I know I have stepped back from the organization, but I have matched the 50,000 donated for the giveaway. It is encouraging to see all the activity of those now managing Einsteinium, and I hope the giveaway goes well.

See my edited response. The access will likely be handed over. Again, the community will need to determine those decisions if and when they wish to take ownership.

This is my last response in this thread for now. 

If the community want's to take more ownership of EMC2 I am all for it.
To answer some questions though. The coin was not developed on contract, on the contrary it is quite the opposite. It was more or less done in the developers own time, with his own resources with his own idea/vision. It was never a contract effort. Some people joined shortly after it was developed and released, myself included. But it primarily started with the Dev who is still around, and a few people who helped him out. So please, it's best not to speculate on it's creation, and those involved. Some of us, put a great deal of time, effort, and money into this, myself included, with no financial gain, including the dev.
If you do want to reach the developer, which I highly advise if you wish to proceed.  With all that I would suggest contacting him at aszu@einsteinium.org. If you want to do a hand off to community ownership I highly suggest you email the developer and get in touch with Ryan in terms of the restructuring. With that being said, I highly advise working with Ryan on this going forward. I think Ryan (xhumanbeing) can become more of a resource in a few weeks.

With that being said, I cannot take on such the role I did before, my personal life is becoming a bit more active in the coming months. If you want to contact me for advice, or need information, please do. I don't personally have the time or energy to be involved as I once was.

I will not be paying much attention to this thread though...that's more an FYI. Good luck going forward, and you have my support if you wish to take more ownership of Einsteinium.
 
The coins value was too low to make a donation. Personally I am not going to pilfer the foundation's wallet to make a donation of a few hundred dollars, or dump the coins on the market. Which would have been the case in may, as it is the case now.
To answer where the foundation coins are, they are still in the foundation wallet, and not moving from there for the time being. I no longer manage that. Whoever ends up running the organization in the future will be responsible for managing the foundation wallet, as well as future donations, or however else the community determines how the resources should be used.

I should note, to reach roughly the same amount of coins during the 50 year life as EMC2 is laid out, 300 million ...it would be around 2.0% per year for PoS when we implemented. So 10% per month is out, as stated that inflation rate is too high. With that being said, the rate of distribution would shift to being more even during this 50 year period.

Again, we are leaning towards PoS, not a new mining direction. Again whatever direction we go there will be detractors and supporters. In terms of the mechanics of PoS...we are still evaluating things, thus why we opened it up to the community. With that being said, our core dev does support a move towards PoS as supposed to a new mining algorithm, even though from his perspective it would be a heavy lift.

So to start, these are new bounties. The previous ones our dev team already accomplished.

1. Make a dedicated Einsteinium Web Forum. 50,000 EMC2
2. Integrating BionC (CPU) into our Wallet - 50,000 EMC2
3. Integrating guiminer scrypt into the wallet. Gui miner must be able to connect to PtoP and Stratum -50,000 EMC2
4. Google+ and YouTube Tip Bot  50,000 emc2
5. First Merchant to accept EMC2. 25,000 emc2
6. Second Merchant to accept EMC2. 25,000 emc2

The leadership structure is already in place, and the core dev never left the team. Some people came and went but a core group of us has been working on this, including the person who created the coin. We are not going to drop things just because one person quit publicly, and we are dedicated to continue working on this coin. There is a certain level of churn with organizations dependent on volunteers, a core group often sticks around, and others come and go. This has been the case for us as well.   Let me be clear once again, Bob left, not the core team involved. Those actually dedicated to the foundation and the coin are still around working on this despite what anybody else says. If you want to help us, you are welcome too.

The other issue is that the new website is done, and we are at the stage we need to fill out content before we deploy it. The content is not our web developers responsibility at this point. Once the content is done, the page will be deployed.

 I should note one thing, if it is not already obvious, there was a hostile relationship between Bob and the Web Dev. There personalities clashed on more then one occasion. In some ways the personality clash acted as an impediment to accomplishing tasks.

As we said before, we welcome volunteers, as long as they are clear what they can do for us, and will work with us in a professional manner. We don't mind people who just want to accomplish a single task for us either. Again, the core group of us is still working on this, just because a single person quit publicly taking out their issues publicly on the board, does not mean those of us who are actually dedicated to the organization left.  

Let me be very clear on this, he left. There are those of us are still working on this organization. If it has been a bit more quiet for the last few days it is because we had to discuss some steps we are planning out with those still involved. Things don't always go as planned and re-adjusting is not an easy task, especially when one is trying to build something. Some people have the patience to work through this, others do not. The organization should be posting some bounties soon though based on input from the community, and our own goals.

I should note, many of us have personal lives, and at times things come up where they are not as available for a period. This happens to people working on a team, sometimes they just cannot do as much. This is in addition to the normal churn that happens, people come and go.  The team members of Einsteinium are no exception to this. There are a few of us who essentially are there, and will be there for the long run, but there are those who leave for their own reasons. Those with us though have to work in the constraints of their own life.

In terms of the community aspect outside of bitcoin talk. We do have an official subreddit and I would like more activity there. It would probably be the best place since we have an active tipbot there. I should note, I am still running a little giveaway about posting there, including what direction we should go as a team.

With that being said, an official forum may help, I am not sure if we are at that point, and I am also not sure if it has any advantage over a subreddit. The other question is maintenance, adminstration and upkeep of such a place. With that being said, I will present it as a potential item on the development task list item.

I can also confirm this is the core dev.

Bob has been very helpful in some ways. But he is finding himself frustrated with certian things. In some ways he let that frustration out on the board.
In the last few days my partner has experessed interest to join and he is an experienced Dev. As I stated before, additional devs is something we could always use. Some things we wished to make forward process on are not moving as quickly as desired.

There are some things I should state, I would not call it dead. There will be some changes to the organization going forward. But that was likely something that would have come at some point anyway. The first six months with any new endeavor can be a bit of a trial. It can be incredibly frustrating in the day to day for those directly involved with it.

I should note, if you wish to help PM me.

We need to get some things hammered out with our lead dev before making any definitive statements, especially in terms of objectives. Thank you for the input though, it has helped.

On a different topic.

Please submit projects for Epoch 3:
http://einsteinium.org/submit-a-project/

Scam? Last I checked we are the furthest thing from it.
We actually gave about $3250 total between our two winners of the two epochs between our funding award and fundraising. Providing science funding, no matter how large or small is central to the mission, and we have done it so far, and we will continue to do it. This is quite the opposite of a scam, which these days is so common these days on the market it's not funny. As people who have actually been following pointed this out, we are a charity coin.  There was no large instamine, whatever coins we used to fund our winners were sold above market rate to buyers to fund the projects we backed.

I should note, we launched with no premine, no real instamine, no IPO, and a clean launch. We have been listed as one of the few ethical coins. In fact all of the markers of a scam, we have none. The coins on the market have been mined. The components of most scam coins feature large instamines, premines, secret launches, and deceptive IPOs. We had none of those features.

Even those that have an issue with us, have not claimed we are a scam. They may have some issue with some aspects of what we were doing, and we may have butted heads, but not once did I hear the word "scam" until now.
Those who have been around since the start know this history and what we have done so far. Again we are a charity coin, but we are not close to being a scam. In fact those who are setting this up are doing so at a loss. Even if we have to make a smaller donation next epoch, we are still going to make a donation.


The price is down, but the reality is the market is not something we really have much control. Just because the coin is down does not make us a scam. Especially when the market in general which is prone to a significant amount of volatility, and irrationality.

Right now we seem to be a target of irrational trolls for reasons I cannot quite understand.  

This actually happens pretty randomly, we have no control of when it happens.

Except the problem is outside of darkcoin many of the new algorithm coins have not been particularly strong either. I should note, in terms of vulnernerabilities, X11 has a number of them our dev identified for us, one it is hacked together, and the other problem is it is suseptable to botnets. Outside of darkcoin many x11 coins have not fared very well. Again, there is no real compelling case to change algorithms, even in terms of market value or perception. The perception may be coming from GPU miners, not necessarily the market in general. The market right now is in general chasing heavily pre-mined and ipo scams, and in general very short term thinking. There is a high degree of irrationality at this point on the market coming from this short term thinking, and that is the core of the problem, and why scams keep creeping up. This goes beyond the previous behavior coins created to be mined and dumped, which used to be common, but has fallen out of practice with cryptorush failing. In some ways being ethical, and more long term oriented is not necessarily a bad thing.  

That does not necessarily mean we should not improve in other ways in both the short and intermediate term. Again, some actually good ideas are coming out of this conversation so far, and I think the development timeline may be one of the better ones.

The roadmap is not a bad idea.
In terms of the new wallet, that may be a ways out, that could take more time then anything else.

No, just no. Scrypt-N is even less efficient then scrypt. It is also not anymore secure then scrypt. There are no advantages going that direction.

There will be an official response from the developers regarding this in detail, with that being said this is my personal response.

In terms of any hashing algorithms being more secure, that is more myth and marketing then fact. In fact some of those present their own problems in terms of both security and the potential for botnets after analysis by our developer. Basically, they present some major security issues.  In addition some of these new algorithms are literally hacked together, they seem power efficient because they are not optimized. Good hashing algorithms, which scrypt is one, generally have the same level of security, and the same vulnerabilities. Scrypt is actually a secure algorithm, there is nothing wrong with it, other then a significant amount of irrational FUD around scrypt ASICs that is prolific right now.  Despite the fact that many of the scrypt asics have not made an appearance, and will likely be gradually be introduced into einsteinium's network. The reality is the advantage to ASICs, is actually security.

In terms of efficiency, some may be more power efficient in terms of GPU mining, that is not mean they are as efficient as they can be in general, and as I stated before, a few of them present their own problems in terms of security. As it has been pointed out, is ASICs are more efficient then GPUs no matter the algorithm, and there is a point where we will need to transition to that form of mining at some point. With that being said, as predicted, it would be needed at a certain point in our life-cycle, especially considering the halving schedule.


I would also not confuse investors with GPU miners either. The two groups are not necessarily the same. We see no reason to change our algorithm at this point. Essentially, it would just be a gimmick with no real advantage.

With all that being said changing the algorithm, and implementing such a large fork can present significant risks. This could range from outright killing the coin, the loss of previous coins, or something else. Litecoin laid out one, the biggest risk is it presents the risks of essentially creating a new coin and two separate forks. In this way forking the coin with a new hashing algoritm presents is a significant security risk, and one with no guaranteed rewards. Keeping the algorithm as is, ups and downs included, at least insures we will not see those risks that are introduced through a new algorithm change, which is in many ways, a gimmick, and one that can introduce major issues.  

It is not likely to happen to fork to a new hashing algorithm.

Something more...
http://bitcoinmafia.com/other-altcoins/what-is-einsteinium-coin/big-einsteinium-giveaway-begins-weekend/

This is something I will be doing using my own coins. I will not be using the foundations funds.

I am stuck inside all day with allergies, and also working on something for the foundation. Your science stories on reddit will be a nice distraction while I take breaks.

Tell your friends...I have a nice stack of coins ready for tips. It is time to grow our reddit community.

Update:
I have donated the $1500 (Einsteinium Epoch award) + $200 (Fundraiser to date) to Mend Therapeutics directly since they did not meet their experiment goal.

I would like to remind people that you can submit projects to be considered for our next round!
http://einsteinium.org/submit-a-project/