Could you fit anymore buzzwords in that comment? lol It's not bad news, but it kicks the can down the road another 6 months or so (Q2 2018). Thus meaning price probably going to languish, and decent amount of people will lose interest and head elsewhere for time being (or just completely sell off).
Like I have confidence in the team to deliver in the future, but it's kinda wack we expected alpha/beta release on this day... Yet instead we find out they blew up the project/team and are back at square one now. I don't do any of the slack/discord though, so maybe most of you already knew this was going to happen.
The yesterday announcement only showed that all this time they did not even have a sketch of how to develop the project, just an idea like, "Hey, man, how about creating a coin that will be the gas to pay for the VPN's?". But they do not know how to execute this, see that the whole team has been dismantled and will start from scratch. After all, creating wallet and blockchain these days is just copy and paste.