Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ERC] EuropeCoin - Stabilization Fund - PoW/PoS - ESCROW IPO - 40+ GH/s ++
by
sonysasankan
on 12/05/2014, 00:10:22 UTC
Im so happy to buy this cheap ERC Cheesy Grin Cheesy Wink Grin Cool

Really ? Bcuz i dont see anyone would put atleast buy order.
PLS buy more this cheap coins, but ur 0.01 BTC doesnt make difference.

Guys, just my BTC 0.00000002 worth, and trust me I am going to be down a whole bunch of (supposed: REAL) fiat currency if ERC doesn't work out in the end. I have a new account here, not because I don't mine cryptos, but because I really don't like posting a lot of public messages. The libertycoin fiasco pissed me off enough to finally sign up and vent over there.

Every form of fiat currency is worth exactly one thing, what someone is willing to give you in fiat currency for your labor, services, materials etc. and even a crypto currency has this fundamental flaw in it's design.  It's only worth is what someone is willing to give you for it in return for your labor (Mining), ingenuity (Developers), etc.. etc.. It's not actually backed by anything other than your belief or trust that it *IS* worth trading for your labor.  

I have sold about 1.something of ERC as a fluke when the first exchange came up for about 0.00019000 satoshi or so, and have made the decision to hold until at least the PoW phase is over. (See Badgercoin at the exchanges now for the reason why.)  

But I am going to say something to you Mr. Europecoin developer and team as a customer and you should take it to heart and not be offended. Another poster in this thread lit into you guys for your smug comments and you should listen to that. You did actually fail at your first attempt to launch, no? You shouldn't forget the lesson. You guys have done pretty good so far on attempt #2, but that and .25 cents won't buy you a cup of coffee. Dice games and Spin the Wheel games won't buy you or us as your customers a cup of coffee. Why the hell would I spend USD to mine your coin (Labor) to piss it away gambling on a dice or wheel game where I am sure the house odds are about 10x worst then Las Vegas. That's not a currency it's a curiosity.

The ending of the PoW phase will raise the price of ERC to some extent. Badger was well launched, well liked, and has done okay so far but has the same fundamental problem you and your team have The real test of your skills at marketing and development will be if you can make someone believe that what you have created is worth trading for their physical labor, services, or materials. If you can do that then you will have succeeded and your coin will get up there like BTC LTC and DOGE. If you cannot then you know what's going to happen in the end.

You guys have a large task ahead you, and a pretty good following behind you, so if I were you I would commit myself to the task and not let my head get too big for my britches because you managed to get it pretty much right the second time around.

I got my money riding on it so I do hope this thing succeeds.The half payment for the IPO supposed "late payers" has me somewhat concerned but I am chalking that up to language barriers. Will be talking to the devs about that later privately once we see what happens over the next few days.  

Again just my 0.000000002 worth.

I wouldn't pull the language barrier card so fast. I did tell them to get their language right as it was a bit confusing with all this "quote" nonsense. But the dev took offense and deleted my post (in teh other self moderated one). It wasnt language barrier... it was plain and simple ego. I also don't think there is going to be any marketing from their end... better to just wait it out and hope it hits poloniex soon.