Whoa whoa..
Can someone summarize what happened exactly? Specifically about the devs?
Last i heard about Minerals the price was going down (about 1-2k) but development was going well and a few SC players got involved. Then something about a dev getting sick.
What happened now?
The problem is that core devs (including me) have very different oppinion on how to move forward with minerals. Spiced with the price plunder, my urgent business trip and core dev`s vacation it basically destroyed the team. It is yet to be confirmed if devs will continue the developement of Minerals. As for me - I`m moving to start another project independently.
Well, for what its worth, at least you are openly admitting that Minerals is basically abandoned. As sad as the current situation are for the investors, at the very least you had the balls to admit that Minerals development is over. So at least no one will be here waiting in vain for development.
It only seems like yesterday when I pm'ed the dev requesting for a PR guy and bam..not 24hrs later, they got one. Solid dev team overall...fullfilled nearly all promises, just got a bad rep due to price and some problems during events. Plus the downward spiral of death that led to this point.
I will say though...its a bit funny because I remember the Minerals dev account holder saying that this is a 10-year project at least. (the post is earlier on this thread. Not gona bother to look for it though!) lol so much for that. That's crypto for you folks.
At least minerals was no scam. It was simply a failed project. ON TO THE NEXT ONE!
It is too early to say that Min is dead. As long as there is a dev team and trading volume is >0.1BTC avg the coin is alive. The dev said very clearly that it is a long term project. The low price and low volume is normal and is 100% in line with other alt coins. Alt coin culture is all about making quick bucks with the initial rise and then it is downwards all the way. I notice a trend lately of coins trying to implement real life usable services of which Min is one in order to break the cookie-cutter pattern - some have poor ideas and others have excellent ideas. These coins with plausible real life services are long term holdings. All that is required is to keep it alive by one of a few possibilities until the services can be delivered and adopted which is the hard part. Real life services take a long time to code and get right. Anon was recommended to do exactly that, to make it easier to keep the coin alive while betting development is done. Anon is not crucial and it is up to the devs to determine if they want to/can finish that first and then carry on with betting. If anon is abandoned it is still possible to achieve the main goal but then it will just be more difficult to keep it alive in the mean time.
I don't know of coins that have really nailed real life services because they all fail on the same point and that is having enough steam and support to keep the coin alive until the real life services are delivered. The only coins that I know of that have achieved some success in delivering on real life services are those that have anon as their main real life service that people can use to keep their tx private for whatever purpose. They succeeded so far because the time to market for anon as a service is much shorter than the time to market of most other real life services and adoption of anon is almost instant with an instant demand. Betting is Min's main real life service and time to market is much longer than anon and I estimate 3-6 months time to market with a quality product and 6-12 months for main stream adoption outside of the current coin holders.
Whether anon is done or not, both routes can lead to success if a solution is found for keeping the coin alive for the next number of months until time to market. This will let Min bridge to gap where most other coins fail.
It is a pity that MineralsPR is leaving as I really like him. A piece of advice for MinPR's new project is that after the initial hype of whatever its main thing is, the project will face exactly the same problem to solve that Min is experiencing now and he will have exactly the same decisions to make on how to keep the coin alive during the development of real life services and will have exactly the same end result of most coins because they fail to solve the point I raised above, unless his real life services including adoption is something very short in line with the current attention span of the alt coin market.
The real test of character for the Min dev team is the next few weeks/months if they will be able to stick with it and deliver and bridge the gap that few other coins have been able to bridge and that is to get through this phase of low price and volume until a polished e-betting product can delivered and adopted. If they fail and abandon the coin, Min follows the same pattern as all the other alt coins but if they stick with it and if they are committed and sincere and carry on it will lead to success. The concept of Min is sound which is rare, and it is still early days in the bigger scheme of things.
Hang in there.
I expect nice messages quickly!!
