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

[KonstantinosM]

running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation

The math you're running is faulty.

Show me your calculations and I'll show you a back of the envelope calculation that disproves your premise.


Your argument:

Premise 1: The IPO price point will get syscoin to the top 10 in terms of market cap.

Conclusion 1: The developers are greedy

Not only is this a faulty argument, but if

the 1500 BTC worth of pre-sale

is 15% then 100% equals a market cap of: 0.15x = 1500   x= 10000 BTC

which is a top 14.

Top 14 Does not equal Top 10.

 

Its not even top 14 at launch it would currently be 35th, he is talking about the market cap at launch which is only roughly $1,160,000 at ipo price assuming all of the presale sells, after 60 days of mining it will still only be roughly $1,350,000 at ipo price, if the presale doesnt sell out it will be even less.

I dont know why everyone is valuating this coin as if all 2 billion coins will be generated at launch

It's basically dumb fuck math.

If you used the same math on VIAcoin before launch you would of had a valuation of about 6 million dollars....if you include all the coins that are intended to be mined, yet right now it gives 400% of original IPO price.....how can this be!!!!!!! omg!!!!!111!!!!!!!!

Oh yeah it's dumb fuck math

I agree that my calculation is of no real use to investors.

It is a back of the envelope calculation.

I can't stress that enough.


Since I can't predict the future I should only calculate the Cap after a week or a month at most, and then be horribly wrong when that date arrives.

We can't know the price of BTC at launch.

I just wanted to call out the other guy for faulty calculations. These facts help my case.

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[jibble]

running the math on this, the IPO price point is expensive and quite frankly a little greedy. A top 10 market cap basically before launch? That's an awfully optimistic valuation

The math you're running is faulty.

Show me your calculations and I'll show you a back of the envelope calculation that disproves your premise.


Your argument:

Premise 1: The IPO price point will get syscoin to the top 10 in terms of market cap.

Conclusion 1: The developers are greedy

Not only is this a faulty argument, but if

the 1500 BTC worth of pre-sale

is 15% then 100% equals a market cap of: 0.15x = 1500   x= 10000 BTC

which is a top 14.

Top 14 Does not equal Top 10.

 

Its not even top 14 at launch it would currently be 35th, he is talking about the market cap at launch which is only roughly $1,160,000 at ipo price assuming all of the presale sells, after 60 days of mining it will still only be roughly $1,350,000 at ipo price, if the presale doesnt sell out it will be even less.

I dont know why everyone is valuating this coin as if all 2 billion coins will be generated at launch

It's basically dumb fuck math.

If you used the same math on VIAcoin before launch you would of had a valuation of about 6 million dollars....if you include all the coins that are intended to be mined, yet right now it gives 400% of original IPO price.....how can this be!!!!!!! omg!!!!!111!!!!!!!!

Oh yeah it's dumb fuck math

I agree that my calculation is of no real use to investors.

It is a back of the envelope calculation.

I can't stress that enough.


Since I can't predict the future I should only calculate the Cap after a week or a month at most, and then be horribly wrong when that date arrives.

We can't know the price of BTC at launch.

I just wanted to call out the other guy for faulty calculations. These facts help my case.

i was agreeing with ya and just explaining the way they calculate the total amount of coins to be mined ever in their calculations of perceived marketcap

[fastminer]

i bet ya they already have some corporations involved. i just want to sell because it is a while until launch. people will buy close to the launch or if the coins are being sucked up. it would be awesome if dev released one key feature that would help

[notsofast]

It seems like more than a few people messed up their exact BTC amount order while sending to the one-shot presale address (due to fee deductions).

Some clear instructions on how to complete or annul the transaction would be helpful to solve these cases, especially as these mis-sent funds will be tied up for a month.

Do we "top up" the presale order by sending a second transaction to the investment address in the amount the original transaction was short? (Even though it's instructed to send only one transaction per presale address?) What if we sent too much and can't make up the discrepancy by a second transaction?

Do we request a refund so we can try again? What channel should we use for this?

[jdebunt]

Very tempted to invest in the pre-sale but the financial situation doesn't allow it at the moment....

But I wrote an article about it!

http://www.cryptoarticles.com/crypto-news/syscoin-pre-sale-is-live-physical-rewards-unveiled

[triplef]

almost got in this ipo when i realized the fud and over valuation as kevin oleary would say... pass.

but for god sakes you fuc..ng idiots that buy ipo, presale on a coin launching on august and want to dump your presale stock Before its on stock exchanges ?

fuc,..ing noobs no wonder the alt market is crashing, to many wannabees trying to make a quick buck  not even understanding basic economy.

and these have 300+ posts and sr members may i add..... not looking good.

i even read... i wanna sell my investment now !,hmmm investing... lets see the wiki of that word
http://en.wikipedia.org/wiki/Investment

=====================
Investment is time, energy, or matter spent in the hope of future benefits actualized within a specified date or time frame

In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings. This may or may not be backed by research and analysis. Most or all forms of investment involve some form of risk, such as investment in equities, property, and even fixed interest securities which are subject, among other things, to inflation risk. It is indispensable for project investors to identify and manage the risks related to the investment.
======================

now answer this, how is it investing bying IPO pre stock market and want to cash in BEFORE its even Launched ?

also why you frigging dumpers would want to dump Before this hits 2.3k satos is weird... as its the new height these days. 2/3k satos till a pnd and then burned to the ground and recycle.

as i said ill pass, as im pasing with ALL new coins till the crowd is thinned and alt`s go back in the back room shadows as it was before, to many wales, to many ( devs ? most are just search replace compile...thats not devs) at least this is something new.. ( well not really since bithalo and Darkhalo does just that...)


anyway good luck to all weak hands here

[Primitive]

can the devs please clarify -

are the devs getting 2% of coins, or 3%?

[Len]

i believe 2% for devs 1% for bounties etc.

8 BTC (7.6 BTC) a day would only be for the first 15 days, after that it is 3.8 BTC a day for the next 45 days and then it reduces even more, anyone who thinks that is a problem needs to re-evaluate

[Soul_eater_123]

I think the whole IPO phase is far too long.  There is no urgency and that in itself might prevent the 1500BTC target being reached.  Add this to the fact that it delays launch by several weeks and there is a possibility that it could result in an additional loss of momentum on SYS.  The crypto-community moves very fast and with hindsight such a long time for raising funding was a bad idea.

[fastminer]

i believe 2% for devs 1% for bounties etc.

8 BTC (7.6 BTC) a day would only be for the first 15 days, after that it is 3.8 BTC a day for the next 45 days and then it reduces even more, anyone who thinks that is a problem needs to re-evaluate

+1

[fastminer]

I think the whole IPO phase is far too long.  There is no urgency and that in itself might prevent the 1500BTC target being reached.  Add this to the fact that it delays launch by several weeks and there is a possibility that it could result in an additional loss of momentum on SYS.  The crypto-community moves very fast and with hindsight such a long time for raising funding was a bad idea.

me too i'm thinking the same. 4 weeks can kill momentum. as we nearer it the target will be reached much faster. i expect the first target to be reached easily, the second near launch, dev did say, he will launch early if he could if target met

[danosphere]

devs are not just gonna release the features and that is it,things will move at a fast pace here.

4 features already ready and in heavy testing. 2 new/enhancement features being discussed during team technical meeting in ~3hrs. Several additional features and direct platform-partner integrations in the pipeline as well. We aren't sitting on our hands even though we're already ahead of the game with the initial feature set.

[leetrump]

 If regular phases does not sell out on August 16th ,How to distribute unsold Syscoin ？

[jibble]

devs are not just gonna release the features and that is it,things will move at a fast pace here.

And i totally agree, but what i personally feel and what is objective assessment of an IPO coin with what quite a few people see as being over valued i would rather express objective data and not my own personal feelings on the matter as they are far more biased.

Any crypto currency is a risk

everyone uses their own credentials to assess the viability of crypto currencies, that is the exact reason why some people are interested in investing and some are not, their own individual way of assessing this crypto has given different results.

Some of the assessments of this crypto have been far out wildly  bullshit valuations of the currency, we can get objective data using the mathematics they used for the assessment , which shows their assessment is a illogical assumption, but also stating yes this coin will definitely get this and do this and do that and reach this is equally illogical and based purely on the feelings of the persons comment in regards to said coin

.

[louiseth1]

I really like the looks of this coin.

Suchpool will be there for the PoW period!

[triplef]

taking back what i said about passing ill buy a bit to see how this goes, i believe that this is the first coin with REAL work behind it since dark coin.....

[Len]

The presale seems to be stuck at around 148 BTC for a while now.  The early bird phase should have been sold out by now.  I think more promotion/social media is required.

The less people buy the more better for investors, lower coins at launch = higher value

[fastminer]

taking back what i said about passing ill buy a bit to see how this goes, i believe that this is the first coin with REAL work behind it since dark coin.....

+1

[GTO911]

The less people buy the more better for investors, lower coins at launch = higher value

How? isnt the IPO price fixed?

[Len]

The less people buy the more better for investors, lower coins at launch = higher value

How? isnt the IPO price fixed?

yes the price is fixed but  if only say 400 BTC worth gets sold it will give it a market cap of 80,000,000x0.00000518 (disregarding 3% for devs etc) instead of 300,000,000x0.00000518
EDIT: dumb moment