Topic: ECU: new virtual coin, not cryto but regulated, alternative to Bitcoin et al. - page 2. (Read 1159 times)
March 08, 2014, 10:58:55 PM
So basically 100% premine. Ok. Thanks.
March 08, 2014, 10:56:35 PM
C'mon, seriously?
March 08, 2014, 10:46:56 PM
I would like to introduce you to the ECU (Electronic Currency Unit, symbol Ê ), an alternative virtual private coin, created by a Spanish company, and worldwide vocation.
Against the current "fashion", it is not a cryptocoin but a centralized and regulated currency (but not a LETS system), and combines the best of cryptocoins and the advantages of centralized currencies:
1 - User accounts are anonymous (pseudonym) against third parties (though for opening an account identification will be requested and stored by the company to comply with Spanish Law about Anti Money Laundering and Measures to Combat Terrorism, so the coin will not easily serve to launder money or to finance or commit other crimes, as happens now with cryptocoins like Bitcoin);
2 - There is a constant online control by the users, without any possibility of manipulation of the total amount of currency issued;
3 - There is more certainty and legal protection for users, with backup of operations to restore the last ones in case of theft, fraud, hackers, loss of keys, user death, bankruptcies , etc. in contrast to recent unpleasant events experienced by users of Bitcoins, stolen or disappeared without a trace, bankrupted exchanges, etc ;
4 - It is regulated the maximum number of coins that will be created ( Ê 20 million , each divided into 100 cents only, not unmanageable and countless millions of satoshis per Bitcoin), without any legal possibility to be changed unilaterally by the company that regulates the coin;
5 - We have designed a public and equal rights of access to "mine" Ê 18 million over five years ( Ê 3.6 million created each year approx.), without buying expensive CPU , GPU or ASIC or energy expenditure, but there will be an annual public offer to buy a fixed limited amount (1,972 ) of Mining Rights to the company, which produced a fixed daily amount of 5 Ê per Mining Right (mining 1,825 Ê/ year per Mining Right bought) .
6 - The formation of "pools" of "mining " is regulated to prevent monopolistic or oligopolistic groups, aiming to allow a wider and geographically dispersed creation and distribution of coins.
7 - Half a million coins are already "pre-mined" and paid to the company as payment for the creation and management of web and monetary scheme . Additional 1.5 million Ê (over 20 millions) are also pre-mined to be sold by the company to anyone who did not want to buy (or is not interested, or can not get ) a Right of Mining, or who want to quickly have a little (or a lot) of them to start trading, saving and buying with the new currency Ê.
Mining has not yet begun. Register your request to become a Miner. Public offer of the Mining Rights and the date of beginning will be posted soon.
8 - There isn't a registration fee to open a user account, nor a cost per transaction nor an account maintenance cost... All is for free, no charges.
9 - In the operative website ( www.community - exchange.org , look for the " ECUC " within the list of Spanish coins) there is also implemented an online marketplace to introduce supply and demand with only Ê currency, mixed euros and Ê , swaps, etc. which should facilitate the use, extension and coin acceptance worldwide.
10 - Insertion of announcements of offers and requests is free too.
11 - It's also expected to physically create and print Ê bills (with all the safety measures) in the future, once the currency and market is consolidated in volume of operations and value.
12 - We use a simple web interface and intuitive to operate online, based on a well known and long running web platform created for the use of LETS and Hours (Community Exchange , CES) .
13 - We have a friendly web version to operate from mobile phones.
14 - Web in multiple languages.
15 - A payment with Ê is rewarded to Local Coordinators. Positions available worldwide. More info in the website (see below).
Visit us and become a member and/or Local Coordinator of the ECU network for free, buy a Mining Right and/or Ê coins, and begin to use the new global virtual currency. Welcome to the future!
For more information about the project: http://ecucoin.yolasite.com/
To open an ECU account: www.community-exchange.org (CES), and search "ECUC" in Spain.
Best regards.
Lopez & Valenzuela S.C.
Against the current "fashion", it is not a cryptocoin but a centralized and regulated currency (but not a LETS system), and combines the best of cryptocoins and the advantages of centralized currencies:
1 - User accounts are anonymous (pseudonym) against third parties (though for opening an account identification will be requested and stored by the company to comply with Spanish Law about Anti Money Laundering and Measures to Combat Terrorism, so the coin will not easily serve to launder money or to finance or commit other crimes, as happens now with cryptocoins like Bitcoin);
2 - There is a constant online control by the users, without any possibility of manipulation of the total amount of currency issued;
3 - There is more certainty and legal protection for users, with backup of operations to restore the last ones in case of theft, fraud, hackers, loss of keys, user death, bankruptcies , etc. in contrast to recent unpleasant events experienced by users of Bitcoins, stolen or disappeared without a trace, bankrupted exchanges, etc ;
4 - It is regulated the maximum number of coins that will be created ( Ê 20 million , each divided into 100 cents only, not unmanageable and countless millions of satoshis per Bitcoin), without any legal possibility to be changed unilaterally by the company that regulates the coin;
5 - We have designed a public and equal rights of access to "mine" Ê 18 million over five years ( Ê 3.6 million created each year approx.), without buying expensive CPU , GPU or ASIC or energy expenditure, but there will be an annual public offer to buy a fixed limited amount (1,972 ) of Mining Rights to the company, which produced a fixed daily amount of 5 Ê per Mining Right (mining 1,825 Ê/ year per Mining Right bought) .
6 - The formation of "pools" of "mining " is regulated to prevent monopolistic or oligopolistic groups, aiming to allow a wider and geographically dispersed creation and distribution of coins.
7 - Half a million coins are already "pre-mined" and paid to the company as payment for the creation and management of web and monetary scheme . Additional 1.5 million Ê (over 20 millions) are also pre-mined to be sold by the company to anyone who did not want to buy (or is not interested, or can not get ) a Right of Mining, or who want to quickly have a little (or a lot) of them to start trading, saving and buying with the new currency Ê.
Mining has not yet begun. Register your request to become a Miner. Public offer of the Mining Rights and the date of beginning will be posted soon.
8 - There isn't a registration fee to open a user account, nor a cost per transaction nor an account maintenance cost... All is for free, no charges.
9 - In the operative website ( www.community - exchange.org , look for the " ECUC " within the list of Spanish coins) there is also implemented an online marketplace to introduce supply and demand with only Ê currency, mixed euros and Ê , swaps, etc. which should facilitate the use, extension and coin acceptance worldwide.
10 - Insertion of announcements of offers and requests is free too.
11 - It's also expected to physically create and print Ê bills (with all the safety measures) in the future, once the currency and market is consolidated in volume of operations and value.
12 - We use a simple web interface and intuitive to operate online, based on a well known and long running web platform created for the use of LETS and Hours (Community Exchange , CES) .
13 - We have a friendly web version to operate from mobile phones.
14 - Web in multiple languages.
15 - A payment with Ê is rewarded to Local Coordinators. Positions available worldwide. More info in the website (see below).
Visit us and become a member and/or Local Coordinator of the ECU network for free, buy a Mining Right and/or Ê coins, and begin to use the new global virtual currency. Welcome to the future!
For more information about the project: http://ecucoin.yolasite.com/
To open an ECU account: www.community-exchange.org (CES), and search "ECUC" in Spain.
Best regards.
Lopez & Valenzuela S.C.
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