Full disclosure: I hold MTH Tokens.
From reading, watching the MTH Price over the last Month, and working within the app that was made available recently, here are my takeaways:
- What should receive the most criticism? Is it the dev-stage of the app? Time-management? Hiring-issues?
I feel like the end-product in X-amount of time holds so much potential, and although timing is very important, I believe it's most important to deliver on an incredible end-product eventually than it is to deliver on a weak end-product immediately.
I see no official statement anywhere that states they have delivered on an "end-product"; however, I feel that the heavy criticism so far is viewing the app currently available as the "end-product". Perhaps the Monetha Team, undergoing an ambitious project, was overly-ambitious in planning when
Feature X would be available. This could occur for many reasons, but I'm not interested in holding MTH Tokens for the Monetha Team's excellence (or lack of) at forecasting and hiring; rather, I'm holding MTH because of the value I can see in a end-product as described in their White Paper. From a lot of criticism I'm reading (and the subsequent dumping of MTH on Binance), it appears that *complete* confidence was lost when Monetha recently released the app, because it didn't have Feature X, Y, and Z available. I may end up very wrong, but my take at the moment is that this is a false-equivalency of valuating MTH. Can we not provide some slack to Monetha on overly-ambitious timing, possible hiring-decisions, and an unplanned communication protocol for a negative review of the current-stage app? I'm willing to do so if they can deliver on their goal as outlined in their WP in a "reasonable amount of time" (arbitrary, I know).
For me, I've noticed that Monetha has had a very strong communication strategy, and has excelled at doing so under multiple platforms, and with consistent updates. I encourage them to continue to do so, as this was one of the main reasons I committed to their goal. Viewing all of this under a "good faith" lens, it's hard for me to accept that Monetha (with their current communication strategy) would release this app as their end-product and just stop communicating. I'm comfortable allowing for their Team to take an index of the criticisms and to address them when they have a confident answer. To do so prematurely/immediately would be to not respect the criticisms, after all.
Investing in something that you perceive (or realize, if you exit the investment) as a failure will cause frustration and anger. However, I challenge for all of the MTH long-term investors and believers in the Monetha project to take a personal analysis of their situation and understand that there are short-term investors looking for a "delivering on promises" valuation to determine their fate with a project. My point is that the "delivering on promises" time-period may be different for different people. For me, I'm chalking this one up to a overly-ambitious time-frame on delivery within their WP. For others, they are exiting as they see the current app as a culmination of all problems within Monetha and a signal to an eventual failure...
I'm just not there yet, as I see incredible value with an eventual delivery of an excellent end-product in a reasonable amount of time.
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