A " marketing team" needs to be created. People need to be assigned tasks, (this person creates funny cat memes, this person posts on 4chan, this person to reddit, 9gag, etc etc) to get the word out and and create a buzz.
This is easier said than done when no one is getting paid.
The development team needs to go back to the drawing board and say; What has been done? and What can be done? What are other coins doing? What is no one doing? You can't exist in a vacuum. There is a world going on out there.
Saying "our coin is good and our coin will survive because there was no premine" is naive. A premine or IPO does not mean your coin won't survive. In fact having a development budget will help ensure it does thrive.
This may seem drastic but think about this:
What if the coin was relaunched as Kittehcoin 2.0 with adaptive scrypt-n to prevent multi-pools and asics?
This would prevent constant downward pressure from multi-pools autoselling.
You could create a trade-in like memorycoin or a burn-system like counterparty did where all MEOWS from 1.0 can be traded in for MEOWS from 2.0 so no one loses their stake.
Everyone would start at exactly the same place. But the coin would be stronger.
So easy to say, so much harder to do. You really think if we launch some "MEOW 2.0" anyone will trust it? What will happen to MEOW 1.0 if not traded in for 2.0? What are the specs of this MEOW 2.0? How would adaptive-N-Factor help at all? Asics are not our problem... Multpools are, adaptive N doesn't do anything for multipools. Also where will the marketing for MEOW 2.0 come from? How will MEOW 2.0 be explained relative to MEOW 1.0?.... "Well the original MEOW became too cheap and its spec was broken to start with, we fixed it and we added KGW... but then the value got low so we decided to make another one... its ok though, you can trade in your cheap 1.0 MEOW for 2.0 MEOW"?
To get a real "coin marketing team" in the sense people want it will cost money- real money. PMs from marketers have put this in the 5-10BTC range. If the community wants to help raise those funds, we will gladly use them to hire a "real" marketing team that can do nothing but pump the coin 24/7. If we want to do this, I'm all for it. i can setup a community wallet for donations, soon as we get to the target cost of the team (I'm talking about marketers like @ThisWeeksCoin and the likes) we'll make the payment, and we'll make sure the marketing team is "known" to the community so that they can voice their reactions to the marketing teams "work".
We need more
actual involvement from the community, and
less talk about what WE (the devs) need to do. This is an open source project. This is an international community. Why hasn't our community done more to help the coin grow and succeed? And when we add features or services requested by the community, why does no one use them? We are still hard at work on this coin, but to correct the issue with the value it is really a community effort. We need more people who will actually DO STUFF, instead of just complain about stuff and be negative.
We are testing
http://contribute.kittehcoin.info for this exact purpose (community contribution). This will allow people to easily dip in and help kittehcoin out- development, marketing, ideas, etc. I see no reason for people to be waiting on this though, they could easily be tweeting about MEOW, blogging about it, posting items for sale using MEOW on AllSoS.com, turning friends on to it, posting memes, yet when I search kittehcoin on twitter I see my own posts, and those of the core early adopters. Post on twitter. Post on Facebook. Post on Google+. Post on forums. Don't just post here complaining.
http://www.reddit.com/r/kittehcoin/comments/1zl2h4/notice_posts_complaining_about_asking_about_price/And there are many coin innovations we're working on- did you not see we added KGW almost instantly after the community requested it? Have you not heard we have a merge-mined coin coming out? We are looking at nameID, we are investigating ZeroCoin facets, and storing data on the blockchain in addition to transactions. I'm not sure where you got the idea we just cloned a coin and were "operating in a vacuum, having no premine isn't enough"? Our news updates have made constant references to these coin innovations. Just cause we didn't choose to implement the overhyped-PoW-of-the-moment called
Adaptive-N Scrypt doesn't mean we aren't implementing core coin innovations.
But then it all goes back to marketing. We could revolutionize crypto but without marketing where are we? Look at Aurora coin, they have done nothing revolutionary at all, they did something niche and somewhat kitchy and look at its value. I'm sure it'll drop like a rock in 9 days when they "airdrop" or whatever but there isn't anything innovative about what they have implemented. Yet look at that value. All marketing.
I hear what you are saying, and I can feel your frustration.
I've lost more than anyone else in this thread I can tell you that and I'm not giving up. They will collect dust on my harddrive before I sell them at this kind of a loss.
As to your comments about trust. Yes, I do believe people would trust Kittehcoin 2.0, why shouldn't they? You have proven yourself to be dedicated and mindful developers. You would be taking action to protect the coin and the community. Again, it would be foolish to think of 2.0 as starting over. Think of it as an evolution.
As for the multipools, Adaptive-N would help because multipools can only switch between coins with the same PoW. They can't switch from scrypt to scrypt-n on the fly. The majority of coins are scrypt/Sha256 so it only makes sense economically to run regular scrypt mining multipools. In this way, yes, adaptive-N would prevent multipools.
It doesnt even have to be adaptive-n it could be quark or keccak or some CPU algo.I do understand your point regarding the reasoning behind the change from 1.0 to 2.0.
The reason for a change from 1.0 to 2.0 would not be simply because "the price was low". No one knew about multi-pools a few months ago. This is something that was not forseen when people first started developing altcoins. This was exacerbated by trading API's that made it convenient to auto-sell.
I have some marketing experience and I can tell you far more ludicrous answers have been passed off to the public without them even batting an eye.
Memorycoin did it before with a trade in to memorycoin 2.0 and not only was it widely accepted it was praised.
The dev team acknowledged that mistakes were made and they could do it better with the experience they acquired from the previous coin.
If the reason is beneficial and means more money in their pockets then the people will stand behind it. I could give you any number of reasons you could tell the people why you switched from 1.0 to 2.0. But I don't believe marketing strategy should be talked about in that kind of detail in the open. Suffice to say that there is very good reasons to make the change that people would understand and accept.
I'm glad to hear about the community contributions but again, people are lazy, apathetic. You deserve a lot more than the paltry sum you will get from voluntary donations. Mandatory contributions to world recognized non-profits would give you free and continuous publicity and positive marketing.
I see no reason for people to be waiting on this though, they could easily be tweeting about MEOW, blogging about it, posting items for sale using MEOW on AllSoS.com, turning friends on to it, posting memes, yet when I search kittehcoin on twitter I see my own posts, and those of the core early adopters. Post on twitter. Post on Facebook. Post on Google+. Post on forums. Don't just post here complaining.
I don't know what else to say other than we can't promote this. Expecting community marketing support is difficult because people are less likely to tell their friends and family about a coin that is continually decreasing in value."Hey guys why don't you buy some of these magic internet monies! You buy them and then magically you lose money!".
I can't tell anyone to buy this. I really want to, but I can't promote this in good conscience.
I made the mistake of telling one person to buy in to Meow when they were at 40. I feel like I was being overly optimistic of the state of the cryptocurrency community.
Multi-pools are parasitic. They are an attack on a coin, plain and simple.
Your coin is defenseless from these attackers.KGW may make it harder for them but if they are the only ones mining (which they are, because there's no point competing with them), they are still getting all the coins, high difficulty or not.
This is something that you couldn't have foreseen or prepared for.
It may be easy to take this as "everyone is complaining, no one appreciates what we've done" but thats simply not the case. People are worried, scared and upset. They have a right to be. Unfortunately complaining about the price is about all that most people can do in this scenario.
I'm not saying my ideas are the best. But this is a discussion the community should be having.
All though not as ideal as an imposed fee, there are also the possibilities of a premine or IPO.
Premines and IPOs are the new norm now. Let's all grow up and admit that they have their benefits.
You have long since proven that you are not here for a pump and dump scheme. You can definitely be trusted with a premine.
