Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 69. (Read 297728 times)

Is it just me or is the octocoin symbol very similar to the Hydra symbol out of Captain America??
Just to confirm - I've not accidentally entered a neo-nazi cult and be asked to help out with a bit of new order world domination will I? Cos most my Thursdays are usually booked up??

Damn you bholzer, every time you say something it makes me want to buy more, but I can't afford it 

Thx for the words of encouragement and rationale Bholzer.... I think that many people put quite a bit of value in your opinion based on your rep. I have been around Fusionhash coins including Octo for quite a long time. I will say that it is super frustrating when we don't get updates but we have seen this before from the Octo team. I definitely will continue to buy while the prices are low. I think we have a good community here and that's one of the reasons I have just bailed due to the frustration. That, and the fact that I have bought in to what the devs were selling and what you touched on, that they are building an ecosystem to set them apart. There are a few coins that have tried this and failed. There are a few current coins doing good things but who knows if they will keep it going for long. That's one thing I noticed in the alt coin world is no matter how strong the community and no matter how great some of the ideas are, for some reason alt coin investors have short attention spans. It will be interesting to see if 888 can pull it off and not only make us all some moolah but actually create and maintain.... to me that is the biggest challenge. Will it mean something in the end? I mean there have been some big rises this year for a lot of alts. None of them really have maintained.

I really hate the fact that the devs don't post as much as we all hope, if anything, but just to keep us at ease since many of us are heavily invested at almost 6 months in. But, I'll say thanks to everyone that still posts and makes this board fun and thanks to Bholzer for stepping in and filling the gap.

Check out the new Foo Fighters album cover:



The album, their 8th, was announced on 8/8, has 8 tracks, and was recorded in 8 different cities. Partnership opportunity staring us in the face??

Also, for everybody concerned about the lack of news, I was on a conference call late last week where two of the OctoCoin developers also participated - everything remains on track despite being behind schedule. Some of the necessary paperwork/legal stuff is taking longer than expected (this is unfamiliar territory for financial institutions - we're talking about people who still think free checks when opening a checking account is revolutionary) but they are committed to ensuring there will be no surprise snags down the road. I understand what it's like trying to manage a currency in a bear market when there are so many other responsibilities on your plate. Also, you guys need to realize these guys are approaching this thing a bit differently that most coin devs - they see the coin itself and the distribution as just one part of the equation. The community will rally organically once they begin to produce results and as far I can tell they will have essentially zero competition. Talk is cheap - results are not. I think they have done a great job of building hype and excitement without showing too much of their hand and once these guys have their business rolling and can dedicate themselves fulltime to it, we will see rapid results. If they can create an actual ecosystem with a purpose the impact would be much larger than even all of these big vendors accepting "bitcoin" as payment only to immediately swap it out for fiat - at that point, they're just using bitcoin as an alternative payment processor because they're afraid of the "risk" - until it's treated like a currency it's just sidestep after sidestep. This is bigger than OctoCoin itself - it could prove to be a key piece of the movement in general.

I am as close to being on the inside as it gets without actually being on the inside... and, as I continue to exit my positions in alts, I continue to acquire 888. Everything will be easier to swallow once they roll out even their first project - it isn't going to take much for the trading price to jump up 10x (especially when nothing else of mention is really happening in the boring world of altcoins right now). It's smart to be cautious and smart to be skeptical in this market - they missed their target date and haven't said a word for nearly two weeks - I'm just telling you guys that I have no problem publicly vouching for the OctoCoin team. Just because their marketing doesn't seem to make sense... I assure you there is a method to their madness. It's one of the only alts that I can confidently buy and hold and there is truly nothing else like it.

It could equally be that the investors have final say on what news is delivered and when. Sort of like a traditional games development model with a publisher in control and a developer not able to release news without approval. My point is we don't know what is going on behind the scenes (and we have known that we don't know for quite a long time).

Regarding the bigger picture, what I think we do know is that the reason the apps are being kept under wraps until they are ready is to prevent hype too early, copycatting of features/innovations before 888's ecosystem is ready and for added wow factor upon release.

PR could have been done differently, the devs could have maybe taken on community managers and such but as you alluded to, the Coin itself may be just the first brick in the project. It's up and running and maybe a tick on the to do list for the much bigger 888 project. The OctoBank is a confirmed 'thing' which builds on the Coin and is probably central to the ecosystem allowing the other apps to build on it afterwards.

It's probably going to be true that what 888 becomes won't be something that can't be copied. It will be the sum of a lot of development time rolled out to a degree that it would not be in anyone's interest to 'better it' at what it does because it's already a premium offering. This is where delivering near perfect apps will pay off. Also remember we've got a long way to go til the Vegas days and there's probably a lot of work to do still even after the Devs drop back in on us.

Hold tight and wait for the roller coaster :-) Soon enough we'll know why we've been mining/buying 888

I don't think the devs have abandoned the coin. I think they're buying it. They probably have specific Octo holdings/positions in mind (possibly even necessary) to back their development plans, and of course they (and their investors) want to profit off of their activities and announcements at least as much as any of us. Octo is cheap at the moment. As soon as they announce something concrete the price will rise, possibly quite dramatically. Until they've acquired as much as they want/need they're probably in no rush to announce, and as you know it's a bit of a chore to get your hands on large blocks of Octo.

Like many on this thread, I counsel patience.

It definitely does mean we are being ignored, at least for now.  But, I take your point.

I'm about to go on a 2 week family holiday myself but i'll no doubt be reading and posting in forums, I'll also be working from time to time despite being somewhere with patchy internet service.  If something is important to me I can't just switch off and forget about it (though maybe life would be a lot more relaxed if I could!).  If the OctoCoin project has a real cash investor(s) as suggested you can bet they'll be constantly demanding and getting progress updates whereas we ask politely but hardly get any.  Of course that's the dev's prerogative but it does suggest the coin side of things is the least important part of their plans especially without any real indication as to how it integrates into the bigger picture in a way that any other coin couldn't.

Being a complete control freak, a coin with an enigmatic dev team is probably the worst thing I could have picked to get so heavily invested in. 

To be fair to the Dev's Their primary time frame for launch releases was by the end of August. (Remember the quarters conversation?)

They've dangled a few things but not yet delivered, but this by no means suggests they aren't planning on delivering. It's unknown as to whether or not they have read this forum since their last login, so try to remember that just because forum posts/pleas go unanswered doesn't mean we're being ignored.

Theoretical example 1: The devs wanted to get an App to us August 1st, development wasn't ready so they had to postpone the big reveal. This then clashed with their pre-booked family holiday(s) so they are away now, They'll get back in a few days to try and polish their offerings to find we've all gone stir crazy waiting for news.

As Shellbunner pointed out, We are (most of us forum posters at least) committed to 888 like it or not so it's worth remembering while the Devs may not be here reading this (go on, prove me wrong ;-) ) Joe Public certainly is and if we FUD ourselves how else is anyone else going to view Octo?

Let's remember the potential, the small Dev team who have an outside life, the fact that waiting is what we're good at after all this practice and that one day soon^tm we'll be laughing at our own little wobble.

On the plus side 888 are currently quite cheap so you could get a bargain on an OctoGlass :-)

You are so right SquidsIn. I have abandoned Octo long ago because of the failing development. But i check into this thread from time to time and it is very sad that the dev´s did not hold their promises. I´m sorry for everybody who has lost money with this, but there are far better coins out there - with dev´s who deliver.

@Octocoin Dev(s)

Seriously, no activity from you for over 2 weeks after dangling the carrot of big things coming before August 1st?

We all get that you're busy, have other priorities and paymasters, that OctoCoin itself is only a small part of your plans. etc. etc.

Many of us have hung around here since day 1 because we believed in your vision and your ability to deliver but to be honest we've not really seen much evidence of that other than an excellently managed hard fork, a nice looking wallet and a new teaser web-site.  All good things that some coins never manage in their short lifetimes, all very nice, all very professional but that's it.

Meanwhile the market for OctoCoin is decimated, if I were to hit the top two buy orders now with what I have on hand at Bittrex there would be just 0.3 BTC in low value buy orders!

Don't get me wrong, you don't "owe" us anything, most of us (in this thread at least) are adults and can take it on the chin but don't you think it would be at least courteous to tell us where you're at and whether you truly believe there is still a viable project for us to maintain faith in or whether you tried valiantly but failed to pull it off.

If the answer is that we should all just walk away now then so be it, I for one don't bear a grudge, the ride was fun while it lasted.  I know that by definition making this appeal to you for information is "FUD" but that's not my intention, I guess I'm just looking for closure.

Yeah there was quite a bit of speculation about the number 8's association with China when this coin launched. Specially when you talk about the gaming aspect because they consider the number 8 so lucky.

We'll see what the correlation is, if any, soon.

We've got a new etched glass to show you, and we've uploaded a picture of the first blown glass prototype to Twitter. Follow us @BeardedCouncil Neither glass matches our vision but if we've got photos we may as well share them :-)

Have you guys thought about targeting china?  The number 8 is one of their luckiest and favorite numbers.  They intentionally pay more for something just to have the number 8 in it.  Sounds crazy but this could be an advantage for such a coin as this.

Good luck!

Devs were last online on July 26...

An update of some sort would be nice. I'm so HEAVILY invested though it doesn't even matter. If the devs lost interest I couldn't sell my bag anyways, so I'll just keep buying. Why the hell not? 

No comment.  Don't want to say what I'm trying not to think. 

The devs should at least show them selves just show respect to the best community in crypto.

I would expect that once some bits have been released, the pressure relief on their backs will mean they have a little more time to entertain us. Hopefully that will be soon, the wait is long tho.

haha you would think, this is actually the norm though. it's been this way since March, they come around some then disappear for a few weeks. repeat lol.

One would think the DEVs would at least stop by and say something.