I really wish I bought into EAC at the very start but I didn't and I could have made stacks of money.
Anyone thinking the same?
LOL... don't feel bad dude. The opposite happened to me... I bought in after it spiked to 800 satoshi. Now i have 100k EAC worth 1/7th its original value, so I guess I'm in it for the long haul. Blah!
Don't worry herbalJoe, I am sure there are others. All temporary growing pains. Buying more EAC's will not ease your pain, but promoting awareness and understanding is. That alone increases the value of your coins more than anything else.
I sat with a VP of an institution today for the afternoon and blew his mind coming to understand how money uses serial numbers and a centre for forensics to determine the authenticity of paper money, we use the swiss authority to guarantee the purity of Gold but crypto-currencies use a cryptographic hash and proof of work to GUARANTEE the authenticity of a store of value with our any institutions or meddling.
Crypto-currencies represent the most democratic currency ever created by man. Sure it can be "hacked" but only if the collective 51% of participants all agree to go in a different direction - EXACTLY HOW A DEMOCRACY IS SUPPOSED TO WORK!!!!
The people who think this is a video game will gain nothing of course and there is no point combatting stupidity, engage the people who want to know. Start the process and let them continue if they choose to do so - but offer them a little bit of knowledge to awaken that dull flame inside! For most people it is still there.
Well there is something much worse than who checks the serial numbers of money. Those worse things are called banks....
So simple example: in the early days banks used saving to fund loans with but in the new digital age, banks can basically create funds for any loan they want to give. So where the old bank had a guarantee for all the loans nowadays they only have the value of 3% of all the loans outstanding (3% is a legal requirement where I live since very recently)
And any loan holds value on paper so basically people pay with loans.
I know this sounds kinda weird and stuff and it is a very simplified, but still you wonder how the amount of money floating around has increased that much overt-time.
Have some fun watching this guy.
http://hiddensecretsofmoney.com/videos/episode-1