Topic: EVERGREENCOIN The Beginning of the Proof of Stake Profit Paradigm Shift ???? - page 2. (Read 1823 times)

Pointing to number of sources would not change my opinion. There is nothing good in the inflation, and since it is considered that the "good" inflation is in the 1-2% range, you can't convince me that 7% is not an issue. Frankly speaking I am supporter of the PoS coins (no matter what their flaws are), but many of them were created with the only one thing in mind - to force people keeping their coins in the wallets thus creating lower sell pressure. I don't think that this is the case here though, because EGC's interest is not like 100%.

P.S. Don't tell me you are born in the 30s?!

I have no deep observations on EGC since I am not following the development of your coin, but I wish you good luck if you are honest. This one can look as a shitcoin to many people, but the truth is that there is no such thing as a shitcoin, because number of coins/assets/tokens can find its niche.

Compared to someone born in the 1930s,  60 year olds are young.  

The current interest rates are abnormally low, because the Banks & Governments are using it as a way to rip off savers and bail out their shenanigans.
NIRP will be even worse.
http://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp

Stock Market has been corrupted by high speed computer trading , where they can change the price of a stock and never even actually buy or sell it, by doing everything in microseconds.
However the Dividends rates , prove that a healthy company can easily pay 5% to 7% and not only have their price stay stable but go up.
Plus looking at the banks , they easily pay 7% or more for years and they were making a profit at that time.
So 7% is no big deal in the scheme of things.

 

FYI:
Want to see something interesting ,
Look at this Chart, and you will see only 2 time periods with extremely low interest rates like today, hint the other date is 1930s.
http://www.businessinsider.com/chart-5000-years-of-interest-rates-2015-9

2nd Depression is in session, interest rates don't lie, but our political leaders do.  

FYI2: Interest Rates over the past 5000 years.

Hi spartak_t,

We had to change the VPS for the block explorer early on. It took some time to both do that and then get coinmarketcap to update to pull accurate coin supply. I do not think that data is 100% accurate, but be that as it may, March would have only been half way through the 6 month PoW which only recently ended about a month ago. So constant selling from miners only recently stopped.

We also had to hard fork because of some unintentional forks forming on the network a week before the end of PoW which, some large holders decided to sell during that turbulent time. Perhaps many did, unfortunately. Fortunately many are now coming back after the coin did prove to endure.

I understand it may look like a pump. This is a really exciting time for the project and we have many active endeavors soon to be released: new website including support tickets, android wallet, hopefully polo soon, sponsorships of a cannabis festival (a new branch only just forming of EGC), all within the next 30 days and that is only the stuff publically announced. The project has many new investors across the globe and we are planning, as of tonight, to expand that into China also. (the community will just now be learning of this)

I am not "disagreeing" with anything you have said spartak_t. Only explaining some things that a brief observation of the project might not see. I am glad you agree the 7% is not low and I hope you do not think it is too high. At the time I set the specs, 5% seemed to be an accepted norm and I hoped to raise the holding incentive some.

Thank for sharing your observations spartak_t and thank you for taking the time to read my response.

Well, I was not born in the 60s, but I am 35-years old so I'm not sure if I am that young.
P.S. Banks used to pay such %.
P.S.2. There are even loans with lower interest rate.
P.S.3. The stock market is a form of a ponzi scheme... at least in my views.

LOL,
That is only because you are so young my friend ,
The Saving Accounts at Banks used to paid more than a mere 7%.
Utility Stocks Pay ~6% , 7% is a good real world number, anything below 3% yearly is not worth holding at all,
But at 5% or 7% it is worth holding, which is why most good utility stocks pay out their dividend in the ~6% yearly rate.
This coin would be a better investment for someone than a utility stock.

Plus in Contrast to High interest Rate coins with 60% per month, 7% per year is nothing to worry about.  

http://swanlowpark.co.uk/savingsinterestannual.jsp

 

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

EverGreencoin :  http://coinmarketcap.com/currencies/evergreencoin/

110 X INCREASE in less than 3 months.
Marketcap was ~$12,000 US on June 23rd
Marketcap Today is $ 1,323,739 ,
Coin only has a supply of 13,065,963 coins and with low staking rate of only 7% Yearly , it may not be done heading for the stratosphere.
24 hour Trading Volume was $ 38,427 

Has the realization finally beginning to Sink In with Crypto Investors,
That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.
A Coin that must be held to make more of itself, giving it an intrinsic value that no PoW coin can ever Possess or Match.

Or

Do you think it is merely a Short Lived Money Making Abnormally?