[ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY

[AtlanticWaves]

Sovie,

"i have triple the coins you do you smuck so keep you mouth shut,and thats after selling 75% of my position already!"

 

Maybe we can play cards in Vegas?  I'll be the one with the white cane, should give you a fighting chance.

Opinion-ate away my friend, it's obvious to me that The Foundation has been working hard to protect investors in the midst of the chaos that is bureaucracy and regulation. I'm glad The Foundation HAS a legal team, how many crypto coins have a a legal team for Pete's sake!

I'm glad the announcement today wasn't "the going is too tough so we are closing up shop too bad for you". 

Today's announcement was quite the opposite in fact don't you think? 

[AtlanticWaves]

TECHNICAL WALLET QUESTION

For anyone who can help please.  I moved some coins around today using coin control.  After the transaction was completed my primary address is listed in the inputs section but it seems that the coins have been moved to a different address underneath the primary address (a child address in the tree if you will).  Do I need to move those coins back to my primary address or will they move back at some point in time?

I'm not sure if you are going to understand that.....

Scenario:

- Let's say I have an address with 1 SYNC, address XYZ
- Using Coin control I send  0.2 SYNC to address 123
- 0.2 SYNC show immediately in address 123 as planned
- Now however my wallet has a new address JKL listed as a child of address XYZ with the remaining balance of 0.8 in it.  In coin control it shows up UNDER the XYZ address in the directory tree.

When I check the block chain there are no coins listed in XYZ.  Will they move back automatically or do I need to move them back with another coin control transaction?

Thanks!

EDIT: I'm thinking this is a holding address until the coins mature again for staking, a SYNC purgatory if you will LOL, can someone confirm?


EDIT: The above thinking was wrong,  I ended up manually moving the coins back to my primary address through coin control.  BE CAREFUL when moving coins from one address to another inside the same wallet.  If I had not watched carefully I think I would have disqualified myself all the time thinking the coins were safe.  The right number of coins were in my wallet but they had been moved to a new address which was not on record with the foundation!!!!  Phew...

[Dlux75]

Sorry if this a dumb question, I am a whale with well more that 15 sync in my wallet, am I better off using xtra sync an starting another whale account?

[AtlanticWaves]

Sorry if this a dumb question, I am a whale with well more that 15 sync in my wallet, am I better off using xtra sync an starting another whale account?

Hey Dlux,

I'd answer your question but I'm too busy moving coins around and creating an email and bitcoin address for my cat....  wink, wink.

[Dlux75]

Just got me a puppy wink wink

[Real_Unhooked]

So I enrolled in the original Sync Profits program. Is my membership still valid? How can I check it?

[kikigc]

maximum 15 sync? . I have over 30 syncs , should I split it into two wallets? ..
Do not understand, is not suitable have more then 15 syncs on wallet..

[Cor2]

TECHNICAL WALLET QUESTION

For anyone who can help please.  I moved some coins around today using coin control.  After the transaction was completed my primary address is listed in the inputs section but it seems that the coins have been moved to a different address underneath the primary address (a child address in the tree if you will).  Do I need to move those coins back to my primary address or will they move back at some point in time?

I'm not sure if you are going to understand that.....

Scenario:

- Let's say I have an address with 1 SYNC, address XYZ
- Using Coin control I send  0.2 SYNC to address 123
- 0.2 SYNC show immediately in address 123 as planned
- Now however my wallet has a new address JKL listed as a child of address XYZ with the remaining balance of 0.8 in it.  In coin control it shows up UNDER the XYZ address in the directory tree.

When I check the block chain there are no coins listed in XYZ.  Will they move back automatically or do I need to move them back with another coin control transaction?

Thanks!

EDIT: I'm thinking this is a holding address until the coins mature again for staking, a SYNC purgatory if you will LOL, can someone confirm?


EDIT: The above thinking was wrong,  I ended up manually moving the coins back to my primary address through coin control.  BE CAREFUL when moving coins from one address to another inside the same wallet.  If I had not watched carefully I think I would have disqualified myself all the time thinking the coins were safe.  The right number of coins were in my wallet but they had been moved to a new address which was not on record with the foundation!!!!  Phew...

You can avoid this by setting "CHANGE ADDRESS" to your own wallet address

[Scylla]

But I already sent my buyed coins to the adress in this wallet. Are my coins lost??

Your coins are safe as long as you keep your wallet.dat file with the address(es) that you sent the coins to and which contain the
coins already inn your wallet, so make sure that you create (and store securely) a backup copy of your wallet.dat file.
The wallet.dat has the *private* key that is connected to the address where you sent the coins and that key is the important part,
because that key gives you the ability to do with whatever is registered to that address (your coin balance).
The actual registration is not on your PC or even in your wallet - the actual registration is in the block chain which is shared on
hundreds of computers all around the world, so it can't get lost. The only thing your wallet does is to allow you to look into the
blockchain to see your coins and to control the coins in your address(es).
You can re-install a fresh wallet on the same or another computer and then simply overwrite the empty wallet.dat with your backup
of your wallet.dat and then re-start that wallet, you will see your coins appear when that wallet uses your addresses to inspect the
blockchain.
Hope this helps!

Many thanks for you and the rest of community!

It works and I got my coins. Kudos to you! ;-)

[Rb8888]

Hi I have a couple of newb questions and appreciate any help.

1.  I am a sync whale member with over 15 coins in my wallet since before 10/6.  My current total balance showing in wallet is over 15 sync, but my whale-registered sync address only shows 10 sync on the block explorer (the rest are received in two other addresses in the same wallet so that I could identify the source).  Will I still get grandfathered credit for all of my coins (up to 15)?  Is there anything I need to do to combine them?

2.  I run the mac wallet v1.1.0.0 on OSX 10.9.5.  The computer is set to never sleep, and I keep the wallet program open and unlocked (for staking only).  Every morning when I check the computer the wallet program is frozen and needs to be force quit, then reopened and unlocked.  It will then connect and download the new transactions and be fine for a while before the process repeats.  The computer is a mac mini 2.3 GHZ Intel Core i7.  I thought maybe it was a memory issue, and recently upgraded to 16GB ram, but the Sync-Qt is still locking up.

  a.  I haven't seen anyone else here with this problem.  Any ideas for fixes or additional things I should check to isolate the issue?

  b.  Will this workaround process of intermittent staking create negative issues for me under the new rental program?


Thank you!

[TenaciousC]

Hi I have a couple of newb questions and appreciate any help.

1.  I am a sync whale member with over 15 coins in my wallet since before 10/6.  My current total balance showing in wallet is over 15 sync, but my whale-registered sync address only shows 10 sync on the block explorer (the rest are received in two other addresses in the same wallet so that I could identify the source).  Will I still get grandfathered credit for all of my coins (up to 15)?  Is there anything I need to do to combine them?

2.  I run the mac wallet v1.1.0.0 on OSX 10.9.5.  The computer is set to never sleep, and I keep the wallet program open and unlocked (for staking only).  Every morning when I check the computer the wallet program is frozen and needs to be force quit, then reopened and unlocked.  It will then connect and download the new transactions and be fine for a while before the process repeats.  The computer is a mac mini 2.3 GHZ Intel Core i7.  I thought maybe it was a memory issue, and recently upgraded to 16GB ram, but the Sync-Qt is still locking up.

  a.  I haven't seen anyone else here with this problem.  Any ideas for fixes or additional things I should check to isolate the issue?

  b.  Will this workaround process of intermittent staking create negative issues for me under the new rental program?


Thank you!

Got the exact same issue (with less sync thou ) Anyone?
Just do payment to your own address?

[omgnaro]

I was curious to see what SYNC's plan was with the regulatory rumors spinning about issuing illegal securities and shares and such.


I'm glad to see SYNC is adapting to the changing landscape. Most coins/teams would pack up shop, "sorry things changed, we can't do it anymore". The simple truth is that the SYNC Profit Program would definitely qualify to become a target under what seems to be the current regulatory pressure in the US, so cheers to the SYNC team for finding a way to evolve the program into something workable.

FWIW, Mike, I was listening to the panel at the New York Law School earlier today, they had a bunch of crypto people and lawyers discussing regulation. They suggested that if you're an altcoin offering what could be seen as "shares" of some sort, you should make it clear to people that the tokens/coins issued are NOT shares in a company etc. Have a look at the BreakoutCoin (BRO) terms, the coin is probably gonna end up being a scammy piece of crap, but check over their ICO terms, they have some legalese sections that distance themselves from the regulatory concepts. Perhaps SYNC should consider adding similar notices on its official paperwork releases, just to cover your bases.


Very happy to see this announcement today, confidence is bolstered and I look forward to November 18th!

Yup with the annon i finally hit 3 sync

[MrVi]

Ok I would like an answear to my question  :
Why is wallet rental limited to few spots ? There is only 1000+ coins /3 = max 333 spots for wallets rental and you wont let ppl in. (why would you create 1000 coins and let  only half of them be of use). If i had 3 sync in my wallet i should be able to get into wallet rental program. This way sync would be desirable . Right now not many people want it outside US.

[youngg]

Ok I would like an answear to my question  :
Why is wallet rental limited to few spots ? There is only 1000+ coins /3 = max 333 spots for wallets rental and you wont let ppl in. (why would you create 1000 coins and let  only half of them be of use). If i had 3 sync in my wallet i should be able to get into wallet rental program. This way sync would be desirable . Right now not many people want it outside US.

Its a very good question and I will say that little we do is set in stone. Why? Because all this is a grand experiment. We're swimming in muddy water.

One of the reasons for limited program membership is so that rental fees are less diluted, providing higher rewards for all. Another is that we are in the early "beta" stages of this and would prefer a smaller, more controlled test group.

Also a consideration is that we can add spots this way, whereby opening the flood gates is a point of no return.

Yet like I said, we are fluid and adaptable - witness the Rental program - and will let you know that all options are on the table going forward. Assume nothing.

[omgnaro]

Ok I would like an answear to my question  :
Why is wallet rental limited to few spots ? There is only 1000+ coins /3 = max 333 spots for wallets rental and you wont let ppl in. (why would you create 1000 coins and let  only half of them be of use). If i had 3 sync in my wallet i should be able to get into wallet rental program. This way sync would be desirable . Right now not many people want it outside US.

Its a very good question and I will say that little we do is set in stone. Why? Because all this is a grand experiment. We're swimming in muddy water.

One of the reasons for limited program membership is so that rental fees are less diluted, providing higher rewards for all. Another is that we are in the early "beta" stages of this and would prefer a smaller, more controlled test group.

Also a consideration is that we can add spots this way, whereby opening the flood gates is a point of no return.

Yet like I said, we are fluid and adaptable - witness the Rental program - and will let you know that all options are on the table going forward. Assume nothing.

How long does it take for you guys to respond to the wallet rental program emails? I didnt get any automated response either so i hope it went through

[Moonbyte1984]

Anyone tryed to build syncd from sources?

[Moonbyte1984]

Dev, I want to stake on linux with syncd, but make -f makefile.unix give error
Are sources actual?

[iluvcrypto]

Okay, so I decided to hold my SYNC investment a little longer. I curious to see how the rental program does to the price.

[youngwebs]

Dev, I want to stake on linux with syncd, but make -f makefile.unix give error
Are sources actual?

what OS do you have, and what error do you get?!
You will need to install libdb for example and correct version of boost (1.48 or higher)

also try to this command:  make -f makefile.unix USE_UPNP=- this removes the requirement of having the lib for UPNP installed..

[Alejandro Taquito]

Anything new in the works for this coin? It used to be almost even with BTC. Now its half.