⚒ Syscoin -Blockchain Scalability, Trustless Interoperability for ERC20 projects

[b1007]

Is it just me or is Syscoin severely undervalued?  I think a lot money currently flowing into crypto is divived amongst the many promising ICO's. It's perhaps a good idea for Syscoin team to focus on the non-crypto world, that's where the big money is to be found. 

Agree on both fronts- Syscoin is undervalued and we are focusing our efforts outside of crypto as we agree- that's where the big $$ is especially with the use cases we can now satisfy in a decentralized manner. We're looking to satisfy legitimate use cases as that's where the real money is (ecommerce, p2p sales, craigslist, ebay, etc)

That's exactly what I'd like to hear as a long-term investor. The potential is definitely there! I think for mainstream adoption it's important to stress the advantages of Syscoin's blockchain market place in contrast to the old usual online market places. This could definitely be the next big step in online market places. I remember when E-bay and Amazon just came up, it was a weird new idea, buying and selling stuff p2p on online market places, now people are accustomed to it, Syscoin should become the next step in evolution, both as to become a next generation market place itself and to help the old fashioned online market places to evolve and adapt to the new era by implementing Syscoin technology. 

[coolindark]

Syscoin: Business on the Blockchain
Syscoin Team Slack | SYS Slack Request Invite | Syscoin Reddit

Syscoin 2.0 is a cryptocurrency based the Syscoin 1.0 originally launched August 14, 2014. This thread is a continuation of this thread, which was the Syscoin 1.0 launch thread. Syscoin is unique fintech asset that offers much more than simple currency transfer. Syscoin provide an entire marketplace ecosystem built around the SYS token but cross-compatible with Bitcoin (BTC) as well. Unlike many coins the features below are not on the roadmap they are live and in production launched April 30th, 2016 as version 2.0. Value from the 1.0 chain as of block 880510 was migrated to the 2.0.

Syscoin 2.0 Features

• All features use blockchain technology
• Decentralized Marketplace
• Name Aliases for easier addressing
• Full Affiliate system for reselling, reseller discounts, and more
• Private selling
• Encrypted Messaging
• Digital Certificates on the blockchain which can be directly sold on the Marketplace
• Decentralized price pegging
• Third party arbitrated escrow for secure transactions and buying with confidence

We have much more development planned throughout 2016 and beyond as well. Please check out our ROADMAP which we're constantly updating.

Max Coins: 900,000,000
Mining Algorithm: SHA256, Merge-mineable with any SHA256 coin including Bitcoin

Mining Schedule

Duration	Years	Block Height	Interest
1	2016	1 - 525,601	6%
4	2017 - 2020	525,602 - 2,628,005	3%
7	2021 - 2028	2,628,006 - 6,832,813	1.5%
39	2029 - 2068	6,832,814 - 27,856,853	0.75%

Latest Wallets

Download on Github

Exchanges
Bittrex | Poloniex | BTC38 | Alcurex

Mining Pools
Syspool | Give Me Coins | MMPool | F2Pool

Block Explorer
CryptoID

Syscoin DirectBTC Feature Demo Video


Syscoin v. OpenBazaar (click for full size)


Syscoin on Wikipedia

News Archive

• April 30th 2016 - Syscoin 2.0 is Live!
• March 14th 2016 - Syscoin Official Microsoft Azure Development Partner
• February 29th 2016 - Syscoin 2.0 Final Public Beta Now Available!
• Ancient News Archive

Please note: this is a moderated post. Any replies that resort to name calling, unnecessary use of large fonts/color or posting of misinformation will be deleted. Repeat violators will be reported to forum admins.


** This thread is a continuation of a previous, now closed thread. **

Here is a new pool with Syscoin (V2) : http://bitcoinpool.us 

[danosphere]

Here is a new pool with Syscoin (V2) : http://bitcoinpool.us  

Awesome thanks! Added to OP


This arrived today and thought I'd share, my first purchase on the Syscoin network. Pretty awesome when it shows up at your door! It's fiery sweet deliciousness, I'd recommend it! Grab yours via offer id bc5429da60b4c942



Also it seems YOBIT is back on the right chain ...after taking 3weeks to update to 2.0.  

[Kewde]

The video presentation of DirectBTC makes it seem that the Bitcoin transaction checking is based on a centralized service, is that true?

Best of luck, I like the chart of sys vs OB.

[bitwarrior]

Here is a new pool with Syscoin (V2) : http://bitcoinpool.us  

Awesome thanks! Added to OP


This arrived today and thought I'd share, my first purchase on the Syscoin network. Pretty awesome when it shows up at your door! It's fiery sweet deliciousness, I'd recommend it! Grab yours via offer id bc5429da60b4c942



Also it seems YOBIT is back on the right chain ...after taking 3weeks to update to 2.0.  

We need more merchants like this, Maybe the Syscoin Team will start selling their Syscoin Branded T-shirts on the Marketplace?

[danosphere]

The video presentation of DirectBTC makes it seem that the Bitcoin transaction checking is based on a centralized service, is that true?

Best of luck, I like the chart of sys vs OB.

Yep that's correct currently it uses a centralized blockchain web service API to verify the funds have been sent before committing the purchase to the Syscoin blockchain. There's no reason we couldn't decentralize through multiple web service endpoints across multiple service providers or by including a bitcoin client with the SYS client and making direct RPC calls to that client, although the latter would result in unnecessary bloat imo. The directBTC feature was developed as a means to expose Syscoin to a larger userbase more so than an exercise in decentralization although it is possible!

[striker7334 2.0]

I tried running it on OS X 10.11.4 and it quit unexpectedly at startup which makes me sad. Here's the log if it helps:

Process:               Syscoin-Qt [1007]
Path:                  /Applications/Syscoin-Qt.app/Contents/MacOS/Syscoin-Qt
Identifier:            org.syscoinfoundation.Syscoin-Qt
...

This was reported in our Slack earlier today, the latest Mac build was missing some dependencies if you download it again from https://github.com/syscoin/syscoin2/releases/download/2.0/Syscoin_2.0.dmg it should fix the issue.

Works now thanks! 

[3r197]

Tried 3 trial runs with the marketplace.
For some reason now my funds are locked. Was going to send my coins to bittrex
I had about 1500 syscoins after tests.
could only send 355 coins to bittrex.
I figured it was confirmation issue. But 12 hours later, funds still stuck.
Error says I have insufficient funds even if I try to send 1 coin out of 1150



What am I doing wrong.
I'm on windows 7
tested 3 contracts. 2 without escrow and 1 with escrow.

[bitwarrior]

Tried 3 trial runs with the marketplace.
For some reason now my funds are locked. Was going to send my coins to bittrex
I had about 1500 syscoins after tests.
could only send 355 coins to bittrex.
I figured it was confirmation issue. But 12 hours later, funds still stuck.
Error says I have insufficient funds even if I try to send 1 coin out of 1150


What am I doing wrong.
I'm on windows 7
tested 3 contracts. 2 without escrow and 1 with escrow.

You might try this one on your wallet:

Click on settings -> options -> wallet -> uncheck coin control
then try to send again your coins.

[3r197]

Tried 3 trial runs with the marketplace.
For some reason now my funds are locked. Was going to send my coins to bittrex
I had about 1500 syscoins after tests.
could only send 355 coins to bittrex.
I figured it was confirmation issue. But 12 hours later, funds still stuck.
Error says I have insufficient funds even if I try to send 1 coin out of 1150


What am I doing wrong.
I'm on windows 7
tested 3 contracts. 2 without escrow and 1 with escrow.

You might try this one on your wallet:

Click on settings -> options -> wallet -> uncheck coin control
then try to send again your coins.

Well shoot... it was already unchecked.
The counterparty who was testing market with me also has his coins stuck as insufficient funds
He tried to send his coins to my wallet.
So the error exists whether one sends to an 'S' account or a '1' account

[striker7334 2.0]

Is it just me or is Syscoin severely undervalued?  I think a lot money currently flowing into crypto is divived amongst the many promising ICO's. It's perhaps a good idea for Syscoin team to focus on the non-crypto world, that's where the big money is to be found. 

Agree on both fronts- Syscoin is undervalued and we are focusing our efforts outside of crypto as we agree- that's where the big $$ is especially with the use cases we can now satisfy in a decentralized manner. We're looking to satisfy legitimate use cases as that's where the real money is (ecommerce, p2p sales, craigslist, ebay, etc)

That's exactly what I'd like to hear as a long-term investor. The potential is definitely there! I think for mainstream adoption it's important to stress the advantages of Syscoin's blockchain market place in contrast to the old usual online market places. This could definitely be the next big step in online market places. I remember when E-bay and Amazon just came up, it was a weird new idea, buying and selling stuff p2p on online market places, now people are accustomed to it, Syscoin should become the next step in evolution, both as to become a next generation market place itself and to help the old fashioned online market places to evolve and adapt to the new era by implementing Syscoin technology. 

^Agreed with this it is pretty amazing to look at; I haven't posted anything yet or tried any features. But just from the look and syncing speed I see the potential and work you guys have put into this! Keep it up! I haven't tried OpenBaazar yet but I think this could easily snag a share of the ecommerce market!

[danosphere]

Tried 3 trial runs with the marketplace.
For some reason now my funds are locked. Was going to send my coins to bittrex
I had about 1500 syscoins after tests.
could only send 355 coins to bittrex.
I figured it was confirmation issue. But 12 hours later, funds still stuck.
Error says I have insufficient funds even if I try to send 1 coin out of 1150


What am I doing wrong.
I'm on windows 7
tested 3 contracts. 2 without escrow and 1 with escrow.

You might try this one on your wallet:

Click on settings -> options -> wallet -> uncheck coin control
then try to send again your coins.

Well shoot... it was already unchecked.
The counterparty who was testing market with me also has his coins stuck as insufficient funds
He tried to send his coins to my wallet.
So the error exists whether one sends to an 'S' account or a '1' account

If you join our Slack channel via http://join.syscoin.org we can help you out.

Is it just me or is Syscoin severely undervalued?  I think a lot money currently flowing into crypto is divived amongst the many promising ICO's. It's perhaps a good idea for Syscoin team to focus on the non-crypto world, that's where the big money is to be found. 

Agree on both fronts- Syscoin is undervalued and we are focusing our efforts outside of crypto as we agree- that's where the big $$ is especially with the use cases we can now satisfy in a decentralized manner. We're looking to satisfy legitimate use cases as that's where the real money is (ecommerce, p2p sales, craigslist, ebay, etc)

That's exactly what I'd like to hear as a long-term investor. The potential is definitely there! I think for mainstream adoption it's important to stress the advantages of Syscoin's blockchain market place in contrast to the old usual online market places. This could definitely be the next big step in online market places. I remember when E-bay and Amazon just came up, it was a weird new idea, buying and selling stuff p2p on online market places, now people are accustomed to it, Syscoin should become the next step in evolution, both as to become a next generation market place itself and to help the old fashioned online market places to evolve and adapt to the new era by implementing Syscoin technology. 

^Agreed with this it is pretty amazing to look at; I haven't posted anything yet or tried any features. But just from the look and syncing speed I see the potential and work you guys have put into this! Keep it up! I haven't tried OpenBaazar yet but I think this could easily snag a share of the ecommerce market!

We're just getting started Syscoin is really a platform that can be used for those larger ecommerce experiences and integrations we're working on the next phase reaching that goal with the upcoming Syscoin 2.1 release and Blockmarket milestone 1.

[grunt]

Hey all just found this new ANN thread congrats on the launch and all the good stuff you are doing!

I am having an error when I launch my wallet: Error - Failed to connect to best block

The only place I could find any info about this was in your github with the code for the error.

I ran the wallet with --salvagewallet and the same error occurred. Anything else I should try?

Keyare_ helped me out:

I downloaded the newest wallet from github and then cleared all my old data from user/appdata/roaming/syscoin

Then imported my old wallet.dat file back into the new wallet.

I had to choose the right wallet file because I had a couple corrupt copies, maybe part of the error in the first place? I just chose the largest one and renamed it wallet.dat and put it in my roaming/syscoin folder.

All my syscoin is back, as well as my alias and my certificate from my first purchase! NICE!

[leftR]

Great work here,keep it hot!!
But the price is red ,for a long time..
any news for this month?

[danosphere]

Update for those mining on SYSPOOL (pool.syscoin.org) we've updated the root coin to NEOS for more consistent higher profit payouts to miner there who can also merge mine several other coins to increase their profits, including Syscoin. Please update your configuration to continue receiving regular payouts, the latest NEOS wallet can be found here: https://github.com/io-eightyeight/neoscoin/releases.

[ITdreamer]

Why explorer is not working?

[danosphere]

Why explorer is not working?

Explorer working fine https://chainz.cryptoid.info/sys/

[Munti]

Is sys market in beta or is it the release version that is out now?

[ITdreamer]

Is there any way to contact with Yobit support team?

Support tickets on the site are useless, all stay unanswered.

[sidhujag]

Is sys market in beta or is it the release version that is out now?

Released github.com/syscoin/syscoin2