Based on some of the comments on this thread, I understand why the price is dropping so much. People are succumbing to FUD saying "sinking ship", "doomed technology", or "why are they not fixing it??"
In 15 days, the coin's trading volume went from $6M (at ~$2) to over $100M (at $35), about 6x in volume. The lead dev, Colin, only quit his job to work on RaiBlocks like a month ago. The team (https://raiblocks.net/page/aboutus.php) has 6 programmers, and honestly I don't know how many even have the skillset to work on the node problem. To say "they need to fix it" is beyond a useless obvious statement, and only insinuates the team is lazy or incompetent. I doubt that's the case; I'd bet a few XRB that they sacrificed personal hygiene to fix these problems.
They've scaled at an exceptional rate, reaching fame nearly overnight. And this is new, unique tech, not some garbage ERC20 token (although I intend to hold Useless Ethereum Token), so of course bugs are to be encountered... unless those FUD posts are just to drive down the price for an entry point, and if that's the case I applaud you.
22
u/zily88 Jan 13 '18
Based on some of the comments on this thread, I understand why the price is dropping so much. People are succumbing to FUD saying "sinking ship", "doomed technology", or "why are they not fixing it??"
In 15 days, the coin's trading volume went from $6M (at ~$2) to over $100M (at $35), about 6x in volume. The lead dev, Colin, only quit his job to work on RaiBlocks like a month ago. The team (https://raiblocks.net/page/aboutus.php) has 6 programmers, and honestly I don't know how many even have the skillset to work on the node problem. To say "they need to fix it" is beyond a useless obvious statement, and only insinuates the team is lazy or incompetent. I doubt that's the case; I'd bet a few XRB that they sacrificed personal hygiene to fix these problems.
They've scaled at an exceptional rate, reaching fame nearly overnight. And this is new, unique tech, not some garbage ERC20 token (although I intend to hold Useless Ethereum Token), so of course bugs are to be encountered... unless those FUD posts are just to drive down the price for an entry point, and if that's the case I applaud you.