1)  Will the community or the foundation vote on who will organize and maintain ECAP?

Short Answer -- the community.

ECAP recognizes everyone in the community, however its purpose is to empower the owners of EMC2, as such if you own EMC2 you have an implied right to vote on matters that effect EMC2.  That right extends to entities as well if they own EMC2.  

Consider EMC2 as a coin with two sides, on one side you have the face of EMC2 and on the other side you have the heart of EMC2.  
The Foundation serves as what we want the world to see first regarding EMC2, the projects and it's promise.   The EMC2 community serves as the heart supplying the life blood (the money) to the projects.   In that light, the Foundation does front-office works as the community does its back-office duties.  

This properly balances responsibilities.


2)  Who will make decisions if there is a disagreement within ECAP?

SA -- the community.

ECAP is an emergency measure, in it's design is a protocol for order essentially a day of discussion, a day of voting then scheduling of implementation.   Disagreements are inevitable, as responsible adults we must find ways to constructively work through them.   'No' is easy, finding ways to say 'yes' is the hard part.   Time is of the essence, disagreement must be responsibly solved one way or another.




3)  How would ECAP identify which matters have meaningful interest to the EMC2 Community?

SA -- if its important enough to you to present to the community for public consideration then it qualifies.   Community vote will determine where it lands on the things to do list.



4)  Where would these matters be discussed?

I believe we've spread ourselves thin with all of the various venues, Bitcointalk / EMC2 has served us well, I see no need for change -- that's my 1 vote.




5)  Who decides how much time will be spent on each discussion?


The first plan sets the tone, however if someone feels that the rules of order is important they should present it for consideration, if the community feels a foundational protocol is of great importance then it will likely be one of the earlier considerations addressed by the community since impact all subsequent plans.



6)  Where would the vote take place?

My single vote is for the vote to take place within this very forum.  




7)  How will the adopted orders be implemented?

That depends greatly on the complexity of the order and the resources available to carry it out.  If the measure was identified by the community to be important enough to have high placement then the community will likely do what is necessary to carry it out expeditiously.

Sponsors of measures should be prepared to provide hearers of their plans with roadmaps, to highlight the path to successful completion of the measure/plan.





8)  How will ECAP ensure that the adopted orders are implemented?


SA -- ECAP is self-insured, if we do the will of the community we will enjoy success, we we don't we won't.  

Everyone's participation is 100% voluntary, the greater the participation the greater the probability of ultimate success.  We all know where EMC2 has been, and we all have a pretty good idea of where it will go without concerted efforts, as such to whatever extent we don't ensure success we guarantee failure.





thank you for your questions

If I remember correctly it started at about 400K

The EMC2 community can revitalize EMC2 with concerted efforts, please support the Einsteinium Community Action Plan (ECAP).  

ECAP is an emergency measure to increase EMC2's market value, and to empower owners of EMC2 within its community.  

With ECAP we identify specific matters of meaningful interest to the EMC2 community, discuss the matter thoroughly with time-sensitive open-air discussion, conduct a community vote on the matter, implement adopted orders, then repeat with a new issue.   ECAP is based on decentralized group-think.  Voting informs everyone of the will of the people.

To get started we create a list of issues we believe, if implemented, will have a positive effect on EMC2's market value.  Since time is of the essence every step will have an expected duration, for this step we allotted 1 day.  As the list is being compiled we simultaneously discuss the order the list of issues should be addressed, after a day of open air discussion, it will be followed by 1 day of voting.  The end result will be an organized list of issues the community has identified as important.

This exercise readies the community for bigger action.  With the list in hand we immediately address the first issue on the list with 1 day of open air discussion followed by a 1 day vote.  Implementation is important and will likely take place simultaneously over many time schedules depending on the complexity of the matter and the resources available.  

Remember each time an issue is raised and properly handled EMC2's market value should meaningfully rise; if you want to see EMC2's market value increase I urge you to support ECAP.

If you believe EMC2 is undervalued, if you believe EMC2 is in a state of emergency, if you believe your EMC2 ownership entitles you to vote on the direction the CC should go, and if you believe EMC2 is deserving of short and long term success I urge you to support ECAP.  

ECAP is ready for immediate implementation, unlike centralized control that needs very few, to do very little, for EMC2 to go nowhere, ECAP needs very many, to do very much, for EMC2 to go very far.  

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 have endorsed ECAP [#as of June 3]

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

________________________

Alphi Initiative for EMC2 Community Consideration

... 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.

_______________________

Here are some ways to support ECAP:

1) simply post: '+1 ECAP'  
2) contribute an initiative, post: 'ECAP - _________________________' [title of your initiative] followed by a few cogent paragraphs to introduce it, to indicate why it should increase EMC2's market value, and the reason why it should be addressed and adopted earlier by the EMC2 community.
and/or
3) share this post with others that you know own EMC2.  


If you want to see higher market values for EMC2 support ECAP.

[this emergency proposal expires on June 6, 2014 if overwhelming support is not granted by the EMC2 community]

ECAP adoption by the community gets the coin going again, but ECAP needs large scale adoption to work.  Did you weigh in on it?

Look at the 24 hr volume, look at the high and the low for the same period.  All of the data begs for progress, but if the community does nothing then EMC2 will continue to drop.

PLEASE NOTE: the lower EMC2 drops the more difficult it will be to raise its value; I repeat, the lower EMC2 drops the more difficult it will be to raise its value.  Here's why:

Many time when we invest in CCs we do so by the numbers, but at some points along the way we form bond with particular CCs.   That bonding solidifies a base for the CC, if that based becomes fractured the CC performance becomes difficult to rely on.

It was around the time of the infamous bet, while EMC2 was enjoying good performance that it started to gradually slow to weak performance.   To this day I still don't know what the person who bet on EMC2 falling knew to make such a crazy bet.   The slowing could have been connected to many things, but it wasn't until 'the overmilking of the cash-cow' that EMC2 appeared to have lost real performance power, enough for some in the community to speak on it (fracture).   Those who were used to the market swings all said: 'eh, don't worry about it; low prices means good buying opportunity' (fracture repair).   But it wasn't until the major fail, "Tuesday's press release" that the community's base suffered a major fracture.   It was clear at that juncture that the magic-memo lost it's mojo, and that management did not have the resources to fix the problem EMC2 found itself in.  The paper losses were  30 - 65% at that time.   

Some people cut their losses by selling EMC2 to find a better opportunity.   Some bought into the lower values ever hoping for an upswing, when those losses mounted many of them decided to simply stash their coins for a brighter day and move their attention to a better now opportunity.  The simple fact is, if you can't make money here you will likely go elsewhere to make money.   When that happens this community fractures more, and more, and more. 

EMC2 moved from 800 sat to 80 sat in 4 weeks, disinterest is dangerously high, stop the madness, adopt ECAP before it's too late.

Ryan STOP!

There's no need for you to assume greater responsibility, in fact I'm asking you turn over the 'leadership keys' to the community so that the responsibility for the coin's success or failure is rightly shared as a community.

Without question ECAP can revive this coin, however some community members loyal to you have not endorsed the bold and liberating plan in an effort to prove their loyalty to present leadership.  Their loyalty to you is hurting you, them, and everyone else involved.

I think in your heart you know you have bitten off far more than you can chew, the evidence is abundant, please respect the evidence.   Please put down the leadership keys, allow ECAP to do what is necessary to save the coin -- trust the community.  

Ryan do the right thing for the coin, EMC2 investors, and future projects -- endorse ECAP.

ECAP is ready NOW to start improving the financial position of EMC2,  the longer you delay your endorsement the harder the whole community must work to get EMC2 back on it's feet.   

Endorse ECAP so that everyone could enjoy happy days again with EMC2

As it stands right now, looking at all of the open markets, if you filled all of the sell orders you would get far less than your target inventory for far more than your target price.

A realistic valuation of what you want for an instant transaction is about 500 sat per EMC2.

Those who are willing to sell low EMC2 have listed their inventory, those who have not chosen to sell low have not listed, furthermore, in terms of volume even for those willing to sell low, it seems they are only selling a limited amount perhaps for specific purposes.  Lastly, if you consider the buying time necessary to result in 1M+ coins gathered from exchange to exchanges the value of doing a single transaction deal goes up substantially.





 

 

I'm encouraged by the open air discussion over the POS matter, after a thorough airing of the matter it should properly close with a vote of the community.  As you may see, EMC2 is hemorrhaging much needed value at the exchanges.  Talk is good however EMC2 needs action; swift, deliberate, and meaningful action. 

I'm of the opinion that the community can revitalize the coin with concerted efforts, as a result I am asking that we support the Einsteinium Community Action Plan (ECAP).   ECAP is an emergency measure to increase EMC2's market value, and to empower owners of EMC2 within its community.   

With ECAP we identify specific matters of meaningful interest to the EMC2 community, discuss the matter thoroughly with time-sensitive open-air discussion, conduct a community vote on the matter, implement adopted orders, then repeat with a new issue.   ECAP is based on decentralized group-think.  Voting informs everyone of the will of the people.

To get started we create a list of issues we believe, if implemented, will have a positive effect on EMC2's market value.  Since time is of the essence every step will have an expected duration, for this step we allotted 1 day.  As the list is being compiled we simultaneously discuss the order the list of issues should be addressed, after a day of open air discussion, it will be followed by 1 day of voting.  The end result will be an organized list of issues the community has identified as important.

This exercise readies the community for bigger action.  With the list in hand we immediately address the first issue on the list with 1 day of open air discussion followed by a 1 day vote.  Implementation is important and will likely take place simultaneously over many time schedules depending on the complexity of the matter and the resources available. 

Remember each time an issue is raised and properly handled EMC2's market value should meaningfully rise; if you want to see EMC2's market value increase I urge you to support ECAP.

If you believe EMC2 is undervalued, if you believe EMC2 is in a state of emergency, if you believe your EMC2 ownership entitles you to vote on the direction the CC should go, and if you believe EMC2 is deserving of short and long term success I urge you to support ECAP.   






Here are some ways to support ECAP:

1) simply post: '1+ ECAP' 
2) contribute an initiative, post: 'ECAP - _________________________' [title of your initiative] followed by a few cogent paragraphs to introduce it, to indicate why it should increase EMC2's market value, and the reason why it should be addressed and adopted earlier by the EMC2 community.
and/or
3) share this post with others that you know own EMC2. 


If you want to see higher market values for EMC2 support ECAP, it is designed to empower EMC2 owners and to increase the market value of EMC2 in a stable, reliable, sustainable, and responsible way.

indeed a welcome reprieve, and a sight for sore eyes:

+34.5%  Polonex
~ 40%  Cryptsy (not reported)
+58.23% Mintpal


The EMC2 has got to capitalize on positive market swings, this one seems to account for Darkcoin's return from its recent moon trip, which essentially sucked all of the money out of the alts for a couple days (EMC2 went from ~200 to ~100).   Now that Darkcoin's wild ride appears to be normalizing, some of the CC victims of her wake are beginning to see  some funds return.   

Market swings like this are fleeting, but with a strong EMC2 recovery plan in place these positive market swings will serve as boosters instead of life savers. 

Sure if the moon he speaks of is 100 sat  ... otherwise no there's no 'take off', and no pump, heck there's barely a pulse.  

Look closely many of the orders are simply place holders for specific rates.  The day's volume for ALL of the exchanges combined was ~1.5 BTC (rate range 77 to 101).

The talk (hype) serves no good purpose, however as talk graduates to action markets respond.  I think the website may have helped to slow EMC2 decline; after it was mentioned the rate essentially went from low 80s to low 90s, before it was mentioned (although the site was there to see) the rate was in the high 70s.

My interpretation of this is:

1) Action - the community is rewarding action, more meaningful action is likely to result in higher values,
2) Orders - the spacers orders are poorly veiled efforts to prop up the coin,    
2) Volume - at this particular time extremely low volume probably has more to do with investors readying their pockets for a lower priced coin than advancing disinterest.  The major evidence of this was the reaction to the Mintpal malfunction and service interruption.  The problem resulted in EMC2 dropping from 100 to 77, volume was considerable.

There are at least 7 issues of great concern to the community, my guess is as they get identified, hashed, and solved, fixed, or implemented EMC2 rates will respond with great favor.

Attention Coin Promoters,

Armis is a high strategy board game currently played in over 140 countries around the world, players are in all demographics but tend to be Male, early twenties, in college, high IQ, and adventurous (measured risk taker).  Most of our audience is a perfect match for the cryptocurrency market which is why you should give us coins to use as prizes to those who play the game, complete advanced missions while playing the game, and/or do LPA videos.  

If you have tee-shirts and/or caps we could do "Let's play Armis" videos sponsored by _____________ [your coin name] with the player wearing your cap and t-shirt while playing the game.  

The point is this is another opportunity to put your coin message in front of new bright eyes.  

I saw it yesterday when I was looking for new project nomination deadline dates.   

The site infrastructure appears to be in place although many of the details are still coming together.

I think you are right to mention it before official mention, EMC2 needs as much meaningful encouragement as possible at this critical time.

Whoa, "Vlad2Vlad"    ... you here to help EMC2 out of this major jam, or to issue last rites?

Your wealth of CC knowledge, and hands-on aggressive style may be the shot-in-the-arm needed to wake EMC2 up out of its current coma.    

Do you currently own any EMC2?

Have you followed EMC2 at any point in the past 4 weeks?

Dailey123, 1331 was a direct result of the new kid on the block fad fame; since that time it has never seen that rate again.  

3 years in the CC industry is great I wish such tenure was relevant to the way things are done now, but they aren't, not for BTC and not for any of the alts either.  Back then a press release was magic, as EMC2 recently experienced it no longer packs the same punch.  These are different times, times that now require greater and more concentrated efforts.  Remember when Doge could literally chat up its market value, well that's finished, just like many of the strategies and tactics of the past.

We are entering a time in the CC evolution in which security is more important than ever, and genuine community involvement (not simple hype) is NECESSARY for meaningful growth and stability.  The line of demarcation occurred in early Feb of this year, when the CC community finally came to the realization that real money was being lost chasing cryptocash.  The oddest thing in the world is the fact that although everyone knows how to literally create new money, so many still prefer to steal and scam it away -- Mt Gox  (once biggest, oldest, and most trusted exchange in CC history).

Anyway fad fame enjoyed by new coins almost always result in a higher unrealistic beginnings followed by far more realistic and stable longer term values.  Essentially the coin has its beginning range, its end range, and its middle range comprised of high, low, and mean averages.  Historically, the ONLY time EMC2 has seen this level of low was when it was growing in and out of it in/at the beginning range/stage, not sinking into it, indicative of end stage activity.  

EMC2 is at a critical juncture, in need of emergency care from the community, there is no time for complacency -- this is NOT a test, it is a real emergency.

#1 & #3 are clear.    #5 is a bit unclear

I think #2 is a discussion point that has been mention numerous times and should be given legs so that it could be thoroughly considered by the community, and subsequently voted on (adopted or rejected).  

In what way, if any, do you see the subject of merge mining as relevant to the market value of EMC2?

you don't have to be dead to be lifeless, EMC2 is clearly comatose with extremely weak vitals so you have two choices:
1) make funeral arrangements
or
2) initiate emergency measures to revitalize it

yes it is true that 'every coin goes up and down', and it is also true that almost all coins are getting hit very hard and suffering major damage, however most other coins have far more 'meat on their bones' to 'weather the storms', EMC2 doesn't have that luxury.   EMC2 is currently sliding into double digits at all of the exchanges that  is a very bad indication; it is not a dip or an inverted spike it's slow and deliberate which means it's REAL -- real bad.

I said it at 500 sat, repeated it at 400, 300, 200, and 100: "EMC2 value is too low, this is not good for the coin, much should be done to increase the value of the coin".

  





 

how much to make faucets (opensource clones) ?

I think that might be on the same track (in the ballpark); here is the reference link:  https://bitcointalk.org/index.php?topic=621411.msg6882556#msg6882556




on a different note:
I noticed your sig how would you like to partner on some cryptocurrency projects?
 

Leonart its time for serious discussion about EMC2, are you ready to be a part of EMC2's revitalization efforts?

What can you do, and what do you want to see done to bring life back to EMC2?