Thanks for that info (in the longer post), and for your part in the team.
1. I am not a miner. I manage investments and funds (long career in that).
2. Distribution is everything (leading to adoption). I am not convinced that CGB has wide enough dispersal yet, but maybe I have insufficient information. Do you have any relative (to other coins) distribution figures ?
3. It's probably best not to rule anything out: that is just good politics... but I understand the need to set out a prospectus so that holders can make decisions based on certainties.
Thanks for your participation Majormax. I see what you are saying and I would love to see some distribution data on CGB and other coins. Unfortunately I don't have that but I have had a long standing request on our CGB community development and marketing strategy document requesting any such data from the community. I don't think its an easy task, but certainly the raw data is freely available.
I want to address the distribution issue by referring back to that document with a quote: One common misconception about Cryptogenic Bullion is that its shorter mining/inflation stage has not given a wide enough range of individuals the chance to participate as early adopters. We must appreciate that this deployment method was chosen to avoid the long period of inflation which increases the volatility and stagnates most other cryptocurrencies in use today. The CGB community has been very active making every effort to get the word out about CGB and make it available on multiple exchanges. What is not realized is that CGB is still in the early adoption phase but instead of mining coins, the low price is what now enables early adopters to participate in this opportunity. CGB is only just now beginning to realize its potential to the discerning investor.
I just want to say again that I really appreciate your input. In this case it's not the best time to even to entertain the idea while investors are feeling uncertain. We need to fall back on our fundamentals and show that we are the same strong CGB that has and always will be. We must understand that there are almost two separate realms at play here. One is CGB, the crypto-currency, which stands on its own merits as a pillar of strength. The other is CGB, the community, which can change and go through periods of upheaval, but can always rely on the core crypto-currency to remain unscathed by politics in its fundamentals.
Certainly there is always room for debate and I don't want to ever reject any reasoned discussion, but this is a very touchy point Thank you again for your thoughts and participation.
Leadership is essential to the success of any business, and that was clearly demonstrated yesterday. Instead of panic, elambert took the high road, found a new developer, and restored confidence to the community.
Thank you my friend.
Additionally I would like to mention that I have been away at a friends wedding this weekend. I think I have shown that I am dedicated despite hardships and can be counted on to make sure the interests of the community are attended to. I will let my actions speak for me.
Regarding this and Trevor's note I agree that we must step back and look at the responsibility distribution on the team. I personally feel that the team was too small and this caused a lot of friction. Merc has done us a favour by speaking his mind and backing it up with action. In my opinion, the collective response of the community as a whole has justified what he did (not how he did it). A major issue has been identified and that is that we were not putting in the resources as a community that this project deserves. Elambert is only one man and even with a brilliant dev and perhaps some marketing help, it can only go on that way for so long. No one can be blamed directly for this. Even as investors we all have the power to boost the return on investment by participating! This is just the beginning and I, for one, am grateful for the opportunity that's being presented here. We needed to shake off the old ways and this has been about the strongest catalyst one could ask for. I have been amazed at the community support that has been growing on Reddit. We have plenty of volunteers, and in one short month have turned CGB from a question mark to an exclamation mark. The vision is there, the opportunity is there, the people are rallying around CGB. We will quickly be putting this behind us, but will never forget the lessons learned.
-papersheepdog