Well.. No you're wrong there.
Not sure who you think planned on keeping it a secret permanently.. But it would be pretty obvious there was only one titan.. not like we could have hidden the fact. We were simply looking for better news before rolling out bad news by itself. It's simple marketing strategy to avoid damaging the value of what your holders have invested in you as much as possible. To protect them.. Things were progressing a little slow due to the circumstances with Stuhlman and his family, so we didn't have anything to do that with. Meanwhile we were looking for other solutions. One of the large investors in the foundation considered renting 1 GH for a full month or two out of his own pocket to be used strategically (paying multipool miners bonuses or something.. we had lots of ideas for it). That didn't go through though because some people decided it was a good idea to rip on large holders and discredit their image for no good reason other than the fact that they were both largely invested and on the foundation (I still don't understand why this is even remotely bad, large holders want a stable rise just like the small ones). This displeased him, and between that and the falling price it was unable to happen. (I cant blame him..) You said so yourself you pitched ideas too. It is was an incredibly difficult situation and we've been doing everything possible, even if sometimes there was frustratingly little room to move.
There was no lie.. the foundation has not lied about anything to date.. we just hadn't found a proper solution in any kind of a decent time (which none of us were happy about).
We're not spinning PR.. We're only telling it how it is.
There is no big bad monster.. just a bunch of volunteers collectively doing what they can for the coin.. even if they can't do much sometimes.
Lets be clear, "we" as the Foundation at the time had no intention of telling anyone the Titans weren't coming. This, along with the other failures were what forced me to resign. If you all want to believe the spin of "waiting for a less damaging time" go right ahead. They were quite happy to let this charade go on for the next 1 or 2 months because KNC would not be able to deliver anything anyway and no one would know.
The PR spin on this stuff is amazing, but hey Stuhlman can do no wrong right? Koolaid anyone?
Ya because a completely moronic decision to copy another coin and release it as "weeks of hard work" isn't a good enough reason not to sink 20k in mining hardware into this coin.
It was just a "convenient" time to pull out right? What is really convenient is that CAIx leadership "forgot" to tell us all when they found out.
This investor had the good sense to get out when he did.
Actually the investor bailed on CAIx because of poor decisions and lack of results from the leadership and development team. He pulled his mining support, sold all his coins and basically said he will not touch CAIx again.
This happened in the wake of the Silk Coin copy and paste blunders after we were told the devs were working so hard on this update.
Ok, this is a huge blow, but it's not the end of the world. If this coin is legitimate and the devs still support the coin, we have to face the fact that someone scammed us about the two additional miners. But let's do the math and figure out what Joseph's miner is capable of at these prices.
Using the same figures from the original PSP document, one Titan miner should create 21.9 BTC per month. At a current price of 0.00014 BTC, that single miner could purchase 151,761.90 CAIx per month. Is it as good as three miners? No. But considering the current price of CAIx, it makes a dent.
I never purchased CAIx with the idea that I was purchasing a "currency". There are 1000+ coins all trying to be a currency and CAIx in that regard has nothing special about it. However, if you look at it more as a stock that pays dividends, this organization has potential. The Titan miner could hypothetically destroy about 10% of the coins in circulation over the next ten months. If you combine that with other projects and the developers can get back in their groove and create value again (think Tiny Elementals), those dividends could continue supporting the price and the "coin".
I believe we all got scammed, investors and the foundation (although the foundation seems to have known about it first). But I'd just like to point out that once the dust settles, this could work.
I also propose we end the "masternode" idea with this current round. Any dividends paid to shareholders should be done by destroying coins (share buybacks rather than dividends), and investors should be kept up-to-date on a weekly basis of such destructions. I also suggest the Foundation keep investors abreast of any huge changes. Something this large like the investor with 2 miners reneging is grounds for an immediate announcement. This was not handled well. But I am not dumping at this price, so I hope some of these comments and suggestions are heard.
+1 i'm with you on this.
I'm not in Caix because it's another currencey like other one, but becasue it's a Cryptostock.
The investor with the 2 titans promise probably scammed us, you are right. His intention was to help a pump group to rise the price imo.
Yeah pretty convenient how he found a reason to back out after he realized it wasn't about to pump by itself eh? Fancy that..
Dude... just stop already.. you've made your point (the same point) like 40 times now. We get it.. the Foundation decided to wait to tell everyone about the two titans till they had a way to do it in a less damaging light. You thought that was wrong and blew the whistle hard as you could (in a very damaging way). Just let us try to recover, you're not helping anybody but yourself at this point.
