Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink
by
bholzer
on 17/07/2014, 07:16:28 UTC
No one wants a crap product. But so far we have nothing but a wallet. I can't help remember.......................

"Real artists ship." - Steve Jobs.

Right... and looking through your post history all you do is complain. You complained about how long the hardfork was taking to implement and the lack of a new wallet... and then we got a seamless hardfork (which is surprisingly rare) that took care of the bonus block exploit, improved the difficulty adjustment formula, and came packaged within a great client built on the Bitcoin Core 0.9.2 source (there are still only 3-4 coins I'm aware of on the 0.9+ source).  

In addition to a great client/source, OctoCoin has a strong and steady network, a mature community, a development team consisting of real developers (two of whom I've personally met), 4 months of well-written updates, a low-key teaser of their "OctoHub" platform (which, let's be honest, the SSL certificates alone probably cost them more than most coin developers spend). How many developers are even still around after 4 months these days?

If you think Steve Jobs took the iPhone from concept to shipping in 4 months you're insane. As a developer myself I understand that quality takes time. People in the crypto world are used to crap; with the possible exception of bitcoin services, are there any altcoin services out there that are both exclusive and of high quality? The security, testing, etc - I, for one, am glad these guys aren't obsessing over hype. They understand that constant hype is ridiculous and they want the product to speak for itself. Going back to your "Steve Jobs" quote, here is a tidbit for you:

Apple started R&D on the iPhone 1 36 months before its release in June 2007. The iPhone 1’s full R&D costs during those 36 months have been estimated at nearly $1.5 billion.

So real artists ship... but in Steve Jobs' case it took 36 months and $1.5 billion before he started shipping. I find it hilarious that you use Steve Jobs, a guy that famously delayed the release of the original Mac OS X desktop nearly 2 years to perfect the UI, as an example to reinforce your point. I don't think anybody believes the winning formula is to rush products to market... and certainly Steve Jobs didn't. If the OctoCoin team meets the ETAs they announced, that means they would be going for conception to "shipping" in about 1/6 the time it took Apple to start shipping the original iPhone. If anything, Steve Jobs would be a great counterexample for the point you are trying to make.

The timeframe seems like an eternity because you haven't seen any altcoins deliver real quality software yet - ever. This is an impatient market but those who have the maturity and patience to ride things out will be rewarded here. I am 100% certain that 888 is a great investment - the only thing stopping me from saying it's the best possible altcoin investment you could make right now is that there may be some other teams out there with great stuff in the works... but I've yet to see anything with this level of potential nor this level of appeal.

Not trying to be defensive (obviously I'm heavily invested in OctoCoin) but even objectively I just don't understand the purpose of your posts. If you are an impatient person, this is clearly not the currency for you. These guys aren't running a chop-shop/pump-and-dump/(insert grift of the week here) and they haven't stuck around for 4 months to make a couple thousand bucks and disappear. However, even for the impatient, 888 has proven some amazing stability - with the exception of only bitcoin, it has been the most stable coin price-wise over the past 4 months. Over the bear altcoin market these past 4 months, I can't find a single altcoin (even if you DCA) that would have been a better investment... and these guys haven't even started scratching the surface.