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Author Topic: [ANN] Syscoin- FINAL 2.0 LAUNCHED! *ENCRYPTION, MARKETPLACE, BTC INTEGRATION*  (Read 582122 times)
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October 19, 2014, 02:35:06 PM
 #2001


So the developers rip off the investors and then the escrow hijacks the funds. You couldn't make it up. What a sorry little tale of rapacious greed. The simple lesson is not to trust IPOs.

Developers DIDN'T rip off investors, that is getting your facts wrong. This WHOLE situation is Moolah/Ryan Gentle, everything. The launch was not that bad, some minor bumps, but they should have gotten funds from Ryan asap afterwards.

Ryan is now found out to be known scammer and set up moolah company playing off as a legit company, but he's a scammerartist.

This has nothing at all to do with syscoin itself as a coin, and developers, development and future projects of this coin.

If your mad, then Ryan Gentle is the man you should be taking your anger out on.

I'm not mad. I bought and sold (at a loss) after the IPO fiasco. But I still have a copy of the original totally dysfunctional wallet first released after the IPO. None of the promises made for the IPO were upheld with that release, none of the refund promises were upheld, and instead Moolah held onto the funds to ensure that the developers worked on fixes for that abortion of a release.

And now Moolah have embezzled the funds. I'm thinking of having talks with Spielberg's agents about a movie or mini-series.


+1. Excellent summary. Moolah's not the only one to blame for this sorry mess. A smooth, solid launch that had delivered on promises would've averted all this.

You dont know that!! The Chances are now that Moolah was all a long con and however well SYS had performed at launch he still would hav e found a way to delay payment.

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October 19, 2014, 02:39:07 PM
 #2002

Maybe we should be making a bounty fund, SYS and BTC??

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October 19, 2014, 02:58:33 PM
 #2003

You dont know that!! The Chances are now that Moolah was all a long con and however well SYS had performed at launch he still would hav e found a way to delay payment.

You hit the nail on the head. The IPO very likely would have disappeared either way.
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October 19, 2014, 03:15:50 PM
 #2004

all the links on scammer ryan kennedy
https://bitcointalk.org/index.php?topic=824211.0

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October 19, 2014, 03:17:55 PM
 #2005

You dont know that!! The Chances are now that Moolah was all a long con and however well SYS had performed at launch he still would hav e found a way to delay payment.

You hit the nail on the head. The IPO very likely would have disappeared either way.

The only thing SYS did wrong was trusting Moolah and 'Alex Green' , something 80% of the crypto community seemed to do as well.

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October 19, 2014, 03:33:12 PM
 #2006

What's the next of Syscoin? Will DEV honor the current development plan?

Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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October 19, 2014, 03:40:15 PM
 #2007

What's the next of Syscoin? Will DEV honor the current development plan?

They said they will but in cryptocurrency slow and steady loses the race,already prices are decreasing.
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October 19, 2014, 03:56:28 PM
 #2008

What's the next of Syscoin? Will DEV honor the current development plan?

Once the btc they have is gone how long will the lead dev or any of the other devs work for free is the question. Assuming no additional money will come in and the coin price never recovers due to no adoption of the syscoin platform.

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October 19, 2014, 03:59:35 PM
 #2009

Who profits from this clusterfuck with Moolah, the lawyers!!!

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October 19, 2014, 04:15:38 PM
 #2010

Why would you make that assumption? Simply to drive the price further downward before filling your pockets just prior to SYS making a recovery? We call that FUD manipulation in Detroit.

Assuming no additional money will come in and the coin price never recovers due to no adoption of the syscoin platform.

I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant.
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October 19, 2014, 04:27:19 PM
 #2011

I hope SYS will start trading on BTER soon as a replacement to mintpal..
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October 19, 2014, 04:31:04 PM
 #2012

You dont know that!! The Chances are now that Moolah was all a long con and however well SYS had performed at launch he still would hav e found a way to delay payment.

You hit the nail on the head. The IPO very likely would have disappeared either way.

The only thing SYS did wrong was trusting Moolah and 'Alex Green' , something 80% of the crypto community seemed to do as well.

This is the truth, being here from IPO and start of this, rocky start was not all that rocky, it was alex green aka ryan gentle that created all the FUD and problems for syscoin. If not for him and this coin would be doing amazing right now.

Which is why i support in full the lawsuit against him and criminal charges if that can happen. He's a crook and has hurt not only syscoin, but all of crypto community.

Syscoin will recover fine, nothing has changed, and development continues. Go to IRC and talk with developers if you have questions and don't believe things are still rolling with syscoin developement. Aside from Ryan situation, this coin has not stopped since before launch.

One day people are gonna look back at the prices of this coin in amazement as to how this coin could be so low in prices with some of the best innovation in cryptos.
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October 19, 2014, 04:57:35 PM
 #2013

Syscoin will recover fine, nothing has changed, and development continues.

Plus...  IF no BTC are recovered...  devs' interests will be aligned (even more so) with a future value increase of Syscoin since they will only be holding SYS!   Wink

Absolutely, they own probably most syscoin now, as it was returned from moolah/ryan gentle. Which was only thing returned so far. But I'm sure they bought into the IPO and probably buying also on dips. They believe in their own work.

I support syscoin cause the developers are most honest and transparent in cryptos to date. Their is rarely times when someone isn't in IRC to talk to. They take time out to answer questions, and update community, not to mention the tech is groundbreaking stuff.

People, this FUD will pass, BTC or not, this coin like others before it that did well, didn't need BTC IPO to make them do well. Look at DOGE, PND, Blackcoin, ect. These were coins without BTC IPO's. They did great. Plus these coins don't have the tech or second generation crypto 2.0 tech to them.

EXTRA Side story:

I want to share a story with community here about patience. If those that remember PND coin launching back last winter, it was little known coin when wolong was launching his scamcoin, to counter wolongs scam. PandacoinPND i mined from the very beginning launch. I also bought a lot cheaply. I don't know for sure, but I'd be safe to say I owned probably the most PND coin out there, 6 billion coins, out of 32 billion. It went through a pump and dump, and I lost patience and confindence in this coin, and cashed out.

It was in the latoshi market when i cashed out. Now look at this coin months later, it's around number 23 on coinmarket cap, and has attracted many community members and pushing forward.

To put things in perspective, on richlist the biggest wallet is 1 billion coins, I had 6 billion. If I i had just hung on to my coins, and just forgot about them I think i figured it was about 600 BTC worth that I mined and bought for pennies litterally. I was biggest wallet, not have nothing.

So looking at syscoin and the fact they are not going anywhere, and keep pushing forward they are kinda in same boat when confidence was lost, but those that know what's going on are buying it.

I fully expect syscoin in 6-12 months to do even better than PND coin did.

Patience, this is a long coin, and you'll be rewared handsomely most likely if you just stick with it and wait for the FUD to pass.
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October 19, 2014, 05:02:55 PM
 #2014

Lol karma is a Bitch, you still shall receive no pity from me. You lost a lot of investors money by botching the launch with your wallet fiasco. I'm glad Ryan took your btc, well played lol

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October 19, 2014, 05:10:13 PM
 #2015

Here's an idea Ryan, if you're reading this simply return btc to all investors instead bypassing legal troubles with syscoin and just state the truth : that syscoin didn't release a working product.

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October 19, 2014, 05:12:00 PM
 #2016

Downloaded latest release, but the blockchain is not downloading.

Anyone can point me to the official .conf?

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October 19, 2014, 05:58:04 PM
 #2017

I feel this should mean the dev's should pick up the pace on the more impacting public facing applications of syscoin. For example, the decentralized marketplace. This would send the practicality of syscoin through the roof and make it no longer "just another alt" (it currently is 'just another' in all reality). With the practicality spike, the price would follow. The price spike would shut up the cry babies who didn't get rich quick, and would satisfy more monetary needs of the dev team.

Designing and developing the release candidate things, whatever they are, has played no role in the practicality of syscoin unfortunately. I don't even understand how it is incorporated to the original feature set we all were promised. My not understanding, is caused by 1 of two things, 1: I haven't read enough (I've been all over the place on the web, in the articles, this thread, the social media outlets, so guessing there is no interesting info on it out there as it's really not that interesting) or 2: it wasn't in the original plan of features.

In other words, with moolah's failures, and money lost, could we get some real feature development now? That will be what increases the value of a syscoin, what you can do with it.

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October 19, 2014, 06:21:19 PM
 #2018

Downloaded latest release, but the blockchain is not downloading.

Anyone can point me to the official .conf?

Same here. I am stuck on block "N/A" according to the client. Addnodes anyone? conf file?


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October 19, 2014, 06:34:44 PM
 #2019

Downloaded latest release, but the blockchain is not downloading.

Anyone can point me to the official .conf?

Same here. I am stuck on block "N/A" according to the client. Addnodes anyone? conf file?


Downloaded latest release, but the blockchain is not downloading.

Anyone can point me to the official .conf?

Please hold. Our last official technical-tie to Moolah was cut today (DNS SEED) which is causing these errors. We have our own seed up and ready, and will release a fixed binary before the end of the day we do apologize for the issues, juggling a number of items right now and appreciate everyone's patience.

This issue will also impact 0.1.4c most likely until the new 0.1.5 RC is up, we will have this ready in <4hrs.

I feel this should mean the dev's should pick up the pace on the more impacting public facing applications of syscoin. For example, the decentralized marketplace. This would send the practicality of syscoin through the roof and make it no longer "just another alt" (it currently is 'just another' in all reality). With the practicality spike, the price would follow. The price spike would shut up the cry babies who didn't get rich quick, and would satisfy more monetary needs of the dev team.

Designing and developing the release candidate things, whatever they are, has played no role in the practicality of syscoin unfortunately. I don't even understand how it is incorporated to the original feature set we all were promised. My not understanding, is caused by 1 of two things, 1: I haven't read enough (I've been all over the place on the web, in the articles, this thread, the social media outlets, so guessing there is no interesting info on it out there as it's really not that interesting) or 2: it wasn't in the original plan of features.

In other words, with moolah's failures, and money lost, could we get some real feature development now? That will be what increases the value of a syscoin, what you can do with it.

We're working on it. You know that the money lost via Moolah's failings was money intended to directly fuel development. Its natural to expect a slight pause in development from us in this respect as we rework budgets and partner agreements with other parties since our operating capital has been cut by 60% until the resolution of this legal case is seen through to its eventual end.

As stated previously we aren't stopping development, but recent events have had a major impact on our ability to hire new devs, promoters, etc. We are having a team meeting today, and will have an official blog post later today that covers all these topics. Please appreciate the effect losing 60% of funding overnight has- its not something that can easily be ignored even though we will definitely carry on!

Accumulation at these low prices wouldn't be a terrible idea...

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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October 19, 2014, 06:37:34 PM
 #2020

addnode=seed.syscoin.tk
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