Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
by
holyprofit
on 16/11/2014, 17:23:03 UTC
Concern about the price is a concern about this apparent lack of confidence. Therefore if the team is not concerned about a drop in price then they are not concerned about a lack of confidence in their abilities to deliver.

This, to me, is overly simple. We are concerned about keeping the public in the loop about progress and about the project as a whole. We are also interested in the market-related health of the project, and are aware of its relation to the overall health of the project.

However what we are not concerned about is the sort of day-by-day "concerns" that some people here seem to be prone to (like "hmm... the Github repo hasn't been updated, therefore something must be wrong!"). If this sort of thing has an effect on the market then, well, we just can't do anything about it, because no matter how healthy a project and no matter how hard we work, there will always be room for small and speculative doubts. Selling over trifles or idle speculation is just short-sighted, and we simply don't have the time and energy to address every "concern". I encourage investors to become suitably hardened against this.

Work is ongoing; we're forming a foundation; we're well-funded to achieve what we've set out to achieve; we'll report our developments very soon; read my post history if you want more details.



Don't get me wrong - I'm not saying that I have doubts about your ability to deliver, or that you yourselves are not concerned about the market related health of the project - including the price. But I do not hold with the previous comments that everything is rosy if it drops to 1 sat. We can all see that just 6btc gets us back to 25 on bittrex so I myself do not believe it is a mass exodus or signals huge lack of confidence, but it is not good advertising for the moment.