Post
Topic
Board Announcements (Altcoins)
Re: 🚀 |ANN| MYSTERIUM NETWORK - Decentralized VPN built on blockchain |MYST|
by
ttookk
on 06/10/2018, 03:37:53 UTC

(…)

Hi, thank you for your feedback. I have shared it with the team. Also keep in mind that there are economic incentives in the network. As for some of the new team members they include a Chief Financial Officer and a Business Analyst. More details will be provided in a Medium post. https://medium.com/mysterium-network

We are exploring various possibilities for our community to make use of the MYST token until Mysterium VPN app goes to market. We are also exploring options for nodes to onboard on various platforms to start receiving MYST tokens. More news on this in the coming weeks, stay tuned.

Honestly, if I were in your shoes, I'd think about a good strategy to phase out the MYST token completely and replace it with another, more general currency (i.e. BTC/ETH) without completely screwing over current holders. I'm not sure if such a solution exists, and it will probably give a lot of grief in the short term in any case, but in the long run, I really don't see a way around it.

Otherwise, you are coupling the future of your project to a number of unknowns of which you simply don't have any influence and, even worse, which are not directly related to your base project. I mean, even if your token was the best solution (whch I still highly doubt), looking at the overall Ethereum token craze aftermath would lead me to the solution that we'll see a huge drop in interest in that particular field. And then you have to explain to a completely disillusioned and fed up public "yeah, we know most tokens suck, but we are legit, trust us!". They won't listen.

And this "exploring various possibilities", come on. You are a VPN project, that's where your focus should lay. Are you seriously trying to shoehorn your token into your system, even if it is a bad fit? What if all the evidence would tell you that it was a bad idea, and commiting to it, no matter what, won't make it a good idea?

Also, in addition to hiring economy people, it might be a good idea to get some outside people to take a look at what you're doing. People who don't have to toot the companies horn in order to not lose their job, you know