Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 115. (Read 840344 times)

Anyone an idea who put all the big buywalls yesterday. Knowing who did that is valuable information.
Actually it was difficult to figure out, if the group that did the buywalls, eventually bought or sold EAC.
Anyone an idea?

I am still reading posts hwere people are talking about the fleeying devs and their premines. It looks like many around here still think or know for a fact (which looks not so probable to me) that the devs still have their premine.
I mean, when you are a dev, planning to make a quick buck and not willing to support the coin properly, what are you gonna do?
1. Dump quick for a nice price or
2. keep until it is wothless.

I can't really believe the devs have any EAC left in their wallets.

Yes thanks 1kb!  Yes I am frustrated too.    Just have to keep building and growing.  I KNOW for a fact no one I know from the Dev side has dumped any including me.  I have only bought and held.  Its a multi-year project for me.  But things that are not explainable require a villain and so I understand the instinct.  If I wagered a guess I would say there are many-a-miner who have that capability and motive to dump, not anyone who has been involved in the creation of EAC.  Miner's have bills to pay and could care less, it is a function of math for them and I understand that too.  Now if you have a collective of miners who have a greater goal, that is where value can be created.  But that is up to fate and time.

if one looks at coin market cap, about a week ago EAC looked as if it were about to go over $1 million in market cap, as it sits right now @$526,246, it looks to me as if someone/everyone dumped & cashed out 1/2 the value in the last week or so NOT. I seem to remember someone I thought was from the dev team posting here roughly the same thing, that almost a million was invested so far, and people should put more in, maybe I'm wrong. I don't have time to read back through all the posts here today. I'm not even sure if those stats on there are just the result of coins being down right now or if that reflects actual cash value that's been invested by the people who buy in? If latter is true then coin has already been cashed out and into something else by almost 50% of what it was a week or so ago. I'm do not give a fuck anymore in where pre-mine is or who the next con artist is in line to try and fuck people. I've lost maybe $30-40 total on this endeavor into eac so imho, lesson learned. I've lost more at the corner store on 2 ~$20 scratch card tickets through the states corrupt lottery. I guess I'll just hold my supposedly valueless eac and see what happens then. Incryptex site is probably where all the pre-mine is going or where it went, right? If it's specializing trading in eac, these coins may be of value there someday. No one knows the devs, bullshit to that!!! Norb, Wesley, some other Aussie dude? This whole thing is a joke, right? I'm laughing anyway, probably 'cause I'm mental, but that's a topic for another time. Might need to re-think my eac special, not that anyone evrr heard of it (eac) besides me around my neck of the woods anyway, wtf  

It would have been more beneficial if you would just have stated:
SlyA, yes I am frustrated too.

So the only thing I have been able to find out is that  slyA said, "I have no stake in EAC as I type this. Truth be told, I cashed out my EAC earlier on when I realised the dev team were sketchy individuals."

Hmmm so we know who dumped his coins and likes to ramble about absolutely NOTHING.  I am here to stay.  You can ignore me, do your own thing, play ball or leave.  It is also irrelevant.  I will push and create things for EarthCoin to the best of my abilities.

I have control of some of the pre-mine about 18M right now and I have my own coins, of which I have NEVER SOLD 1!!.  I do not deal with terrorists by design, so I have no ambition to prove that to you one way or another.  It is the truth.  

Yet you have dumped them all slyA, provide absolutely nothing and waste people's time.  I thank you for adding pages to our EarthCoin community chat log however.  Bad stuff = good stuff.  Lets agree to disagree.

I also challenge you to take EarthCoin in whatever direction you feel it should go.  Put in the effort, create something, branch it, re-design it.  Do whatever you want to do - NO ONE is stopping you.  See my job is to know things for the future and I would bet right now that you will do nothing and accomplish nothing.  I am actually in your cheerleading camp for you to be able to actually do something.  See I know something you do not know and that is that mutiny may accomplish something on a pirate ship however in the decentralized nature of the world here, we have to all work together whether we like one another or not, to create value.  It is that simple.  You should re-focus your efforts like most of us are doing.

So if you want to create a mutiny, go ahead, do whatever you would like to do for EarthCoin, in the end everyone benefits regardless.

Premine scene investigation. Who would have thought?

Fair enough. I owe you an apology as well. I may be a cantankerous bloke but I'm man enough to admit I was crass and most probably wrong. As for your points, charities do make money. I agree. But donating to charities does not. My point is we should think in terms of publicity stunts, you know, a tit for tat.

Therefore if we decide to donate to a charity or a cause, we might as well exploit it and broadcast it to the ends of the earth. Just like DOGE did with sending the Jamaicans to Sochi. We should do something of that scope too. NOw here in lies the conceit. I feel like if, and this is a strong if, we decide  to go full force into putting blood and sweat into this, it might give the devs incentive to dump their hoard due to a relative price rise.

One can only hope and count on the stupidity of the devs like you said. If they have in fact fled with the premine, I hope that the low we are seeing is as a result of the constant dumping into the market fray. That way we can rip off the band-aid quickly and get it over with. Now this is where investigating the premine comes in.

If they still have the premine then it means they have not dumped. This is basic game theory. So we can either struggle to force them into the light, or go ahead with other projects and wait for their inflationary axe to drop, sullying all our efforts...

Having said that. You are right, there is a market to be tapped in going green. Hell the Prius and Tesla motors saw that niche and are making billions from it. What they do however have going for them is a centralized goal. We are tasked with finding a specific cause and specialising EAC with it. Earth coin can be a lot of things, it can feed the poor, provide research funds, provide relief aid for natural or man-made disasters and so on... The uses are endless but the resources and man power is finite. If we don't focus on one, we can't expect to gain the investor interest we are looking for.



Fair enough. I won't be here if I was not willing to lend a hand. But I have to say, those who have to answer this question are those who are currently holding the bag for this coin. I have sparred insults with them in the previous threads and it is up to them to decide to step up to the plate and do something. I have nothing to gain from this coin as of now so my input is sure to be tinged with unempathetic bias when it comes down to it. Thos who stand to lose the most are those who should step up. The floor is open, I can only stand by and cheer them on.
 

This attitude is the current problem with the crypto community IMHO.
Anybody can come and do whatever to scam other people.
Look at the scams happening around here.

Ideally i would have wanted the forum moderators to put some form of validation with coin OPs, before announcing any coin.But they seem only interested in banning free giveaways.

I am a newbie here and I am not holding much EAC's either.
To me a fraud is a fraud and he/she should be exposed.
We need to start somewhere, and looking at the recent threads, these guys have left enough clues to get to them
quiet easily.

Closing the door to the original devs is a good idea too.

I 'm happy about the good flow of this discussion.

I hope to get a message of xploited, to get news about the android wallet he is developing and which was tested by myself (Worked great!).

Just imagine what this will do the branding of the coin? A man hunt will not resolve the problem, it will only make you feel good for a short while as you have a target to vent your anger. But in the end, the energy and effort spend creates a vacuum which needs to dealt with anyway but has grwon even bigger. So instead of wasting energy, time and money on this, why not make sure that the door to the original DEVs gets closed and help build from there?

slyA,

Thank you for your reply, it is much appreciated.

While I do not have any more answers than I did before, I will attempt to give a considered response.

First... let me clarify that I do understand the maths of the premine in context of the launch and coin production. But thank you for the refresher on why a premine can be such a powerful tool for the construction or destruction of a coin.

Thanks for clarifying your involvement with EAC as well and glad to hear that you have a history with EAC and the community.

I hope that the next few paragraphs make sense... it is nearly midnight here...

It may come as some surprise to you... but I completely agree with your position and feelings toward EAC. This is why I took the time to address you personally in my first post. I believe that you are feeling and expressing exactly what many of us are, only you have been more elaborate and energetic in your expression than some of us old folks. And this why your message needs to be heard and considered by the EAC community to move forward.

I must confess that there are about 100 pages of the thread that I have not read, so I am taking a large liberty here to pretend I am speaking for the community. If I am wrong, I am happy to stand corrected.

We as community must address the question of the premine, even if the final directive is that we will never know and to move forward we must accept.

We as community must address the apparent lacking guidance and direction from the dev team and develop a plan for EAC to move forward, with or without the original development team.

And the question that we must each ask ourselves is what are we going to do? Walk away or help build?

And so my question to you is... from today what are you going to do with EAC? You have been betrayed, ignored, mocked, taunted, and abused(some of it deserving I must say as you can give as good as you can take), but when the chips are down and it is the end of the game... where are you? Do you want to walk away and never look back? Do you want to help rebuild the EAC community?

You have a huge amount of energy and enthusiasm as well as keen instinct and vision, I can see that from your posts. And you actually care that the EAC community has been hoodwinked and betrayed, this is why you have been posting, it is plainly evident.

In the end... each person must make their own decision about EAC and there is nothing you or I can do about that. We can guide, we can direct, we can scream and we can shout, not sure if you have children or not, but if you do or ever do you understand that at some point we all have to make our decision and suffer the consequences. So try not let the decisions of others about EAC cause you to lose sight of the big picture. You are feeling particularly mean and spiteful, I am feeling tired and resigned, others are feeling optimistic and hopeful, others ready to forgive and forget and get on with it. But I would say that all us of are equally exasperated and disappointed, we are just dealing with it differently.

But when it all boils down... what are we going to do... each of us.

Not to overlook anyone... but people that have and are contributing to EAC as individuals and making a real difference are folks like Centurion with EarthCoinTalk and Earthazaar, ATXSilver with his great deals on coins, the fellow in Boston, Cryptozark with his great summary of where EAC needs to go and be, Nochi spending untold hours doing the thankless task of piecing the premine together, yourself tirelessly winding up the community which resulted in me being asked to report for duty, not that I contribute that much. But each person is playing part to assemble or disassemble the EAC community.

So back to you... slyA... are you willing to step forward and show the world who you are in the real world and help rebuild and motivate the EAC community or are you finished with EAC and just want to see it torn down for parts and auctioned off for scrap so speak?

Neither answer is right or wrong... but I can say I would sure love for you to be on my side!!!

I must conclude and get some sleep... starting to get all philosophical... thanks!

Alright, now I will apologize for being rude. Your post to 24kilo shows actual thought, not just raving. When you were raving, I responded in kind. I probably shouldn't have.

Your last few are reasonable discourse, raising legitimate concerns in an adult manner.

I am impressed.

In the interest of full disclosure, I am neither an early adopter nor an investor. I hold no EAC at the moment, and the most I ever had was like 10 coins. My interest in the coin stemmed from it's name, it's attraction to and by charitable organizations, and it's fast transaction times. My primary coin is Bitcoin.

I do understand your concern with the premine. I also understand the frustration inherent in not getting answers. This doesn't change my position, but I am more willing to outline it without the name calling and bravado.

Have the developers dropped the ball and walked with the money?

I don't know. It's a valid concern. Maybe they are still trying to get the EAC/USD exchange going, and holding reserves for it. Again, I don't know. That would be a wise move, but they have not revealed what they are doing. Maybe they are judiciously dumping it, keeping prices low, but not destroying the coin altogether, in the hopes of gradually cashing out. Once again, I don't know.

I'm fond of an aphorism that states "Never attribute to conspiracy that which can be more readily attributed to stupidity". I have seen far more people do stupid things than deliberately criminal things, even though the end result is often the same. So, lacking evidence of deliberate malfeasance, I'm going with stupidity. Stupidity is curable, usually by violent death, to be sure, but there are other ways. People do learn, should they survive.

Which brings me 'round to the position where you and I seem to be in contention: That the malfeasance or stupidity involved in the premine will sink or boost the coin.

I maintain that if the community does step up and fill the void left by the developers regardless of whether or not they step up themselves that the premine ultimately will not matter. Now if the time frame is today, yes, it matters. If the time frame is a year or two from now, it may not.

Why? Because of several things. One, if they are just holding to dump, there will come a point in the near future where that has been accomplished. At that time, those coins will be in general circulation, or at least distributed fairly by market forces. This, I think, would actually be the most healthy thing for the coin. On the day or days that it happened, the value would tank on the exchanges, but the coin would then be unencumbered.

Another, as I had mentioned before, is that by dint of it's name and it's attraction to and for charities, there is a chance for this coin to tap a market that is in sore need of money transmitting services that are outside of the purview of the so-called mainstream. Most charities right now operate at a much larger profit than for profit organizations. Or at least in the top echelon. I used to work with an internationally recognized charity. If I said the name, you'd know it. I'm not saying it because I don't want to give those blood suckers the recognition. For all their pious nonsense, they take 80 percent of the donations they receive for "administrative costs" and advertising. The advertising I see as legit. The manager driving a new Mercedes while the people she's supposed to be helping beg for food is not. Yet most modern charities are organized around the "clearing house" principle, where a large organization gathers funds and disburses them as it sees fit. The clearing houses mostly see fit to disburse it to themselves, while giving the real workers at the point of the lance an empty bag. A coin such as Earthcoin could address this by having people donate directly to the causes they feel worthy, and I mean DIRECTLY. Even with a reasonable amount of fees for such services, this would reverse the model to 20 or so percent to overhead and the remainder to be put where it actually does some good. People would go for it, too. The profits to be made there are immense, in the long term, both monetarily and in the realm of human potential realized.

Again, to be perfectly clear, I am not a fan of "handouts", though in emergency situations they are sometimes necessary. I am a big fan of the concept of a hand UP. As in the old saying if you give a man a fish, you've fed him today, but if you teach him to fish, you've fed him for life. I'll not go into great depth on this, at the moment at least, because it's not really the point. The point is that there are great things that can be done with this coin, and because it IS under the radar and of low exchange value, but also possesses quite a bit of intellectual and enterprising people in it's community, that it can be developed over a medium term to exploit some of these opportunities. If this is done without the help of the developers, the unfortunate truth is that they will profit by it if they hold their coins. But the flip side of that is, if they don't step up and the community does, their profit will be a one time thing, whereas the community will have established a robust and growing alternate currency that is actually doing something to make the world a better place.

And even more to the point, even if you're a cynical bastard, "green" sells. I still think this coin has immense potential due to it's name and fast transactions. I don't much care whether or not it's "asic resistant". True Asic resistance is easy to achieve. Just shoot the coin dead. If it becomes profitable enough to develop asics for it, then it is a success. I think the asic resisstance is a red herring in cryptocoins anyway. Asics make the network large and secure, as long as a lot of people have access to them. But a coin is going to have to be rather big before they're really worth the development costs. Asics, IMO will neither make nor break a coin. What will is it's adoption, or lack thereof. We can make it happen regardless of the actions of the developers. They can step up, and make it happen faster, but they do not own the coin.

Why would it kill the community?
The devs have already fled and any future tasks has to be done by the community.

So for me, the coin has already plummeted to its lowest,and its time we as a community organize ourselves.
While the community can go on developing new features, if there are likely minded people like me, we can organize a bounty to track these guys down.

At least this could be deterrent to future fraudsters and we can add some more drama to the earth coin story telling.

You do know that this will kill the community right? As for me, I am not willing to participate in a man hunt.

Shall we start a bounty on bringing the culprits down then?
I am sure there are far more intelligent people in this forum, who could get to them very easily.
I am willing to contribute, if we have one.

Who is the most trusted member in the community to hold such a bounty?

That's the thing. There was a public ledger. But somewhere along the line, they decided to split the coins into dozens of wallets making the funds untraceable. Nochi has been trying to piece together the trail of the premine and saya he got to 60M of the total 270 million. Another user calculated the value of the giveaways. The devs claimed to have given millions but the bounties and giveaways shows roughly 200k coins were dispersed of the 270million. These trifling idiots are just that. Idiots.

Sir. Thank you for typing out your experience with this community. I was still a supporter when I saw the work you were putting in with your request to use EAC for your farm. That much I remember. It was however around that period that I began to notice the double speak and vague legalese the devs have become professionals at. They seemed to keep coming back each week with the same results, trying to pacify us with news of the "ultra secret project" in the works.

I have no stake in EAC as I type this. Truth be told, I cashed out my EAC earlier on when I realised the dev team were sketchy individuals. I may come off as brash and all I can say is that, I tried diplomacy and it failed greatly. I am not and should not have to coddle people about being upbeat about their money, not mine, theirs. If they are waiting for me to tone down my language and use platitudes of smiles and compliments, they can go have a chat with the devs, unfortunately, the devs have stopped coming here.

I am however angry because I feel betrayed. They betrayed my trust and the trust of everyone currently still clinging to the hope that this coin will rebound when we should know by now that our smoke signal is going unnoticed. The market is being saturated day in day out with cloned clones of clones and more and more scam artists have piled into this digital gold rush, reday to part the naive ideologues from their money, many of who are you and I.

Crypto currencies promised an out and sanctuary from the Murdochs of the regulated market. How unfortunate is it that we as early adopters have jumped out of the regulated frying pan and into the free fire. We are now the Caesars, lions and gladiators in this free for all financial Colosseum. People like the devs have seen untainted minds, perfect mines for exploitation and they have unabashedly taken it. The arguements you are seeing is a result of stockholm syndrome where by the bag holders feel like I'm tarnishing their hopes for recovering their initial investments. EAC appealed to those in search of a utopia but you and I know that there is no such thing as long as the duality of humanity exists. We are the thieves and benefactors.

The premine stated 2% of the 13 billion total coins which will be mined completely in years. So adjusting for inflation, that 2% is actually more like 50% on launch although the percentage has been shrinking ever since. Still the looming threat remains that these confidence men have run away with the unearned value of everyone's investments and trust and that is not to be tolerated. How can we sit here and wax poetic about the merit of crypto in this free market when we are turning and nurturing the savage greed we ran away from?

How can anyone justify overlooking the premine and ask for the trust of the currently scarred noobs, early adopters, potential investors and supportive charities when we sweep issues like public theft under the rug. I know I probably will not get an answer on the premine and that's why I have been working with and am looking for a brilliant mind among thsi community to help reveal the "wizard of oz" behind the shadowy figures of the rogue devs. They should understand that they will fall into ruin the same way they have ruined the trust of the community.


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To WESEAC & earthcoin. I see you have both been logging in and out recently, laughing to yourselves as you sip what ever spirit the EAC loot got you. I want you to understand that there is no way you can completely vanish or conceal your identity on the internet. We know you have a website e in the works, we know you probably have profiles that tie to your involvement in EAC one way or the other. This is not an internet tough guy or brilliant wiz-kid telling tall tales of cybernetic bravado. No. no. no. It's not going to be me. It's going to be someone else. Do not be surprised when the whole extent of the premine you think you have fled with is investigated and brought to light. Tomorrow you might log in and see the names of every family member plastered on here with a negative publicity bomb rigged to explode. I want you to know that when that happens, I will be in the fore front, dragging your name through the mud and force feeding your misdeeds down the throats of every slag up your family tree. This is not a threat. This is a promise.

Go look at this thread and see what happens when you think you can steal from people. https://bitcointalksearch.org/topic/c-cex-has-frozen-your-btc-not-to-be-trusted-485029

I am just some bloke behind a computer screen. The choice is yours.

Addressing slyA -

I have been dragged back from the farm by your postings.

So a bit of background...

I started mining EAC within a few hours of launch... block 370-ish from memory... and have been mining ever since. I was an early supporter of EAC and the community, both in hash-rate, funding, and development. I donated heavily to EarthCoinTalk and various other projects. And I was a key player in the Mining for Food Project, which never got off the ground for reasons I will explain soon.

If you do a bit of research and homework, you will find out I am a real person in Australia who is a farmer. You will find out my name and how to contact me in the real world including a mobile number. I am far from anonymous.

Due to unfortunate events on the farm and in the business, I have had to devote all of my attention to keeping the farm and produce business viable. Due to some human mistakes and unkind weather, we lost nearly 60% of our crops and harvest. That is why I had to let the Mining for Food Project and EAC sit on the back-burner for the past month or so.

Back to you and your posts. First, I have no appreciation for anyone that uses the language you use in this forum. It is rude and disrespectful to youself and everyone else here. So please clean up your vocabulary, because you actually have some real and important issues that you are presenting, but no one wants to listen to you, they only want to argue and antagonise you. You message is being lost in the noise and diatribe of abusive and foul language.

I have read all of your posts(I think) and I will try address them as best as I can.

Regarding the premine... it was 2% of the total of EAC... see original post(page 1) for reference... 270,000,000 coins. Where all of the coins from the premine have gone, only the dev team knows. I do know that a number of those coins came to my wallet as part of the giveaway and as a bounty for a project. I do not remember how many I received and I cannot find the wallet with the transaction. I have had a number of EAC wallets, some which I have used and destroyed and some that are in cold storage. As for the balance of the premine, only the dev team can answer that question.

Even though I have a number of dealings directly with various members of dev team as individuals and as group, I was never given any personal information about any team member. My only method of contact was through PM on this forum or at EarthCoinTalk. I never learned any names or contact details, even though I gave the dev team my full contact details and requested that they provide the same. And to be honest, that always annoyed me. I agree with you that at some point as a team and community leader, you have to come out from behind the shroud of internet secrecy. So even if I wanted to, I have no way of contacting the dev team that you do not have access to. I have no special connections, so no matter how much I want the answer to the question of the premine, I have no more answers than you. And while you mention Centurion, whom I know quite well, even outside of EAC, and Cryptozark, whom I do not know, I doubt they have any more connection to the dev team than I do. As for WesEAC, I do not know, from early on he seemed to imply that he had special connections to the dev team, but I learned long ago that many folks on the internet are not what they appear to be. WesEAC must speak for himself.

After being away from EAC for over a month, I am very disappointed in the lack of progress made by EAC. But I am not surprised. I had a fairly brisk conversation with the dev team about their role and they were adamant that it was they who conceived and launched the coin and it was up to the community to develop it and determine its future including providing infrastructure. My reply was, they called themselves the 'development team' and were getting compensated from the premine, so if they were not going to lead the development of EAC, then why were they the 'development team' and what were they getting compensated for. Unfortunately, I did not have any further conversations because I have to devote my energies to the farm and business.

I do know that everything Centurion has done with EarthCoinTalk and Earthazaar has been on his own back, because I helped fund him, which I was very happy to do. The dev team had no involvement whatsoever that I know of.

That brings us to today... EAC is at or near an all-time low in price... the dev team seems to have cashed in and left... projects have stalled and it is now up to the community to decide the fate of EAC. It is up to us, the holders and miners of EAC what happens. I know that sounds lame and in your words... retarded... but that is the reality. No amount of angst, anger, raging, depression, debating, head-banging is going to change it... so if this is the death of EAC... so be it... I do not have the time, resources or energy to track down each member of the dev team and force them to tell me where the premine is and beat them until they grudgingly come back to complete their obligations to the EAC community.

You are asking the questions which no one can or will answer. Good and right questions but that still does not mean you or I will get the answers we want or think we deserve. If I knew any way of getting those answers, I would for myself and everyone else.

You are exhibiting an incredible amount of energy and zeal, some of which as an old man I wish I had, but you are misdirecting towards the community, when you need to be directing it at the people with the answers... the dev team. Use your skills to track them down through their IP address or etc... find them and demand answers... you will be a hero of the community. I do not have the energy or knowledge to do that.

So I am left with the choice... do I do nothing till I get the dev team to provide all the answers or do I get back in the trenches and help build EAC into a usable currency. I am inclined to do the latter since the former leaves me nothing for all my previously invested hard work.

Study the history of Bitcoin... it was premined... the original developer has vanished from the face of the earth... has not provided any support to Bitcoin in years... and still holds enough Bitcoin to destroy the coin if he chose to dump it tomorrow. I am not equating EAC with BTC... but the most successful crypto-currency to date has a checkered history and it is only the work and effort of the Bitcoin community that have ensured the success of Bitcoin so far. I don't see much difference in the future of EAC if the community chooses to do the same.

If you are finished with EAC... fine and good... that is your choice and it may be the right choice. If you still have some interest in EAC, then all that is left is for you to help build the EAC community.

There is not much more to say...

On the forum at least lol.



I didnt care about the charity thing, someone mentioned fiat going to overseas charities and trying to grab that market, that was actually a pretty good idea.  Charity markets are a big markets to target, they send lots of money overseas and people would be more willing to donate money to something where they know there's no middle man taking a huge % to send their money overseas.  How long before someone makes ChurchCoin and that becomes a leading charity coin sending millions overseas.  Also Bitcoin has an SMS application for very old phone technologies so people in Africa can use BTC through SMS which I think is amazing.  Earthcoin is positioned nicely for that kind of stuff because of its name.  Its just another thing the premine could be used for.  Just assume were not going to get answers about the premine, we just need a blockchain investigation on that one to see if there is any left and if so how much.  I followed a portion of it to about block 1500 (from block 1), i think I got to about 60mil but it would take a while to work it all out.