Ethos and the Genesis Wallet delay...
I fully expect a backlash from this musing, and, in fact, I welcome it;
I have given this topic deep consideration, and have spent most of the last 24 hours watching it unfold, and, from past experience in the Crypto environment - was expecting it to occur. These are my own ideas, and I truly welcome others to share theirs and in no way, other than an investor of $ and a shared vision am I affiliated with Ethos.
Process not a project..
It is easy to forget that Ethos is a process, not a project, and sometimes processes take longer than expected. The fact that so many ‘investors’ out there are complaining about the perceived delay in the release of the ‘Genesis’ wallet demonstrates more about the miscomprehension and attitude of some Crypto investors than any reflection on the Ethos Teams work and communication ethics.
I see the same thing across slack, reddit, twitter, FB etc. Any form of perceived delay yields the complaints from hoards of individuals, stomping their virtual feet like toddlers who were denied their 11 o’clock milk. I am sure we all agree, in communication, the brevity of language is important, one cannot deny that the choice of words is vital, and in order to be clear with each other, we try to express ourselves in shared terms and using a lexicon that is comprehensible by all of our audience. The issue comes with the second half of the deal, the listening and comprehension. Especially when money is involved..
Ethical Ethos..
The technology behind Ethos, the ideas and the delivery vision are all undeniable game changers - but once you amalgamate them, this triad of intellect, design and ethics will produce a world changing portal into a new philosophy of money and decency. Based on this granite foundation, the building of a whole new system and structure can be constructed, not just monetarily, but socially - think about it! The fundamental issues arise when understanding of this philosophy is misinterpreted as an opportunity for pure financial gain. I assert this works against preserving the sovereignty of the original idea and perverts the ability of the team to work within a bubble to create the best process they can. I am not in anyway denouncing anyone's option in a free market environment to capitalise on such an opportunity, and welcome it, however, I am suggesting that those with only that desire really ought to look deeper and comprehend the idea that there is something more important than financial gain at stake in this process.
Delivery, delays and downright debilitating greed...
I agree that there are many strong arguments against a company that fails to deliver only targeted promises and it is easy to be frustrated as an investor when you felt you were promised something and then it’s delivery delayed or fails to arrive at all. I remember the hype behind the Safex Wallet, and the subsequent backlash as delays to the release saw the price crash and burn - forums of angry wallet denied toddlers, screamed about the lack of their virtual milk. It is, however, equally as important to consider this via analogy;
Would you rather have a car delivered to your home, take it out for a drive to be left stranded in the middle of the desert due to an unforeseen technical issue? Nobody would want that car, the companies reputation would be damaged irreversibly, especially if the company had chosen a high-profile release. Whereas, to be patient and accept that there is a delay in delivery would yield a fully functioning car that would allow you to travel where you wanted and would maintain or increase the level of reputation that would see it change the world.
Imagine if the Ethos team had rushed to put out the wallet for the 31st of March, Q1 like the Chorus keeps crying? And it had been fraught with bugs.. It would have damaged the brand, then even from the ‘pure profit’ investor position, the argument falls apart. Prices would’ve tumbled. Hence, even if you are amongst those in it only for the money, it is in your interest to wait until a solid product comes to market, and it demonstrates that all those complaining about broken promises are not even capable of rational thought, and therefore their moaning should be guided to see the flaw in their position. For someone not to even know why they are complaining, and for their complaint to be counter intuitive and a non-rational position, deletes all validity from their contribution to a debate or argument. Everyone with an ounce of sense should encourage them to change their position and not to allow their complaints to toxify the positive environment the Ethos team has nurtured.
Please consider this; Look at this with me from the position that these wallets will be holding our potential futures, and it bolsters even more the position of the delay being a no-brainer.
My Crypto is part of my portfolio for my present, my retirement, part of my efforts to change the current structure of power in the world, part of my dream that we can all access fair amounts of resources in the world - and I do not want to lose it because we couldn’t wait a bit longer for a secure wallet. This position is foolish.
Change your mind, change their minds - it is an achievable goal!
I fully support the delays to craft something functioning, refined and more secure. It is a fool’s errand to demand expedience from that which, with slight delay can be so much more meaningful.
