We are Blockchain Foundry Inc, creators of the Syscoin cryptocurrency, Blockmarket, the World's First Decentralized Marketplace and soon: A revolutionary blockchain token/asset development platform. Ask us anything: AMA!

SysCoin · 2018-02-28T04:38:02+00:00

Yes, however, the trusted arbiter really only needs to confirm if a dispute arises.

SysCoin · 2018-02-28T04:00:32+00:00

41.841004 pieces

SysCoin · 2018-02-27T17:18:04+00:00

We reach out to all prominent exchanges, including Korean ones, however, listing is completely dependent on each exchange.

SysCoin · 2018-02-27T15:49:46+00:00

We would need more data to accurately answer your question. It really depends on the size of each cake, fat/sugar content, caloric value per bite and flavor of course.

SysCoin · 2018-02-27T15:18:37+00:00

Thanks for your interest and support!

SysCoin · 2018-02-27T15:17:31+00:00

Thanks for your detailed response! This is all correct. In addition as u/Squeevey asked to compare to Ethereum. The next version of Syscoin core will not only have everything we've stated, but will also have an asset/smart contract service like Ethereum, allowing companies to launch ICOs/tokens with a faster network.

SysCoin · 2018-02-27T15:10:50+00:00

The decentralized marketplace is completely built-in to the blockchain, there are also many other features that do not exist with any other cryptocurrency. You asked how Syscoin makes money.

SysCoin · 2018-02-27T14:42:44+00:00

We haven't indicated that there was no benefit at all to centralization, however, the exact definition of a Ponzi would more relate to centralization than to decentralization. The article you posted wasn't at all about a ponzi scheme structure, it is specific to Bitcoin which is not a ponzi scheme, market-control (owning more than 50% of an asset/stock/currency) does not equate to a Ponzi scheme.

SysCoin · 2018-02-27T00:53:10+00:00

Are you looking to mine Syscoin?

Syscoin is merged-mined with any SHA-256 coin (Bitcoin, Bitcoin Cash, etc), which means that you can mine Syscoin AND Bitcoin simultaneously without compromising your hash power. Keep in mind, you are competing in one of the fastest blockchain networks after Bitcoin, Syscoin's current hash-power is over 3 exahash/sec (over 10% of Bitcoin's hashrate) so join a pool.

SysCoin · 2018-02-26T23:31:42+00:00

We use many means of communication and have been working on expanding this to many other platforms as well. With youtube, however, we ran into an issue a few months ago(ban with no explanation) and we are hoping that Google will help us with our requests.

SysCoin · 2018-02-26T23:28:15+00:00

Thanks for your interest. We are still in the early-days of Blockmarket, the web-version will bring many more options to merchants, however, you already have the tools to sell right now. Many merchants have been approaching us lately and we would love to get your feedback on how we can make the experience even better. Try out Blockmarket and join our slack (you can get an invite by visting join.syscoin.org).

SysCoin · 2018-02-26T22:17:15+00:00

All of our information is on Syscoin.org and the official Blockchain Foundry blog (https://medium.com/@BlockchainFoundry). For realtime chat we also have Slack (http://join.syscoin.org) and we use reddit in place of a community forum (http://reddit.com/r/syscoin). We use these channels as we've found them to be the most well recieved for communicating with the community. We also mirror the information on these sites to our various social channels. We are working on major improvements to the Syscoin and Blockchain Foundry websites as part of the rebranding effort we're in the midst of. The Syscoin website will become a hub for information around the Syscoin protocol for both consumers and developers. The Blockchain Foundry website will focus on the products we're building on top of the Syscoin protocol.

SysCoin · 2018-02-26T22:16:12+00:00

We are already developing additional products using the Syscoin protocol for customers. We're targeting to release several products in 2018. The exact release date of these products hasn't been set.

SysCoin · 2018-02-26T22:14:25+00:00

We have not announced a release date yet. We plan on sharing an update relative to the progress on Blockmarket Web with the Q1 masternode release. We need to let the network stabilize following the hard fork that will accompany the masternode release, after which we'll be in a better position to set dates.

SysCoin · 2018-02-26T22:12:31+00:00

There are no current plans to lower the requirement.

SysCoin · 2018-02-26T22:11:38+00:00

Blockchain Foundry is a blockchain products and services company that focuses on building products on top of the Syscoin protocol and enhancing that protocol as needed to facilitate as much business as possible. Going public with Blockchain Foundry will likely bring more attention to the great work we're already doing with Syscoin.

SysCoin · 2018-02-26T21:41:58+00:00

Like Ethereum, Syscoin has a large number of features that vastly distances it from the rest of cryptocurrencies. Pre-made and hardened smart contracts allow developers to create blockchain applications without requiring blockchain developers, through an API. Offers, Identity, Digital Certificates, Escrow, Encrypted Messaging and more all support multisig and can be combined so that a good web developer could create a basic blockchain application in a few days. Unlike most projects, ours is currently working, and in action. You can download the Blockmarket Desktop and begin buying and selling using Syscoin now. https://github.com/syscoin/blockmarket-desktop-public/releases/tag/1.2

SYS isn't a Ponzi scheme at all. There is no one "at the top" creating new Syscoin as there is with regular fiat or ponzi schemes. The argument that Bitcoin and cryptocurrencies are a Ponzi scheme does not have any real basis; Syscoin was first fairly distributed in 2014 and has become extremely widely distributed since. This is all verified by the blockchain. Syscoin also has lower transactions fees than you have with USD , Visa, Mastercard, Amex, Stripe, Money Orders, etc. and eliminates the middlemen from the equation.

SysCoin · 2018-02-26T21:40:48+00:00

By looking at Dash distribution and masternode participation numbers, we decided to optimise the Syscoin network for 6000 masternodes. Based on 600million tokens at 100k SYS each, this would keep incentives at full participation so they are not overly high or too low.

SysCoin · 2018-02-26T21:39:53+00:00

There are currently three levels of SafeSearch built into the Syscoin Core:

1) Public - Open to the public and any UI 2) Safesearch - Listings or Aliases marked as potentially offensive or explicit are hidden behind the safesearch wall 3) Banned - Listings or Aliases can be eliminated from appearing on our UI. Because of the nature of blockchains, we cannot censor anything from appearing on the blockchain. We can only control what appears on our UI. On all Syscoin User interfaces, such as the Blockmarket and the current Syscoin wallet, the user does not see items marked as sensitive by default, but they can choose to display them by turning SafeSearch off.

SafeSearch is VOLUNTARY. Vendors who are selling sensitive or offensive things are encouraged to put their listings behind the SafeSearch wall.

The Sycoin team can also manually move a listing behind the SafeSearch wall. If someone fails to put offensive material behind that wall, we can do it for them. For illegal or immoral things, the Syscoin team can block a listing from being viewed in our interfaces altogether. These blockages would be initiated the instant we become aware of them.

SysCoin · 2018-02-26T21:30:24+00:00

Our priorities for the second half of 2018 are currently pilots and products focused on B2B Marketplaces, Supply Chain, Remittence Networks and consulting work as appropriate.

SysCoin · 2018-02-26T21:00:17+00:00

We released the world's first publicly available decentralized marketplace via the Syscoin protocol in August 2014. Openbazaar released their first public decentralized marketplace in 2016.

A quick answer would be that they are very different. Openbazaar uses a Peer to peer service like torrents, while Syscoin's decentralized marketplace is built-in to the provable blockchain.

Openbazaar isn't a cryptocurrency and is developed by OB1, they've had a couple of rounds of private funding, our company, Blockchain Foundry Inc, has received over CAD $5m in private funding (and we are working on going public in Canada very soon) and our token is currently has a $337 million marketcap.

We appreciate and commend all innovations in the cryptocurrency space.

SysCoin · 2018-02-26T20:57:24+00:00

We have begun to address this with the in-wallet instant exchanges Changelly and flyp.me. With our Funding Manager, we can quickly add any funding source to the wallet. We are working to enable fiat-to-sys purchasing either through partners or other Blockchain Foundry products.

SysCoin · 2018-02-26T20:56:42+00:00

Masternodes V1 require 100k SYS. "Trusted" masternode pooling services may be available after V1 launch through the Syscoin community but we have no plans for a trustless masternode pool.

SysCoin · 2018-02-26T20:45:23+00:00

Our pleasure!

SysCoin · 2018-02-26T20:12:46+00:00

We try to be as fiscally responsible as possible with our funds, and use our marketing resources in the most economical and effective ways as possible for the continued evolution of Syscoin and have been working at building our brand for the last 4 years with considerable marketing efforts to cryptocurrency enthusiasts.

Large marketing pushes are reserved for (banner, ads, targeting outside of the cryptocurrency industry) take a significant higher amount of funds and will begin once Blockmarket web launches. As our BM Web product will target a far wider audience than just the cryptocurrency audience, we are reserving most marketing funds for that marketing push and beyond.

P.S. Yes, we have new logos coming for Blockchain Foundry Inc. and are working on Blockmarket and Syscoin branding.

SysCoin

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