I realize everybody is disappointed with where we are at right now and, obviously, nobody is more disappointed than I am. Welcome to the world of cryptocurrency right now - it's been a roller coaster and, currently, it is essentially a wasteland. Just over a year ago Litecoin had a market cap of over 1 billion dollars and now, despite the increased supply generated, it's struggling to stay above $60,000,000. Most of the coins that were released around the same time as Murraycoin are either completely dead, verified scams by design, or trading for roughly 1 Satoshi. Murraycoin is trading at roughly 20 times less than it's all-time high vs BTC and, sadly, that makes it one of the best altcoin investments you could have made in the past year. We've seen the rise and fall of every ridiculous altcoin concept in that window... things like Auroracoin that had over a $600,000,000 market cap at one point and is now worth 20,000 times less. A lot of people have lost money in altcoins in the past year and it's easy to point fingers but can't we just all agree it sucks? I hope it turns around - I intend to be a part of it - but it's been a fiasco for a long time and to come back from this we need to do things differently.
I have more invested in altcoins than most people here and I certainly have more invested in Murraycoin than anybody here. I have over $100,000 in mining hardware gathering dust in my basement and I've personally invested over $20,000 just in buying Murraycoins. I have put hundreds (possibly even beyond that) of hours into the project between phone calls, updates, tweaks, answering emails, meetings, attempted collaboration, and development. Actual investors have lost money and people on the early Murraycoin team put everything they made back into the coin but we continue to struggle for the same reason the altcoin market is imploding: the money is spread thin and too much of the money comes from immature investors. These coins live and die based on community effort - Dogecoin blew up because it had a community around it helping to prop it up. I do what I can and continue to have faith in this project longterm... but I have a real job and a family and a life that has to take priority here. I have over 1/3 of the Murraycoins in circulation and most of them (essentially all of them) I bought at much higher prices than their current value. We're talking about a $5500 market cap right now - by almost every financial measure that market cap is a joke. The Murray Bros. Foundation had interest when there was obvious money that could be put toward a good cause but the image of cryptocurrency has been torn apart since then and, with it, the value and interest from big players. Bitcoin itself is just now dusting itself off from recent beatings and investor confidence in crypto is just bouncing back from an all-time low. The visibility is there - the exposure has never been higher - but we are in recovery mode across the board.
Look at this community - outside of the first month we have had only a small handful of people putting effort behind this and over the past 6 months it's really been 1 person in this community still contributing; everybody else just wants to make easy money from their armchair. Honestly, as sad as that is, this still remains one of the best communities out of all of the coins launched in the past 18 months.
I have not given up on Murraycoin and I really hope to wage a comeback but without bitcoin values rising to start getting people excited again... and with mining being all but completely unprofitable across the board... now really isn't the time to put in a ton of effort. Far too many altcoin people tear apart communities and their coins from the inside-out thinking they will get what they want from it... but all they do is destroy. I have tried to help out other coins but once the community turns and everybody isn't making a bunch of money overnight it's virtually impossible. People expect developers to dedicate their entire life to making everybody else rich while contributing nothing and it simply is not realistic. The harder you try to please everybody the harder they will turn on you in the end. The actual scammers who destroyed the cryptocurrency markets were quickly forgotten... but the people who stand by trying to help... trying to put out the fires year-after-year... who were here during the best of times and stayed for the worst of times... will always take the majority of the heat. People are losing money and they want somebody to blame - since I'm still here... I guess that somebody is me.
We have one of the only (if not the only) celebrity coins still alive (and it has survived for over a year) and has a celebrity that is cool with the project. We came close to nailing down a deal with the charity... and while that deal is not dead by any means... we're further away than we were a year ago. These forums are half of the problem - nobody is going to read through this thread, see the negativity, and want to jump onboard. Just like every other altcoin the very community that helped to build it is helping to continue tearing it apart. Instead of banding together and getting people excited... and motivating me to set aside my life to put more time into this thing by flashing some signs of positivity or interest... it's going to be a long road to the top.
This is the most thankless position on the planet and while we're going to bring this thing back... I'm not going to be spending a lot of time on these forums. These forums are primarily full of bitter, talentless "get rich quick!" losers who transform between cheerleaders and lynch mobs but in reality contribute nothing. They are here for one reason: to make money doing nothing. That is not the point of cryptocurrency and it's the very reason altcoins are 6 feet under right now.
My intention is to completely rebrand Murraycoin - not by parting ways with the most badass face of a currency ever or even excluding members of the community... but by separating it from the rest of the altcoins. This is a complex process... and it has to be done very carefully and at the right time. Again - nobody has more to gain here than I do and nobody has more invested in this project than I do so I'm not asking for a pat on the back if/when I can breath life back into this project... but I want this to be bigger than that. I'm not just protecting a brand, my name, and my investment - this dark altcoin world needs something positive and I want this to be something cool and inspiring. Renewing the domain and SSL certificate for the Murraycoin website is more than 99% of "devs" have done in the past year and I have to deal with people calling me out? I read this crap and it's the very reason I don't even bother logging into this forum more than once/month - it's just depressing and sad. A bunch of takers that represent the exact opposite of what Murraycoin was supposed to be all about. If you haven't noticed, I really dislike this devastatingly negative place.
I missed deadlines and haven't delivered on promises a number of times - I'm well aware. I have a lot of irons in the fire and I promise that you don't understand the timing anyway. When I forked Murraycoin and launched the new wallets a while back, that was a major project that took an insane amount of my time and effort and all it did was briefly boost the value and help keep things coasting a bit longer. Maybe some of you are just looking for a brief boost in value so you can dump your coins and move on... but that isn't what I'm interested in. The next action we take needs to make a splash and we need to have things lined up and organized first. If you're just waiting around to make or lose a quick buck go trade penny stocks.
The vision hasn't changed... but the path has. Things really aren't going to get more dead than a $5500 market cap - the half dozen people that are actually somewhat invested in Murraycoin aren't going to be exiting any time soon and when we build what I intend to build people will come flooding in organically. None of what happens right now matters.
I'm still here over a year later with virtually nothing to gain and plenty already lost. I'm speaking to a crowd that primarily lacks empathy and, for a large portion as well, logic. By the way, if you have made it this far into this post you are probably not who I am referring to... I've met some awesome people in the Murraycoin community and had many great conversations and chats over the past year. Despite the frustration at times, the threats, the stupidity, the immaturity... I've had a primarily positive experience. There are people I have connected with via Murraycoin that I hope to build friendships with someday and, despite where we're at right now, I'd do it all over again if I could. Anybody who isn't following what I'm saying, anybody who cannot empathize with the situation, anybody who lacks the perspective necessary to be on my side here - the door has been in the same place since day one and I couldn't care less about the handful of coins you're waiting to dump - don't let the door hit you in your neckbeard on the way out (if you are even old enough to grow facial hair). For those who want to contribute positively to this community and/or those patiently waiting for me to deliver (and when the time is right, I will deliver) - stick around. I cannot promise we will ever get to where we want to be but I will give it my absolute, reasonable best. You have not seen the last of Murraycoin - I can assure you of that.
Onward and upward.