All those POS coins are doing pretty well. If we just stop adding new coins then the price most go out and you create a shortes of coins.
yes indeed to many coins being generated for the current demand.
I think the supply should be halved asap.
Would like to hear the opinion from the dev team about this (earthcoin account)
What are the pros and cons
I'm working on a writeup on that very subject. I will have it under the news thread before the week is out.
There are a lot of things about the concept of this coin that seem to not be well iterated to the public. I'm trying to fix that. It will be a fairly long post. And yes, I'll post it under the earthcoin account.
still waiting for the writeup ...
Sorry for the delay. I"ve had to deal with a number of personal emergencies and a computer crash over the last few days. I've barely had time to think, let alone write. I haven't forgotten, but I did forget to update everyone as to the delay.
In the meanwhile, TamB has been taking up a lot of my slack. Thanks!
I will be much more active shortly, and yes, I'm still working on the article.
Still waiting...
A new dev team is needed, earthcoin is doomed with the current team.
I'm having a really tough time with life right now. Anyone of you like to step up and take my place as the voice? The dev team is indeed working. They've got new wallets, not just recompiled against heartbleed, completely new wallets ready to go, currently in testing. As of yesterday, they had a few cosmetic issues, but were working great. I've been balls to the wall with personal life, and it don't look to be slowing down anytime soon. Sorry again for the massive delay. Eating came first, unfortunately. EAC is more fun
What I alluded to in the above is that Earthcoin's large amount of coins was intended to make it competitive with mainstream currencies, in time, as people would have a lot of individual units to spend. There is of course a lot more to such a strategy than just that statement. It is my belief that the coin hit the exchanges too early in it's life cycle, and indeed that created both a euphoria and a hysteria. This is a coin that is INTENDED to be used for everyday purchases. So far, only a couple people have really developed anything along those lines (I'm looking at YOU, ATXsilver and Centurion!), but that was always the intent.
Getting there from here is a difficult task. In my case, made much more so by personal issues which would probably bore the shit out of you, but consume great amounts of my time. TamB and CryptoZark have picked up some of my slack, and I thank them for it.
Peace, and I'll try to be more active. In the meantime, that wasn't tongue in cheek. Anybody wants my position, I'll hand it over. As long as the rest of the Dev team agrees.
