A quick point to take here...
This isn't Apple you're making demands to, this is a virtual currency still very much in its infancy. If you are an investor / miner you are entitled to nothing but your speculative position in this currency's future value. Should you be a major contributor to the overall future of Blackcoin then please pardon me as I mean no offense. With that being said, your demands have been echoed throughout the community and the devs are currently working hard to deliver upon their promises. Should a month pass without update your concerns would be justified, however, right now your best course of action is to hold and believe in the overall vision of the coin. If that proves to be too much to ask then im sure a handful of users would be more than happy to purchase your stake in BC at current market prices. Take care
I agree with you, but I think buy-black's real frustration is the insider trading..ie big holders who manipulate the market based on inside knowledge to make profit. That's really disheartening to a small holder.
And insider trading is impossible to combat. For example. If you and a team build an awesome new wallet for BlackCoin and you keep this under wraps until release you have the possibility to buy the market and then release the product. This is very true.
Now the other way around is announcing it before hand, which creates an (as we've seen in many other coin) hype around that feature long before it is actually fully working. If problems arise in the actual development of that feature people will grow impatient and dump. We've seen this too in many markets.
I have always been transparant every step of the way, and I pride myself on being this way. Yes we have knowledge before anyone else does. Most of that knowledge is just ideas and projects that never pan out. If a project or idea does pan out we release it the instant it's finished
as we have in the past 4 months. You can debate all you want about investorgroups and private talks, but they are needed. Without them BlackCoin would not be alive at this very moment. It would have been just another pump and dump coin.
This. Exactly. I always liked that you announced things when they were on the table. And this being said I think it was a mistake to put the work-in-progress stuff on reddit, and the price graph confirms that.
The new protocol was in development for a very long time and everyone can follow the development on github. Many many weeks ago rat4 even asked for people to join the testnet, here in the forum! Nobody except a few cared about that. Then wizfarm gave the baby a name on reddit ("PoS 2.0" huhu) and everyone got greedy and wanted to see their Bitcoin (!!!) portfolio explode. You want to know how far it is? Look in the code. If you have no understanding of the technology and/or C++, this is fine, but what do you expect to learn then from a weekly developer update?
It appears to me that the people who keep asking about those things ideally want to here something like "we developed a feature X that increases the price of one BC by P in time T" and they give a damn shit about what X is, as long as P and T are well defined.
The same is true for the decentralized exchange by dzimbeck - in fact he gives a ton of information almost everyday which is barely noticed, because the topic is too abstract and for some reason dzimbeck doesn't want to tell us how much exactly the price will increase when he will release his software -.-
All this stuff should have never been announced this way. Serious software development doesn't work this way. And this is really my only critism against the Legion Development Group: You are a very professional developer team, so how could you give green light for this announcement? Just keep doing what you are doing, because you are doing it great. And maybe, if the time is right, make a public call for beta testers and / or code reviewers (i'd love to).