With a price as low as it is and a short POW period before moving to POS with interest, I'm wondering why you don't invest in the coin itself if you believe in it. The upside potential is enormous and there will be a regular income stream from it in a couple of months. Let's assume a 10 fold increase in price - which would barely make the top 50 alts after POW is finished - and a small investment now would cover the £25,000 each.
You can still ask for donations and only agree to press ahead with the other innovations if the community pitch in and fund them.
I personally don't think it's realistic to expect the community to pay your wages for a full year and I'm disappointed that you've come out and asked for this at this point in the game.
If Joe Bloggs down the street opens a corner shop, gets it up and running and then asks his customers to pay his wages for a year before he has any stock what do you think they would say? I admit this isn't a perfect analogy but the principle is the same.
I'm also concerned that now I've invested in the coin the team could abandon the project if they can't pay their bills. Not a good feeling.
In essence the customers do pay Joe Bloggs wages.
Also, collectively we have 25,000 Sterlingcoin between the developers.
We are doing the work irrespective of the fundraiser outcome.
We do not abandon projects.
Thanks for the speedy reply as always.
The customers don't pay Joe's wages a year in advance before he's provided any services do they? They also don't give him money for nothing. His wages comes from his profits as a successful business owner and the customers benefit from his service.
If the business is beneficial to the community, as cryptocurrency is, then the community should be expected to pitch in and help the business grow. I would be happy to do that as a community member. I hold a not insignificant number of Sterlingcoin and want to help. I'm just not sure at this point that asking for such a large investment is the right direction to take. Especially when the smaller investor has no way to see a return on that investment.
Why not start small? Ask for funds to do the video first for example. When that's done move on to something else, all the while having a dev fund to keep you guys going.
I'm only offering my thoughts and opinions here as a Sterlingcoin supporter so please don't think I'm trolling or anything. The reason I invested was because of the work you've all put in so quickly and the huge potential the coin has.
Thank you for your comments. You are correct.
We will be looking at the fundraiser on StartJOIN as a measure to gauge interest.
This does however show what is to come, well not entirely
The video is a MUST. Basically everything on the list is a MUST.
The wages would be nice to at least get paid for the work we are doing and sadly at current prices the Sterlingcoin Dev fund cannot fund 3 people to live.
Yes prices will rise, yes it will be worth more.
However, right now to get the work completed for Sterlingcoin and also sustain life, we need to balance work for others with Sterlingcoin work i.e. PAID WORK
That being said we have two systems looking to be launched towards the end of November and also updates and changes to the current Transaction Explorer and API.
Android and API wallets are on their way also, these are taking longer than expected as the wallets are being built for the X13 blockchain header size etc.
Basically a lot of work.