Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 134. (Read 840344 times)

You see the things I highlighted? That my friend is your idiocy shining in bold letters. So you start off with a globe trotting Jason bourne-esque conspiracy of governments performing falseflag character assassinations of EAC and gox. Then you veer off into defending the scam devs by saying they have families? Who the fuck doesn't have families? Who the fuck doesn't have jobs. Do you think the money in EAC appeared from thin air? Look I understand you're trying to be the "voice of reason" but you're infact being incredibly naive. The devs do not get to back pedal on their reasons for premining after the coin goes under and neither do you.

How the fuck do you expect a community to contribute when we dont know what "projects" the devs have in the works? How the fuck are we supposed to trust them when they can't even keep to their words?

I've said it before and I'll keep saying it, as long as they cannot produce the use of the 270 premine, they can get fucked and so can you for supporting them. Do you now see why people called it a scam coin? Is it not because of shit like running away with the premine that people called EAC and QUARK scam coins?

If you want to sit there like a spineless dog until the coin dies then that's your fucking business. I will not however sit by and watch this cult of personality scam more people.  Don't complain. Sit there and take it until its too late.

Insults dont improve the situation. Excuse me for my english...

Facts:

*The cryptomarket is not transparent for a good reason. Governments, defraudation of tax, big wins or losses out of nowhere. This market is new, so people cannot be blamed for keeping their identity hidden.

*The cryptomarket is actually in a war. Governments and monetary institutions realize that this system is too good to be ignored. So they fight on ways which we dont even know. Maybe they hired the hacker of MtGox to assassinate the rival's character and well look at that... they moved the whole market into a worse position. Bitcoin is at $547... so what do you expect?

*People are careful when it comes to spending money, especially when it is a new coin like EAC.

*Eac has been branded as scamcoin just from the start, for unknown reasons. I guess it was a unsatisfied miner who wanted to stop premining in general, so EAC came just to the wrong moment.

*Premine, is kind of a payment for the hours of work, that the devs made. Dont tell me you are here to do work without getting payed! The dev's took hundreds of hours to code the first wallet, the first page, to think about everything, to make interviews, just to be there to react if something went wrong and in the end, to calm the masses everyday.

*The dev's have jobs, they have families, the propably dont live in your timezone so all in all it is not a matter of course that the dev's are around to take part in a "multi-billion-concept" which claims to be the currency of billion people.

*From the start everyone knew that Earthcoin has potential. It is just too easy to think that this works, without doing anything.

*We have enough greedy miner who mined millions and dump it whenever they can and that is the first problem:
The market regulates itself. Means that Earthcoin has to overcome the pump and dump-phase. That takes MONTHS

*Second problem is: We are the people. So we all have to contribute. Contribution doesnt mean to complain here and get out with things undone, but to take part and to do stuff for Earthcoin.

*Third problem is: The Market is down. Earthcoin is still young. It is not a dog not a cat and needs to convince people with its good working system and task. That is the hardest part for a Cryptocurrency and Earthcoin was there from the start. Deal with it.

So do something or realize that your unemployment benefit will shrink to zero.

Anyway i'm buying some more EAC coins, don't know why we dropped, but as long as the blockchain is working....

http://www.cryptoarticles.com/crypto-news/2014/2/22/my-earthcoin-merchandise-from-zazzle-arrived 

Told ya.

When the coin was launched that would have been impossible they would have held like 90% of the supply, its watered down now there is 1.5billion or so out there now but you could get rid of a huge chunk of it in small bits on multiple exchanges over time.  I'm not saying its all gone, no way near although I wish it was.

..or there simply is no premine left - they could have sold it in chunks shortly after launch - if they already had planned it to be a scam..? So cashing in while the coin was at it's highest initial hype-price level..
also think about it - why wouldn't they want it on cryptsy from the start - was that because they already knew they wanted just to cash in..?

Mooi 

http://www.cryptoarticles.com/crypto-news/2014/2/22/my-earthcoin-merchandise-from-zazzle-arrived

Of course, but the supply of dumping coins would still destroy the market entirely long before any huge amount of coins could be sold.   I've been on this coin since day one.  I've read every post in this thread at least once.  I think the devs are doing a poor job keeping us happy.  But I don't think they've spent the premine.   They have actually been very consistent since day one,  The issue is that people don't like to hear what is being said.

There is the catch 22,  If people don't like hearing it,  Its hard to get behind it and support it!

I think incryptex is going to come out at some point.  The devs will still have 150M+ EAC in storage.   Incryptex will use EAC as the baseline currency.    NOT BTC like all other exchanges do.    Then boom EAC is now valuable over night.    Now that 150M+ is worth enough to retire,  Not 30K usd split 3 ways.

This coin was never positioned to be a pump and dump,  I think the devs are after a major pay off.   They fought to keep the coin off cryptsy but couldn't control it.   Its easy to look at a small snapshot of time and draw conclusions.   Also never sell at a loss!    I've had to keep buying as the price drops to lower my position.

Well im going to edit my post in a min because I just realized they used a proxy domain registrant (https://www.domainsbyproxy.com/), specifically designed to conceal the registrants information... why hide yourself if your wanting to launch a legitimate business... i bet the servers for it are in some 3rd world country.  Either way its all conjecture at this point but the fact that the premine was split up so many times and sent to so many different wallets rings alarm bells to me.  I'm very suspicious of all coins now since the worldcoin / scarmbeck scandal, although i didnt invest in scarmbeck i really looked into it, and didnt like what i saw.  Worldcoin was supposed to be one of the best and most trusted altcoins, im glad I sold when I did.

About Incyptex. Why would anyone in business world let their reputation go to zero in eyes of their customers...
It's not good to start ruining things before you even have working business.
Because if these theories that some have pointed are true then it's not just about Earthcoin but also not yet launched exchange.
Some thoughts about this?

Yousee, your flawed thinking is that they will dump it only on cryptsy. There are other exchanges mate.

It is exactly free magical money, they create a coin with a premine and slowly dump it on the market.  Every time the price rose it was quickly beaten down again into buyer/investor hands.  I suspected as much because there was a lot of buzz around this coin, it could have easily made it to 500 satoshi but its been slowly dumped over weeks and weeks and every time the price reached a certain level like 100 satoshi, some investor dove in and brought the price back up thinking they were getting a bargain. But their funds run out at some point and they have to call it quits.

Setting up an exchange is not cheap but it reaps huge rewards in commission, at cryptsy's height in volume they were making something like $150,000 an hour in commission.  Even with the problems MtGox is having they are still making around 450btc in commission a day.  Its big business and that greedy cunt knows it, we've just crowd funded his meal ticket for him.

that would be true if they were actually interviewing someone and the alien comes in and says "hey guys dont worry we have some new secret works underway that will save your race"

Personally id say this is more like watching alien autopsy if it was real

haha what a trollbox here  all these conspiracy theories...
it's like watching ancient aliens

Assuming there was infinite demand they could sell it for 150K USD, but go look at cryptsy.  There is less than 10 BTC worth of "buy" orders.   The devs are trapped just as much as we are.  I can't even sell the EAC that I have because I would exhaust all the current buy offers and the price would hit zero.  Literally zero and stay there until enough new buys showed up to exhaust my supply.   I learned this the hard way after having a big break on a small coin, and I was left holding the bag and unable to sell more than a sliver without totally crashing the market.

I think there is a lot less premine left,  I bet its under 170M,  maybe even 150M.  And if that is the case it can't be sold regardless.  So the dev's had better be in the kitchen cooking up some utility.  Because they aren't getting paid until it happens.

You are exactly what is wrong with this coin. Do you know how much 270 million EAC is worth? That is approximately 200k USD. What goddamn projects are the devs working on? Is it until it reaches 1 satoshi that you will say "oh had I known"? This is the same nonsense that was said when we were at 180 satoshi, at 130 satoshi at 100 satoshi and now at 60 satoshi with still no updates from the devs except for WESCUNT coming in to talk about the oh so secret projects in the works. Either way believe what you want. Glad I dumped at 130 satoshi after losing half my portfolio.

Tell yourself a lie long enough, you just might believe it.

The thing that gets me the most about the premine accusations is that its not really magically 'free' money.   This coin has to go somewhere to create a payoff for the dev's.   Even IF it was pump/dump coin at these prices and even much better prices there is no real value here.  Sure at 100satoshis,  they could start dumping and maybe pull out 10 BTC before the price crashed the floor.   Look what just happened,  I estimate someone just sold what, 2-3 million coins at 'market' and it crashed the price to 50 satoshis.

In order for the premine to be worth anything the coin has to go places,  I wish the dev's posted more, I wish the would be more transparent, I would prefer many things.   However my intuition is that while the devs would obviously hope the community would be building the best it could.  They know that they are busy working on some large projects which have several ways that they could greatly improve EAC so they just simply are not concerned with trying to keep all of us happy.   They are possibly content with the progress they make behind closed doors for now.

The devs will never come clean about it mate. These are anonymous liars. They took advantage and are gone. WEScunt came here to try out his latest lies. Never answered anything. What he did answer however was that the premine was no longer "worth anything" as he said. Meaning we should forget about it. How nayone can still say this is a "long term" coin is beyond me. The ship is sinking. Even on the earthcointalk forum that  they directed us to. The users there are frutrated too because the devs have vanished.

EAC suffered from college aged scammers. That is it. Now the coin is dead. The only thing that can save this coin is kicking out those devs, even then, that will never happen.