Post
Topic
Board Announcements (Altcoins)
Re: [2014 FLAGSHIP ALT] *EarthCoin* EAC +1 Community, +1 Exec Team, +1 Best Talent
by
Anubite
on 01/03/2014, 11:52:58 UTC
Of course. A bit of humour never hurts.

Anyway, the above wasn't entirely tongue in cheek, as a rig like that could provide quite a bit of useful electricity in the third world. (I hate that term, but I got nothing better). It's the kind of project that Earthcoin could potentially fund, as that sort of generator is pretty much a DIY project anyway, and well suited to remote areas.

But first we gotta get some real world value to the coin. In that, my erstwhile nemesis a few pages back was totally correct. To be useful to charities, the coin must be profitable and useable. Unfortunately, I don't have a lot of ideas on how to do that. One thing I'd like to see is some sort of peer to peer exchange system that is NOT dependent on a central or controlled exchange site. Implementing that for crypto pairs seems like it would be easy, but how would you go about it for, say, EAC to USD? I think it could be done, but I don't have a clue how.

If I recall, I think one of the devs was working on an exchange that converts other cryptocurrency into EAC and vise versa.

Having enough value and demand for the coin helps a lot, if a charity were big enough could the market handle the sale to btc for usd? Would there be someone who would buy the eac themselves to spare the market the headache?

I know tipping on Reddit helps get exposure. It helps people get EAC they would not have had otherwise. Making our subreddit more populous would also buff confidence.
That's probably true, but I despise reddit almost as much as Facebook. It's difficult to read, impossible to search, and generally a pain in the ass. But to those who like it, it's sure to be a good idea.

I'm a bit confused as to your meaning in the rest of the post. What I'm proposing is a direct exchange from EAC to , but on a peer to peer basis. Not sure it's doable, but I think it is.

We would definitely need eac/usd. There are sites where you can list your coins for person to person deals, but trading over certain amounts can be a criminal offense.

There are some "decentralized" exchange concepts going around. It will be interesting to see how they work and what they do.