Re: Weekly Crown Update 27th November to 4th December 2017
I am of the opinion that "crypto as a commodity" strategy is not sustainable in the future.
This is especially true for the projects that tout themselves as payment systems. Volatility is an undesirable characteristic for payment currencies.
But this currency are good for trading. Buy cheap and sell hight with the good news is a working strategy for traders and investors. The Crown project looks good now to do some mid-term investments.
Sure, we don't discourage trading. Actually having a high volume on e.g. bittrex is some of the best implicit, community-driven marketing you could ask for. But we leave all that up to the community and investors to decide for themselves.
The only thing we as the team can do is pick a strategy of where we want the project's fundamentals to go, which is not as a pure currency/commodity. Not being a currency doesn't by definition rule out speculation though
Also remember: the more value the CRW token has, the more useful/quality projects can be started through the governance system, the more Crown as a project can be improved (like how we can now pay salaries for a QA tester, a marketing/PR person, community ambassadors, and more out of 43,000 CRW monthly. Which wouldn't be possible if the token had half the value it does now).