ANNOUNCEMENT REGARDING BITTREX CFCOver the course of the past week, the collective has had the benefit of speaking with a number of venture capitalists, business marketing folks, and the community in general. We've been fortunate enough that they've given us some really amazing insight and direction as well as their general opinions on what we should be doing, what we haven't done and what can be done to not only assist in sending r3d in a successful direction but ensure that it stays on that track. With this in mind and after much discussion, with the help of Bill, Richie, and the rest of Bittrex staff, we've decided to restart the CFC on August 21, 2015 where the market will open for buys at 9:00 PDT (12:00 EST) and run until September 4, 2015 (9:00 PDT) 12:00 EST.
Between now and then we'll be working with our new associates as well as the community to do a few things:
1. Make better use of the resources at our disposal to make a wider range of audience aware of r3d
2. Provide a complete demo along with live use cases showcasing exactly what r3d is capable of and the potential of it
3. Reaching out to other investors with solid data supporting our projected use, growth, expenses and needs.
If you haven't already listened to the interview we participated in over at SuperNET radio, we think many of the questions or areas of confusion might become clearer. The link to listen is:
https://soundcloud.com/supernetradio/r3dAfter the CFC went live and we spoke with interested members of the community, we realized that we had approached this as a group of developers and not businessmen - because we aren't businessmen. Once our mistakes were pointed out to us and explained that our shortcomings in that area would ultimately hold r3d back, we made no mistake in taking the appropriate actions in effort to turn the current course around and resolve any outstanding issues.
With that being said, the current price point and supply offered will remain the same. The only details changing are start and end times of the CFC. In the coming week you'll be sure to see r3d mentioned quite a bit more, as well as development updates and following that the aforementioned demo. We're really looking forward to providing the community and world with something great and feel incredibly fortunate to have the people that are supporting us in our corner and believing in what we're doing.
For those of you who have already purchased R3D through the current CFC at bittrex, please keep a lookout for a buy wall that should go up within the next few days. Again, nothing is being cancelled here, we're only restarting our CFC so that we have more time to do a bit more work necessary on PR, promotion, marketing, and a demo for everyone.
If anyone has any questions, we're all here every day and we're more than willing to answer them for you.
Sincerely,
The r3d collective
That's great! Hoped that you guys would do something like that and agree with what you describe. In my eyes there were/are mainly these issues:
1. In the beginning a lack of trust in the R3D-Team. (I think that problem is solved)
2. That some User are against the CFC is partly linked to 1., but I believe that such reactions often are just impulsive and like "I don't want them to see succeed."... a kind of jealousy. It makes sense to ask for arguments. ;-) Impulsive FUD is very fragile.
The thing about 1 and 2 is, that it costs some time to get over it. And that time was missing for:
3. The idea itself, because it's complex and not too easy to understand. Investors have to think about it to realize the potential.
4. The tech... and to raise trust, not just in your good intentions, but also trust in your abilities.
5. One big point is a lack of attention in general. This project needs more support from everybody who would like to see it realized to make it known. I think, that's one of the most important points for the CFC.
And as I said before... there is one thought that is really interesting about this project: The question "Would it be used now if it would already exist?" is "yes" in my eyes. And there are not so many projects that can say that. And everybody who sees that like I do, just will have to answer these two questions:
1. Is the R3D-Team honest? Do they have good intentions?
2. Do they have the skills to realize it?
And that are the main questions in every project. With or without CFC nobody should buy into a Coin if he would (or should) answer just one or the other or even both questions with "no". But also: If the answers to those questions are "yes" a CFC has great advantages - for the own investment.
It's beyond that in my eyes: I would have doubts if there wouldn't be a CFC, because it's a simple fact that fulltime-development and PR etc. needs money. What's more honest: A team that openly says that it needs money to build something great or a team with hidden intentions, controlling the price and manipulating Investors for the own profit? The answer should be obvious. Everybody who maybe complains that they don't change the CFC-price should think about that. In my eyes that's more a proof of honesty and rational thinking than the opposite.
With that being said and out of my personal view: The one and only problem I still see is that it needs more attention but I'm optimistic that there will be a change. And everybody who agrees with what I said should help to make it known. The best professional marketing wouldn't lead to success if it wouldn't lead to a growing dynamic. And a growing dynamic out of an active community would be great marketing. A combination of both would be it.
(Btw: A simple first step... follow and retweet:
https://twitter.com/getr3d )
I watched and watch several projects and some of them are legit, some are/were Scams. And there is a really weird imbalance if it comes to the communities: The Scams often have a very active Community, banging the drum without knowing that they are the sheeps, making PR for the butcher. Paycoin was a "great" example for that, or Crave and several others... some of them currently. As if the idiots are the most loyal.
But how smart is it to invest in a project with a great team and an innovative idea with great potential but not to support it?
I don't say that anybody have to see all this like I do. I'm even the opinion, if somebody would like to spread some FUD... do it. I doubt that the team would like to see much FUD but I'm convinced that controversy is one strategy to raise attention and it can be an opportunity to convince people if it's handled smart. The same with all real concerns people may have. It's an opportunity to give answers, not just to the guy who posts about his doubts, but also to all those who are just watching. But really effective it's just if there is an active and supportive community and not just waiting for the CM or the Devs to react on all that.
So... it wasn't the plan to write a book, but thanks for reading. ;-)
