I've tried to read some of the posts, I can see that the developers are devoted to this project and are very keen on making it successful but one thing I noted here is that you guys don't talk about the marketing side of it, no matter how solid a project is if nobody is out there to use it the effort invested into it will not be rewarded. I read a post that the developer of Bitbay developed smart contract ahead of Ethereum but to me Ethereum guys get this right because they got marketing/publicity side of their project right and they become successful. I have no doubt there is a market gap for Bitbay to fill but we need to understand that marketing a product is a important as developing it if not more important.
I don't agree Etherum got it right unless you'r talking about p&d or devs getting rich. We are all working on software that is supposed to handle peoples money. That means we have to get it right first, and then market it. The damage that Eth has done to itself will be very hard to fix. Whales keeping Eth price at artificial high level after disaster only has effect amongst traders hoping to get rich. It has no relevance for adoption amongst ordinary people and businesses, and I can't see why they would use a coin with a dev team that is so reckless.
That said, I totally agree marketing is just as (or more) important as developing. We even have a marketing tool built into our client, the pay to mail feature.
True I actually agree with everything you say here. It was extremely irresponsible to investors what they did with DAO and did with pumping.
We are doing it the right way, less volume now, we market a completed product that we test and can be proud of.
However from a greed perspective ETH did everything to try and be a media darling and shake investors for money. Market first code later.
It's a matter of principal. And we still have tons of room to market and grow.
I disagree with you that Ethereum is a pump and dump coin, a pump and dump coin will not still have a strong community behind it after hack, don't let us deceive ourselves, the cryptoworld is a world of unknown to all of us, an experiment, we stumble, learn and rise even bitcoin was once $1000 and later dropped to $200+ range. Can you categorically say that Monero is a pump and dump coin, because of the recent rally in price. I believe investors in BitBay will not mind pump in their token price to $1. People do not invest in project because of strong code, they do because of the profit potential.
Well actually the rise in Monero was because of pumpers. I'm sure if we asked around we could even figure out who pumped it. We can prove price doesnt rise because of tech based on the fact that Blackcoin had contracts years before ETH and Bitbay had markets yeahs before OB. We have the best tech here. The current price of Bitbay is almost an insult lol.
Ethereum may not be pumpers they might be theives. The DAO was completely wrong. ETH raised 20 million to code their client. They had no product was vaporware for a year and then they release buggy product with serious security holes and absolutely no user interface. Months later the UI was a joke.
Then by Vitaliks own admission, they dumped their premined coins on the market.
Then instead of coding, they try to be media darlings hyping up their product which bloats the blockchain with no prospective resolution. Plus, they overblow what contracts can do unlike DDE which has many real world applications. Of course DDE is only one type of contract but it's the most important.
Then they involve themselves in another crowdfund(when they should have been coding) which they didn't market and somehow got 100 million. It was obvious they bought their own DAO and refunded themselves (no different from our scandal but times 100)... so like 20 plus million wasn't enough for these greedy fellows they wanted more. If I had 40 mil I could build a frikkin UFO lol.
Then they audit the DAO, find a serious bug, and instead of TESTING the race to zero attack, they say "it's no big deal" and then allow the bug to happen. If that isn't an "inside job" then I don't know what is. They sold their coins pick them up for half and then dump again.
Then they violate all principalities and ethics of blockchain and reverse the transaction... causing a fork, screwing the community, and most importantly not taking responsibility for their actions.
I like Vitalik from our conversations and I hope he is innocent pawn. But the Ethereum team as a whole are theives... or at best completely irresponsible.