Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink
by
crunner
on 21/08/2014, 02:09:07 UTC
I have no knowledge of the status of any of the initiatives hinted at by the developers in previous posts, but it's not useful to accuse them of treating the Octo community badly simply because they're not posting updates.

Updates - even short ones - move the market. Up, down, sideways, whatever. Complaining that the developers are somehow demonstrating insufficient respect for the community is roughly akin to demanding inside information from a company you hold stock in and complaining when they refuse. There's a reason it's illegal for company executives to trade on the knowledge of what's going on inside their organization - they could fleece shareholders. In the 'real' world the release of information that could affect the value of a publicly held security is highly regulated. NO such regulations exist in the crypto-currency world. That's why pump and dump schemes flourish - anybody can say anything they want.

There is no way the Octo developers are unaware of the rising levels of dismay being expressed on this forum/thread. They know. They are actively choosing to remain silent. You could take it as a sign of disrespect, but it's just as likely - possibly more so - that it's a sign of control and maturity.  Maybe, as I said in an earlier post, they want to improve their holdings before making an announcement they expect to affect the price. Maybe the projects aren't ready. Maybe there's a relationship with an exchange, financial institution, or other partner that is still being negotiated. I don't know.

It's possible, of course, that they've decided to abandon Octocoin for some reason. But I imagine we'd see some evidence of that in the market. I don't. I'm no expert, but there just doesn't seem to be the volume to support that.

Whatever their next move is, we don't need it quick. We need it right.