[ANN] Syscoin - Business on the Blockchain - LAUNCHED!

[FlipTheScrypt]

Update 8/16:

We are working on resolving this issue right now. Please wait. We have returned any BTC we recieved to Moolah for the time being - https://blockchain.info/tx/53b1c79d56a641ae2694d8858eb722339b8f492d12f5bb15e7de1b510e921300.

We are still gathering information on the issue it appears to be related to the regenerated mining fees. Please find me in IRC so I can communicate more effectively we are in the #syscoin channel.

dev you do a good job ,thanks

Some of us are with you guys!

[1714671300]

1714671300

[1714671300]

1714671300

[1714671300]

1714671300

[snipsnoop]

Update 8/16:

We are working on resolving this issue right now. Please wait. We have returned any BTC we recieved to Moolah for the time being - https://blockchain.info/tx/53b1c79d56a641ae2694d8858eb722339b8f492d12f5bb15e7de1b510e921300.

We are still gathering information on the issue it appears to be related to the regenerated mining fees. Please find me in IRC so I can communicate more effectively we are in the #syscoin channel.

dev you do a good job ,thanks

Some of us are with you guys!

Working hard guys.. This will be fixed shortly

[josephliton]

Update 8/16:

We are working on resolving this issue right now. Please wait. We have returned any BTC we recieved to Moolah for the time being - https://blockchain.info/tx/53b1c79d56a641ae2694d8858eb722339b8f492d12f5bb15e7de1b510e921300.

We are still gathering information on the issue it appears to be related to the regenerated mining fees. Please find me in IRC so I can communicate more effectively we are in the #syscoin channel.

dev you do a good job ,thanks

Some of us are with you guys!

Working hard guys.. This will be fixed shortly

You're doing great man, continue the good work!

[Yuzu]

Update 8/16:

We are working on resolving this issue right now. Please wait. We have returned any BTC we recieved to Moolah for the time being - https://blockchain.info/tx/53b1c79d56a641ae2694d8858eb722339b8f492d12f5bb15e7de1b510e921300.

We are still gathering information on the issue it appears to be related to the regenerated mining fees. Please find me in IRC so I can communicate more effectively we are in the #syscoin channel.

dev you do a good job ,thanks

Some of us are with you guys!

Working hard guys.. This will be fixed shortly

You're doing great man, continue the good work!

+1

[sofu]

Send this coint to the motherfucking moon. I believe in this 

[Reoelliott]

Thanks Dev Team, So sorry you have to put up with all the youngsters who dont have patience, !

All the adults here know that Crypto needs patience!

[sofu]

Doing great?

Really?

Launching a coin after receiving 1500BTC then going leaving it unattended for hours straight after launch while the blockchain thay is the core of your whole product crashes and burns is doing great?


 Strange definition of doing great.

Shit happens and problems occur but not monitoring your product after launch is not doing great.  It is shit project management and poor risk management

He received only 250BTC and gave it back to moolah

[discodancer]

As for "development", within this long tirade you gave - you failed to mention one thing. People choose stable codes, and are maybe nerds who are more accustomed to code than people. True! But then thumb rule for "IT project development" is you have your dev ready and available for at least 24hrs post release for debugging any issues. Thats the critical timeframe. Or do they just release and go to sleep? This is where the team fucked up.

The last thing: I am never surprised when people go on this defence after getting paid. Its rather this kind of argument which leads to most shitcoins foster in the crypto world. The so-called "dev" must be paid for his efforts even if he is incompetent to release the correct code upfront. Yep, he is working, he is working, he is.....and then disappears with the money.
I can assure you many people were ok with syscoin stating clearly that the certs might not work on launch. Its not this bs.

Respect for this. It could have been managed a lot better. Still, really hard to sleep when you're bugged out worried about code and deadlines. Hell, I went to bed after staring at the sys code for four hours last night, and I'm just an investor.

It was pointed out earlier though that A) the devs only got a portion of the ICO btc, 250 of the 1500 (the rest was still held by moolah), and B) they said they gave it all back. I'd trust their statement until I hear differently from moolah.

Well thats why you contingency plan things out. In projects I handle, we have at least two dev (even if we have teams) take care of things. One is told to go home and rest while other works on the implementation. After the implementation there is an overlap where things change hands. Considering the amount being put in, I am just finding it incredulous this dint happen. And hence my query still stands, who is being paid what within the syscoin ecoststem. What is the dev's pay and what is PR's pay? It will make couple of things clearer - a. Did we actually have a team or did we a solo man mission. If you are from IT, you will understand what kind of risk latter poses. b. If a team, why was everyone let go after implementation. As you said in the last post, real world is not same as controlled test envs. Problems should have been expected.

Trust is not only built on whether they ran away with the money or not. But also whether they can deliver and action things properly in the future. Until I hear how this fiasco came about, specially the lame excuse about dev is sleeping, its not really enticing much confidence. I would rather take refund from moolah if they are ready to. So yes, I too don't believe they ran away with the money but no there is not much confidence in project management from syscoin team.

PS: And with this they have left their coin vulnerable to dump and FUD. What is following right now is what happens when you miss "risk management" in your projects. So me or you talking and arguing or calming people is not going to help. As I said earlier, even if they fix it, there will be a huge dump from eager people who were unable to take out their coins earlier. Call it FUD, if you will but thats the truth.

[magaura]

join us...lets parttttyy XD

https://twitter.com/magaura11/status/501060447731449856


http://plug.dj/trollboxtunes/

[balu2]

how would this have played out without moolah doing the escrow? One can only guess.

[studio1one]

Doing great?

Really?

Launching a coin after receiving 1500BTC then going leaving it unattended for hours straight after launch while the blockchain thay is the core of your whole product crashes and burns is doing great?


 Strange definition of doing great.

Shit happens and problems occur but not monitoring your product after launch is not doing great.  It is shit project management and poor risk management

He received only 250BTC and gave it back to moolah

I never suggested they were scammers.  I said they are shit at project and risk management

[discodancer]

Why is bittrex market frozen?

[awais3344]

not selling for at least a week. will sell at 1k. trading is active. coin need to shift hands to go up. after the fixes. will see bigger guys here.

[eterna156]

Is it ok to send coins yet? My wallet is synced good.

[wpstudio]

Is it ok to send coins yet? My wallet is synced good.

Don't send anything anywhere... The devs are going to be hardforking once they fix the code.  Wait till the devs say to do anything.  For now... go outside and enjoy the fresh air.

[awais3344]

Is it ok to send coins yet? My wallet is synced good.

depends nodes want to pick your transaction or not lol. isent two tx together. one of 100coins confirmed. next 300k still 0 confirms.

[chrisnippz]

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

^ this does not look like something that took 8 months to develop.

I think it is time to start refunding people their IPO money in exchange for their coins.

Have you even read the code? Or you just joining the FUD bandwagon?

[jjj0923]

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

^ this does not look like something that took 8 months to develop.

I think it is time to start refunding people their IPO money in exchange for their coins.

why? they can sell it for more than they paid for it...

[sushipooo]

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

^ this does not look like something that took 8 months to develop.

I think it is time to start refunding people their IPO money in exchange for their coins.

...says the random troll

[Loreerol]

I sended my coins 5 houts ago to mintpal. It's even not showing on confirmations. Is it possible that i lost my coins?