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Author Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!  (Read 489772 times)
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john312
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August 24, 2014, 02:46:56 PM
 #6821

At this point this is just silly. Botched launch, no clear roadmap for the next few weeks, Moolah locking the funds and no plan to make the coin's value grow (unless nothing public yet). At this point both Syscoin and Moolah seem like a joke. We could end this quicker if the remaining funds were returnd to the investors and coin relaunched under new name with new IPO, because there is no way this can be fixed. Money is where you need to put some effort to find it, not in overpriced ICOs with shade behind the scenes maneuvres. There is no way this coin is going to rise above 600 satoshi (at least not in 2014) because of:
- bagholders desperate to sell
- broken promises
- no plan for the coin
- lack of promoton of working features (people do not care about what was ready at launch, people care about what is being added along the way).
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August 24, 2014, 02:48:56 PM
 #6822

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

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August 24, 2014, 02:51:44 PM
 #6823

IMO the way to make the value grow is to start building all the things that this project promises.  Obviously that needs money to be released so that should be an urgent priority.  I don't think any funds should be used to make buy walls and the like though.  This would be completely pointless and counterproductive.  Value is added through utility and function, not through price manipulation (which can only ever be a short term fix).  Putting up buy walls would be a sign of fear/uncertainty and liable to backfire.  Let's get funds released and start building real value.
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August 24, 2014, 02:55:35 PM
 #6824


This can be tricky as Moolah can use problematic launch, as excuse to hold funds, for as long as they want/need. This is not only about protecting IPO investors, this is also about having in the pocket ~1500BTC that can be invested in market manipulations or another projects.
For the sake of they reputation they should release IPO ASAP. I wish all the best for SYSCOIN Dev team and hope it all works out good for them with Moolah ......



It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.
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August 24, 2014, 03:13:19 PM
 #6825

Moolah should use the 1500 btc to pump syscoin Cheesy
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August 24, 2014, 03:15:28 PM
 #6826

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

Get the latest wallet from OP.
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August 24, 2014, 03:16:05 PM
 #6827

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

We have moved to non-installer based wallets. Please uninstall your current wallet, download the latest windows EXE/ZIP and you will be good to go.


This can be tricky as Moolah can use problematic launch, as excuse to hold funds, for as long as they want/need. This is not only about protecting IPO investors, this is also about having in the pocket ~1500BTC that can be invested in market manipulations or another projects.
For the sake of they reputation they should release IPO ASAP. I wish all the best for SYSCOIN Dev team and hope it all works out good for them with Moolah ......

It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.

It is sensitive and we're working with them. We both want to see the value of this coin grow and yes launching something this dramatically different than other coins is a difficult undertaking, the team (Syscoin) underestimated the scale of this undertaking and yes there were issues at launch which we resolved as quickly as possible and now things are working correctly.

For those asking about roadmaps or no clear path forward - this is why we are locking this thread and moving to a new one. We have posted this information multiple times but its been lost in the avalanche of pages here. To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:

- Merged Mining and Service fee regeneration (we are working on this now on testnet, we have regen working and MM but there was an issue with MM + services which we're ironing out right now). <- this will constitute the NEXT release aka 0.1.4 and will happen very soon, we're not launching things without overly testing now.
- ESCROW. We already have stubs in the code and this is the next feature to be implemented
- END TO END ENCRYPTION USING SYSCOIN KEYS - This is after escrow
- SERVICE FEE SCHEDULE FINALIZATION (after 90 day period, dynamic pricing will go into effect)
- QT WALLET IMPROVEMENTS (services in wallet, with nice UIs)
- (in parallel with the above, the non-C devs on the team): Building web-based service demos on top of all our four launch services all of which are properly functioning.

The above represents a 1-3month roadmap and will be clear in the new post, which will be up later today we were drafting it yesterday but then focused on Merged-mining later in the day.

We will begin shipping rewards this week pending the first payout from the fund, we have all of the gear ready to go out the door!

Syscoin: Business on the Blockchain. - Buy and sell goods and services, send encrypted messages and more all secured by the blockchain.
Syscoin Website | Syscoin Whitepaper | Syscoin Team Price Peg
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August 24, 2014, 03:20:05 PM
 #6828

IMO the way to make the value grow is to start building all the things that this project promises.  Obviously that needs money to be released so that should be an urgent priority.  I don't think any funds should be used to make buy walls and the like though.  This would be completely pointless and counterproductive.  Value is added through utility and function, not through price manipulation (which can only ever be a short term fix).  Putting up buy walls would be a sign of fear/uncertainty and liable to backfire.  Let's get funds released and start building real value.

BTW we totally agree with this- we want to grow value in a real way. Not though walls and price manipulation. We already spent 250btc of the fund on buy support and Moolah is holding that SYS as per the payout schedule communicated earlier. What remains of the fund will be pushed toward additional dev, scaling the team, bringing on FT devs and a community manager to join the existing team and continue executing and expediting the roadmap outlined in my last post. We have 3 new devs we've brought on since launch but have paused growing the team further until we have some of the funding in place which should happen shortly.

Syscoin: Business on the Blockchain. - Buy and sell goods and services, send encrypted messages and more all secured by the blockchain.
Syscoin Website | Syscoin Whitepaper | Syscoin Team Price Peg
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August 24, 2014, 03:20:14 PM
 #6829

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

Get the latest wallet from OP.
is there a new wallet coming out every morning now??? this is the newest one i was told i needed yesterday..
Syscoin-Qt (OSS GUI client for Syscoin) Syscoin_v0.1.3

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August 24, 2014, 03:22:23 PM
 #6830

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

We have moved to non-installer based wallets. Please uninstall your current wallet, download the latest windows EXE/ZIP and you will be good to go.


This can be tricky as Moolah can use problematic launch, as excuse to hold funds, for as long as they want/need. This is not only about protecting IPO investors, this is also about having in the pocket ~1500BTC that can be invested in market manipulations or another projects.
For the sake of they reputation they should release IPO ASAP. I wish all the best for SYSCOIN Dev team and hope it all works out good for them with Moolah ......

It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.

It is sensitive and we're working with them. We both want to see the value of this coin grow and yes launching something this dramatically different than other coins is a difficult undertaking, the team (Syscoin) underestimated the scale of this undertaking and yes there were issues at launch which we resolved as quickly as possible and now things are working correctly.

For those asking about roadmaps or no clear path forward - this is why we are locking this thread and moving to a new one. We have posted this information multiple times but its been lost in the avalanche of pages here. To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:

- Merged Mining and Service fee regeneration (we are working on this now on testnet, we have regen working and MM but there was an issue with MM + services which we're ironing out right now). <- this will constitute the NEXT release aka 0.1.4 and will happen very soon, we're not launching things without overly testing now.
- ESCROW. We already have stubs in the code and this is the next feature to be implemented
- END TO END ENCRYPTION USING SYSCOIN KEYS - This is after escrow
- SERVICE FEE SCHEDULE FINALIZATION (after 90 day period, dynamic pricing will go into effect)
- QT WALLET IMPROVEMENTS (services in wallet, with nice UIs)
- (in parallel with the above, the non-C devs on the team): Building web-based service demos on top of all our four launch services all of which are properly functioning.

The above represents a 1-3month roadmap and will be clear in the new post, which will be up later today we were drafting it yesterday but then focused on Merged-mining later in the day.

We will begin shipping rewards this week pending the first payout from the fund, we have all of the gear ready to go out the door!

Keep it up Dano. Smiley

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August 24, 2014, 03:25:38 PM
 #6831

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

We have moved to non-installer based wallets. Please uninstall your current wallet, download the latest windows EXE/ZIP and you will be good to go.


This can be tricky as Moolah can use problematic launch, as excuse to hold funds, for as long as they want/need. This is not only about protecting IPO investors, this is also about having in the pocket ~1500BTC that can be invested in market manipulations or another projects.
For the sake of they reputation they should release IPO ASAP. I wish all the best for SYSCOIN Dev team and hope it all works out good for them with Moolah ......

It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.

It is sensitive and we're working with them. We both want to see the value of this coin grow and yes launching something this dramatically different than other coins is a difficult undertaking, the team (Syscoin) underestimated the scale of this undertaking and yes there were issues at launch which we resolved as quickly as possible and now things are working correctly.

For those asking about roadmaps or no clear path forward - this is why we are locking this thread and moving to a new one. We have posted this information multiple times but its been lost in the avalanche of pages here. To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:

- Merged Mining and Service fee regeneration (we are working on this now on testnet, we have regen working and MM but there was an issue with MM + services which we're ironing out right now). <- this will constitute the NEXT release aka 0.1.4 and will happen very soon, we're not launching things without overly testing now.
- ESCROW. We already have stubs in the code and this is the next feature to be implemented
- END TO END ENCRYPTION USING SYSCOIN KEYS - This is after escrow
- SERVICE FEE SCHEDULE FINALIZATION (after 90 day period, dynamic pricing will go into effect)
- QT WALLET IMPROVEMENTS (services in wallet, with nice UIs)
- (in parallel with the above, the non-C devs on the team): Building web-based service demos on top of all our four launch services all of which are properly functioning.

The above represents a 1-3month roadmap and will be clear in the new post, which will be up later today we were drafting it yesterday but then focused on Merged-mining later in the day.

We will begin shipping rewards this week pending the first payout from the fund, we have all of the gear ready to go out the door!

Looking forward to reading the roadmap and getting my goodies.  Smiley

Any news on payouts for the bounties?

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August 24, 2014, 03:32:42 PM
 #6832

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

Get the latest wallet from OP.
is there a new wallet coming out every morning now??? this is the newest one i was told i needed yesterday..
Syscoin-Qt (OSS GUI client for Syscoin) Syscoin_v0.1.3

No but we do work to update any issues we find ASAP. The QT wallets were impacted by issues relating to the display of the services pages so we removed them and also removed the installer-based approach. These new wallets address "hanging" issues / the error you screencap'd in your post.

this is the error im continually getting after opening the wallet. i have to uninstall and reinstall for it to work and it only works one time before it errors out.

We have moved to non-installer based wallets. Please uninstall your current wallet, download the latest windows EXE/ZIP and you will be good to go.


This can be tricky as Moolah can use problematic launch, as excuse to hold funds, for as long as they want/need. This is not only about protecting IPO investors, this is also about having in the pocket ~1500BTC that can be invested in market manipulations or another projects.
For the sake of they reputation they should release IPO ASAP. I wish all the best for SYSCOIN Dev team and hope it all works out good for them with Moolah ......

It's a sensitive situation - from Moolah's perspective, I'm sure they're worried about doing something in some way, or making some unintended mistake, that could come back to haunt them later, almost no matter what they do. The whole situation is a mess.

It is sensitive and we're working with them. We both want to see the value of this coin grow and yes launching something this dramatically different than other coins is a difficult undertaking, the team (Syscoin) underestimated the scale of this undertaking and yes there were issues at launch which we resolved as quickly as possible and now things are working correctly.

For those asking about roadmaps or no clear path forward - this is why we are locking this thread and moving to a new one. We have posted this information multiple times but its been lost in the avalanche of pages here. To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:

- Merged Mining and Service fee regeneration (we are working on this now on testnet, we have regen working and MM but there was an issue with MM + services which we're ironing out right now). <- this will constitute the NEXT release aka 0.1.4 and will happen very soon, we're not launching things without overly testing now.
- ESCROW. We already have stubs in the code and this is the next feature to be implemented
- END TO END ENCRYPTION USING SYSCOIN KEYS - This is after escrow
- SERVICE FEE SCHEDULE FINALIZATION (after 90 day period, dynamic pricing will go into effect)
- QT WALLET IMPROVEMENTS (services in wallet, with nice UIs)
- (in parallel with the above, the non-C devs on the team): Building web-based service demos on top of all our four launch services all of which are properly functioning.

The above represents a 1-3month roadmap and will be clear in the new post, which will be up later today we were drafting it yesterday but then focused on Merged-mining later in the day.

We will begin shipping rewards this week pending the first payout from the fund, we have all of the gear ready to go out the door!

Looking forward to reading the roadmap and getting my goodies.  Smiley

Any news on payouts for the bounties?

Thanks! We're looking forward to shipping them out as they'll get more awareness around Syscoin in general. Bounty payouts in SYS have already started if you are owed something and haven't been paid please contact sebastien1234 from the team. BTC bounties are getting paid out as soon as we receive the first portion of the funding which we're waiting on but hoping for today.

Syscoin: Business on the Blockchain. - Buy and sell goods and services, send encrypted messages and more all secured by the blockchain.
Syscoin Website | Syscoin Whitepaper | Syscoin Team Price Peg
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August 24, 2014, 03:39:45 PM
 #6833

can't figure out why people sell their coins at such low price,i trust the dev and moolah.
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August 24, 2014, 03:41:08 PM
 #6834

can't figure out why people sell their coins at such low price,i trust the dev and moolah.

It's quite simple. People were selling at 518 satoshi, because they knew they will be able to rebuy at 418.
Probably now people are selling at 350, becuse they know they will be able to rebuy it at 250.
Even if they believe in the coin, they want to multiply their sys this way.
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August 24, 2014, 03:50:32 PM
 #6835


[/quote]
is there a new wallet coming out every morning now??? this is the newest one i was told i needed yesterday..
Syscoin-Qt (OSS GUI client for Syscoin) Syscoin_v0.1.3
[/quote]

No but we do work to update any issues we find ASAP. The QT wallets were impacted by issues relating to the display of the services pages so we removed them and also removed the installer-based approach. These new wallets address "hanging" issues / the error you screencap'd in your post.

the one i just downloaded (it was the same wallet as i downloaded last night) did the same thing. it runs and downloads the chain, scans and then i get the same error. let me know when you fix it. until then all SYS mining proceeds go to the exchange.

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August 24, 2014, 03:50:51 PM
 #6836

Moolah should give some kind of statement in regards of this. They looked awesome with handling the situation on the launch, but now something is fishy...

Moolah should give the money to the devs or return it to the investors.

AT NO TIME DID THE INVESTORS AGREE TO ALLOW MOOLAH TO HOLD THE FUNDS FOR THEMSELVES INDEFINITELY.

Agreed.

Is there an official statement on why Moolah is not releasing the first 250 BTC?

Not particularly impressed with Moolah at this stage and would be very wary of investing through them again unless they rectify the situation quick smart!



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August 24, 2014, 03:59:45 PM
 #6837

the one i just downloaded (it was the same wallet as i downloaded last night) did the same thing. it runs and downloads the chain, scans and then i get the same error. let me know when you fix it. until then all SYS mining proceeds go to the exchange.

If you're redownloading the windows wallet that fixes this issue did you clear your old data first (in roaming folder)? If you did and this is still a problem this would be the first report we've had of such an issue with this win wallet- please send your debug.log to dan@syscoin.org so we can further analyze and assist, thanks.

Moolah should give some kind of statement in regards of this. They looked awesome with handling the situation on the launch, but now something is fishy...

Moolah should give the money to the devs or return it to the investors.

AT NO TIME DID THE INVESTORS AGREE TO ALLOW MOOLAH TO HOLD THE FUNDS FOR THEMSELVES INDEFINITELY.

Agreed.

Is there an official statement on why Moolah is not releasing the first 250 BTC?

Not particularly impressed with Moolah at this stage and would be very wary of investing through them again unless they rectify the situation quick smart!


Moolah wants to make sure we came through on our commitments and didn't just slack off given the shaky launch. We have spoken with them and will issue a statement Tuesday once the official paperwork is complete but things are all good Smiley in the interim I can say we are starting to roll out BTC bounty payments to those owed and will start shipping rewards as well! Going to be another busy day!

Syscoin: Business on the Blockchain. - Buy and sell goods and services, send encrypted messages and more all secured by the blockchain.
Syscoin Website | Syscoin Whitepaper | Syscoin Team Price Peg
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August 24, 2014, 04:02:57 PM
 #6838

can't figure out why people sell their coins at such low price,i trust the dev and moolah.

its so they can buy back cheaper once other people sell...or cutting loses as price continues to plummet

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August 24, 2014, 04:04:31 PM
 #6839


Moolah wants to make sure we came through on our commitments and didn't just slack off given the shaky launch. We have spoken with them and will issue a statement Tuesday once the official paperwork is complete but things are all good Smiley in the interim I can say we are starting to roll out BTC bounty payments to those owed and will start shipping rewards as well! Going to be another busy day!


@danosphere what about the new thread ?

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August 24, 2014, 04:13:51 PM
 #6840


Moolah wants to make sure we came through on our commitments and didn't just slack off given the shaky launch. We have spoken with them and will issue a statement Tuesday once the official paperwork is complete but things are all good Smiley in the interim I can say we are starting to roll out BTC bounty payments to those owed and will start shipping rewards as well! Going to be another busy day!


@danosphere what about the new thread ?

Coles

?? one page back he talked about it.

To reiterate, and this will be clearly posted in the new thread later today [ROADMAP]:
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