Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 287. (Read 1076409 times)

http://einsteinium.org/ is not owned or controlled by The Einsteinium Foundation, or Einsteinium (EMC2 - the coin), it is privately owned.    

We (the new mgmt) are currently reaching out to the owners of http://einsteinium.org/ to ask them to donate the site and or domain to
the coin, or to allow the foundation to manage it.  We have not received a response to any of our inquires.  

At this point it is clear to us that they are incommunicado, as such we should consider replacing the site and domain.  Please take the opportunity to express
your thoughts on the matter, and vote your interest.   What do you want us to do:

a) use Einsteinium at the end of some free website address and temporarily use that
b) use Einsteinium with a different extension:  currently available are einsteinium.today, .website, .me, .uk, .rocks, .club, .guru, .email, .tv, .co, .eu, .es
c) change name a bit keep org, for example emc2foundation.org
or
d) other (please elaborate)

Votes will be tallied on Friday.  This subject elevated in terms of priority because we are reaching out to various individuals and entities
(youtube channels and schools regarding sponsorship, coinpayment.net, coin merchant sites, etc ...) for various reasons and have a site need
outside of this discussion board, facebook, or other available resources.  

We will send out messages via facebook, twitter, and other social media however only votes cast in this thread will be counted towards the action.

Here is some more info about their voting system
https://www.coinpayments.net/help-charity-vote

CoinPayments Charity Coin Vote
Building on our experiences in our previous public votes and after weighing our options, we have decided to hold this public coin vote off of our usual forum. This should open it up to even more people since they won't have to register for an account there.

This time we've also turned the vote into a charity drive for Sean's Outpost. Each vote will require a donation of 0.001 BTC (or LTC/DOGE equivalent) with a side effect of helping deter paid vote manipulation.

Rules
Only 1 vote is allowed per person. Additional votes will replace your earlier votes. Votes determined to be fraudulent or paid-for will not be refunded (the funds will of course still be donated to the charity). Doing any of the following will disqualify your vote: (Sorry we have to take such a hard line on this, we just have rampant cheating during each vote.)
Starting a vote then having someone else do the donation.
Placing a vote then getting a reimbursement or reward of any value (for example: crypto or fiat currency, access to a site that normally requires payment, coupons or discounts, etc.)
Using Tor or similar = automatic disqualify (during our last vote we only had 3 valid votes from Tor users)
IPs listed in HTTP:BL or other spambot/botnet blacklist = automatic disqualify
This is not a complete list, anything that violates the spirit of the rules will be disqualified.
Remember: This vote is not about trade volume (a lot of that volume is people trading the coin for BTC/LTC or to hold for long term investment) or which coin backers have the biggest advertising budgets; it is about how many people genuinely want to purchase items using a particular coin.

Transparency
We will not collect any fees on the donations, 100% of the proceeds will go to Sean's Outpost. Once the vote is over we will follow this procedure so anyone can verify we made the donation:
Any LTC and DOGE collected will be converted to BTC via Cryptsy at the then-current exchange rate and added to the BTC collected directly.
We will post the BTC, LTC, and DOGE totals at http://pastebin.com/ and on this page. This will provide a permanent timestamped reference of what we will send to Sean's Outpost.
The next day (since Pastebin only shows the date of the post) we will send the BTC to Sean's Outpost at http://seansoutpost.com/donate-2 and post the transaction IDs on this page.
We will ask Sean's Outpost to tweet or provide other verification of the donation.




Here is a related vid:
https://www.youtube.com/watch?v=ttgl8HRCA1A



Remember, before we get to vote we must work to get the coin on the ballot =  https://www.coinpayments.net/coinreq








use above image as a guide at the following:  https://www.coinpayments.net/coinreq   to nominate EMC2 as an official currency for hundreds of stores that coinpayments.net provides services for we need many nominations in order to qualify.  This isn't something only a few people can do, community involvement is necessary for nomination, as well as the vote process after nomination.

Hi all

we are looking at getting EMC2 added to https://www.coinpayments.net so websites can use their payment gateway to accept Einsteinium coin.

At this stage, we firstly need to get onto their 'Public Vote' list. We would really appreciate community support to get us onto this list (the form will ask you to add some basic technical info on EMC2 which can be found on the first post in this thread).

If any of you can spare a few minutes, can you please go to https://www.coinpayments.net/coinreq and request EMC2 be added to their vote list.

Thanks for your questions,  the coin was and continues to be about doing what we can to improve science, this presupposes many things:
- that the coin exists,
- that the community supports the coin,
- that the coin is responsibly lead,
- that we have the human resources to manage it,
- that we are able to maintain the coin's upkeep,
- that we are able to be effective with the monetary and human resources available,
many of those things were in doubt, weak, or ineffective.  So the first plan was to stop the bleeding of equity and to restore the basic vitals of the coin -- goal accomplished.

The 2.5% mining tax is good if the coin is worth 1000+ sat, but is impracticable at 100 sat, in my personal estimation the tax should not be triggered until EMC2's value is 1000 sat across 3 major markets for at least a week.  But we are not rewriting rules as of yet, at this point we are working with the hand dealt to us.  

Project funding was turned off for a long while, we turned it back on only days into our administration.  We asked the community for project nominations, and we asked for volunteers to help us find projects to fund.  Two days ago, 1 person agreed to volunteer to help us find a youtube channel dedicated to science that could be sponsored by EMC2.   From our list of about 100 names we hope to find 2 that we could sponsor.   The anticipated cost is 10,000 EMC2 per sponsored video, 2 vid max a week.     This allows us a measure of impact given the present financial state of the coin.

If everyone that owns EMC2 volunteered only 4 hours a week to the cause the coin would easily be worth 0.00010000 btc per EMC2.  

Here's a perfect example of how we would use volunteers efficiently and effectively:
1) compile a list of 10,000 middle and high schools around the world,
2) contact all of the schools on the list to inquire about being a sponsor at their science fair,
3) select 10 people from all of the science fairs sponsored, to receive a project award, hopefully they are located in all different regions of the world,
contact media to provide good coverage of the event
4) encourage all listed schools to organize EMC2 clubs; clubs learn about CC, mining, the build rigs, write code, and even make some money for their school,
5) for a set of schools that we feel are deserving we provide each with a computer so that they could mine EMC2, we also provide them with a sponsorship mining pool, as the school mines EMC2 they also receive pool donations.  These schools will be primarily selected based on financial need, EMC2 club participation, and science fair sponsorship.
6) for each of the individual schools in another set of schools we create a crowd funding campaign to provide each school with the equipment necessary to make a very powerful rig to enable the school to mine EMC2, these schools would likely be the most engaged EMC2 clubs
7) each event be publicized, depending on the size of the event we will request greater coverage.  From the point that we receive our first school to sponsor, or notice of our first EMC2 club we will seek someone to document it on film to create a EMC2 documentary showing how CC can improve life, science, education and income.

We need volunteers.

You mentioned a store; a store that uses EMC2 is coming soon and is expected to benefits the coin and the community in many ways:

1) Donation - 40% of net paid fee from this site are donated to the  care and development of EMC2.
2) Currency Validation - when you buy or sell EMC2 using some other currency (btc) to facilitate the transaction, the btc is the currency and the EMC2 is the commodity.  When you use EMC2 at the store to buy a test tube, EMC2 is a currency(the medium of exchange of goods or services).
3) Branding - expect to see some very special EMC2 items: coin, clothing, science equipment.  Also, many other types of goods and services. and
4) Destination Location - very competitive rates for science related items.  So the science community will have many reasons to learn about EMC2.

A formal announcement will be made when there are items to sell.

Its good to see that armis et al  have taken over. What I would like to know is, if there is any general plan what this coin is going to be about? I am feeling like cryptoworld has been running after features, treating things like anonymous transaction like the holy grail without realising that those features are completely useless for 99% of the users right now. I understand that altcoins are kind of a play-ground to show what is possible, so this is to be expected.

If you look around cryptoworld, more and more coins are created, that claim to have actual usability besides the odd shop where you can spend them (thats still important though). Emc2 started with the (back then) unique idea to fund science. Are you planning to pick that up again or something completely different? There still is the 2.5% mining tax?

Im doing what i can on poloniex and mintpal, and a little on  cryptsy, but much more resistance there. 

30 100+ sites contacted to see if they will accept EMC2 as currency for purchase & if they want to list on einsteinium.biz....

We also have an extra volunteer...

Happy days ahead for coin holders..

Today is a bad news day for sure for EMC2 here's why:

- Poor Test Results For New Wallet (aka Ryan's wallet)
- The EMC2 Market Nose Dive

The parting gifted to the community that was provided by Ryan was extensively tested, we are sorry to report that although it is esthetically stunning it failed to perform as expected or to a standard above our existing wallet.  A more comprehensive review will be provided in the upcoming "Report To The Community" message.

As of the posting of this message EMC2 has taken an EXTREME nose dive at all of the markets, mintpal seems to have dropped the lowest from 72 to 43 -- pure insanity.  At the time of this message Mintpal is reporting a last price of 43 sat.   Now its one thing to buy at that ridiculously low, low price, but it makes absolutely no good financial sense to sell at that price.   Any price below 65 sat for EMC2 at this time is a super bargain.   I'll detail why EMC2 should not sell too low in the upcoming "Report To The Community" message.

EMC2 mgmt is monitoring all markets at all times.  If anyone has a desire to sell any amount of EMC2 for anything less than 50 sat please let us know, selling that low publicly at this time in our redevelopment damages the coin.  



Now is a perfect time to remind the community of The Guardians

The Guardians [name subject to change] is a group of EMC2 holders who are committed to the structural integrity and financial viability of EMC2.

It is a private list of individual investors who can be called on to buy EMC2 at a moment's notice when large volumes of EMC2 are offered up privately for sale.   This system will serve to prevent, slow, or halt panic sell-offs.

It is currently open to all, but will eventually be prioritized based on dependable and ability:  track record of program performance, tenure of unused funds, amount of unused funds, community engagement (volunteer),  and response time, financial ability.

Using today's panic sell-off for example.  If those sellers contacted us before they sold at such low rates we probably would have gotten them more money than they received on the open market.   If you are going to sell, please don't hurt yourself and please don't hurt the coin, please sell at reasonable rates.   

This tool is a financial security feature that checks unjustified negative downturns that easily result in panic sales far below rational levels.   If you see a big drop in price, before you sell contact us. 

This is currently a free service but whenever it changes the fee charged will be lower than if the transaction was conducted at Mintpal, Cryptsy, or Poloniex. 





If you want to be an EMC2 Guardian please contact one of the admins we have 8 seats remaining.   

Community not active enough

Nice to see some life back in the coin, well done team

Posted on Cryptocointalk https://cryptocointalk.com/topic/16286-einsteinium-emc2-poloniex-giveaway/

Yes, please tell others to get their piece of the action via: twitter, facebook, IRC, reddit, or other places on this site. 

 

This is quiet good,

Giveaway live on poloniex, for those interested.

Lethn, thanks for the question, I presume it is regarding Einsteinium.biz since it is the closest possible project related to shopping.  If so, there are no immediate plans for a shopping cart, the order process will be rudimentary: customer merchandise inquiry via email, biz invoice reply, customer payment for order.  

In an ideal situation the EMC2 community recognizes all of its resources and maximizes each to enable the whole community to enjoy greater benefits across the board.  EMC2 is much more than a commodity to buy or sell, it is a currency to use to buy and sell OTHER things, it is also a way to enable EMC2 clubs at schools to reduce education expenses ...

With that said, your idea is brilliant, how can we help you to make your bright idea shine brighter for everyone?

Armis, what plans do you have for a shopping cart? I talked to OldMiner about this a little earlier in the thread, for the record I'm no PHP programmer in the slightest but I would really like to see an altcoin pick this up.

Report To The EMC2 Community


Progress
2 weeks in, EMC2 is moving solidly in the right direction:


​


EMC2 Is Getting Promoted
Thanks to the generosity of Praxiscat (administrator emerita) and Sashorx (CTO of TitanBIT.net) the Poloniex Giveaway fundraiser was a success,
the campaign raised a total of 100,000. EMC2.  The 50,000 EMC2 balance necessary to meet the minimum requirement has been contributed from
EMC2 Trust Funds budgeted for that purpose.

This new administration's first official payment - 150,000 EMC2 to Poloniex, will be issued as 3 50,000 EMC2 payments (the Trust fund has a
maximum transaction payment limit).   It should be noted that the functionality of the wallet did not, and does not, permit us to exercise an ideal
level of accountability and responsibility.   We are unable to issue the self auditing payment (all out and back in), and we are unable to create
multi-sig from our side of the transaction.  

The Poloniex Giveaway will start this week.  

Everyone is encouraged to take part in, by taking part of, the giveaway.


Bits of Good News
1st escrow account - our first escrow account is now in place, we are working on adding others primarily because the Trust Fund account is so
difficult to manage.  This account will likely be used to maintain the .5% part of the 2.5% mining tax.  A different escrow accounts will be used
to hold funds between trading partners for private transactions.

Block Explorer is back - we contacted the site owner about: https://altexplorer.net/chain/Einsteinium, at the time it was not generating updated data,
we are please to report that the app has been updated and is reporting fine.  We are working on having the major typo corrected -- did you notice it?
We are still working on a way to track trust funds as you can see it is not reporting accurately: https://altexplorer.net/address/EKnqTC9XEuucZEhD3miDGnbJxBptcxhByA
the file is too big for normal system searches which is also why it is so difficult to manage.  

A New Exchange? - yes it is true, we added a new exchange to the list.  Unlike our major exchanges, Saso Mezgeck, CTO of TitanBIT LTD (www.titanbit.net)
invested in EMC2, and has sponsored our first promotion.  We appreciate his engagement and hope good business could come from this.   We're going to look
into opening an escrow account there, if so we will do a comprehensive analysis and review of the exchange.

Paper Wallet Generator -  according to this video   https://www.youtube.com/watch?v=9eTkiGGzOME  you can go to this site: www.cryptolife.net/upwg to
generate paper wallets.



Investment
We are constantly putting measures in place to facilitate safer investing with EMC2, currently we have:    

 - market monitoring,  we are constantly looking for significant indications that can adversely effect the coin or community;
 - the valuation report, tells you specifically what EMC2 management believes about the value of EMC2 that very day, allowing you to make informed choices;
 - the Guardians, a group of EMC2 holders who can be called on to buy EMC2 privately at a moment's notice when large volumes of EMC2 are offered up for sale.  
   This serves to blunt the effects of malicious dumps that often result in panic sell-offs.



Valuation
We believe a well informed investor is the best hope for the financial security of the EMC2 community, and the coin itself.  
Periodically, and at critical points, we will provide a brief assessment of what we individually feel EMC2 is worth at the time of the report.    
Market indicators are pointing to this being a very active week for EMC2 as such we are providing this valuation report.

The question is: "What is EMC2 worth Monday Sept. 15, 2014?":

Oldminer said: "I still consider EMC2 to be highly under-valued & oversold. In that regard, I still expect the
coin's value to increase dramatically in the near future.  My current valuation for EMC2 is 200+ satoshis..."


Djnocide said:  "the value should be around 100 satoshis, the community respond positively to
the actions taken by the board members.  Everything is falling into place to put this coin back on its feet. it hold a greater value
but we need put everything in place for it to reach it."


Armis said:   "in my opinion today EMC2 is worth 125 sat, additionally, because the market is eagerly
anticipating 150 sat I expect relatively high volume, regardless of price, all this week, perhaps the highest seen in over 100 days.  
Although I'm encouraged by market indications,  I don't believe the current market can support a value above 175 sat, I think if rates
soar above 175 sat the rebound (aka correction) will hurt some people for a little while."



Volunteers Needed
We need volunteers for social media outreach, and researching.  If you decide to do unsolicited projects of any kind please post what you
have done together with your EMC2 wallet address, we will be randomly selecting individuals for small remunerations.

It is really appreciated. Glad to see former member of the EMC2 leadership still keeping an eye on the coin 

I know I have stepped back from the organization, but I have matched the 50,000 donated for the giveaway. It is encouraging to see all the activity of those now managing Einsteinium, and I hope the giveaway goes well.

Hey guys,

add your request here to add EMC2 to cex.io https://support.cex.io/hc/en-us/articles/202007666-New-coins-for-mining-

Also, please request the coin be added to coinpayments here https://www.coinpayments.net/coinreq