Quote from: eternaluniverse on February 09, 2014, 04:33:48 AM

Quote from: clarv on February 09, 2014, 04:00:08 AM

Quote from: eternaluniverse on February 09, 2014, 12:49:27 AM

Quote from: clarv on February 08, 2014, 05:13:01 PM

eternal in dictionary

adjective
1.
without beginning or end; lasting forever; always existing (opposed to temporal ): eternal life.
2.
perpetual; ceaseless; endless: eternal quarreling; eternal chatter.
3.
enduring; immutable: eternal principles.
4.
Metaphysics . existing outside all relations of time; not subject to change.
noun
5.
something that is eternal.
6.
the Eternal, God.

7.mine and dump

whats the purpose of this coin? I am fine with the last one but we need more activity here and more miners.

I would prefer for this coin not to get "dumped" but sold for a fair market price Tongue

but I agree we do need more activity. I have been busy working on the actual client as of late and as a result the management of the coin has been suffering. I would really like for people who are holding large amounts of ETC to help with the marketing aspects of the coin (if this is not the case I am even willing to pay for people to promote it), as mentioned on earlier posts. There was not much of a community response so Instead I will try to create a position for 1 individual which will be the community liason / ambassador / whatever-they-would-like. Please PM me if you are interested in this as I do have responsibilities other than this coin which have kept me quite busy as well.

If someone can create a faucet I will fund it as well as send them a tip for setting it up / hosting it.

On a positive note: Kimoto Gravity Well works and will be included on version 1.2

The domain has been having some issues as well - I started a support ticket but haven't been updated much since then so I will follow up, but for the time being if you are able to replace "http://eternalcoin.info" with "https://bitcointalk.org/index.php?topic=423626" In the forum signature add please do so.

Thanks for your answer. I might have a look at some marketing ideas but I need to know the initial idea with the coin, that why I asked using dictionary reference as brainstorming help. The last one was provocative I believe. I have invested in mining this coin a lot so I have interest in this coin being a success. As an experienced developer and designer (both noncrypto) I can help with ideas but I am not sure I have time to implement webpages.

I am very happy with the individual that is working on the website, he created the logo as well.

The idea of this coin was a crypto currency in which the total distribution would been completed in what I thought was a short amount of time (after launch looking at other coins, I found out some other coins also have a short distribution time as well). My vision of this coin is a ~2 and a half year period which I would refer to as the "beta" -- only because my goal is to perfect the transaction model that bitcoin is currently using, what I mean by that is finding the correct settings of a crypto currency. A problem with the halving model is that transaction fees will have to take over as an incentive for miners to continue to mine, this seems inevitable to me. The other option would to be to continuously mint money but that would cause inflation, which causes the people who don't even necessarily make transactions to feel the burn. That is why I believe a coin should have mandatory transaction fees set in place (a percentage perhaps) so only the individuals who are moving their money (utilizing the network) would have to pay fees. There had to be a way to distribute the coins and I felt 2 years would be long enough to finalize a protocol and client I am proud of, and not so long that I would lose my patience.

Final Goal:
-The crypto currency would have 210million units in existence (even more in divisible units)
-It would have a (0.05%) transaction fee or a small base fee of 0.01
-Network would have a high enough hash rate so that double spend attacks are unlikely
-Not prone to inflation

Another vision of this coin is that it would actively give back to society either through the voting model I presented or through (0.01%) of all fees going to a treasurer who would allocate the funds to charities depending on community input.

I think it would also be a good idea to focus our marketing push after our website is out, so within a week or two I hope.

Fantastic answer, I have to make a forensic analysis of what you are saying. You have great long term ideas, I will continue to mine meanwhile.