Why is einsteinium.org website currently down?"Error establishing a database connection"
We are running into some RAM issues on our server. This will be fixed and back online ASAP. Sorry for the downtime. |
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Beware: we have tens of votes on the polls, but how many people are helding EMC2 actually? The majority of EMC2 holders may be unaware of our discussions here, not everybody spends their time on forums. To change the fundamentals of a coin is something to do with enormous care - it's a violation of the whole concept behind a cryptocurrency: no serious investor would easily put money in a coin which menaces to change it's way to be generated every time that it's value does not rise.
This being said, if the community nevertheless decides for a change, a mixed PoW/PoW would probably be the best way to go, because it would strenghten the network against possible attacks and in my view our community is still far too little for a successful PoS coin. I'm repeating my question: once we are pure PoS why would someone OUTSIDE our community sudenly wish to buy our coins? If you can explain it to yourself please explain it also to me, I still don't get it. But beware that if your argument then doesn't work that's the case of the value of the coin finally dropping to zero. I understand that the few tens of people who have voted the poll own all together most of the coins in circulation and they dream of becoming rich very fast - I share your same dream, but I am also a realist. Who would buy our coins once we are the only ones to produce them by the way of PoS? Come on, this is a quite childish expectation.
I'm repeating it once again: we are here to give life to a coin which has the embedded property of funding science, no matter which its market price is. If we will be able to achieve that, we will also end up being happy with the coins price. There are no other ways. To this regard, I must say I am not happy with the funding of science having been halted for a few epochs because the price is low, as well as I am not happy with the payments to the awarded scientific projects being delivered in dollars, as it happened in the past. We should ALWAYS send the EMC2 coins to the winners, no matter which their value is. We can explain to the winners how to transform their coins in dollars, if that is what they prefer, but we should exclusively deliver EMC2s. The coins are worth little? Then winners are unlucky, we'll suggest them to keep the coins until they will be worth more. If we deliver dollars instead of EMC2 we betray our own coin, we send out a strong message that EMC2's value is only in terms of dollars, it looks like we don't believe in our own coin, we show that we didn't really get the new paradigm behind cryptocurrencies, we basically just do it wrong. The proof of the validity of I say? If you think in terms of dollars, when the market price drops you'll end up stopping with the process of awarding coins to science, thus destroying the credibility of the whole project. The coin is less than 4 months old, so these mistakes can be still recovered, but if the community does not understand these basic things we'll more likely to go down, rather than up again.
Regarding the change, perhaps we could think at something which has not been done yet (as far as I know, but of course I may be wrong, there are so many coins out there), a mixed PoW/PoS system with the embedded feature of a slow transition to PoS, perhaps over a couple of years.
I agree that IN THE END PoS sounds a way to go for cryptocurrencies in general, because it's echological, doesn't feed an unsustainable "arm race" of ASICS, etc, but you really have to have a big and strong community to be successful in that. Mintcoin had a community much bigger than ours, was quite well branded, but nevertheless since it's PoS the coin's price is slowly fading away.
A mixed PoW/PoS system which slowly goes in the direction of PoS could be an interesting solution. At the beginning it would be mainly PoW, like now, with just a minimal component of PoS. The ratio between PoW and PoS could change with every Epoch. A bit of PoW could be kept even for a some decades, this way there would always be the possibility for mining entusiasts to get some coins this way. Perhaps someone could start doing a bit of math on this.
First of all, I appreciate the time you've spent creating such a passionate and poignant post about the voting issue. I am also somewhat disappointed with the lack of vote count. To answer your question "Why would someone outside of our community want to buy our coin?" - The answer would be, because we are going to introduce a new system for donating to science that will increase the value of coins you hold. To invest in the future of science as well as your own financial future. That new system is much more necessary than a change of algorithm but it will take longer to flesh-out and implement. That being said, it is a priority of mine to introduce the new system as soon as possible. I've been brainstorming a lot but I would also like to hear yours and everyone else's input as well. I'll be running a new poll for PoS, PoW, or PoW / PoS soon. If there are any other new innovative ideas to be put on the table please let me know ASAP. Thanks again for your input. |
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Why is einsteinium.org website currently down? "Error establishing a database connection"  I've messaged Eddie and Lucas regarding this issue, it has been fixed. Thanks for notifying me. |
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That's exactly the situation I did point out before: if you weigh all PoW algos combined they're ahead of PoS. I guess doing a "PoW vs. PoS vs. PoW/PoS combined" poll would make sense. If PoW still comes out ahead just make a seperate poll for algos. Would be kinda awesome if the result of those two polls would lead to 1. stay with PoW and 2. stay with Scrypt - eh? No hard fork required!  I want to do what's best for the community and what our supporters, investors, and miners generally agree upon. For that reason, there will be another poll to solidify the change (or lack thereof). |
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Out of fairness I'm willing to host another poll here on BTCTalk for PoW and PoS only. That should clear the air a bit and allow is to move forward with a clear winner. How does that sound?
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ANNOUNCEMENT I've created a new thread for voting on our new algorithm implementation. Please take into consideration all possibilities and cast your vote accordingly. The poll will last 5 days and I will announce the winner on both threads this coming weekend. HERE IS THE POLL:
https://bitcointalk.org/index.php?topic=654552.new#newPlease feel free to quote this post and keep discussion alive so that we can make the most balanced decision for everyone. I know that there is no way to make everyone happy, but an open and democratic vote lasting 5 days should help alleviate concerns. Please let me know if you there any other mining options you would like me to add to the poll. Thanks everyone! Bumping the poll to make sure everyone gets their vote in! PoS has the clear lead here on Bitcontalk while 'Scrypt (No change)' is the clear winner on the Facebook poll. You can also cast your vote on Reddit here: http://www.reddit.com/r/einsteinium/comments/28bcu4/poll_vote_for_einsteinium_coins_new_algorithm/Bumping the poll again, there's only a few days left before the decision is made. Our facebook poll is overwhelmingly leaning toward "No Change" while Bitcoin talk is leaning heavily for PoS. Which algo wins? YOU decide! We Have a Winner! It looks like EMC2 is headed for PoS people!Even without weighting the votes from BTCTalk, PoS has won the majority user votes when calculating all voting channels. Taking BTCTalk as the primary voting channel (also promoted on twitter), it is clear what direction you guys want to EMC2 take! BTCTalk: PoS (20), Scrypt (9) Facebook: Scrypt (13), PoS (2) Reddit: PoS (3), Scrypt (0) Totals: PoS (25), Scrypt (22)Thanks to everyone for voting! Now it's time we discuss implementation of the new PoS system. I'd like to hear member opinions here so that we can try to do what's best for Einsteinium. What do you think? |
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Probably a stupid question, but how do you make sure people are not voting multiple times, on reddit, here and ond fb?
It's quite possible that there could be multiple votes across different social networks. I encourage voters to get their votes in a maximum of 3 times. Long term member votes will be weighted and rated stronger while new or "shill" accounts won't count at all. The results will then be averaged together and if there is not a clear outstanding winner we will have a tie breaker round which will take place here only. ok, maybe you should have been a bit more clearer about that, as I would have voted only once (in case I could actually vote here or on facebook). I will leave for a couple of days now and am a bit in a hurry. I decided for POS. Could you just count me in for that? You are right, it could have been made more clear. Your vote is extremely important and will be counted in the BTCTalk category. Please see my reply above for more of a breakdown on how the vote tally will play out. Enjoy your time away for the next few days and we look forward to your return. |
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Just wanted to say hi, been lurking here for a while and am happy to see the community is rallying to prevent this great coin from dying. I've been quietly adding buy support over the past weeks and am happy to see the coin has now finally stabilized and recovered at least a little bit. Good base to start rebuilding from now! Probably a stupid question, but how do you make sure people are not voting multiple times, on reddit, here and ond fb?
It's quite possible that there could be multiple votes across different social networks. I encourage voters to get their votes in a maximum of 3 times. Long term member votes will be weighted and rated stronger while new or "shill" accounts won't count at all. The results will then be averaged together and if there is not a clear outstanding winner we will have a tie breaker round which will take place here only. Just wondering how you will weigh PoS vs. PoW votes. It looks like PoS is the clear leader right now, but if you add up the different PoW algos it looks like PoW is actually still more popular overall (17 PoW vs. 22 PoW). Will you take that into consideration, instead of only looking at the individual results? The actual rating of votes is more bound to facebook and reddit as those with new accounts here on btcTalk are unable to vote. The new memebers who signed up facebook since the vote started will not be counted. I understand that more people here on btcTalk follow mining protocols and are more up-to-date on cryptoTrends than some of the people on the facebook group who are primarily there for tipping. For that reason, I've decided to weigh the votes with a 2/1 average by giving btcTalk votes the longer tooth. All votes will be looked at and considered but long term supporters here on btcTalk do have a stronger say for our new direction. Each social media channel will be given a winner, the strength of those winner will be pitted against each other, and the outstanding leader will be chosen fairly. |
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Probably a stupid question, but how do you make sure people are not voting multiple times, on reddit, here and ond fb?
It's quite possible that there could be multiple votes across different social networks. I encourage voters to get their votes in a maximum of 3 times. Long term member votes will be weighted and rated stronger while new or "shill" accounts won't count at all. The results will then be averaged together and if there is not a clear outstanding winner we will have a tie breaker round which will take place here only. |
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ANNOUNCEMENT I've created a new thread for voting on our new algorithm implementation. Please take into consideration all possibilities and cast your vote accordingly. The poll will last 5 days and I will announce the winner on both threads this coming weekend. HERE IS THE POLL:
https://bitcointalk.org/index.php?topic=654552.new#newPlease feel free to quote this post and keep discussion alive so that we can make the most balanced decision for everyone. I know that there is no way to make everyone happy, but an open and democratic vote lasting 5 days should help alleviate concerns. Please let me know if you there any other mining options you would like me to add to the poll. Thanks everyone! Bumping the poll to make sure everyone gets their vote in! PoS has the clear lead here on Bitcontalk while 'Scrypt (No change)' is the clear winner on the Facebook poll. You can also cast your vote on Reddit here: http://www.reddit.com/r/einsteinium/comments/28bcu4/poll_vote_for_einsteinium_coins_new_algorithm/Bumping the poll again, there's only a few days left before the decision is made. Our facebook poll is overwhelmingly leaning toward "No Change" while Bitcoin talk is leaning heavily for PoS. Which algo wins? YOU decide! |
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when mining then disappear are orphans, correct? Also, is there a way to reduce them?
Do you receive any HW errors while mining? Another solution may be to try a different pool. |
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If POS win, do we switch completely or become POW/POS?
If PoS wins, we will surely go the route of pure PoS with a multipool setup around the same time. |
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ANNOUNCEMENT I've created a new thread for voting on our new algorithm implementation. Please take into consideration all possibilities and cast your vote accordingly. The poll will last 5 days and I will announce the winner on both threads this coming weekend. HERE IS THE POLL:
https://bitcointalk.org/index.php?topic=654552.new#newPlease feel free to quote this post and keep discussion alive so that we can make the most balanced decision for everyone. I know that there is no way to make everyone happy, but an open and democratic vote lasting 5 days should help alleviate concerns. Please let me know if you there any other mining options you would like me to add to the poll. Thanks everyone! Bumping the poll to make sure everyone gets their vote in! PoS has the clear lead here on Bitcontalk while 'Scrypt (No change)' is the clear winner on the Facebook poll. You can also cast your vote on Reddit here: http://www.reddit.com/r/einsteinium/comments/28bcu4/poll_vote_for_einsteinium_coins_new_algorithm/ |
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hi can any1 help me pls. i'm trying to import a papper wallet but is not working and it putting out a error (code -4).
i'm typing in console 'importprivkey (private key) nothing else. any ideas?
thank you
I've relayed your question to our coin developer, here is his reply:
Most likely your problem is that your wallet is locked. You have to manually unlock it from the commandline. Importprivkey will not prompt you for unlock, it will just fail with some cryptic message.I hope that information helps you, please me know if you have any more problems. |
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I've created the exact same poll on our FB group for those who cannot vote here on bitcointalk.org - Both polls will be averaged and the winner will be announced next weekend. Vote and comment on our FB poll to receive 100 emc2! https://www.facebook.com/groups/einsteiniumgroup/ |
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I've created the exact same poll on our FB group for those who cannot vote here on bitcointalk.org - Both polls will be averaged and the winner will be announced next weekend. Vote and comment on our FB poll to receive 100 emc2! https://www.facebook.com/groups/einsteiniumgroup/ |
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Have you guys thought about dropping the max coin cap from 299 million? That's a lot of dilution (and the current inflation is massive as well) which many investors run from.
I think it was cinni or silk who just dropped theirs from 150 million to 50 million, CSC from 336 million to 63 million, DarkCoin from 88 million to 22 million, etc.
Lots of new investors coming on and they look at the inflation rate and the max dilution. If the max cap is cut to maybe 50 million and the inflation dropped as well, we can't probably get a 10 fold increase just on valuation alone, supply and demand are that simple.
Just my 2 cents.
Cheers!
Could be a good option, if the devs do this, the community need to agree on a max cap. Not too low It's a presentable option for sure. Let's take care of algorithm voting this week with implementation and we'll handle max coin total next. Sound fair? |
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ANNOUNCEMENT I've created a new thread for voting on our new algorithm implementation. Please take into consideration all possibilities and cast your vote accordingly. The poll will last 5 days and I will announce the winner on both threads this coming weekend. HERE IS THE POLL:
https://bitcointalk.org/index.php?topic=654552.new#newPlease feel free to quote this post and keep discussion alive so that we can make the most balanced decision for everyone. I know that there is no way to make everyone happy, but an open and democratic vote lasting 5 days should help alleviate concerns. Please let me know if you there any other mining options you would like me to add to the poll. Thanks everyone! |
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hey guys , you never buy under 80sat at mintpal, dont try to break, if break , i add more dont forget.
I may create more buy support between 90 - 100 soon just to keep things active and pickup cheap coins from dumpers. Other than that, my focus has been on adding some community supported features and tools before putting all my efforts into a new system for donating to science. first we support to pirce up, than stable the price over 400sat and than we donate science projects, but not with emc2 coin just pay by dollar. i can do thiss. community and devs are not interesting me. i love this coin, and i can buy %25 of coin supply, let them sell, at these cheap prices. dont make anything, i am just collecting  Sir, I am the lead dev and I am very interested in what you have to say. Please PM me and we will talk details. |
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hey guys , you never buy under 80sat at mintpal, dont try to break, if break , i add more dont forget.
I may create more buy support between 90 - 100 soon just to keep things active and pickup cheap coins from dumpers. Other than that, my focus has been on adding some community supported features and tools before putting all my efforts into a new system for donating to science. |
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