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nickenburg
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March 10, 2016, 11:26:00 PM |
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there is rumor around sys will on Azure soon?
What is that rumor? I Also would like to know dano is is smarter to buy Sys now or after the transformation. Because I have read if you have like 3 coins now you will end up with 1 is that true? And is that only because there where to many coins available? I talked to my brother today and told him about this, he said sounds good give me 10k of them  But I dont want to buy 10k for him and then he ends up with only 3k, so what is the smartest thing to do here? |
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Coffee.Cup
Member
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Activity: 121
Merit: 10
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March 11, 2016, 12:38:16 AM |
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there is rumor around sys will on Azure soon?
What is that rumor? I Also would like to know dano is is smarter to buy Sys now or after the transformation. Because I have read if you have like 3 coins now you will end up with 1 is that true? And is that only because there where to many coins available? I talked to my brother today and told him about this, he said sounds good give me 10k of them But I dont want to buy 10k for him and then he ends up with only 3k, so what is the smartest thing to do here? From my understanding coins will be split when the transfer happens at 299.4 to 1. So that means if you have 1000 SYS right now, once the transfer completes you will effectively have 3.34001336 SYS. |
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danosphere (OP)
Legendary
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Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
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March 11, 2016, 02:21:56 AM |
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What is that rumor? I Also would like to know dano is is smarter to buy Sys now or after the transformation. Because I have read if you have like 3 coins now you will end up with 1 is that true? And is that only because there where to many coins available? I talked to my brother today and told him about this, he said sounds good give me 10k of them But I dont want to buy 10k for him and then he ends up with only 3k, so what is the smartest thing to do here? From my understanding coins will be split when the transfer happens at 299.4 to 1. So that means if you have 1000 SYS right now, once the transfer completes you will effectively have 3.34001336 SYS. @coffecup is correct. @nickenburg yes we reduced the overall supply because we felt 2billion coins was too much and also to increase the perception of scarcity. In terms of you actual holdings you won't lose anything, you're wallet balance scales proportionally with the supply reduction at a rate of 299.4:1. The new mining schedule also releases fewer coins per day vs. today's schedule and Syscoin 2.0 has a built in inflation/deflation mechanism based on service usage (services being defined as Syscoin specific services). I'd recommend buying before the transformation for-sure. I'd actually recommend buying as soon as you can reasonably do so. Also as some may have seen via Twitter and our Slack we have another news/blog announcement coming Monday/Tuesday of next week. |
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Wosterlee
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March 11, 2016, 10:04:54 AM |
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From my understanding coins will be split when the transfer happens at 299.4 to 1.
So that means if you have 1000 SYS right now, once the transfer completes you will effectively have 3.34001336 SYS.
Yes, when the conversion happens, the number of coins in your wallet will be divided by 299.4, but now the value of each coin will multiply with 299.4 (BTC/dollar/euro). I guess they don't teach basic math at school anymore... Bought some more SYS by the way. Keep stacking  |
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nickenburg
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March 11, 2016, 12:14:07 PM |
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What is that rumor? I Also would like to know dano is is smarter to buy Sys now or after the transformation. Because I have read if you have like 3 coins now you will end up with 1 is that true? And is that only because there where to many coins available? I talked to my brother today and told him about this, he said sounds good give me 10k of them But I dont want to buy 10k for him and then he ends up with only 3k, so what is the smartest thing to do here? From my understanding coins will be split when the transfer happens at 299.4 to 1. So that means if you have 1000 SYS right now, once the transfer completes you will effectively have 3.34001336 SYS. @coffecup is correct. @nickenburg yes we reduced the overall supply because we felt 2billion coins was too much and also to increase the perception of scarcity. In terms of you actual holdings you won't lose anything, you're wallet balance scales proportionally with the supply reduction at a rate of 299.4:1. The new mining schedule also releases fewer coins per day vs. today's schedule and Syscoin 2.0 has a built in inflation/deflation mechanism based on service usage (services being defined as Syscoin specific services). I'd recommend buying before the transformation for-sure. I'd actually recommend buying as soon as you can reasonably do so. Also as some may have seen via Twitter and our Slack we have another news/blog announcement coming Monday/Tuesday of next week. Ok yes that sounds logical,the price is already going up I see today, on yobit and on Poloniex did anything happen? So the value of the Sys coin with that switch will stay the same or only gets higher? And about the Sys wallet because I haven't downloaded that yet, should I already download the wallet and store my coins there? Did buy some more quickly since the price is rising today! |
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topcat363
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March 11, 2016, 04:36:56 PM |
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when is the 299 to 1 switch taking place?
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Porsche911
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Activity: 105
Merit: 10
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March 11, 2016, 04:46:01 PM |
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danosphere (OP)
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Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
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March 11, 2016, 04:55:52 PM |
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Ok yes that sounds logical,the price is already going up I see today, on yobit and on Poloniex did anything happen? So the value of the Sys coin with that switch will stay the same or only gets higher? And about the Sys wallet because I haven't downloaded that yet, should I already download the wallet and store my coins there? Did buy some more quickly since the price is rising today! After switch the price will scale with the decrease in supply, so will only get higher. In terms of download wallet or store coins on exchange- its up to you, they are safe either way as long as you've purchased them before the transition. I always advise people to store large amount of coins off of exchange for security reasons, and always backup your wallet. when is the 299 to 1 switch taking place?
Happens after Syscoin 2.0 is released in "final" form, we estimate this will occur around the end of March. When we have a firm date we'll advertise it loudly. Thanks for taking the time to write about Syscoin! For those looking for the direct link, here it is! |
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Porsche911
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Activity: 105
Merit: 10
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March 11, 2016, 05:13:52 PM |
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Interview with syscoin will be up in several hours. Please be patient. I apologize for the delay. Your Dominik
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JanDzban
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March 11, 2016, 06:28:22 PM |
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 so cute
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Porsche911
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Activity: 105
Merit: 10
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March 11, 2016, 06:39:50 PM |
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taxmanmt5
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Activity: 1190
Merit: 1024
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March 12, 2016, 06:24:35 PM |
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Today i could a see a lot of Volume & Interest shown by Members on Syscoin at Poloniex
Its good to see many an Updates and Interview with Mr.DANO is really nice
Keep Developing we will be interested in holding a stake
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MaGNeT
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Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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March 14, 2016, 09:55:53 PM |
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https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/Syscoin
Syscoin's suite of blockchain-enabled services provide merchants the ability to buy and sell goods and services, encrypted messaging, escrow, digital asset storage, reselling and more. Syscoin also provides a replacement for typical blockchain addresses, known as aliases; providing ease-of-use.
The goal of Syscoin is to integrate with major centralized marketplace and e-commerce platforms to help ease merchants transition from centralized marketplace solutions to decentralized, blockchain-based marketplaces with lower costs, better reliability and a much higher level of redundancy. Test it out.
Price is shooting up at PoloniEx
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xxxgoodgirls
Legendary
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Activity: 1092
Merit: 1001
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March 14, 2016, 10:30:01 PM |
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Well, incredible
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Noolz39
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March 14, 2016, 11:10:51 PM |
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Well, incredible
price will rise? |
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cyberhacker
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Activity: 1330
Merit: 1000
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March 15, 2016, 12:32:06 AM |
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now every coin is trying azure.
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sidhujag
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Activity: 2044
Merit: 1005
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March 15, 2016, 12:37:18 AM |
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now every coin is trying azure.
Only the reputable ones with a good team and offer something new will be the ones that get registered and legitimately used on azure. So no, not all coins will be on Azure. |
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Rumhurius
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Activity: 1672
Merit: 1046
Here we go again
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March 15, 2016, 02:16:56 PM |
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now every coin is trying azure.
Only the reputable ones with a good team and offer something new will be the ones that get registered and legitimately used on azure. So no, not all coins will be on Azure. Only the reputable ones with a good team and offer something new will be the ones that get registered and legitimately used on azure. these coins and bts lol BTW: Brace yourselfs sys breakout is coming. |
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xxxgoodgirls
Legendary
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Activity: 1092
Merit: 1001
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March 15, 2016, 02:29:36 PM |
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All time high: market cap of 2,215,359 $.
The dev team (and the investors) truly deserve this, you did such an awesome job, grats.
The coin is still underpriced in my opinion tho, I wouldn't be surprised if Sys gets on the 3-4M$ range.
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