We do not make the price, the market does. We make and develop the product that is it.
About the POS...that started 3 years ago and was programmed in the code since the coin was launched in march 2014 that it would stop with 25billion coins....that number was reached these days. If you think that it's sketchy that it ends when the rules are met ....then I have nothing to say.
25billion coins max from the POS was coded years ago (3?)and it has arrived.
holders will gain interest now only from receiving transaction fees, if wallet is left unlocked.
It's reached the 'end game' earlier than all the other coins as far as I am aware, so it is interesting to see how this will operate ,
in this different scenario , and with the upgraded core and new wallet format (goodbye QTwallet
),with 0% inflation.
And with the coming implementation of other useful traits encrypted (sic) storage, messaging.
I see it as pioneering as what happens here will be happening in all the other alts eventually, and bitcoin itself in about a decade.
ECC is on a roll I wouldn't gauge its success on a single market that's in bear mode, hold on to your investment and accept that things take time. You will be relieved when it changes, and forget that you were impatient, or just come back here in a year and call me a muppet!.
holders will gain interest now only from receiving transaction fees, if wallet is left unlocked.
It's reached the 'end game' earlier than all the other coins as far as I am aware, so it is interesting to see how this will operate ,
in this different scenario , and with the upgraded core and new wallet format (goodbye QTwallet
),with 0% inflation. And with the coming implementation of other useful traits encrypted (sic) storage, messaging.
I see it as pioneering as what happens here will be happening in all the other alts eventually, and bitcoin itself in about a decade.
ECC is on a roll I wouldn't gauge its success on a single market that's in bear mode, hold on to your investment and accept that things take time. You will be relieved when it changes, and forget that you were impatient, or just come back here in a year and call me a muppet!.
Clearly, I have misunderstood the history of the coin (in its current state) and the timeline/deadline for POS --- thank you for clarifying that. It makes me feel a little better about it. However, it was rather disappointing to have the wallet effectively break right when I became an ECC holder in June, and then meet its POS max when the wallet reboots in Sept.....
I look forward to brighter days ahead....