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Topic: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread - page 8. (Read 60916 times)

newbie
Activity: 66
Merit: 0
It looks as though the launch process for Ethereum will come in phases, "Frontier, Homestead, Metroplis" .....

Gupta has made it clear that non-tech should avoid the Frontier phase and not bother moving Ethers around ....

.... I have decided to buy more Ethers through the escrow process here on this thread.

.... I have also bought some on Bittrix ...... ETC

... I also have genesis block Ethers ...

.... but it looks like it will be months before non-developer types want to be moving Ethers around until the get out of phased post beta

... here is a latest release update

....  https://blog.ethereum.org/2015/03/03/ethereum-launch-process/


.... looks like  i will be a "Metroplis" type .....
newbie
Activity: 66
Merit: 0
Thanks. As far as I can tell .... ETC is doing the same thing Maidsafe is doing for Safecoin.

Its the same idea.

Maidsafe coin will be converted over to Safecoin whenever Maidsafe finishes getting their network completed. (April ? ... maybe)
member
Activity: 72
Merit: 10
How will ETC be affected by the hardfork bomb which will hyperinflate Ethers as incentive for everyone to switch over to POS?

http://www.reddit.com/r/ethereum/comments/2w08qk/progress_on_the_bomb/

Will we get our extra ETC in a way so that we can enjoy the same ETHER expansion as crowd funding purchasers?



ETC will be fully redeemed long before this happens.  According to Ethereum it will probably take a year to swtich to POS.   You'll have to go to the ethereum forums or reddit for more into on how the switch from PoW to POS will work.
member
Activity: 72
Merit: 10
Sent a PM regarding buying with escrow, but received no reply?

Sorry must have missed it. Please check your PM.
full member
Activity: 189
Merit: 100
Sent a PM regarding buying with escrow, but received no reply?
newbie
Activity: 66
Merit: 0
How will ETC be affected by the hardfork bomb which will hyperinflate Ethers as incentive for everyone to switch over to POS?

http://www.reddit.com/r/ethereum/comments/2w08qk/progress_on_the_bomb/

Will we get our extra ETC in a way so that we can enjoy the same ETHER expansion as crowd funding purchasers?



newbie
Activity: 66
Merit: 0
Thanks, That's good to know. ( I hope all know this on Bittrix know this as well). Perhaps you will have a warning on Bittrix that trading will shut down on a particular day to alert the wandering trader and THEN allow people plenty of time to redeem after trading discontinues on Bittrix.

Once trading ends on Bittrix you should give folks at least 30 days IMO. 

You are going to great lengths to aid price discovery.

I would imagine that once a deadline is set on Bittrix we should see the price then begin to correspond with "EtherEX" - decentralized exchange ..

here is a link to EtherEX ... https://www.youtube.com/watch?v=zbnCYDoupfQ&feature=youtu.be

... I would imagine that you want the other exchanges to mature enough so you can transition out of ETC in a stable way.

... I was a bit hard on you when I said, this is a poorly conceived idea ..... its novel actually ....

... your effort are too immaculately deliberate to be a scam IMO ....
member
Activity: 72
Merit: 10
Quote
Apparently, once the genesis block is released ETC can be redeemed for 30 days.

The redemption period is a minimum of 30 days from the genesis block. It may be longer. We will give all ETC holders ample time to redeem their holdings.
newbie
Activity: 66
Merit: 0
A window of time will open where we can CONFIRM whether or not ETC is for real.

Once the genesis block is released people can then confirm whether ETC rewards 1 for 1.

Apparently, once the genesis block is released ETC can be redeemed for 30 days. During this 30 day window ( a strange constriction IMO)

So buy a few and find out.

I believe this ETC is a poorly conceived idea; however, ETC will open a captive window for a time and will allow some to get ETC at a potentially lower price IF Ethereum takes off early.

Ethereum throws a lot of folks with the language of "contracts" and so it may be received cooly at first and you may be well to wait and avoid ETC altogether and just wait and buy Ethers from others.

But, make no mistake. ETC may well give a few an opportunity to get some Ethers at hindsight as a lower price.

I remember all the naysayers out there how they would never participate in the crowd funding offer because the developers offered no guarantees.

But now, as it looks, Ethereum launch appears as though it will work and will generate a lot of excitement.

So, think about these things.       
hero member
Activity: 700
Merit: 500
★ IT's Party Time! ★
Are there really any substantive guarantees that 1 ethercoin will get you 1 ethereum??

Are you blind? Of course no
legendary
Activity: 1639
Merit: 1006
Are there really any substantive guarantees that 1 ethercoin will get you 1 ethereum??
sr. member
Activity: 1036
Merit: 275
22 K Ethereum ... I bought them last summer.... (30 cents each)

I bought 1K ETC on Bittrix ....(about 1 dollar each)



This is too much difference in the price.
member
Activity: 72
Merit: 10
Just an update that we are accepting Escrow purchases through bitrated.com.  The minimum purchase is 5BTC worth of Ether.  If you are interested please send us a PM.  Escrow purchases do not require the purchaser to hold Ethercoins, and can be settled in Ether directly upon release of the Ethereum genesis block.
newbie
Activity: 66
Merit: 0
22 K Ethereum ... I bought them last summer.... (30 cents each)

I bought 1K ETC on Bittrix ....(about 1 dollar each)

hero member
Activity: 784
Merit: 1000
I paid 30 cents piece.

Near the end of the offerring they had gone up to about 45 cents a piece.

I bought them at the very beginning.

22k of Ethercoin or Ethereum?
newbie
Activity: 66
Merit: 0
I paid 30 cents piece.

Near the end of the offerring they had gone up to about 45 cents a piece.

I bought them at the very beginning.
hero member
Activity: 784
Merit: 1000
Sure,

this would be expected ( I own 23K ethers) 1K from buying on ETC and 22K from the initial offering

I have an interest in seeing its success ... but 1K in the face of 22K .... well ... I am bullish obviously long term ...my Buterern be safe God rest his soul

... I am bullish...

... I AM DAM BULLISH etc AS WELL ... I am long 22k genisis block
 


how much did you paid for those 22k?
newbie
Activity: 66
Merit: 0
Sure,

this would be expected ( I own 23K ethers) 1K from buying on ETC and 22K from the initial offering

I have an interest in seeing its success ... but 1K in the face of 22K .... well ... I am bullish obviously long term ...my Buterern be safe God rest his soul

... I am bullish...

... I AM DAM BULLISH etc AS WELL ... I am long 22k genisis block
 

hero member
Activity: 784
Merit: 1000
I see the risk. Yes it is a risk.

Those who buy now and take that risk might be rewarded for that risk once Ethereum goes live and there is no other place to purchase it in the short run.

As those who decide to convert over to Ethereum and it proves to be for real ... then .... the price will respond.

...

there will be plenty of Ethereum .... but not necessarily right away .......

... it is a new approach ... novel ...

... we will see

I wonder how many coins did they sold... if they still have most of the total amount, they will play the market...
newbie
Activity: 66
Merit: 0
I see the risk. Yes it is a risk.

Those who buy now and take that risk might be rewarded for that risk once Ethereum goes live and there is no other place to purchase it in the short run.

As those who decide to convert over to Ethereum and it proves to be for real ... then .... the price will respond.

...

there will be plenty of Ethereum .... but not necessarily right away .......

... it is a new approach ... novel ...

... we will see
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