Re: [2014 FLAGSHIP ALT] *EarthCoin* EAC +1 Community, +1 Exec Team, +1 Best Talent
Remember that EarthCoin is now YOURS! The dev. team is kind of like a captain trying to power and steer a vessel under man power. A group to steer and a group to provide power by oar. It was easy to steer at the beginning as we had little velocity, now that the speed has picked up it has become a little harder to steer quickly and nimbly but we cover much more distance. As a captain we can eventually coordinate the power and the direction down to a fine science but it is definitely a collective effort where the value of coordination becomes greater and greater to the underlying cause. Nice job everyone. I do not expect EAC to move much until we start approaching 33% of the money supply or 4.5 Billion coins. Right now we have approximately 1,000,000,000 coins spread out over 35,000 people - pretty incredible. Things are growing and growing and I am currently demystifying why EarthCoin is so fast.
The coin is being discounted for its blistering speeds. Some people think it is a trick. I assure you it is not. We did speed tests last night and had confirmations in less than 10 seconds. The World will figure it out soon after I have clarified things for the uninformed.
The coin is being discounted for its blistering speeds. Some people think it is a trick. I assure you it is not. We did speed tests last night and had confirmations in less than 10 seconds. The World will figure it out soon after I have clarified things for the uninformed.
Let me clarify the speed thing. The EAC has target block time of 60 sec and 5 confirmations. This mean the average confirmation time is 5 mins. Now you can see the coins received instantly, depends on the distance between sent and receive wallets, but you need time to confirm it. And confirmation time depends on the (actual) block time. So you can get confirmation in 10 sec, or you can get it in 6 mins. But average will be 5 mins. Do a few tries at different times, you will see what i mean.
Also, please understand that 5 confirmations is really an artificial indicator, it is for user interface only (Qt-client). It is the visual confirmations before the green tick occurs. Some coin set it to 2, some set to 3, some set to 5 (earthcoin), some set to 6 (bitcoin). It doesn't mean much, just a visual indicator. Usually after 5-6 confirmations we are pretty sure that the block will not be revoked, but there could always be exceptions. For this reason, some exchanges or services (such as CoinPayments.net) require more confirmations as many as 20.