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

[Cointang]

So where is the 1% Premine Address?

original premine address: http://sys.coinzone.info/address/SdT4LVg8BFXfcK6VQP1ALVpk4Wp62YHSAW

which was sent to exchange for quick dump if necessary

new exchange premine address: http://sys.coinzone.info/address/STqv5wokEnanoedaXY9ihAtvM9ppKhyici

as you can see the devs have moved the premine for some 'unknown' reason. seems legit. and its not 1% its 16.3% ~59million syscoin

if you think this is FUD, do research

Is this true? On top of the ipo there is an additional 16.3%?

dont take my word for it. calculate it, its simple maths. the premine is 16.3% of the current supply. they also own a further 15% ontop of the 16.3%, which was purchased through buy walls (250btc) on mintpal, moolah also was allowed to exceed the max buy of 25btc per investor, and has brought 120btc worth, as confirmed by his twitter. so all in all, between  syscoin and moolah, they own over 50% of syscoins, and an additional 1500bitcoins from us investors. seems everyones loaded, except the investors.

Of course they gave the 250 btc back, it's peanuts!!!! Wow

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[sdersdf2]

We all know that devs don't have their money yet. But promise of 518 satoshi exit wall is one thing that could do miracles for this coin.

Not sure, but it could also be seen by the market as a vote of confidence in their ability to get their act together and in the future of the coin.

[Bitcycle]

Wow, I figured this launch was overhyped, but I never dreamed that 4 days later they wouldn't have a working wallet. A much bigger mess than I expected.

[thetruth123123]

ICO investors are screaming - refund us!
Those who investedlater + pumpers and dumpers are screaming - no refunds!

WTF are you talking about?!?!?   


@devs & Moolah

ENOUGH...  you need to make arrangements so that ICO investors can be able to formally request their funds to be released from escrow...  I AM NOT INTERESTED IN A REFUND...  I WANT MOOLAH TO RELEASE MY FUNDS TO THE DEVS.

No one cares what you want, the majority wants a refund.

[fox19891989]

https://bitcointalk.org/index.php?action=profile;u=357232

Here is Moolah CEO slex's profile, u guys who wanna get a refund plz send him PMs, let him know the serious questions.

[varun555]

How much time left for the 48 hour deadline?

[thetruth123123]

Moolah can't even act neutral, they're one of the biggest SYS holders.

[fox19891989]

How much time left for the 48 hour deadline?

18:00 GMT 20th, so about 6 hours left

[Jedelqu]

ICO investors are screaming - refund us!
Those who investedlater + pumpers and dumpers are screaming - no refunds!

WTF are you talking about?!?!?  


@devs & Moolah

ENOUGH...  you need to make arrangements so that ICO presale investors can be able to formally request their funds to be released from escrow...  I AM NOT INTERESTED IN A REFUND...  I WANT MOOLAH TO RELEASE MY FUNDS TO THE DEVS.

Here comes a NXT supporter who is also a scammer who already dumped his coins and now opposing a refund.This scammer has 7 puppets ,already fudding this thread .now showing sympathy foe Syscoin.Syscoin team should realise that NXT share holder like smaragda always invest into ipo then dump to kill the coin.

[awais3344]

i think that refunding everyone is impossible. some want refund. some dont. at this point. i think the best way to refund people would be to create buy walls at ico price. so that all of the cry in this thread will stop. without that cry will continue and the price will never move at all.
developers must understand that there is load of fud. but there is legit users who purchased a coin with so many problems to start with. reimburse those investors and we might see this coin prosper once more. otherwise you can refund everyone. there is no third way.

[fox19891989]

Moolah can't even act neutral, they're one of the biggest SYS holders.

In the future, when ppl get the refund, Mintpal/Moolah can pump to da moon, Mintpal/Moolah can earn a lot of money.

[MantisCoinDev]

So where is the 1% Premine Address?

original premine address: http://sys.coinzone.info/address/SdT4LVg8BFXfcK6VQP1ALVpk4Wp62YHSAW

which was sent to exchange for quick dump if necessary

new exchange premine address: http://sys.coinzone.info/address/STqv5wokEnanoedaXY9ihAtvM9ppKhyici

as you can see the devs have moved the premine for some 'unknown' reason. seems legit. and its not 1% its 16.3% ~59million syscoin

if you think this is FUD, do research

Is this true? On top of the ipo there is an additional 16.3%?

dont take my word for it. calculate it, its simple maths. the premine is 16.3% of the current supply. they also own a further 15% ontop of the 16.3%, which was purchased through buy walls (250btc) on mintpal, moolah also was allowed to exceed the max buy of 25btc per investor, and has brought 120btc worth, as confirmed by his twitter. so all in all, between  syscoin and moolah, they own over 50% of syscoins, and an additional 1500bitcoins from us investors. seems everyones loaded, except the investors.

Of course they gave the 250 btc back, it's peanuts!!!! Wow

peanuts wouldnt describe it, but hold up, this is kind of a plus for investors with the dev+moolah owning over 50% of syscoin supply, this means if they dont dump, syscoin will never go below 200sat

[Bitcycle]

I can't figure out whether to buy, so I'm just sitting it out for now.

At this point, I don't expect them to deliver what was promised in the OP for ICO delivery. However, it may be that they deliver something that allows Moolah to get away with calling it "good enough".


But either way, I don't know what will happen with the price.  If they deliver something "good enough" to have the btc released, people might mass dump because they realize no buyback is coming. Or they may buy because there's something "good enough".

If they fail to deliver anything that can even be stretched to be called "good enough", which is possible, again, the price could go up or down based on how the refund of the remaining btc will be processed.

Even in the best case, I don't see the price running away upward, though, so I'll sit it out for now.

[open82buy]

Wow, I figured this launch was overhyped, but I never dreamed that 4 days later they wouldn't have a working wallet. A much bigger mess than I expected.

+1  I don't even have access to my coins yet.  I downloaded the second window wallet and added nodes all to no avail.

[Skydog]

Syscoin offer a 100% refund on failure to deliver of it's promised 5 core-features (escrow thru Moolah).

Oops. Top job moolah.

Now moolah claims there was hidden terms and conditions claiming they were allowed to fail and then slowly fix it. Moolah/slex pure scum.

I think this is really simple.

ICO investors are screaming - refund us!
Those who investedlater + pumpers and dumpers are screaming - no refunds!

The question is: which group is more important to developers of this coin?

I personally think that definitely terms of ICO were not met. I've lost on this coin but I am willing to accept it (however I am sad that I as a true believer in this coin have much worse entry polsition than pumpers and dumpers).

Once again I recomment the 518 buy wall solution. I personally would not dump into this wall and I guess many other ICO investors also would not. Some people would though, but it is good, since everyon would get what they want. I bet devs  wouldstay with more than 1000 BTC (which is enough for decent development) and all the FUD would end.

I agree that argument "you could sell for 1000 satoshi" brought in by one of the developers is invalid. Only few people were able to sell coins back then and also why would you want to reward people who dropped your coin.

We all know that devs don't have their money yet. But promise of 518 satoshi exit wall is one thing that could do miracles for this coin.

Pretty much this. I am holding sys and I am not going to sell it at this point. But would get rid of all the panicy people here who went all in on this coin and now shitting their pants.

[Cointang]

Can't see how you can be a vested escrow service when your heavily invested with on side of deal...

 https://twitter.com/moolah_io/status/501022140230299648 I would give syscoin additional time too if it meant protecting my investment

[thetruth123123]

Wow, I figured this launch was overhyped, but I never dreamed that 4 days later they wouldn't have a working wallet. A much bigger mess than I expected.

+1  I don't even have access to my coins yet.  I downloaded the second window wallet and added nodes all to no avail.

It will be a disaster for Moolah if they actually give the Bitcoin to the Devs.

[MantisCoinDev]

if i was devs right now id just dump my 59mill coins they own - 16.3% premine and go into hiding with the 266btc it amounts to

oh and id also dump the other 40mill coins they own in which they brought with the 250btc buy walls, another 200btc

~easy 466BTC you could hide quite easily with that decent amount of cash.

my serious question is, if the max investor amount was 250btc, why was slex/moolah able to buy 140btc worth? wasnt the whole idea of max 25btc to protect investors against whales holding large amounts of sys?

proof moolah owns 140btc worth: https://twitter.com/moolah_io/status/501022140230299648


theres some sneaky shit going on here.

[pigheadbig]

so ,
anyone can tell me if the dev can't make the project move smooth, will the Moolah buy back all the syscoins sold ?
if so, why the price is below the IPO price.
where is the buy wall.

[thetruth123123]

How could Moolah even buy Syscoin worth 140 Bitcoin when only 25 Bitcoin was allowed?