do you have any plans to provide revenue for people who invested? it seems like you are doing a lot, but how can it translate to something positive for the holders of your coin?
that is exactly my point. ICO was sold at 300 satoshi and users who bought it, myself included, are wondering whether at all we can get back somewhere close to that price, with the price currently not even sitting at 10% of the ICO price. Having good intentions and working hard is one thing, having bad information policy is the other. In the end of the day, thanks to these early investors who bought the ICO, the Dev team is able to realise their project at all, so in that sense these investors deserve a fair treat and prompt and exhaustive progress information (saying we are working hard is not sufficient). It shouldn't be a big deal to pop up in this thread, say once a week, and post some bullet points on the most recent developments, or am I asking too much?
PS. there is a maintenance currently ongoing on C-Cex. Do we now more details about it, how long it will last, etc.?
So, one of the big issues from the very beginning was that we wanted to create a buyback reserve so that people not invested in Prozcoin would not be able to short sell and drive down the price. There was outrage against this proposition from the beginning, and while I tried to argue from the beginning that a buyback reserve is necessary, it "seemed" at the time that the "community" was saying that was a bad idea, however in retrospect I hope people realize many that asserted a buyback reserve was a bad idea were also those FUDDING the thread.
Meanwhile, we had released a planned schedule for development, which was exactly what the funds were used on. Shannon went above and beyond what was planned, to the point of working beyond budget to meet milestones. I established office hours, and gave out e-mail addresses so that we can be contacted at ANY time beyond "this thread". We established a website to host a forum about our progress, yet "investors" expect us to come here to report. That makes no sense. In fact, that means the "investors" are actively not supporting the project by not moving traffic about "Prozcoin" to the "CoinProz" site.
do you have any plans to provide revenue for people who invested? it seems like you are doing a lot, but how can it translate to something positive for the holders of your coin?
First off, it is illegal to pay dividends on "tokens", and many coins that have done that are potentially in legal trouble. We have been working EXTREMELY hard to establish our team as a leader in the crypto-community, and beyond "this thread" it is working. If "the market" is not responding to our work, that is completely out of our control.
As far as C-cex, it looks as if they are doing maintenance on Mastercoin, and it may take them a couple days to sync their blockchain.
Ultimately, if we can start generating enough revenue, we will establish a buyback reserve.
The MAIN MISSION of this project was to accelerate mass adoption of crypto currency, and that is EXACTLY what we are doing, and doing a damn good job of it.
Chris