Looks like Moolah has already made its decision, and so has the market.
These so-called "devs" will abandon the coin soon after the escrow is released to them.
And, even if they don't, they're incompetent and they're not professional C++ developers or effective project managers, for that matter.
The only hope for SYS as far as market confidence is new management with hard-core development expertise and street cred.
I disagree with the Moolah CEO - I think the opportunity cost and reputational damage will be more severe than you expect. You think you would've learned from Mintpal.
If we decide not to refund, the escrow will be released in a series of staggered phases to ensure continued development. We are also considering contributing an experienced developer to the team temporarily to help them with minor issues.
While I am sure there will be some damage, we cannot breach our contract and the terms stipulated.
I dont think we're talking about damage in the same sense. I'm referring to opportunity cost - in terms of what could've been, which you might never know. You have no idea who might have but will never do business with you as a result of this, and to what extent that's missed business that you might very well need desperately in the future - it's a pretty unstable and heavily manipulated global economy out there with thinning profit margins for most Western businesses (one of the very reasons for cryptocurrencies in the first place).
To describe this coin as functional on day one is laughable - just look at this thread. What percentage of all ICO addresses were able to facilitate transactions? And apparently, it's still dysfunctional. I've never seen such a terrible launch with a slapped-up Litecoin/NXT mish-mash of a wallet.