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

[yampi]

Great concept, horrible algorithm choice.

scrypt is king, what u talking bout

It's summer, what are YOU talking about?
Scrypt is dominated by asics.
An easily mined but low reward altcoin is always better than a scrypt coin with high rewards giving coins to the asic farms.

[1714819601]

1714819601

[1714819601]

1714819601

[cwb27]

Great concept, horrible algorithm choice.

scrypt is king, what u talking bout

It's summer, what are YOU talking about?
Scrypt is dominated by asics.
An easily mined but low reward altcoin is always better than a scrypt coin with high rewards giving coins to the asic farms.

hmm u might be right. centralization of mining to several asics who do not care about innovation only money may be trouble

[cryptobanks]

How big will the blockchain be?

[Neo.op]

Fair point re: scrypt ASICs, and yeah who knows what will happen when Syscoin hits the market. I have seen a lot of press about BitHalo recently and smart contracts. Syscoin implements smart contracts just without adding a "new protocol" (or at least without calling it a new protocol). I haven't been able to see their code at all so no idea what is really going on under the hood, but Syscoin does much of what they claim to offer already. Clearly a video is the way to get people "crazed" about this as I'm seeing with BitHalo so I'm trying to put together an end-to-end demo video ASAP alongside all the other logistics we're working out. Would love to put out a beta as well but we're really focused on getting this coin launched, beta stuff just slow that down but if we feel the need for more testing by means of a beta, we'll do so.

The Syscoin presale is very straightforward- you pay XX BTC and based on the phase of the presale (early bird/regular) that equates to XX Syscoin @ a price of XX BTC/SYS. No shady tactics, no odd shares, you buy what you want. You receive exactly that amount of Syscoin once the coin launches on the heels of the presale closing.  We definitely aren't doing a share based, 1 turns into 2 type of tactic, I agree that's pretty low.

Just waiting for our partner to reply to us before making this news I've got sitting on my desk public

I wouldnt really worry about BitHalo; specially if you have implemented the core features correctly. To me it looks like they are attempting too many things and might turn out to be a vapourware.

That said, I am curious on how Syscoin allows one to write "smart contracts". The whole thing being implemented in ethereum with all its programming language looks painful at best.

[cwb27]

how big of scope are you hoping for this project....is this a maidsafe, ethereum, bitshare term of goal

reason y i asking is what if some dont have our vision, what if funding not what expected

[HjalmarX]

how big of scope are you hoping for this project....is this a maidsafe, ethereum, bitshare term of goal

reason y i asking is what if some dont have our vision, what if funding not what expected

Great work on being transparent with the project and keeping up with communication and answering questions, Danosphere.

I just wanted to confirm something that I think cwb27 is asking that I want to know too.

What if the funding falls short on the target during the three week time frame?

If we are set out to raise 5000 BTC, but only 250 BTC are donated in the 3 weeks, will we know what will happen before we donate? Burning the unsold will change the funding distribution as outlined previously. Contingency plan?

[S3MKi]

want Anon136 for escrow

[1211]

This thread is old.

[jdebunt]

As requested here is my article on SysCoin :

http://www.cryptoarticles.com/crypto-news/business-on-the-blockchain-syscoin-pre-sale-starts-soon

Hope you can share it on social media etc

[Yuzu]

Following.

[tk808]

http://www.coinssource.com/syscoin-building-the-blockchain/

[cwb27]

I am so excited, once we see a video of the proposed feature, then people will understand how exciting this technology is.

[CoinCalendar]

Great News!

http://freeimghosting.co.uk/images/9zmr9l5x4eiz6ky097sk.png
NOW ADDED TO COIN CALENDAR.NET - Good luck with your Coin!

[S3MKi]

Can u make escrow like crypti by Bter?

[tobeaj2mer01]

Can u make escrow like crypti by Bter?

Sir, there are a lot of dumpers in bter, they know nothing except dumping and leaving, do you think it's good for a long-term project?!

[schnötzel]

http://www.coinssource.com/syscoin-building-the-blockchain/

Nice article! Thanks

Can u make escrow like crypti by Bter?

hope not

[snipsnoop]

Can u make escrow like crypti by Bter?

Thanks you for your interest, we will announce escrow details within the next couple of days.
Just making the final adjustments to the agreement and then we will let you know the full details here.

[tobeaj2mer01]

Crypti's DEVs are just for money not tech innovation, below words are from a senior developer in other project but he knows crypti, I don't think syscoin is a coin as crypti.

In the thread we are discussing rudimentary simple design decisions and things which have been done incorrectly, really basic stuff like having https on a web wallet,  how to store a long passphrase without cookies, and how to use public key cryptography (on which crypto coins are built!).

[charitybegin123]

Crypti's DEVs are just for money not tech innovation, below words are from a senior developer in other project but he knows crypti, I don't think syscoin is a coin as crypti.

In the thread we are discussing rudimentary simple design decisions and things which have been done incorrectly, really basic stuff like having https on a web wallet,  how to store a long passphrase without cookies, and how to use public key cryptography (on which crypto coins are built!).

+1

[cwb27]

So who is investing 25 Btc