This is a perfect example of 'Short-term' thinking to artificially prop the price up so speculators can profit. The 'soup du jour' in crypto launches recently has been this POS style, and initially the price skyrockets, allowing the Dev's to unload at artificially high prices created by the speculators who are CERTAIN that the 'new Gimmick Coin' is the way to go!

Are we just chasing the latest 'fad' in order to spike the EAC price temporarily to the profit of a few? What happens when the 'newer' coins that come around next month create a 'better' way than POS and we see their launches go up several fold in the first day, do we then change from POS to the newest trend and issue another press release? Are we resigning ourselves to just be a continual pump-n-dump scheme just to make you maniac day-traders happy?

"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."

Or should we focus on long-term development and real world applications in order to allow the price to rise, slowly but surely, over the Long run, rewarding ALL EarthCoin holders?

Is it really different this time? This NEW FAD COIN IS THE WAY TO GO!! LOOK IT WENT UP 500% in one day! If EarthCoin only switched it's purpose weekly to copy the current fad we would all be rich! Right?

So Earthcoin announces it is switching it's code to POS with a novel Press Release, speculators pile in and manipulate the price upwards temporarily, only to see it crash back down to an even a lower price once the rush is over? Do you see MINTCOIN's dev offering any viable long-term creative solutions to further user adoption of his coin? Is he actively promoting and creating long-term value for the coin, or is the promise of 20% more coins a year enough to keep everyone from selling if there are no Real World Applications for your coins? I think it likely most of the 'Devs' of these new coins sell out as soon as they start seeing $20,000+ sitting in their wallet, and are pretty much done with the 'development' coin, having made their 'quick buck'. Just being POS in itself is not worth anything without the proper support & development by Dev's with vision.

What makes POS so much better than Earthcoins current model? Is 20% a year to hoard your Coins and then paying 'interest' in more coins to dilute your holdings further really that great? You truly think for a 'currency' to succeed you should attempt to incentivize your coinholders to just hoard them away and forget about them, knowing they get 20% interest a year? Furthermore, what is 20% interest worth annually when MINTcoin goes down to 5 satoshi? Will your extra 1 coin per year feel all that fantastic for letting your coins sit idle for a year?

POS, while an interesting approach and change of pace from the BTC style models, is not necessary for Earthcoin. It may be great for a commodity, but for an internet currency I think the holders need to be creative in the utility and promotion of the coin. An ALT COIN will only gain in value if it is increasingly used for REAL WORLD commerce, transactions, money transfers, etc. We need to work on giveaways and increased merchant adoption, increasing the 'buzz' around the coin with novel actions that create naturally positive press, etc. Think about DogeCoin sponsoring the Jamacian bob-sled team, that did WAY more for DogeCoin than switching to the latest fad would have.

I think those clamoring for a 'switch' to POS are not seeing the forest for the trees here. The key to having EarthCoin rise is through dedicated work/promotion by the community, valuable insight and leadership by those in position to do so, and creating more & more ways to use EarthCoin in real-world commerce while increasing user adoption.

Also, a SUSTAINABLE price rise happens slowly over time, with jumps here and there along the steady upward climb. Nothing worth doing was ever easy, and anyone who has started a business that became successful understands that it takes Blood, Sweat & Tears to reach your goals. There is no short-cut, there is no 'get-rich-quick' gimmick that will make us all rich with a single press release, and POS is no magical solution.

that implies there is any value in EAC left.

since the devs foolishly abandoned the eac/usd ONLY exchange, which would be one thing only eac could offer, I see little to nothing at eac that is special

let's face it. eac offers nothing other cryptos don't

eac needs serious publicity, news stories and less hoping for the best.

I propose to stop the proof of work scheme. it kills the coin. every day more and more eac is produced while demand stays stable.

that is what drove eac from 800 to 18. and it will drive it to 8 and then 0.8 sat and a delist on cryptsy.

the devs seem to think "it's gonna work out in the end", but why should it especially for eac?


what would immensly help is something that other sites will talk about and will renew interest in eac.

I suggest switching to proof of stake asap.

then implement 25% interest in the first year, then 20% next year and so on. this will people want to HOLD eac.

right now nobody in their right mind holds this coin.

with proof of stake, it would finally resonate with the "protect nature crowd", it will stop multipools raping the coin and news sites would support that step and report it.

it is only natural for "earth"coin to use POS since it is so power saving.  hell, make an 40% interest in the first year, but reward people who HOLD the coin, not those who multipool it

do this, even announce this, and EAC will rise tenfold in mere days.

Dunno what's the reasoning of the bot on cryptsy who sells around $0.1 worth of coins every now and then to my bid. Can't be a real person doing that can it?

Originally Posted this on Earthcointalk.org


I contacted http://www.altoutlet.com as they now process EAC for payments. I noticed they have tab set aside for charity. https://www.altoutlet.com/eac/charity

I questioned  how to go about setting up an EAC charity link and this was the response:
 Thanks for the email.. Yes it’s really easy for us to add some EAC supported charities, if you could either let us know the charity name (either registered in the US, or the UK). Alternatively a charity/foundation that accepts EAC directly is also acceptable.

Thanks
 Joel

So Since I am not associated with any Charity, It was my hope that one of our sponsored charities could see this endeavor though.
 Joel can be contacted by email :  hi@altoutlet.com

Hope this points someone in the right direction:

TJS.

WesandEAC
Member
 


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Re: [2014 FLAGSHIP ALT] *EarthCoin* EAC +1 Community, +1 Exec Team, +1 Best Talent
Today at 02:39:01 PM      #9912

________________________________________
0rganic, I can save you the trouble.  When you post, just hit the space bar.  I am sure from your perspective the mystery and fantasy have merit and require 'your accounting principals hehe.  The methods are flawed and so is the purpose

1.  Thanks
2.  Thanks again and Incryptex wished for an EarthCoin team member who excels at marketing and page design to put up a one page splash page about coming soon. Hahaha.  All other  news is speculation and fantasy created maybe out of necessity for you?  No idea.
3.  You will wait for a lifetime for the fantasy you are looking for kind of like the Never Ending Story - But even it ended.  You seem to be the only boil around here to lance
4.  Yes please leave considering you have no skin in the game and especially no EarthCoins - invalid speak
5.  Again, not a good way to bring back the creator of EarthCoin - he can do whatever he wants to do, especially the opposite of what you wish him to do.  Again you do not seem to bright with any of your strategies
6.  EarthCoin land everyone seems to work positively and create.  In 0rganic land people just waste time on fantasies and unsolvable questions.  Isn't there a dinosaur board for that?
7.  Your accounting is as good as we are able to do as well.  That's it.
8.  No idea what John did and he wishes that to remain private.  Can't help you.
9.  He wishes for you to shut the fuck up and the value rise some day I would assume.
10.  Since I no longer am the comm. and dont have to refrain myself any longer I can tell you what i really think.

You are a conniving fucking prick or a fraud artist yourself.  We can discover how the community feels about you by putting up a simple vote?

Isn't the whole idea behind cryptocurrency a self voting mechanism?  Yes it is.  So the question we can have someone post to the community is,

"Do you believe 0rganic, although well versed with as valid concern as anyone, has an ulterior motive for EarthCoin?"
"Do you believe his incessant speak has assisted EarthCoin?"
"Do you believe after publicly stating he has no EAC, that quite possibly he has been bountied for his "investigative" efforts from another coin?"
"Do you believe 0rganic has removed value from EarthCoin through his existence?"

I am sure he will have his own voting questions reagrding Norb and I.  I for one am thankful I can politely tell him to go fuck himself.  Loser.  Have a great day!

Wes, I do hope you understand that these type of communications actually will only help 0rganic in his quest to discredit EAC. By your reaction in your role as one of the core EarthCoin members, where you go head to head with other members, will only drive away investors and others. And being a hothead does not give you or anyone the excuse to act like you do. This is not the first time you did this btw.
I'd strongly advise the new team to discuss the roles and ways people are supposed to be communicating about EarthCoin. At the moment Wes clearly shows that the team still has some big loose ends which need to be dealt with.
For now, 0rganic managed to score points by getting respondses and he even got a bonus handed over by Wes as he is losing his temper. So at this moment, congrats 0rganic for highlighting the weakpoints in the team.

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