Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - Presale Started!
by
Traderberg
on 24/07/2014, 11:08:40 UTC
aha its you Smiley. Dan did indeed mention your name. We had multiple options we were looking at, but all agreed that this was the one to use that would work out the best going forward.
Nice work and thanks for the feedback. Always value it.

Also people seem to overlook a simple fact that this is a merge-mined coin, i.e. most miners will get SYS for free while mining litecoin/dogecoin/whatever scrypt coin is profitable via a network of merge-mining pools. It's not a coin made for the sake of mining/trading, the number one priority is still having a secure network with high hashrate to run build-in services. And, of course, another main idea is to reward IPO buyers as much as possible because their money is what will make SYS happen (further development). Therefore it required a different approach in mining rewards design – it's good to see the community is reacting positively to the new schedule  Smiley