Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
wduhk
on 25/08/2014, 17:00:26 UTC
Must........ resist............ trolls.......

PUBLIC NOTICE- I am deleting "darkslash" posts at this point. I'll leave the garbage posted already in the spirit of transparency, but we won't continue to let this stream on. There is nothing to hide here. If you want to believe his posts, they are there for you to do what you will and I can say concretely they are not true.

We aren't spending bounties except on... bounties. We don't have any of the SYS bought by Moolah as buy support and won't for at least 5 months. We have no control over what they bought themselves nor are we "conspiring" with them as darkslash tries to imply regarding buying/selling. We are independent.

Bloody hell guys.  For those of you who think it is a bad thing for the devs to own a large stake in this, please go to take some investment classes.  Just like investing in a company, you want the owner to have a large stake in it so it is in his best interest that the company is doing well.  Why they want to dump the coins anyway?  Once they do, the coin price will sink like hell and they won't be able to get much out from it.  Also, from a supply and demand perspective, it is better for the devs to own those coins than some whales as those coins won't appear in the market for some time which effectively lower the supply of coins in the market.