nah i mean it is a 99% decline form 100mio is extreme, most others fall form 10-4 to one mio (75-90% decline).
100mio to 1mio is a hole new scale. For this loss there must be happen something serious wrong.
The fairest amongst the reasons, would be to say the team over promised and under delivered. Others may say, a few members of the team are/were deluded, and full of shit.
The technology isn't bad, they just got caught with the problem lots of people get stuck on: Egos. The guys who made counterparty originally offered to help build mastercoin but they were rebuffed. Counterparty had it's moment to shine but thats past too. Divide and conquer really. Had only everyone gotten over their EGOS and tried working together.......