Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 267. (Read 840369 times)

Fam:

* I owe you guys an apology, did my best to sign up here and be the intellectual I am without letting trolls or baiters get to me. Seems I have failed you miserably in that dept, and since signing up everyone on the team has unfortunately let a few things get to us to the point of reacting negatively when that goes against our golden rule in this environment, not be emo. So, I apologize for feeding the troll despite the temporary satisfaction I got.

* Reassurance: This is a true free market, I cannot offer guarantees or reassurances, I cannot predict a low, I cannot expect you guys to simply be pacified when the price drops no matter what I or the team say.

WesandEAC has given you guys the most valuable info you'll read in this thread, I'd re-read it - I cannot (as much as I'd like to) promise that this or that will happen re value or price. What I CAN say is, the team is doing everything they can to keep moving forward. Critics? Trolls? Delays? Flashdumps? Fear that we're not updating the thread 20 times a day? Not going to stop us. Price of btc drops by half or more there is nobody to run to, same here, we cannot control the price, YOU collectively control the price much more than we can. You're all in for a long journey, or you're gone before giving it the time and respect it deserves and doing your part. I am a trader as well, I understand your woe's, I'm also concerned with our efforts going to waste while still gunning forward however it's all for a calculated risk of a BIG win in many ways downstream. That and all members of the team are use to waiting for our investments to grow and mature, so it's not hard to simply 'keep working' and not let these dips scare us into a frenzy. We understand that's not how everyone trades or works, however it's important for the core team to have this vision, and we do.

* Coming Up Next: The devs responsible for the device apps are working on them, beta testing, creating final files, etc.

* We have an iPad version also coming out now for one of the apps (I don't want to speak for them re timelines so I'll say (bigvern voice) 'soon').

Thank you.

Think again, it shed 75% of its high from when it launched on coinedup. Then it hits cryptsy and sheds another 50% of its value in just the last 24 hours. You really think after all that carnage and freefall it is all upside from here. I hope for the folks that "bet the farm" on it, that is true. I think it will fall much much more over the coming weeks. I asked myself, if I dump all my coins at avg 225 and then it skyrockets how will I feel, then I asked myself if I hold these lead weights and it falls way way down and I can't get out how will I feel. I decided it would be worse to be upside down than to get out with at least a tiny profit so I sold all between 210-245.  I made the right call, thank goodness!

Well played. Both of you. I'm not sure where the "tree hugger" thing came from. I'm guessing because one of the pools is operating a charity?

At any rate, those sort of initiatives generate publicity, and as Phineas Taylor Barnum famously noted, that's never bad.

The dev's have posted a lot of solid ideas, and appear to be working hard on those ideas behind the scenes. That, from the very beginning, is why I think this coin has more potential than most. Even though it's become somewhat established, probably by virtue of being the first Scrypt coin, litecoin has really gone nowhere in real world acceptance. Earthcoin could. It's name is catchy, the dev's want to take it mainstream, and it has an interesting and inter5ested community. Let's give this some time, thought, and support.

I don't see the sudden dump on acceptance at Cryptsy as any sort of sign in itself. It seems to happen with every coin that gets listed. In the short term, it's disappointing. As any sort of long term marker, I'd call it simply a milestone in the development. Many, if not most, of the early adopters are trying to turn a quick buck. Nothing wrong with that, but it does nothing for the coin in the long run except establish that it can be traded for other currency. When we get it trading for goods and services, THAT is when it will matter. And that is when exchange prices will rise the most steadily and keep their gains the best.

Wasn't it determined that the online "instant-wallet" was a scam?  What about the Gaia game?

I wonder how many of the coins being dumped were stolen coins.

I don't think it'll drop down that low. I think 100 satoshi is the lowest

Point taken.

Lets sit and wait

The 5X payout day is coming . EAC will drop to 50-30 . Its a good thing though , after that EAC touch the real bottom and stop falling . New investors will start buying and EAC will take off from there .

The 5X payout day is coming . EAC will drop to 50-30 . Its a good thing though , after that EAC touch the real bottom and stop falling . New investors will start buying and EAC will take off from there .

if someone is so generous to donate to my wallet some EarthCoins. i only have 0,18 till know. Dont know where to collect them, there is only one faucet that i know.
My computer is old so i can't mine them. Thank you

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That was me buying @ 120, I wanted the coins at this ridiculously low price. :-)

I would assume around 1 or 2 satoshis. It won't go much lower than that .

The price will be lower in the morning so hang on  

To buy in or not to buy in before I go to sleep, that is the question

Are you all really that worried?  Haha, this is fascinating to me, I wonder where the floor is.

I did a bit of research into the premine and thought I'd share it with people because I found it pretty interesting...

A lot of the premine hasn't been spent or even claimed! It's been sent to addresses that haven't even received it yet.

All of these examples have been taken by following block 1 (with 270,000,000 premine in) through all the transactions until the end of the chain.

First 50m
Second 50m
40m Unclaimed (the ~10m output ends up unredeemed)
Third 50m
Some 18.5m unclaimed

There are a few more:
~15m
5m #1
5m #2
~4m
2.5m

This all tallies up to a massive 240,000,000 of the original 270,000,000 premine that hasn't even been touched yet.

One thing I got from this is that it isn't the dev that's dumping... Most of the transactions leading up to the last one with the unclaimed amounts were small amounts that looked like giveaways with a few bigger transactions of a couple million to what could be personal accounts (and one exchange where it had a LOT of inputs/outputs).

The only bad thing that you could perhaps take from this is that only 30,000,000 out of the 270,000,000 has been spent (on giveaways and perhaps some on personal too, I have no way of knowing what was given out and what's been kept/moved around by dev etc obviously).

Thought it was interesting and would share with you guys.

Disclaimer: This is all my own research and opinion, draw your own conclusions from it.
Edit: Could also have missed some transactions in my search so that more is unclaimed than I have stated