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

[helmet]

the coins launch time was delayed. then it was forkedtwice. the best hing was moolah should have allowed a refund when the coin did not work at the first time. after two forks. wallet still has to be restarted. and blockchain data deleted before it works again. seriously? should we just acceptthis wallet is functional? search buttons arent working on alias. sometimes marketplace disappears. fuck even the copy features arent working in the wallet. its a total disaster. but we are trusting devs to deliver what was pomised. now if they didnt moolah said they will allow more 48 hours to devs. are those 48 hours over now right?

i have invested in this coin. but truth is truth

Does the wallet have some issues. Sure it does. But it also works. The amount of people who need to delete blockchain data to get their wallet restarted are a few, most people's wallets work fine in that regard. Mine works great in win7 x64 and linux. I've restarted it 100 times or more to try and break it. The reality is that everyone's hardware and OS patch levels are different... There is no way for a small group of guys to know for sure if some people won't have initial issues. You actually should expect to have a few. Great thing is that the dev's are working to fix those people's problems. Not only are they fixing them but they are fixing them quickly. Big companies with huge teams of programmers and far more money behind them often take weeks to fix shit.

Yes some of the gui for the marketplace is broken, but the marketplace DOES work via command line. Is this optimal? No. But does it work? Yes. Can these gui issues be fixed? Sure. Also the marketplace in the wallet is really the lite version of it. They do plan on improving the gui, but the real gem is the standalone web interface for people to integrate into their sites.

If anything, my only issues with the coin is the cost of using the features. The prices for activating an alias etc are insane. For the majority of people who will be mining this coin on a couple of boxes on their desk with gpus.. It will take FOREVER for those people to even mine a few thousand SYS. These prices only work for those of us with tons of hashpower or btc available to buy some sys with. For new comers to crypto, which is the majority of the untapped market, these prices create a major hurdle for them to use the platform. Granted in 90 days these costs will be far less than they are now, but even then it's still very high.

[sussex]

It will take FOREVER for those people to even mine a few thousand SYS.

I'm amazed that anyone is mining it to be honest - it's a long way from breaking even, let alone making a profit.

[zsp]

What a bollocks to demand a buy wall from the DEVs. Next time I will buy a Microsoft or Google stock I will require a buy wall on the stock exchange to avoid any losses, this will make the MS and Google executives laugh so hard.

There are no buy walls for risk minimizing backup solution in investments.

[payyy]

Guys I need help.
What is current total supply?
I believe is about 364 million.

But I tried to build the Rich List and I got about 463 million.
The Syscoin protocol has small different to standard bitcoin protocol and maybe this amount is incorrect.
But I check first 10 with http://sys.coinzone.info/ and amount the same.
Can anybody check all 200 addresses from http://pastebin.com/cc2PQf4G ?
Or current supply not 364 million?

Top 10

Code:

Se3UvXRDYDfua7B81AXGJrbVZRgx1J7cuR 	76055616.00
STqv5wokEnanoedaXY9ihAtvM9ppKhyici 	59763916.00 (devs)
SZUXEqQKnD6fR9F7biXkg99Wfquk4JrZfV 	35473156.00
Sa3apMrcguBbqB64EfVSQvdLKuKPsgVWyS 	5376344.00
ShXaCF4VwUcfATPcMbeshj2fy8ciWmp6dM 	4826255.00
SPSVkEJof8VwM9Nj1Mwzm7dePnwL4MsT4M 	4826255.00
SPxJR9eTBFnZXzitJJbTSfyTqrRftDoDrD 	4826255.00
ShkyUdtQUFs5DB1yeQB11teuhUgaM3EAxS 	4826255.00
SShqQ6LQ6WXeDnGPtNVQA1NhiLxJ5Kia4K 	4816254.00
SNByeXCdxurTm5vy16udRbZMJGnLF8p31V 	4816250.00

i'd like to know ,where's another 100M syscoin come from?
danger is coming ......

[thetruth123123]

What a bollocks to demand a buy wall from the DEVs. Next time I will buy a Microsoft or Google stock I will require a buy wall on the stock exchange to avoid any losses, this will make the MS and Google executives laugh so hard.

There are no buy walls for risk minimizing backup solution in investments.

Moolah promised refunds in case of a non working product.
Nothing worked when this was launched, so people want a refund.

[zsp]

What a bollocks to demand a buy wall from the DEVs. Next time I will buy a Microsoft or Google stock I will require a buy wall on the stock exchange to avoid any losses, this will make the MS and Google executives laugh so hard.

There are no buy walls for risk minimizing backup solution in investments.

Moolah promised refunds in case of a non working product.
Nothing worked when this was launched, so people want a refund.

Yeah, that's clear and nothing wrong with that, you should get a refund.

I was talking about the buy walls people are demanding from the devs to put at 518 Sat to minimize their losses. That's nonsense.

[thetruth123123]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

[slex]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

Exactly where have we confirmed this? You are posting something that is patently false. We are sticking to our agreement in the sense of, "if they pass inspection, we have no reason to refund". However, if they do not pass? Then there will be funds.

[prix]

Guys I need help.
What is current total supply?
I believe is about 364 million.

But I tried to build the Rich List and I got about 463 million.
The Syscoin protocol has small different to standard bitcoin protocol and maybe this amount is incorrect.
But I check first 10 with http://sys.coinzone.info/ and amount the same.
Can anybody check all 200 addresses from http://pastebin.com/cc2PQf4G ?
Or current supply not 364 million?

Top 10

Code:

Se3UvXRDYDfua7B81AXGJrbVZRgx1J7cuR 	76055616.00
STqv5wokEnanoedaXY9ihAtvM9ppKhyici 	59763916.00 (devs)
SZUXEqQKnD6fR9F7biXkg99Wfquk4JrZfV 	35473156.00
Sa3apMrcguBbqB64EfVSQvdLKuKPsgVWyS 	5376344.00
ShXaCF4VwUcfATPcMbeshj2fy8ciWmp6dM 	4826255.00
SPSVkEJof8VwM9Nj1Mwzm7dePnwL4MsT4M 	4826255.00
SPxJR9eTBFnZXzitJJbTSfyTqrRftDoDrD 	4826255.00
ShkyUdtQUFs5DB1yeQB11teuhUgaM3EAxS 	4826255.00
SShqQ6LQ6WXeDnGPtNVQA1NhiLxJ5Kia4K 	4816254.00
SNByeXCdxurTm5vy16udRbZMJGnLF8p31V 	4816250.00

i'd like to know ,where's another 100M syscoin come from?
danger is coming ......

Sorry, my bad, Se3UvXRDYDfua7B81AXGJrbVZRgx1J7cuR and SZUXEqQKnD6fR9F7biXkg99Wfquk4JrZfV is empty now.

[helmet]

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?!

I, like many don't have to re-download the blockchain. The amount of people with this problem is a small amount.

[dasdasdasdasdasd]

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..

http://imagize[Suspicious link removed]ageshack.us/v2/600x400q90/538/aZgUtI.jpg

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.......................

Reposting

[josephliton]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

Exactly where have we confirmed this? You are posting something that is patently false. We are sticking to our agreement in the sense of, "if they pass inspection, we have no reason to refund". However, if they do not pass? Then there will be funds.

please don't listen to FUD but real investor.

[fox19891989]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

Exactly where have we confirmed this? You are posting something that is patently false. We are sticking to our agreement in the sense of, "if they pass inspection, we have no reason to refund". However, if they do not pass? Then there will be funds.

If refund, how can you do? Make a 1500 btc wall at 518 sat? Or 465 btc buy order at 465 sat, 1035 btc buy order at 518 sat?

[thetruth123123]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

Exactly where have we confirmed this? You are posting something that is patently false. We are sticking to our agreement in the sense of, "if they pass inspection, we have no reason to refund". However, if they do not pass? Then there will be funds.

If refund, how can you do? Make a 1500 btc wall at 518 sat? Or 465 btc buy order at 465 sat, 1035 btc buy order at 518 sat?

Don't you understand that there will be no refunds?
The Moolah CEO can repeat what he said a thousand times, still won't change anything about this fact.

[ircactus]

Oh wow, Moolah just basically confirmed that there will be no refunds.

https://twitter.com/moolah_io/status/502092665161547776

Exactly where have we confirmed this? You are posting something that is patently false. We are sticking to our agreement in the sense of, "if they pass inspection, we have no reason to refund". However, if they do not pass? Then there will be funds.

If refund, how can you do? Make a 1500 btc wall at 518 sat? Or 465 btc buy order at 465 sat, 1035 btc buy order at 518 sat?

No because anyone can throw poop at that wall, not just the IPO investors..  I don't think there is a clear path to return their coin should they want to do this without a full shutdown of this coin.

[slex]

My name is Alex, I am the Founder and CEO of Moopay LTD; the organization responsible for https://moolah.io, https://mintpal.com (as of recently) and a few other subsidiary entities. I have the final authority and say in relation to what happens in regards to funds raised from the ICO. The decision with a refund lies solely with me as the primary mediator. At this stage, I would like to make it clear that we have not made a decision, and anybody stating MOOLAH SAYS NO REFUNDS, is quite frankly making stuff up.

I would like to start out by pointing out how this ICO/IPO is different. Firstly, the fact that there is a refund clause full stop is exceptionally rare. With other initial offering coins, you generally have little to no protection, and no recourse in a worst case scenario. We entered in to a partnership with Syscoin in order to provide this protection, and the fact that this protection is here, should give you some measure of comfort.

When the coin launched, it worked. It stopped working fairly early on, but the fact of the matter is that the coin was working at launch. Unlike other escrow providers that would have released then and there, we requested an inspection period which would allow us to ensure that the coin would continue to work; and in return, would provide the Syscoin team with a window of opportunity to fix any issues that may pop up. We did this to protect the people that invested in the coin, because to be blunt; the coin met obligations at launch.

However, issues rapidly appeared. These issues were critical, and resulted in the coin being moved in to an unusable state. As a result of this, we continued to monitor the situation for 48 hours - and after repeated fixes that didn't help, gave the Syscoin team an ultimatum that they had 48 hours to fix the major issues. That ultimatum expires in 3 hours, and still stands.

Our roughly checklist for when this ultimatum expires is as follows:

• At 6PM GMT, is the blockchain in a working state? DDOS attacks on the blockchain at this time will be taken in to account.
• At 6PM GMT, is the QT wallet in a functional state for the majority of users? It does not need to expose the full daemon feature set.
• At 6PM GMT, are 3 out of 4 core services available on the main net, via the daemon?
• At 6PM GMT, if all 4 services are not on the main net, is the missing service available on the testnet, via the daemon?
• Does the wallet require a full rescan on each launch? If so, is this something that can be fixed in a timely fashion?
• Can the wallet be opened without causing data corruption on each launch? If isolated issues are being reported, what is the plan for deploying a fix?

If the majority of issues have been resolved, and the remaining issues are deemed not urgent / critical (e.g. Can I send and receive coins via the QT client, and do some service stuff via the daemon, and not worry about closing my wallet for the most part) - then we will speak with the Syscoin team and request that a clear timeline and roadmap be published to the general public. We have requested that in a scenario where there are any issues, including minor remaining, that we move to a staggered release of funds - where they would receive X BTC each month in order to ensure continued development. We will not be taking the current price of the coin in to account when deciding whether or not that the ICO merits a refund. This is a risk that any investor makes, and it happens to everybody in the end.

We will not be showing bias to the Syscoin team, but we will also not be caving to the FUD being spread around be a small subset of users. Our role is mediation and arbitration, and we will exercise a neutral viewpoint in order to do this effectively.

[madmartyk]

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?!

I, like many don't have to re-download the blockchain. The amount of people with this problem is a small amount.

So if you close your wallet and reopen it, it shows up?  Not just in the system tray?

[thetruth123123]

My name is Alex, I am the Founder and CEO of Moopay LTD; the organization responsible for https://moolah.io, https://mintpal.com (as of recently) and a few other subsidiary entities. I have the final authority and say in relation to what happens in regards to funds raised from the ICO. The decision with a refund lies solely with me as the primary mediator. At this stage, I would like to make it clear that we have not made a decision, and anybody stating MOOLAH SAYS NO REFUNDS, is quite frankly making stuff up.

I would like to start out by pointing out how this ICO/IPO is different. Firstly, the fact that there is a refund clause full stop is exceptionally rare. With other initial offering coins, you generally have little to no protection, and no recourse in a worst case scenario. We entered in to a partnership with Syscoin in order to provide this protection, and the fact that this protection is here, should give you some measure of comfort.

When the coin launched, it worked. It stopped working fairly early on, but the fact of the matter is that the coin was working at launch. Unlike other escrow providers that would have released then and there, we requested an inspection period which would allow us to ensure that the coin would continue to work; and in return, would provide the Syscoin team with a window of opportunity to fix any issues that may pop up. We did this to protect the people that invested in the coin, because to be blunt; the coin met obligations at launch.

However, issues rapidly appeared. These issues were critical, and resulted in the coin being moved in to an unusable state. As a result of this, we continued to monitor the situation for 48 hours - and after repeated fixes that didn't help, gave the Syscoin team an ultimatum that they had 48 hours to fix the major issues. That ultimatum expires in 3 hours, and still stands.

Our roughly checklist for when this ultimatum expires is as follows:

• At 6PM GMT, is the blockchain in a working state? DDOS attacks on the blockchain at this time will be taken in to account.
• At 6PM GMT, is the QT wallet in a functional state for the majority of users? It does not need to expose the full daemon feature set.
• At 6PM GMT, are 3 out of 4 core services available on the main net, via the daemon?
• At 6PM GMT, if all 4 services are not on the main net, is the missing service available on the testnet, via the daemon?
• Does the wallet require a full rescan on each launch? If so, is this something that can be fixed in a timely fashion?
• Can the wallet be opened without causing data corruption on each launch? If isolated issues are being reported, what is the plan for deploying a fix?

If the majority of issues have been resolved, and the remaining issues are deemed not urgent / critical (e.g. Can I send and receive coins via the QT client, and do some service stuff via the daemon, and not worry about closing my wallet for the most part) - then we will speak with the Syscoin team and request that a clear timeline and roadmap be published to the general public. We have requested that in a scenario where there are any issues, including minor remaining, that we move to a staggered release of funds - where they would receive X BTC each month in order to ensure continued development. We will not be taking the current price of the coin in to account when deciding whether or not that the ICO merits a refund. This is a risk that any investor makes, and it happens to everybody in the end.

We will not be showing bias to the Syscoin team, but we will also not be caving to the FUD being spread around be a small subset of users. Our role is mediation and arbitration, and we will exercise a neutral viewpoint in order to do this effectively.

tl;dr No refunds.

[dasdasdasdasdasd]

My name is Alex, I am the Founder and CEO of Moopay LTD; the organization responsible for https://moolah.io, https://mintpal.com (as of recently) and a few other subsidiary entities. I have the final authority and say in relation to what happens in regards to funds raised from the ICO. The decision with a refund lies solely with me as the primary mediator. At this stage, I would like to make it clear that we have not made a decision, and anybody stating MOOLAH SAYS NO REFUNDS, is quite frankly making stuff up.

I would like to start out by pointing out how this ICO/IPO is different. Firstly, the fact that there is a refund clause full stop is exceptionally rare. With other initial offering coins, you generally have little to no protection, and no recourse in a worst case scenario. We entered in to a partnership with Syscoin in order to provide this protection, and the fact that this protection is here, should give you some measure of comfort.

When the coin launched, it worked. It stopped working fairly early on, but the fact of the matter is that the coin was working at launch. Unlike other escrow providers that would have released then and there, we requested an inspection period which would allow us to ensure that the coin would continue to work; and in return, would provide the Syscoin team with a window of opportunity to fix any issues that may pop up. We did this to protect the people that invested in the coin, because to be blunt; the coin met obligations at launch.

However, issues rapidly appeared. These issues were critical, and resulted in the coin being moved in to an unusable state. As a result of this, we continued to monitor the situation for 48 hours - and after repeated fixes that didn't help, gave the Syscoin team an ultimatum that they had 48 hours to fix the major issues. That ultimatum expires in 3 hours, and still stands.

Our roughly checklist for when this ultimatum expires is as follows:

• At 6PM GMT, is the blockchain in a working state? DDOS attacks on the blockchain at this time will be taken in to account.
• At 6PM GMT, is the QT wallet in a functional state for the majority of users? It does not need to expose the full daemon feature set.
• At 6PM GMT, are 3 out of 4 core services available on the main net, via the daemon?
• At 6PM GMT, if all 4 services are not on the main net, is the missing service available on the testnet, via the daemon?
• Does the wallet require a full rescan on each launch? If so, is this something that can be fixed in a timely fashion?
• Can the wallet be opened without causing data corruption on each launch? If isolated issues are being reported, what is the plan for deploying a fix?

If the majority of issues have been resolved, and the remaining issues are deemed not urgent / critical (e.g. Can I send and receive coins via the QT client, and do some service stuff via the daemon, and not worry about closing my wallet for the most part) - then we will speak with the Syscoin team and request that a clear timeline and roadmap be published to the general public. We have requested that in a scenario where there are any issues, including minor remaining, that we move to a staggered release of funds - where they would receive X BTC each month in order to ensure continued development. We will not be taking the current price of the coin in to account when deciding whether or not that the ICO merits a refund. This is a risk that any investor makes, and it happens to everybody in the end.

We will not be showing bias to the Syscoin team, but we will also not be caving to the FUD being spread around be a small subset of users. Our role is mediation and arbitration, and we will exercise a neutral viewpoint in order to do this effectively.

tl;dr No refunds.

fucking hell, they apparently don't care about their shattered reputation if they do this lol

[kitey]

didn`t take you couple of clowns long to post did it