Why should I use EAC when I can use innovative coins like Blackcoin or Darkcoin?
EAC is far ahead of those coins in terms of usability and adoption, so far.
hm I don't know. the market cap decreases steady 5% now every day for 50 days. Per coin the decrease is even more. So time to buy? ^^
the main advantage of eac is not really adoption, but spread of the currency.
this however is threatened by the low price. people might just cut their losses and sell, thus leading to a concentration of eac into few hands.
not everyone can afford, or wants to deal with a low value coin in his portfolio.
I did. Have sold my last EAC yesterday...
imagine you, your wife and your girlfriend have a 100% of a currency. how valuable is it? not very. cause no one else has it.
now imagine everyone in your whole town has this currency and you, your wife and your gf have a 2% stake of the currency.
the more spread out it is, the better.
with adoption I assumed he meant shops/merchants. of course spread is part of that. but eac could thrive even without any merchants, as long as people expect that tomorrow a merchant will start accepting it and thus accept it among themselves for trivial things like tips or micropayments.
that is what happened to bitcoin.
when we talk about a cryptocurrency, ok. There are a few flaws. First, having some of the coin doesn't mean, that the person accepts them, too. I had 50k EAC left but would I accept EAC for my work? Maybe, but I would have converted it instantly into another currency. Because I see better opportunities and let's face it. Even $ cash would be better. Second, maybe except of Bitcoin you can't buy things with cryptocurrencies. All their current value depends on the future. The speculation you can buy things in the future or it is a good store of value. Or a mean of transaction (e.g. cheap, over borders, darksend of Darkcoin). Third, you cannot know that Earthcoin is owned by relatively many individuals.
I would argue that Bitcoin is by far the most euqally distributed currency. Many individuals know of this coin, many big addresses are services with many individual holders. But the others?
But I don't really know. I always thought that my last 50k EAC aren't worth much so I easily could hold it. But I finally didn't