My first statement on Twitter: Already the wrong crowd of buyers/supporters $EXP
http://pastebin.com/5q5eHTKJ (Last year's AMA)
I replied to Julian:
Let's be honest, you and I know most people in Jumbucks Slack despise "bagholding" altcoins. They only care about BTC or profit @jyapNathan Bowers @outragedhuman: are you saying you like bagholding and hate profits? I'm confused.
ME:
You're using a strawman argument. I'm a trader and I know when to buy and hold or trade short-term. I make profit from both strategies.Nathan Bowers @outragedhuman: @CryptoGambleh @scambust completely agree. I'm not sure if he's suggesting we should take a loss or baghold happily. And why ama hate?
ME:
Now, he's not sure, LOLZ. I do not hate the AMA per se. I'll explain in a bit.Julian Yap @jyap Coinmarkets died in 2014. Jumbucks Slack isn't even the same people since most have left the alt scene.
ME:
I've been lurking everywhere: Slack groups, Telegram groups, Reddit groups, IRC groups and here. The conversations inside Jumbucks mostly just talk about trading. I believe the quality and topics of conversation hasn't change at all. It may be different people, but same shit.Why I think the Expanse Dev Team was shilling to the wrong crowdThe ultimate goal of every altcoin is to be used and adopted by the masses. The first sets of people they should be promoting Expanse is to the mining community and then to the developer community. The second set of people are the long-term investors or VCs that are willing to weather the volatility of a traded altcoin. The rest of crypto can be informed through press releases, blog posts and forums.
The dev team got the mining community hooked, good job but then they made mediocre efforts to reach out to developers. And I don't see any attempts at acquiring big investors.
And then I read the AMA they did it with a community of traders (Jumbucks Slack). This is an AMA to a group of people who most will definitely buy the coin before the hype and then dump afterwards - which is not at all wrong. They are traders after all. Let me tell you, not all communities are traders. Supernet Slack, Storj Slack, Alexandria Slack, etc. - They mostly talk about coding.
It's like BTC Core devs or major BTC mining pool operators announcing their plans on Whaleclub (BTC traders) which is fucking crazy. Coin devs talking to coin traders feels weird.10:45 <+cryptoclub> The other ETH clones have anon devs, so we have an edge over them IMHO.
10:45 <+defaced> how is my pw wrong -,-
10:45 <+aaltc> lmao
10:45 <+defaced> im copying it directly from the pdf
10:45 <+aaltc> rip @defaced
10:46 <+keesmomma> Are you worried about volume?
10:46 <+defaced> id like things to grow organically
10:46 <+defaced> volume will come
10:46 <+cryptoclub> I am not worried about Volume as we are POW now and will always get it. Buy support is always my main concern.
10:46 <+cryptoking> After shit like $URO @cryptoclub do you really think anon vs. real identity gives extra confidence to a project?
10:47 <+collincrypto> it doesn't hurt
10:47 <+cryptoclub> Yes, it doesn't hurt.
10:47 <+cryptoclub> We have reps and are not going to just vanish one day.
10:47 <+julian> maybe the team needs to put buy support in the early days to show confidence in the project
10:47 <+cryptoclub> And we are not making any promises like URO
10:48 <+cryptoking> so - you're just identified, but you're not promising anything.
10:48 <+cryptoking> >_>
10:48 <+defaced> I always have buy support hanging over the market
10:48 <+cryptoclub> Cryptoking, not promising anything we can't deliver.
10:49 <+sicarious> "over?" 0_o
10:49 <+cryptoking> @sicarious: yes the ominous buy sell support
10:49 <+cryptoking> you know.
10:49 <+sicarious> lol
10:49 <+defaced> when its low i send btc and buy
10:50 <+aaltc> "where does the bitcoin go?"
10:50 <+sicarious> what do you consider "low?"
10:50 <+cryptoking> ^
10:50 <+danconway> As stated previously, we have quite a lot of plans and things in development, but we won't rush to announcing anything until its ready to go, unless its something being proposed and discussed on the DAO
10:50 <+cryptoking> looks like rekt after rekt to me.
10:50 <+defaced> well at 5k sat i can buy every expanse out
10:50 <+defaced> thats low to me
10:50 <+cryptoking> @defaced: do it.
10:50 <+danconway> if a project is making grandeous world changing claims, that's a likely yellow or red flag
10:51 <+defaced> @cryptoking: my forcing the price anywhere days are over.
10:51 <+cryptoking> @defaced: so where would you advise people to "invest" in this project.
10:51 <+julian> a question for the team. is volume evil? because i think “organic volume” doesn’t really exist.
10:51 <+aaltc> I think that’s valid.
10:51 <+defaced> whereever they feel comfortable.
10:51 <+eleven> solid question jyap
10:52 <+defaced> volume isnt evil, volume is good, volume and distribution are the goal.
10:52 <+cryptoclub> @julian volume is very important, not evil at all. Worrying about volume for me is worrying about losing a slot, and that won't happen.
10:52 <+eleven> "Worrying about volume for me is worrying about losing a slot, and that won't happen. "
10:52 <+aaltc> losing a slot?
10:52 <+danconway> Volume is good, fake volume isn't (although can be for a project to keep people interested, seeing a high volume on an exchange)
10:52 <+eleven> does this imply you will fake it to make it
10:52 <+aaltc> wat
10:52 <+cryptoclub> Being delisted.
10:53 <+aaltc> Ah
10:53 <+julian> but if EXP were to get say 60 BTC of volume, that’s obviously not organic, right?
10:53 <+sicarious> are you promoting faking volume?
10:53 <+sicarious> 0_o
10:53 <+cryptoclub> Eleven, no POW has miners that will sell regardless.
10:53 <+cryptoking> 0_o
10:53 <+sicarious> @bittrex-bill:
10:53 <+danconway> No, the opposite
10:53 <+defaced> @julian not if im all 60 btc
10:53 <+defaced> but if its 60 btc because people here like our idea, that would be organic.
10:53 <+danconway> We are saying we have no interest in faking volume, nor a need to when the project has legitimate growth merits
10:53 <+eleven> I see, What is the daily dump amount from the miners, enough to keep you listed?
10:56 <+aaltc> Answer pls >>Also have any of your developers actually done the work of converting PoW to PoS before?
10:56 <+defaced> @danconway: same
10:56 <+julian> are you afraid of other ETH clones coming along?
10:56 <+defaced> @aaltc for bitcoin variants i have
10:56 <+danconway> Not at all, we have faith in our own abilities and plans, if a team can come along to bring about big innovations on Ethereum based platforms, it will benefit us as well
10:57 <+cryptoclub> I think we compare well to the others, and I know some of their promises are not likely to happen. As for future competitors, that is an unknown.
10:57 <+defaced> i understand how pos well,. but adding it to exp, is a completely new beast
10:57 <+defaced> how pos works*
10:57 <+aaltc> @defaced: cool. Yeah; my understanding is that adding PoS is no small feat
11:05 <+aaltc> What’s the timeline for that update are you guys thinking?
11:06 <+cryptoclub> Eventually it will be POS, but I believe Ethereum will update their code soon, and we can do the same based on that. Not sure of an exact timeline for it.
11:06 < slackbot> Soon™
11:06 <+aaltc> lol
11:09 <+cryptoking> Sounds like you're pretty dependent on the Ethereum dev team. Would you guys be "screwed" if the Eth team up and ran?
11:10 <+defaced> no, because then there would be an incentive to pick up and work on exp
11:10 <+defaced> our DAO
Let me remind you the devs are talking to "traders".
The conversation translates in my head -> We don't know what we're doing, but we can always copy and paste Ethereum code. We can pretend we are coding and promise everything, in the meantime, we'll turn on our volumizer in sync with pump groups one day.BOOM! And the volumizer switches off on the clock. LOLZ.
To Julian: it was never an attack to your "community" of traders. I don't know why you got riled up.
To neck-beards everywhere and the feeble-minded: Lay off the drugs, will ya? What a waste of time typing this shit up!