Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
peels
on 20/08/2014, 06:22:58 UTC
12 hours left, refund or dev team gets the 1500 btc? Hope a huge buy support at 518 sat when dev team gets the 1500 btc.

why would they? tell me - serious question

Should the Syscoin team fail to make significant verifiable progress, including a fix of the major issues, then Moopay LTD will begin the refund process.

Who the hell set up the deadline? I really don't want this coin fail, it will NOT beneficial to everyone, just give some time to DEV, the issue will  be fixed one by one.

Slex = Moolah

So moolah offers escrow on the terms of a fully functional product. Products werent met. Now we arent being given back our btc... am I missing something here. Did the terms and conditions outline a time? Yes.. the launch date. It failed. Moolah I know its alot of work, but your not sticking to your words here. You have failed us. Syscoin is dead forever, no coin will survive after screwing over every investor.

Our agreement with Syscoin included a launch window to allow the developers the opportunity to fix any issues that popped up. We are still within that window, and the developers are actively working to resolve those issues. We have stated repeatedly that we will process refunds if the developers fail to deliver a working product, what we are not going to do however, is jump the gun and do that while attempts to resolve are in process.

For the sake of full clarity, we are hereby giving the Syscoin team 48 hours as of 1800 GMT this evening; to deliver a stable and working product. If at 1800 GMT on August 20th, the coin is still in a completely non-usable state (multiple forks, wallet corruption, service issues, mining issues, etc) and no progress has been made; we will begin the process of fully refunding coin holders at ICO rates. If good progress has been made (and only lesser issues remain), we will readdress this issue. If the coin is fully resolved? Great, escrow released. I will be communicating this to the Syscoin team momentarily.

From what I can tell forks are over, wallets seem to be working for the most part, mining issues are taken care of besides merge mining which the fix seems to be in progress. Service issues I believe the services are working as long as you do it right.