Quote from: Korean on August 25, 2014, 06:32:37 PM

This is quite unsettling

Aye, I agree..Its amazing how bad some people are at maths and actually reading

Quote from: danosphere on August 25, 2014, 03:55:23 PM

Quote from: darkslash on August 25, 2014, 02:24:08 PM

Quote from: manbot1 on August 25, 2014, 02:15:03 PM

Quote from: darkslash on August 25, 2014, 01:54:34 PM

Quote from: Pmalek on August 25, 2014, 01:50:06 PM

So its 140btc on top of 250btc + 59m sys . My bad! So I still dont see a problem. Moolah is less likely to dump, then the manipulating whale. Moolah will probably sell in parts when price hits x5 ...

thats fine, but he isnt less likely to dump than anyone, he brought as an investment. if he brought on dips i guess you could say it was insider trading, as he had control of escrow so he knew the future news. which would be considered highly illegal in trading stocks, but hey.. these arent stocks.

i just find it disturbing that the partnership and the developers own 48% of the current supply + 1500BTC, and investors are down 30% of initial investment. Its just worrying, how did this happen, shouldnt they own like 2% current supply of premine, or 0% since they have 1500btc.

1250 btc left they used 250btc up.. and they paid in the high 4oos for syscoin..because every 1 told them to.. so people had the chance to bail..you well had your chance to get out..and look ive paid 605 for 1 sys 1 bitcoin worth i bought..but i not moaning.. just buy more if you can or ride the storm..and you seem to think your good at math why you not sell all holdings and then bye back..if your so smart

my mistake 1250btc and 48% of current syscoin - or in figures - a cool $988,000 Cool

it just feels a bit rough that devs are up almost 1million dollars USD from zilch, and investors are down 30% due to developer incompetence, lack of skill and poor time keeping skills.

and i did, i brought 1btc worth @ 470 and sold straight away @ 670. Im not moaning, im just concerned for other investors who diddnt get out in time and concerned the developers aren't being transparent enough.

Devs aren't up anything- we worked for 6months on this thing and are still waiting for a payday. The payout from Moolah is a long-term payout over months- this should increase investor confidence as WE AREN'T GOING ANYWHERE (never were). We are getting payments to fund the development as we keep moving, and we are moving. Also it is your choice as an investor to sell at a loss. There are people who are holding- you chose to sell it seems. We were quite clear prelaunch that this was a big undertaking and be ready for some hiccups at launch.

Yes Moolah spent 250btc of the fund on "early buy support" (we agreed to this) to allow investors to exit without major losses if they so chose. We will not be spending any more funds on that- we need all current and future funding to go towards development, marketing, and partnerships. We have 2% of the entire SYS supply to be mined- the fact that you're comparing this figure to the current supply makes very little sense other than to just try and incite people with large % numbers in bold text. Unless you are updating this number on a block-by block basis it is already inaccurate. We've been very clear about the fact that we are holding the SYS longer-term as others have called out its incentive to grow its value- and its in a publicly visible wallet HERE (2% dev + 1% bounty). We do not currently have access to the 250btc of SYS purchases as buy support but they will be in a public wallet soon as well.

Newbie account repeatedly posting bold comments about figures that are already inaccurate.

Quote from: snipsnoop on August 25, 2014, 03:52:42 PM

Quote from: snipsnoop on August 25, 2014, 03:45:21 PM

Guys. Just a heads up.. Going to start moderating.. Way too much shouting and screaming and FUD at this stage..
We are here and working, but just not going to reply to crap. Pointless

Yep and will move to our new thread tonight. New thread will have clear rules about WHAT will be moderated. Sorry for all the people looking for news and updates and getting blocked by less-than-productive posts by others.

Quote from: danosphere on August 25, 2014, 04:15:25 PM

Quote from: darkslash on August 25, 2014, 04:09:20 PM

Newbie account or not, figures dont lie. so your claiming my "figures that are already inaccurate" would you please care to explain. yes in 50years when crypto is dead in a hole you will own 2% of supply, but as it is NOW at this current time you together own 48% of supply. if your claiming im incorrect, you are a liar. please correct me Smiley i hope your maths skills are better than your coding Smiley

this is really bad, investors are being completely buttraped. For transparecy, could you please hire someone with competent basic math skills to do the math and please report back as to what percent of current supply the devs and partnership own? (whether they are in the hands of you or your partnership)

or just delete my posts seems transparency is an issue around here?

LET ME ASSIST YOU. DEV PREMINE = 2% = 40mil coins.

TOTAL CURRENT SUPPLY = 365,687,774.29701695.

TOTAL SUPPLY CONTROLLED BY DEVS THAT IS NOT MOVING FOR A LONG TIME = 40,000,000 / 365,687,774.29701695 = 10.9%

Now please stop with your terribly bad math. Roll Eyes

All of the other SYS that was purchased as buy support is not in our hands. We don't get it for ~5months AND it will be in a public wallet as well. The above figures are accurate until the next block is found, at which point our % continues to decrease.