I will start with a few key points, I could go into detail on many of these issues, but I will try touch on points without going into depth to much at this time.
I think VeriCoin started to go wrong months ago when the game plan was hatched on these forums to gain interest in VeriCoin. If my research at the time was correct the push came for price movement, over core development. At this point is when we started talking about "who is dev 3" roadmaps, and other things generally building a high level of speculation into the coin.
Now, for "x" reason this coin couldn't stop going up for a little over a week, and it was all based on upcoming events, and not released products. At this point. The market gave VeriCoin credibility, You, and the other 2 developers offered something refreshing to many investors, a look into who you where as a person. The market rewarded VeriCoin for what it stood for, and where it was going. Many of us felt the team was honest, and has integrity. Which I feel is 100% accurate today, and why I think this coin can be a winner under proper leadership and guidance.
At this point, IMO. Time seems to verify that we became the target of the get rich quick crowd at our own doing. They quickly realized that you offered something unique and valuable in crypto. A capable team putting out great releases, with the credibility to match. You can see it all to clearly that this coin was manipulated by outsiders, some of which gained the trust of developers, and through that trust, gained the trust of many community members, who they in turn took advantage of for fast profits.
I think at this point, our best bet, as a coin is to say what vericoin is. and what it isn't. A nod to what barb said and that we need to be the good guys, its the only unique feature you may even have in crypto, with first mover advantage, and a incident with MP that didn't kill the coin. If harnessing that energy properly it may be able to propel VeriCoin back to great heights.
To do this I would suggest taking down future roadmaps, getting rid of roadmaps alltogether. Work on more personable pages for the team, for the extended team as well. Figure out a vision of where VeriCoin is in the future, how its successful, and how it gets there.
What do you want the vericoin culture to look like years from now? Start getting those pieces in place. If the community is this strong with 3 devs, and some loosely affiliated community helpers, imagine what a coordinated suite of capable team members would do to confidence in the coin? What about pushing VeriLeaders to be public representatives available through skype and other avenues, I would do it, more than willing. What about helping out all of crypto, instead of carving out a niche. "The good guys" Right? We can support coins and services. Rather than compete. If we cannot put out a better product, by leaps and bounds, let others waste precious time and resources, while we figure out where we can add value to virtual currencies. Making second rate products, making to many products, and leaving things half done will never bring us advantages over coin "x"
VeriCoin needs to streamline what it is. Things that are done, need to be done well from the community projects, to developer projects. Communication during times of significance like this between key investors, and product/service leaders is key to being successful. We can create value that we may have overlooked before being complacent in good times. Now we know that promising things, for the sake of keeping momentum is not the way to go about things.
IMO, we should try a strategy related more closely with finding a vision for vericoin, and putting pieces in place to grow our vision. Do it with the same positive attitude, and integrity that you, and the team have shown through this process and IMO VeriCoin will be rewarded.
I Hope we can start bringing some more sense to what vericoin was, and is. So we can refocus our energy on what will make vericoin overtake bitcoin. We won't beat bitcoin in any technological race, give up that now. You need to beat bitcoin the only way it can be beat, and its a outside chance. We need to be the first to welcome regulation and a face for people to invest in.
Think Winklevoss twins and the upcoming Virtual Currency ETF. We have 6-18 months to make a impact on the only 2 people that matter IMO in crypto right now for us. We have developers in NJ, they are in NY. We are honest, and they will need to diversify. Think how many coins will not meet requirements for that ETF. We need to be one of the coins positioning for this. Take the good guy approach, get us to be the first regulated virtual currency and investors will be rewarded in the end.
If you want me to be more specific in regards to a question Doug, please respond here, or in PM if you wish to discuss this further there.
Impressively unbiased analysis and interesting approach and opinions. I would like you to PM me suggestions that are specific that we can move forward with. This is a nice overview. Thank you.
