When I read all posts here, I can only agree. To make a conclusion. The dev team is communicating very poor. The community is guessing what is going on. Are the devs active and not communicating or did they already stop their activities. A big community can achieve a lot when managed the right way. This community needs a leader who explains what the dev-team is working on and what the dev-team likes the communtiy to work on. We have/had a big community that could have done a lot. Now it looks like a whole bunch of talented people are just out of work.
Even if the dev-team has big plans and is working on big projects, I still think they made a mistake by not contracting a guy, that would do the communication with the community. A person that would inform the community about all ongoing projects and also a guy who would get the community excited to help wherever they were needed.
+1
+2
+2.5
+sqrt(9.001)
+Pi
+42
EAC is ready to TANK. Epic dumps from Middlecoin and other miners have blown holes in every buy wall. The two big buy walls I said were fake, were indeed fake. They are gone now that the price looks like it's headed to the 80s. Sell or cry.
This coin is toast without doing something to gin up interest! WHERE THE **** ARE THE DEVS? What do they do every day?
Middlecoin continues to three-hole-rape EAC unabated, causing 30 minutes coin freezes, 3m block times, excessive supply, and dissolved interest in 2x and 5x.
The EAC reddit is a ghost town, the EAC thread here is nearly so. EarthCoinTalk is bs and should be closed, we need an official main thread on a major, higher-traffic site like CryptoCoinTalk.
We have no new expansion to various nations exchanges, little to gift to with our foundation, little proof that anything about this coin is any more than an elaborate scam.
That, or like the pirates of Nassau, the devs bit off more than they could chew and we are ****** anyways. If they all have family, jobs, etc they have to manage, gg close, EAC.
My current 2 cents.
Your story is one of the possibilities.
For me this altcoin business is just another pokergame. The game I have been playing profesionally for years now.
Besides your fears, I see 2 other options.
A. The devs seemed to have some money, like they said. So, it could very well be possible the don't care at all about the EAC/BTC price and just keep doing their job.
B. They are working on some really good things regarding EAC and they know it's going to be a hit. They like to buy cheap coins themselves and decided not to talk a lot at the forum to get the price down.
C. Your story, they cashed out and left the ship some time ago.
It's up to everyone to make the right decision for her/himself.
But hey, how boring would a pokergame be, when the optimal play is always obvious? How can you ever make money, when no one makes mistakes?