Quote from: danosphere on October 16, 2014, 06:27:36 PM

Quote from: j4ce1 on October 16, 2014, 06:03:16 PM

Quote from: cryptodaknight on October 16, 2014, 05:49:32 PM

Botched launch is pretty strong words, their launch problems where there but with 40% plus more coding and six months coding labor, calling it botched is strong. They had some issues but all were worked out.

After that launch and people with attention spans of 5 years on in cryptos panic selling, things by now have been smooth sailing if not for moolah and Ryan Gentle.

Ryan Gentle has been really the only thing that has hurt this coin, as development has not stopped, coin has more stuffing going for it than 99% of all cryptos.

This is purely a FUD issue with Moolah at this point, and once it's settled this people will be very shocked what's coming if they looked at the roadmap and even took the time to talk to developers in IRC. They have been most transparent, and honest and upfront that any coin developers I've seen.

Amen brother. Nothing about the coin nor the strength of the team has changed. It's a perfect time to sweep up more cheap coins for when this all blows over.

+1

I want to thank everyone for their support through this troublesome time. The latest news which brings into question the identity of "Alex Green" - who goes by @slex here on BCT and is the CEO of Moopay LTD- owner of Moolah.io and Minptal (currently) is very troubling. While the true facts of that situation are still being uncovered one thing is very clear- the Syscoin team needs the escrow funds that were being held by Moopay LTD and we need them in full.

We made this request known to Moopay LTD / Alex Green and his associates over 48hrs ago (with exact amounts, and addresses to send payment to) after they failed to meet their own deadline on 10/14 and pay the October disbursement of 250btc to the Syscoin team. There has been zero meaningful communication from anyone at Moolah / Moopay LTD since missing the disbursement deadline, which coincidentally is the date they published their "bankruptcy" blog post. The next day this changed and Alex posted they would not be going bankrupt. Alex has posted to their blog today and has been very active on reddit overnight as well but refuses to acknowledge the outstanding 750btc owed to the Syscoin team.

This is now a legal matter and we have solicited representation in the United Kingdom to file the appropriate documents. We are also communicating with police in the UK related to the matter as well. If you are having problems with SYS private keys obtained from the launch, this unfortunately is not something the team can assist with and is in the hands of Moolah/Alex.

The Syscoin team remains committed to developing Syscoin and being one of the hardest working teams in crypto regardless of the circumstances. We will have an official blog post up later tonight regarding this matter after speaking with our legal team.

Hi all, $SYS lead developer here. As Dan has said, this has not been an easy time for any of us. The Moolah debacle has cost us dearly - both in terms of negative association as well as in basic financial terms - I dedicated myself 100% to syscoin some time back because our ICO gave us the means to do that, and not receiving that funding now is putting me and my family in direct financial jeopardy.

Nonetheless, I remain as committed to Syscoin as ever, because I know that the technology within Syscoin is stronger than ever and NOW is the time to push harder than we ever have before. This team has more skills and potential than most, and I'll be damned if I see that get destroyed because of this situation.

Just my $0.02..