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

[whale123]

Great! We can move forward now!

[Sysbuster]

Syscoin is a good coin .Check:

https://bitcointalk.org/index.php?topic=746380.new#new

[profitofthegods]

Finally things are sorted and we can put all the nonsense behind us, good job guys. Also, very happy indeed with this from Moolah:

Clause 1
Staggered release of funds.

The escrowed funds will not be released in full. They will be released in 6 monthly payments. The first payment will be for 250 BTC once this agreement is made formal, and then there will be an additional 200 BTC released each month for the next five months. At the end of this period, the Syscoin accrued during the early buy walls, will also be released. Release each month will be subject to the developers actively working on the coin, and making good progress in any necessary areas (to be determined on a monthly basis).

Clause 2
Moolah to support developers.

Moopay LTD will provide the Syscoin development team with access to our team of developers, for assistance with development issues, for a period of 6 months. Help will be given on a best-effort basis, with priority help granted for urgent issues.

Clause 3
Moolah to guarantee continued development.

If the developers decide to bail in full, and abandon development of the coin before this agreement is up; then Moopay LTD will supply a minimum of 3 developers to continue work on the coin - until the end of the agreement window. Moopay LTD will then continue to supply developers until adequate external contributors can be found. Moopay LTD will guarantee priority 24/7 response to urgent issues, and best-effort response to all other cases. This includes fixing broken services, the QT wallet, and blockchain issues. We will also seek to expand upon the coin when there are no issues. Moopay LTD will also always make a developer available for urgent issues, regardless of contributor state, for a minimum of 18 months from the time this agreement is made formal.

Our (now expanded) development team has experiencing in working for Microsoft, Citigroup, Telefonica and more - and each and every member has substantial experience in crypto development (including daemon and reference client work).

[kencoles]

Feeling relaxed and happy Now.Alex hope you will add syscoin in your future ATM machine.  

Alex always wanted to make Bitcoin ATMs ,I am sure if it happens then Syscoin will be there.

[Yuzu]

I wonder if one of the devs would be kind enough to pin the agreement at the beginning of this thread?  Otherwise questions will be asked about it again and again (and again and again).

[awais3344]

shit. here i sell my coins at a loss and here comes the good news.

well. shit happens. anyways. i bought back at 500. hopefully can go ahead now without the problems. to somewhere like 1k satoshis

[kencoles]

DEV UPDATE:

- We have fixed the requires issues and pools are updating now.

- We are agreeable to Moolah's terms and will be releasing a more detailed statement later today.

- We are building the new wallets now. THEY ARE NOT YET AVAILABLE FOR DOWNLOAD.

You can pull from git master branch if you know how to build yourself. Latest version if 0.1.3, no fork required.

Thank you for the update.

[ice_mint]

Hello, I'm having some problems with my wallet.dat.

I had withraw the money from the moolah to my old wallet.
I made a copy of  my wallet.dat, now I try to import it in a new wallet but I've got an error.

The error is: CDB() : can't open database file wallet.dat, error -30974
I saw this error is common in different clients, but I don't know how syscoin solve this.
I've tried to sync adding the  -salvagewallet command but this doesn't work.
Any solution to recover this?

[btcney]

Somewhere down the line, the Syscoin "dev" (lol) team is going to find themselves in a nice conference room, staring at a contract, wondering how they've just been dropped out of their own coin without anything to show for it.  It'll be like that scene in The Social Network.

A well-played takeover, though.

what does that mean
i dont get it

[josephliton]

DEV UPDATE:

- We have fixed the requires issues and pools are updating now.

- We are agreeable to Moolah's terms and will be releasing a more detailed statement later today.

- We are building the new wallets now. THEY ARE NOT YET AVAILABLE FOR DOWNLOAD.

You can pull from git master branch if you know how to build yourself. Latest version if 0.1.3, no fork required.

Nice Job.

[kencoles]

Hey Guys I am just buying some sys only 3 btc .

[Bigcabrito]

Great news, Moolah backing up the coin. It displays confidence in Syscoin's development team. 

[Yuzu]

Somewhere down the line, the Syscoin "dev" (lol) team is going to find themselves in a nice conference room, staring at a contract, wondering how they've just been dropped out of their own coin without anything to show for it.  It'll be like that scene in The Social Network.

A well-played takeover, though.

what does that mean
i dont get it

Bitcycle is saying that the devs of Syscoin probably did not expect Moolah to take such an active role in the development of the coin.  They probably just wanted Moolah to act as an escrow service, but Moolah, to protect their interests undoubtedly, has taken a further step into coin management.

[sdersdf2]

While the launch of the coin was fraught with issues, the coin still launched. It worked at first, albeit erratically - and before the blockchain and daemon encountered severe issues, was in a usable state.

This remains the most ludicrous possible interpretation of "worked".  A cryptocurrency with a broken blockchain is a not a working cryptocurrency.  The funds should have been returned in very short order.

Yeah, this part is nonsense. Where's the empirical proof - what percentage of addresses were able to get their coins and transfer to different addresses and when?
Just look at the thread history and the blockchain.

Clause 3
Moolah to guarantee continued development.

If the developers decide to bail in full, and abandon development of the coin before this agreement is up; then Moopay LTD will supply a minimum of 3 developers to continue work on the coin - until the end of the agreement window. Moopay LTD will then continue to supply developers until adequate external contributors can be found. Moopay LTD will guarantee priority 24/7 response to urgent issues, and best-effort response to all other cases. This includes fixing broken services, the QT wallet, and blockchain issues. We will also seek to expand upon the coin when there are no issues. Moopay LTD will also always make a developer available for urgent issues, regardless of contributor state, for a minimum of 18 months from the time this agreement is made formal.

Our (now expanded) development team has experiencing in working for Microsoft, Citigroup, Telefonica and more - and each and every member has substantial experience in crypto development (including daemon and reference client work).

Ah.  Now we get down to it.

Welcome to MoolahCoin.

Now it ALL makes sense, doesn't it?

Yes, it does. Market is starting to value this as MoolahCoin, not Syscoin. As far as I'm concerned, the sooner Moolah fully takes over, the better. With escrow release tied to sustained performance, this obliterates the biggest worry many had about release of the escrow.

This agreement should be pinned to the OP so more people are aware that the dev team has effectively changed for the better.

[mig5000]

I think this agreement is very good for the investors actually. The only coin you are sure the dev team (4-6 people) are going to work their ass off to get paid.

Pretty good imo. Not so good for the dev if they wanted a quick pay day tho, but very good for investors.

All ICO/IPO should be like this !

[btcney]

Somewhere down the line, the Syscoin "dev" (lol) team is going to find themselves in a nice conference room, staring at a contract, wondering how they've just been dropped out of their own coin without anything to show for it.  It'll be like that scene in The Social Network.

A well-played takeover, though.

what does that mean
i dont get it

Bitcycle is saying that the devs of Syscoin probably did not expect Moolah to take such an active role in the development of the coin.  They probably just wanted Moolah to act as an escrow service, but Moolah, to protect their interests undoubtedly, has taken a further step into coin management.

like
moolah has the bitcoin and makes the rules?
ok

[mig5000]

This agreement should be pinned to the OP so more people are aware that the dev team has effectively changed for the better.

This really. This is big for investors. 6 Month worth of Escrow. No coin has this. No bail out on false promises.

[Vampiro4L]

Very good and professional response given the circumstances. Kudos

[jackyrozario]

Feeling relaxed and happy Now.Alex hope you will add syscoin in your future ATM machine.  

Alex always wanted to make Bitcoin ATMs ,I am sure if it happens then Syscoin will be there.

Don't forget he already owned mintpal and it was not free.He invested around 1700 btc and 39000 USD to acquire mintpal.He is not a poor man.Mintpal was in trouble for hacking purposes for which they wanted bail out.

[makemeapancake]

This is why I love weak hands and FUDDERS.

THANKS FOR THE CHEAP COINS YA FREAKIN' DUMMIES! TO DA MOON!