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Author Topic: So if altcoins go on the rise what new coins are there to look into before?  (Read 1386 times)
Rigon
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August 19, 2014, 02:58:33 PM
 #21

Right now I am watching, and mining, burst because it uses HDD capacity to mine which I find interesting.

Of course if altcoins go on the rise everything will make a slight rebound but I am wondering about interesting coins that newly got something different that might get a huge jump.

Hey im going to be launching a coin that will have backing, the product that will be used for backing will be released when the coin is developed.  I say it will be much more better then alt coins as it will be protected from pumps and dumps, I already have a thread on my concept.  I own acres and acres of lands in Europe and soon you will find out that this will be a coin with much more stability because of a slow price growth. Not the usual  get rtich pump an dump coin that happens within a month.
  I am looking forward in seeing what you will be bringing into alt coins, tired of pump and dump coins as I had lost money in trading.  If your coin can be safe proof from dumping, then that can bring alot of value to it alone and faith.
discodancer
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August 19, 2014, 03:18:12 PM
 #22

Is there some kind of forking problem that delayed the Syscoin launch?

There is a thread about some sort of problem with Syscoin entitled "Warning regarding Moolah.io escrow".

https://bitcointalk.org/index.php?topic=745005.0
I was the OP for the thread.
Well the story of Syscoin goes like this:
They spent 8mths in development of the coin. Then moolah was appointed the escrow partner for an ICO worth 1500 btc.

When the coin is released, people find that the coin doesnt work properly, with a glaring issue - the blockchain is forked and there are many who sent out transactions but are stuck. On top of it there is another hilarious issue wherein qt uses "litecoin" is used instead of syscoin.
The best part of all this is - devs are no where to be seen 12hrs post launch. Calls for correction is met with "our developer is sleeping" comment. Imagine this for the 8mths of coding.

After much backlash developer is woken and gets to work on the coin. He releases a new revision which still doesn't work. So basically 1.5 days passes without a stable release. Questions on a breakdown of responsibilities and 1500 btc distribution falls on deaf ears.

In comes moolah who give them more time, effectively setting time for 4 days post launch. He even brags about having a law degree. Pointed questions on how he could run an escrow wherein the public is not aware of the terms gets ignored to "this is our final say in the matter". Even the question on validity of his law degree considering he just misrepresented his position is ignored.

Finally a working wallet is released 2 days after launch.

Given the lack of clarity on escrow and then incompetence of the devs, I am out of the coin. Now some might consider what I wrote as FUD but that has been my true opinion on this coin.
Still if anyone wants, they can buy the coin below phase 2 prices (516 satoshis each) on mintpal/bittrex.
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