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

[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

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

That is indeed correct.

not quire sure I fully understand - can this coin be mined solo using standard scrypt or does it have to mine along with some other coin - is that what you mean by 'merged mining' ?

[1714858456]

1714858456

[1714858456]

1714858456

[mwheeleruk]

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.

Correct.   Merge mineable with any SCRYPT coin.

If you wish to become affiliated, use the form here to start the process http://www.syscoin.org/affiliate/

[Qiuyue201]

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.

Totally agree. This is very important issue now!

[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

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

Correct.   Merge mineable with any SCRYPT coin.

If you wish to become affiliated, use the form here to start the process http://www.syscoin.org/affiliate/

thanks - done!

[J9901]

Can someone provide me with a quick list of the VIP's in this ANN? I mean, those directly involved with SYS development?

Danosphere is one of course, but who else? Thanks.

[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!

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

Yes, i did not know it! But who can guarantee the trust of moolah when it's new?

[jonn4y]

Can someone provide me with a quick list of the VIP's in this ANN? I mean, those directly involved with SYS development?

Danosphere is one of course, but who else? Thanks.

The Official Syscoin Team are:

danosphere: https://bitcointalk.org/index.php?action=profile;u=90665
sebastien1234: https://bitcointalk.org/index.php?action=profile;u=154776
snipsnoop: https://bitcointalk.org/index.php?action=profile;u=114686
jonn4y (me): https://bitcointalk.org/index.php?action=profile;u=210218
mwheeleruk: https://bitcointalk.org/index.php?action=profile;u=339355
Coderboo: https://bitcointalk.org/index.php?action=profile;u=321442


This can be verified on our website http://syscoin.org

[Yuzu]

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?

Yes, i did not know it! But who can guarantee the trust of moolah when it's new?

I've done business with Moolah before (earlier this year).  They wouldn't be considered 'new,' especially in this crazy crypto world when I coin like NXT is considered old.

[J9901]

Can someone provide me with a quick list of the VIP's in this ANN? I mean, those directly involved with SYS development?

Danosphere is one of course, but who else? Thanks.

The Official Syscoin Team are:

danosphere: https://bitcointalk.org/index.php?action=profile;u=90665
sebastien1234: https://bitcointalk.org/index.php?action=profile;u=154776
snipsnoop: https://bitcointalk.org/index.php?action=profile;u=114686
jonn4y (me): https://bitcointalk.org/index.php?action=profile;u=210218
mwheeleruk: https://bitcointalk.org/index.php?action=profile;u=339355
Coderboo: https://bitcointalk.org/index.php?action=profile;u=321442


This can be verified on our website http://syscoin.org

Thanks so much. I just wanted to differentiate official posts from others   

[kelvng105]

Question... SYS will be on Mintpal the day of the release right?

Thanks

[eterna156]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

[snipsnoop]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

[Relaxedsense]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

How long will it take for all coins to be mined?

[jjj0923]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

How long will it take for all coins to be mined?

do the match dude... all of the necessary calculations are in the OP  - fire up your excel spreadsheet and tell us.

[Relaxedsense]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

How long will it take for all coins to be mined?

do the match dude... all of the necessary calculations are in the OP  - fire up your excel spreadsheet and tell us.

I tried, but was not able to understand the following completly: "Block reward (updated): 128 SysCoin and regenerated network services fees (block reward decays on fixed schedule until rewards fixate at 32 Syscoin until 2bil coin, after which rewards are purely network and service fees)."

So help would be appriciated.

[peels]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

How long will it take for all coins to be mined?

do the match dude... all of the necessary calculations are in the OP  - fire up your excel spreadsheet and tell us.

I tried, but was not able to understand the following completly: "Block reward (updated): 128 SysCoin and regenerated network services fees (block reward decays on fixed schedule until rewards fixate at 32 Syscoin until 2bil coin, after which rewards are purely network and service fees)."

So help would be appriciated.

72 years to mine all coins.

After 1.5 years there will be 82,944,000 coins mined. At the price of 518 sat it is 429btc worth. So $246,246 worth after 18 months of mining if the price stays at 518 sat.

[Relaxedsense]

Hey everyone. Thinking of investing into Syscoin. One question, approximately how many coins will be mined in the first month? 

Aprox 184320 per day as per schedule from OP.
So 30 x 184320 = 5529600

How long will it take for all coins to be mined?

do the match dude... all of the necessary calculations are in the OP  - fire up your excel spreadsheet and tell us.

I tried, but was not able to understand the following completly: "Block reward (updated): 128 SysCoin and regenerated network services fees (block reward decays on fixed schedule until rewards fixate at 32 Syscoin until 2bil coin, after which rewards are purely network and service fees)."

So help would be appriciated.

72 years to mine all coins.

After 1.5 years there will be 82,944,000 coins mined. At the price of 518 sat it is 429btc worth. So $246,246 worth after 18 months of mining if the price stays at 518 sat.

Thanks for your time!

[casacup]

Is there an official irc?

[peels]

Is there an official irc?

http://webchat.freenode.net/?channels=#syscoin

[casacup]

Is there an official irc?

http://webchat.freenode.net/?channels=#syscoin

Thank you!

Except from moolah, any chance to get added on day 1 to trex?