Will return to 500 sat
Not very likely...
What's the reasoning behind your negative opinion here? 500 sats is a market cap of ~$830K which doesn't seem very high to me, especially considering the valuations of other projects that are at a much earlier stage.
You can disregard that. Should have said "Very likely." Should not try to do more than 4 things at the same time while posting...
And with the decreased coin count in SYS2 and some enumeration of how many SYS1 are converted to SYS2 maybe we can get a realistic picture of the SYS economy rather than it being "~400mil coins mined thus far... give or take 50-100million SYS lost by the escrow provider.". You can see on the block explorer/richlist that
many of the largest wallets haven't been accessed in over a year, we suspect they never will be accessed due to the failures of our original escrow provider (this is
speculation atm, based on presale buyers who reached out to us complaining they were locked and/or never got their private keys from the escrow provider).
---
Been a while since I swung through here but seb/key/sidhujag been keeping ppl updated. Things are looking very positive for SYS, our last team mtg which took place on Monday involved identifying a number of milestones related to getting current services / exchanges / pools ready for the cutover in addition to reaching out to new services and exchanges that we'd like to announce as SYS2.0 moves to mainnet.
As Keyare mentioned things are on track for a final public beta within the next two weeks. Given this we do expect to have Syscoin 2.0 on mainnet sometime in March so long as nothing major (in terms of bugs) is discovered. While the public tries to break the final beta we'll be reaching out to merchants and service providers so there is some initial population of the marketplace, and its not barren on launch
Even though a lot of people think about a marketplace as a place for purely
goods the SYS offer design supports
services as well! If you or your friends have services you'd like to offer in exchange for BTC/SYS/USD/etc those services can be offered, advertised, resold (if enabled!) and procured all using the SYS marketplace. Additionally the SYS marketplace gives you escrow options and secure communication using SYS keys (no need for 3rd party encryption, just as secure as PGP without needed to use PGP).
These features- aliases, escrow, price pegging, reselling and encrypted messaging are all things we wanted to have in the initial delivery a year ago but simply didn't have the bandwidth, time, or expertise (at the time). Its been a year now- working on SYS for free and holding our coins as we've worked towards a more complete realization of our original vision. Now that time is nearly at hand.
With so many feature and capabilities I definitely am on the lookout for the public testing revealing issues we may not have caught internally. But, I am very confident any issues found will be minor because in the process of the upgrading the core from 0.8 -> 0.11.2 we actually wrapped many of the service features that SYS adds in
unit tests, increasing my confidence in the features and their stability immeasurably and dramatically reducing our regression testing cycles (if you're in software dev, you know!).
Things are lining up and we're plannin on turning on the long-sleeping marketing machine gradually as we ease into this weekend, building momentum from there. This weekend we also plan on
releasing additional information about some of the features we've alluded to but not fully disclosed (yet).
If you are a freelancer looking to offer your services, or a merchant looking to leverage/gain additional exposure and sales via the SYS decentralized marketplace, please reach out to us- we want to help you get setup and answer any questions you may have!And of course of you have questions please ask here, on our
reddit, our
slack or
twitter 
