Quote from: j4ce1 on November 14, 2014, 10:12:16 PM

Quote from: WORE on November 14, 2014, 09:25:27 PM

Quote from: j4ce1 on November 14, 2014, 09:14:27 PM

Quote from: WORE on November 14, 2014, 07:26:05 PM

The line between risk and stupidity runs very thin. Without investor confidence the coin will not have value. No value, no market, no trade.

Again, this is only true in the short term. Bitcoin, litecoin, dogecoin etc their value is only determined by the demand to purchase the coin by end users. Either to hold the coin or use it to purchase goods / gamble / tip etc.

Syscoin will create innate value as the businesses who leverage sys technology *require syscoin to pay for the services they use*. There will always therefore be a scaling demand - as new businesses come on board, demand for sys will increase. For the business, this is part of their infrastructure operating costs.

The businesses pay their operating costs in syscoin, the syscoin is regenerated as fees to miners, who sell it back to the businesses and in turn make back their own ROI on their mining hardware.

Meanwhile, those true investors who have kept a hold of millions of sys, get to take part in the supply chain. As long as we don't flood the market, the value of our portfolio can only increase as demand increases from new business coming online (selling off a little at a time to make our own income/ROI).

(As an aside, eventually, the price of the services themselves (in sys) will go down to balance out the increasing demand and subsequent coin value, so that the business's infrastructure costs don't continue to increase as the price of the coin goes up - so the businesses are protected)

Syscoin isn't marketed to investors and users. It is marketed to businesses (new and existing). Investors with the balls to "baghold" get to come along for the ride

Again, they need a working product that end users will not have to read a page of instructions to enter text into the console to put an item up, as previously explained that much is trivial on the programming side of it, they should be at the part of beefing up security of that aspect by now and building websites around it is a moot point without the GUI in the wallet. This is a prerequisite to people buying into it, without that, it is not ready for market as it is not a viable product.

I don't disagree with your point about a wallet UI. It's definitely needed to properly maintain the decentralized nature of the marketplace.

All I wanted to clarify is that "investor confidence" is not the only thing (or even the main thing) that will drive value in Syscoin. Short term, the market cap is based on investors buying the coin off exchanges, this is true. Long term, the volume that people are buying coin off exchanges should be dwarfed by businesses using syscoin for infrastructure and miners earning regenerated fees.

A wallet UI is important for PR for the marketplace, or to demonstrate how it works, but again - if they are marketing to businesses, those businesses would build their own UI anyways (hence the website POCs).

It just looks to me like they are saying, "Thanks for investor money but we are off berry picking at the moment, please be patient, we'll get back to doing the finish work on the wallet, 'we promise'." And now investors are running for the door holding their back side. Knowing sh!t runs downhill, where does that put anyone that buys into it now?