This is a comment I received from a well known user on Cryptsy that goes by the handle, TheBourseWhisperer. I value everyones opinion and feel this comment deserves a valid reply.His original question:
@mastertrader777: i have a serious question for you. suppose what you are trying to do is really a plan to execute software development with a coin IPO. Do you have any experience in doing or managing a project on the scale you are proposiing with that mockup and overall outline? Because I think you are writing checks your coin will not be able to cash - and that's assuming you don't take a fat chunk out of it for your own pocket, which experience suggests you will. You are looking at a six figure total cost to develop, test, support, host, and maintain that thing which is just a photoshop image right now. i don't like the prospects of that, given that solid projects by experienced developers with stable funding have foundered even with much better foundations under them.
My reply to you sir.
@TheBourseWhisperer: I have serious answers, The ideologoy of ToshiDesk with the current VC frenzy can significanly raise funding on his own. MTR Admin wanted to start with a stable value of currency, to compensate a trader to increase his/her portfolio holdings of MTR. The limted supply released to the general public and grassroots ICO is the correct forumla for doing so. We are only seeking Crypto enthusiast who have a genearl passion for the development of the altcoin community overall.
MTR must be stable within the community esp. BCT to bring added value to ToshiDesk.
As for the development and outline we've provided a roadmap detailing our timeline, and have made every attempt to stay in touch and current with the community about our progress.
Listed below is the exact amount of funding we received from the 1st phase of MTR so far:
Getting close to completing PHASE I...
MTR PHASE I:CURRENT ESTIMATED DISTRIBUTION:1 MTR per 0.00009265 BTCCURRENT TOTAL:4.63278401 BTCPARTICIPANTS:Moving on...
I'm unaware as to why you feel I've written a check my coin will not be able to cash? I've laid out a detailed prospectus of our goals, provided progressive updates daily, have provided transparency, and filling an obvious void lacking with the crypto eco-system. MTR Admin has made no promises, or guarantees, we've clearly laid out our goals for future development and growth and will continue to do so with or without funding.
As for "experience/expertise of something of this Scale", I have several team members more than capable of completing the task at hand, Randomly I just thought of Mark Zuckerberg and someone asking him a similar question if he was prepared to handle a project of this size. As the currency and the platform grows along with it will be talented, qualified, and passionate enthusiast. All team members have agreed to receive deferred compensation, because we all know the community needs a source of reliable analysis, data, and above all community. ToshiDesk will be the social backbone of crypto, and MTR will catalyze its value.
Thanks for the question,
MasterTrader777
