Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 84. (Read 840344 times)

Go read the disaster stories of TAG(TagCoin) and STR(StarCoin)... two that I was involved in... multiple forks, large percentages of orphans, confirmed blocks being orphaned after 500 or more confirms, negative timestamp POS block insertions... there are dozens, if not hundreds of exploits in POW/POS code... TeslaCoin is another POW/POS coin that I mined from launch that was has been troublesome.

EAC has been oversupplied since a few weeks after launch because the promotion and marketing team never delivered the infrastructure that was needed to start EAC circulation. EAC still does not have paper wallets, no android wallet and the list is as long as your arm. So for EAC to rally and become valuable there is a lot of catch-up needed to be done.

You want to see active dev teams... go look at POT, DOPE, KDC, DGB, DRK, NOBL... to name a few... then come back and take a long look at EAC... it is self-explanatory.

And right now... that is happening... the community and dev team are getting organised and things are moving forward again.

Block reward 10,000
1 block every minute
=> 600,000 EAC every hour
=> 14,400,000 EAC every day
=> Everyone already has as much EAC as they could possibly ever want.

Stupid for me to be telling this as I'm holding 20M that seems to lose 1/3 of the value daily already but I guess it has to go to 1 satoshi before it will stabilize.

Is it true 20 million EAC are mined everyday?

Don't worry, everyone is selling at 14.

don't sell for less than 14 or 15. let the dumpers sell off all their coins for 13 or less but please don't sell below 14. the coin will rise again. make 'em pay, lol.

*retards on cryptsy, this means you, stop constantly devaluing your coins, DUH!!!!

Can you elaborate? I'm honestly interested.

Btw, the point isn't whether to PoS or to not PoS but the point is there are too many coins being generated to keep the price steady - it's going down constantly which makes people reluctant to adopt it. And this will last almost a year still.

The foundation of any coin is its code... without solid code... the whole network is in jeopardy and thus the coin as a currency is weak and vulnerable.

Dogecoin is a pure PoW(Proof of Work) coin... yes... there have been a few hardforks because the code that Dogecoin was launched on was vulnerable to several security risks including an exploit that would let a hacker gernerate unlimited coins.

The code for PoS is vulnerable to some many exploits, it is unbelievable... negative time blocks, timestamp retargets, high percentage of orphans(15% is considered normal), blockchain merging, the list can go on and on.

I am not a coin dev... I am not coder... I am not even a decent Linux user... but what I am is a miner... I mint coins and confirm transactions for coins... if you do not understand this is very basis and foundation for every crypto-currency, including BitCoin, then you need to rethink why you are involved in crypto-currency. Everything that a crypto-coin is used for or valued for is based on a secure and solid coin code supported by miners providing security and strength to the blockchain.

You may be a speculator, day-trader, investor, bag-holder, merchant, customer, etc... but everything  you do depends on the miners of that coin... and while every miner is going to mine and dump some coins to pay the bills, repay equipment, invest in more mining equipment... all miners in the end are looking for the same thing... a stable and secure coin code. Miners do not invest tens of thousands of dollars and endure power bills that run into the hundreds of dollars a day to throw their hash-rate at a coin that is weak and vulnerable. That is like burning money.

As long as the original code of the coin remains intact and unaltered, I am a long-term miner, investor, and supporter of EAC... it is the great strength of EAC and will see EAC become a solid and usable global currency.

The more I mine and learn about coins and the code that makes a coin, the stronger my belief in EAC as it stands.

So I Repeat... Leave The Code Alone!!!

Crapcoins. Doge has changed it's code many times, even recently. It lived. Even did better. If you dump now, your coins will "circulate." Please do.

If you noobs want to stay, not looking to the future, then EAC is dead in the spot. And since the dev turns out say POS is inflation. Im out. No use to say anythign anymore im dumping EAC and change NXT~

+1

If EAC implements POS(proof of stake)... I will dump all the EAC I own and walk away and never look back.

That is not a threat... a simple statement from hard experience working with POS coins.

Nothing about the code of EAC needs to be changed... at this point and time I do not even support implementing KGW(Kimoto Gravity Well) with the recent findings of time warp exploits that were discovered and published here - http://culubas.blogspot.com.au/2011/05/timejacking-bitcoin_802.html - are have been tested and proven on testnets and will soon be tested in real life against AuroraCoin by BitcoinEXpress - https://bitcointalksearch.org/topic/delete-516326 - although it appears that the AUR devs have worked with BCX to find a fix.

The notorious 'John' may have walked away from EAC with some of the bounty, but his legacy is one of the single most solid coin codes among alt-coins. Doing anything to the coin code is suicidal, short-sighted and downright stupid.

I have been personally involved in the code change disasters with TagCoin and KlondikeCoin... both coins are still on life support and are only surviving on the good will of the community or the devs.

What EAC needs is circulation... and it will become valuable again.

Leave the code alone!!!  

btw, it's right to note that only 30M EAC need for dump price to 5 or 4 satoshi...
this situation is really very dangerous for coin.
nobody wants to assume himself the risk of trading at this price for high amounts. actually, at 14, 1 satoshi more or less equal at 7% gain or loss.

yes, as said by "eartcoin" above, if the community start to buy a little bit everybody, and not for sell immediatly, we can made a classical bump, and market, that is really moved by emotions, can start to buy himself.. but we have not to sell behind a certain price never.
we are able to do that? i don't know...  

it need lot of BTC for do that..

(sorry for my english.. as usual  )

How much do you want for them?

POS is inflation. if you want definitively kill this coin, then get POS.

Where have you been? If you had followed the progress as closely as myself and many other dedicated members, you wouldn't have to ask us that. Please read the last 20 or so forum pages and you will be up to speed.

we need switch to POS, i am sick of feeding miners.

fine.i decide to dump EAC, its easier for everybody

how to rebuild? any plan?

POS IS inflation, from any viewpoint including Keynes. We're trying to rebuild, not shoot the baby in it's crib.

Jesus Christ. Tell yourselves a lie long enough you just might start believing it.

When this coin was at 180 satoshi, people asked for info on the behind the scenes development. WESand EAC or whatever kept saying soon soooon. And then it went sub 100 to 70.

Still there was a lot of back patting and "soon" sentiments calling anyone one with a different opinion a troll.

Then the coin went sub 50. Common sentiments being "SHUT THE FUCK UP ABOUT THE PREMINE".

Then sub 30. The former cheerleaders started to slowly realise their baby was dying. Devs were silent at this point.

Sub 20. The cult members who bought at 80 and told me to shut the fuck up were now scared and asking for the premine too little too late.

Now someone suggests a POS model to help curb the infaltion and all you jokers can think of is "LONG TERM!!! EAC WEAK HANDZ!"

It's like you guys don't even learn from your mistakes AT ALL.

And then you claim you can use EAC to but trinkets. Well I can trade a bubble gum for a hair pin, does not mean that is a currency. This coin will be sub 10 satoshi soon and you people will still be saying "LONG TERMZ" while asking other people to tell their friends about EAC.

The utter nerve of you guys. You have successfully burned all your potential investors and chased away the little fans you had left. Good job guys. "LONG LIVE EAC! LONG TERMZ!" just like every other currently 1 satoshi coin out there.

Baby steps, man! Let's go for jewelry and silver first... Oh, wait. We got that. Maybe Houses ain't such a bad idea!

This coin ain't dead. I didn't start it, but this is my baby now. I'm not a quitter. It didn't go according to plan (as the above post), but I bought EAC today, and I will continue to acquire it and TRADE it for goods and services. I'll write for it, I'll sell trinkets for it. It ain't dead, it's in its infancy. We had one growth spurt, which settled down. We had a childhood illness, which is being cured. The Earth is our oyster, let's CLAIM IT!