I hope the coin can turn around because there are some great Foundation members with the best intentions. Unfortunately as a group they have a "dear in the headlights" syndrome when it comes to the fact that we were outright lied to about the Titans. They want so badly for things to get better that they won't acknowledge what has happened. Even when this information came out with proof, not a one of them had any kind of outrage at being lied to for over a week about the biggest selling feature this coin currently has. Personally I was dumfounded that they were so easily appeased with "don't worry Im working on something" by Stuhlman and then days and days went by with nothing new and people parroting over and over again, "oh I can't wait for Stuhlmans backup plan". There is no $10-20,000 backup plan to replace the Titans. What fool is going to come in to this clusterfuk and dump 20k?
Then again a fool and his money are soon parted so you never know.
To this very morning in the IRC #caishen channel they are still saying it hasn't been confirmed that the Titans aren't coming, and that Stuhlman is trying to contact the Investor. Dudes and Dudettes... They knew about this on June 12, it is now June 27. If he hasn't contacted the Investor by now what exactly do you expect is going on?
And so cometh the SilkCoin debacle that has plagued nearly EVERY altcoin since LTC.
Every person who "invests", or trades, or "develops" any of the altcoins basically live on a day-to-day basis with respect to news. It's worse than the 24 hour news cycle on cable. If there is no positive news or a post by a dev/creator, then its a "scamcoin" or "failcoin" or "shitcoin".
The entire industry is based on creating new and unique coins that purport to fill a niche in the market, that will magically someday become a currency, like BTC, but IMO, the entire altcoin industry is really based on creating new coins with POTENTIAL unique features, pumping them, selling and trading thereby transferring BTC from the many who don't realize the cycle, to the few who do and have the wallets to profit on them.
Look at nearly EVERY altcoin, and you will see the cycle - announcement, wallet copied from another (that was copied from the original BTC), maybe an IPO where some monied people get in large, listing on an exchange where the monied IPO people sellout during the initial euphoria, a period of decline with occasional pumps-and-dumps by the knowledgeable, then slow decline into oblivion as positive dev news just isn't fast or significant enough. Then there are the FUD posts on the forums about scams/fails/shit-coin. Hopefully CAIx will prove to be the exception, because JStuhlman has impeccable reputation in the industry. The Foundation Member post here, out of the blue, seems to be fitting the altcoin cycle.
Wishing the best for CAIx as I bought 0.3 BTC worth at the CAI IPO, but fearing the worse.