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Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 207. (Read 1076368 times)

newbie
Activity: 56
Merit: 0
BITTREX FRAUD! (OR RECKLESS ABANDON?)-- "short and distort" tactics by bittrex bill & julian are being closely watch by SEC just pull us off your scammy exchange you dirtbags we will be putting you on the short list :\  FUCK OFF BITTREX !!!

Please don't post this crap here, this a civilized thread. If you have a legitimate complaint I'm sure it can be discussed but, accusations such as this only create discord.

  

no sir the facts are clear  Roll Eyes

===> bittrex is either incompetent, malicious...or both.
newbie
Activity: 12
Merit: 0
Holy shit I'm tired. Was pumped for the fourth time in last month. Too scared to buy, too painful to miss pumps
sr. member
Activity: 266
Merit: 250
Patience is the key to success
Good luck with your project ! Looking forward to see emc2 in the big league in 1-2 years
legendary
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer

Quote
The project is claiming to target the funding of scientific projects. To do so, they are claiming 2.5% of the total coin supply, those funds are kept by a natural person rather than an escrow
- I am the one keeping the Einsteinium foundation funds, i've been put in charge when the old team left the coin. A multisig wallet is the way to go but with 800k tx to deal with, we'll need to find a way to lower those tx before including a multisig.

Quote
According to the project description, 0.5% are reserved for daily costs, but 90% have been spent so far without public knowledge of the whereabouts
-Need some precision on where you take this 90%. Is it from the the 0,5% or from the total amount in the wallet? Even when we funded Dr.Havekes project, most of the funding from EMC2 was from our own pockets not the funds wallet.
Big accusation you're making there.

Quote
The actual node code is not matching the propagated specifications in terms of block halving and total coin supply
-The code need to be update, you know that. We're working on it. You know really well that the original code had many flaws. It can't be resolve in one update and in a week.

Quote
Any development, if there is any, is done in a hidden manner. Open Source Repositories do not show any public development branches.
-You know really well that EMC2 code is 3 years old and a lot of work has to be done to make it up-to-date. It can't be rushed, when the code will be ready, it'll be available. Do you know a lot of projects that make available their test code to anyone? The work is done in private then make public when ready to release or in Beta.

Quote
Bug fixing, if there is any, (and as we know the current nodes contain some issues) is done privately as well
-We welcome anyone who wish to work with us to join the team. Making bugs public isn't the best way to secure the network and the money of everyone involve.

Quote
Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
-Which websites are you talking about? The store, the platform or the foundation website?

Quote
A cluster of test net servers including nodes provided by PM-Tech and dedicated to project development hasn't been used once
-We're setting our own test net servers.

Quote
Any other development or testing infrastructure is not known to PM-Tech nor to the public
-Why should it be known to you?

Quote
There are for sure some very talented volunteers to the project, but still there is no infrastructure (as mentioned by CWI crysx himself, currently they are not holding any SCRYPT mining power on their own)
-There's still a lot to do to EMC2. The project got back on track when bluelab joined the team in december. In 6 months, you expected the team to create everything from 0? We welcome all the ideas from the community. We're a small team and you know that.



For the segwit question:
SegWit will be implemented in the new 0.13.3 Einsteinium core, because we are following the newest trends set by Bitcoin and Litecoin, but weather it will reach consensus it is up to the community of miners.
sr. member
Activity: 1540
Merit: 255
The market is still hot now. The price of this coin seems to have gone up many times

Still, there is a big chance that the price of EMC2 will increase in the future. Still, there is big growth in the coin once we can see results only when there is some developments should release.
full member
Activity: 154
Merit: 100
The market is still hot now. The price of this coin seems to have gone up many times
legendary
Activity: 1045
Merit: 1000
Trolls spaming means something big is coming. Time to buy emc2
full member
Activity: 183
Merit: 100
All of you who've trolled down EMC2 are full of shit and you did it only with one intention to drive the price down in order to buy it for cheap but guess what?  some of you will be burned because it won't go any further so we gonna see the PANIC BUYBACKS very soon. So enjoy... Grin
member
Activity: 110
Merit: 10
What have you contributed personally to this project? If you feel that you can do something better - you should take the initiative !!!

Developers invested their precious time, hard earned money and most importantly their souls into this project and they are working very very hard right now in order to achieve the ultimate goals for Einsteinium Foundation.

It's very easy to just sit at the chair and speculate about what else could be done better. If you really want to help - then be our guest otherwise, you should stop shitting in this thread!!!!

Well, to give an answer to this first two sentences:

- PM-Tech has contributed software, hardware and a lot of time. That's actually why we know and understand almost every single line of code by heart.

- We are evaluating the possibilities in the background, don't worry.

- The first two answers include the third one I guess...

A little word to the syncitgroup and their web shop as previously I didn't mention that explicitly in order to avoid confusion. In my original post I was talking about the project and as it is announced and published. A web shop or any other kind of side project under EMC2 core responsibility is - intentionally - not under our watch, so we can't give - and are not intending to - any qualified statement.

I would also like to drop a few regarding my motivations behind all this as it appears that some very convinced parties are propagating that this is a personal crusade in bloody thirst for revenge. This isn't true at all. As anyone can see and read, all points can be verified by everybody and in order to stay professional I'm only posting the corporate reaction and the main points which influenced our decision. I haven't - and will not - discuss or explain our internal conclusions here or in other public channel.
My clients (and even myself) have (or in the meanwhile had) some serious value invested into this project and it's possible outcome so by nature everything has been on close watch and backup scenarios have been put in place. We can see not only here but throughout the altcoin market, that people easily get over-enthusiastic about information they couldn't verify and at that point on the other end of the food chain somebody is already waiting to catch them and empty their pockets.
Now as a company, we are dedicated to do the journalism in the background and give our clients an objective review. So why not simply staying within our circle of clients but publishing those points which actually should be in anyones head before investing? During almost all of my active time I have been approached by people, even kids, for whom it would be devastating losing even a tiny fraction of what we in our daily lives call an investment.  Some of them might be our clients in future, but all do have the need of a trusted party which we are trying to be for each and everyone.
newbie
Activity: 47
Merit: 0
Hi uacoin,

If you're talking about me:
First of all I'm invested into this coin , trade it, and want it to grow steadily.
And because of that i'm not shitting in this thread BUT posting my thoughts what should be done or done better.

Anything I'll be able to, I'll do!
bringing the idea of EMC2 to the People
helping them to mine, buy and trade emc2, etc.
writing german Twitter,
did many hours of wallet-testing especially on mac,
and other things.

Hopefully you did A LOT more otherwise get started now!


full member
Activity: 183
Merit: 100
What have you contributed personally to this project? If you feel that you can do something better - you should take the initiative !!!

Developers invested their precious time, hard earned money and most importantly their souls into this project and they are working very very hard right now in order to achieve the ultimate goals for Einsteinium Foundation.

It's very easy to just sit at the chair and speculate about what else could be done better. If you really want to help - then be our guest otherwise, you should stop shitting in this thread!!!!
newbie
Activity: 47
Merit: 0
Morning together,

Mike collected points which many of us tried to find out as well.

1)
I am missing steady updates on a more detailed roadmap.
it is a month behind (may) and ends in august.

2)
I am missing a development blog on tech basis with regular updates.
Open points have to be mentioned there plus when they are expected to be done.
blockchain updates, segwit? releasedate? any develpements here?
wallet .exe deleted by Virus Scanners - when to be fixed?
notes about bugfixing in general.

btw, who is the core/blockchain developer?
Teampage on emc2foundation doesn't show one.

3) syncitgroup
same here: i'm missing Information
Details on the store and what will be the unique selling proposition?

Look at syscoin bockmarket / blockmarket-desktop and their roadmap/blog
Thats how people want to get informed.

Mike did post some severe points about the funds and the Code not matching the specifications.
Please be quick and answer as detailed as possible.

Andy.
legendary
Activity: 1162
Merit: 1000
Trolls VS Einsteinium  Grin

It's a little tickle. But the trolls are still popular and will soon be drowning.
newbie
Activity: 56
Merit: 0
As for the gained knowledge and experience so far, I wouldn't bet too much on EMC2 right now, here are the facts and observations which have caused PM-Tech recently to quit support and is also referring to the coin as high-risk to it's customers:

  • The project is claiming to target the funding of scientific projects. To do so, they are claiming 2.5% of the total coin supply, those funds are kept by a natural person rather than an escrow
  • According to the project description, 0.5% are reserved for daily costs, but 90% have been spent so far without public knowledge of the whereabouts
  • The actual node code is not matching the propagated specifications in terms of block halving and total coin supply
  • Any development, if there is any, is done in a hidden manner. Open Source Repositories do not show any public development branches.
  • Bug fixing, if there is any, (and as we know the current nodes contain some issues) is done privately as well
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
  • A cluster of test net servers including nodes provided by PM-Tech and dedicated to project development hasn't been used once
  • Any other development or testing infrastructure is not known to PM-Tech nor to the public
  • There are for sure some very talented volunteers to the project, but still there is no infrastructure (as mentioned by CWI crysx himself, currently they are not holding any SCRYPT mining power on their own)

Those and even more points shouldn't break off another fight but have been observed by us and also reflected as concerns by a large portion of the community. Re-gaining people's trust is going to be a lot of work and will not happen from one day to another. But as it is my job, I will continue watching.

So long,
Mike




Hi Mike,

I don't want to start discussion with you as there is no point but as I said to you and to your "counterpart" developer with whom you had issue, your private fights shouldn't take place here. And this statement of yours as a result of your fight is not proper at all. As it is a result of your fight with him. Also I found very interested statement "
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
". I found my self and my company's project here. If you were referring to demo website which we are developing http://4you.emc2.syncitgroup.com then you are so wrong. The store will be published very soon as a C2C ecommerce store with PayPal c2c payment integration. And if you think that any serious Company would publish its work every 2 days just to indulge someone's wishes - you are also SO WRONG. Today I can say that first emc2 c2c e-commerce site will be done and published any day now. Also, SyncIt Group Company will join  efforts with current developers to speed up development of emc2 wallet. After that the wallet will be implemented n 4you store. We'll implement wallet and its API as a public Magento extension so other stores can use it as a payment gateway. First will release extension  for Magento 1.9.x and after that for Magetno 2.x.

SyncIt Group Company and our portfolio guarantee for this.http://www.syncitgroup.com/our-portfolio/

And for you Mike, one business advice. Don't spit on your former team. That more tells about you then about them/us and about future of emc2 coin.


paypal? lol .. we don't need paypal bruh Cool
newbie
Activity: 1
Merit: 0
As for the gained knowledge and experience so far, I wouldn't bet too much on EMC2 right now, here are the facts and observations which have caused PM-Tech recently to quit support and is also referring to the coin as high-risk to it's customers:

  • The project is claiming to target the funding of scientific projects. To do so, they are claiming 2.5% of the total coin supply, those funds are kept by a natural person rather than an escrow
  • According to the project description, 0.5% are reserved for daily costs, but 90% have been spent so far without public knowledge of the whereabouts
  • The actual node code is not matching the propagated specifications in terms of block halving and total coin supply
  • Any development, if there is any, is done in a hidden manner. Open Source Repositories do not show any public development branches.
  • Bug fixing, if there is any, (and as we know the current nodes contain some issues) is done privately as well
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
  • A cluster of test net servers including nodes provided by PM-Tech and dedicated to project development hasn't been used once
  • Any other development or testing infrastructure is not known to PM-Tech nor to the public
  • There are for sure some very talented volunteers to the project, but still there is no infrastructure (as mentioned by CWI crysx himself, currently they are not holding any SCRYPT mining power on their own)

Those and even more points shouldn't break off another fight but have been observed by us and also reflected as concerns by a large portion of the community. Re-gaining people's trust is going to be a lot of work and will not happen from one day to another. But as it is my job, I will continue watching.

So long,
Mike




Hi Mike,

I don't want to start discussion with you as there is no point but as I said to you and to your "counterpart" developer with whom you had issue, your private fights shouldn't take place here. And this statement of yours as a result of your fight is not proper at all. As it is a result of your fight with him. Also I found very interested statement "
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
". I found my self and my company's project here. If you were referring to demo website which we are developing http://4you.emc2.syncitgroup.com then you are so wrong. The store will be published very soon as a C2C ecommerce store with PayPal c2c payment integration. And if you think that any serious Company would publish its work every 2 days just to indulge someone's wishes - you are also SO WRONG. Today I can say that first emc2 c2c e-commerce site will be done and published any day now. Also, SyncIt Group Company will join  efforts with current developers to speed up development of emc2 wallet. After that the wallet will be implemented n 4you store. We'll implement wallet and its API as a public Magento extension so other stores can use it as a payment gateway. First will release extension  for Magento 1.9.x and after that for Magetno 2.x.

SyncIt Group Company and our portfolio guarantee for this.http://www.syncitgroup.com/our-portfolio/

And for you Mike, one business advice. Don't spit on your former team. That more tells about you then about them/us and about future of emc2 coin.

This is the news for this month?
full member
Activity: 147
Merit: 100
If trolls are atacking,there will be some nice announcements soon,but looka like it is secret... Sad
newbie
Activity: 4
Merit: 0
As for the gained knowledge and experience so far, I wouldn't bet too much on EMC2 right now, here are the facts and observations which have caused PM-Tech recently to quit support and is also referring to the coin as high-risk to it's customers:

  • The project is claiming to target the funding of scientific projects. To do so, they are claiming 2.5% of the total coin supply, those funds are kept by a natural person rather than an escrow
  • According to the project description, 0.5% are reserved for daily costs, but 90% have been spent so far without public knowledge of the whereabouts
  • The actual node code is not matching the propagated specifications in terms of block halving and total coin supply
  • Any development, if there is any, is done in a hidden manner. Open Source Repositories do not show any public development branches.
  • Bug fixing, if there is any, (and as we know the current nodes contain some issues) is done privately as well
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
  • A cluster of test net servers including nodes provided by PM-Tech and dedicated to project development hasn't been used once
  • Any other development or testing infrastructure is not known to PM-Tech nor to the public
  • There are for sure some very talented volunteers to the project, but still there is no infrastructure (as mentioned by CWI crysx himself, currently they are not holding any SCRYPT mining power on their own)

Those and even more points shouldn't break off another fight but have been observed by us and also reflected as concerns by a large portion of the community. Re-gaining people's trust is going to be a lot of work and will not happen from one day to another. But as it is my job, I will continue watching.

So long,
Mike




Hi Mike,

I don't want to start discussion with you as there is no point but as I said to you and to your "counterpart" developer with whom you had issue, your private fights shouldn't take place here. And this statement of yours as a result of your fight is not proper at all. As it is a result of your fight with him. Also I found very interested statement "
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
". I found my self and my company's project here. If you were referring to demo website which we are developing http://4you.emc2.syncitgroup.com then you are so wrong. The store will be published very soon as a C2C ecommerce store with PayPal c2c payment integration. And if you think that any serious Company would publish its work every 2 days just to indulge someone's wishes - you are also SO WRONG. Today I can say that first emc2 c2c e-commerce site will be done and published any day now. Also, SyncIt Group Company will join  efforts with current developers to speed up development of emc2 wallet. After that the wallet will be implemented n 4you store. We'll implement wallet and its API as a public Magento extension so other stores can use it as a payment gateway. First will release extension  for Magento 1.9.x and after that for Magetno 2.x.

SyncIt Group Company and our portfolio guarantee for this.http://www.syncitgroup.com/our-portfolio/

And for you Mike, one business advice. Don't spit on your former team. That more tells about you then about them/us and about future of emc2 coin.
full member
Activity: 267
Merit: 150
Trolls VS Einsteinium  Grin

last time we had trolls price went from 100 sat to 600 sat
full member
Activity: 183
Merit: 100
Trolls VS Einsteinium  Grin
hero member
Activity: 798
Merit: 1000
As for the gained knowledge and experience so far, I wouldn't bet too much on EMC2 right now, here are the facts and observations which have caused PM-Tech recently to quit support and is also referring to the coin as high-risk to it's customers:

  • The project is claiming to target the funding of scientific projects. To do so, they are claiming 2.5% of the total coin supply, those funds are kept by a natural person rather than an escrow
  • According to the project description, 0.5% are reserved for daily costs, but 90% have been spent so far without public knowledge of the whereabouts
  • The actual node code is not matching the propagated specifications in terms of block halving and total coin supply
  • Any development, if there is any, is done in a hidden manner. Open Source Repositories do not show any public development branches.
  • Bug fixing, if there is any, (and as we know the current nodes contain some issues) is done privately as well
  • Some drafts of websites presented to community channels so far did only contain a few headlines, no detailed information nor any functionality
  • A cluster of test net servers including nodes provided by PM-Tech and dedicated to project development hasn't been used once
  • Any other development or testing infrastructure is not known to PM-Tech nor to the public
  • There are for sure some very talented volunteers to the project, but still there is no infrastructure (as mentioned by CWI crysx himself, currently they are not holding any SCRYPT mining power on their own)

Those and even more points shouldn't break off another fight but have been observed by us and also reflected as concerns by a large portion of the community. Re-gaining people's trust is going to be a lot of work and will not happen from one day to another. But as it is my job, I will continue watching.

So long,
Mike


Thanks for the heads up.

All good points.. I think an escrow at this point would be overkill and would still add risk.
the only way to really secure the development fund coins would be to split them across multiple wallets and secure them with multi factor authentication.

lets just hope that the wallet is safely encrypted, stored on an encrypted volume and kept in cold storage.

I think the bigger risk is that of stolen coins from exchange hacks being dumped into the market at any moment.
In any case, the Etherium DAO hack has already proven that, given community consensus, any security breach can be overcome.

Agreed that greater transparency however would increase trust.
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