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Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
IMPORTANT NOTICE:
All redemption requests using the online form on ethercoin.cc must be made by September 30th. After that date the form will be shut down and all requests will have to be made manually by email.
If you hold Ethercoins and have not made a redemption request please do it now.
All redemption requests using the online form on ethercoin.cc must be made by September 30th. After that date the form will be shut down and all requests will have to be made manually by email.
If you hold Ethercoins and have not made a redemption request please do it now.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Gentlemen
how can i redeem my ETC for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help
this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning
how can i redeem my ETC for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help
this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning
We don't accept IBAN addresses. Only ethereum address with format that starts with 0x at the beginning
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Proof-of-reserves accounts contain summary only ~350 000 ETH, requested redemptions more 500 000 ETH. Thinking )))
Also, for last 16 hours, from theese accounts was withdrawed 122 000 ETH, and no one redemption.
Also, for last 16 hours, from theese accounts was withdrawed 122 000 ETH, and no one redemption.
ETH are moved between PoR accounts for various reasons.
All that matters is that anyone with a redemption request burning ETC receive the ETH to their address.
Requests that burn to the PoR addresses are just considered immediately redeemed. (no transfers required)
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Dont listen to FUD. Best advice.
ETH INFO: 1. https://www.youtube.com/watch?v=U1XOPIqyP7A
2. https://www.youtube.com/watch?v=hwaBM-kQeqc
You be the judge...what is an Ether worth in todays world? ...with a company like IBM backing this project, IMO you cant go wrong here. The world is changing fast. The fact that I can quit my job and trade these currencies and make a living is something alot of my family/ friends dont understand. They will soon. With coins like this. Blockchain technolgy is the future. Coins like GMC will bring main stream adoption to crypto as well IMO. We all have that one friend who tells us "stop wasting your time on Bitcoin man", "stop playing with that play money", "what the fuck is bitcoin no one will use it". Inject crypto into their games, they will begin to see value in digital currencies then. IMO digital currencies best chance to become popular through mainstream adoption is through the video game industry. Just sit back and think about the implications for a second.
My gut tells me we are all apart of something great. Most of the people around us dont even know what cryptocurrency is. IMO thats like not knowing what gold was during the gold rush. We are all so lucky to be apart of this.
Ethereum just is the biggest Cryptocurrencies Scam in history with $18.000.000 revenue from ICO. ETH INFO: 1. https://www.youtube.com/watch?v=U1XOPIqyP7A
2. https://www.youtube.com/watch?v=hwaBM-kQeqc
You be the judge...what is an Ether worth in todays world? ...with a company like IBM backing this project, IMO you cant go wrong here. The world is changing fast. The fact that I can quit my job and trade these currencies and make a living is something alot of my family/ friends dont understand. They will soon. With coins like this. Blockchain technolgy is the future. Coins like GMC will bring main stream adoption to crypto as well IMO. We all have that one friend who tells us "stop wasting your time on Bitcoin man", "stop playing with that play money", "what the fuck is bitcoin no one will use it". Inject crypto into their games, they will begin to see value in digital currencies then. IMO digital currencies best chance to become popular through mainstream adoption is through the video game industry. Just sit back and think about the implications for a second.
My gut tells me we are all apart of something great. Most of the people around us dont even know what cryptocurrency is. IMO thats like not knowing what gold was during the gold rush. We are all so lucky to be apart of this.
Scam? They delivered a working network as promised, and development is continuing, and the price is 3x higher then the sale. Stop trolling here please. Take the nonsense elsewhere.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
We would like to remind everyone that this thread is intended for high signal to noise ratio discussion and so it is moderated.
We are redeeming ETC manually for security reasons (signing offline), and are doing so in priority order from largest to smallest. We will do our best to redeem small requests, but will not guarantee that they are processed within 24 hours, and could take a few days.
If you would like to troll about this because you requested the 0.8ETC transaction, please create another un-moderated thread for trolling.
Thank you.
We are redeeming ETC manually for security reasons (signing offline), and are doing so in priority order from largest to smallest. We will do our best to redeem small requests, but will not guarantee that they are processed within 24 hours, and could take a few days.
If you would like to troll about this because you requested the 0.8ETC transaction, please create another un-moderated thread for trolling.
Thank you.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Our transactions are signed offline, then moved from an airgapped machine to be transmitted. We will try to process redemptions under 10 ETC when we have time but make no guarantees.
If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly. Everything is manually processed. You are wasting your time and ours.
Double BS!
Here's some math for you: We had 1 million ether for sale. If everyone requested 10 ETC redemptions, we'd have to do 100,000 offline signings, which would take months.
We are not prioritizing < 10 ETH redemptions when there are other requests for hundreds and thousands of ETC pending.
Now that we've made this clear, our time and yours won't be wasted.
I am sorry - but you only have 50 redemptions to do on your website, not millions - get on with it!
Yes, they are being handled. We currently are closing Escrow deals that are for very large amounts; unfortunately we have to prioritize things. Soon we will be able to make things happen much faster once all the escrow transactions are out of the way.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Our transactions are signed offline, then moved from an airgapped machine to be transmitted. We will try to process redemptions under 10 ETC when we have time but make no guarantees.
If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly. Everything is manually processed. You are wasting your time and ours.
Double BS!
Here's some math for you: We had 1 million ether for sale. If everyone requested 10 ETC redemptions, we'd have to do 100,000 offline signings, which would take months.
We are not prioritizing < 10 ETH redemptions when there are other requests for hundreds and thousands of ETC pending.
Now that we've made this clear, our time and yours won't be wasted.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Redemptions have begun.
Largest to smallest. Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)
Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.
Largest to smallest. Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)
Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.
This is simply BS!
It takes 15 seconds, at most, to send a transaction on the Ethereum network - double checking that the send and receive address are correct, taking your time to double and triple verify ... You have 50 requests on your website at the moment - 50 x 15 seconds = at most 20 minutes to clear the backlog...
Within the terminal geth console, set the followings:
Code:
>var sender = eth.accounts[0];
>var receiver = 'ETCETHRedemptionxxxxx;
>var amount = web3.toWei("the amount to redeem", "ether")
Then,
>eth.sendTransaction({from:sender, to:receiver, value: amount})
>var receiver = 'ETCETHRedemptionxxxxx;
>var amount = web3.toWei("the amount to redeem", "ether")
Then,
>eth.sendTransaction({from:sender, to:receiver, value: amount})
Repeat as necessary... not that complicated...
Our transactions are signed offline, then moved from an airgapped machine to be transmitted. We will try to process redemptions under 10 ETC when we have time but make no guarantees.
If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly. Everything is manually processed. You are wasting your time and ours.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Redemptions have begun.
Largest to smallest. Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)
Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.
Largest to smallest. Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)
Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?
ETC= Ethercoin
And yes all ETC is redeemable for Ethereum. Just go on the website and make a redemption request. It will be filled when the Ethereum gas limit is raised.
Go to ethercoin.cc
Scroll to the bottom of the page, there is a form where you put in your Ethereum address.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?
ETC= Ethercoin
And yes all ETC is redeemable for Ethereum. Just go on the website and make a redemption request. It will be filled when the Ethereum gas limit is raised.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Just a quick update:
Due to the low gas limit, it won't be possible to make any transfers on the Ethereum network for the next few days. '
We were considering delaying launch of the redemption page until then, but have decided to put it up ahead of time and allow people to put in their redemption requests early, so you can expect to see it live on our website within the next few hours.
Please note that it is your responsibility to generate your own Ethereum address. Please check the Ethereum website for instructions
Due to the low gas limit, it won't be possible to make any transfers on the Ethereum network for the next few days. '
We were considering delaying launch of the redemption page until then, but have decided to put it up ahead of time and allow people to put in their redemption requests early, so you can expect to see it live on our website within the next few hours.
Please note that it is your responsibility to generate your own Ethereum address. Please check the Ethereum website for instructions
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
An announcement regarding the redemption process will be made shortly.
Did you mean today? The info from the ethercoin website seems to have have disappeared.
Yes. The redemption page will be posted within 24 hours. You will be able to input a request to redeem your ETC for ETher.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
Hi Everyone,
Just wanted to give a quick update.
The website will be updated to provide redemption instructions by the end of this weekend.
There will be a form where you enter your Ethereum address. You will send ETC to a special burn address and your Ether will be sent to your Ethereum address.
All redemptions will be done manually from a secure system for security reasons. This means it may take up to 24 hours for your redemption to be processed. Larger redemptions will have priority over smaller ones. Any redemptions under 25ETC may take more then 24 hours to process.
Just wanted to give a quick update.
The website will be updated to provide redemption instructions by the end of this weekend.
There will be a form where you enter your Ethereum address. You will send ETC to a special burn address and your Ether will be sent to your Ethereum address.
All redemptions will be done manually from a secure system for security reasons. This means it may take up to 24 hours for your redemption to be processed. Larger redemptions will have priority over smaller ones. Any redemptions under 25ETC may take more then 24 hours to process.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
You need to leave the wallet open for quite a while to make sure it finds more then 1 connection. If you only have 1 connection it will take a long time to sync.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
There is any collateral you put on scrow? I got a quote from you, but I have my doubts... lets imagine this situation:
* I assume you have 1.000.000 ethereum
* I put 10 BTC to scrow, you put the proportional ETC
Now, what can happen at market opening:
* ETH goes x10, then you may choose to loose the ETC of the scrow since it will more profitable to sell the ETH instead of having the BTC
* ETH goes to 1 cent each... you may choose to deliver the ETH since the BTC worth more.
Seeing this, it is always a win situation for you, so I want to know if there are clauses to protect both sides and have win-win situation.
* I assume you have 1.000.000 ethereum
* I put 10 BTC to scrow, you put the proportional ETC
Now, what can happen at market opening:
* ETH goes x10, then you may choose to loose the ETC of the scrow since it will more profitable to sell the ETH instead of having the BTC
* ETH goes to 1 cent each... you may choose to deliver the ETH since the BTC worth more.
Seeing this, it is always a win situation for you, so I want to know if there are clauses to protect both sides and have win-win situation.
Unfortunately there is no way around this scenario. In the worst case you are guaranteed to have your BTC back, which means you would be in the same position you are in now anyway. Of course, we promise to honor every purchase no matter what. But short of our promise there is no way to guarantee anything.
The purpose of the escrow is to protect people who are worried that we will take their BTC and run away AND not give them any ether.
That being said, if your purchase is large enough -- we are willing to put down a portion of collateral as a security deposit that will be paid to you if we don't deliver the ETC within 24 hours of launch. PM us to discuss.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
We haven't decided on the length of the redemption period, but we will guarantee that it will be open for at LEAST 30 days from the launch of Frontier.
We might keep redemption open until some time after Homestead has launched.
We might keep redemption open until some time after Homestead has launched.
Frontier will not be using the Mist browser. Frontier requires code entries (a command line) and runs mostly on ubuntu.
Lots of folks are not at this level including myself.
Frontier is not meant for the average "buyer".
You need to think this through a little more and give people more time well into the homestead phase with full browser capabilities.
We will take a wait and see approach. From what we have heard, nearly everyone wants to redeem when Frontier launches. We'll make sure that there is a long enough period for everyone to redeem in all circumstances.
Re: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread
We haven't decided on the length of the redemption period, but we will guarantee that it will be open for at LEAST 30 days from the launch of Frontier.
We might keep redemption open until some time after Homestead has launched.
We might keep redemption open until some time after Homestead has launched.