TL;DR:

Matlack: We’ve made mistakes in over promising and under delivering before. This time it will totally be different.

Also Matlack: Our new token system will drive value within weeks of going live.

This, right here, is an example of why I struggle to take this team seriously. Matlack consistently just tells people what they want to hear, and that’s a real problem. It may not be 'hype' in as overt a way as Garza used to spew out, but every single one of their hangouts or times when he speaks publicly has examples of him either saying something will happen (x will launch by y date - a good example of this is GameDock, which was this massive thing that was supposedly launching in June, but seems to have dropped off the map) or using massively over enthusiastic language to describe their progress ('we're really excited, we've had loads of interest and we're in contracts with 6 different companies', for example, which is paraphrased from a hangout earlier in the year). Broadly, these are either never delivered on time or at all in some cases, or end up being extremely underwhelming if they ever do happen. This goes all the way back to xpy.io, where they used to speak in grandiose language about how they'd make xpy great again by adding features to their little platform. This is a serious problem that he needs to improve on in the future, because anyone who does any amount of serious research into their history will be put off by this.

Ultimately it doesn’t really matter in ion's case because he’s speaking to an audience of tens at most at this point, and it’s pretty obvious by now that that is unlikely to change, probably ever - but it’s irritating that people don’t call him out on this more often.

The other thing that bugs me is the fact that they and their most ardent followers put far too much emphasis on this idea that they are somehow a ‘success’ by default simply because they haven’t pulled the old crypto vanishing act. Outside of crypto, this is a ludicrous notion - the idea that you’re successful and worthy of investment on the basis of just still being there after 4 years, treading water. They’ve shown almost no growth or wide ranging success for any of their product launches so far, which is what investors should really be focusing on.

I’ve said it before, and I’ll likely say it again: there is nothing in this team’s track record that suggests they possess the skills required to make this a success. This AMA did nothing to change that.