Quote from: samysamy1 on June 07, 2017, 08:05:18 PM

Quote from: jyrvalor on June 07, 2017, 02:38:56 PM

Quote from: samysamy1 on June 07, 2017, 01:40:34 PM

Quote from: nembit 86 on June 07, 2017, 01:32:48 PM

   Just to be clear...... Crypto Apex is in the process of winding down.

   We are obviously dissapointed we didnt meet our aims and especially dissapointed that we didn`t deliver for the community.

   Im not going to go into all the reasons why we were not successful but with all these new projects , some will succeed and some will not.

The fair thing to do is to return all the Xem to the community fund.
I think it's better if the community fund turns into a interest-free loan. If you complete the project you get to keep the payments otherwise you'll return it. Undecided

So that people get discouraged to apply if they can't calculate in their chances of success.

That might sound reasonable in theory but in practice who would want to try developing for the nem ecosystem if they were in a significant risk of getting into heavy debt were their project to fail?

The fund was never meant to be self sustaining. It's a limited fund that is supposed to be invested into the nem ecosystem and when it's gone it's gone.

In short term this might seem wasteful but if you look into the long term the larger the ecosystem is the more projects there are on the nem chain and the higher the market cap will go.

Higher market cap not only leads to more profits for investors but also increases the value of the other funds (marketing, core dev fund etc) (and the remaining community fund as well) and leads to more visibility which brings in new users and developers.

I would argue the ecosystem is almost the most important thing for a cryptocurrency and the more we "force" it's growth now the faster it will start to grow organically.

Just look at bitcoin - by today's standards bitcoin is a horrible cryptocurrency, it's extremely slow and expensive (hell just the other day it took me 25 minutes to get a transaction through with priority fee) so why is everyone still using it?

Because it has a massive ecosystem - so many projects, companies and users are running on bitcoin it's not going anywhere but up for now.

It won't matter one bit how great our tech is if we can't grow the ecosystem out of just the core investors and community - and that is exactly what the community fund is for.

I must admit that you have convinced me. It all makes total sense Cool

so ... you too will soon write here a post with "I vote yes" ? Wink

I think that now we should not talk about ecosystems, when it is the question about one project, whose benefits are not yet clear. (ofc the ecosystem can be kept on the background, as a bigger goal)

When the voting starts ? ... meaning how much time is left to read the specs?