Quote from: danosphere on July 07, 2014, 04:00:25 PM

Quote from: Neo.op on July 07, 2014, 06:12:18 AM

The whole scrypt thing is debatable, scrypt asics might be out but the scrypt miners/farms need to realise the value of coin before they do anything. This might not happen until syscoin hits an exchange and then we might see all hell break loose in terms of difficulty and mining.

Though that said, I absolutely loathe the distribution tactics by angel shares. Its taking 1 token (PTS) and then turning it into two - 1 AGS (for you) and 1 PTS (for the company). It is something like danosphere taking btc from you for the IPO and then using the same btc to buy out more of the IPO. It doesn't happen any where and its a completely cheat system.

Fair point re: scrypt ASICs, and yeah who knows what will happen when Syscoin hits the market. I have seen a lot of press about BitHalo recently and smart contracts. Syscoin implements smart contracts just without adding a "new protocol" (or at least without calling it a new protocol). I haven't been able to see their code at all so no idea what is really going on under the hood, but Syscoin does much of what they claim to offer already. Clearly a video is the way to get people "crazed" about this as I'm seeing with BitHalo so I'm trying to put together an end-to-end demo video ASAP alongside all the other logistics we're working out. Would love to put out a beta as well but we're really focused on getting this coin launched, beta stuff just slow that down but if we feel the need for more testing by means of a beta, we'll do so.

The Syscoin presale is very straightforward- you pay XX BTC and based on the phase of the presale (early bird/regular) that equates to XX Syscoin @ a price of XX BTC/SYS. No shady tactics, no odd shares, you buy what you want. You receive exactly that amount of Syscoin once the coin launches on the heels of the presale closing. We definitely aren't doing a share based, 1 turns into 2 type of tactic, I agree that's pretty low.

Just waiting for our partner to reply to us before making this news I've got sitting on my desk public Wink

I just want to know when to start.