As much as it is disappointing to see the price dropped so much for no known reasons, it is proving our point that we are on the right track.
With all due respect sir, the reasons are clear: Supply is high and there is almost no demand.
Can we have a frank
business discussion?
I know I've been vocal to the point of assholey on this topic previously, but it's only because I am enormously invested in our coin. Please consider when I say this objectively, and this is not aimed at anyone in person, that having the price fall 75% in a few months is hardly proving that we're on the right track.
NOTE's objectives as I can fathom are to be a unit of account and value storage, for which we all agree that:
1) price needs to be stable,
2) the coin needs to actually be worth something.
So far we are
clearly failing on both those counts. We can dress it up like they do over at DOGE "oh, we're on sale now! better buy some more" or face facts that the current development priorities aren't aligned with the reality of how businesses in this sphere operate. I don't say these things to troll or to be a dick, I'm just a guy like you on the end of a computer somewhere in the world, who wants this project to succeed. But I genuinely think we need a strategy rethink of how we're going to get there.
Now, I fully appreciate the softly-softly, slowly-slowly approach. However, there is a real risk in crypto (and we see it ALL the time) that a coin can perform SO badly as a speculative asset, that it loses all credibility for being anything else. This is my fear. If we don't reassign or reprioritize some of our attention to the things that make a coin attractive to investors then there is an imminent and very real chance that the valuation will fall so low, along with the already meager volume, that it'll be viewed as toxic by those who would otherwise have bolstered the path to glory.
I'm saying that while we should be cautious and take our time, I believe it's also possible to move
so slowly that all interest is lost. This community needs to open its eyes a little, I'm sorry to say. You're all great people, without doubt the nicest and friendliest crypto community I've come across - and that is a strong asset - but we also need to stop resting on 'flying under the radar' which has become a euphemism for 'nobody is interested'.
Speculation is NOT a dirty word. I feel this community sees speculators as pump and dump vultures. We need to expunge this toxic idea from our consciousness.
Speculators are not the enemy, they are the lifeblood of a project like this. When Google and Facebook and Amazon IPO their companies on the market, they're offering shares to SPECULATORS to catapult their business potential into the stratosphere.
The best thing a company can do to grow is to attract speculators on purpose by offering them shares, or in our case coins.
Why does it work? Because speculators buy the shares. The price goes up. This is good. People like this. Other people want to join too. They also buy shares. The price keeps going up. Network effect comes into play. This is NOT a pump and dump I'm describing. This is GROWTH of the market value based on speculative interest.
We must stop this irrational and damaging aversion to speculation like it was some evil. On the contrary, we should embrace the opportunity to sell slices of our business to interested parties. Speculators who are happy to invest, who make returns, who see their capital grow and not shrink, are a thousand times more valuable than these CRISP outreach and Moms projects.
Our best advert is success itself. It is laudable to encourage kids and businesses and moms to get into crypto, and I know this a core tenet of the NOTE plan, but these programs' efficacy pale in comparison to how NOTE will be positioned in the market if it were only to actively seek speculative investors.
To this end, and what I've been saying all along, is that we need to make NOTE more attractive to those speculators by producing a work output that is valuable to them. Electrum wallets, as I mentioned previously, is just one aspect. Some kind of technical innovation is what cryptos thrive on. It's what makes people interested. The world needs to know what's going on.
What are you working on that's infrastructure real? To loop back and join all the dots - while I appreciate that NOTE is moving slowly so as not overhype itself, and it's objectives are aimed at robust real-world applications, we must be very careful to not crawl to a complete stop and lose what small sliver of interest we used to have by being over-cautious.
I suggest the NOTES management become very vocal, very fast, about what the concrete plans for the future are- and how they will attract everyday investors to buy coins - not external VC funding. Nobody wants to get on a train moving very slowly to somewhere undefined but full of promise. Let's get a real roadmap, a real grasp of the technical infrastructure needed to achieve the goals - real, tangible, quantifiable things that people can be excited about. Then NOTES can become healthy again.
The most important question that needs to be asked right now is "Why should anyone buy NOTE?" and we need to have an answer, a really good answer, pretty soon. The answer is not "Because it's the cryptocurrency of the future because I said so" - this is simply delusion. We can do better. Let's figure out together what that is.
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