Quote from: Soul_eater_123 on August 23, 2014, 04:02:11 PM

Quote from: peels on August 23, 2014, 04:00:29 PM

What people don't seem to see in this coin is that it is a MARKET PLACE. Along with certs and data storage and other things that will come out in the future.

These things have FEES.

Also MARKET PLACE.

The last thing you want is the price getting pumped and dumped over and over as people are trying to buy and sell things and use the services.

One day you don't want to buy some SYS and the next day have it be worth 50% less and then you can't buy things on the market place.

You also don't want it to get pumped and then have the fees be really high and no one uses it so they change the fees then the price gets dumped and then they have to change the fees again.

It's best for this coin to find a price point and then build walls on both sides around it so the price doesn't move much. Miners can dump a little and from the fees they get from people using the services and other people can buy in.

Maybe in the future this coin will be so awesome that there will be much demand and the price goes up and the fees will have to be adjusted again.

I think the syscoin team is doing a good job in trying to manage everything. People don't want to pump the price up and then there will be buy walls to support the current price. Then people can happily use the services.

That's all great for one day. My fear is that in the crypto world it might not survive long enough for any of that to happen.

Well, the services are working - command line style. It's about taking it and expanding to web sites where people can buy / sell / upload things (deeds, wills, docs, warranties, small files), create certs, aliases.

People just need to give this coin a few weeks to see what people create.

Then we can all sign up on a site and begin buying and selling things. Provide feedback, make improvements, and get more people to use it.

Yes, it would have been better if all this stuff was done and ready at launch. But that's how things go. It just takes time and they decided to launch the coin in its current state and continue working. I'm sure they are hoping to get some funds too so they can pay people that are currently working and who will work but want to make sure they get paid before starting.

Just get the team time and I'm sure with the new thread will be new announcements and new hope.