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I think Syscoin is a great project and I am invested heavily. However I am slightly concerned about syscoin's dependence on bitcoin. We have all seen that when bitcoin's price collapsed recently, so did sycoin's. In that connection I have two questions:
1. Is there a plan to facilitate the purchase of syscoin with fiat? The fact that syscoin is traded almost exclusively against btc is one of the reasons sys's price is so dependant on btc. If sys were traded against fiat directly, dependence on btc price would decrease.
2. Is there a plan to move away from PoW? I have noted the following statement on the website: "Syscoin network piggybacks on the most robust and secure network the world has ever seen. Upon enabling this capability, our network grew 100 fold in less than 12 hours and it continues to support an incredibly stable hashrate (an indicator of network health)." This is great, but only while the btc network is doing great, and is therefore another form of dependence on BTC. Further, do you think that PoW is sustainable long-term, given the general concerns expressed about it, i.e. energy consumption and centralisation?
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Blockmarket is just a cherry on the top. It's not necessary to justify the price. Look at DASH. What does it provide? Nothing expect for means of exchange. It's current price I would argue is what it is mostly due to masternodes and marketing. Syscoin will now have masternodes - there is no reason it shouldn't rise to DASH levels.
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I think that it is.
The most important thing here is masternodes. If you loook at the charts of most masternode coins they all shoot up sooner or later (except perhaps those which have stopped being developed alltogether). In syscoin's case, a combination of a working product AND the availibility of income from masternodes is bound to skyrocket the price. I am expecting 10x-25x this year. (In the long term there is a big question whether any such price is sustainable, but it is bound to at least reach those levels.)
HMU if you disagree - want to know your reasons.
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Anyone selling their subscription?
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I am potentially interested but I have the following questions:
1. How did you acquire the membership(s)? 2. Why are you selling them? 3. Why such a high discount? 4. Are you proposing to sell reposts or something, or are you selling actual login details? 5. If login details, then how do you propose to carry out the exchange? What's stopping you from changing the password after the purchaser pays the money? 6. What is the proposed method of payment?
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Ye launch is most important which is why they focused on the most important aspect: marketing. How many coins are out there with great features but low market cap because no one knows about them? Not a problem etn will have.
Also before launch they didn't know how much they would raise. Now they do and they can proceed to prepare budgets and hire coders accordingly.
Not saying they will do this or that they will succeed necessarily. All i'm saying is that I see the logic sin their actions so far.
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I haven't said that it is or isn't a scam, please read carefully. All I've said is that the information on the companies house does not point either way, which is 100% correct.
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Replying to the OP - the information in the link means nothing, absolutely nothing. All it shows is that there is a company in the uk called bitconnect which has not done any business and which will be removed soon for being dormant basically. However, there is no evidence that it is connected with the actual bitconnect and even if it is, this fact is of no consequence.
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To everyone who is saying electroneum does not have a good programming team. That maybe so, but do you really think it matters? They have just raised $40 million for heaven's sake! they can hire the best coders in the industry. Your concerns are seriously misplaced IMO.
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