Alistar: The only question and it’s asked because everyone wants to know and like it’s not a criticism of the communication, you’re off doing work and building the product. I think the observations made and I think potentially individuals making those have not reached out to you directly or if they have I am unaware of it. Is there anything you wanted to touch on with regards to some of the negative commentary that’s out there? David I mean if you feel like not answering about it it’s ok but we’re giving you the opportunity to do so.

David: I will talk about it okay, two things. One…doing a blockchain project its a new form of entity, but in real world legislation we call it a foundation, even if it’s a foundation it’s similar to how your operate a tech startup ok so there will be changes to the human resources to optimize the development. So if I explain that a little bit here, so basically we’re expanding the core development team who are actually developing, who are actually blockchain developers, we do eliminate unessential personals for two reasons. One is that I had to explain this as people ask, one is that people who build their expectations for a blockchain company in a bull market cannot be contained in a bearish market.

Okay you can you can turn that word and you think about yourself what I’m talking about, second thing, so basically you know this is a bearish market so we have to save the budget it’s very valuable provided by the community and to to let’s say focus on the actual development of the protocol instead of many other unnecessary things. So I’m not just cutting let’s say PR people, I’m also for example like at the beginning of this week I should be in London for another conference and but we decided it’s unnecessary at this time so we cancelled it. It is for this very reason, this if for the sustainable development of this project so we should use the spending money wisely second thing, let’s just say these people questioning or having negative comments are not entirely acting this out of this belief or a misunderstanding of our decisions, but mostly because of the price.

I’m not shy to talk about the price at the moment, so you guys if you look at it carefully if you remember the opening price of TNC is actually 0.06 dollars 6 cents, so if you judge by that price we are actually below that price already, but if you judge by the opening price in Neo or Ether we’re actually still 6.5 times more in Neo or 1.5 times more in Ether so actually we are still a profit by the opening price. It means you can earn more Ether back or more Neo back, yeah so that that’s the situation.

Let’s say the whole market is going down and for many other reasons like a look at general picture of the market cycle or you look at the macroeconomic factors so I hope that people can look at these things more reasonably. As I said always if you happen to have time you can come and visit us and you don’t have to worry for the development of this project but the wise thing, the most wise thing to do in this kind of market is not to waste your efforts on PR because it’s not going to work and people will have to, if people really have confidence in the project you can wait and you know stay. You are especially most welcomed in trying to join in somehow with the technology, you have to have passive participation, so I would like to reward people who set up these nodes.

But I would be very, let’s say responsible to you guys, I have to let you know that I think this bearish market will continue for a considerable amount of time, maybe more than half a year maybe more than a year, yes bearish market so if you cannot or is not willing to stay that long I suggest that you can make decisions accordingly because you have a life to live, this is very important so I’m just saying here okay so I hope that people can act accordingly.

Alistair: I think it’s no different from what you mentioned all the way through even from the start, David you talked initially that the technology being built was far more important than any artificial hype or price inflation and unfortunately some of that came to the project not by your hand but it came inside that initial bull market. The biggest thing that always strikes me and we’ve had this discussion before is you mentioned about a correct valuation of a crypto asset especially something like Trinity price action, if that’s what people are after it will come with adoption.

David: Let’s just say if you participated in the contribution campaign I have a responsibility for you okay, but…let’s say you bought some TNC on the exchange, that action doesn’t make me profits I have to say and that’s one thing and I’m not saying I’m turning you away, but if you only do that and do not participate let’s just say it’s not so right because this is a very risky, let’s say investment. If you think of it that way, okay very risky because let’s just say how many of you watching this have your cryptocurrencies stored in your own wallets instead of on exchange, if you store them on your exchange nothing is going to happen for the utilization because you cannot use it in the exchange.

This is the limit the US community is facing right now pretty hard right there, the voting turnout is quite low because the majority of these people keep their US on the exchange so they can sell it anytime okay and that’s also a brutal truth with most 85% tokens. If you think about it I’m not implying anything but think about this majority 90% 95% of the tokens are stored on exchange so from external views they look like the same, you don’t know these people when they keep their tokens on exchange they’re going to dump it or they are just keeping it there because they are not familiar with wallets so that causes a lot of trouble for the marketing analysis. Yeah so I mean I’m just saying I’m not implying anything but that’s a thing.