Quote from: coinliferr321 on February 10, 2018, 10:09:12 PM

Hey everyone. I'm here to clear the air and provide a few small updates.

As we're all very much aware, the CompCoin team continues to do a poor job in communicating with customers, meeting deadlines, and just getting their overall shit together. At this point, it's moved from beyond annoying to downright disheartening. I'm still a firm believer in the potential of the coin and the team behind it, but the delays and technical incompetence is starting to wear on my patience - as I'm sure it has already worn on all of yours.

I want to make it clear that every time I've shared a deadline here, it was based on information that was passed directly to me from the founder himself. Needless to say, I'm done asking for and sharing deadlines since there is always some reason or another why the deadline is delayed. In this case, as emails to another forum member here from the CMP team indicated, there has been an effort to drum up private sales during February in order to provide support for the market once trading opens again. My understanding is that this is the reason for the web wallet/coin transfer/cryptopia delay. Unsurprisingly, people are (justifiably) pissed and are ready to exit as soon as possible. Given current liquidity levels, it's important to be able to support the expected selloff - so Alan has been traveling recently and meeting institutional/private investors to generate capital so that those among us who want to sell can do so at a profit.

That said, I'm told we must wait (again) for another two weeks or so until trading is opened.

Given the fact that this is something none of us wanted to hear, I suppose it's only right to share some positive news as well. Although I would recommend (and certainly expect) you to take it with a grain of salt.

As mentioned previously, talks with the NFA have continued in a positive direction. Final approval is still pending but I'm told there is only one issue left to resolve before trading can open. I have no clue what that means in regards to a time frame. Other deals are in the works as well - it seems there's been a shift to focusing more on the enterprise value of the coin in regards to it's use cases for institutional investors moreso than retail investors. Several products are being developed that use CompCoin - I will share more info on that in a later update.

Overall, I don't feel like much has changed in regards to the longterm outlook - if anything, I'm as optimistic as ever about year end price targets. But, we're all pretty much done with being strung along - me included. While I can confirm the truthfulness of the CompCoin team's claims, that doesn't make me or anyone else feel better. We all want to be able to trade the coin, to do with it what we please, and to feel like someone is looking out for our best interests as shareholders. I've been stressing the importance of better communication with the community. I will continue to emphasize the fact that they NEED to be on top of this - creating a Slack group, sending consistent emails, responding in a timely fashion to support tickets, and working out all the bugs that we've been patiently waiting to be resolved.

Until then, I hope we can just keep our heads up, try to not let it affect us emotionally, and focus on the goals at hand. I will continue to provide updates and share what I know with the community. Believe me, no one is more upset at the recent lack of fruition than I am. I've put my money and reputation on the line with this one and I don't intend to be wrong. We're going to the moon - and I don't know of any rocket ships that are a smooth ride for the astronauts.

One thing that is clear, much of the FUD surrounding crypto markets in general relates to the fact that there is no underlying value or revenue generation models for crypto assets in comparison to stocks or traditional financial assets. This is why I love CompCoin. The algorithms work, profits can be generated and are not dependent on future investment into CompCoin. This really is one of the only coins with an inherent value due to it's profit generating capacity. As u/bitshitz mentioned, this asset is severely undervalued for trading software. Consider that each CompCoin is basically a prepaid software license that gives access to trading software. The cryptocurrency/blockchain aspect of this project is fundamentally just a different way to package the software - one that is more fair and democratized. The team has a great product but faces difficulty with packaging and delivery - that's it. And to be fair, they've hired 3 new developers since my last update. These guys are getting paid top dollar to take care of the remaining issues. While it's not happening in accordance with a pace or time frame we are satisfied with, things are still moving forward. I'm currently trying to convince Alan to hire IdeasByNature.com - one of the leading blockchain development and design firms (clients ranging from bitcoin.com, Salt, Dash, Digital Currency Group, etc.). He's open to the idea. He's committed to improving CompCoin and ensuring its long lasting success. With a firm like that behind us, I would imagine these technical issues would be a thing of the past.

That's all I can share for now. Things are moving forward in several different areas and, despite the frustratingly slow development, we should be out of the woods in the upcoming weeks. Take that deadline with a grain of salt, keep your chin up, and hang in there. PM me if I didn't answer your question or if you want to talk. I'm here for you all. We're in this together and we're going to crush it. It's just a matter of time.

This was posted on the 10 of February, if you go through this post you will see that promise was made that trade will resume in two weeks time if I am not mistaken. The writer of this post said a lot of things to calmed the situation then but till date nothing has happened. We have been waiting for 6 months now !!