Securitycoin [SCSY] | Bittrex and IRC in Wallet | Ccex | Community | VPOS

[coinfello]

13 btc on bittrex

needs buy support or its going down sadly. where is buy support from cc purchases?

As stated we had about 10 btc on hand to hedge the buys however we did more business than that in less than 24 hours. We are sourcing backers to cover the demand hence why we shut down the buy securitycoin page for now until we have a substantial btc holding. All we can say is this. This option blew up in under 24 hours of being live which means we really have something here we just weren't prepared for the amazing response. So we will relaunch the option when we have the btc to back it up. We also have a waiting process from our pg which is 7 days we are working on streamlining that as well so we don't have to worry about backers as much.

So in summary this is a success and we need to iron out the details before going live again to gain stability in our automated process When it comes to market price.

yes of course its a success, if price stays around 200sat, it will be good for now

[1715291855]

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[1715291855]

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[1715291855]

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[1715291855]

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[AllCryptoAllDay]

Waiting for this loan to fund so i can use this btc to leverage the time between deposits...

So if anyone wants to invest its literally a sure thing.

https://btcjam.com/listings/35197-second-funding-loan-to-cover-cc-pruchase-wait-time-from-our-processor--

[coinfello]

seriously how low are we going to go now, not great at all. there should have been btc set aside for strong buy support if it was suspected that 70% of people buying scsy with cc are purely buying to dump for btc which is killing the coin atm.

[AllCryptoAllDay]

seriously how low are we going to go now, not great at all. there should have been btc set aside for strong buy support if it was suspected that 70% of people buying scsy with cc are purely buying to dump for btc which is killing the coin atm.

We did not expect to do 4000 in less than 24 hours!!! you cannot prepare for those numbers. So we took the buy option down until we have adequate btc to cover it.

The coin will rise when we have the btc to cover it which will either be with this loan or when the money hits the bank account.

Regardless we have the means to have this rise again regardless of price it is at now anyone dumping is not very smart and will see within a weeks time why.

[coinfello]

seriously how low are we going to go now, not great at all. there should have been btc set aside for strong buy support if it was suspected that 70% of people buying scsy with cc are purely buying to dump for btc which is killing the coin atm.

We did not expect to do 4000 in less than 24 hours!!! you cannot prepare for those numbers. So we took the buy option down until we have adequate btc to cover it.

The coin will rise when we have the btc to cover it which will either be with this loan or when the money hits the bank account.

Regardless we have the means to have this rise again regardless of price it is at now anyone dumping is not very smart and will see within a weeks time why.

i know i fully understand, and congrats on your work. its just frustrating seeing people dumping for peanuts. once its set up correctly and running smoothly i know it will rise for sure, because if people want btc easy , wel then this is good method to obtain it easily. im holding strong and staking away for now 

[bobcaticus]

weak hands are being shaken out.  This happens with every coin.  Don't panic.

[coinfello]

weak hands are being shaken out.  This happens with every coin.  Don't panic.

yeah i know this happens all time, then mostly big upward trend shortly after 

[longthu]

What's going on? Why people are dumping?

We just launched http://scsycoin.com/buy-securitycoin

People are using it as a method to get BTC I am sure buying SCSY with CC and dumping for btc since its the quickest way.

We are working out the kinks but it is not some random occurrence and we are quite aware as to why the price dropped.

We actually had an overwhelming response to the buy scsy so far and we werent prepared for the amount of orders...

Now we have funded the buy account with 5 btc to cover the orders that come in and will be stabilizing the price quite soon once we figure out the proper buy path.

Thanks

EDIT : I would suggest putting some buy orders up you will get cheap scsy before we work out the buy process fully

why some people buy on the site, it is now page not found
edit: again the work of the dev team is very good but there are many things we need to develop further this coin

[*Sakura*]

Hey devs!
I am waiting for 1 month already for the swapping my old SCSY coins. You have my wallet.dat. Thats how I am trust you, guys. But let's be a little honest and do this swap finally.

EDIT: also I have not receive the bounty for the Russian translation:
https://bitcointalk.org/index.php?topic=921241.msg10127136#msg10127136

[malekbaba]

My wallet is OUT OF SYNC

please help me

[marcous]

My wallet is OUT OF SYNC

please help me

mine did'nt work either, 0 connection... it's odd 

[coinfello]

My wallet is OUT OF SYNC

please help me

mine did'nt work either, 0 connection... it's odd 

mines working ok, maybe close and open wallet again.

[coinfello]

also network stake weight has went up bigtime.

[mundivalur]

Syncing fine after i deleted everything except the wallet and the config nodes got 500k and rising ,win or lose 

[coinfello]

staking has go very very slow now for me, and i have a large amount

[apoloo]

good I wonder how many coins I have to earn some mining in the portfolio 50 or 100 or 1000 terms please and how slow to mature ?

[Coinmin]

Wallet is not syncing. Coin is dead, dev's out.

This fucking greedy dev dumping all coins from swap fund. See the posts from users who do not receive swap coins.

[kamronk]

Wallet is not syncing. Coin is dead, dev's out.

This fucking greedy dev dumping all coins from swap fund. See the posts from users who do not receive swap coins.

Lol, well...

This is simply not true  

I assure you, all dev's are currently staking except for me, and you can find me right here:
https://beta.bittrex.com/Market/?MarketName=BTC-SCSY

Credit card purchasing proved to be a huge success ($4k+ in < 24hours). We ran out of bitcoin to provide the buy support of each sale (as people ultimately want bitcoin, so they dump the securitycoin almost immediately). Not only does acad have a loan funding right now, but we're also forming relations with other processors and liquidity providers. Credit card purchasing will be huge for stabilizing our market value.

Stabilizing is just that though, stable, that doesn't mean a rise.

What will create a rise is discovering a long term maintainable system, and selling the architecture to other coin dev's and requiring them to pay in security coin. This will create large substantial demand for our coin ('pumps' you could say).

What will create more rises is another product we have in R&D at the moment, our LAN autostaker. A little device you interact with via a web browser on the same network (like an antminer) that stakes for you. This device will of course be exclusive to securitycoin users at first, but there's no reason we can't make this device for other coins, but require the customer to pay in securitycoin.

I've actually got the prototype of our LAN autostaker sitting on my table as I type (need a micro sd adapter as I don't think debian was flashed correctly to the card by the manufacturer).

Sciak has been in and out of "the bunker" (him not being social but working on securitycoin) adding in another feature to the 2.1 wallet.

So...I assure you, we are not "out". You are misinformed, and apparently haven't done your homework here on this thread.

We are having some syncing issues intermittently from DDOS attacks on various nodes of the network. We are doing what we can, and getting as many nodes behind DDOS protection as we can is an obvious effort we are undergoing.

I'm Kamron btw, the technical manager and a non-core dev from the dev team for securitycoin.

[Poly#Crypto]

Wallet is not syncing....

Your simple statement is incorrect.
If you have problems with your wallet, follow this instructions:

• Linux: https://bitcointalk.org/index.php?topic=921241.msg10430720#msg10430720
• Windows: https://bitcointalk.org/index.php?topic=921241.msg10429775#msg10429775

Then the wallet should work properly.

...greedy dev dumping all coins from swap fund. See the posts from users who do not receive swap coins.

Also incorrect.
Besides offering to buy SCSY by credit card, there are other logical reasons. Take a look at the prices in the past.
In my opinion, many people bought SCSY in January and sold in the last few weeks for profit.

In addition, the vast majority of users received swap coins...

[coinfello]

Wallet is not syncing. Coin is dead, dev's out.

This fucking greedy dev dumping all coins from swap fund. See the posts from users who do not receive swap coins.

do your homework before you throw accusations, asshole!

my wallet is working fine, little slow to mature, but its flying now. staking like a mofo!!