Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DCM] Digital Commerce*MULTIPOOL*100% POS First Focused Multi-vendor Devs
by
poornamelessme
on 11/06/2014, 18:00:31 UTC
Hmm... thought Bob was going away for a few days there. I think he's the only example of a paid team member working as an anti-marketing team. Of course he's an ex-member, but you know what I mean.

I am out of the coin (again), as my sell order got hit. I actually got out of it the other day, but a low order was hit and I was sort of sitting on them for a little while. I may buy in again, depending on what the price does. I do need to reevaluate my trading strategy, as I'm out with only like a 10-20% profit (and it wasn't a giant initial investment to begin with), but I need to take into account unforeseen and totally unexpected circumstances when calculating when to buy/sell. I would have never guessed the Bob situation to occur, for instance. So I guess it's a good learning experience.

A couple of things have bugged me a little bit about this coin, which I am hoping the devs can shed more light on. Based on answers, I may get back in.

First off, I asked specifically early on before the ipo was over as to what percentage of funds the devs would take for themselves. I was given the answer that they'd take nothing direct from the ipo for themselves, it'd all go towards the coin itself. Bob answered this, I believe, so one could question his honesty. But no other team members corrected him, and I will assume they had to discuss what they'd each get beforehand anyway.

After the ipo, they posted they'd each take 2 btc for their efforts. It's a fair amount, but it does almost feel like the rules are being made up as they go along. I'd rather they would have said up front how much each was getting, and not after I was told they'd not take any at all.

I asked about vendors, and Bob spouted out a long list, including gift cards and jewelry. I ask after he leaves, and am told the dev team doesn't know what info Bob provided earlier, and I'm given somewhat vague information. Too much info given is vague... marketplace is fine, but no real answer as to vendors, or how the team will provide an incentive for anyone to shop there. Will DCM people get a discount, why will anyone wish to use DCM over other coins, or just shopping at amazon directly? Those are the answers I'd like to see.

I also question the timetable the team is using. Saying great things are planned 3-6 months from now is all well and good, but that assumes the coin survives 3-6 months from now. Buy support is... well, let's just say not good. I am assuming the multipool is what is keeping the price where it is now, based on the order history. The team needs to add some intrinsic value to the coin now, not 3-6 months from now. People in cryptoland aren't that patient.

I don't mean for this to sound overly negative, and again, may get back in, but I'd like to see real answers, not so many vague statements about future plans.