Hmm... thought Bob was going away for a few days there. I think he's the only example of a paid team member working as an anti-marketing team. Of course he's an ex-member, but you know what I mean.
Yes, it's an unfortunate situation but it is what it is and we'll make the best of it.
I am out of the coin (again), as my sell order got hit. I actually got out of it the other day, but a low order was hit and I was sort of sitting on them for a little while. I may buy in again, depending on what the price does. I do need to reevaluate my trading strategy, as I'm out with only like a 10-20% profit (and it wasn't a giant initial investment to begin with), but I need to take into account unforeseen and totally unexpected circumstances when calculating when to buy/sell. I would have never guessed the Bob situation to occur, for instance. So I guess it's a good learning experience.
Trust me, that one was a learning experience for all of us.
A couple of things have bugged me a little bit about this coin, which I am hoping the devs can shed more light on. Based on answers, I may get back in.
First off, I asked specifically early on before the ipo was over as to what percentage of funds the devs would take for themselves. I was given the answer that they'd take nothing direct from the ipo for themselves, it'd all go towards the coin itself. Bob answered this, I believe, so one could question his honesty. But no other team members corrected him, and I will assume they had to discuss what they'd each get beforehand anyway.
After the ipo, they posted they'd each take 2 btc for their efforts. It's a fair amount, but it does almost feel like the rules are being made up as they go along. I'd rather they would have said up front how much each was getting, and not after I was told they'd not take any at all.
I'm just not going to comment on what Bob said. We each took 2BTC for ourselves which I think is a fair amount. The remaining money will be spent on activities directly related to advancing the coin.
I asked about vendors, and Bob spouted out a long list, including gift cards and jewelry. I ask after he leaves, and am told the dev team doesn't know what info Bob provided earlier, and I'm given somewhat vague information. Too much info given is vague... marketplace is fine, but no real answer as to vendors, or how the team will provide an incentive for anyone to shop there. Will DCM people get a discount, why will anyone wish to use DCM over other coins, or just shopping at amazon directly? Those are the answers I'd like to see.
At this point we're throwing around lots of ideas and a discount for DCM is definitely something we are discussing (among lots of other things). I have my own opinion on Bob's vendor list and as far as I know, no specifics were ever mentioned by him. You draw your own conclusion on that; I know I've drawn mine.
We are getting ready to draft support materials which will outline to vendors what their potential benefits are for accepting DCM and will release those when they're ready.
I also question the timetable the team is using. Saying great things are planned 3-6 months from now is all well and good, but that assumes the coin survives 3-6 months from now. Buy support is... well, let's just say not good. I am assuming the multipool is what is keeping the price where it is now, based on the order history. The team needs to add some intrinsic value to the coin now, not 3-6 months from now. People in cryptoland aren't that patient.
I don't mean for this to sound overly negative, and again, may get back in, but I'd like to see real answers, not so many vague statements about future plans.
First of all, I don't think anybody ever mentioned 6 months. That is beyond our planning horizon right now.
Further, you can question the timetable all you want, but the reality of the situation is that we have a lot of work to do. I've done Software for 20+ years and eCommerce for 10+ years and understand the effort and pitfalls involved. Yes, we could announce a timeline of 4 weeks, but the chance of ending up looking stupid for doing so are too big. Please understand this: We're trying to give you *realistic* times, not pie-in-the-sky times. Our goal is to beat those estimates and be able to pleasantly surprise people, but I we're playing it safe for now.
Yes, crypto is fickle, but we'll get there and in the end, it will pay off; I'm quite certain of that.
Also, I'd like to reiterate something I posted earlier today: we are all heavily invested into DCM. It is in our own interest to make this work.
