Well, to be fair without Jonathan there would be no Reddcoin today, so we have to give him credit for that.
Now, for a blunt overview from my side? I’ll have to split it into several parts for simplicity and i’ll sum it up as much as possible.
He saw an opportunity to make a quick buck (Reddcoin - Reddit? How clever), or even better to make a Ð 2.0 with an actual chance to succeed (bear in mind that Redd-ID and Social X weren’t even an idea back then). IPCO started, and although not without problems it all went without serious issues. The coin was launched, and he didn’t run away with the money. Moreover the distribution model was pretty clever. So far so good.
“Promotion” started. Fake reddit subscribers were bought on a daily basis, same with twitter and FB. Remember BTCMillionaire and his “coming soon” professional-looking banners? Remember Reddki and his youtube videos (with paid for actors and atrezzo)? HYPE. All of that cost money, straight from the IPCO pot with one and only one intention: PUMP the price. But it wasn’t happening. @okie78 may want to add something in that regard.
Some passionate members (some of them aware of the heavy moderation/manipulation/censorship, some not) started to build an ecosystem around the coin. ReddAPI was launched (Remember Shane?) and along with that services started to appear. Things were looking good on the surface, but behind the curtains there was a struggle for power and control.
Laudney became the lead dev. POSv was promised and delivered, not without rather mediocre communication from the management team during all the time - not to mention the heavy moderation/censorship at reddit. With POSv things were looking better than ever, and there were brilliant things to come “soon” (What we now know as Social X and everything around it).
The battle for control intensified. Shane (ReddAPI), a very professional developer and an expert in payment systems
left was pretty much dismissed, causing a big turmoil. We got a glimpse of what was happening behind the scenes, and the sight was pretty nasty. We also were pressured to abandon Reddit “because of the trolls” (i.e. regular people who complained regardless if they’re right or wrong).
Communication and developement continued sporadically until last Christmas when it was made “official” that the roadmap would be fulfilled and the project was very much alive. But alas, price was slowly tanking and things only got even worse (if possible at that point). The management team (@Reddcoin & @Laudney) pretty much forgot about the coin and the community altogether until finally he remembered it was in charge of something called reddcoin and had the dignity to (at last) make official what we all already knew. Jonathan didn’t help much by expecting a miracle dev to appear, read his post and contact him via email - and work for free?
Jonathan is still doing nothing AFAIK but the community is trying to regroup and carry forth this ship, with the captain drunk 24/7 and unwilling to abandon the vessel when fully aware that there are officials that could do his job orders of magnitude better. This is where we stand now.
Obviously this only gives you a general idea, i’ve left out PLENTY of things (some on purpose, some not) and again this is HOW I’VE SEEN IT, not a fact.
And needless to say, i thank Jonathan and Laudney STRICTLY for the things they have done for the good of the PROJECT (not for the money) but that’s the further i’ll thank them. It goes without saying that without them both we wouldn’t be here, for the good or for the bad. But it also goes without saying that without the involvement of most of the other devs and their hard unpaid work this would have died long ago AND the thing that saddens me is that most of them (correct me if i’m wrong please) were mostly unaware of the totalitarian way Lauddcoin was running the project (i.e. i do as i please or else fuck off. And i will lie to you, a lot). And later on we “learned” (or rather they were forced to told us) about Reddcoin Ltd., a company that would have its income by selling software - who would have been the coder of said software it’s up to you to guess, but don’t forget about hoppi and the Social Wallet).
Pardon me if things got a bit mixed and i expressed myself poorly, i have a pretty nasty hangover (yay for holidays) but quite frankly until Jonathan speaks up i don’t want to waste my time any more than necessary.