Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
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.
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.
Was this series of staggered phases specified in the initial terms? Where?
After all, you can't violate your initial terms.
We can by mutual agreement, this is true of any contract.
It's pretty clear you don't have the "mutual agreement" of the parties that gave you the funds to hold in escrow.
Or are they just irrelevant in your mind?
+1
Also if you don't want to provide exit at 518 provide buy wall at 100 satoshi.
Losing 80% is still better than Losing it all.