Hi everyone,
Let's clarify some things, mathematically, socially and enthusiastically! You guys are incredible. From android and iphone apps to t-shirts and pins to merchant adoption. Simply incredible.
First, at $0.0025 in USD value, the creation of the money supply suggests that $35,000 USD are created each day. Unless through your efforts, the proliferation of information and education regarding EarthCoin continue, the coin will continue to drop until it finds equilibrium where the USD value creation of the money supply equals the actual perception of the creation of value through your collective efforts. This is the math behind any crypto-currency. Adoption. Reaching equilibrium is our first step and then building upon it.
Now many of you may not want to here the truth about how perception can trump reality but it is what it is. I am also a realist and I do understand that the thought process and work required to create value is beyond many people. It was quoted by a member that he has bought and stored his EarthCoins in hopes that someday they are valuable. I commend that, good for him and hopefully with our work they will be. But his work is also required as are all of your efforts. It is an intangible effort, you can not feel it or smell it or touch it, it is simply bringing up EarthCoin at a dinner or at school or at the office and educating people around you. Helping spread the dogma of the safety and security of crypto-currencies in general. By waking people up. Now the environment is littered with scammers but the underlying technology that forms the basis of the currency is indisputable!
So what we do know is that the sell side is plenty. The buy side is growing but still much smaller than the sell side. Even if you were have merchants adopt the coin, a purchase for a good or service would have to be redeemable in USD or BTC to provide the merchant with his costs back. This also adds to the sell side.
What needs to be accomplished is the widening of the demographic of the buy side. Mechanisms and educations that provide for belief and trust in purchasing EarthCoins. With a falling price and a short time horizon this can become difficult until such time prices rise but they are usually short lived. 80% of the life of a crypto-currency is spent during falling prices. Even BTC. Regard the last 4 years. 80% of the time the price falls and only 20% of the time the price rises it just rises much more percentage wise then it fell
EAC will be no different.
So what do we do with all this free time?! That is easy, reach equilibrium through our collective efforts by creating things about EAC. Grow the base, discover and create amongst ourselves a brand that unites us, talk to people, create tools that allow for EAC purchases and inspire confidence, but most of all educate. Ask yourself what do I need to believe to be able to buy EAC's and provide that path to undertsnading to others. It is that simple, there is no way to definitively measure your efforts, you just know that it has added to the community instinctively and that you were and are a part of something great! Great job everyone and keep the creativity coming. I will be working on a peice to exemplify more about what EAC has to offer and your thoughts are demanded!
ttys
Nice comment.
I understand what you are trying to say and feel in the same way.. (i dont know how that sound in eng. because my english is not as good as it should), but i think this can be a very big important thing. I mean the crypto-currency-system mixed with sustainability and all goals of Earthcoin.
Actually im trying to make a partnership with a NGO(non-govermental-organisation) to spread the word and to support the foundation. This NGO is made by thousands of students in europe of a global subject and is imho the perfect fitting NGO to have a partnership with...
I also participated there and had a good time, furthermore i know one of their heads.
Therefore, in my free time, im trying to achieve my goal to raise awareness of Earthcoin and all crypto-currencies!
Tomorrow I will meet him and will see what happens.
I cannot promise that it will be a success, but in my world, i have better arguments, because english limits my skills
I hope to come up with some good news tomorrow.
And IF it works, we have hundreds more listeners.
cheers.