 1.1 release, Masternodes and more!
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
great news and specs for mn thanks!
November 01, 2017, 06:55:26 PM
Syscoin Identities, Blockmarket 1.1 release, Masternodes and more!
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
https://medium.com/@BlockchainFoundry/syscoin-identities-blockmarket-1-1-release-masternodes-and-more-f15070a386c5
November 01, 2017, 05:36:33 PM
who knows the reason? http://www.btc38.com/news/2017/10/15741.html
Probably because they are going to compete against Alibaba
Due to the regulation ruling in China, all crypto exchanges had to be gone by October 31. So most of them ended up shutting down operation in China and moved oversea with a new domain
apparently aex.com is the oversea version of btc38
SYS just got listed there too
https://www.aex.com/page/news/notice/2017/1101/en_41.html
October 31, 2017, 09:04:26 PM
Yes I know. You scroll up I answered to CryptoJohn 
Great then no need to ask the same question.You will be able to hold funds offline while providing masternode service.
SYS - This is how MN should be done.
October 30, 2017, 09:21:42 PM
Yes I know. You scroll up I answered to CryptoJohn
Great then no need to ask the same question.You will be able to hold funds offline while providing masternode service.
October 30, 2017, 09:14:54 PM
Yes I know. You scroll up I answered to CryptoJohn
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