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. I agree that the community is not really where it should be for us to collect the money. Not only that, but forking a coin a changing its fundamentals usually kills it all together. The switch to PoS will not increase our value. It's taken me a bit of humility and learning, but I've come to decide that we need to change direction with this coin. What we really need is a new system for donating to science. Switching algo may be something that can come a little down the line, but at our current state it may be best to refocus on what we are really supposed to be doing with EMC2. My goal now is for Einsteinium is to create a website much like Kickstarter or Experiment.com specifically geared for funding science projects with crypto. People will be able to create projects and receive votes / funding directly in EMC2. Above that, it's time that we rebuild our coin team from the ground up. I will update very soon. |
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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. |
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*UPDATE*
Hey guys, I just got back from a business trip to San Fran. Reporting for action. Since the announcement, I've been speaking with some big developers in the crypto space in regards to some coin upgrades. The general consensus is that it's going to be hard and it may cost some money for the developers time and skills. With that in mind, I went on a search for the best possible developer for the job. I found 'RelativeSource' who is an extremely competent and experienced coin developer and he is up for the task. Not only that, but he is going to officially join the team as a secondary developer while offering support here on the forums. The only caveat to bringing 'relative' on-board is that he is going to need some initial funding for his time. Once funding is out of the way, RS will be officially brought on the transfer to PoS will begin immediately. Help crowd fund our transfer to PoS with Bitcoin:The cost of bringing 'RelativeSource' on-board and beginning immediate updates to the wallet + PoS transfer is going to be 3 BTC. This fee will cover the following: - Bring 'RelativeSouce' on the team as an experienced coin developer. He will be available for support and questions indefinitely.
- Develop a pure PoS wallet with silk-like GUI and functionality starting immediately.
- 1:1 exchanging of coins while protecting the new PoS blockchain.
- Create, setup and maintain the masternode.
- Servers for hosting nodes.
Einsteinium (EMC2) Crowd Funding Bitcoin Wallet: 1BC7wLcJomTPSNqQM9emiKf9mhf5Le5jJ2Goal: 3 BTC
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Is this still alive?
Posted From bitcointalk.org Android App
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I just want to let you guys know that I have been speaking with several developers about the best way to transfer EMC2 into PoS. There is quite a bit of work to do but nothing is impossible. A detailed plan of attack will be released along with exact PoS specs very soon. Remember, the more EMC2 you hold - the more you stake when PoS is introduced within the next 10 days or so.
EMC2 is evolving now so I hope you guys are strapped in for the ride.
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I've addressed several concerns about Digital Commerce Coin (dCM) via private message and I've intentionally tried to keep it off of our Einsteinium thread. I've made a few posts in the past regarding what happened but there are still people who still need answers. I hope this helps.
What is (was) Digital Commerce (dCM) coin?
Digital Commerce Coin was a cryptocurrency initially developed by KryptoKreative, Wallenstein, and SeriousCoins. After it's initial inception, bobsurplus and aszu were brought in by KreativeKytpo and as such I was contacted to offer release support, wallet design, graphics, and marketing plans. The initial goal of the coin was to be focused exclusively in API creation and e-commerce adoption. dCM was released on Bittrex as a 130btc IPO (divided between 6 devs) before releasing on the market for open trading.
What was my role in dCM coin?
As stated above, my role was to do graphics, marketing, wallet design, logo, etc. I created the wallet graphics and setup / operated social media accounts. It was also my role to offer my percentage of IPO funds back into the coin. Within the first 1.5 weeks I had already spent 5 btc on renting hash, supporting the price, hiring a developer for PoS fixes, paying for the merchant center backend, and server fees. I was not a lead dev by any means, but whoever controlled the ANN thread placed my name up as "lead dev" which is very misleading.
What happened to dCM?
Within a few days of our release, there was another coin (Harmony) that literally copied our ANN and tried to copy our success. This upset a few members of our team to the point of publicly addressing the issue in the Harmony forum. I think this is where the rift started within the team. There was a lot of big problems between KreativeKrypo and Bobsurplus that seemed to stem beyond what was happening with Harmony. Bobsurplus left the team and a lot of problems happened in public which drove our price below IPO level and breaking my buy support. At this point, it seemed the team stopped communicating as a group. Messages would go ignored or unanswered and the core team would be offline for days on end. I was locked out of the ANN thread and my name was moved up as a lead dev. I am still waiting and trying to figure out what happened to our plans. All of IPO money I've received is still being kept intact, unspent, and waiting for news on what's going to happen with it. A lot of people are calling the coin a scam, but I assure you that was not the intention at all. The coin fell like a house of cards due to FUD and it scared away the lead devs.
What is the future of dCM?
Honestly, similar FUD campaigns were used on Einsteinium which caused the price to drop heavily. I stuck through to make sure the coin didn't die and now I am spending extra time to rebuild EMC2 into something valuable for investors. Once Einsteinium is a success, I may take full control over dCM if the original devs don't come back. I'm not a quitter and I stand by everything I do. Please let me know if you have any more questions about dCM via private message.
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ANNOUNCEMENT:
Ladies and gentlemen, Einsteinium will be joining forces with some notable coin developers in order to make a smooth transition from PoW into PoS. Hopefully we can introduce something new and interesting to EMC2 staking.
I'll be working out the details with whomever is chosen to undertake dev tasks and posting updates here. It's my current plan to work with either MindFox or DaSource in order to make this happen ASAP. Now that final voting has ended, things can start picking up again.
Once the PoS implementation is in, we can branch out with multipools and put all the algorithm focus behind us. The next true step for Einsteinium is to create a new system for donating to crowd funded science projects while simultaneously putting buy support on our coin. I have thought about this immensely and I will soon introduce a "white paper" and concept for the new tool.
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First of all, I want to apologize for my lack of activity here on the message board. After arriving back in the states I was hit with a few situations that needed direct attention (time). Sorry. Over the past few weeks, I've been on contact with several coin developers and people who are willing to help Einsteinium achieve our new purpose. Action is picking up!
Because of my busy schedule and divided attention, I am going to "hiring" a new team to help with marketing and updates. I'm also officially opening the door for a few members who want to be partners in lead responsibility. In doing so, the community can have a steady stream of updates from EMC2.
Official and final announcement for the algorithm poll will come within the next few hours.
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The announcement will be made tomorrow and we can then being to move forward to the next step. Thank you for your patience.
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We've been having some server issues on the backend that I'm look to get resolved. If need be, I may buy and host the new servers myself. |
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FINAL ALGORITHM VOTE This will be the final round of voting to decide between PoS (Proof of Stake) or PoW using some Scrypt based mining alternative. Please weigh the options carefully and make sure to vote accordingly. This new vote will be running for 2 1/2 weeks and concluded on Saturday, July 19th. Share the word and let's get as many votes as possible. Write in votes will be considered and accepted if the member has an actual post history.So what's it going to be, PoW or PoS? Is that your final answer? https://bitcointalk.org/index.php?topic=676509Bump. Why do we need such a long time for the second ballot? These enough time to make a coin dead! Cause if not someone will cry when it's over  ... Get on twitter facebook message about emc2... Make is so the coins not dead don't want for the coin Just a friendly bump to keep people voting. The FINAL announcement will be made on Saturday. |
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the Official Einsteinium Block Explorer url, but it seems that it's not even working anymore, it's stuck to June 22... I can bump too. I'll message our web developer about that. Hopefully we can get it fixed soon. |
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FINAL ALGORITHM VOTE This will be the final round of voting to decide between PoS (Proof of Stake) or PoW using some Scrypt based mining alternative. Please weigh the options carefully and make sure to vote accordingly. This new vote will be running for 2 1/2 weeks and concluded on Saturday, July 19th. Share the word and let's get as many votes as possible. Write in votes will be considered and accepted if the member has an actual post history.So what's it going to be, PoW or PoS? Is that your final answer? https://bitcointalk.org/index.php?topic=676509Bump. |
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FINAL ALGORITHM VOTE This will be the final round of voting to decide between PoS (Proof of Stake) or PoW using some Scrypt based mining alternative. Please weigh the options carefully and make sure to vote accordingly. This new vote will be running for 2 1/2 weeks and concluded on Saturday, July 19th. Share the word and let's get as many votes as possible. Write in votes will be considered and accepted if the member has an actual post history.So what's it going to be, PoW or PoS? Is that your final answer? https://bitcointalk.org/index.php?topic=676509 |
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This is the final decision for switching to PoS or staying the course with a scrypt based PoW algorithm. Please keep in mind that switching to PoS may take time and money to accomplish, a fund raising effort may be needed to make sure everything is done correctly. Thank you for your thoughtful votes.
Please message me directly with any questions.
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After 3 months I'm now back in the USA. One of my flights was cancelled and I ended up being rerouted through a few extra connecting flights.. but at least I made it home! Now that my travelling has wrapped up for now, I'll be able to put more time into creating changes and advancement for our currency that helps fund scientific research, Einsteinium!
I would have had the poll up before I left Taiwan, but I want to make sure this one is done right and marketed appropriately. This time we will run the poll twice as long and market it daily. This time around there will only be 1 poll for voting here on BTCTalk to avoid confusion. As an extra note regarding PoS, we have a developer who can make changes to the coin internally but PoS is a whole different animal. We may need to bring in some outside talent which will cost money. There will be a fund raising effort if needed.
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May I ask WHY it is taking so long to open the new poll???
Also...make this poll count otherwise you will start to loose credibility.
I've been talking with some community members and feeling the PoS issue further. Honestly, the best benefit would be that it could stop multipool dumping while at the same time losing our loyal pools and miner base. It's a tough cookie to crack and I want to make sure the next poll is the final. We will market it out on all channels but only count votes here. I know you guys are ready for more than just algorithm changes so give me until after the weekend to make the call. Always please forgive my absence here until mid next week. I'm finishing up trip travelling overseas and I'll be back home next Wednesday. |
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Hey guys, my coins are stuck in "Stake" but are not spendable in my balance. Do I just have to wait or is there a way to move the coins from "Stake" to "Balance"?
Thanks!
Those coins are now counterfeit, not spendable  but try to encrypt your wallet, minting should stop . Encrypted the wallet but they are still stored as "stake", I'll wait for syncing to finish and see where it's at. EDIT: I suppose those new PoS coins may need to go through a confirmation before making the whole balance available again. Thanks for the help. I just had wait for the PoS blocks to mature, everything is as it should be and I'm ready for the new wallet now. Great work devs! |
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Hey guys, my coins are stuck in "Stake" but are not spendable in my balance. Do I just have to wait or is there a way to move the coins from "Stake" to "Balance"?
Thanks!
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