I think that developers are delivering ideas and finding out that;
a ) it takes alot of work to build a resiliant and valuable community around cryptocurrencies and
b ) it is going to take years and a huge mainstream adoption to provide values
People thing these things will work overnight but they won't, not to mention that each coin has to have a real world purpose, or an existing market, the best hope with alot of coins is that world governments will buy into existing cryptocurrencies, such as might be plausable with Britcoin in the UK.
Personally, I think BIG has a fantastic brand to work with, but needs to move on to a community or new development team to be of future purpose or value, I remember EA years ago used to produce games under the brand EA BIG such as sports titles and even SSX snowboarding.
I was about to buy 10,000 Big from Bittrex today, however with no activity since October, and no real visible path to success I can't help but think it would be a bad investment.
Now I can see why governments are not interesting in regulating the space - basically governments would have to reimburse investment losses from things like this, even when a developer has the best intentions, losing interest is the worst thing that can happen.
Maybe the developer would be interested in passing BIG over to the community for us to rebrand, rework and redeliver, seeing as it is not backed with anything tangible.
I think it has a future, certainly as the founder of Virtual Gold and Transit State Commodities on the blockchain (see
www.virtualgold.org) I would be prepared to bring it across to the Transit State Commodities Hierarchy.
PM's welcome, think we have proven that even decentralised digital currencies need some form of centralised trust managament, I setup Aerarium Universitas to do just that, place communities of developers under "one roof" so that digital currencies can be centralised, independently developed, but supported by another team or taken over in the event of failure or dispute, I think it would work well.
I don't think it's fair to "dupe" investors into buying coins, supporting something and then moving on without providing a refund or return, what does anyone think and what do we do?
