Firstly, we are here for the long run and you won't see any lambo, or buy signals from the core team. We intend to be compliant with all upcoming rules and regulations on crypto and securities. In fact, we see the foundation as a software company. We build and maintain the software which is used to run the decentralised blockchain and all its features. The foundation sells nothing, and has nothing to do with the exchange activities.
As i mentioned, the Foundation is not driven by the price on the exchanges, but building great software to encourage the adoption of decentralised blockchain technology. Our approach is more than many platform coins in so much as we aren’t looking for projects to land on our chain, fire up a token an generate business for themselves..... what we are doing is using the value transfer (bitcoin) capabilities of the blockchain to drive very broad (horizontal) adoption in both commercial and private use. This is what the POMA programme is about.
As we grow the basic adoption of an easy to use technology with the desktop and soon to arrive mobile wallets, we then have a community of platform users who can start to use the blockchain for other things. These things will use daps, smart contracts and other technologies to provide richer and more disruptive (vertical) solutions.
Why are we taking this approach ?
Speed, pace and relevance. What we observed is a lot of great platform blockchains growing, which then host projects which seem to be expected to bring their own user base. The projects don't seem to connect with the users of the blockchains...... which confuses us. A blockchain is not like a cloud computing platform, its a community that chose to use a decentralised value transfer platform which can deliver decentralised applications (relevant to their worlds)
What is holding us back ?
This is a personal view, and not the official line. At the moment, we need to regroup and focus on features and growth. We (the core team) need to consider the bigger picture with a complete economic model of growth and adoption and get building. We do have full time developers in the team, and POMA has been in development for a long time, so the challenge is keeping this relevant and establishing the campaigns.
Are there any blockers. Right now, i don't think so. Look how far we've come since we started in September. I think the single biggest issue is an industry one, and its the arrival of likely regulation. We take the recent SEC rulings very seriously, and so do the exchanges that make an important part of the eco-system. This means the community needs to behave in an exemplary manner for us to get listed. The exchanges we have applied to are watching, and completing their due diligence and decisions based on our innovation/projects, our likely growth, the health of our coin (stable and non-pumped) and quality/participation of the community in achieving our stated goal of mass adoption of blockchain.
What are the primary risks ? personally: 1. We support good regulation, but not regulation that hampers decentralised blockchain. 2. Dominance of bitcoin and its politics. For me, this casts a shadow across our industry. Bitcoin has no roadmap, no strategy and no architectural consensus. I mean, they still haven't truly deployed satoshi's original white paper. The constant infighting and technical politics is destroying value, destroying the environment and making fools of us. As an alt-coin, the impact of bitcoin is that it destabilises the adoption of alternative and better technologies, whilst people look for free money and move in/out of it. 3. Time and workload. You will see a lot from this team, more than its size suggests. We have and use an extensive network of friends and dev teams, but whatever we do you guys will want it last week, and if we slip by a few days we know you will be upset. But, this is software development and we are a software delivery team. It is what it is, and it takes as long as it takes. Quality is everything!
Finally, and everyone asks this. The devs are a team. We are going nowhere except here. Yes its been a bumpy ride, but we've stuck it out and are pleased to have develop a reputation for honesty, transparency and persistence. We like this community, we like the arguments, we like the trolls and we like learning together.
Yes we do help our friends in other projects, but they have helped us. Its the way it all works. 2018 will be an interesting year for blockchain, we can do some cool stuff, and make decentralisation start to happen like we promised. Lets have some fun and change things.