I've not been following the Einsteinium situation very closely lately, but I'm sad to see that things have taken a bit of a downturn. It's always struck me as a nice coin, with some nice features. The community seems to be rallying, which is good to see. One thing that may help, is reducing some of the clutter in the Einsteinium sub-reddit. I appreciate that cross posting science related articles helps keep the subreddit active, but it also creates a ton of noise and creates a general air of unruliness (IMHO). If you're looking to encourage adopters, keeping things like that clean and accessible will likely prove helpful.
Is the biggest problem at present a lack of developers working on the coin? Which features do people believe would give EMC2 the boost it needs? I see a lot of mention of POS (Proof of Stake) functionality. POS, along with anonymous transactions seem to be flavour of the month amongst the other coins at present. Having said that, some of the POS coins (such as MintCoin), also seem to be in a bit of a slump at present too.
Thanks for that message. At the present time the newly elected board (only hours old) is organizing itself and will likely issue it's first EMC2 Board Report in the coming days, frequent updates are expected to follow as well. I can assure you that absolutely everything you have mentioned will eventually be addressed by the board. A part of that 'organizing' will be the prioritization of issues of concern to EMC2, currently the #1 priority is unquestionably EMC2's market value, as such much of what you see in the coming weeks will directly or indirectly positively affect EMC2 market value. It is likely that committees will form and that invitations will be extended to you; one of the best ways to help EMC2 and its board is to participated on a committee. |
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We still need to find someone to fill the vice-president position and someone for the fifth Board Member seat.
What does the role of Vice President actually entail (apart from covering for the President should he be unavailable?) Normally, meaning if we were not in an emergency situation, we would have a set of bylaws that would delineate the duties and responsibilities for each person connected to the organization, that would be: the members, the board as a whole, each board members, the chairman, the officers (Pres, VP, 2nd VP, Tres, Secy), Committee Chairs, and committee members, employees. Although it is not a high priority item (meaning not relevant to market value) the board will likely schedule the creation of bylaws for some later time period. To answer the question more directly, the VP's chief responsibility is exactly what you indicated (red), with or without other customary or legislative duties. As the open nomination period is over [...]
Since only one nomination was made per seat and officer position, we don't need elections.
Well with a nomination period of ~2 days, during a week end, don't be surprised of not getting enough candidates to do a proper election. Maybe I'm the only one not following this topic every hour, but this don't especially sounds like a democracy to me. Maybe you should extend the "nomination" period a little? Since April 20 EMC2 lost a tremendous amount of market value; over the past month approximately 40 people have expressed various levels of discontent with the condition we, the EMC2 community, find ourselves in; over the past 20 days the EMC2 community discussed various ways that might revive EMC2; in the past 10 days the Einsteinium Community Action Plan (ECAP) was introduced as a bold initiative to move on those great community ideas, however it failed to get overwhelming community support. Immediately after that failure, to avoid a leadership vacuum, and to enable the merits of ECAP to be readdressed in a more definitive way an election plan was drafted. If you read all of the posts between your two most recent posts you will have all of the details and get a real sense of the mounting frustration many had with the 'time wasting' process of trying to do things in a democratic, responsible, yet expeditious fashion. Although board and officer nominations are closed you are very much welcomed and encouraged to do all you can to help improve EMC2's condition. In a couple days the newly elected board will be reaching out to everyone seeking volunteers to participate more in focused ways. _______________________________________________________ These low prices are coming to an end, grab them up while you can:  |
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But I do not want to be vice president  I'm sorry to see that I watch on EMC2, but unfortunately missed some time. What happened to the dev core? anyone left?
From my understanding a remnant remains, but what if everyone left, what would you do? On the other hand what if no one left, what if the whole dev core was still in place doing the best they could, what would you do? To me, it doesn't make much of a difference, I'm looking at the month+ performance record and deciding on that to help it or leave it -- I've chosen to help it. What if the weak shell of a coin you see now was depending on you to make a come back, what would you do? Waiting and watching didn't work, discussion of good ideas didn't work, not even a promising action plan; EMC2 problems will only be solved with concerted actions, Team EMC2 ... will strengthen EMC2 and result in higher more stable market values. Specifically, we will responsibly and expeditiously address all of the issues brought up by the community, including but not limited to: POS, merge mining, limited exchanges, retail usage, leadership progress reports, official valuations, etc ...
In addition, we we will reach out to other CC communities for intelligence and assistance, and reach out beyond the CC industry for support as well; we will grow EMC2 in such a way that will make the community proud.
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One of the most important aspects of a democracy is trusting in your system.
Organically formed leadership starts with bottom up elections, which produces top down management, for all around accountability, The org must have a comprehensive revitalization plan for EMC2 in addition to a stated long-term mission, and plain language bylaws.
EMC2's first community-wide elections.
1) The EMC2 Foundation (not The Einsteinium Foundation) - shall have a 5 member board. the 5 members shall be elected by plurality of EMC2 votes on June 12th. Board members may also be an officer, there are four primary officers: President, Vice President, Treasurer, and Secretary.
2) Open Nominations - nominations for the 5 board seats are now open, you may nominate who you wish (self-nomination are permitted), however if the person nominated declines the nomination the name is removed from further consideration. The open nomination period ends on June 9th at 1pm EST.
3) Presentations - June 10th each candidates is encouraged to make a presentation to the community by indicating why he or she should be elected to the board.
4) Elections - all candidates for Secretary work together to: determine the voting method, track and tally all votes, and certify the election. The presentation period ends on June 11 at 1pm EST, voting immediately follows. Voting closes on June 12 at 1pm EST. Once all votes are certified by the Secy candidates the winning Secy will announce certified results to the community.
Alphi has contributed the following voting method for consideration:
"... one easy way you could do that is by setting up one Einsteinium address to represent each option...
ask people to donate Einsteinium to the option or options that they prefer.
50% of the vote is calculated based on the number of unique donating addresses.
50% of the vote is calculated by how much einsteinium has been collected by each address.
tally those up and you would have a fair idea of what the community wants...
the reason why I recommend 50% - 50% is to counterbalance against people who would either vote
multiple times using different addresses OR try to spend like crazy to get their own way."
5) Get Started - After formation the first order of business for the board will be to elect its chairperson, the secretary will manage that election. The chairperson should appoint committee chairpersons for each issue of importance that s/he feels should be addressed by the board. The board should report to the community daily progress until such time that EMC2 is on stable higher ground.
All of the above is open for discussion and refinement.
This is just what the doctor ordered. I'd like to play a somewhat small role in the coins revival if I can (unfortunately I dont have a lot of spare time for greater involvement). Let me be the first person to nominate Armis for the position of President  Thanks for the nomination, I appreciate and accept it. Thanks for accepting your nomination. |
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One of the most important aspects of a democracy is trusting in your system.
Organically formed leadership starts with bottom up elections, which produces top down management, for all around accountability, The org must have a comprehensive revitalization plan for EMC2 in addition to a stated long-term mission, and plain language bylaws.
EMC2's first community-wide elections.
1) The EMC2 Foundation (not The Einsteinium Foundation) - shall have a 5 member board. the 5 members shall be elected by plurality of EMC2 votes on June 12th. Board members may also be an officer, there are four primary officers: President, Vice President, Treasurer, and Secretary.
2) Open Nominations - nominations for the 5 board seats are now open, you may nominate who you wish (self-nomination are permitted), however if the person nominated declines the nomination the name is removed from further consideration. The open nomination period ends on June 9th at 1pm EST.
3) Presentations - June 10th each candidates is encouraged to make a presentation to the community by indicating why he or she should be elected to the board.
4) Elections - all candidates for Secretary work together to: determine the voting method, track and tally all votes, and certify the election. The presentation period ends on June 11 at 1pm EST, voting immediately follows. Voting closes on June 12 at 1pm EST. Once all votes are certified by the Secy candidates the winning Secy will announce certified results to the community.
Alphi has contributed the following voting method for consideration:
"... one easy way you could do that is by setting up one Einsteinium address to represent each option...
ask people to donate Einsteinium to the option or options that they prefer.
50% of the vote is calculated based on the number of unique donating addresses.
50% of the vote is calculated by how much einsteinium has been collected by each address.
tally those up and you would have a fair idea of what the community wants...
the reason why I recommend 50% - 50% is to counterbalance against people who would either vote
multiple times using different addresses OR try to spend like crazy to get their own way."
5) Get Started - After formation the first order of business for the board will be to elect its chairperson, the secretary will manage that election. The chairperson should appoint committee chairpersons for each issue of importance that s/he feels should be addressed by the board. The board should report to the community daily progress until such time that EMC2 is on stable higher ground.
All of the above is open for discussion and refinement.
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ECAP has failed to receive overwhelming support from the EMC2 community.
If you have an EMC2 revitalization plan please present it to the community for consideration.
I will present a new plan in a few hours.
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You should add Bytecoin BCN and Boolberry BBR, both innovative CryptoNote currencies.  What is cryptonote? please |
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[edit changed post to update ECAP stats]
Today, June 6th is the last qualifying day to adopt this measure.
ECAP needs overwhelming EMC2 community support to work, 'overwhelming' may be expressed in any one of these 3 ways:
- 30% of the coins in circulation (total 104M, target 31M),
- 30% of all known EMC2 forum contributors from forum creation to when ECAP was introduced (May 28th). The total number is ~375, 30% of that is 113
- 66% of all known EMC2 forum contributors from initial date of EMC2 decline (~April 20th) to when ECAP was introduced. Total ~125, 66% of that is 83
As the initiative gains community favor supporters are encouraged to start identifying issues of community concern that if implemented will have a positive effect on EMC2's market value.
The following individuals have endorsed ECAP [#as of June 6]
1) Armis
2) djnocide
3) Cobra
4) Anonz
5) IPCoinz
6) mdtspain
7) ahumanbeingx
8) Gauss14 [not registered member prior to May 28]
9) HKBvM
10) Scrappy Do
11) Lovethecoins
12) Alphi
13) leonar76
14) Bobsurplus
15) bobq
16) GIminer
17) AcLion
18) makishart
19) etoque
20) sneakgeekz
21) chMiner
22) Oldminer
23) wizely
24) ottobene
By my estimation the above EMC2 owners account for about 1/2 of the votes needed by coin count, or 1/4 of the votes by forum contributor count.
ECAP today left to be adopted, in one way or another the community will have spoken.
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ECAP needs overwhelming EMC2 community support to work, 'overwhelming' may be expressed in any one of these 3 ways:
- 30% of the coins in circulation (total 104M, target 31M),
- 30% of all known EMC2 forum contributors from forum creation to when ECAP was introduced (May 28th). The total number is ~375, 30% of that is 113
- 66% of all known EMC2 forum contributors from initial date of EMC2 decline (~April 20th) to when ECAP was introduced. Total ~125, 66% of that is 83
As the initiative gains community favor supporters are encouraged to start identifying issues of community concern that if implemented will have a positive effect on EMC2's market value.
The following individuals have endorsed ECAP [#as of June 6]
1) Armis
2) djnocide
3) Cobra
4) Anonz
5) IPCoinz
6) mdtspain
7) ahumanbeingx
8) Gauss14 [not registered member prior to May 28]
9) HKBvM
10) Scrappy Do
11) Lovethecoins
12) Alphi
13) leonar76
14) Bobsurplus
15) bobq
16) GIminer
17) AcLion
18) makishart
19) etoque
20) sneakgeekz
21) chMiner
22) Oldminer
23) wizely
In my estimation the above EMC2 owners account for about 1/2 of the votes needed by coin count, or 1/4 of the votes by forum contributor count.
ECAP has 1 day left to be adopted, in one way or another the community will have spoken overwhelmingly, silence counts against the measure.
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What load of BS. 80% of the Afghans are illiterate and you are expecting them to use Bitcoins? How they will store their coins safely? And how they will find the exchange rates?
Cut it out, illiteracy is not a barrier for intelligent business people. If you speak and read 12 different languages and hold 5 different post doctoral degrees but don't know the language of your host nation you'll pretty illiterate, but you will certainly find a way to communicate your message and do what you need to do. My opening post is about people who are ALREADY doing import business, they are already doing money transfers, the only difference is the banks they were used to doing business with have limited their ease of use. So now they must seek other ways to facilitate their money transfers. It's unbelievable how so many jump to different levels of negativity for no good reason. I invite you to listen to the actual story (via OP link) than contribute some constructive discourse, please. How can someone say it is hard to do international transfers to Afghanistan or from Afghanistan when CIA pumped there millions of dollars?
They just don't want us regular people to be able to do businesses there!
And what I don't really understand is why we still use fiat when we can use BTC!!!
Why we let others do the rules for us!
Let's start a revolution!
Careful cowboy, BTC has a market cap of less than 10B, that means just about any well known USA corp could buy it up over night, and run it into the ground before you wake up to check on your trades. China has proven with their 'legal, illegal, legal, illegal, legal, illegal' determinations about btc that they could shut it down, start it up, and change their minds anytime they wish. |
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Do you think hedge fund companies love Bitcoin?
How will Bitcoin benefit their investors?http://www.c[Suspicious link removed]m/id/101711220 any hedge fund manager that places their clients fund into cryptocurrency markets are looking to get fired. However, the reference article really talks more about customers being able to use btc at retail stores. Now if the question is should hedge funds see BTC payment options at stores in their portfolio as risky or smart, the answer is it depends on what the retailers do with the BTC. If they are immediately convert it coin, that would be smart. If they are holding the BTC for speculation that would be stupid. But if they are holding it to pay employee who wish to be paid in BTC that is genius. At this time last year, they were predicting that BTC would be $50K by this time -- off by a factor of 10 and a month. Does that mean btc is going to 5k in a month?  no, it means my math sucks it should have read '100 and a month', meaning $500 a month ago. thanks for that |
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any hedge fund manager that places their clients fund into cryptocurrency markets are looking to get fired. However, the reference article really talks more about customers being able to use btc at retail stores. Now if the question is should hedge funds see BTC payment options at stores in their portfolio as risky or smart, the answer is it depends on what the retailers do with the BTC. If they are immediately convert it coin, that would be smart. If they are holding the BTC for speculation that would be stupid. But if they are holding it to pay employee who wish to be paid in BTC that is genius. At this time last year, they were predicting that BTC would be $50K by this time -- off by a factor of 10 and a month. Haha that made me laugh. I bet some of them would still do it - probably the ones that are not performing well and need to get lucky on bitcoin to avoid getting fired anyway. I think hedge fund managers would like bitcoin for ultra high value clients that have already diversified their portfolio as much as possible. Bitcoin provides another avenue to diversify into There was one wall street guy that invested in BTC not too long ago, just before Gox made it's exit, that was around the time when BTC was $700, now he was some young upstart "bringing btc to wall street" I think he brought about $10M to the btc table. Bet he's in rehab and wall street still hasn't stopped laughing at him yet. The wiz kids of crypto will clean wall street out just for the fun of it. Wall Street is not likely to deal with decentralized anything, if they can't control it, and can't control those who control it they want nothing to do with it. Does it need to be centralized to be controlled though? Whales are controlling bitcoin markets right now, for instance. Sadly many of those Whales are bleeding the Alt community dry right now. This is the sort of crap that leads to the wiz kids seeking revenge. Wall street tolerates whales on wall street because they can identify them and control each and every one of them via SEC. There is no such control mechanism in Crypto. |
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any hedge fund manager that places their clients fund into cryptocurrency markets are looking to get fired. However, the reference article really talks more about customers being able to use btc at retail stores. Now if the question is should hedge funds see BTC payment options at stores in their portfolio as risky or smart, the answer is it depends on what the retailers do with the BTC. If they are immediately convert it coin, that would be smart. If they are holding the BTC for speculation that would be stupid. But if they are holding it to pay employee who wish to be paid in BTC that is genius. At this time last year, they were predicting that BTC would be $50K by this time -- off by a factor of 10 and a month. Haha that made me laugh. I bet some of them would still do it - probably the ones that are not performing well and need to get lucky on bitcoin to avoid getting fired anyway. I think hedge fund managers would like bitcoin for ultra high value clients that have already diversified their portfolio as much as possible. Bitcoin provides another avenue to diversify into There was one wall street guy that invested in BTC not too long ago, just before Gox made it's exit, that was around the time when BTC was $700, now he was some young upstart "bringing btc to wall street" I think he brought about $10M to the btc table. Bet he's in rehab and wall street still hasn't stopped laughing at him yet. The wiz kids of crypto will clean wall street out just for the fun of it. Wall Street is not likely to deal with decentralized anything, if they can't control it, and can't control those who control it they want nothing to do with it. |
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any hedge fund manager that places their clients fund into cryptocurrency markets are looking to get fired. However, the reference article really talks more about customers being able to use btc at retail stores. Now if the question is should hedge funds see BTC payment options at stores in their portfolio as risky or smart, the answer is it depends on what the retailers do with the BTC. If they are immediately convert it coin, that would be smart. If they are holding the BTC for speculation that would be stupid. But if they are holding it to pay employee who wish to be paid in BTC that is genius. At this time last year, they were predicting that BTC would be $50K by this time -- off by a factor of 10 and a month. |
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I was listening to NPR this morning heard the following story: http://www.npr.org/2014/06/05/319030334/afghans-must-pass-anti-money-laundering-law-or-face-blacklistThe international community has told Afghans to fix their banks and pass anti-money laundering legislation by June 22. If officials fail to do so, the country will be badlisted for five years. Currently Afghans are having major difficulties with international money transfers as the banking system tightens the screws in order to make sure that the country votes the way the banks wish. [shame on them] This has resulted in many businesses frantically running around trying to find ways to do international transfers in order to do their imports. The established money transfer businesses are racking up, rates have climbed upwards of 80% over bank rates. This is a MAJOR opportunity for BTC business to make a major move over there. Anyone here know anyone over there? |
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Within the EMC2 community, what devs do we have?
From my understanding EMC2 was developed by contract (not the norm / pay lower but certain), not on spec (the norm / pay often higher but uncertain) When development work needed to be done individuals (ie BobSurplus) sought out developers to do what was needed. My guess is the tiny few (Foundation + others) who sacrificed much to create and develop EMC2 came out of pocket time and time again to maintain the coin. Developers are hard to find, particularly when a coin is highly undervalued, dysfunctional, nonperforming, and unorganized. Under those hostile conditions developer fees are almost never discounted. A community that is organized is informed about their: resources, strengths, and goals. Through group-think and concerted efforts they maximize existing resources to reach their goals. Such high level organization is often reflected in the coin's performance (higher market values) which make the coin more attractive to both investors and contractors. Perhaps reach out to Asiacoin devs? I am active there as well, and Maestro and crew are amazing....... I will make a post now.... perhaps follow up? They saved a scam coin, and it is showing serious growth. I made my posts, please feel free to add input or tell me to STFU as needed. I truly mean the best of intentions. There were days when my miners were running, and I told myself (get the hell off EMC!) but I believed in this coin, and still do. Please read here if you care about my posts to the AC Devs.... https://bitcointalk.org/index.php?topic=595999.msg7138651#msg7138651Wow, Scrappy Do is an cryptocurrency diplomat. both of those posts were fantastic and it looks like is was received with the care and concern EMC2 needs. Without a doubt that was "step-up" excellence The Patient literally requested. +1 ECAP
Glad to see your endorsement come through. |
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Within the EMC2 community, what devs do we have?
From my understanding EMC2 was developed by contract (not the norm / pay lower but certain), not on spec (the norm / pay often higher but uncertain) When development work needed to be done individuals (ie BobSurplus) sought out developers to do what was needed. My guess is the tiny few (Foundation + others) who sacrificed much to create and develop EMC2 came out of pocket time and time again to maintain the coin. Developers are hard to find, particularly when a coin is highly undervalued, dysfunctional, nonperforming, and unorganized. Under those hostile conditions developer fees are almost never discounted. A community that is organized is informed about their: resources, strengths, and goals. Through group-think and concerted efforts they maximize existing resources to reach their goals. Such high level organization is often reflected in the coin's performance (higher market values) which make the coin more attractive to both investors and contractors. |
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sorry guys, i dont understand ecap concept, what will ecap do exactly ? for ex; ecap set buy supports, or pumpt 200 - 300sat, i dont understand,
i know taht i have 3M emc2, and i am holding, and i have BTC, if this ecap rescue emc2, i am in. thanks guys.
Yes, ECAP is a rescue plan for EMC2. ECAP is an emergency measure, responding to an emergency situation. HOWEVER, ECAP requires overwhelming permission. You said you don't understand the concept, ok in its most stripped down self ECAP is an empowerment plan, it provides a very simple guide that if followed will allow the EMC2 community to determine its own destiny. In order for ECAP to be effective it MUST have overwhelming support within a reasonable period of time. ECAP brings the community together for the specific purpose of solving EMC2's problems though consensus. Individually we target an issue of concern, we bring that issue to the community to address it as a whole, then when consensus is reached on the matter the order is in place for implementation. Here's why ECAP adoption will increase EMC2 market value, because it will show the world that EMC2's community is an organized body, an engaged body, a determined body, and a body that is ready, willing, and able to carry out its will. ECAP by design creates a structural foundation (base not org) that is rock solid -- stable, reliable, and easy to build on. Time is of the essence, if ECAP isn't adopted soon it will be determined that the community doesn't want it. I believe in group think, and consensus it's two of the guiding principles for the whole CC industry. |
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the most reliable way to hold a free and fair vote is to use the block-chain itself. Because of point 4 there is no fair forum to hold voting because the community is spread too thinly and a vote in one forum would exclude users of another forum. Therefore, the best way to do it in my view is to hold all the voting on the block-chain itself and simply post the addresses in each of the forums to guarantee maximum participation.
same goes for point 5.. if all issues are put in the blockchain then anyone and everyone can see which issues demand the most attention.
in my mind the process would work something like this... someone creates a list of all issues.. PoW, PoS, Switch to X11, more focus on marketing etc etc etc.. each issue is given its own EMC2 address and the lists are posted on the front page of each forum. Everyone votes on as many issues as they please sending tiny donations which represent the issues that they consider to be the most urgent.
For example if I want PoS and I want more marketing .. then I would send maybe 10 EMC2 to the PoS address and then 8 EMC2 to the marketing address and so on and so on. The votes are tallied continually based on an aggregate of number of unique addresses VS the amount of EMC2 donated. The issue with the highest votes is the one that the community tackles first.. when that issue is resolved then then next highest issue is tackled and so on and so on....
if done correctly this gives everyone a say in which changes should be made (if any), guarantees that only people who use EMC2 are actually voting (stops people from trolling the voting process), and doesn't leave people out of the loop who may not be actively checking forums on a daily basis.
I agree, think this is a good setup. The donations generated from these adresess should go to the ECAP in my opinion ECAP has no budget or bills, but it really needs more community support, currently 11 of the 12 supporters are valid endorsements we need 72 more valid endorsements to consider it adopted. Time is of the essence, we must move with deliberate speed knowing the urgency of the matter. |
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the most reliable way to hold a free and fair vote is to use the block-chain itself. Because of point 4 there is no fair forum to hold voting because the community is spread too thinly and a vote in one forum would exclude users of another forum. Therefore, the best way to do it in my view is to hold all the voting on the block-chain itself and simply post the addresses in each of the forums to guarantee maximum participation.
same goes for point 5.. if all issues are put in the blockchain then anyone and everyone can see which issues demand the most attention.
in my mind the process would work something like this... someone creates a list of all issues.. PoW, PoS, Switch to X11, more focus on marketing etc etc etc.. each issue is given its own EMC2 address and the lists are posted on the front page of each forum. Everyone votes on as many issues as they please sending tiny donations which represent the issues that they consider to be the most urgent.
For example if I want PoS and I want more marketing .. then I would send maybe 10 EMC2 to the PoS address and then 8 EMC2 to the marketing address and so on and so on. The votes are tallied continually based on an aggregate of number of unique addresses VS the amount of EMC2 donated. The issue with the highest votes is the one that the community tackles first.. when that issue is resolved then then next highest issue is tackled and so on and so on....
if done correctly this gives everyone a say in which changes should be made (if any), guarantees that only people who use EMC2 are actually voting (stops people from trolling the voting process), and doesn't leave people out of the loop who may not be actively checking forums on a daily basis.
Alphi, I cannot determine if your post is a general discussion contribution, an ECAP initiative contribution, or both. If it's an ECAP initiative I will add you as an ECAP supporter and ECAP initiative sponsor, then place your measure on the list of initiatives for ranking order consideration by the community. |
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