Hey guys, someone made some great points on SBC in the forums. Thought it'd be worth it to post it here:
Hello All,
I am fairly new to Crypto in general and SBC was the first coin that really stuck out to me. Mainly because I feel it is not over-inflated, it has a feature in the mixing service that has a lot of promise for the long-term trade, and it is not completely over-hyped or being pump and dumped by multi's.
The biggest issues I see in regards to the future of the currency and it's ability to gain market share are as follows:
1. The mixing service needs to show progress and Artos needs to offer consistent updates on it's status and keep active in the community. This will keep interest high and people looking forward to it's release. This also helps people feel as though the release is imminent and not a potshot as to whether or not it ever happens.
2. Artos himself is either a liability or the greatest strength of the currency. We know that the BTC source is fine and we know that the mixing service in theory sounds great, but Artos already abandoned the community once with no explanation and the mixing service atm is just a pipe dream for most involved. Anoncoin is theorizing a similar type system, is more stable, and seems to have more backing. Artos needs to be more active, more accessible, and more consistent in talking to the community through twitter, a blog, whatever the means may be. This will serve to ease the minds of those who are skeptical and keep them from jumping to Anoncoin which has the appearance of more stability.
3. The recent difficulty issues, the fork, the (in my mind) terrible communication during the process and tying that with what has happened with Artos in the past seems to be a deterrent for many. The talk is that he is shifty and possibly unreliable. This creates a lack of interest in even getting involved with the currency when other options exist.
These are just my 2 cents and the things I processed in my own head when deciding what currency to get involved with. Ultimately for me, I feel as though Artos is a normal guy with a life that gets in the way just like the rest of us, but I feel like he believes in and will support SBC as best as he humanly can. After reading through his posts and whatnot I feel confident that I can trust him. That being said, I also feel like SBC needs some kind of PR department or person to formulate public correspondence to make sure that it comes off better and more consistently (in an official capacity). Communication is the key to the success of any crypto.
Most importantly, from what I gather, we are waiting to hit 317,000 to fix the difficulty scaling correct? This to me is a good point at which we should start pushing for more frequent updates. Even if it is just thoughts, ideas, or statistics about SBC in relation to other coins, updates are useful. Start talking about hash rate goals, getting additional pools, or whatever, even offer rewards if we must, to help create additional interest.
Bottom line, I think StableCoin is a good long-term bet and I think anyone serious about crypto who reads into it and understands the mixing service will feel like its a bet worth taking. That is the strongest feature or interest building asset. I think right now, Artos and the history of StableCoin, along with the lack of official communication, updates, and the status of that service is the biggest detriment.
Just some thoughts. Thanks for reading.
- DC
Thread:
http://forums.stablecoin.net/index.php?topic=173.0