I'm stunned we are not in the top 10 coins.
AMEN Doc, currently Ampleforth is in top coins and it's saying they have "elastic" supply because they think 1/10 = 10/100... such a scam. As if Bezos could multiply/split total number of Amazon stocks by 10 and magically make himself a trillionaire. If exchanges listed users by their percent of marketcap that coin would be worthless. It is an insult to all things good in the world (bunny rabbits, waterfalls, fluffy clouds) that BAY is not currently the one being lauded as the go to so called "elastic supply coin". We live in an Idiocracy... it is painful to watch. But we have to consider that says more about society than it does about us. Sure we made our mistakes by not capitalizing more as a team when we had the chance, but that is nowhere near how disappointing it is to watch the masses walk into scams.
BAY works because of users holding EQUITY over reserves!! That special equity is what makes the magic happen. It matters when a person buys, how liquid their coins were at the time and so forth. Those things matter and without equity changes there would not be a true change in supply vs demand. (someone should really repost this on AMPL... lol)
What is missing is traditional income streams that most businesses get. If we were to get capital of a few million surely it would go towards things that actually bring home some bacon for the project. We have the talent, we have the peg, it holds 20 cents, all we are missing is resources/liquidity. Plus we succeeded once we can do it again.
One thing our nay-sayers can't deny is that we DID hit .5 billion marketcap after they spent years coming to the forums shitting on the project. We had a win that they will never forget. And that was without the peg! It's one of the greatest accomplishments in my life. I said years ago, success is the best revenge and I promised we would succeed despite having brand confusion, abandonment from the founders, trolling, censorship and so forth. People said "change the name of the project, go anonymous" and I responded "no, because fuck them and when we succeed it will be that much sweeter."
We did succeed despite all of the adversity. If we can pull it off again the peg will be too strong for anyone to stop because we have built in volatility protection! It's true our future is uncertain, I would never ever create a false expectation. Regardless of the future, we can know we took part in one of the greatest underdog stories in crypto history. When BAY piqued in 2017-18 it was the #1 gainer when Bitcoin bubbled for almost a week straight. It was doing 100% per day without the peg! After all we had gone through it was great. I know a lot of us didn't sell much myself included and what a big mistake to screw up a winning position. There almost isn't a day that doesn't go by where I kick myself for it. But it was a series of moments I know I personally will never forget. I've learned though... I've learned that unpopular decisions are sometimes the right ones, that focusing on adoption was something I greatly underestimated, that we didn't put enough into finding liquidity providers or doing standard marketing or thinking of cash cows to invest in on the side to keep a full time team funded (even if it had to be something totally unrelated like real estate). However nobody should underestimate persistence. I've got a more ideas and a few aces up my sleeve still. Even if the moves/changes are radical. It's not over until the fat lady sings.
