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coderboo



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NewbieActivity: 53Merit: 0 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 06:54:56 PM #1902 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.

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



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.

+1I 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 themWe 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.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.. 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..

IMJim



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LegendaryActivity: 1218Merit: 1000 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 08:28:09 PM #1911 What a fricken mess! Glad to see some assets have been recovered, fingers crossed the rest will follow!!



In this day and age we REALLY need to severely increase punishment for these dirt bag scammers!!



This dude needs to be hung up in the middle of town and stoned!

Raroun



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NewbieActivity: 34Merit: 0 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 08:35:56 PM #1914 Quote from: danosphere on October 16, 2014, 08:08:34 PM UPDATE



I can confirm Alex Green / Moopay LTD have sent the Syscoin team the amount reflected in this wallet -



We have given Alex/Moopay LTD until the entirety of the Syscoin escrow fund in order to prevent litigation. We have provided him with the contact for our legal counsel in the interim- we have not started litigation yet, but are fully prepared. We have not contacted UK Police as of yet. We will continue to keep the community posted on the action being taken here.



We appreciate the community's support in this issue. We have no contract in place enforcing the 250btc/month payout that Alex is checking if its ok to "break" with his legal counsel. Additionally the self-imposed due date of 250btc being paid out on 10/14 has already been missed (leaving Moopay LTD in breach of their own agreement).



We see absolutely no reason for the fund not to be released in full.

I can confirm Alex Green / Moopay LTD have sent the Syscoin team the amount reflected in this wallet - http://blockexperts.com/sys/address/SfZrsfQHw9FiQzy6wk4Ni1miXZsCY3yjN5 . This is the amount purchased using 250btc of the escrow funds as "buy support" during the launch.We have given Alex/Moopay LTD until 21:00 BST Oct 17, 2014 to releasein order to prevent litigation. We have provided him with the contact for our legal counsel in the interim- we have not started litigation yet, but are fully prepared. We have not contacted UK Police as of yet. We will continue to keep the community posted on the action being taken here.We appreciate the community's support in this issue. We haveenforcing the 250btc/month payout that Alex is checking if its ok to "break" with his legal counsel. Additionally the self-imposed due date of 250btc being paid out on 10/14 has already been missed (leaving Moopay LTD in breach of their own agreement).

that really are good News. Thanks for the update!

These difficult times will make Syscoin - the devs - the coin - and the community even stronger!

that really are good News. Thanks for the update!These difficult times will make Syscoin - the devs - the coin - and the community even stronger!

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LegendaryActivity: 1554Merit: 1000 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 08:45:58 PM #1915 Quote from: danosphere on October 16, 2014, 08:08:34 PM UPDATE



I can confirm Alex Green / Moopay LTD have sent the Syscoin team the amount reflected in this wallet -



We have given Alex/Moopay LTD until the entirety of the Syscoin escrow fund in order to prevent litigation. We have provided him with the contact for our legal counsel in the interim- we have not started litigation yet, but are fully prepared. We have not contacted UK Police as of yet. We will continue to keep the community posted on the action being taken here.



We appreciate the community's support in this issue. We have no contract in place enforcing the 250btc/month payout that Alex is checking if its ok to "break" with his legal counsel. Additionally the self-imposed due date of 250btc being paid out on 10/14 has already been missed (leaving Moopay LTD in breach of their own agreement).



We see absolutely no reason for the fund not to be released in full.

I can confirm Alex Green / Moopay LTD have sent the Syscoin team the amount reflected in this wallet - http://blockexperts.com/sys/address/SfZrsfQHw9FiQzy6wk4Ni1miXZsCY3yjN5 . This is the amount purchased using 250btc of the escrow funds as "buy support" during the launch.We have given Alex/Moopay LTD until 21:00 BST Oct 17, 2014 to releasein order to prevent litigation. We have provided him with the contact for our legal counsel in the interim- we have not started litigation yet, but are fully prepared. We have not contacted UK Police as of yet. We will continue to keep the community posted on the action being taken here.We appreciate the community's support in this issue. We haveenforcing the 250btc/month payout that. Additionally the self-imposed due date of 250btc being paid out on 10/14 has already been missed (leaving Moopay LTD in breach of their own agreement).

He is obviously trying to steal this, and stalling for time. This is plain and simple theft. Report it to the UK police. He is obviously trying to steal this, and stalling for time. This is plain and simple theft. Report it to the UK police.

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LegendaryActivity: 2044Merit: 1004 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 09:07:53 PM #1917 I can't see any other way around for him than to return the btc unless he is planning on dissappearing which is even more fraudelent and will result in more time in prison...



If its gone legal not only will he have to pay the full 750 btc but damages due to punitive damages caused from not being able to sell while btc was high (because he broke the contract), thus effectively doubling his liability at these prices in $ terms. IF he can't pay he would have things seized from him in order to pay...

cryptodaknight



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Sr. MemberActivity: 378Merit: 250 Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 09:55:04 PM #1918 Quote from: sidhujag on October 16, 2014, 09:07:53 PM I can't see any other way around for him than to return the btc unless he is planning on dissappearing which is even more fraudelent and will result in more time in prison...



If its gone legal not only will he have to pay the full 750 btc but damages due to punitive damages caused from not being able to sell while btc was high (because he broke the contract), thus effectively doubling his liability at these prices in $ terms. IF he can't pay he would have things seized from him in order to pay...



Yeah good news about getting syscoin back, as he cannot crash the market, but as an investor I'm still in full support of taking full legal action, and call UK police asap. I'd give him less than an hour, he's had enough time to get out of the.



@Slex (Ryan Gentle) You do realize that you might think you can walk away from syscoin but I assure you this will be the hardest hammer of all the legal issues your involved in, as this is clear cut case of theft, and extortion of escrow funds, that were supposed to be isolated funds.



Paying up asap might be your only way to stay out of jail. Not that you don't deserve to go there, you do, but with your other issues you have more grey lines with what you did. BUT, with syscoin, this is clear cut grand theft.



No jury would ever not convict you, you will almost definately end up in prison, and doubtfully the nice country club one, but the one where you drop the soap and your screwed, literally.



Pay up Ryan, in full. Syscoin team shouldn't even bother giving you time to do so, but they have, and you best take it as a get out of jail free card, cause your time is quickly running out. Yeah good news about getting syscoin back, as he cannot crash the market, but as an investor I'm still in full support of taking full legal action, and call UK police asap. I'd give him less than an hour, he's had enough time to get out of the.@Slex (Ryan Gentle) You do realize that you might think you can walk away from syscoin but I assure you this will be the hardest hammer of all the legal issues your involved in, as this is clear cut case of theft, and extortion of escrow funds, that were supposed to be isolated funds.Paying up asap might be your only way to stay out of jail. Not that you don't deserve to go there, you do, but with your other issues you have more grey lines with what you did. BUT, with syscoin, this is clear cut grand theft.No jury would ever not convict you, you will almost definately end up in prison, and doubtfully the nice country club one, but the one where you drop the soap and your screwed, literally.Pay up Ryan, in full. Syscoin team shouldn't even bother giving you time to do so, but they have, and you best take it as a get out of jail free card, cause your time is quickly running out.

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Syscoin- Changing the way people do business.







LegendaryActivity: 1036Merit: 1001Syscoin- Changing the way people do business. Re: [ANN] Syscoin - Business on the Blockchain October 16, 2014, 10:18:32 PM #1919 Quote from: IMJim on October 16, 2014, 08:53:24 PM Yeah, I kind of agree.......if they have already broken their contract, I would not wait either with what is going on!



Just to be clear we aren't stopping anything until we have the 750 BTC owed to us in a wallet we control. Alex/Moopay LTD has <24hrs to make this happen. We are moving forward with everything needed to begin litigation against him and Moopay LTD tomorrow. We've already provided Alex everything he needs to make the BTC payment.



Our understanding is that he is currently in Singapore with a business associate. Regardless of where he is or why he is- we've made our position very clear. We will contact authorities in whatever locales necessary and provide them with any/all identifying information (including pseudonyms, past names, and business associates he may be staying with in Singapore) to authorities in the appropriate locales. If the BTC is not disbursed to the Syscoin team this amounts to theft- plain and simple; and no small theft at that (~$285k USD).



If/when we enter into litigation we will also be seeking damages for the depreciated funding, time, effort, and legal fees associated with this initiative. In that figure we will also take into consideration how this has negatively impacted investors and Syscoin's progress as a whole.



We will continue to keep the community posted. Just to be clearAlex/Moopay LTD has <24hrs to make this happen. We are moving forward with everything needed to begin litigation against him and Moopay LTD tomorrow. We've already provided Alex everything he needs to make the BTC payment.Our understanding is that he is currently in Singapore with a business associate. Regardless ofor- we've made our position very clear. We will contact authorities in whatever locales necessary and provide them with any/all identifying information (including pseudonyms, past names, and business associates he may be staying with in Singapore) to authorities in the appropriate locales. If the BTC is not disbursed to the Syscoin team this amounts to theft- plain and simple; and no small theft at that (~$285k USD).If/when we enter into litigation we will also be seekingfor the depreciated funding, time, effort, and legal fees associated with this initiative. In that figure we will also take into consideration how this has negatively impacted investors and Syscoin's progress as a whole.We will continue to keep the community posted.

Syscoin Website | Syscoin Whitepaper | Syscoin Team Price Peg Syscoin: Business on the Blockchain. - Buy and sell goods and services, send encrypted messages and more all secured by the blockchain.