Well, I have to say I’m saddened by this news, and a little shocked too at its suddenness, but not massively surprised. Saddened because so many great and talented people will be leaving - best of luck finding something new folks and please stay in touch. However, everyone knows that tech startups are high risk, and unfortunately crypto, which once seemed like a fantastic new way of funding a project, has become something of a millstone of late. The writing’s been on the wall for a while. I was one of those who thought that boosting the marketing side was a great idea and I do feel that the marketing folks have done a lot to raise the profile of the project, but in the midst of the crypto winter and with no final product to show off this was always going to be a tough call.
I guess this decentralisation thing is proving tougher to pull off than anyone knew, certainly it’s taken longer than anticipated, and with marketing timing is everything. Most other projects in this space are in the same boat of course - even some that raised gazillions in ICOs and don’t have the ‘Omni problem’ are stumbling over the many unknown unknowns (and some more predictable ones too), and traditional investors have become wary of anything associated with cryptos. But I continue to believe that MaidSafe has all the fundamentals in place, with a great vision, top people, a substantial codebase already in place, and of course the best community. With a little more time hopefully the engineers can get us to that to breakthrough moment, then it will be time to restart the promotional machine. Until that time, I’m sure we’ll all help out the best we can, and MaidSafe shouldn’t be afraid to ask.
I’m not sure I fully understand who/what goes and stays.
When you say product only team does this mean everything such at mobile browser and snapp will continue being worked on or is the focus solely on getting a live network before picking those up again.
Just a single CEO does that mean goodbye to folk like Dug and Nadia?
I don’t really know if it’s a good news. It’s looks like “the last chance” for me and I really hope you will be able to deliver. I am wondering how far is the launch from now.
I feel we are close but we are far at the same time. If it was close, then Maidsafe won’t need additional funds, so it’s far enough to require funding. From the “MaidSafe Loan Opportunity” post, I would like to know how much time the loaned amount will give to Maidsafe considering the new burning rate (which is if I understand lower than before).
Don’t see any negativity here, just trying to understand the situation.
It’s a year of runway after cost cuttings right? But how much time will the additional funding add? Maybe i did not get it sorry, will read the post again.
Stripping all costs except those necessary to deliver the network in a timely manner(which is how things should have ran from start till network delivery, but everyone makes mistakes). Running lean to stretch the money as far as it can go. If 2016/2017 was a crypto startup honeymoon, 2020 is a pivotal year I think for most projects because these are the years where many will die off and only those who have a product the world needs will stay and be relevant. Sights are set on launch now.
Noting reddit which I don’t use now, prompted me to wonder if the bitcointalk thread was still live… and it is. Potentially a big audience there, though it’s been 1year+ since I was there to know… and liable to be too many noob pump and dump types; still, perhaps there are some serious minds looking for opportunities?.. so, I posted
In 12 months time, everyone will be in a better place to make a call on failure or success. But by then I expect we will either be celebrating or that close we will be able to smell the water.
My punt is Success but I’m an optimist
Yes but David also mentioned that they might have more engineers. So the burn rate might increase? How many people are working currently on the development? £60k/month is maybe the burn rate without the salaries? Sorry maybe it’s a stupid question.
for all the kids that will be without a job (good that some will keep working on the project) Maidsafe staff should always have a job (this project is that game changing).
Just keep your focus super ants, you’ve become extremely efficient at solving this puzzle. Love this community and it’s determination to see this project launch, hang in there ant family.
Yes everything in Engineering still goes, but pretty much that is a sole focus now. I don’t want to have any other distractions apart from products, right until we launch the network, even in Beta.
for all the kids that will be without a job (good that some will keep working on the project) Maidsafe staff should always have a job (this project is that game changing).