This might seem like a controversial idea but we could at least discuss it. We all agree that Syscoin has great technology and even more potential. The dev team is solid and did not run away in the light of recent scam. However, the team lacks their funds now, Syscoin is tainted by the Moolah scandal, there are plenty of bagholders and there is a risk that Moolah will kill the coin easily by dumping all the stolen Sys (it could easily collapse the market down to 0).
Current situation is not dev's fault. People might be mad that they lost money on this by investing in Syscoin at prices higher than 200 satoshi but the outcome was not the dev's fault. Should we start a new coin + bring all the Syscoin technology there + give old Syscoin holders discount at the ICO? There is no other way to fix current situation. Bagholders are bagholding (or selling when the price slightly goes up), new people won't be attracted by the coin (they have plenty of fresh coins to chose from that bring similar technology and are not tainted) and Syscoin brand does not bring good connotations.
So main question is: should we restart as a new coin?
Current situation is not dev's fault. People might be mad that they lost money on this by investing in Syscoin at prices higher than 200 satoshi but the outcome was not the dev's fault. Should we start a new coin + bring all the Syscoin technology there + give old Syscoin holders discount at the ICO? There is no other way to fix current situation. Bagholders are bagholding (or selling when the price slightly goes up), new people won't be attracted by the coin (they have plenty of fresh coins to chose from that bring similar technology and are not tainted) and Syscoin brand does not bring good connotations.
So main question is: should we restart as a new coin?
I think moolah has returned the sys they had from the buy walls to the devs. Syscoin could also be withdrawn from mintpal without problems. What stolen sys do you mean?
The situation is not great, but I can guarantee you starting a new ICO will be a disaster. Syscoin has a fail-image right now, it is irrelevant that it's not all the devs fault.
I would like to read the blog post, but it says the text is password-protected. Thats not intended, right?
I agree that Syscoin has fail-image right now but the devs still have positive image and Syscoin technology. I agree with Qiuyue201 - starting a new coin might be the best move.
Jumping from one coin to the next is not a good approach. I'm in for the long haul.
Improving the tech and finishing the intended product which is IMO unique will bring to light what sys has to offer.
Yes, it has been a rocky couple of months but we can only go up from here on.
i agree. i don't post a lot here but i own a few millions sys and holding for the long run.
starting a new coin is a bad idea in my opinion and i would not invest in a new coin.
btw. the blog is just working fine for me (interesting read!)
It's always a hard decision and some people will be unhappy no matter what choice will be made.
Starting a new coin from scratch with the same great team and perhaps new ICO + some discount if you are a Sys holder might be a good idea.
We have great team but many issues to cope with. Those issues are holding the coin down and that won't change.
Most people in crypto don't even consider investing in failed coins like Sys (because let's face it - despite our community holding strong and devs working hard, Syscoin is considered as one of the failed coins). I am one of the bagholders too, so I will lose some money on this too, but it's better to lose now than when it hits 50 satoshi. Starting from a scratch without this whole baggage seems like a good choice, although it might make ICO holders unhappy. But crypto is gamble so everyone knew the risk taken.
50 sats? okay we know where your buy order is...
Well John wont be getting any coins then!!! If you like SYS buy some while its cheap!! This coin wont be abandoned and then a Sys 2.0 made just to please some idiots who prob hold less than .2 BTCs worth!!!