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

[Pmalek]

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

Wait, so you're raising $900,000 and you're going to part-time this? You're keeping your day jobs?

So they should quit their jobs and commit themselfs 24/7 to Syscoin ?! The money they are raising should be spent on promoting the coin, not paying food/rent for developers LOL Please keep the jobs you have guys...

[1714865984]

1714865984

[1714865984]

1714865984

[1714865984]

1714865984

[1714865984]

1714865984

[1714865984]

1714865984

[whale123]

Hi, I am trully impressed with this coin. As Danosphere (and perhaps other devs) probably knows, I was following it from the beginning (and I was following his actions since January - MEOW). I know true value of this coin, I know it is worth believeing in, however we have to understand how crypto works. There is much, much speculation going on here. Building price supportwas already mentioned and I trust it will be taken care of. However there is one more VERY important thing, that might get overlooked - most "investors" do not read the OP itself, so we can't expect them to dig into thread and read all the details. Yeah, I know it is silly, but this is how crypto works, unfortunatelly, and such people are in mayority. The visit xcloud thread and see - "cloud coin, cool, buying this". They visit crypti thread and see - "cool, huge IPO, some new stuff, buying this". We need to make it crystal clear for new people why they should buy this coin - not in details, just in short catchphrases.

[jay808]

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

[ciappa]

No escrow? 

[snipsnoop]

so let me understand something... at 500sat if the ipo sells 750btc thats 150 million sys coins , therefore if the ipo is 15% of total coins, that means sys will have 1 billion coins or more!!! how high in price you think this can go??? 1 billion sys is a lot of coins....

Have a look at the mining schedule in the OP.. New coins are release very slowly. No idea about price whatsoever.

[Bitcycle]

Q: How long have you been working on this project? And could you briefly describe your planned time commitment to this going forward?
A: 8+ months, time commitment moving forward is as much time as we have outside of our normal day-job/lives and we are also on-boarding additional developers to supplement that capacity if/when needed.

Wait, so you're raising $900,000 and you're going to part-time this? You're keeping your day jobs?

So they should quit their jobs and commit themselfs 24/7 to Syscoin ?! The money they are raising should be spent on promoting the coin, not paying food/rent for developers LOL Please keep the jobs you have guys...

We'll see what you think about that in a few months when little is actually happening and that $900k is mysteriously gone.

[snipsnoop]

No escrow?  

Eh what?. We use moolah for escrow, please read the OP

[lvyuan95]

Hi, I am trully impressed with this coin. As Danosphere (and perhaps other devs) probably knows, I was following it from the beginning (and I was following his actions since January - MEOW). I know true value of this coin, I know it is worth believeing in, however we have to understand how crypto works. There is much, much speculation going on here. Building price supportwas already mentioned and I trust it will be taken care of. However there is one more VERY important thing, that might get overlooked - most "investors" do not read the OP itself, so we can't expect them to dig into thread and read all the details. Yeah, I know it is silly, but this is how crypto works, unfortunatelly, and such people are in mayority. The visit xcloud thread and see - "cloud coin, cool, buying this". They visit crypti thread and see - "cool, huge IPO, some new stuff, buying this". We need to make it crystal clear for new people why they should buy this coin - not in details, just in short catchphrases.

+1 for ya

[jay808]

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

[J9901]

No escrow? 

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh*

[nomoreheroes7]

No escrow?  

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh*

Yea, that's pretty bad...and for the people worried about 2 billion coins, you have to realize that if the presale sells out then even after 1.5 years there will only be 442,944,000 coins on the market -- gonna take a loooong time to see those 2 billion coins.

The lack of research people are willing to put into a risky investment such as crypto is staggering...and frankly has me worried about how the general populace will react to this coin, if the posts here are any indication of the crypto community's mindset as a whole.

Honestly, it might be worth considering cutting the total coin supply in half, because it would still take around 26 or so years to see 1 billion coins -- and it will make people think "cool, coin supply cut in half = my investment is worth twice as much!!!" This wouldn't even require any changes to the current reward schedule (other than the final 32 block reward tier being a shorter 10 years long, instead of 70 years). But I guess that would throw off the 15% presale allocation, wouldn't it? Hmm...just thinking aloud here.

[snipsnoop]

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

Info is here. Again we will post details on how to use both methods before launch.

Which method of delivering coins should I chose? I am afraid that someone will have copy of my wallet.dat and will steal my coins and I don't know what keypar is and how to use it. Do I need an app for that?

Upon launch of Syscoin you will receive an email where you can go and download your wallet.dat they wont just send this direct over email to you - You then replace that wallet.dat with the one that's within your data folder (Once you have downloaded the Syscoin Wallet itself.

The second method (Keypair) you will have a public/private keypair combination to enter which will then give you access to your Syscoin.

[jay808]

Hi guys !
I would like to purchase some syscoins .
Please tell me , if I chose the wallet.dat delivery method , in what wallet I will be able to upload the file ?
I have to wait for official syscoin wallet release ?
Thank you !
I never used a wallet.dat before .

Info is here. Again we will post details on how to use both methods before launch.

Which method of delivering coins should I chose? I am afraid that someone will have copy of my wallet.dat and will steal my coins and I don't know what keypar is and how to use it. Do I need an app for that?

Upon launch of Syscoin you will receive an email where you can go and download your wallet.dat they wont just send this direct over email to you - You then replace that wallet.dat with the one that's within your data folder (Once you have downloaded the Syscoin Wallet itself.

The second method (Keypair) you will have a public/private keypair combination to enter which will then give you access to your Syscoin.

Thank you .

[Lore06]

Thanks snipsnoop!

[ciappa]

No escrow?  

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh*

Yea, that's pretty bad...and for the people worried about 2 billion coins, you have to realize that if the presale sells out then even after 1.5 years there will only be 442,944,000 coins on the market -- gonna take a loooong time to see those 2 billion coins.

The lack of research people are willing to put into a risky investment such as crypto is staggering...and frankly has me worried about how the general populace will react to this coin, if the posts here are any indication of the crypto community's mindset as a whole.

Honestly, it might be worth considering cutting the total coin supply in half, because it would still take around 26 or so years to see 1 billion coins -- and it will make people think "cool, coin supply cut in half = my investment is worth twice as much!!!" This wouldn't even require any changes to the current reward schedule (other than the final 32 block reward tier being a shorter 10 years long, instead of 70 years). But I guess that would throw off the 15% presale allocation, wouldn't it? Hmm...just thinking aloud here.

Moolah I did not heard about until now, so I did not think there in escrow, and so i have not read it.
I am sorry for! I only read the presale details, and have not found escrow there!
Anyway, I'm going to invest something SysCoin!

[lvyuan95]

No escrow?  

quite possibly the biggest ignorant & laziest post of the day.

Literally 10 seconds of reading the OP would yield the answer...*sigh*

Yea, that's pretty bad...and for the people worried about 2 billion coins, you have to realize that if the presale sells out then even after 1.5 years there will only be 442,944,000 coins on the market -- gonna take a loooong time to see those 2 billion coins.

The lack of research people are willing to put into a risky investment such as crypto is staggering...and frankly has me worried about how the general populace will react to this coin, if the posts here are any indication of the crypto community's mindset as a whole.

Honestly, it might be worth considering cutting the total coin supply in half, because it would still take around 26 or so years to see 1 billion coins -- and it will make people think "cool, coin supply cut in half = my investment is worth twice as much!!!" This wouldn't even require any changes to the current reward schedule (other than the final 32 block reward tier being a shorter 10 years long, instead of 70 years). But I guess that would throw off the 15% presale allocation, wouldn't it? Hmm...just thinking aloud here.

Moolah I did not heard about until now, so I did not think there in escrow, and so i have not read it.
I am sorry for! I only read the presale details, and have not found escrow there!
Anyway, I'm going to invest something SysCoin!

Moolah bought Mintpal... Now you have idea about this company right?

[jjj0923]

is there any word on what algo will be used? I'm hoping it's scrypt so in addition to being an investor I can add this coin to my pools at http://lifecorce.info

[profitofthegods]

is there any word on what algo will be used? I'm hoping it's scrypt so in addition to being an investor I can add this coin to my pools at http://lifecorce.info

I think its merge mined with any scrypt coin; its in the OP anyway.

[snipsnoop]

is there any word on what algo will be used? I'm hoping it's scrypt so in addition to being an investor I can add this coin to my pools at http://lifecorce.info

I think its merge mined with any scrypt coin; its in the OP anyway.

That is indeed correct.

[snipsnoop]

u say release 12 pm pst, when is this.. cant seem to find good info to what time it is compared to my country


please make a countdown some1? 

I always use this one

http://www.worldtimebuddy.com/pst-to-gmt-converter