Thanks for that, hadn't seen the post from Mike directly
And he talks an enormous amount of sense and it's a cautionary tale for those making coins (and their customers) now
Don't be so sure, there was more to it then that:
Reasons I'm likely to not sell more coins:
1. Don't want compliance hassle of being a money transmitter (this was a hobby project meant to promote awareness - moving money was never an objective)
2. Don't want security risk (the more valuable bitcoins get, the more professional the security must be and the more sophisticated attacks I must anticipate)
3. Don't want to make a mistake and become a bitcoin poster child (like Charlie Shrem, I feel like I'd be a high value prosecution target if I were to make some sort of legal mistake, just for my visibility alone)
4. Mission already accomplished (original mission was to help people become aware of bitcoin and to help people start conversations about it)
5. An appropriate mission nowadays would be to encourage people to store their own bitcoin safely on self-produced paper wallets instead of trusting others without recourse. Continuing to produce other people's private keys is perverse toward that objective.
6. I feel like the more coins I sell, the more I accumulate a presumed liability in the form of people who must trust me not to scam them. What happens if someone calls my trustworthiness into question, even without cause? Then people might think I lied and kept the keys, and then someone might want to harm me. Not what I signed up for.
7. I don't want to be in over my head. Look at Mark Karpeles, his life is probably now ruined. He could and should have quit while he was ahead.
8. It's honestly fun to see my past coins skyrocket in value. That was never anticipated in the beginning, but I will be honest, I enjoy seeing them fetch ever higher prices on the secondary market.