[PRE-ANN] - eCoin [ECN] - The new way! - page 2.

sighle

member

Activity: 70

Merit: 10

Quote from: ryanchen on January 02, 2014, 02:27:55 PM

Quote from: mozi on January 02, 2014, 12:26:09 PM

Quote from: noobyonekenobi on January 02, 2014, 09:42:00 AM

Why do people need to post "reserved"?

I think that it is because if the coin is a success, they'll have a post in first page they can edit to advertise something or someone, or somepayementaddress
But maybe I'm all wrong.

IMHO, it should be a footprint for ppl easier to track back the thread by looking up their last posts.

It's an easy way for people to see active threads which they've posted on but have nothing useful to say,

jyrvalor

jr. member

Activity: 48

Merit: 2

Sounds very interesting

ryanchen

member

Activity: 91

Merit: 10

Quote from: mozi on January 02, 2014, 12:26:09 PM

Quote from: noobyonekenobi on January 02, 2014, 09:42:00 AM

Why do people need to post "reserved"?

I think that it is because if the coin is a success, they'll have a post in first page they can edit to advertise something or someone, or somepayementaddress
But maybe I'm all wrong.

IMHO, it should be a footprint for ppl easier to track back the thread by looking up their last posts.

mozi

newbie

Activity: 10

Merit: 0

Quote from: noobyonekenobi on January 02, 2014, 09:42:00 AM

Why do people need to post "reserved"?

I think that it is because if the coin is a success, they'll have a post in first page they can edit to advertise something or someone, or somepayementaddress
But maybe I'm all wrong.

noobyonekenobi

full member

Activity: 154

Merit: 100

Why do people need to post "reserved"?

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

Quote from: eCoin on December 31, 2013, 09:08:41 PM

eCoin [ECN]

eCoin is a decentralized, cryptographic currency, which is planned for launch in Jan 2014.

- The first coin with COVER!!!
- New level of security.
- New way to send, receive and exchange coins.
- New different algorithm.
- The bank system friendly.
- Useful for trade and for almost every online financial systems.
- Work with from mobile devices to PC's with Windows, MacOS, Linux. More in development.

and many other options...

The system is almost ready. The public beta will be this month.
More information, links to the websites, white paper, source code and technical information very soon!

Bad grammar. Not many specific details. Moving on.

DaElbing

newbie

Activity: 21

Merit: 0

omg..

VariableDiff

newbie

Activity: 14

Merit: 0

Interesting. Is it scrypt or sha coin?

deltree

member

Activity: 98

Merit: 10

Quote from: sighle on January 01, 2014, 02:25:47 PM

For those of you asking, "cover" in the context of currency would typically mean that it is backed by some kind of commodity.

The US dollar is a cover for their stock of gold. This means that theoretically any time you want to exchange your USD for gold you can.

I'm not sure how these guys plan to cover their crypto(or what it might cover) but it seems far-fetched to me.

It also means that there are 2 possible scenarios;

#1(most likely) - It is a Proof of Stake currency that cannot be mined

#2 - It is a Proof of Work currency that CAN be mined but would be subject to inflation depending on how/what the currency covers.

I don't see this coin happening unless it's formally backed and developed by a government. In that case there would certainly not be any mining but would mean that a country is switching their currency to electronic instead of physical and phasing out cash.

Please take this with a grain of salt, I am making a lot of assumptions, I am not an econ major, I am a high school dropout.

Imagine a venture capital firm invests in the founder or this coin a commodity is purchased against the total amount of this coin to be ever mined at a preset rate. Theoretically it would still be capable of being mined. I think it could be done without a government!

wiseye

newbie

Activity: 49

Merit: 0

Reserved.

DaBro

member

Activity: 70

Merit: 10

reserved

imperatron

sr. member

Activity: 459

Merit: 250

Any news?

Zombie123

legendary

Activity: 868

Merit: 1000

ok lets see

wizzardTim

legendary

Activity: 1708

Merit: 1000

Reality is stranger than fiction

Interested!

bryan2402

newbie

Activity: 21

Merit: 0

reserved

digicoin

legendary

Activity: 1106

Merit: 1000

What?

endlessskill

hero member

Activity: 531

Merit: 500

AMD | Mining | NVIDIA

Reserved

sighle

member

Activity: 70

Merit: 10

For those of you asking, "cover" in the context of currency would typically mean that it is backed by some kind of commodity.

The US dollar is a cover for their stock of gold. This means that theoretically any time you want to exchange your USD for gold you can.

I'm not sure how these guys plan to cover their crypto(or what it might cover) but it seems far-fetched to me.

It also means that there are 2 possible scenarios;

#1(most likely) - It is a Proof of Stake currency that cannot be mined

#2 - It is a Proof of Work currency that CAN be mined but would be subject to inflation depending on how/what the currency covers.

I don't see this coin happening unless it's formally backed and developed by a government. In that case there would certainly not be any mining but would mean that a country is switching their currency to electronic instead of physical and phasing out cash.

Please take this with a grain of salt, I am making a lot of assumptions, I am not an econ major, I am a high school dropout.

LifeOfDoge

full member

Activity: 182

Merit: 100

PotatoCoin has to be cover by potatos but what will cover this ? Cheesy

mac-coin

member

Activity: 107

Merit: 10

I'll be watching this, sounds interesting

Topic: [PRE-ANN] - eCoin [ECN] - The new way! - page 2. (Read 10945 times)