"While Bitcoin (Peer-to-Peer Electronic Cash) [Nak] solved the double spend problem and provided work with timestamps on a public ledger, it has not to date extended the functionality of a blockchain beyond a transparent and public payment system. Satoshi Nakamoto’s original reference client had a decentralized marketplace service which was later taken out due to a lack of resources [Deva]. We continued with Nakamoto’s vision by creating a set of commercial grade services supporting a wide variety of business use cases, including a fully developed blockchain-based decentralized marketplace, secure data storage and transfer, and unique user aliases that link the owner to all services controlled by that alias."
What we don't like:
The use of the Blockmarket (the marketplace in which Syscoin is the currency) is bare. The idea is great, but for Syscoin to be successful it needs to be a usable coin and not just a storage of value. They team is developing a web-based Blockmarket. In its current form, it must be downloaded. Hopefully, the web-based market allows this coin to reach its full potential. Investing in it before the web-based market is available is betting that the team releases a user-friendly marketplace.
What we like:
Syscoin is a great use for cryptocurrency. They have created a peer-to-peer shopping network using the Syscoin as payment. Syscoin is a craigslist for cryptocurrency. Syscoin allow people to name their wallets for easy distribution. Syscoin has set up a method of escrow between the buyer and seller to make sure that the funds are sent only when the product is received.