Thank you for your constructive comments.
In defense of the team, I really don’t feel we have not listened to anyone. We’ve been willing to listen to everyone but have banned one user who would not stop casting aspersions which does no good for anyone and ends up bringing the overall tone and vibe of the community down.
I take your points to heart and am happy to discuss them further with the rest of the team, to revisit any other possible ways of going about getting the required amount of capital.
The issue all along has been a catch 22 of sorts. We’re damned if we do and we’re damned if we don’t.
If we can’t get enough capital to focus on building the brand, which will include people working full time on it, then we won’t be able to promote and manage it enough to actually get off the ground.
As mentioned in a number of documents you’ve likely read, we’re not willing to quit our jobs if there is not enough capital to secure employment for a minimum of three year. Most of us have built up careers and are not willing to walk away from those without security and assurance.
If we were to only collect half the projected capital, enough for 1.5 years, we’d have to continue working on the project in our spare time and where possible. Sure, we’d have 1.5 year’s worth of capital and would be able to set about with marketing campaigns, etc but only when and where possible.
You need to keep in mind that:
a) we’re not looking to simply release yet another currency used primarily to trade for short-term gain, we’re looking to create a business that just happens to have a currency, as well.
If all we were interested in, was to fix Sprouts total supply and reward, we could do that with a relative of ease but then we’d just be another coin in the market of 1,186, with a bad history and no real prospects for advancement.
b) Our aim is to create an organisation with global reach, a business with dedicated resources.
You can’t create a business without capital, enough to facilitate whatever needs to happen to make it succeed.
I used an analogy in a previous post which was, asking us to reduce the 24% premine is like an investor who wants a building to be built, telling the builders they have to build it with less money than is required.
Simply put, the building will not get completed, or it will, but will later fall apart due to poor design and bad material choices due to forced cost restraints.
Everything we have done so far has taken much longer than would have been the case had we been working full time on it. We currently have to keep each other motivated and focused because this is added work and stress for people who already have jobs, businesses and other stresses.
In order for Sprouts+ to gain and become a global player, we have no choice but to put in 100% of everything. It will not work otherwise for one simple reason… There are loads of other companies out there focusing on the crypto market and they have dedicated time, capital and employees.
We cannot compete with that unless we are on a level playing field.
Asking us to cut down the 24% is asking us to fail, or at least to multiply the difficulty to such a degree that we have a hard time keeping the development team engaged for long enough to see any success.
If we felt we could pull this off with 12% capital rather than 24%, that’s the number we would have chosen to begin with.
As I’ve mentioned before, I personally work seven days a week and adding Sprouts to my list of existing responsibilities has left me with a couple of hours a week to watch a movie on a Saturday night with my wife, and that’s it.
I personally can’t keep this up for the long term if I cannot break free from a number of my other responsibilities and I would imagine others in the team feel the same.
By all means, keep thinking about the problem and keep coming up with ideas. If someone has a way for this to work with less capital, we’re completely open to it. You need to be mindful though of our goals and existing lives outside of the Sprouts / Sprouts+ community.
In other words, it has to be fair and sustainable, financially, mentally and physically.
I’d like to oppose your view that trust is earned through compromise, or in part at least. Trust is earned through integrity and sincerity.
With your logic, a scammer could easily earn your trust simply by compromising with you to take a lesser amount of your money. If, for example we were scammers, we could have said we need 40% premine knowing the community would never go for it. Then begins the compromise and we eventually get to the real figure we were looking for, which is 12%.
In reality though, we’ve run calculations for how much it will cost to build this organisation and 24% is what we came up with. We were liberal with that figure so as not to get stuck with unforeseen circumstances.
No one really ‘trusts’ anyone across the Internet, you’d be a fool if you did. The crypto market just like the majority of other markets, comes with a degree of risk.
Have we acted with integrity and sincerity to date?
I believe we have.
Have we made mistakes along the way that have raised questions and concerns, especially relating to the premine?
Are we learning from these mistakes?
Are we guaranteed to succeed with Sprouts+?
Not at all. It’s going to be a big challenge from the start and will require loads of dedication, passion, time, effort and lots of capital.
The challenge and pressure though, will be many times greater and investors will be at a much greater risk of losing their investment, if we run out of funds before before reaching a successful outcome.