Topic: [SWEET] NectarCoin | Crypto's Answer to Skype, Slack & more | Crowdsale Jan 12 (Read 104817 times)

They've commented on it:
https://twitter.com/NectarCoin/with_replies

"postponing the start of the crowdsale to at least January 19th until further notice"

(http://nectarcoin.com/crowdsale-update/)

Interesting to see if hear anything today 

k, i didn't think about checking their side, my bad

I emailed them (they respond pretty darn quick) -- they said they were postponing the crowdsale until conditions improve and that they're focused on broadening awareness in the meantime to improve odds of success. Seems wise if you look where things are with bitcoin and altcoins right now. Not a great market for a crowdsale, like someone else here said.

They also said they've been having issues with bitcointalk, which is why they haven't updated here, and that they'll continue to update through their website, coinblab, twitter and reddit.

nvm

Not that i am investing to crowd sale but what happened?

Project looks interesting.  There was a time when people would have jumped all over it.  But too many scams, too little trust, and too little investment in the alt-scene these days.  If you need 2800 BTC for this project, just put it on indefinite hold until market conditions improve.  No ICO has a chance in hell of raising those kinds of funds right now, unless it were Satoshi himself selling BTC 2.

Please read the [ANN] carefully - a whitepaper/roadmap is one of the milestones. As for the rest, we have to start somewhere - and a key point is to make things as concrete and non-abstract as we can at this stage to non-technical people. The key audience we want to address is non-technical users in and outside of crypto circles.

Also, you'll notice we did not describe your post as FUD and have repeatedly welcomed and addressed constructive criticism that is mutually respectful.

The cynicism comes from my common sense, I have masters in CS and this kind of talk does not work for me, I want technical details, whitepapers and pseudocode. Photoshops and optimistic projections just makes me suspicious.

If you can take the time to check my posts you'll notice that I'm not the kind of troll that just spreads FUD for the fun of it.

We're anxious to do just that - of course the very purpose of the crowdsale is to get the support needed to commit to this full-time to build out our vision, and do so expeditiously, or there'd be no reason for the crowdsale. We thank you for the kind words of support and the feedback.

Don't worry about the FUD. Keep on with your plans. You seem to have ambition, motivation and good, innovative ideas. Just try to show a bit more of your work, to convince people that your project is as promising as it seems to be. Good luck!

Thank you for your interest in NectarCoin. We realise there's a lot of cynicism across this forum, and it's justified after all that's happened on so many fronts over the past year. But what we've said here and elsewhere is hardly just marketing talk - we've offered a concrete outline (including a raw demo of our alert system) and a concrete plan to build something innovative that could really break the adoption barrier and in a way that shields coin buyers from both exchange and non-delivery risk. There would be no one-time, up-front release of escrow - we wouldn't get a dime until we deliver on each of the components.

As for the alert system, fortunately the reaction has been overwhelmingly positive (in fact, yours is the first negative feedback we've seen so far), and as we clearly say it's only a raw introductory demo as a preview to what we'd propose to build on a full-time basis if the market supports our concept.

Thank you again for your interest in NectarCoin - we welcome any specific, constructive feedback.


Thanks for your interest - feel free to let us know if you have any questions.

Why? It's all bla bla bla, nothing concrete, pure marketing talk, yet to see something technical/tangible. The alert 'system' looks like its made by some teenager.

Cool, I'm keeping an eye on this one.

Big updates are down below. We can now announce the following:



1) The crowdsale will be January 12 with Bittrex as the lead host (70% of the crowdsale distribution) and details close to being settled with two remaining hosts (30% of the crowdsale distribution)*.


2) The "R&D involving "undisclosed features" features referenced in the "open-ended" milestone involves work toward the development of decentralised, peer-to-peer "Slack.com" functionality and decentralised "Intrade"-like event-predictions markets. We will be updating the [ANN] shortly on the major significance of these features. In some sense, much of the functionality we've mentioned publicly has been about building critical mass toward these two major objectives, particularly the event-predictions market.

3) The crowdsale target is being raised to 2800BTC* based on several factors:

• We want the means to more quickly commit R&D to developing decentralised Slack.com-like business messaging functionality and decentralised Intrade-like event-prediction markets. We had budgeted from the start for preliminary R&D work on these fronts, but really feel it is important to make this a bigger and quicker priority as it dovetails so well with the overriding goal of encouraging mainstream adoption, and we believe accelerating trends in geopolitics and business make this imperative. There are significant technical challenges and uncertainties to be overcome on both fronts, but we will explain in greater detail why decentralised solutions are also vital on these two particular fronts, and will be increasingly be seen as vital (and valuable) by a lot more people over the coming year.
• As we've expected, BTC leadership edge is waning, but BTC's market value may be weakneing even faster than we anticipated. We feel we need to hedge for the possibility it will weaken further and possibly sink well to the $200's.
• Initial response to our first-wave marketing campaign (currently focused on prominent bitcoin holders and decision makers, and soon to be focused on altcoin news media) has been much more positive than anticipated (text is here: http://nectarcoin.com/wp-content/uploads/newsletter/nect.html). We're a bit more confident that the market seriously wants and might support professional, commercial-grade alternatives that are seriously focused on real mainstream adoption, as well as crowdsales carefully structured to ensure delivery on promises and limit exchange risk to coin buyers

4) A raw, online, partial demo of our alert system is available on an invite basis. If interested, please see the form here: http://nectarcoin.com/try-out-the-altcoin-alert/



Again, the [ANN] will soon be updated for all of these new developments, including details on how the crowdsale will be structured and more detail on the previously undisclosed functionality.

Looking ahead, we want to be clear: We don't and won't have all the answers. We don't have all the right answers. No one does. Not at the outset. But that is the beauty of crypto and decentralised systems. Wisdom can be found anywhere and everywhere and discovery opens the door to the surprises that come with true innovation. So, as always, we welcome constructive criticism, feedback, suggestions and your participation in what we all hope will be a breath of fresh air for crypto.

As we say in our open letter:


We welcome anyone of good will to join us as our marketing campaign moves into full swing.



Notes:
*still being settled, but we're close to wrapping
**subject to change based on market conditions

Thank you for your interest in NectarCoin. At this point, there is only the alert system demo (which we'll provide live front-end access to within a couple days - you can sign up for an invite here: http://nectarcoin.com/try-out-the-alert/), our concepts and our plans at this point.

Placeholder wallet code will be provided around the time of the crowdsale, but this project is presented as a crowdsale proposal to be funded and paid for on a multisig-escrow / payment-upon-milestone-delivery basis. Our position here would be one of a contracted service provider hired by those who buy into the crowdsale to build this all out on a full-time basis and paid in portions only upon delivery of each milestone (that's how we roll in the real world: http://proofofdev.com/sweet-nectarcoin/ - the code CryptoAsian references here is the alcoin alert system code).

Feel free to let us know if that remains unclear -- as we try to make this clear in the [ANN] and others have asked -- or let us know if you have any other questions
Happy new year!

Where is Nectarcoin Open-Source code ?

We just wanted to wish everyone a great holiday season and a Happy New Year -- we look forward to doing our part to help make it a better year for everyone.

Thank you for your interest in Nectar. We've developed the core of the alert system, which we reported on in the [ANN] (including YouTube video). Beyond that, we've been focused on trying to set up good conditions for a successful launch.

We're pretty clear in the [ANN] and in several posts that the very purpose of the crowdfund is to cover the cost of our full-time commitment to development, marketing, legal and other costs associated with building out a commercial grade platform. We will build what the market demonstrates it's ready and willing to pay for on a full time basis when it's clear to us the support is there. This would not be a part-time, low-commitment hobby project for us.

This project is presented to the community as a proposal to be funded - if it's escrow funded, we build it. And we don't get a dime from escrow until we hit each of the milestones.

Feel free to let us know if you have any other questions.

Do you have anything relevant to the development progress to post other than fancy photoshops?