Don't take my post as an insult as I said I still support XCR that being said I highly disagree with a lot of your decisions or lack of thereof as of late.
It is pretty obvious you need to reevaluate how you are going to bring value to the network, get people interested in your project, and get people who's bought it returns. Because the whole network idea starts with the ordinary investor who buys. And I don't hope this will come in a month when PoT is done. This, now.
No more excuses. Until then I will watch this more passively. Best of luck.
5000, no one on our team has taken anything you have said as an insult and we fully understand your sentiment. With that being said, please understand where we are coming from as the team responsible to the community and the one that took on this task. It wasn't easy for us to admit that our algo had issues and that we needed to re-think how our PoT was going to work. Since then, our primary focus has been on delivering what we promised. Until we can provide a working PoT, network incentives, marketing, or other promotions wouldn't help fix the underlying problem. If we can't show a working and stable network, why would anyone stick around once we get them here? So our thought process was that it would be wasted energy that could be used elsewhere.
We are constantly working on and re-thinking all of our strategies and interaction with the community. A lot of buzz popped up around Crypti because it was a new idea and because we are attempting to fix the problems a lot of currencies have. We are still building the exact same coin. A lot of the problem is that people lost confidence that we can deliver. In my mind, the quickest way to get them back on our side and involved isn't with gimmicks, but rather by doing what we haven't and simply delivering on what we have been promising. Our timeline may be slow to you but look at any other coin that is offering innovation and look at their struggles. It is common place to have issues like we are seeing at the birth of a new coin that brings a new system.
With all of that being said I do understand that we have some people who have been loyal and who are still here. We are working on something to help with this.
We weren't ready to do an official announcement yet but we are working on a script to run from the Foundation wallets that would transfer XCR every 60 seconds between accounts to provide a 1 XCR tx fee in every block. This will be instituted hopefully this week and would ensure that 1 XCR would be forged in every single block. We know that supporting and essentially helping test our network with 0 rewards in most blocks is frustrating. In order to reward those who have been loyal and who are helping with this process during this rough period, we want to make sure you are getting something in return. We will also be announcing bug bounty programs for those who catch issues in the current versions of the client and network.
I will announce more on these programs this week when we are ready to officially start the process.
Please understand that we listen to everything you say and that all of your opinions are very important to us. We know you are frustrated and that we can do more. We are open to ideas. I know you favor SuperNET and we actually had a majority that seemed positive about joining, but we want to deliver on our PoT first so that we have something to offer and can show progress.
We are working tirelessly to get to a point where we can show you the progress we are making and also to where we can focus on working with the community more and providing you all with a stable and innovative coin. Please don't give up yet. We are still going to build what we said we would. On our side, nothing has changed and we are working as hard as ever to build an innovative, unique, and revolutionary crypto currency for the commerce space with a system like no other. I know it is just words until we deliver, which many of you have pointed out. This is why we are focused on delivery.
As always we will keep you updated and appreciate your support! We will have an announcement about the new programs this week.
I think the 1 XCR fee per block is an excellent idea to compensate long time loyal supporters that I never thought about myself. Great initiative. My only input:
That is 1440 XCR per day, 10080 XCR a week (currently $22). Due to market conditions I would up the tX fee to 3 or 4, scaling down as price goes up.
As for my suggestion on Supernet it still stands and I still believe it to be the best course of action (yes, even in current state). Here's why:
#1 Supernet will add transactions to the network, PoT or not it will benefit it. Increase both networks value significantly, for both parties, XCR still have features to give to superNET in current state, and that is the forging network which will thrive upon addition.
#2 Supernet will give XCR the exposure it needs to new forgers/investors in meantime we wait for you to fix PoT, and also when you do release PoT it will be greatly celebrated to a wider audience and much more appreciated, than the complete market bleeding out for weeks before PoT comes out.
#3 Judging by current market conditions XCR will offer Supernet the investment opportunity of a lifetime, the two networks will inevitably stand to gain tremendeous financial and network value by partnering up.
#4 I do not share the view that XCR currently have nothing to give, it has a lot to give, and a lot of promise and upwards potential with anyone wanting to go into a partnership, given that they have somewhat patience (+2 weeks). In turn, I believe any partnership will strengthen the core, increase it's userbase and gain more exposure when you do deliver. Also it will award your loyal users, and give them brainstorming ideas on how more of XCRs features can be put to use in other networks.
#5 I do not agree that the product has to be finalized to look/join partnerships. For example most venture capitalists are only investing because of the persons behind it, or the idea behind it, not necessarily a finalized product. It can be pending patents behind it for example or any other obstacles but fact will remain that the idea is intact. It's still there, and why make such an investment? Because of the risk it carries, the price will be low. Such as our current market conditions.
When all is already set and safe, the price will ultimately be much much higher for such an investment. So the leverage becomes just that. Huge upside potential.
In this case the idea is intact, and the developers team is competent and will suceed with their task. So I believe you are still making excuses.
To keep my views simple: (I can be too incoherent & rambling at times)
For partners - XCR is a good partnering opportunity for other networks, with huge upside potential in the near term aswell as in the process contributing to getting network solid thus increasing it's value.
For XCR - Network needs to gain exposure, activity, transactions, strengthening of network and awarding loyal supporters. Without this there is no network.
Network activity = value in network increase for all participants. Participants increase. Hard to do without partnering up since community is small.
XCR thrives on exposure.
ConclusionI don't think you should wait. I think the time for excuses is up or waiting for this and that and that it is time for action.
I think it's time you recognize you have potential and you have it now. That the network can still increase substantially in value until PoT is out by making the right quick decisions and by the time PoT is out XCR is already a success so that it will just add another layer of unstoppable momentum.
Solid developers team, hardworking people, a small yet loyal following and an intact idea to change commerce.
That you will suceed with your task is inevitable to me, however what you do up until you reach that will define how succesful it will be perceived.
It's time to stop waiting for what you don't currently have and start using what you do have. I think it is a mistake to dismiss anything in the current state.
And I think it is a mistake to wait until PoT to start partnerships.
As for PoT versus my own experience, the strength lies in realizing you've made a mistake and then correct it nothing more to it really.
It's a hard truth to realize you could ever be wrong, but not to be confused with low confidence nor failure, I'd say it is the contrary, in the end you'll get better.
As for myself, my breakthrough came after realizing I was originally wrong and had to change my approach.
If everyone was right from the start, everybody would be billionaires and every business would work flawlessly from scratch.
Tough love from me today but still have faith.
5KB
