Anyone still here obviously cares in some capacity about the future and prospects of Earthcoin. Everyone who reads this message should watch this video from one of the brightest minds in cryptocurrency, alt coins, and bitcoin.
There are about 100+ Ideas on this podcast that could absolutely be game changers to EARTHCOIN. This community needs to watch it, take notes, and then propose ideas to get Earthcoin up to speed with the other alt coins that are so far ahead in development and therefore satoshi price.
https://www.youtube.com/watch?v=9VldihoIYuY&feature=youtu.beMy thoughts.
1. How complex would it be to convert Earthcoin to run on the 'TOR' network? An announcement of this type would make Earthcoin the 2nd coin (Razor Coin) to be absolutely anonymous and perfect for preserving our privacy in a post NSA Spying World.
2. I am warming up to the idea of POS, if nothing else, something that pays you 2-3% annually in EAC to incentivize you to hold your coins, or at least keep pace with inflation. What if we also just changed the 'total supply' of Earthcoin from the current plan of 12 billion into something that is MUCH lower. Like say 21 million coins. Or 10 million coins. Shoot the less the better IMO, that way current holders would instantly be holding a greater % of the total "Earthcoin Pie' and new investors would be attracted because then those 12 billion coins are not hanging over their heads. If the original reason for the 12 billion was so 'everyone in the world could have two' or whatever the hell, that is not a good enough reason to not just eliminate 99% of the coins that will be created, therefore increasing the value of all the current holders, and incentivizing the mining community to get back involved because they KNOW the price will rise over the long-term now. Just simple supply & demand. And I honestly think that the Over supply of coins has just been decimating earthcoins, because honestly there is just not a community in place who believes enough in the coin to actually hold the coins for the long-term. Lets knock this supply down to 5-21 million coin range and get rid of this 12 billion nonsense. This will also instantly get us new blood, new miners, new life, and help stop the massive dumping that just happens non-stop with this coin. This would also reward the long-term 'leaders' of this coin who have been holding & accumulating Earthcoin for a long time, only to be left for dead by the community, speculators, the loser 'Dev' who abandoned the coin after selling his premine, etc. Then as the net worth of the long-term holders/ visionaries increases, they can sell some of their holdings to fund serious marketing moves like Nautilus did, sponsoring Jon Fitch in the upcoming UFC fight on CBS next month. They will have 'Nautilus coin' written on his shorts, where all of America will see clearly, at least some will google it, and then buy some coins, driving up the price of all the previous holders/ investors. There is absolutely no reason Earthcoin couldnt pull something like this off, it was only $5,000 after all. If we could get this price to rise we could have enough people pitch in to do this same thing for the next UFC fight, or some other event 'A la Dogecoin & Nascar'
Basically I am arguing that scarcity does matter for alt coins to have a respectable satoshi price, and simple supply and demand fundamentals dictate that we need to get rid of having so many damn coins. It is either do that or just watch Earthcoin die this slow miserable death. Brian Kelly, CNBC Anchor, did a similar thing with his coin, Nautilus coin, changing the shares from 16 million to just 4 million recently. THIS ADDS VALUE TO THOSE WHO HOLD IT, AND THOSE WHO BUY THE COIN IN THE FUTURE.
I vote to change the game, excite people, and lets drive this bad boy back up to the moon. As the price rises, I will sell my coins, and use the BTC to keep promoting Earthcoin to bigger and better audiences and venues. I am probably the single largest holder of Earthcoin at this point, I have brought as much value as anyone else by selling the most items in an open marketplace for Earthcoin, and now I am ready to do more. I am even open to becoming the 'DEV' if the community would agree to let me start enacting some of the ideas above(and below) and doing everything in my power to increase the 'Satoshi' Price, and perceived value, of this rotten corpse of a coin. You see, I am also the most incentivized for purely selfish reasons, as the number one holder of EAC, I will certainly be ok with working my a$$ off to make sure that I can recoup some of my horrendous investment losses over the long-term. No one has (I dont think) as much at stake as I do to ensure the success of this coin.
I would like the communities input on this, and even the current dev's thoughts, etc. I am just brainstorming but I have been thoroughly studying successful alt coins the past few months, and I believe I can right this ship.
3. Create a 'Price Stabilization Fund' Hard fork or whatever to divert a certain % of all coins mined into a fund that would be used to place bids to support Earthcoins price over the long-term. This would obviously need to be entrusted to a team, or the 'Dev' or Me, and maybe tracked with some kind of record to show that the BTC gained from sells (of EAC from Price stabilization Fund) would be then turned back around to place 'Buy' Orders, say 25% lower. Seems like this would help with stability, and once we could get a bump back above 20 satoshi range, would create confidence and allow for a self-fulfilling prophecy of new found success.
4. Lets find some way to get new blood involved, new devs, add people to the team, get people excited. Lets do more giveaways to new people to get them interested. Some kind of organized way to market Earthcoin to more people who have given up on it, and wrote it off as dead.
5. Implement something like 'digishield' to prevent the multi-pool miners from just raping Earthcoin and dumping on the market to BTC instantly? This will obviously be more of an issue once the price rises, I doubt its hitting the top of the profitability coins at this time.
Oh, and everyone who gives a damn watch the video I posted in it's entirety.