Is anyone concerned about the dev team biting off more than they can chew? Alqo is an ambitious project by itself and now they are adding an exchange project on top of that. One that will start as a crypto exchange but then will handle fiat as well.
This is a huge commitment. They are implementing a dev fee in the block reward and hiring more devs but I don't think that is enough for them to continue improving Alqo at the current pace. I think Alqo will have a much slower development now, if it continues at all. Circle purchasing Poloniex showed how valuable exchanges are and Poloniex was only a crypto exchange and did not handle fiat. There is much more money to be made in Bitfineon than there is in Alqo and that worries me for the future of this project.
This is a huge commitment. They are implementing a dev fee in the block reward and hiring more devs but I don't think that is enough for them to continue improving Alqo at the current pace. I think Alqo will have a much slower development now, if it continues at all. Circle purchasing Poloniex showed how valuable exchanges are and Poloniex was only a crypto exchange and did not handle fiat. There is much more money to be made in Bitfineon than there is in Alqo and that worries me for the future of this project.
Well we all have seen a tremendous commitment of the team in the past couple of months. They literally worked their asses off to get this project running. Now they are going towards the mentioned exchange step they've spoken about a lot of times.
With the dev fee and more development capacity (and addtl. staff too) they will be able to get much more done than before. I dont know why are you thinking they will stop the development of the coin?
It has been always said that once there is a solid coin network built there will be not a top notch development with patents and so on.
It was always communicated that once this has been built the team will strive for creating use cases for the coin as this is the next logical step apart from being a top notch development coin with a lot more potential and growth opportunities.
Will they make money with bitfineon - sure they will and I hope they will drown in it! This ensures that they will continue following their hearts which are certainly bumping all for ALQO and the whole ecosystem. Following a vision is a lot easier if you have no personal money boundaries.
As I noticed during the night, a decision about ICO has been made, and the team decided not to organize an ICO.