Last week we a rise in the value of EMC2 going from 80 to 175 sats on poloniex and from 79 to 195sats on cryptsy. Even if we like to see those kind of rise, we have to be really careful as a community to not be overwhelm by the situation. When a price rise too fast, it always tend to drop after some times to stabilize. What we are seeing today, is the fall after the pike we saw. The management board always keep an eye on the value of the coins, we work hard to bring this coin back to its former glory. From my personal view, i don't think we were victims of a PnD but rather a dump after we saw the coin stabilizing itself at 130 sats. There's 2 options for this dump: 1- Someone with a lot of coins wanted to get out of EMC2 or needed BTCs 2- Someone tried to hurt the community/value by dumping coins on the market Close to 3 millions coins were sold on the markets to create this drop in price. I'll let you create your own opinion on the event. Let's use this as a warning for future rise in price (which will happen). We are working hard to help this coin/community and we welcome anyone interested in helping us (with ideas, skills or times). Djnocide, member of the Einsteinium management board Shakedown happened by the looks of things .. had orders as low as 70 filled and I know why ... BTC raced $50 today and folks are rushing to sell before the inevitable dump to $400.
really good point, let see if the price rise after BTC drop, if it does. edit: In less than 30 min the coin went from 70 to 100 sats. Don't act on panic. what you see is simply what happens when BTC rises. Yiu can probably notice at least 80% of alts dropped at least 10% today. People sell to btc to cash in on the btc rise. Fortunately, as it always happened in the past when btc spikes, alts usually spike a little while later. |
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Here is the source code for the web 2.0 wallet. Let me know if you guys want any other web services added and I can help out. I still love and support this coin and would like to help where I can. Viva la Einsteinium! Source Code: http://www.mediafire.com/download/dn11iaf50dsnlk6/src.zipThis wallet is so cool! I'm so full of the joy! Squeee! This was the best wallet I could find even it worked. This is like the only development this coin has had in moths and its from a guy that left. WTF? That wallet took months to reach an unfinished stage in a time that emc2 was doing very well. The person who published it isn't a developer either. |
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I don't really get what you disagree with. Thebway ryan posted the wallet could have easily been mistaken for an official release. It is very unorthodox to release a wallet that way. Without official endorsement, for all you know, the wallet could also have a Trojan.
it could be a trojan even if it was released by the new einsteinium foundation too that is my point.. trust and respect are earnt over time not proclaimed. ahumanbeingx has been around for longer and did hand over control willingly to the new team so to suggest that he is less trustworthy or trying to mislead people into downloading trojans without evidence is just being petty IMO. its the divisive tone of the posts which concern me.. this coin and community is small enough as it is without people going on some kind of power struggle trying to break it up even further by casting aspersions on to people from the previous management team. if someone has done something wrong then fine call it for what it is. if the software doesn't work properly then fine say so.. if it hasn't been tested then fine say that too.. but hitting people over the head for not dotting their I's and crossing their T's when they appear to be trying to help out is a bit excessive is it not? i have heard this several times that ahumanbeingx has been misleading about one thing or another.. is there any evidence for all these claims or are they simply excuses for why things haven't been done? It appears that someone has just released and updated version of some new software.. wouldn't it be more constructive to organise people to evaluate and test it to see if it benefits the community rather than to make it sound like the software should not be trusted? after all the source code was provided so people can see if it has any trojans or back doors built in. the reason I'm asking is because I want to make software for einsteinium too but I don't want to be accused of being misleading just because I didn't seek official approval from the self appointed governing body. Leave it already. It was the right thing to do to advice that it was not endorsed by the official "governing body". Anything that can clear up possible confusion shouldn't be frowned upon. Also, the exact suggestion you make is exactly what happened. It should be tested first? In the posts you try to argue agaisnt, it is stated that it was tested and deemed unfit. Which is also a decent piece of information that was transmitted to us. And the fact A source was released does not guarantee the binary isn't infected. Call me crazy, but I'd rather get my software through what stands as the official route. You seem to have a problem with what is considered official at this point, but you try to bash it both ways. " why trust them" and then "its wrong that you send a trusted warning". |
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Dear Einsteinium Community,
Yes we are aware that ahumanbeingx introduced a new wallet and that it appears to represent official capacity. No, it is not authorized, no, it is not officially recognized, and no, we do not know why he would misrepresent the wallet in that way.
For clarification, the Einsteinium.org domain is not owned or controlled by the Einsteinium Foundation it is privately owned. The Einsteinium Foundation has officially treated the domain and site with the utmost respect by recognizing it as Einsteinium's official domain, however it broke common protocol by hosting ahumanbeingx's unauthorized material.
Although ahumanbeingx has the right to submit any wallet he wishes directly to the EMC2 community, it breaks common protocol to do so. Furthermore, to do the release in such a way as to give the appearance of official capacity where there was none is very disturbing.
Should you choose to use the "Einsteinium wallet" put before you by ahumanbeingx it is with the full knowledge that it is unofficial, unauthorized, and delivered with misrepresented capacity.
what is this drivel? nobody needs official sanction from the einsteinium foundation to release their own software for the network. crypto coin networks run solely on the distributed consensus model not by some quasi authoritarian dictatorship. people do use and will continue to use whatever wallet software they want for whatever coin.. and it is the majority dictates which way the network will go. with that in mind.. I really don't see the point of the above post. A month ago we did a review of the wallet ahumanbeingx released as a gift to the community. The review stated that the wallet wasn't finished and couldn't be used as an official wallet backed by the Foundation. What was done is that i asked ahumanbeingx to provide the source code so members could finish and improve the wallet. The statement only tells the community that we are not responsible of this wallet. The Foundation and community shouldn't be represented by an unfinished product. then that's what should have been said... the software has not been tested and use at your own risk... there was no need to try and make it seem like ahumanbeingx had no right to make software available to the community. I don't really get what you disagree with. Thebway ryan posted the wallet could have easily been mistaken for an official release. It is very unorthodox to release a wallet that way. Without official endorsement, for all you know, the wallet could also have a Trojan. |
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Just so you guys know, bobsurplus does NOT have 6million emc2. He has around 1million.....
..... Unless he decided to buy 500% than what he had when he started yelling sinking ship.
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We need confirmation that major exchanges are on this before we can safely update to the new fork or otherwise it will be useless.
Also imho reducing block reward or even going full PoS will not help unless there is some serious development backing this, this had been seen times and again in cryptoland.
Those decisions were taken a while ago and the pros and con's have already been weighted. We've just been waiting to see it implemented. Questioning it at this stage is pointless and should be tried rather than assuming doing nothing is better. A couple pages back, you'll see all the discussion about it, with both sides weighted in. |
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In the last vote, we decided EMC2 will be changed to POS, I want to know now what is progress?
If you can not change the POS as soon as possible, so now the price is likely to be downward. Afeizhai, thanks for your message and concern. EMC2 is operating with new management, we are reviewing everything and budgeting accordingly. Any major upgrades that have not been implemented are either paused (ie: POS conversion), or under review for functionality (ie: new wallet). There are three ways POS will be implemented: 1) it is included into the budget, 2) a benefactor (such as yourself) provides the funding to pay for the project, or 3) a developer performs the job free. Our new budget has not yet begun to form, when that takes place we will take a responsible look at when we can implement the POS conversion. Given our week long tenure, our current priorities, and the absence of a budget, the POS conversion will not occur anytime soon. If a developer is willing to do the job free, they could start immediately. If a benefactor is willing to fund the project we will create a job listing to find a contractor for the job, once we have a suitable candidate s/he will start immediately after contract. EMC2 will need at least 10 BTC for start. Believe me, it is very hard (nearly impossible) to find coders which will support it for free (or for EMC2 coins). The thing is, you probably don't even want a coder that won't work for the currency it codes for. For the same reasonnCEOs are paid in shares and not salary. |
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I'm happy with the reorganization and takeover, but let me try to help with insight/idea now.
The way I see it, we're still missing an important part for the team. A Dev. And apparently that's a very difficult spot to fill. So bouncing back on previous idea, should we consider becoming the baby child of another successful coin? I'm sure there's at least one of the big coins would be interested in having what emc2 stands for and its donation model under its belt. That would also at least ensure having one developer at least half dedicated to the coin.
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I have been hearing rumours that work is happening behind the scenes, and that some of the devs from other coins are working on this coin, can anyone elaborate?  ryan, the apparent leader of this coin logs on several times a day without posting. After also apparently investing more of his own money that he originally asked the crown to fund to an apparently unknown developer. 2 weeks is a fairly long time without news. |
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What makes me really giggle is.... Asked for 3btc last month.... He just said he funded it. Now look.... Mmmm good thing we didn't go for funding it huh?
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Coin is frozen on Poloniex. Not sure why.
Edit: Also appears to be delisted from Bittrex. Still on Mintpal for 9 Satoshi.
Well, the coin just attempted a fork then Dev goes MIA. Not sure I would keep it listed either. |
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Kinda been a little more than a week since that mysterious new Dev should have reported to base "very soon,".
Not the impatient type but its been a while.
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If anyone here needs some help with their altcoin trading, you can check out the link in my signature, it's a program that may appeal to a few of you.
Good luck fellow einsteinimites!
lol, quite happy you left EMC2. Garbage out. |
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Buying 500k at 30 satoshi if someone doesn't wanna touch the market too much
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Well, that's more like it, thanks for your personal investment. It brings 2things.1. The fund needed, and 2 confidence that there is some work being done.
I think it is a shame that those people who were pushing for PoS were unwilling to donate to make it happen. it really goes to show how self serving their agenda really is. I would have more confidence in the coin if people who were pushing their own agenda would actually put their money where their mouth is. one person making a sacrifice is great.. but one person cannot revive this coin by himself. I explained in a fairly comprehensive way in a post why "donating to the cause" was very unlikely to happen. It isn't so much as people are than because at the current market cap and loses incurred, reinvesting that amount wasn't relatively sensible. That post is probably pretty easy to find in the last page, if you don't really agree, well we really don't have the same point of view on investment. |
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I can't say EMC2 is officialy dead. near a coma, right now but if ryan agree to build a team to put emc2 on track. It will only be known as a hard time we were able to go through in the life of EMC2.
Those that doesn't believe in emc2 anymore, you have the right to do everything you want with you coins. For those that still believe something great can be achieved, let's do it.
ANNOUNCEMENT:Desperate times call for desperate measures... so no more waiting!In light of recent events and market price, I've decided to use my personal money to fund development of a swift transfer to PoS for EMC2. I was paid yesterday from my personal job and my bills are paid / food is in the fridge. I'm willing to make the sacrifice for those investors who believe in our goals and what we are going to achieve. I'll be sending RelativeSource his payment of 1.5 BTC and our switch to PoS should not take longer than 7 days. The website will be back online soon along with a brand new server.
The block explorer / rich list will come along with the new website server as well.
RelativeSource is ready to begin programming immediately and will be here to answer any questions for you guys.
Also, we'll be working on a new system of PoS that will help gather coins for science and show the total transparently in the wallet. We'll also have in-wallet market prices, PoS info, Chat, new design, and a tutorial on how to transfer your coins to the new blockchain. Please let me know if you have any questions. Well, that's more like it, thanks for your personal investment. It brings 2things.1. The fund needed, and 2 confidence that there is some work being done. |
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To further add on my post, because I feel I threw an alternative that wouldn't be realizable. I'm currently one of the top 3 holders of emc2, if I were to make a sizable donation based on what I own, it would still be quite a bit less than the amount needed. So, at the current market value, it's a great amount to raise, what I own right now used to be worth about 20k, I think everyone here is in a similar boat, further investment from current holders has incentive, but at another risk for a more than comfortable chuck of what their investment is currently worth. It's not that 3btc is a big fee, it's just a fee the community isn't really able to absorb at the current market value.
So here's my suggestion. Why not make the new Dev the recipient of the next (or 2) wormholes? It gives him incentive to do a good job, it potentially gives him more money than the flat 3btc fee, and it's actually realizable. And it also goes towards "helping science" if it's funding a system TO fun science.
The reason we chose BTC instead of a EMC2 donation is because of current market value. The developer needs money right now in order to pay for the time it will take to begin to implement the changes. Upon payment receipt, it will be the his decision to buy back into the coin while prices are still cheap. Otherwise, the rest he can cash out to pay his bills. If we pay him 3btc in EMC2 directly, it would take a sizable portion from myself or from holders and it's just not a very reasonable decision at current market rates. It's not only not a reasonable decision for you OR anyone else at current market rate. You have to ask yourself, why would someone take a risk and pay BTC to make their past investment worth a little more when they've already lost so much. It's 1 thing to Baghold until now, it's another thing to Baghold until now AND further pay. Besides, I'm not sure emc2 community currently has the confidence to send 3btc blindly. I'm not coming at you or anything, but things went sideways here, some things were planned and never ended happening and you were recently associated with a potential scam (like I said, I'm not coming at you, I think I actually like you). But I'm stating the current facts. 3btc collected just isn't happening. It has nothing to do with how strong this community is or not, this community just isn't in a state where it can do that. Your most loyal community members and biggest pockets already your post, I think it has been established that for no one thinks it's worth the risk / reward. So used your time wisely and don't waste it waiting on that 3btc filled and come up with another proposition. Maybe try to make my suggestion or something of the sort work out, or come up with something entirely different, or a Dev that would accept such a position without cash up front. And beyond the scope of the rest of my post, usually someone gets paid after the work is done, I'm not exactly sure why we're hanged by the balls and that it should be any different especially in a bitcoin world known for scams and jobs unfinished. |
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To further add on my post, because I feel I threw an alternative that wouldn't be realizable. I'm currently one of the top 3 holders of emc2, if I were to make a sizable donation based on what I own, it would still be quite a bit less than the amount needed. So, at the current market value, it's a great amount to raise, what I own right now used to be worth about 20k, I think everyone here is in a similar boat, further investment from current holders has incentive, but at another risk for a more than comfortable chuck of what their investment is currently worth. It's not that 3btc is a big fee, it's just a fee the community isn't really able to absorb at the current market value.
So here's my suggestion. Why not make the new Dev the recipient of the next (or 2) wormholes? It gives him incentive to do a good job, it potentially gives him more money than the flat 3btc fee, and it's actually realizable. And it also goes towards "helping science" if it's funding a system TO fun science.
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I have one little restrain about paying.
It's the fact it would be paid in BTC. I understand why it's paid in BTC, but would like to see the good side of paying in emc2 take over. Paying a developer in your own currency gives incentive for a job well done. That payment can end up being worth much more. Of course it could just be reinvested in it instead, but raising 3btc from community alone at this point will be a hard feat.
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