For the purposes of transparency to the rest of those posting here I am now actively DELETING posts made by user "Soul_eater_123" as they are now just spam at this point. This user failed to read the terms of the presale and is now trying to ruin our presale because of it. I'm sure I'll miss one or two where he may imply I'm a lying no good trickster or something of that nature (which is of course completely not true). This user (and any user for that matter) are always welcome to contact me directly either via pm or direct email dan@syscoin.org.

I apologize to other presale investors who may have legitimate questions and are being interrupted by this user. Thanks for your patience. This is why this topic is self-moderated.

I added this already answered question to the FAQ to make even clearer a point that everyone else already clearly understood.

I deleted ONE message because you didn't read the OP. I'm not going to get into a childish argument with you. You just reposted what i deleted and I let it stand so do whatever you'd like. What you posted is still here for all to see via your reposting of it.

My responses are only defending the fact that all of this information is very clearly stated in the first page, and then again on the actual presale purchase page, and you didn't read.

Yes it is although very few posts have been deleted- even many FUD posts have been left so I can clear up misinformation.

For transparency I did delete a post of yours because it was not related to Syscoin and I removed my tangential comments as well.

I don't want to come across as trashing any coin so I don't want to make any statements.

I think that having big plans for features is great but by my understanding they are only that at this point, plans. Lots of coins these days seem to only have plans, we have worked hard to make sure when we launch we differentiate ourselves from them by delivering real, new features at launch AND plans for the future. We think this is the right way to do it. That's why I guess a lot of people haven't heard about Syscoin, we waited until we had something deliverable to show before publicizing anything.

The only real other competition I see on our radar in the immediate future is Bithalo/Blackhalo, I think they have done serious work. Etherium is very innovative as well but they are a bit further out launch-wise.

This is correct. We don't currently have any changes planned to the schedule but we will review them once more before launch to better account for service fees that are also going to be distributed to miners with each block. These are distributed at a rate that is hard to predict as it is based on service usage. If upon review changes are required they will be made and publicized ASAP.

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I've added the markdown for translation bounties to the OP as well as updated FAQ and some of the bounties (increased social media bounties).

Please respond to all bounty requests on Altcoin Giveaways forums via the link posted in the OP. Replying here on BCT is against the rules, it takes 30seconds to register on Altcoin Giveaways please do so and post there to claim your rewards. Thank you.

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To those who had to "top up" accounts, Moolah has a script running to verify top-ups every 6hrs. After topping it up you should receive an email within 6hrs confirming your purchase.

We will be releasing additional information about Syscoin features (demo videos and whitepapers) over the next 4 weeks that is why there is such a long gap before launch. We're also using that time to finalize testing of Syscoin and if we finish early, possibly add or enhance the planned features (TBD). We are also planning to do some kinda of live Q&A for presale buyers/public. We need to figure out the best format for this; needs to be moderated in some form. Maybe we can get a journalist or someone to act as moderator, this is something we're definitely looking into doing and working on the logistics. We'll have more news as the presale goes on.

Want to thank everyone again for their interest. Special thanks to those who have helped answer some questions for other users and also a huge thank you to all of those of have purchased presale coins already. We are going to work very hard to make Syscoin worth more than the presale price and we're excited to be able to roll out the initial four features as well as a roadmap with some rough timelines for new features/enhancements. This presale is going to enable us to do things other teams just don't have the capital to do and we're excited to exercise that potential to try and maximize Syscoin's value/adoption. We've been through coin development before and we know how critical having working capital is to the long term success of a coin when used properly.

Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well.

Nope just means that Moolah will have Syscoin available exclusively on their platform [including their new trading platform] immediately when the coin launches because we're working with them as a partner. Not that other exchanges can't add us minutes after we launch and we certainly don't discourage them from adding us; but Moolah will be the first.

No offense to either of you but please take this conversation to PMs or another thread.

This is the correct answer. It will be mined per the normal schedule.

Thank you 

In that previous answer I need to dig up I did call out we would be hiring crypto devs, increasing marketing, etc. I don't know that hiring a full time call person to try and persuade companies to switch would be the best approach here. I think we'd probably wait for some smaller indie shops to be stood up using Syscoin, work with them to see how hard it was and how we can ease that pain. Then we as a team (not an anonyous username) would take those lessons learned to some crypto-friendly mainstream companies and see if we can get signed up for some pilots with those larger players.

It would then be an evolving relationship from there that would [hopefully] lead to a larger rollout once the company is satisfied with the security and accessibility of their decentralized marketplace. Our focus isn't just adoption, we know we'll need more features to really make this a holistic financial services solution so we're planning on investing in that as well.

Good question. Syscoin actually acts as a replacement for those notary publics and other centralized systems around legal agreements in that regard. The network acts as the unbiased third party. Remember Syscoin's feature is digital certificates which can act as a form of a contract. We are working on expanding the use cases of this feature into what are commonly known as "Smart Contracts" which require signatures (as in pub/priv keys) from more than one party. This smart contract feature is something we're still working on and will be an additional feature/enhancement on top of the certificates functionality which acts as a foundation for this- trying to get this in at launch but it will most likely be post-launch, and initially we'll just have the certificates portion.

Regarding laws related to digital contracts/certs/wills/deeds I don't think there are any that speak to this kind of application (or I don't know of them). I think its a new field in that sense and if this catches on (which it will, since almost all bitcoin 2.0 implementations are focusing on "smart contracts") then we'll see more laws that speak specifically to this type of thing.


I answered this question earlier but it was a few pages back, I'll dig it up and add it to the FAQ. In short- using presale funds to reduce friction moving your assets to Syscoin, making the value proposition to "Joe User" clear and salient, marketing to the crypto world and partners in that space (of which we already have a few) and marketing to the non-crypto world to increase real world adoption. Real world adoption is going to start slow, just like with Bitcoin this is a paradigm shift. Real world adoption is the main focus though. We know Syscoin can enable "shadier things" so to speak but we want to enabled larger, legitimate decentralized financial systems. It will take time, we expect bumps in the road. It impossible to predict how this will all play out once we launch as there is nothing that is 1:1 comparable to Syscoin on the market at this time.

Remember when Bitcoin first came out? Who would have thought Overstock.com, Newegg.com, Dell, and others would start accepting it as actual currency? Yet here we are years later in basically a completely different world because of Bitcoin; but no one could have predicted that with any accuracy, it'd just be speculation.

This are lies/FUD just trying to slow down the presale. Moolah has been around longer than most exchanges, it is FinCen registered and is a legit business with multiple platform offerings. Look them up, their registered biz ids are on every page of their website. Additionally they have never been hacked while other exchanges have or have crumbled. They are definitely not only trustworthy, but secure.

The items in the presale (features) are made, NOT only concepts and pictures. Not sure what you mean by your statement.


Reading my mind.

I added a big section of red text to the OP telling people to READ EVERYTHING since that I guess wasn't clear. I have also added presale FAQ addressing the repeated questions we've been getting.

You lost me... 0.1% "emission"(?) of... what exactly?


The problem here is you're thinking this is a share-based IPO like VIA and its not. Which I feel like I've repeated about 50 times at this point. Its fixed price, presale. You don't like the price, don't buy. Simple as that. Buy it on an exchange if you feel the price is so overvalues and you'll get it cheaper elsewhere.

I'm taking a break to work on the FAQ so I can get some development done today. Then working on more development.

Seriously! We want to work on the coin! Not reminding people to read. Replying to the same questions 10x in a day eats up a day that could otherwise be spent on feature development.

Read what has already been posted. I'll be putting together an updated FAQ covering most of this today! Soon as I can get out from under the redundant questions and misplaced accusations of fraud 

4 features already ready and in heavy testing. 2 new/enhancement features being discussed during team technical meeting in ~3hrs. Several additional features and direct platform-partner integrations in the pipeline as well. We aren't sitting on our hands even though we're already ahead of the game with the initial feature set.

We're setting up a website for you to send your information to; once validated we'll send you your initial reward. Hard wallets will come after launch and there will be a follow on page for that as well and additional services tied to the hard wallet via an app. More details will be provided once its all setup, trying to get it done this week.


I totally welcome this kind of discourse and discussion and these are the types of things we're going to need to talk about and consider inside the team on top of other challenges we'll by figuring out as we scale. We are still testing scaling, and in that regard miners get paid for all of the services so there is additional benefit to them for storing the data and those fees move on a sliding scale. I was just tossing out something we were thinking about internally [lite wallets + 'PoD'] amongst other solutions we're thinking about if it becomes a real problem.


What do you mean by "data store fast outpacing technology advances"? Storing data has related services fees and the more you (a user) wishes to store the more it will cost to do that. I don't feel like I can answer this without fully understanding your initial statement, please clarify and myself or a teammate will answer.


We're actually using portions of the datacoin codebase as a partial basis for Syscoin's datastore mechansim; This is called out in the whitepaper on the 1st page, but here it is to save you a trip. It's just an overview, we'll have more specific paper's and videos that are feature-based coming out over the next few weeks leading up to launch. The first page has a lot of information as well which has already been updated.

I'll provide a more info in the data storage regard tomorrow after I speak with the team about some of the upcoming [new] features. If you could clarify that bit above it would help us to provide a more direct answer.

Exactly, for now  

PM me:
- How long ago did you send it
- From what email address


I'll do what I can to get you answers ASAP. My assumption is because the values didn't match the buy wasn't associated with you, I can get that fixed I'm pretty sure but need those above details.

Its hard to call out specific examples right now since there isn't really anything out there like this right now so we aren't sure what it will do and who will take the most interest. Right now I can say that we are looking to target more of the mainstream market, major financial systems, replacing brokers with the decentralized Syscoin network. Replacing centralized storefronts with decentralized markets. Ebay sellers, craigslist sellers (and more markets in that vein that I may be omitting).  Also going after data storage warehouses like dropbox and google drive, you can store data on the Syscoin blockchain and you never need to worry if "CompanyX" is still in business or if their servers crashed- its all decentralized.

Is it a lofty goal? Yep. Is it impossible? I don't think so. I don't see any other coin pushing features like this that have actually been delivered (aside from talk, whitepapers, and roadmaps)- we have these ready, and we think they will change the landscape of how financial systems work over time.

I know NXT may have similar concepts but this is not NXT, the features will be more consumable by the normal "Joe User" demographic and we have partners already on board to make those more consumable systems accessible on a larger scale. The name alias feature is another component of Syscoin that will make it much more marketable to mainstream demographics. Send your Syscoin to "danosphere.wallet" instead of "Ssf8675ho48huvnsnoubni34bkiavs94". If users change wallets they can just update their alias, no change needed to those who are sending them funds. Yes we could add a DNS system on top of the name alias system ala Namecoin but we want to wait and see how its used before mandating use cases like that.

Marketing isn't the only thing though, we'll also be hiring some crypto devs to make sure innovation keeps rolling. We know things move fast in crypto, Syscoin should be ahead of the game when it launches with the 4 features we've already completed. We want to stay ahead of the game.

Also we don't know what kind of partners we may work with in the future, some may require compensation. So a portion of funds will be set aside for that as well.


This is correct. We'll be holding the majority of it for items directly related to Syscoin- operating, hiring, and marketing costs. We as the developers will take a small portion to recoup the  8+ months of development work (which is directly related to Syscoin) and the rest is going to ongoing costs in a long term sense. This does include our own future development, which is a certainty; but also covering costs for additional devs we hire to expedite that development, marketing, more partners, advertising, etc. We aren't looking to raise more capital in 3, 6, 12months- this is going to be it. The developers are getting 2% of Syscoin but we'll be publishing our wallet addresses and holding these coins, not dumping like some developers do.

I know VIA raised a significant amount of BTC (600+) via their recent presale. How are they disclosing their spending of that fund? We could follow their example if that is what people consider fair.