Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
tokyopotato
on 21/05/2014, 20:10:26 UTC
Thank you all for being patient with us as we evolve to the rapid demand for PotCoin. We have several updates coming out today and I wanted to take a moment to address the community in regards to our recent developments.

1. New wallet code has been developed
2. ATM's will be deployed soon but we want to ensure a positive user and merchant experience rather than rush the delivery.
3. Our media kit is being finalized and should be available by the end of the week.
4. We have launched our new blog as of last night and will be moving towards centralized media distribution
5. We are growing as a company by adding new employees and securing additional financing
6. Our Authorized PotCoin Merchant program will leave you saying "why would I NOT use PotCoin?"

We are moving at a pace that is unprecedented and I am very pleased with the progress we are making as a company. Here is a preview of the upcoming media kit:

A few points:

So you didn't have a media kit yet?  So essentially, up until this point you went to vendors looking like yet another stoner, saying "hey dude, Potcoin is cool"?  Wouldn't a media kit be a good idea to have had when you were at the 420 event... where there are TONS of vendors you could have left professional info with?  Again, where is the professionalism and proper business planning?

You're looking for additional funding for new employees?  For what?  The SLOW growth of this coin doesn't seem to warrant the need for additional employees.  If the funding is to buy company shirts, business cards, promotional media, etc... I'd say go for it.  Make it a more professional company before you start to add more people to the team.

The pace isn't "unprecedented".  NLG has gotten 4 food merchants and numerous web services to accept the coin in the last month, and they have an android wallet.  DOGE was an instant success, and is 3rd in vendor utilization in terms of crypto.  What exactly is unprecedented?  I'm sure I could name plenty of other coins that did more than POT did in a shorter time.

It's always a lot of hyped up talk about POT, but not a lot of action.  Stop bringing the news of "we're going to do this and that", and start posting the news of "we did this and that"

-Fuse

Fuse,

That's perfectly fair and you have very valid points. It is for those very reasons you are witnessing a positive transformation of PotCoin. The recent pace is unprecedented as it relates to PotCoin and the company behind it. Sorry for the lack of context in regards to that statement. I can assure you that we are transforming in a very positive direction and it is in large due to the insight of people like you. We really do appreciate all commentary, even negative, as it helps us to develop in a direction commensurate with the desires of the community that supports us.

 - Russ.T

Perfect response.

Russ, I welcome your feedback to my post, and I like the fact that you are at least directly addressing my concerns.  My previous post of concerns went completely ignored by @Potcoin.  Thank you.

If the direction of Potcoin is one of a more professional endeavor, than I'm behind it.  While I still don't agree with the halving that is obviously going to happen, I still want to see this coin succeed.

A professional approach is what's needed for adoption.  There's been a ton of talk about "the business" of Potcoin, but recent events made it feel like it's been a couple stoners trying to build a time machine.  They've got a great idea, and the drive to do it, but not the skills to get it done.  If legitimate businesses are going to accept POT, a legitimate and professional approach is needed.

Order some polo/dress shirts with the POT logo, make up some business cards and media kits, and canvas like a professional business.

-Fuse

Thanks Fuse. I am so confident in this coin, this team, and this company that I am transitioning from a profitable 21 year career in Information Security to work with PotCoin. While I cannot yet update my LinkedIn profile due to wrapping up my prior career, I do welcome anyone to get to know me and contact me any time (email please, phone is already crazy). Connect with me, email me, and expect to see much more from me in the future.

Russell Thomas
www.linkedin.com/in/russellthomas
russell.t@potcoin.info




Russell,

Do you personally know the core developer of the Potcoin protocol?  I'm not talking about smokemon514.

Do you understand the importance of the protocol and why there are problems with the protocol's specifications?

There are technical reasons why Potcoin needs a lot more than just slick marketing and hype to succeed.  In my opinion, Potcoin needs to ditch the "Official Currency of the Cannabis Industry", because that is just false.  You need to change the entire direction of this coin away from hype and towards building trust between the community and the core developers.

Cheers