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

[sushipooo]

Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, <//////////>~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.

[1714673053]

1714673053

[slex]

You gotta be kidding me another fork? I'm out of here. Avoid scam coins.

lol you are stupid.  Another Noob member shouting scam?  For what, a fork?  Anyone remember the saying "shit happens", it also applies here.  Get over yourselves, geezus.

They got their paycheck and now bailing out 250each. Slowly selling btc.

Given they do not have the coins, kind of hard for them to bail out.

[HjalmarX]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

[sushipooo]

As crypto Venture Capitalists,  you also assume the risks.  Much money was invested into winners like Google and Amazon.  There were also a lot of investors for Pets.com and Myspace.  

What I'm trying to say is, don't mortgage your house on a hunch.  Now to everyone who is ok with what they have been losing so far and are holding, they will profit later down the road or are doing so right now.  

Sure, but it doesn't change the fact that devs fucked the thing up

You are right, they fucked up big.  But that's how the dice was rolled.

[newbie123456789]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

[slex]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

The funds are currently held by Moopay LTD (08920347). Mailing address is 1st Floor, 2 Woodberry Grove, London, N12 0DR. We use an office service due to the fact that our employees (roughly 15 of them) are spread out all over the place.

We are the escrow provider, and are currently in the mediation/arbitration window. If you feel there has been a breach that merits a lawsuit thus far, then please have your attorney contact us via registered post.

[n00bnoxious]

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.

I agree with everything you've said so far sushi. People need to take off their tinfoil hats, organise themselves and prepare to be part of a gigantic project. Having worked directly with VCs IRL, they fully understand they may have to reinvest and double down before the project even vaguely gets off the ground and makes them any money. Crypto investors are the scummy beggars of the investment world.

[slex]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

File a lawsuit against Dan and the others

That would be a waste of time and money, and no lawyer would take the case on. You have no case against the Syscoin team from a legal perspective, the funds you invested are currently held in escrow with a verifiable 3rd party - and that 3rd party has moved to the mediation/arbitration stage of the escrow process.

Should the Syscoin team fail to make significant verifiable progress, including a fix of the major issues, then Moopay LTD will begin the refund process.

[Pizpie]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

As you post with that account name.

[masternode]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

The funds are currently held by Moopay LTD (08920347). Mailing address is 1st Floor, 2 Woodberry Grove, London, N12 0DR. We use an office service due to the fact that our employees (roughly 15 of them) are spread out all over the place.

We are the escrow provider, and are currently in the mediation/arbitration window. If you feel there has been a breach that merits a lawsuit thus far, then please have your attorney contact us via registered post.

Well done in selecting who to escrow Moolah.  This looks like a real clusterfuck.

[Strugg]

Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours? 

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, <//////////>~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.

Man, seriously don't throw me shit here with some "REAL VC investors" (lol). I'm not talking about profits, not talking about overnight richness. I'm just telling You  that devs FUCKED UP the launch, so people has every freakin' right to be worried/angry.

[mem_co]

I don't want to spread FUD. But I have to say: this start is a fail of the year.

[newbie123456789]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

As you post with that account name.

What the fuck is that for an argument?
I was just stating the truth.

[tuto]

We have all their names and we can probably find their addresses.

Let's file a lawsuit because this is bullshit. We expected professionals, but these are amateurs. What is a coding genius....only one of them can code.

Funny thing is also that their lead coder is anonymous.

File a lawsuit against Dan and the others

That would be a waste of time and money, and no lawyer would take the case on. You have no case against the Syscoin team from a legal perspective, the funds you invested are currently held in escrow with a verifiable 3rd party - and that 3rd party has moved to the mediation/arbitration stage of the escrow process.

Should the Syscoin team fail to make significant verifiable progress, including a fix of the major issues, then Moopay LTD will begin the refund process.

Thats very good news Slex. Glad Moolah are the Escrows here, like someone said before, you get a +1 whichever way this plays out really, you are doing a good job.

One Tip - Don't feed the trolls

[kingscrown]

guys relax. either devs will fix or moolah gives u cash back. there is no way to loose here anything only to stay at same level you were or to get more when SYS comes working

[raiuk]

guys relax. either devs will fix or moolah gives u cash back. there is no way to loose here anything only to stay at same level you were or to get more when SYS comes working

yeah dev will fix everyone dumps and you lost all your investment due to the dev fucking up i feel you

[CryptoPinkman]

so... my question apparently got lost in the lawsuit discussion. Lets try again....

For those of us that had a transaction in progress before all this and had our SYS "trapped in transit" on the blockchain, will we be getting our coins back and how will we go about this? I had 9k SYS in transit from Bittrex to C-Cex that never arrived. How will these situations be addressed?

[awais3344]

so... my question apparently got lost in the lawsuit discussion. Lets try again....

For those of us that had a transaction in progress before all this and had our SYS "trapped in transit" on the blockchain, will we be getting our coins back and how will we go about this? I had 9k SYS in transit from Bittrex to C-Cex that never arrived. How will these situations be addressed?

i also have the same problem. and i have 300k stuck

[youngmike]

I don't want to spread FUD. But I have to say: this start is a fail of the year.

If you wanna say something at least say something new. Repeating same bullshit over and over again is just spam. Last 100 pages.

[sushipooo]

Our agreement was in relation to an "all or nothing" scenario.

Either the developers release a working platform and get the coins, or they don't and investors get refunded. We have now moved in to the arbitration window of our agreement, and have imposed a 48 hour deadline to resolve the current problems. Had they released nothing before now, they would not have this window, the agreement would have been voided before now. The issues occurred after launch, and that is why they have an extension.

What if the people asking for refunds are less than the ones willing to wait for the devs to resolve issues past the 48 hours?  

In that scenario, we would have to seek legal counsel (and are planning to do so tomorrow) to see if the agreement can be amended while active, to allow for a partial refund policy based on investor demand.

Just burn the refunded coins in that situation.  That would bring the coin back to life fast.

but but

Dan Wasyluk
danosphere
Team Manager & Coding Genius

Coding Genius, not Coding GOD.  He might be able to code well (and even the best will have issues), but it does not mean he can see into the future.  Just relax, <//////////>~ puff on one of these and chill.  Some of you are so uptight.

Well, They're uptight becouse this coin had a really big IPO. When someone pays in advance he wants to get the planned product. Simple as that.

You think REAL VC investors are looking for a one day doubling of their money on Real Life companies? ROFL you tarded.

Man, seriously don't throw me shit here with some "REAL VC investors" (lol). I'm not talking about profits, not talking about overnight richness. I'm just telling You  that devs FUCKED UP the launch, so people has every freakin' right to be worried/angry.

What you are doing is stroking the flames and destroying the value of the investments people have made.  Real investors don't shit on their own brand, they pump it up, Keep Quite, or at the MINIMUM pretend like they believe in the goals to profit down the road.  lol like I said tarded.