Anyway, here is my official statement on why I had to leave and why I can't continue this anymore.
It all started last week at my startup I work full time at. We had been looking for potential investors for some time, and in the light of all of the BTC news, we were having a hard time. We had just gotten news that a VC wanted to us to fly to his office immediately and pitch our product to him. So, overnight we flew 700 miles to his office and pitch our project we had been building for 2 years. He liked it and made an initial offer. We accepted. The team stayed there for a couple of days, talking, signing stuff, etc. What had happened before flying out was that I was pushed to release a forked version of SMC lowering the block rewards.
Since I had delayed it for a while I decided to delete it in a rush. I didn't think it was my job to contact every single service that used SMC. The community wanted that, so I delivered it. Everything was placed on my hands to make it happen. No one took the initiative to contact anyone else about it. I pushed it out to the forums, twitter, and other social media channels. Although one issue was that I was pushed to release the fork without a functional Windows wallet. One of the guys who I work with usually did the compilation for me, but since we were 700 miles from home he didn't have access to his development machine. All I had was my Mac laptop and my phone. I compiled the Mac clients as I usually do, and pushed the code to Github. I hoped that we would get back in time to finally compile that crappy wallet, but our flight home was scheduled 4 days later. Then things started going down hill. No one had updated after the fork, now there were to versions out in the wild, one of them wasn't even being supported because there were no clients connecting to it. I was frantic, I didn't know what to do. At the beginning, I had several people on my team. I had other programmers and designers who helped me out, some I knew, some I didn't. Eventually all of them quit, citing the same thing: time was too short. We simply didn't have the time to dedicate ourselves to it anymore. I stayed because I had to: I created it any I didn't want it to die. SmartCoin came out of the free time I had laying around after finishing the first version of our product. It was now up to the executives to go and find potential investors, so I had some spare time on my hands.
Having a deep interest in P2P networks, cryptography, and Bitcoin in general, I decided it would be fun to try something new. In the sea of shitcoins, I wanted to make something that stood out. I came up with a cool distribution plan and a lot of other potentially awesome features. And it launched great. And for a month it was the best time of my life. To witness my creation being appreciated and loved. But it was equally as hectic. The constant bargement of trolls, hundreds of emails and PMs, pressures to perform, and the like. I introduced a few of my coworkers to it, and they liked and contributed a few things to SMC. Towards the 1 month mark, after the marketer had quit, I knew things were going to go south unless I found someone else to fill his shoes in. But I didn't. No one was willing to. No one in the community decided to step up. They had "invested" in SMC and hoped someone could make the money for them. But they didn't "invest" in SmartCoin. They invested in the price of SmartCoin. The people working on this were never directly monetarily helped by the community. Sure, they helped by supporting the price, but in the people making it work, they didn't invest a single penny. I felt like I needed to make that distinction.
After I saw the hell the fork brought, and the trolls that followed, I had had it. In anger, I decided that it was over, and that I could just not update it anymore. I wasn't planning on leaving, I wasn't planning on dumping, I just didn't have the time to manage it anymore. My decision was short-sided and I realize that. But in the end, I was one guy with a full time job, trying to manage a community that required a full time job. It just didn't fit. In hindsight, I think it would have been a lot more different had the community stepped in an done something noticeable after the marketer had quit. But instead they all sat there twiddling their thumbs, waiting for their "investment", their magical bean to sprout into a giant beanstalk. Everyone talked about action, but never took any action. And that rubbed off on me. I wasn't taking a cut off SmartCoin's success. Instead, I had put in 6 BTC in order to support the price from being dumped in an instant. In the end, I had purchased about 40k SMC, so you can get an idea of what kind of prices I was buying at.
I am extremely apologetic for the things I may have caused, it was never my actual intention for the future of SMC to turn this bleak. But due to hundreds of variables that never panned out, this was the only thing my short sided mind saw.
My sincerest apologies,
Steven
P.S. If you ever need the smartcoin domains to point to a nameserver, let me know and I'll modify the domain records.