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Question:
Regarding a premine, what is the full definition of the word "float"?
Thanks
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djnocide said: "Too bad i don't have 3 BTC because i'd do it."
ok, let's say you did it, what's your next step?
wait to see what the foundation is planning, right a lot of people are dumping. Too many coins on the market for a coin that we don't know the future (no clear path). Sometimes you need to takes chances, might turn good, might be bad. You have to believe in the choices you makeouch, I was hoping for a very different answer. For the most part, everyone who invested in EMC2 'believe in the choice they made', the belief was monetized and invested into the vision, subsequent investment solidified the beliefs and matured those beliefs into a shared vision. When things went wrong, when monetary values dropped, unbelievers fled without pause, it is the believers who are left behind holding big bags, and trying to find solutions for problems not created by them. So everyone around you now are ALL believers to some degree. Nevertheless, I think we have passed the point of "waiting", at this point it's clear or should be clear that the present leadership is unable to do what is necessary to increase EMC2's market value for the immediate future (days to weeks). It's time to start thinking like one of the new leaders -- what would you do if you were placed at the helm of the EMC2 ship? If that's too much, what is it that you feel EMC2 should do, or happen within the EMC2 community, to result in a real upswing in EMC2 market value? JUST STAY CALM AND BUY AND HOLD
well beyond that state this is an emergency situation that requires life saving actions |
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djnocide said: "Too bad i don't have 3 BTC because i'd do it."
ok, let's say you did it, what's your next step?
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im gonna buy back into emc2 around 50 sats because unfortunately it probably will be there soon...
This thread lately just has bad vibes
That is exactly my intention....Millions Although I didn't put pen to paper on this (just eyeballed), it looks like at Cryptsy for only a single btc you could buy every EMC2 coin they have listed -- you would avg less than 50 sat! Anyone adventurous enough to use approx 3 BTC to buy out all exchanges listed EMC2? |
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be smart guys dont sell this cheap every coin has its ups and downs
EMC2 was doing a great 'up and down' performance until it went down, down, down, and down some more. As some point you have to cut your losses and look for a CC able to perform. There are 5 exchanges selling a combined total of 4 btc on avg a day, that's ridiculous. If it wasn't for the bots at Cryptsy you could fall asleep waiting for a trade. Instead of multiple trades a second, trades are executing upwards of 20 second apart. I saw EMC2 for 118 up to 142 depending on the exchange. If there was only a single exchange there would be concentrated competition, more activity, higher prices, and a more stable market. |
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I notice that many of the alts are experiencing profitable fad fame -- roman candle like excitement, what is the Alt Of The Day?
I'll start it off:
Darkcoin is doing a bang up job, for the past 24 hrs its been a rocket ship, and still has some lift in her
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ahumanbeingx, mark this point on the EMC2 chart you have initiated a new beginning, your last 4 posts provide a level of openness that serves to stabilize EMC2.
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Just to answer a few questions before rumors get out of hand.#1. No, the coin count is not changing. If the community and new development team decide that it should change for some reason, I will let you all know first. #2. Yes, there will be new updates as soon as we get a grip on the new changes of direction (still solidifying). #3. We NEED a new coin developer and we are willing to give a large bounty to anyone willing to take on the role. I'm personally not wealthy by any means so I can't offer monetary compensation right now. The dev should be ethical and willing to build the coin in the name of helping science while simultaneously improving coin price through reasonable support of the coin itself. #4. My personal role in marketing and promoting the coin has taken a backseat until we can guarantee that we can follow through with our plans with new development and direction. I don't want to push something that is in bad shape and I would rather give you guys the good news when we start to make the turn around. #5. There is no possible way we can discuss all the changes and ideas we are formulating behind the scenes out in a public forum, I just want you guys to know we are not dormant. Once there is solid news that's when transparency will be given. We do have plans, but until we know they can be executed without fail I will not leak or hype potential changes. Transparency = What we have done and what we will do. If we don't know the exact course (lack of dev) I feel it would be a disservice to talk about potential new algorithms, wallet updates, and codebase changes. I will give the word to you guys as soon as the pieces fall into place. I'm sorry, but we do not have public meetings on public forums. That being said, we do meet up daily in our instant private chat to talk about issues raised here and possible new direction. #6. If you have a question, please direct it toward me and I will go to the team and give you the full answer. #7. Those who have pointed out the fundamental flaws in the coin concept are generally right. You are not being ignored. Promotion will kick up drastically after the pieces begin to be put together. We will be looking to give bounty rewards to new members willing to help the team. Honestly, to promote the coin in its current state would not be very wise until our new website is online and we get a new dev on-board. I really want to give you all some positive news. Also, I personally have plans to resurrect EMC2 in a big way. If this new plan is confirmed by the team (with dev backing) I will be the first to bring my concept to everyone's attention. Einsteinium is not dead, it's being rebuilt now in a stronger and better way. I promise to be here more frequently to answer your questions and concerns. You can contact me directly here on bitcointalk, in our IRC channel, through email, or even Skype. Thank you for your time. IRC: https://kiwiirc.com/client/irc.kiwiirc.com/?nick=Einstein|?#einsteiniumfoundationEmail: ryan@einsteinium.orgSkype: ryanwrights - Ryan Wright That's a good start, the first step is often difficult. Among all of the things I have shared with you for getting EMC2 on a more responsible track paring down the exchange list is perhaps the most effective at this point. EMC2 must be be a scarce resource in high demand, not hard to find or hard to get, but not diluted or "cheaply" had. EMC2 is on too many exchanges, at this point and for the past 3 weeks it was only performing at the level for a single mid-level exchange. If EMC2 is properly paired with the right exchange it is able to mature an investor base, and grow responsibly. I believe EMC2 has the most history with Polonex, so for that reason and that reason alone should it be given any further consideration. Polonex is a good exchange however I believe EMC2 has outgrown its utility (even at present state). Cryptsy is too large for EMC2 its one-stop-shop for all CC is not a good fit for EMC2. Mintpal is a good fit for EMC2 for a number of reason, many of which I have mentioned in previous messages. EMC2 avgs 2btc per exchange per day, that is disgraceful, nevertheless if 1 of the 3, 4, or 5 exchanges currently trading EMC2 was the ONLY exchange trading it the actual market stands a very good chance of being far more productive and profitable. I've mentioned this strategy 3 times thus far, yet far too many are under the misconception that more exchanges necessarily results in higher market value. The fact of the matter is the more active a CC is the greater the positive influence on that CC's market value. If a market looks slow, lethargic, or boring it will lose viewer attention quickly; whereas if a market is fast, energetic, and exciting it will hold viewer's attention often much longer than planned. Here is an opportunity for you to hold a true PUBLIC discussion on a real issue. No need for back office discussions for subsequent front office briefings. Create the motion, discuss it, vote on it, act on it; everyone in the community has the opportunity to be properly informed and responsibly involved. Such democracy is less stressful during the hard times, and more enjoyably during the good times -- try it. |
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It seems clear to me that the core EMC2 team members/creators are from an academic background, they know nothing about promoting a coin on the internet and have done a poor job on this side since the beginning as we can all see.
The only thing EMC2 have done on this side is a low quality press release which they actually thought would drive the price up (you can see this a few pages back. note to team: a waste of money).
I think we are all missing the key point here. EMC2 is officially a non-profit organisation. It was a coin intended to be adopted by the wider community, the foundation setup the base and that's all they needed to do. They all have full time jobs so we can't blame them too much for the lack of updates.
I have faith in EMC2 and know the price will rebound, just look how much work has been put into it. Forget all the petty gossip in the previous posts. The development of the coin speaks for itself.
I can openly say I don't like how the EMC2 team have handled things recently, but their greater purpose makes me want to continue supporting this coin - even if some members of the core team are stubborn know-it-alls (aka academics) - this can be forgiven.
It's time to build the community. And if I have it my way, it won't have any of the core team members. Bob, you are more than welcome - I think I can see where you have been coming from in posting this publicly to kick other team members asses into gear (even though since your posts the price has fallen x10... this is to be expected, the market is too weak due to lack of market activity promotions).
If any investors/community members would like to help EMC2 go down in history, reach out to me via PM.
Only contact me if you are dedicated. We can shoot some ideas around and make history.
It's time to take this coin into the community and away from the poorly organised team (full time jobs, fair enough - but not really a good enough excuse).
Only a fool or a god forgives an offender while still being attacked. Can someone set this straight, who is Dennis Brause? Is he the one responsible for development on the coin? Do we only have 1 developer (on the core infrastructure behind EMC2?) Who is in the team now? Bob said the homepage team is invalid, is the team at the start of this thread also invalid? From the Foundation Staff list, everyone's role seems a bit of a joke. Christine Paluch – Scientific Liaison ( christine@einsteinium.org) David Black - Chief of Public Relations ( david@einsteinium.org) Dennis Brause – IT-Infrastructure Eduard Milea - Lead Web Developer. Ryan Wright - Marketing and Communications ( ryan@einsteinium.org) I'll take a leaf out of Bobs book and dissect each role, being harshly honest. Scientific Liaison? Sending a few emails to give the project money? Seems a little silly. Marketing and Communications? Nothing I've seen. Chief of Public Relations? Doing a poor job here. Lead Web Developer? Good, but as bob said no updates in months Obviously each member has done more than their role title, but the titles seem a bit stupid if no one is doing their job correctly. Set rules and throw people out who are inactive for 1+week and get someone new in. So much potential.... actually it is very likely you have seen "Ryan Wright - Marketing and Communications ( ryan@einsteinium.org)" work numerous times, with and without identification. |
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bob... you are a classic example of an irrational investor..
obviously you are entitled to speak your mind, but it seems like you don't even realize the negative the effect that your comments are having on your own investment.
whether you like to admit it or not, you are an insider and a large investor and that carries a significant amount of weight and responsibility within the community.
You may think that you are just trying to save the furniture but in the meantime you have set fire to the house.
if not for everyone else's sake then for the sake of your own investment please take your very public spat offline and direct it to those who need to hear it privately.
you aren't doing anyone any good by trying to force change through airing dirty laundry.
Your Sincerely...
Alphi, Some guy who invested in this coin.
I can't agree more, very wise words, mdtspain, another guy who invested in this coin. Hold the fort! How many times does one need to have the 'private' discussions before they qualify for public airing? How many quiet questions of concern must be expressed by various individuals, regardless of coin holding size, before the matters of concern are addressed? How many different people must be be verbally assaulted by the EMC2-can-do-no-wrong bandwagon before the bandwagon charts a new course? The fact of the matter is, when things started to go in the wrong direction people quietly said:'ah, I don't think you should do that', the response was 'we got this don't worry'. When things went further in the wrong direction, people spoke up about it, the common response was: "don't worry we're addressing that" When things got ugly, the cheerleaders told us the 'low prices were good, we should view it as an opportunity to buy more, have faith, and believe in the vision', and now that EMC2 is barely breathing you are asking for decorum and private hashing? Rubbish! EMC2 has indicated on numerous occasions the notion of complete transparency. I contend that if there was full transparency before the crash, NOTHING said now by anyone would be a surprise or negatively effective. It is highly probably that EMC2 will have traveled from 900 to 90 sat in just 5 weeks, why in the world do you want that swept under the rug? How in the world do you not see that as mismanagement? If it went the other way around you would be justified in praising management, even though you knew in the back of your head it was a bubble. Instead of leadership pulling the EMC2 reigns in a better direction they're asking for bigger blinders; what a shame. Do you STILL think 100+ EMC2 is a good thing? Do you want a higher value for EMC2? Do you realize that it is more likely that EMC2 will hit 50 sat before 600 sat if nothing substantive is done? |
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EMC2, like all CCs is fundamentally rooted on science, the evidence being: the satashi paper, the algorithm, and the block chain; furthermore, it is also supported by science, the evidence being: the miner's taxing scheme, the wormhole, and the actual donation to scientific advancement.
Although the science of literally creating money from nothing is open source and available to copy it isn't the science end of it that has the critical problems, it's the nonscience (nonsense) side of it with the overwhelming majority of problems, the side fraught with scams, wholesale theft, and hype.
As for EMC2, before launch faith and hope was essentially all there was, after launch the two gave way to actual performance, as the performance record compiled the CC's character formed creating for it a level of cryptocurrency community trust (based on track record). When performance dropped it wasn't because of any of the science, or even the standing plan, it was the arbitrary execution of the plan, the overmilking of the cash-cow, the cold shoulder given to miners seeking to improve, the lack of actual transparency, the failure of the magic memo to revitalize market value, and the last straw was the 'long-term focus' BS.
The problem was with the nonscience side of things -- the science proves that too.
wow you really do live in a bubble don't you... firstly:...the satoshi whitepaper is not a peer reviewed scientific document it is a theoretical white paper written by one or a group of interested parties. Theory may be the basis for scientific experimentation in some cases but theory itself is not science, its theory. secondly: the crypto economy was not founded by OR developed by scientists, it was a grass roots movement built on ideology (beliefs) and economic theory and to some degree it is still very much influenced by ideology. thirdly: the fact that a bunch of scientific wanna-be do gooders built their entire business funding model on this so called "science" and it is not working very well is clear evidence that it is not in fact a scientific experiment but nothing more than a social experiment. forthly: just because something Funds scientific research does not make it fundamentally science based.. if that were the case then all governments in the world would be rooted in science (instead of just plain rooted) because they are the some of biggest organizations that fund scientific research. fifthly: taxation is scientific evidence? that's news to me...  you may choose to believe that just because something has big words like wormholes and epochs which are used completely out of context that it has something to do with science but in reality it is nothing more than creative marketing and the colorful application of "science fiction". you may be emotional and you may have some good points about what should be done to improve the situation but the mere fact that you are not able to step back and look at things objectively proves that you are not looking at it from a "scientific" perspective. so please stop trying to make this an argument about Science vs so called "NonScience" because if it was then you wouldn't even be here making silly irrational comments. You would have simply accepted the results and then moved on to the next experiment. Markets are all about confidence and human emotion they are all about putting a bunch of the most irrational people together and hoping that they can somehow divine the true value of something.. Science is about producing predictable, quantifiable and repeatable results. Crypto currency, on the other hand, is not.. its about making money and/or furthering an ideological agenda.personally I like the idea of harnessing the power of irrational and greedy human beings for the sake of funding projects that further human development. that is why I still own some EMC2.. but I don't for one second pretend to myself that every coin I buy is based on a purely rational, logical and cold calculated formula... Clearly your narrow view of what science is is facilitating your prejudicial perspective. If cryptocurrency is not based on science what is it based on ART? Ideology and belief are NOT foundational they are simply inspirational they only serve to motivate. The SCIENCE is the part that is sound and able to be duplicated; it also is the part that serves as the foundational structure to build on. The Satoshi paper was, and continues to be, peer reviewed, was publish and is constantly republished, and graduated from theoretical to practical. Moreover it was reproduced numerous time in various ways EMC2 is one such way. Just because the "social experiment" side of EMC2 failed has nothing to do with the science of EMC2 as a CC, the intent of the program, or the actual donations provided to scientific endeavors. As I have indicated earlier EMC2's failure is primarily due to the overmilking of the cash-cow as well as the overhyped marketing; neither of which as anything to do with the science sides of the coin. Just because they screwed up in execution doesn't mean they had a bad plan. The plan and the coin are viable both simply need help. |
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The golden rule of investing is to buy low and sell high, right?
Well my question is: is 'buy low and sell high' rule the same as 'sell high and buy low'?
Here's the situation, I mistakenly sold some alt coin when I wanted to buy it, being pissed by the event I decided to buy it back at a rate that would appear to profit had I purchased it at a lower rate, ie: instead of buy 10 sell 11; I sold 11 then bought 10.
Is there a tactical name for this type of transaction? Are all things the same, is there a down side? My alt coin balance was the same but I could not make a determination on the btc balance because there were too many changes.
Is this some type of self-granting put/call option or something? Clearly, I'm confused and in need of clarity.
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"FAITH"? EMC2 is fundamentally rooted and supported by pure science, as such there is no need for "faith".
maybe you're ideals are such, but einsteinium is neither fundamentally rooted in nor supported by pure science. All economic and financial systems (such as EMC2) are fundamentally "rooted in" and "supported by" very irrational and sometimes greedy human beings. therefore, as with any other financial system such as the USD or Bitcoin, a great deal of Faith, Hope and Trust most certainly are needed. with EMC2 you need to have Faith in the Cryptography and Community, you need to have Hope that the economy grows and you need to Trust that the coins you own are actually redeemable for something. EMC2, like all CCs is fundamentally rooted on science, the evidence being: the satashi paper, the algorithm, and the block chain; furthermore, it is also supported by science, the evidence being: the miner's taxing scheme, the wormhole, and the actual donation to scientific advancement. Although the science of literally creating money from nothing is open source and available to copy it isn't the science end of it that has the critical problems, it's the nonscience (nonsense) side of it with the overwhelming majority of problems, the side fraught with scams, wholesale theft, and hype. As for EMC2, before launch faith and hope was essentially all there was, after launch the two gave way to actual performance, as the performance record compiled the CC's character formed creating for it a level of cryptocurrency community trust (based on track record). When performance dropped it wasn't because of any of the science, or even the standing plan, it was the arbitrary execution of the plan, the overmilking of the cash-cow, the cold shoulder given to miners seeking to improve, the lack of actual transparency, the failure of the magic memo to revitalize market value, and the last straw was the 'long-term focus' BS. The problem was with the nonscience side of things -- the science proves that too. |
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hope it picks back up. have faith in this one!!  "FAITH"? EMC2 is fundamentally rooted and supported by pure science, as such there is no need for "faith". The simple unequivocal fact is, you have well documented proof of nonperformance, at this point the EMC2 plan has failed to produce expected results. A true believer can pray to a higher power for a miraculous recovery, or accept the facts as provided ... the current plan failed, the market value is empirical evidence of that fact. It is best that the current cadre of EMC2 disciples acknowledge and accept the evidence responsibly. To grow from the current failure EMC2 (everyone in general, leadership most particularly) should conduct itself more 'ethically': true operational transparency, removal of hype-driven market values, addition of consensus valuation, pay awards only in EMC2 (no other currency), limit award to planned gift level (no additional fundraising), and acknowledge the fiduciary responsibility to EMC2 investors. |
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The foundation is still stable at its core and we are restructuring the team / coin concepts. A more official statement will come very soon when we get everything finalized. There is a lot happening behind the scenes and we will bring all of the details out in the open as soon as possible. Full transparency, ALWAYS.We aren't quitting and the coin isn't 'dead', just a few bad seeds and money players who never understood the greater goals of the foundation. Remember, what doesn't kill you only makes you stronger. The fallout will help us reach our goals faster now. If you know any ethical developers who want to be part of a new idea, please let me know asap. We love and appreciate all of our true supporters. Please contact me with developer contact information, innovative ideas, suggestions, or just to let me know where you stand! ryan@einsteinium.orgThere are no "behind the scenes" when there is "full transparency". At some point it has got to dawn on you that short term prices count, at some point you've got to know that the hype window is getting smaller and smaller with each new coin, at some point you must realize a coin performance plan is necessary ... If the NPO cared as much about the cow, as they do for the milk, the cow could produce more, If the NPO focused more on 'profit for purpose', instead of 'purpose over profit' there would be no conflicting interests, If the NPO knew just how tiny and fragile the CC universe is they would find ways to say 'yes' instead of constantly reaching for the easy 'no'. There is no long-term plans without a plan for short-term profits --regard it, respect it, and remember it. |
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To all who want to buy just keep on buying, and to all who want to sell just keep on selling, this is the way the system works.
If so many people wasn't trying to sell at the same time the price would be much higher. All it takes for a coin's price to go up is more buyers than sellers -- it's not about the NPO, it's not about any particular project, and it certainly not about how much you pump it.
Those who like the coin could like it with or without pockets full of it. The simple and ongoing fact is the coin is NOT performing -- the price should reflect that, hype should NOT be the primary mover for ANY coin, much less for a coin whose business plan depends on the coin's value.
When Bob's Surplus said he would be happy to buy EMC2 at 100+ sat and would feel like he was winning lotto, the presumption was that the value would rise from there, although as you know it could continue to dive. Ironically It was probably the first sign of 100+ sat that motivated bob to sell not buy.
Those of you who have purchased gobs of EMC2 I sincerely hope you have a plan for it beyond your ability to pump it.
Finding and keeping 'believers' in the CC industry is very, very, difficult mainly because there are so many coins to choose from, even BTC would barely survive if it started in this climate. CCs must attract and deliver performance daily, not in some fantasy-future it's not likely to see, but NOW.
Yesterday's riot is over, the damage is done, take the time to heal but know that unless something substantive is done it could get worse, much, much worse.
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If you sell legit real physical cards you can contact our main contact website 4saleusa.com we buy all psn, itunes, xbox, vudu cards only.
Your site appears to only sell cards (nice prices) not for buying or trading. If you are not the buyer simply have the buyer contact me. If you want the physical cards you will be paying for shipping, handing, and insurance. |
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Hey guys We have just finished developing fully customizable and installation-friendly price and calculator widgets. You can display and convert EMC2 against any crypto / fiat on your webste Check it out https://www.cryptonator.com/widgetgood work I tried to use it a number of times in different ways, it needs more work. the setting adjustments aren't necessary Here's an example of something rather simple that was not obvious to do with your calculator: 1 BTC Sat (0.00000001) is equal to how many Lite Sat? |
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WOWWWW. emc2 just come to 300 sat again at mintpal, buy wall at 300 sat emc2, pump begin soon.
EMC2 , I LOVE THIS COIN.
hahahahaaa had to quote this, clearly this guy is BOTH HAPPY AND SURPRISE to see 300 sat for EMC2; that's a huge indication of how dejected he was at the protracted low prices. |
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