I love Monetha type of projects so I read their white paper and their website. Meh. I decided not to invest. There is a lot of hype but not as much substance plus some of the things they said in the white paper weren't accurate/didn't really make sense. I think they might not have done all the research they need
Are you kidding? There is no substance to their whitepaper? What kinda of substance you're looking for?
MTH is looking to disrupt online payment system. It will take time to execute all the key features in the whitepaper. Rome wasn't built in one day.
There is almost no substance to their whitePaper. Have you read it? Carefully? There are many mentions of why an idea like Monetha is good (and it is a good idea) and how big the potential market is (yes, it is big). But there is almost nothing in the paper about how they will execute their strategy, aside from some cute workflow figures. There are many operational reasons why merchants don't deal in crypto right now. Most merchants don't even use paypal. Monetha is surely not the first player in this space. There is no practical solutions to overcome all these obstacles and implement the idea. Writing a bit of code is the easy thing. How do you actually translate it to the real world? Where do you start? What is your regulatory approach (as financial services is a highly regulated space).
Also, some of the things in their white paper don't make sense. Have you read their legal section? Seems like they got legal advice from bitcointalk rather than a lawyer