Looks like someone has been quietly accumulating EMC2 to the tune of 3.5 million.   


-tb-

Cobra...
You are pretty close to understanding what we are about, and that is appreciated, because it shows the community who developed interest did so with a clear understanding of our approach. I should note, some of the things traditional cryptocurrencies do, we also want to do. We are trying to get some vendors in line, specifically those with a science focus.

We are under the framework of an ethical coin. We are mission focused, and with that part of our mission is being part of the alternative funding framework for science.  We are trying to provide some real world benefit, and in many ways help improve the image of CC and introduce people new to the concept. This is not easy work in many ways.

I will be the first to say, this coin is not for everybody. Nonprofit activities which are directly related to the stated purpose of the project are not for everybody, nor are ethical currencies in general, the intended purpose is to build a community around the coin and the goals of the foundation. Ultimately, this is where the concept is different, both we are trying to building a community around that purpose, but also trying to create value around such community and purpose. Much of what needs to be done around this takes time, and works in real world times not in a rapid time warp. This is a somewhat novel concept itself, but also takes on traditional aspects which require work.  Building a community can take months, getting everything in place for a nonprofit, takes time, development takes time, negotiating with potential partners...takes time.

Right now there is a great many people chasing the latest scam in terms of short term profits and rapid evaluations, often on hefty pre-mines and questionable IPOs, and a general lack of transparency. Even in the speculative world of CC, right now the market is behaving very irrationally, and short term, often with no real identifiable benefit. We have no intention of following that if all it offers is short term gains for some, and a distraction from our actual goals and mission of the organization and building it. The purpose of being an ethical currency is to provide a different framework of working seperate from this insanity, and to provide some effort to achieve identifiable goals related to the stated purpose. The reality is us, like other ethical coins, is to provide some alternative to the irrational insanity that has come to define much of the market. Those who understand what we are doing see the value in this.

http://www.cra-arc.gc.ca/ebci/haip/srch/basicsearchresult-eng.action?k=Einsteinium+Foundation&s=+&p=1&b=tru

?

So, when the press will be ready for release?