Post
Topic
Board Announcements (Altcoins)
Re: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation
by
coinlighter
on 06/06/2014, 01:47:46 UTC
The community can decide what to do with a common understanding of the issues. It is more complex than price. I would recommend we do a SWOT matrix to get on the same page.

http://en.wikipedia.org/wiki/SWOT_analysis

Internal Strengths
- strong and still active development team
- well designed coin with reliable operational track record

Internal Weaknesses
-interfacing with the community/lack of community influence ownership
-coin governance, direction, strategy
-profitable features that address market needs are not being identified (doesn't appear to be a roadmap)
-the marketing and communication of what makes Hirocoin the x11 coin of choice

External Threats
-price erosion through multipool dumping (oversupply)
-aggressive, active, highly motivated coin communities
-new coins promising shiny new features (mostly hype, still a distraction)

External Opportunities
-many investors, and miners are not loyal so market share can be recaptured
-coin is still in its early stages so possible to hard fork without adverse market reactions (can't go much lower)
-miners "may" migrate toward cooler x11 coins

Many of you crypto-veterans may be more insightful so please add/enhance/clarify. If you can add value, it would help us all come to a consensus. At least it can help us think in a more structured way about Hiro.

This is great. I agree - it's much more than the coin price, but the price is a good indicator of the coin's health. It's a symptom of the larger problem, and what you did here will be helpful in identifying where the gaps and redundancies are, as well as (hopefully) allow us to gain consensus on what is not working/what needs to change.

I agree with this list.
Of course it's not only the price. it's a volume that brings attention to the coin backed by strong(large) community and good developer team.
We have a good developer team nevertheless unwilling to hear the voice of the community but I hope the common sense will prevail.