[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[neleonele]

We’ve invested various amounts of time, energy and money into Octocoin, based on claims from the developers.

It’s been eleven days since we were told the first app was expected to be released, and no app has been launched, and no news has come from the devs.

Must they tell us why nothing’s been released? No. No one can make them.

But I think the developers have a moral obligation to be more upfront about what’s going on.

 

[syncsam]

Bholzer has links to the team, any chance you could get a msg to them and ask for a quick update, just so we know whats going on

[djslick]

yeah, it's closing in on one month since last contact with the devs.

however.

the end of august for service/product launches has been a long-established goal.

the last update seemed to be an overly optimistic assessment of one particular service, the real promise if you parse through their posts has been end of august, 2 products launched, possibly a third.

however they have been very open as to the beta nature of pregreSQL or whatever that program's called, it's a new version, and their investors might want them to not launch anything like a "beta", even though it could work %100. other posters have said that it looks like the pregreSQL or whatever will be out of beta around september, in which case multiple products or services could be lined up for a simultaneous release

[syncsam]

I know some of you have been hiring equipment to mine octocoin, gaw now sells cloud mining for $16 mh/s http://gawminers.com/pages/hashlet

<edit> I bought one to see what it is like and you can only mine multi pools, can't set you own pool at this stage

[swainzag]

Anyone still playing OctoChance? http://octo-chance.fedaykin.us:3000/ 

Still nearly 2 weeks left in August, let's not lose hope now!

[thenotfatguy]

Anyone still playing OctoChance? http://octo-chance.fedaykin.us:3000/ 

Still nearly 2 weeks left in August, let's not lose hope now!

Hope is definitely not lost on my end, although I cannot speak for the community as a whole.

OctoCoin has been and still very much is like a story waiting to be told. Jumping ship before anything has really begun is silly. I do understand the frustration in the deadlines which are now much overdue, and must admit that at one point or another I did let the uncertainty get to me, but it just wouldn't be right for me to leave this great community here and honestly the limited communication with the devs along with bholzer's reassurance intrigues me to ride this out till the end (as was originally planned). It takes a tremendous amount of faith in those behind this project to continue holding and investing more, but it is those that take the greatest risks that also receive the greatest rewards.

In other news, OctoCoin is hitting a high in 24hr volume today over the past month or so, which definitely shows promise, whether it be someone picking up cheap Octos, or someone with more than a hunch strategically buying in anticipation of something to come...

[karkkis]

My biggest fear for this project is the external funding...or the so called "investors"..

- I believe they represent the "old" money...you know.. people with capital acquired from oldskool investing and business, and are playing the venture capitalists/business angels now in the bitcoin world, because they read about it in Financial Times once.
 
- Maybe they have accidentally ventured into some altcoin threads here, witnessed the fud, swearwords, bad behaviour, pumps'n'dumps and who knows what rotten happens inside this little circle, got scared, and decided to pull the plug altogether.... they don't want to be associated with this shitcoin scamworld, or simply don't want to be mt.Goxed.... So they pull out the funding and re-invest in silver and shares of coca-cola....  yikes

- If that happens, or happened, the devs would simply vanish onto some other things....greener pastures here and there. who knows..

- Anyways... I'm still 100% in, because I want to know how this story's next chapter is written.

Cu.

[madmartyk]

I totally agree, look at SysCoin, 1500 BTC ICO, the FUD there has been awful.  If I was a newbie interested in crypto and saw the crap there, I would go back to penny stocks in a heartbeat.

[cryptoxx]

We’ve invested various amounts of time, energy and money into Octocoin, based on claims from the developers.

It’s been eleven days since we were told the first app was expected to be released, and no app has been launched, and no news has come from the devs.

Must they tell us why nothing’s been released? No. No one can make them.

But I think the developers have a moral obligation to be more upfront about what’s going on.

I agree.

The developers are treating this great community like crap.

[frameLAlife]

I'm still hanging around. The news has been dead lately but I'm still holding and buying. I think we will hear from the devs before the end of the month. Who knows what issues they have had and Bholzer did let us know what he heard on the conference call.

Since this coin launched we have had a history of the devs disappearing. It's annoying but it's not surprising. It's just part of it. They release news when they feel like it and i can deal with that.

I am actually surprised that the price range of Octo has stayed within the normal fluctuation with Bitcoin and most alts being down...

Well I will keep an eye here and hope we get some good news soon. We have stalled on the tshirt plans for now. We were having an issue with our screen printer and since the board and coin are kind of in an interim news period we will wait until it picks up some steam to get back to the tees.

 

[syncsam]

It unfortunately doesn't show any professionalism, if you come out with a date, Aug 1st, and you can't make that date, a quick msg saying its will be 2/3/4/5/6 weeks away is what they should have done, its only takes a minute

<edit> it would also put the entire community at ease, not feeling like we being ignored or god forbid the other situation I won't mention

[th0ms0n]

We’ve invested various amounts of time, energy and money into Octocoin, based on claims from the developers.

It’s been eleven days since we were told the first app was expected to be released, and no app has been launched, and no news has come from the devs.

Must they tell us why nothing’s been released? No. No one can make them.

But I think the developers have a moral obligation to be more upfront about what’s going on.

I agree.

The developers are treating this great community like crap.

they are not, some day you'll understand.. just relax

[karkkis]

Agreed.

Let's not start to sound like a bunch of whining kids! 

Part of the parcel and appeal of Octocoin are the mysterious devs, who disappear and re-appear at strange intervalls...

[octoman]

So still no sign of the bearded ladies?

[frameLAlife]

I just ate lunch and i'm about stuffed as an octopus.

[joshycoin]

People hear what they want to hear... Including myself. Everyone is hung up on the August 1st thing. I was too until Frame reminded me (and showed me the old post) that August first was a hope of theirs. The REAL time table for the App(s) was the end of August. So... having said that... this "lack of news" since they "didn't deliver on the 1st" doesn't actually exist. Now, I have said 1,000 times, "Why can't they just pop in real quick and give us a small update?". Work just ended for me for the day but I am making time to post this, so why can't they? However, I think everyone is getting overly excited over a misread.

My point is this: Be patient, it will happen. Bholzer gave us some news and he hasn't proven to be untrustworthy, so we just need to be happy with that. Until then, lets smile and count our coins like Scrooge McDuck. If August comes and goes without at least a small update... THEN we can riot lol jk (sort of).

[octoman]

People hear what they want to hear... Including myself. Everyone is hung up on the August 1st thing. I was too until Frame reminded me (and showed me the old post) that August first was a hope of theirs. The REAL time table for the App(s) was the end of August. So... having said that... this "lack of news" since they "didn't deliver on the 1st" doesn't actually exist. Now, I have said 1,000 times, "Why can't they just pop in real quick and give us a small update?". Work just ended for me for the day but I am making time to post this, so why can't they? However, I think everyone is getting overly excited over a misread.

My point is this: Be patient, it will happen. Bholzer gave us some news and he hasn't proven to be untrustworthy, so we just need to be happy with that. Until then, lets smile and count our coins like Scrooge McDuck. If August comes and goes without at least a small update... THEN we can riot lol jk (sort of).

I say NAIL THEM UP!! NAIL SOME SENSE INTO THEM!!

[BeardedCouncil]

We have a couple of pictures of our last prototype glass before we start taking orders. It's 3am here and I need to sleep now but I'll update tomorrow.

[crunner]

I have no knowledge of the status of any of the initiatives hinted at by the developers in previous posts, but it's not useful to accuse them of treating the Octo community badly simply because they're not posting updates.

Updates - even short ones - move the market. Up, down, sideways, whatever. Complaining that the developers are somehow demonstrating insufficient respect for the community is roughly akin to demanding inside information from a company you hold stock in and complaining when they refuse. There's a reason it's illegal for company executives to trade on the knowledge of what's going on inside their organization - they could fleece shareholders. In the 'real' world the release of information that could affect the value of a publicly held security is highly regulated. NO such regulations exist in the crypto-currency world. That's why pump and dump schemes flourish - anybody can say anything they want.

There is no way the Octo developers are unaware of the rising levels of dismay being expressed on this forum/thread. They know. They are actively choosing to remain silent. You could take it as a sign of disrespect, but it's just as likely - possibly more so - that it's a sign of control and maturity.  Maybe, as I said in an earlier post, they want to improve their holdings before making an announcement they expect to affect the price. Maybe the projects aren't ready. Maybe there's a relationship with an exchange, financial institution, or other partner that is still being negotiated. I don't know.

It's possible, of course, that they've decided to abandon Octocoin for some reason. But I imagine we'd see some evidence of that in the market. I don't. I'm no expert, but there just doesn't seem to be the volume to support that.

Whatever their next move is, we don't need it quick. We need it right.

[shellbunner]

There is no way the Octo developers are unaware of the rising levels of dismay being expressed on this forum/thread. They know. They are actively choosing to remain silent. You could take it as a sign of disrespect, but it's just as likely - possibly more so - that it's a sign of control and maturity.  
Whatever their next move is, we don't need it quick. We need it right.

+888

Stocked up on a fat chunk of Octo and patiently waiting for an update.