🚀 |ANN| MYSTERIUM NETWORK - Decentralized VPN built on blockchain |MYST|

[princehandsome]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think the MYST team needs to do it because the price of this coin is very decreasing now $ 0.079910 USD. MYST price is not yet good because you can see MYST coinmarketcap still decreasing (red).

[CORNEL]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think the MYST team needs to do it because the price of this coin is very decreasing now $ 0.079910 USD. MYST price is not yet good because you can see MYST coinmarketcap still decreasing (red).

It showing lack of interest of new investors majority of the people are afraid due to current market situation very long bear phase killing very badly to all promising market. I already picked a lot on cheap price I hope soon it will start rising this idea is still very big.

[VestRidCr]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think so aggressive marketing could make this attractive for big investors while there is big room to grow. I also have strong faith in this project it is worth to buy more and support this it will rock.

I am also very positive about this project. The news is constantly published on Twitter (https://twitter.com/MysteriumNet) - the team really works. And this is the most important condition for success.

[Lenor5.3090]

Is there any potential for development in the MYSTERIUM NETWORK project? Myst coins lack the necessary market value management, and prices drop too much.

[MysteriumCommunityManager]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

Hi, thank you for your feedback. The team is working on the possibility of other ways to add value like strategic partnerships and business relationships as well as growing adoption. Marketing budget just got approved and will be for things like promotional agencies, influencers, events, etc.). I have shared your comments with the team.

[MysteriumCommunityManager]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think so aggressive marketing could make this attractive for big investors while there is big room to grow. I also have strong faith in this project it is worth to buy more and support this it will rock.

Hi, thank your for your support and faith in the project, we really appreciate it. Please see the comments above regarding our upcoming marketing developments.

[MysteriumCommunityManager]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think the MYST team needs to do it because the price of this coin is very decreasing now $ 0.079910 USD. MYST price is not yet good because you can see MYST coinmarketcap still decreasing (red).

Hi, please see comments to answers above for our upcoming marketing developments. Current situation is because of Liqui delisting and market conditions. We are focusing on the product and ways to grow adoption like partnerships and business relationships.

[MysteriumCommunityManager]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think the MYST team needs to do it because the price of this coin is very decreasing now $ 0.079910 USD. MYST price is not yet good because you can see MYST coinmarketcap still decreasing (red).

It showing lack of interest of new investors majority of the people are afraid due to current market situation very long bear phase killing very badly to all promising market. I already picked a lot on cheap price I hope soon it will start rising this idea is still very big.

We are working very hard towards our goal of reinventing privacy, security and freedom on the internet. Thank you again for being part of our community.

[MysteriumCommunityManager]

The MYST team needs to further strengthen its marketing efforts so as to attract more investors. The price of MYST has been pretty good in recent days.

I think so aggressive marketing could make this attractive for big investors while there is big room to grow. I also have strong faith in this project it is worth to buy more and support this it will rock.

I am also very positive about this project. The news is constantly published on Twitter (https://twitter.com/MysteriumNet) - the team really works. And this is the most important condition for success.

Thank you! Correct, we are very active on all of our media with news and development updates. We also have one of the most active GitHub repositories in all of crypto.

Please be sure to follow and subscribe to the following:

Telegram:
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Website - https://mysterium.network
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GitHub - https://github.com/MysteriumNetwork
Newsletter - http://www.subscribepage.com/MysteriumNetwork
Whitepaper - https://mysterium.network/whitepaper.pdf

[MysteriumCommunityManager]

Is there any potential for development in the MYSTERIUM NETWORK project? Myst coins lack the necessary market value management, and prices drop too much.

Hi, to our understanding recently it is because Liqui has delisted a number of tokens due to current illiquid market conditions. The Mysterium Team is singularly focused on activities that drive long term benefits for the project such as our macOS and Windows alphas - milestones that will drive adoption. We urge you to download our alpha and give us feedback.

macOS MysteriumVPN Testing https://t.me/joinchat/Fcbq80ps5iZZ7dTE4nXsIw
Windows MysteriumVPN Testing https://t.me/joinchat/Fcbq80z_3SCRZR8j-QLAGw

[MysteriumCommunityManager]

Mysterium Liqui Delisting https://medium.com/mysterium-network/liqui-delisting-ff05b6aef142

[ttookk]

Hey Mysterium team,

could you give me a short "explain it like I'm five (ELI5)" answer to the following question:

Say, you succeed in getting the VPN system to work and say, you opensource the code (which you'd need to do anyway, I guess). What stops someone else from taking your code, changing the payment and bond methods to ETH instead of MYST and then republishes it? Or, to phrase it a bit differently, what technical advantage does a token approach have over a general currency approach?

Thanks in advance

[sumade]

@ttookk there is currently a large community of active testers, people hosting nodes etc., a hypothetical copycat wouldn't have the same community, so there is that to consider for starters

Is there anywhere I can buy more MYST? - perhaps some sort of ETH token escrow

[ttookk]

@ttookk there is currently a large community of active testers, people hosting nodes etc., a hypothetical copycat wouldn't have the same community, so there is that to consider for starters

Bad argument. Since a fork could be pretty much interchangable, it would get traction in no time. All the extra hoops a user would have to jump through to use a token instead of ETH/BTC would drive first new users, then the old ones to the new alternative. With them, the node providers follow.

Unless you have good, technical reasons to use a token, a token approach is always inferior to a general money approach and will eventually be outrun by general money approaches. That's why we don't have Banana-Dollars to only buy bananas with, and Bread-Dollars to only buy bread with and so on.
The only thing a token might still provide at that point is the utility of a discount method. And that'll only work if you find node providers who are willing to play the game that way.

So, are there technical reasons?

[MysteriumCommunityManager]

Mysterium COO - We are looking for a seasoned Chief Operating Officer to oversee and optimize our organization’s ongoing operations

https://mysterium.network/about/careers/chief-operations-officer/

[MysteriumCommunityManager]

Hey Mysterium team,

could you give me a short "explain it like I'm five (ELI5)" answer to the following question:

Say, you succeed in getting the VPN system to work and say, you opensource the code (which you'd need to do anyway, I guess). What stops someone else from taking your code, changing the payment and bond methods to ETH instead of MYST and then republishes it? Or, to phrase it a bit differently, what technical advantage does a token approach have over a general currency approach?

Thanks in advance

Hi, nothing stops from forking the code and building their own project. We believe by collaborating together and working on the same privacy issue in open source environment we can reach much more than doing this individually alone, please join our movement and you’ll see by yourself. Our project has received funding, has a clear whitepaper with milestones and a team of security and privacy experts that has grown strong from 4 to 30 and growing.

In regards to what payment method is the most suitable for Mysterium platform, we strongly believe that our crafted promise based payment approach using MYST token will solve the problem(P2P value transfer without 3rd party involvement). There are other approaches on the market and every approach has it’s technical challenges and limitations which restricts projects from easily switching between them.

[MysteriumCommunityManager]

How will Mysterium Identity (Mysterium ID) work within Mysterium Network?

https://medium.com/mysterium-network/how-will-mysterium-identity-mysterium-id-work-within-mysterium-network-d330be95ab08

[ttookk]

(…)

In regards to what payment method is the most suitable for Mysterium platform, we strongly believe that our crafted promise based payment approach using MYST token will solve the problem(P2P value transfer without 3rd party involvement). There are other approaches on the market and every approach has it’s technical challenges and limitations which restricts projects from easily switching between them.

Ok, so it looks like as if the token is a pure means of payment. This is a problem, because the extra friction that buying selling first BTC/ETH, then the token, will drive users off the project. Plus, due to the weird intricacies of token economics, the value of the token is almost completely decoupled from its utility.

P2P value transfer without 3rd party involvement

Yeah, no. ETH and BTC are P2P value transfer systems as well and they need less of a 3rd party as MYST does. Or where am I supposed to get the tokens other than an exchange? Not to mention how cluncky ERC20 token transfers currently are, with gas and all.

I kinda believe that you think you are doing everything right, and your position isn't exactly enviable, but I think if you took a closer look at the economics behind what you say your token is supposed to do, and if you spoke to some outside people, who are versed in economics, about your current approach, you'd find out that your current approach to payment, using a token, is a dead end.

From what I can see, you are working on your VPN and it's chugging along nicely. It would be a pitty if nobody uses it in the end. And under the current circumstances, over the long term, no one will.

I am just some random guy on the internet, but I'm telling you, go look for some experts, ask them what they think of your current payment model (you have the funds to do so, after all) and listen to what they'll tell you.

Because, here is the point:
The general question for every token model is "why a token, why not a general currency?"
If "because we coded it in a way that you need the token" is the only answer, your project is dead on arrival.

Our project has received funding, has a clear whitepaper with milestones and a team of security and privacy experts that has grown strong from 4 to 30 and growing.

I think it's time to add some economy experts.

[MysteriumCommunityManager]

(…)

In regards to what payment method is the most suitable for Mysterium platform, we strongly believe that our crafted promise based payment approach using MYST token will solve the problem(P2P value transfer without 3rd party involvement). There are other approaches on the market and every approach has it’s technical challenges and limitations which restricts projects from easily switching between them.

Ok, so it looks like as if the token is a pure means of payment. This is a problem, because the extra friction that buying selling first BTC/ETH, then the token, will drive users off the project. Plus, due to the weird intricacies of token economics, the value of the token is almost completely decoupled from its utility.

P2P value transfer without 3rd party involvement

Yeah, no. ETH and BTC are P2P value transfer systems as well and they need less of a 3rd party as MYST does. Or where am I supposed to get the tokens other than an exchange? Not to mention how cluncky ERC20 token transfers currently are, with gas and all.

I kinda believe that you think you are doing everything right, and your position isn't exactly enviable, but I think if you took a closer look at the economics behind what you say your token is supposed to do, and if you spoke to some outside people, who are versed in economics, about your current approach, you'd find out that your current approach to payment, using a token, is a dead end.

From what I can see, you are working on your VPN and it's chugging along nicely. It would be a pitty if nobody uses it in the end. And under the current circumstances, over the long term, no one will.

I am just some random guy on the internet, but I'm telling you, go look for some experts, ask them what they think of your current payment model (you have the funds to do so, after all) and listen to what they'll tell you.

Because, here is the point:
The general question for every token model is "why a token, why not a general currency?"
If "because we coded it in a way that you need the token" is the only answer, your project is dead on arrival.

Our project has received funding, has a clear whitepaper with milestones and a team of security and privacy experts that has grown strong from 4 to 30 and growing.

I think it's time to add some economy experts.

Hi, thank you for your feedback. I have shared it with the team. Also keep in mind that there are economic incentives in the network. As for some of the new team members they include a Chief Financial Officer and a Business Analyst. More details will be provided in a Medium post. https://medium.com/mysterium-network

We are exploring various possibilities for our community to make use of the MYST token until Mysterium VPN app goes to market. We are also exploring options for nodes to onboard on various platforms to start receiving MYST tokens. More news on this in the coming weeks, stay tuned.

[MysteriumCommunityManager]

Join our Telegram group for Testing of MysteriumVPN app for Windows. Use and test our VPN app for FREE & help us by providing your feedback.

https://t.me/joinchat/Fcbq80z_3SCRZR8j-QLAGw