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

[Soul_eater_123]

I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

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[peels]

At 100 sat mining is around 0.18 btc a day.

Eventually presale buyers will stop dumping. It's not like this is a dead coin.

If there is a lot of fee dumping that means people are using the coin which means people are buying.

Eventually the coin will have no volume as people are waiting for the services to evolve.

Miners can dump half a bitcoin a day if price stays around here. I doubt that'll knock the price down much over time.

I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

Look at something like dark coin. Still being mined, whales in it, high market cap, around 20btc worth being mined a day. People are hoping in the future dark does something.

SYS has services people can use and it'll only get better and easier.

[klopper]

I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

Yet, blackcoin went to 90k, so if we look at supply 20k is highly possible.

Remember VeriCoin had wallet issues, traded at 700 sat for a long time.

[cryptzo]

I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

I'd say pinkcoin is horribly undervalued. But they didn't have a huge ICO where everyone paid an average of 500 sats. SYS is doing something huge and innovative here, and the market cap right now is what? 650k or something?

[Soul_eater_123]

I think 10K sat is reasonable price.

Not with 300 million plus coins.  Look at the price of something similar e.g. Pinkcoin.  Pinkcoin doesn't even have the worry of more coins being produced.

Yet, blackcoin went to 90k, so if we look at supply 20k is highly possible.

This isn't blackcoin and the market is in a completely different position now.  I don't think the kinds of stratospheric rises from earlier in the year are going to happen as often as they used to (if at all).  Also from a standpoint of logic and reason the price should rise but markets don't function on anything quite so simple.  Human psychology is king here and when people see a coin total of 2 billion in addition to the botched launch and low value it scares them away.  Reason and rationality won't fix that.

[Cryptourologist]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?



followed by

[Skydog]

I love you sys dev team <3

Just wanted to get this out.

[peels]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?

Most likely due to your wallet.dat

Assuming you have a backup of it just put the backup in the syscoin folder and replace the other one.

Then open the wallet.

Should work.

[chinchs]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?

Most likely due to your wallet.dat

Assuming you have a backup of it just put the backup in the syscoin folder and replace the other one.

Then open the wallet.

Should work.

Dev, are you going to switch to new thread? I think almost all issues from wallet were solved.

[snipsnoop]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?



followed by

Backup wallet (Always have multiple copies).. Then try
 -reindex -rescan

Let me know how you get on.

[danosphere]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?



followed by

This was fixed int he 0.1.3 release 2 which we updated for windows. Download the latest 0.1.3 windows wallet, clean you chain data and rerun the wallet. If you used an installer please uninstall first. If you need help the team is constantly in #Syscoin on freenode for much faster help.

Dev, are you going to switch to new thread? I think almost all issues from wallet were solved.

Yes, working on the new, clean thread now. Will be locking and moving later today


We are working on a lot of things right now, the overnight-merged-mining tests are strong so far and we're just waiting a few more hours on the testnet before talking about releasing this to the public. This will introduce a much higher hash rate to the network. We also have restored regenerated service fees for miners and it appears to be working well- this means rewards much > 128SYS for miners meaning more miners! Testing and retesting before getting a new build together.

We are still waiting for fund release from Moolah and I would be remiss if I didn't say this is really slowing down progress at this point. We have several services that have been developed for us by bounty-seekers which we cannot release until we pay them, and we have nothing to pay them with right now. We have developers that are helping us but they need payment too. This is one of the biggest impediments to our growing Syscoin. Our core team is still working very hard. We spent all our personal funds getting things together for the launch and have exercised more of our personal funds through launch (yes, we are now in debt). Its like trying to launch a rocket with no fuel. We're hoping to get some funds ASAP, we need them badly. Once we're past that things should really start moving, until then i feel like we're in slow motion waiting.

[tazmania]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

[WarNeverChanges]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

Moolah holding the funds is protecting us. Not that I don't trust the devs, but as they are essentially getting paid in portions by Moolah, they need to keep performing in order to get some funding... To me, this is proof that this coin will last, as the devs can't scam us in any way with Moolah on board.

[peels]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

Moolah holding the funds is protecting us. Not that I don't trust the devs, but as they are essentially getting paid in portions by Moolah, they need to keep performing in order to get some funding... To me, this is proof that this coin will last, as the devs can't scam us in any way with Moolah on board.

Constant updates, bug fixes, launched a coin, features are working, people are contributing, miners are mining, people are more and more satisfied but this isn't good enough for Moolah to release even a portion of the funds.

I'm all for 200btc a month if that's what the team agreed on but that first 200btc should have been released at launch at least.

[professionalcasual]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?

https://i.imgur.com/AxxTTxv.png

followed by

https://i.imgur.com/tisNGWh.png

I've had this problem a few times. (edit : once ever after the most recent update)

I just ended up deleting everything except for wallet.dat in appdata/roaming a few times and after a few tries the wallet finished syncing with the network. A few times it just got stuck on a certain block and would never finish syncing.

Beyond that importing a backup wallet should fix it, but if you're willing to be patient it doesn't seem completely necessary.

[Cryptourologist]

I may have missed it and don't feel like sifting through 300 pages. How can I fix this?



followed by

This was fixed int he 0.1.3 release 2 which we updated for windows. Download the latest 0.1.3 windows wallet, clean you chain data and rerun the wallet. If you used an installer please uninstall first. If you need help the team is constantly in #Syscoin on freenode for much faster help.

Dev, are you going to switch to new thread? I think almost all issues from wallet were solved.

Yes, working on the new, clean thread now. Will be locking and moving later today

The wallet I use is the latest one. I eventually managed to salvage my SYS by synching from scratch with a new wallet, then replacing the wallet with my old one and sending SYS to the new wallet's address just in time before it crashed again. Then I deleted the old wallet and switched to the new one.

[carlb007]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

They were very quick to withhold funds when things didnt go to plan, so should be equally as responsive at providing the funds when applicable - IE now.

As far as i can see the team seem ontop of their game, are continually trying to juggle the dev work/bug fixing, keep us updated and pay for external resources building whilst being stifled by Moolah who appears to be treating them like a naughty child who doesnt deserve their pocket money.

Better watch out - they'll have you washing their pots and polishing their shoes next.

Moolah needs to step up fast at this stage.

[danosphere]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

They were very quick to withhold funds when things didnt go to plan, so should be equally as responsive at providing the funds when applicable - IE now.

As far as i can see the team seem ontop of their game, are continually trying to juggle the dev work/bug fixing, keep us updated and pay for external resources building whilst being stifled by Moolah who appears to be treating them like a naughty child who doesnt deserve their pocket money.

Better watch out - they'll have you washing their pots and polishing their shoes next.

Moolah needs to step up fast at this stage.

We are frustrated and concerned as well. We are trying to be patient but watching the price slide as we wait for funding is certainly tough on the entire team/families (and the community as well I'm sure). We're still working hard on the core code and improvements but have so much waiting to go pending paying people, and so many devs who have jumped on to help us that deserve payment we cannot yet provide. We aren't trying to dump SYS to get the BTC we need to pay these people, we already have it sitting in that fund.

[welchy8764]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

Moolah holding the funds is protecting us. Not that I don't trust the devs, but as they are essentially getting paid in portions by Moolah, they need to keep performing in order to get some funding... To me, this is proof that this coin will last, as the devs can't scam us in any way with Moolah on board.

It sounds like the funds are being used to pay sub contractors and vendors for enhancements. No reason why they should hold back funds unless there is an agreed upon milestone that has not been reached. I think its in the interest of all the investors for this coin to start showing its true potential.

[danosphere]

It upsets me Moolah is holding the funds like a hostage. You give a little but get nothing back. Damn terrorists.

Moolah holding the funds is protecting us. Not that I don't trust the devs, but as they are essentially getting paid in portions by Moolah, they need to keep performing in order to get some funding... To me, this is proof that this coin will last, as the devs can't scam us in any way with Moolah on board.

And as I've mentioned we are agreeable to this but need some items added to the agreement. The issue is we haven't gotten anything yet, we returned the 250btc we initially received immediately upon issues arising and are now operating on 0btc.

We requested a few small changes to the agreement we feel are reasonable: the 1000btc being siphoned out over 4 months be put in a public wallet for all to see. We also want the SYS that was purchased using 250btc (approved by us- approx 60mil) for buy support be in a public wallet as well (paid in month 5). Concrete terms around the development commitment from Moolah and concrete expectations each month related to the monthly fund release and exact day each month funds will be released- this is important for budget planning. We are now waiting.