The Best Overlooked Alt, Syscoin | Bitcointalksearch.org

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

Quote from: BitcoinPanther on January 02, 2021, 10:14:22 AM

I remember this altcoin, it was quite popular during those days, but alas, they did not maintain that popularity and it seems most of us had already forgotten this coin. It is good to know that developers are still working hard on the project and I think it been years since I see the syscoin thread again or maybe I just missed the other threads.

No, that's really one of it's biggest drawbacks, despite all the work that has been put into it it hasn't maintained relevancy.

Since I posted so many positive things, I should probably post a few negatives to balance it out.

Originally Syscoin had a decentralized marketplace built right into the wallet (along with a lot of other features) it never gained any significant traction.

It was removed for a while and it still hasn't been added back.

Also at the very beginning, syscoin suffered a big loss when a lot of their IPO money was stolen (I don't really remember what happened in detail, but it's something to look at).

Having such low relevancy in an already established crypto, it means it could possibly just stay irrelevant.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

I remember this altcoin, it was quite popular during those days, but alas, they did not maintain that popularity and it seems most of us had already forgotten this coin. It is good to know that developers are still working hard on the project and I think it been years since I see the syscoin thread again or maybe I just missed the other threads.

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

Syscoin can do 60k TPS on chain using masternodes.
The fees are minimal.
Getting a masternode means you can earn a fair bit, if you're in it for the long haul, it's more stable than buying ASICS and mining since you're not going to become obsolete.
Syscoin can be used to create tokens and you can use all the capabilities of ethereum using syscoin's Bridge to jump between the blockchains without any third parties.

The developers have been through huge crashes and never left the project, it's older than most (2014) and they've not only held on during the bear market, but they kept developing, they kept being positive and they have their own publicly traded company.

Also it's at a good point for people to get in. it's 68% mined
Masternode and Mining rewards drop 5% a year, so it's a more gradual decline, rather than halving.
Masternodes get seniority benefits +35% after 1 year, +100% after 2.5 years of holding the masternode collateral in the same address.
The masternode collateral is 100,000 sys, in the future you can pool funds with other people (without risking them) and share the rewards.
A masternode would set you back $6500, and you'd also have to host it somewhere reliable.

Topic: The Best Overlooked Alt, Syscoin (Read 71 times)