Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
peekay6969
on 25/08/2014, 10:00:58 UTC
so just having a think, and i remember how devs own about 17% premine of the current circulation, then brought in with their buy support another 250btc, and  moolah brought in with 120btc, so just the realization that amongst the devs and moolah, they own about 45% of the current supply of syscoin, is pretty scary for me, will we be told if it were to be sold off?

Hmm....could we get the addresses to verify?

Any coins that we (the dev's) have from the initial premine are in cold storage. These addresses will be posted shortly, there will be no sell off of these for a very long time. I will have to dig out the details, but will post them when I have them.
As for the others from the buy support its the exact same.

It doesn't take long to post the addresses of your premine quantity so we can validate it on the block explorer. If you choose not to show us just say it. You have to be transparent and post it. Don't say you will post it. I'm trying to help and I am a supporter of this coin but very recently your PR is suffering. Here is some constructive criticism:

Don't say you will do something shortly or within the few hours and not explain why you didn't deliver:
Example, locking this thread. You guys have been talking about it but it's still up.
Also, merged mining. You kept saying it will be released very soon with the next version but now it isn't the case and the wallet isn't out in spite of it releasing "shortly".

My advice is give yourselves a few days of buffer time before you announce that you will release something.
It looks bad if you don't deliver, and in regards to not immediately sharing your addresses, it looks shady.
I'm really trying to help your image here.