Quote from: WALKEN-COIN on March 24, 2014, 08:00:08 PM

Quote from: TakeiCoin on March 23, 2014, 08:10:07 PM

Quote from: TakeiCoin on March 21, 2014, 05:29:52 PM

Hey guys just an update. As you know our long term plan includes TAK Hub which will be released in June. That said we're going to develop a short term plan to build some momentum over the next week/months.

We will develop a 3 month business plan and release a new one every three months. We want our supporters to see exactly what's going on behind the scenes. Our plans, our goals and reached milestones.

3 month plan - http://www.reddit.com/r/TAKcoin/comments/2166k2/takcoin_game_plan_323_630/

Hello!

I am an early supporter and holder of this coin. I was sad to see that the negative press pertaining to crypto-currencies in general had a negative impact on relations with the public figureheads we were hoping would support the coin. Obviously, for anyone who invested at higher prices during initial interest, it has been rough watching the price drop dramatically. I was betting on Takei being forward-minded and not being controlled by his public image handler, but I think that I, and many others, were expecting way too much too soon from someone who probably knows very little about the crypto currency phenomenon as a whole to begin with. The coin needed public/viral support BEFORE having his face attached to it. That was the key mistake made, and many others called it out right away, while many others of us hoped it would work out in the end with George endorsing the coin. When it didn't happen, most jumped ship. I have waited and watched with the rest of us.

As an investor, I am used to seeing companies face drawbacks as one relation or another with an important partner or customer falls by the wayside for any number of reasons. The strong companies continue working on their product, knowing that it is easier to bring a product back by re-branding or re-imaging the product, than to start from scratch (though starting from scratch is sometimes necessary if the product has foundational flaws). How the business planners and execs EXECUTE new business models and bring about positive swings in market perspective is key. That being said, I have been happy to see constant updates from this coin's public relations, but somewhat perplexed by the lack of response to posts. I am attributing it to new-investor impatience. I guess I am used to thinking in the "long term", as far as the attention span and profitability expectation thresholds of the alt-currency crowd are concerned. "Long term" here is 6 months from now. That is not a long time for a chance on making large gains on an investment. That is short term in the fiat world.

However, what these companies also realize is that during re-branding, they need to keep consumers/customers up to date on developments. This means marketing and advertising. One negative factor of alt-coins is that many small development teams are completely lacking in the types of marketing strategies used to garner attention from the crypto-crowd's widely diverse range of cultural and generational interests. Everyone wants to make money, but not everyone is willing to buy something without it having a value they can personally connect with. That is where this coin's strengths lay. I hope it can be widely marketed as such. The large follower twitter feeds are a good start, and hopefully will be handled with great care and professionalism. I have not seen anything from the devs that would lead me to believe it will be handled badly. The PR has actually been good with this coin, but the behavior of many of the early adopters has been that of penny stock holders at a Texas BBQ Penny Stock Investors Conference.

What many of these alt-coin investors don't realize, is that this whole business side of alt-coins is backwards from real-world business practices. Currently, the urge is so strong to just "get a coin out there" that it is the norm to start a coin and develop the business plan for it as it goes along, usually by the seat of a few people's pants. They are ill-equipped to handle the expectations of a few thousand investors, and likely get tired very fast of these late-night miners and red-eyed day traders constantly PMing them in the middle of the night. This is a tough business to navigate, non-profit or not. I think the head developers have handled this well in light of the large drawbacks in the beginning of the coins life-cycle.

I am waiting to see the floor. I will buy more of this coin when I see the coin bounce off the floor a time or two, and when I see the first large-scale effort from the dev teams in terms of marketing and the new coding/product enhancements that are forthcoming according to the recent announcements. I hope the Hub has the community support it will need to make things move forward.

Thanks for the string of updates and for not just dropping everything on the holders.

-Chang

Great and well thought out post. Thank you.