Its open source
Its blockchain based and not P2P (ever try to use torrents on a cellphone? Ouch)
Escrow does not require parties to double deposit(think real world here, would a store and customer ever accept to double deposit?).
Since Sys is already fully functioning, we have honestly stopped comparing ourselves to roadmap projects and instead are concentrating on the only "competition" out there: OpenBazaar
Good luck though, we respect all efforts towards decentralization.
What? I mean syscoin is great but surely Bitbay is better? or am I wrong?
Is being blockchain based actually workable with this kind of thing? I mean if syscoin got any real user base would it not just start consuming enormous resources/space? how big will the block chain end up being?
I am a fan of bitbay but I have some sys too. From what I can tell Bitbay seems a way better way of doing things. However, I would love to see a full on comparison between the two with technical analysis that layman can understand.
Seems sys could never scale to any real world usage? or could it?
Isn't sys just a copy of what bitbay first set out to be?
I don't really think this thread is the best way to highlight these projects but still if a comparison must be made I would like to hear the facts from a tech pov not from just investors. I'm merely and investor in both (more in bitbay ) but when last I was asking for some comparisons between them I got the notion bitbay was clearly built for scaling better for real world usage.
Syscoin tbh seemed to me to be a bit of a bitbay copycat coin that didn't think it out quite so well (this could be proven to be incorrect let's wait and see). However, congratulations for how quickly it was coded out.
Hello,
I thought I'd chime in the dicussion, we at Shadow love seeing good debate intertwined with the right amount of anger. I owe you a word of explanation before I start taking a piss at everyone.
First things first, when people from both sides of two or more projects get in a heavy debate, they are merely defending what they have created. Their own blood, sweat, tears and spirit went into creating it, so they will defend that without giving up. I think it is important to recognize that most of us here have dedicated quite some time to either project and that knowing that fact should be the basis for mutual respect. Well, I respect it, you can feel whatever you want.
Nonetheless, this shouldn't be used as reason not to criticize the other for their bullshit.
To start off, sebastien1234 I hope you are either drunk or high on meth when you typed that. If what you've said (read quote) is your true opinion, I advice you to withdraw from this forum and to never come back. You're in charge of the PR, so I've read, stick to it and don't ever get mixed in technical discussions until you are 100% sure about what you're saying.
Its blockchain based and not P2P (ever try to use torrents on a cellphone? Ouch)
This is first class bullshit right here people. A blockchain is distributed in a P2P fashion, so by that simple analogy your argument is destroyed.
A blockchain would require you to fully synced before you can participate in any trading, meaning P2P like torrents would actually be a faster system by MAGNITUDES.
I don't know if you're from some country that has never heard of Quadcore smartphones and internet speeds that exceed 100Mb/s but torrents on a cellphone are pretty darn fast, just as fast as a computer.
Escrow does not require parties to double deposit(think real world here, would a store and customer ever accept to double deposit?).
Again, it is clear that your knowledge on double deposits doesn't reach that far. If I remember correctly, BitBay uses a model of FULL double deposits, so you have to put up 100% as insurance. In a real world model that wouldn't even be necessary, an insurance deposit ranging of 10% to 20% should be enough to keep scammers out. The economics behind this find their roots in game theory, something which I won't bother to explain. But you need to keep account of the loss of cash flow that a scammer encounters, even with a 10% insurance deposit, the scammer will run out of funds.
You're a good guy, but don't give people like me a chance to publicly ruin your credibility of the technical understanding. Bad for you own PR, just my two cents.
Is being blockchain based actually workable with this kind of thing? I mean if syscoin got any real user base would it not just start consuming enormous resources/space? how big will the block chain end up being?
That's a very good question, we at Shadow have been crunching the numbers for our own system. You definetly need pruning, does SYS do this?
Without pruning, obviously not. Even our system which only stores listing by default for 48 hours has problems with this when we check the numbers.
A simple scaling check shows that blockchain based listings don't scale. Say you have about 10,000 listings with each about 3 pictures on average with a 200KB, and I'm being optimistic because I truely hope sys is "downgrading" the images, because it is more likely to be in the range of 7.46MB if they don't.
10 000 * 200 KB = 2GB of data at a given moment.
Now 10 000 listings can easily be made by less than a thousand merchants, so no sys probably will not scale. Disregard anyone trying to convince you otherwise, anyone trying to should do it by crunching the numbers like I did.
There are ways of mitigating these problems, but by using blockchain tech (every node must store everything) their only way out of scaling issues is by inventing a lite mode.
They have worked themselves in a corner by the blockchain, one which I doubt will ever scale to a wider angle.
Seems sys could never scale to any real world usage? or could it?
Bitcoin can't even do that, so you can't demand that syscoin pulls it off.
I haven't even gotten to my own critique to sys, mostly being their attitude towards "getting the job done, even if it involves leaving out core principles".
Their DirectBTC feature makes use of centralized components and don't even make a fair mention of being that way, pretty bad when you're promoting blockchain tech. It's feasable to do it in a decentralized manner, but they decided to rush it.
Don't get me started on the privacy issues of sys, you'll just blame me for shilling ShadowCash.
Lovely chat ol' chaps.
Keep on working on what you love as long as it makes you happy. Make sure you stay healthy and don't risk running into a burn out, it ain't easy for open source devs.
Everyone gets shitload of critique, but when you're working so hard for free, it can get heavy on your mental health.
Greetings,
Kewde