On February 26, Substratum moved another 1,200 ETH to Kraken–most likely to liquidate into USD to cover operating expenses. ETH was worth ~$133 on the day of the transfer, which means Substratum’s 1,200 ETH liquidation was worth ~$159,600. Substratum made a similar transfer of 2,500 ETH (~287,000) earlier this year on January 25, 2019. My guess is Substratum liquidated 2,500 ETH in January in order to cover operating expenses for January and February, while the most recent 1,200 ETH liquidation will be used for expenses in March. These recent liquidations support the hypothesis that Substratum’s burn rate is ~$150,000, a figure which I first wrote about in August of last year after observing liquidation patterns in April and May.
No delay, no misses. Estimates are estimates, the more we know the more accurate they become. This has nothing to do with the skill or working hours. If you want me to post a fake deadline I’m not going to do it. We’ve never as a dev team stated anything regarding dates until we began in January offering show and tells. Everyone is an expert predicting when things can be done until they have to do it themselves. No over promises, we are just showing the data every week and will continue to do so. Some weeks we will have little movement, other weeks we will see massive increase in completed work. If you look at the past 3 weeks (16, 13, 18). It will fluctuate.
According to Substratum’s most recent “Show & Tell”, SubstratumNode’s V1 release is still 18 weeks away. Considering last week’s estimate was 13 weeks, it appears that Substratum’s estimations, along with everything else about the project, should be taken with a grain of salt.