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Author Topic: [ANN] [START] StartCOIN 2.0 - The digital currency for crowdfunding  (Read 514693 times)
johnp
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March 12, 2017, 05:15:25 PM
 #4081

Here's my personal retrospective (and rant) on StartCOIN/JOIN. I won't be bashing it but I won't pull any punches either.

Let me start by saying that I think StartCOIN has been an interesting ride.
 
I've seen some real potential. There was the event with Kim Dotcom where he announced the plan to fund his next project through StartJOIN..we saw Max throwing out some pretty big words about what he believed the value potential could be..even Russel Brand seemed to be involved at some point. And of course we had Karl, who was seen as a ambitious, knowledgeable and successful guy at the crypto game. The various connections to BnkToTheFuture and Dixon also helped to reinforce a serious image (I personally think he seems like a trustworthy guy).

However now when I look back at everything it feel there's one thing all of these "selling points" have in common, and it's hype. Not so much actual technology and innovation. While the concept itself surrounding the StartJOIN platform is far from the worst I've stumbled across in the crypto community, it's not really that groundbreaking on a technical level (not that it necessarily has to be in order to be successful). At its core it's basically a website connected to a blockchain. The coin and chain itself seem to have received more or less zero effort while the website and promotion surrounding it has gotten full attention. I thought okay, fine, as long as the site is going to keep evolving.

However the web development side has been lackluster beyond belief. The single single most critical aspect of the whole project and they have not been able to deliver it in a satisfactory manner. Karl mentioned in a video x months ago that the team were working hard on the development. He went through a list of things they would do that week, one of them being to implement a fix for some kind of annoying bug on the login page. I can't remember the exact details but it sounded like a 2-3 hours fix (I'm a web dev myself). I remember thinking that if I was responsible for all development for the project I'd have likely fixed his whole to-do list in one day. That lead me to believe that his staff of programmers couldn't possibly consist of more than one person and that this person could not be hired to work full time on the website but perhaps more like 8 hours per week. This is INSANE considering Karl could easily afford to pay for more hours per week. I could be completely wrong on this of course; perhaps he spends massive amounts of money on this. My gut feeling as a developer says otherwise however. If this is the case then I can understand why we had to wait so incredibly long for v2 to arrive while the site came to a complete halt after the breach.

So now they've announced that Max is officially leaving the project and that they will stop all development on StartCOIN, instead handing it over to the community. This will enable them to focus all efforts on the website. While this seems to be a smart move since the site obviously has way too few resources allocated to it..it also raised an important question: how much extra time and resources will this move actually grant them? Again, it's not like we've seen the coin itself develop much at all during its entire lifespan.

Do I think Karl is sitting there plotting how to trick people into buying into the hype? No, I believe he still genuinely tries to make the best of what he got and to deliver a complete product. His mistake however and the general theme I've seen throughout this whole thing is that they exaggerate the size of the team and scope of what they can actually deliver. Just being honest about it and gaining support that way, perhaps through volunteer programmers and other people interested in helping out would have made the experience much more pleasant for everybody involved. Seeing new code being committed and watching the site develop every week. Less suits, big words and promises.

All in all, I think you sometimes need to lower your guard a little in order to allow yourself to invest in risky ventures. To allow yourself the risk of ending up with the short end of the stick, if you will. At the same time it's important to always learn something from when things don't go your way. When it comes to StartCOIN I feel it has been an important lesson for me (and probably many others) to dig deeper into what I'm actually investing in and try to resist jumping aboard mostly because of hype. I wish the team the best however and for everyone who has invested in the project. Hopefully Karl will be able to steer this half-sunken ship into greater things. But I think they need to reconsider the approach and be more transparent. Do more, show more, talk less.

Excellent overview however sadly it will fall of Deaf ears :-(

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March 13, 2017, 08:01:20 PM
 #4082

Discussing this shit, is like discussing the features of your new Camcorder when you bought it on a corner.

When you open it...


Bloody tricks and broken Promises over a stupid Pnd.
Nothing but a fancy Scam from Day One

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March 13, 2017, 08:04:45 PM
 #4083

StartCOIN = $1 in 2016. — Max Keiser (@maxkeiser) April 2, 2016. Our next equity offer on BTTF will be all about getting @start_coin to $1 @BankToTheFuture  Grin Grin Grin Grin Grin

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March 14, 2017, 07:12:44 PM
 #4084

What is the current distribution of the StartCoin? Does StartJoin still hold majority of the pre-mined coins?

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March 14, 2017, 08:44:02 PM
 #4085

startcoin website is down Huh why??

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March 14, 2017, 09:35:30 PM
 #4086

startcoin website is down Huh why??

No its not they have switched to https://v2.startjoin.com for what it is worth

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March 14, 2017, 10:21:19 PM
 #4087

 Should I care about my startcoins held on exchange like bittrex or cryptopia?

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March 15, 2017, 06:55:38 AM
 #4088

Flip the Table?

So what possibilities exist regarding handing over Startcoin (SC) to the community? I have an idea that is simple and easy to administer.  Instead of focusing on using a volatile crypto (SC) to fund projects we could encourage projects to offer rewards in SC to community members that backed their project.  In order for this to work we would need to create a community culture that is biased towards financially supporting projects that offer a decent SC reward. Imagine projects having a far greater chance of getting funded if they offer a 10% SC reward (something like 10 cents worth of SC for every dollar a backer contributes). The project lister would be trusted to send out SC to backer's addresses (posted in project comments section by backers) at the close of a successful funding and if they did not it would obviously hurt their reputation. Obviously if the project lister needs to raise $100 they should ask for $110 to cover reward plus project funds. Although it may be encouraged by the community to favor projects that can show they have the coin beforehand. 

The more strongly we assert this community culture and be supportive and consistent in funding projects that offer SC rewards the more evident the utility of SC will be!  In addition to creating SC utility we increase transaction volume and get newbies to download a wallet and obtain a few SC.  Assuming the platform is a success, future “would be” entrepreneurs might see it wise to hold a little SC so they can be ready to list a project in the future.  As the price of SC rises to more respectable levels (could we see $0.05 again?) those of us with lots of coin will find it easy to fund projects by donating directly or by converting a small amount of SC to donate but until then we would need bitcoin or paypal or some other means of backing projects (so it would not make sense to integrate currently worthless SC absent other payment methods).  Lastly, I think the simplest and most beneficial thing to do with the premine would be to BURN IT.  For these ideas to be effective, however, would require the community to undertake a serious attitude adjustment. Or maybe I am violating some law of economics I am unaware of and it would not work....What do you think?
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March 15, 2017, 10:50:31 AM
 #4089

@TheBlaze
"handling over to the community"
that was exactly my idea when I asked about pre-mine
as far as I know StartJoin holds most of those pre-mined coins and it was 50% of total coin supply at the launch!
Besides StartJoin controls the crowdfunding platform and thus it has almost total control over the Startcoin.

So everything is dependent on the StartJoin will, we just can make an offer on making START a community coin, but to move in this direction firstly we should have such kind of community.



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March 15, 2017, 12:43:08 PM
 #4090

Community is Max Karl and Simon.
SC will shine with a golden gleam when SJ will work  Grin
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March 15, 2017, 02:22:31 PM
 #4091

Community is Max Karl and Simon.
SC will shine with a golden gleam when SJ will work  Grin

actually it somehow works - StartJOIN v.2  Huh

but no use for the coin  Angry


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March 16, 2017, 09:49:09 AM
 #4092

Like. More cheap SC for strong arms  Grin
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March 20, 2017, 06:20:47 PM
 #4093

This scam was not even that fancy. No dividends were paid. Only at the beginning. When you visit their site they have it there on the right hand side as if they proud of it and it's a selling point but really it's outdated and it's right out there in the open. Not sure why anyone would support something that can't just be updated and work like it should.

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QURREX - QRXTest MVP |Source
www.qurrex.com

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[/c
Piston Honda
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March 20, 2017, 06:34:06 PM
 #4094

super duper shit coin here folks.

burn dem bags.

www.dlsag.com ~ 1ex.trade
z0n0
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March 22, 2017, 10:47:09 AM
 #4095

I made a thousands mistakes in crypto world - buying this shit was my biggest!
Fuck you, you fuckin START fuck  Angry

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March 22, 2017, 03:48:17 PM
 #4096

I've missed over 9,000 shots in my career.
I've lost almost 300 games.
26 times I've been trusted to take the game-winning shot and missed.
I've failed over and over and over again in my life.
And that is why I succeed.
Michael Jordan
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March 25, 2017, 02:16:47 AM
 #4097

Why it went up 60% ?
piebeyb
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The Operating System for DAOs


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March 25, 2017, 07:46:16 PM
 #4098

I know this is a stupid thing to hold the bag startcoin at this point, but I think it would not hurt to hold the bag now below the low prices at this time, all trading altcoin have a high risk of losing money but I think if the prices will again go up to the price future high startcoin least buy and hold at the current low prices, it may be better in the future

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Xandan
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DECENTRALIZED CLOUD SERVICES


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March 25, 2017, 07:50:54 PM
 #4099

There is not any big hope left to see things working for Start bag holders but still there are chances to see unexpected turning point in this market as well. Altcoins market is very hot these days any coin can be next on the list of whales to take that up.

IAGON  ⚡️ WE REVOLUTIONIZE THE CLOUD ⚡️
  LINK TO TOKEN SALE | LINK TO DISCUSSION
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March 26, 2017, 04:15:17 AM
 #4100

An interesting read.....

Is Max Keiser a Plant?

http://mileswmathis.com/max.pdf
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