Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto
I've done a fair amount of thinking about Curecoin to this point and I think the price drop, frankly, is justified. Here are my thoughts and recommendations. The Curecoin team can do as they please. I am not planning on selling any of my coins in the near term but as a large stakeholder, I hope that the community gives this some thought.
- New projects are fundamentally about people. And we know nothing about the Curecoin team. While it's true that the lead dev, Cygnus has outed his real name and Google+ account, that is, for all practical purposes meaningless. The dev page should be updated to reflect resume details about the developers: their skills, and past projects.
- To date, the developers have done a poor job of communicating with the community. I applaud "lasershunt" for taking on much of this burden, but the devs should be in the forums a minimum of 1-2 hours/day. There are many good & concerning questions from interested parties here, on Reddit & Overclockers, but none are being addressed by offical reps. That is a huge miss.
- The team needs to surrounds themselves with professional advisors/business development folks who are connected in the industry, can assist in speaking gigs at conferences, and manage PR. These people need to be official on the website to inspire confidence in the press, miners and investors.
- The big incongruity is that there is an imbalance in the professional aims of the project and the seemingly amateur voices supporting it. Long-term this project will not succeed without the support (and potential integration) of Stanford University/Pande Labs and the team has not inspired the market with confidence that such partnerships are on the horizon (not to mention the comments from Pande Labs that the developers ignored their concerns). Many of the forum voices are well meaning but ultimately misguided. Spending $2,000 on a booth at a conference is probably not the best use of money. Right now the only investments should be made in recruiting phenomenal people to work on the project, and building stronger ties with Pande Labs. I can promise you that if you're able to steal 2-3 devs from Mastercoin, NXT, even coins like XC or whatnot, or find equivalent talent willing to work on Curecoin (and prove their skills) the market will respond very positively.
- The reason why this matters is that the structure of the coin requires a lot of community trust. There is a reasonable pre-mine (5% including dev & IPO) as well as a centralized distribution plan. Curecoin is a potentially game changing idea - connecting economic benefit to social purpose. But as folding is not encoded into the blockchain, and is not decentralized, much of the market will lose interest. Those who are interested will demand legitimacy and credibility which is what I'm advocating for in this post.
Have to agree here. For a 80%+ premined coin the effort put into credibility is just ridiculous. The developer fund was supposed to be used for keeping at least Cygnus him self working with the coin as a full time job but yet after 20 days of the launch I cant see not much being done. No ledger, no developer information (a post in the middle of a long thread kinda doesnt do it), no Mac wallet, no replies to direct questions in the thread, zero marketing etc. Hey, maybe they are currently working on something big and I am unjust here but this is what it looks at the outside to investors and miners (hold vs dump).
The idea was good but so far the execution is less than perfect
Last straw was that the team and F@H guys dont even get along so the Lead dev goes and bashes the coin on reddit making the price fall 4x 
Nice, very proffesional from both sides. Though I admit I agree with jcoffland on a lot of points I dont know what he hoped to achieve there - his comments directly moved/ will move double digit % of power away from F@H I hold a heap of Curecoins that I earned with folding and hope things will start to move along as this not the first time I am keeping my eye on a coin where Dev inactivity is a big concern and the result has always been the same.... Once the window of opportunity closes and the initial inertia of a new coin is gone there is usually no coming back.
I really hope they sort their sh*t out with jcoffland/Pande/Standford or who ever and we start seeing a bit more activity from the developers.