Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BitcoinDark (BTCD)--Financial_Privacy/SuperNET_Core/InstantDEX/PAX/Divs
by
damon0
on 07/09/2016, 07:49:27 UTC
Thank you James - this type of communication is genuine..  Reaching out to the communities (BTCD and SuperNET) too ask for help to a solution, is great news.

I don't think very many people were aware that SuperNET has been paying for everything and BTCD has been getting a free ride.  This equated to those in the KNOW valuing BTCD little and those NOT in the KNOW valuing BTCD equivalent to SuperNET.  This is reflected in the Marketcaps almost being equal, and therefore contributes to the pain of BTCD investors.  When someone wants to buy into Iguana, do they buy SuperNET or BTCD?  They seemed almost equivalent to many, and therefore a shock to value BTCD so low.  Maybe BTCD should have been $1 and SuperNET $5, but very few knew that the devs valued BTCD so little.  Again, this is clearly reflected in the Marketcap..  How do we protect the investors of both BTCD and SuperNET?  My opinion is that it's not done by taking in 3000 BTC before the Market has had a chance to correct..

There are a couple minor corrections I would like to point out.  There was a peak of .004 btc on August 13th, and with the 25% bonus for BTC on the first week this actually equates to almost NO preference for BTCD based on Aug peak (except the 5/5/5)..

Most of us know you have been working yourself to death with very little help and this is reflected both in the time and the mareketcap..  But, don't forget that is the nature of investing.  People don't invest in Nike and then go volunteer at Nike headquarters testing shoes.  Past decisions are generally seen with more clarity later on.  Obviously, within the SuperNET ANN and the BTCD takeover there should have been a method to fund continual development, but apparently there wasn't.  Hence, we are all down, development team and investors..

The BTCD and SuperNET communities need to step up to provide the resources needed to complete the projects.  That being said, it will be much easier to get resolve if James and team can wait until the Iguana release and allow the crypto world to drool over the Swiss Army knife of Blockchain wallets..  If the whales are correct and BTCD or SuperNET shoot up 7X, it's hard to believe that the community wouldn't back a viable solution..  No one wants the price crash back down after a 7X or 50X pump..

Basically, I would like to see this drama as a product of mis-communication and frustration.  Both are normal growing pains for a thriving community..  Instead of seeing this as something negative, look at it as the community coming together..

There is ALWAYS a solution that will keep SuperNET/BTCD investors thriving and Developers with enough resources to advance the tech..  We just need to find a good balance.  I would like to suggest that the Komodo team do their best take ideas from the community and factor in some details like allowing the Freemarket to correct after the Iguana release.  If the market corrects like Steem or Monero, then everything changes and it will be quite easy to fund future development..