that suggestion was turned down i believe
great to know
Can someone from the board confirm that JR's proposed buy back was turned down?
Indeed it was. From a practical standpoint, too much monetary friction (like you said with the developers cashing out), among other things.
Thank you. Was this decision published somewhere?
The fact that there is any ambiguity regarding the result of such a major decision is a bad thing. I suggest that the board think of a way to publish important decisions that is hard to miss.
I don't believe so. The board didn't approve of the actual proposal of the buyback in the first place to even declare that a decision was made.
This is still being discussed as of today, but it seems unlikely at this point. I still think it is the right thing to do, but we can't do it without a pretty clear consensus.
JR,
Even if you think the buyback is the right thing to do, I really don't understand why it's such a high priority of yours. Do you not think it's more pressing that we hire developers? Do you not think that by delaying this decision Mastercoin's "first-mover advantage" is jeopardized?
Someone from the board should answer this question publicly and directly, as not doing so indicates that the board is unwilling to heed concerns from the community, and may also indicate a lack of transparency.
Mastercoin's market capitalization is about $100 million, and the Exodus address has millions of dollars. This project is simply too big to be developed part-time.
+100. Nxt is just around the corner, and may beat Mastercoin to launching the D.Ex.