A few things and thoughts I'd like to add to this thread. Before I begin I should mention that I'm not associated with the SysCoin team or Moolah in any way. My opinions are my own.
Moolah's exchange is very new. I think it's literally 2-3 days old, so the jury is out on whether it will be a successful exchange with high trading volumes in the future. Maybe it won't, but I expect SysCoin will be traded on other platforms soon enough, which is why this specific issue shouldn't concern people too much.
I personally haven't used Moolah for anything so far, although I have been aware of their site and services for quite some time. I've been following their progress, and generally speaking, I think that they're moving in the right direction and have a good grasp on what the altcoin scene requires and desires. I like their user interface and overall approach. Moolah is (obviously) more than just an exchange, so it's quite possible that a different part of their business will take-off and they will find their success in some "non-exchange" niche. And maybe they won't become successful, who knows...
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
With that out of the way, I think some people in this thread need to take a step back for a second.
I'm not trying to call-out (or offend) anyone in particular, but be realistic with your expectations.
There are of course many legitimate and interesting questions being asked. However, everyone needs to remember that we're talking about a start-up company. It takes time to build a brand, gain recognition, become a trusted service provider, etc.
How long has it taken Bitcoin to be accepted by mainstream merchants? Bitcoin opened a door that will make it much easier for those that follow, but even Bitcoin has a lot of work to do before it becomes widely used/accepted.
On that note, when it comes to investing in start-up companies, at least as far as I'm concerned, there are two main things to take into consideration.
1. Do you believe in the product?
I think the answer to this question is pretty straightforward. We're all participating in this thread and forum because we clearly see the potential that cryptocurrencies and block-chain applications have. Whether or not SysCoin will be successful at marketing and selling their product is an entirely different question. That's why investing in start-up companies is a risky business.
2. Do you believe in the people involved?
This is perhaps the most important question. These type of ventures require a number of people with a range of different skills. From where I'm sitting, it definitely seems like the SysCoin team is well-rounded, professional, and meticulous.
Now, if these two boxes are ticked then it's really just a matter of calculating whether or not you (as an investor) are getting an equitable deal, and whether you believe there's a good enough chance you will get a decent return on your investment. Period.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Final Note:
Never invest/risk money than you can't afford to lose.
