For the people that missed it, below is the latest news from Moolah about SYScoin. I guess we have to wait till Tuesday to get more info from them about releasing the first 250 BTC.
That was posted before we had an opportunity to speak with them. While all of that is still very true there will be some minor adjustments in line with what I posted earlier (publicly visibility of funds, etc). We are also looking for a 500btc initial payment so we can pay 6months of backdue expenses, new developers that came on through launch, bounties, and of course forward moving expenses as we continue development and bring on even more coders/services/partners/marketing.
We had an opportunity to speak with Alex just now and things sound very good- we're excited. Looks like we may be receiving initial funding here sometime today which will be
huge in terms of enabling us to "unclog" our pipeline. You'll know it when we have it!
Some members of the team (myself included) have already stated they will be using some of their
personal coins for buy support and hashing power until the network gets more hashing power on its own. We have complete faith in Syscoin.
Development-wise We are also working on merged-mining and regenerated service fees for miners which will being back a lot of miners that left due to low payouts. Syscoin is moving forward!!
Also we are testing that new Mac wallet mentioned earlier too!
