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

[damm315er]

Ok, so there is a pattern forming...

The "unbiased" 3rd party escrow service is a major investor in syscoin..  They gave the dev's plenty of time to get stuff working, so they could leverage the sh!t out of their holdings to make huge coin..  

When the dev's were trying to fork to a new block-chain on monday, I managed to mine a block before they could mine it, and got to see some numbers I'm sure they didn't want seen.

The premine (18% of 2 billion) = 360 million
By monday, the maximum amount of mined coins (128 coins per block x 60 blocks per hour x 48 hours) would be just under 370,000 coins.  Now, that number is is the max, the real number is more like a quarter of that, since the wallet and forking issues kept people from mining most of the time.

So, to create a new block to account for all the coins would be a maximum of 360,370,000.

This block I mined is pictured below..



So, the numbers are not even close, the block is for 364,222,858 sys.  Lets break that down, shall we?

364,222,858 minus the premine is 4,222,858.

Assuming that the 222,858 is the actual mined coins that needed to get forked to the new chain, that leaves 4,000,000 coins (.2% of 2 Billion) that is unexplained, but a nice bonus for the dev's that noone would question.

Yeah, that's interesting.......................

Did the coins mature?

Look closely on the numbers ...this picture has been edited with photoshop.Look closely on the immature coin ..it had been replaced.

any programmar can createa new genesis block and mine the first block with as any coins as he likes.

look at the sync. it says 0 hours behind.

Correct, that genesis block was created by a programmer, the Dev's..  The 0 sync, is because when they didn't mine the block, they killed the blockchain and started over with a new one.

I'm not a programmer, more a slightly advanced newbie, that's why I have coins stuck..  lol  See my post from yesterday, in this very thread, that I'm having issues with my wallet.

[helmet]

hey DANOSPHERE, why do you keep deleting my posts about the buy support being taken out and gone? its the truth? why are you trying to hide it bud?

freefall from here down to 200sats with about 1.3btc supporting it.

if your all about transparency, you will confirm the 250btc buy walls @ presale price have been eaten


EDIT: so with the 59m premine and the 250BTC of sys brought buy buy support, and the 122btc brought by moolah, between the syscoin devs and moolah currently own about 1.5billion out of 3billion of the syscoins. bahahahahah shit.

So who are you and what makes you so special? Why are you even in here when you have your own coin? Do you have a stake in this coin? If not, GTFO and troll somewhere else.

[stereotype]

How Ironic this is how I imagine a physchopath ADHD RITALIN HUNGRY TROLL would post.  

Welcome to my Ignore List!   

...have fun with them other RETARDS...

Spoken like a true philomathic, mature adult. 

Please excuse smaragda. He probably cant help it, but he appears to have a problem expressing himself coherently. This is his speech bubble made a few weeks ago....

[prix]

First block from the blockchain:

Code:

1: 	16.08.2014 23:18:30 (3.64222848E8)	[->SZJ5LdbXbYDjNxp5NCJzQXnwpS6wUfiqUS(3.64222848E8)]

From the Block Explorer:
http://sys.coinzone.info/block/ed12971d0cc2ac2db282eb0a834b83dd2ef7aa32c0eacae93d93cdaccbcf8c19

But it's not a big deal.

[kencoles]

If Moolah finds an excuse not to cancel ICO in the next few hours then they are over.

ok then ...What I am getting now is that not  all the investor are asking for refunds,so what if it goes like this way...you will send back the exact amount of syscoin to Moolah then Moolah  will send you back your btc.Do you agree?

Definitely agree!

Then wait ,lets see what Sys team has to say about this.Already pm them.

[helmet]

Well, I was saying this before it was popular. Does it make me a hipster?

No it doesn't because hipsters don't do things first before it's popular. They follow others after it has become popular and feed off of the people who did it before it was popular.

[helmet]

The coin reached 380 few hours ago.

380!

This is ALARMING!
Give us exit walls or this coin is OVER and you go down in history as most unprofessionals devs ever and Syscoin will become synonymous to failure in crypto world.

If the devs really aren't planning to save their own coin I really hope that Moolah will do the one smart thing and cancel the ICO.

But why has it reached 380? Because of people with their panties in a wad, dumping their coin instead of holding it.

[dandruff1138]

Please excuse smaragda. He probably cant help it, but he appears to have a problem expressing himself coherently. This is his speech bubble made a few weeks ago....

[IMG]

Hey ASSHOLE...  did you forget I have removed all you RETARD INTELLECTUAL TROLLS from my Ignore List temporarily???   

Nxt Circle Jerk...  Daedelus, msin, devphp, stereotype, Vega (Removal Candidate), sparta_cuss, TwinWinNerD, Eadeqa...  to be continued...

"Retard Intellectual Trolls," man please tell me you live near St. Louis, I want to drink some beers with you and laugh the night away.

[helmet]

wtf is FUD, it's fucking cliche, don't you understand that people are worried they loose what they have paid? 1500 BTC in game, don't keep ignore it and do something, your public credibility is on 0 lever(SCAM level) so do something about it. damn.

Oh come on now, 1500BTC spread across a lot of people is a piss drop in a bucket in the world of investing. Besides nobody should be worried this early in the game. If people are worried this early and dumping thereby causing the price to go down, that is their fault. Stop being pussies and hold your coin.

[thetruth123123]

This is merely biggest disaster in crypto!

I've been following this coin for weeks (months, actually) and had faith in devs from the beginning.
But it seems that those people might be great coders with vision, however they totally don't understant how crypto markets work.

This is  D-I-S-A-S-T-E-R!

Why? Because hundreds of ICO investors are feeling fucked right now. Of course crypto is about risk but all successful IPO/ICO coins were using presale money to sustain the price. This way they were gaining HUGE ARMY OF LOYAL INVESTORS WHO WERE PROMOTING THE COIN FOR THEM. That is the basic of price management. Maybe some (most?) coins do not admit to supporting their own price but this is how it works in the first stage.

And here? Instead of hundreds of loyal investors to promote their coin, Syscoin developers gained hundreds of whiners and FUDDers. And this won't end in a week or two - this will continue for many months. I have to admit I didn't expect that.

Few months ago someone was posting here that he will wait and buy when we are in the 200 satoshi price range. People were laughing at him but it seems that he had a point after all. This is going down. I am holding my ICO but I already accepted that I might lose on that one.

Devs, I am not here to troll. I am here to help and keeping my mouth quite won't help. All cool innovations on blockchain are great, but first things first - it seems that you have bred not hundreds of loyal fans, but hundreds of desperate haters. And they will bring this coin down, no matter what you do. Exit buy wall is a must now. You will lose some of those presale BTC and you need to accept this. The longer you wait with announcing the wall and the longer you wait with building it after you get the ICO money, the more you will lose.

Sorry, but if you won't take care of army of haters issue RIGHT KNOW, someone will just take your ideas and execute them in better, smarter way.

So many people told you here that exit wall at 518 satoshi is only thing that could save this coin and yet you are doing nothing about it. You don't need actual BTC to do this, you just could promise that it will happen when you get your money and announce it.

Someone wrote here that "you could sell at 1000 satoshi". Insane! Most people were unable to do anything at that point with their coins. Also, we - the ICO buyers - were supposed to hold and help the coin grow this way. But since devs seem to - excuse my French - piss at us, this is no longer going to happen. People are just hoping to quit this coin and move somewhere where devs actually care about their investment.

Please, please, please - do not avoid this issue. Announce the buy wall immediately and build it as soon as you get your BTC. No excuses on that one! The buy wall should stand there and you could take BTC for development from it gradually.

THIS.

We need statement ASAP.

The coin reached 380 few hours ago.

380!

This is ALARMING!
Give us exit walls or this coin is OVER and you go down in history as most unprofessionals devs ever and Syscoin will become synonymous to failure in crypto world.

If the devs really aren't planning to save their own coin I really hope that Moolah will do the one smart thing and cancel the ICO.

Syscoin already seems to be the biggest failure and laughing stock in the history of crypto.

[Microbit001]

I have started mining Syscoin and the difficulty levels are ok. Hope to earn profit.

The rates however are down..

[kencoles]

Gateways:  is open    

https://coingateway.net/

Spend Altcoins, Anywhere!

CoinGateway acts as a bridge to enable you to purchase merchandise from retailers who accept only Bitcoin, with their range of supported alternate coins! Choose the coin you would like to spend, then simply enter the recipients Bitcoin address and desired amount and click "Pay Now". They also support a multi Crypto exchange platform where you can cross trade any coin listed in the options


https://coingateway.net/spend-coins.php

[helmet]

I see no reason why now, people should be asking for a refund. They're gonna meet the deadline and pass muster. The wallet works. The network works. People got what they paid for. No promises of hiccup free launch. People should take responsibility for their own buying decisions on an unknown currency

^ this!

[slax0r]

Bump...

I woke up this morning to see that my solo mining rig had found three blocks, however after taking a look at the the transactions, all 3 had been mysteriously sent with a fee equal to the amount of coins that had just been mined.

EXPLAIN PLEASE!!!


my "syscoind listtransactions" with all the mystery sends

[
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 1805,
        "generated" : true,
        "blockhash" : "665cd1912bedb0071694cd337a0697081910248dad764b33a120b9307e7339b9",
        "blockindex" : 0,
        "blocktime" : 1408417595,
        "txid" : "12f5a1faa51c1e44e423f35900481607b57bc96d7a055d203110f7122debcfe1",
        "time" : 1408417595,
        "data" : "",
        "timereceived" : 1408417622
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 0,
        "generated" : true,
        "txid" : "7695343bbe79dab7422c5498407c4a6e9414171d81bd9bdfe201b9ed929609d8",
        "time" : 1408424092,
        "data" : "",
        "timereceived" : 1408424113
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : -0.00200000,
        "confirmations" : 1090,
        "blockhash" : "abcf2fc13df96b77c1dbbd73be3cb1a3c13e12c6cabb215b7abc00275e947dd3",
        "blockindex" : 2,
        "blocktime" : 1408466291,
        "txid" : "1d3e7a08519ffed178d355e7cd6f713000fcb56ade08edd2a106c58d5d346f9a",
        "time" : 1408466126,
        "data" : "",
        "timereceived" : 1408466126
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 912,
        "generated" : true,
        "blockhash" : "f8db3b22e8af60f52178e84275c2be61bdad4292bc1c3010e797939312f66b9d",
        "blockindex" : 0,
        "blocktime" : 1408476747,
        "txid" : "6d5b74b5fc458443de564246073cf2ba2d8c44e053e083e8084f9dc0a28bb05b",
        "time" : 1408476747,
        "data" : "",
        "timereceived" : 1408476775
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 911,
        "generated" : true,
        "blockhash" : "67cf2adb1deb798b9ff9b61ea3aea2ffcf66e22a4c14e623f306fa5fd5050a0a",
        "blockindex" : 0,
        "blocktime" : 1408476775,
        "txid" : "0cc110017a944c3cbf0c9609484e4b6c39df3753c707ae63620aea69878d43f9",
        "time" : 1408476775,
        "data" : "",
        "timereceived" : 1408476779
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 255.61002040,
        "confirmations" : 757,
        "blockhash" : "cf24319884ab7b5e6d5f64246048ddf00a2c07b0d2bfd7fcbeb89ff7f14b658e",
        "blockindex" : 2,
        "blocktime" : 1408485245,
        "txid" : "a3a28d79b5800f759822ddf4c3daa1b65d14140fb695c2cc20abbce835e4bbc2",
        "time" : 1408485210,
        "data" : "",
        "timereceived" : 1408485210
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 527,
        "generated" : true,
        "blockhash" : "9d57d7edd471d0e779ef8d7dae69dcdda66e2dbf505bdb79ce6366410d13e5dc",
        "blockindex" : 0,
        "blocktime" : 1408498657,
        "txid" : "db276866c80f048fd677a03488f394c688b2dc75408bd6f45ebeafc4b9c2fb4a",
        "time" : 1408498657,
        "data" : "",
        "timereceived" : 1408498676
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 127.59402040,
        "confirmations" : 441,
        "blockhash" : "cb2224850347ee1c27e49121c22518629e9bd3d2d8d0a526874f3f64fb12d0de",
        "blockindex" : 8,
        "blocktime" : 1408505224,
        "txid" : "af92d8ad48142c5b2aad1aa2eecc829ad9ad90713b126edd2f834d813c025155",
        "time" : 1408504634,
        "data" : "",
        "timereceived" : 1408504634
    },
    {
        "account" : "",
        "address" : "",
        "category" : "send",
        "amount" : 0.00000000,
        "fee" : 0.00000000,
        "confirmations" : 29,
        "generated" : true,
        "blockhash" : "384d91f594cede0dce686b1dee7c270467a5359d08effc51b4f17b15ca7ec8fd",
        "blockindex" : 0,
        "blocktime" : 1408529268,
        "txid" : "2279a285bc718d5911bab1a72e2eecd2c45486f92a18a5fea6f9a477b44abe13",
        "time" : 1408529268,
        "data" : "",
        "timereceived" : 1408529290
    }
]

[madmartyk]

I see no reason why now, people should be asking for a refund. They're gonna meet the deadline and pass muster. The wallet works. The network works. People got what they paid for. No promises of hiccup free launch. People should take responsibility for their own buying decisions on an unknown currency

^ this!

Actually wallet kinda works.  Having to re-download the blockchain when you close and reopen a wallet isn't right.  Otherwise it just sits in the system tray and can't be accessed.

[kencoles]

Gateways:  is open    

https://coingateway.net/

Spend Altcoins, Anywhere!

CoinGateway acts as a bridge to enable you to purchase merchandise from retailers who accept only Bitcoin, with their range of supported alternate coins! Choose the coin you would like to spend, then simply enter the recipients Bitcoin address and desired amount and click "Pay Now". They also support a multi Crypto exchange platform where you can cross trade any coin listed in the options


https://coingateway.net/spend-coins.php

Exchange rate

119186.0465 SYS   =   0.512500 BTC / 251.23 USD

[forzendiablo]

I see no reason why now, people should be asking for a refund. They're gonna meet the deadline and pass muster. The wallet works. The network works. People got what they paid for. No promises of hiccup free launch. People should take responsibility for their own buying decisions on an unknown currency

^ this!

Actually wallet kinda works.  Having to re-download the blockchain when you close and reopen a wallet isn't right.  Otherwise it just sits in the system tray and can't be accessed.

id say the wallet doesnt work.
thats not how wallets work.

WTF is this fail?!

[sussex]

How Ironic this is how I imagine a physchopath ADHD RITALIN HUNGRY TROLL would post.  

Welcome to my Ignore List!   

...have fun with them other RETARDS...

Spoken like a true philomathic, mature adult. 

Please excuse smaragda. He probably cant help it, but he appears to have a problem expressing himself coherently. This is his speech bubble made a few weeks ago....

You're nobody if you're not on smaragda's ignore list, I gained the distinction ages ago - welcome to the club 

Smaragda is a fool.

[kencoles]

I see no reason why now, people should be asking for a refund. They're gonna meet the deadline and pass muster. The wallet works. The network works. People got what they paid for. No promises of hiccup free launch. People should take responsibility for their own buying decisions on an unknown currency

^ this!

Actually wallet kinda works.  Having to re-download the blockchain when you close and reopen a wallet isn't right.  Otherwise it just sits in the system tray and can't be accessed.

id say the wallet doesnt work.
thats not how wallets work.

WTF is this fail?!

So moolah offers escrow on the terms of a fully functional product. Products werent met. Now we arent being given back our btc... am I missing something here. Did the terms and conditions outline a time? Yes.. the launch date. It failed. Moolah I know its alot of work, but your not sticking to your words here. You have failed us. Syscoin is dead forever, no coin will survive after screwing over every investor.

Our agreement with Syscoin included a launch window to allow the developers the opportunity to fix any issues that popped up. We are still within that window, and the developers are actively working to resolve those issues. We have stated repeatedly that we will process refunds if the developers fail to deliver a working product, what we are not going to do however, is jump the gun and do that while attempts to resolve are in process.

For the sake of full clarity, we are hereby giving the Syscoin team 48 hours as of 1800 GMT this evening; to deliver a stable and working product. If at 1800 GMT on August 20th, the coin is still in a completely non-usable state (multiple forks, wallet corruption, service issues, mining issues, etc) and no progress has been made; we will begin the process of fully refunding coin holders at ICO rates. If good progress has been made (and only lesser issues remain), we will readdress this issue. If the coin is fully resolved? Great, escrow released. I will be communicating this to the Syscoin team momentarily.       
          Founder // CEO - moolah.io

[Lucky Cris]

First block from the blockchain:

Code:

1: 	16.08.2014 23:18:30 (3.64222848E8)	[->SZJ5LdbXbYDjNxp5NCJzQXnwpS6wUfiqUS(3.64222848E8)]

From the Block Explorer:
http://sys.coinzone.info/block/ed12971d0cc2ac2db282eb0a834b83dd2ef7aa32c0eacae93d93cdaccbcf8c19

But it's not a big deal.

What tha?