Quote from: MastiffCoin on May 23, 2014, 08:47:51 PM

Quote from: minersmafiauk23 on May 23, 2014, 02:35:51 PM

@dev: Which are your plans about MAST?

I like the idea, but i would like to see a medium/long term program or plan before investing.

Thanks.

Hi minsermafiauk23! We have a lot of plans for this coin, but we are trying not to rush too fast into things and end up shooting ourselves in the foot. Coin devs in the past have run into problems by just jumping on any trend, signing up with the first multipool they see, taking any wallets and offers that come their way, etc. This is risky because often the people doing the coding on those things haven't been vetted, and often they have ulterior motives. Our plan is to take a more slow, structured approach, and make sure that everything we're doing, we do correctly.

So our first launch priority, of course, was the coin code and the network, and we're confident we've delivered there. Mastiff is stable and secure, difficulty retargeting is working perfectly, nodes and connections are increasing, and we've had zero signs of forks from any pools. So we're happy about that.

Now we're moving on to the next steps - first up is a solid block explorer, Mac Wallet, and rich list. We already have trusted devs working on these projects. Of course we are interested in a multipool that pays out in MAST, but we want to take an approach that more emulates BlackCoin than some other recent PoS coins - we want a community driven pool that arises out of real demand, with trusted operators, we're not just going to sign up with the first profit-switching pool we see and hope they deliver. We're also working on outreach initiatives to non-English speaking communities, and we hope to roll out those initiatives in the next couple days. Finally, we are working with other exchanges to help expand Mastiff's reach to buyers.

Rest easy minsermafiauk23, we're standing by MastiffCoin and will continue working on services that will support the growth of the coin and community in the coming weeks!

A quick comment on prices: we had internally estimated a price of 2500-5000 satoshi during the first day of trading, so we're happy with the current numbers, especially the strong volume on BitTrex. What we didn't anticipate was the explosive growth in difficulty - sometimes the exuberance of miners can get ahead of the natural growth of the coin, especially when something as promising as Mastiff comes along. The market is also being influenced by the first round of BonusBlock rewards. In the long term, investors are seeing that Mastiff is a solid coin with a solid community and strong growth potential, and will gravitate toward us as the coin proves itself in the coming days.

Very nice. Grin