EVERGREENCOIN The Beginning of the Proof of Stake Profit Paradigm Shift ????

[kiklo]

EverGreencoin :  http://coinmarketcap.com/currencies/evergreencoin/

110 X INCREASE in less than 3 months.
Marketcap was ~$12,000 US on June 23rd
Marketcap Today is $ 1,323,739 ,
Coin only has a supply of 13,065,963 coins and with low staking rate of only 7% Yearly , it may not be done heading for the stratosphere.
24 hour Trading Volume was $ 38,427 

Has the realization finally beginning to Sink In with Crypto Investors,
That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.
A Coin that must be held to make more of itself, giving it an intrinsic value that no PoW coin can ever Possess or Match.

Or

Do you think it is merely a Short Lived Money Making Abnormally?


 

[spartak_t]

EverGreencoin :  http://coinmarketcap.com/currencies/evergreencoin/

110 X INCREASE in less than 3 months.
Marketcap was ~$12,000 US on June 23rd
Marketcap Today is $ 1,323,739 ,
Coin only has a supply of 13,065,963 coins and with low staking rate of only 7% Yearly , it may not be done heading for the stratosphere.
24 hour Trading Volume was $ 38,427 

Has the realization finally beginning to Sink In with Crypto Investors,
That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.
A Coin that must be held to make more of itself, giving it an intrinsic value that no PoW coin can ever Possess or Match.

Or

Do you think it is merely a Short Lived Money Making Abnormally?


 

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

[kiklo]

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

LOL,
That is only because you are so young my friend ,
The Saving Accounts at Banks used to paid more than a mere 7%.
Utility Stocks Pay ~6% , 7% is a good real world number, anything below 3% yearly is not worth holding at all,
But at 5% or 7% it is worth holding, which is why most good utility stocks pay out their dividend in the ~6% yearly rate.
This coin would be a better investment for someone than a utility stock.

Plus in Contrast to High interest Rate coins with 60% per month, 7% per year is nothing to worry about.  

http://swanlowpark.co.uk/savingsinterestannual.jsp

Interest Rates on Savings Accounts since 1960

Year    Annual Average
 
2015   1.40
2014   1.48
2013   1.75
2012   2.80
2011   2.75
2010   2.80
2009   2.21
2008   5.09
2007   5.55
2006   4.68
2005   4.92
2004   4.56
2003   3.73
2002   4.00
2001   4.31
2000   5.00
1999   5.17
1998   5.75
1997   5.17
1996   4.54
1995   5.60
1994   5.36
1993   5.66
1992   8.19
1991   10.57
1990   13.56
1989   11.96
1988   9.30
1987   9.83
1986   9.22
1985   7.57
1984   7.00
1983   6.75
1982   8.54
1981   8.90
1980   10.50
1979   8.31
1978   6.25
1977   7.00
1976   6.88
1975   7.21
1974   7.50
1973   6.58
1972   4.88
1971   5.00
1970   5.00
1969   4.88
1968   4.17
1967   4.25
1966   4.00
1965   3.88
1964   3.50
1963   3.56
1962   3.75
1961   3.56
1960   3.38

 

[spartak_t]

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

.....

Well, I was not born in the 60s, but I am 35-years old so I'm not sure if I am that young.
P.S. Banks used to pay such %.
P.S.2. There are even loans with lower interest rate.
P.S.3. The stock market is a form of a ponzi scheme... at least in my views.

[EverGreenCoin]

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

Hi spartak_t,

We had to change the VPS for the block explorer early on. It took some time to both do that and then get coinmarketcap to update to pull accurate coin supply. I do not think that data is 100% accurate, but be that as it may, March would have only been half way through the 6 month PoW which only recently ended about a month ago. So constant selling from miners only recently stopped.

We also had to hard fork because of some unintentional forks forming on the network a week before the end of PoW which, some large holders decided to sell during that turbulent time. Perhaps many did, unfortunately. Fortunately many are now coming back after the coin did prove to endure.

I understand it may look like a pump. This is a really exciting time for the project and we have many active endeavors soon to be released: new website including support tickets, android wallet, hopefully polo soon, sponsorships of a cannabis festival (a new branch only just forming of EGC), all within the next 30 days and that is only the stuff publically announced. The project has many new investors across the globe and we are planning, as of tonight, to expand that into China also. (the community will just now be learning of this)

I am not "disagreeing" with anything you have said spartak_t. Only explaining some things that a brief observation of the project might not see. I am glad you agree the 7% is not low and I hope you do not think it is too high. At the time I set the specs, 5% seemed to be an accepted norm and I hoped to raise the holding incentive some.

Thank for sharing your observations spartak_t and thank you for taking the time to read my response.

[kiklo]

Well, I was not born in the 60s, but I am 35-years old so I'm not sure if I am that young.
P.S. Banks used to pay such %.
P.S.2. There are even loans with lower interest rate.
P.S.3. The stock market is a form of a ponzi scheme... at least in my views.

Compared to someone born in the 1930s,  60 year olds are young.  

The current interest rates are abnormally low, because the Banks & Governments are using it as a way to rip off savers and bail out their shenanigans.
NIRP will be even worse.
http://www.investopedia.com/terms/n/negative-interest-rate-policy-nirp.asp

Stock Market has been corrupted by high speed computer trading , where they can change the price of a stock and never even actually buy or sell it, by doing everything in microseconds.
However the Dividends rates , prove that a healthy company can easily pay 5% to 7% and not only have their price stay stable but go up.
Plus looking at the banks , they easily pay 7% or more for years and they were making a profit at that time.
So 7% is no big deal in the scheme of things.

 

FYI:
Want to see something interesting ,
Look at this Chart, and you will see only 2 time periods with extremely low interest rates like today, hint the other date is 1930s.
http://www.businessinsider.com/chart-5000-years-of-interest-rates-2015-9

2nd Depression is in session, interest rates don't lie, but our political leaders do.  

FYI2: Interest Rates over the past 5000 years.

   Mesopotamia, c 3000 BC: 20%
    Babylon, Code of Hammurabi, 1772 BC: codified earlier Sumerian custom of 20%.
    Persian conquest (King Cyrus takes Babylon), 539 BC: rates of 40+%.
    Greece, Temple at Delos, c. 500 BC: 10%
    Rome, Twelve Tables, 443 BC: 8.33%
    Athens/Rome: circa the first two Punic Wars, 300-200 BC: 8%
    Rome: 1 AD: 4%
    Rome, under Diocletian, 300 AD: 15% (estimated)
    Byzantine Empire, under Constantine, 325 AD: limit 12.5%
    Byzantine Empire, Code of Justinian, 528 AD: limit 8%
    Italian cities, c. 1150: 20%
    Venice, 1430s: 20%
    Venice, (Leonardo da Vinci paints "The Last Supper in Milan), 1490s: 6.25%
    Holland, beginning of the Eighty Years' War, 1570s: 8.13%
    England, 1700s: 9.92%
    US, West Florida annexed by the US, 1810s: 7.64%
    US, circa World War II, 1940s: 1.85%
    US, Reagan administration, 1980s: 15.84%
    US, Fed does not hike rates in September, 2015: 0-0.25%

[spartak_t]

By looking at the graphs its market cap was like ~$2.5k back in March and it looks like a pump.

P.S. I don't consider 7% yearly interest as low. Try thinking as it is inflation and you'll get my point.

Hi spartak_t,

We had to change the VPS for the block explorer early on. It took some time to both do that and then get coinmarketcap to update to pull accurate coin supply. I do not think that data is 100% accurate, but be that as it may, March would have only been half way through the 6 month PoW which only recently ended about a month ago. So constant selling from miners only recently stopped.

We also had to hard fork because of some unintentional forks forming on the network a week before the end of PoW which, some large holders decided to sell during that turbulent time. Perhaps many did, unfortunately. Fortunately many are now coming back after the coin did prove to endure.

I understand it may look like a pump. This is a really exciting time for the project and we have many active endeavors soon to be released: new website including support tickets, android wallet, hopefully polo soon, sponsorships of a cannabis festival (a new branch only just forming of EGC), all within the next 30 days and that is only the stuff publically announced. The project has many new investors across the globe and we are planning, as of tonight, to expand that into China also. (the community will just now be learning of this)

I am not "disagreeing" with anything you have said spartak_t. Only explaining some things that a brief observation of the project might not see. I am glad you agree the 7% is not low and I hope you do not think it is too high. At the time I set the specs, 5% seemed to be an accepted norm and I hoped to raise the holding incentive some.

Thank for sharing your observations spartak_t and thank you for taking the time to read my response.

I have no deep observations on EGC since I am not following the development of your coin, but I wish you good luck if you are honest. This one can look as a shitcoin to many people, but the truth is that there is no such thing as a shitcoin, because number of coins/assets/tokens can find its niche.

[spartak_t]

Well, I was not born in the 60s, but I am 35-years old so I'm not sure if I am that young.
P.S. Banks used to pay such %.
P.S.2. There are even loans with lower interest rate.
P.S.3. The stock market is a form of a ponzi scheme... at least in my views.

....

Pointing to number of sources would not change my opinion. There is nothing good in the inflation, and since it is considered that the "good" inflation is in the 1-2% range, you can't convince me that 7% is not an issue. Frankly speaking I am supporter of the PoS coins (no matter what their flaws are), but many of them were created with the only one thing in mind - to force people keeping their coins in the wallets thus creating lower sell pressure. I don't think that this is the case here though, because EGC's interest is not like 100%.

P.S. Don't tell me you are born in the 30s?!

[kiklo]

Pointing to number of sources would not change my opinion. There is nothing good in the inflation, and since it is considered that the "good" inflation is in the 1-2% range, you can't convince me that 7% is not an issue. Frankly speaking I am supporter of the PoS coins (no matter what their flaws are), but many of them were created with the only one thing in mind - to force people keeping their coins in the wallets thus creating lower sell pressure. I don't think that this is the case here though, because EGC's interest is not like 100%.

P.S. Don't tell me you are born in the 30s?!

No Worries, we can just agree to disagree on inflation %.

1932 to be accurate, why should there be more gray hair on the fonts. 


 

[spartak_t]

P.S. Don't tell me you are born in the 30s?!

1932 to be accurate, why should there be more gray hair on the fonts. 

Jesus Christ... you are so old that you probably knew Gandalf before he had a beard.

[kiklo]

P.S. Don't tell me you are born in the 30s?!

1932 to be accurate, why should there be more gray hair on the fonts.  

Jesus Christ... you are so old that you probably knew Gandalf before he had a beard.

Used to take him fishing with me on Saturdays after the chores were done.  


 

[kiklo]

Market Update

Market Cap has increased to $ 1,539,282    Volume (24h) $ 54,579

Gained over $200,000 in MK, since the 1st post.

Paradigm Shift underway or something else , what are your calls?


 

[Wosterlee]

How long will it take for people to realize that EverGreenCoin will go much, much higher?

Let's see.

It support causes that care for the environment. I've seen a few other coins that aim for that, but don't have a developer that is as determined as Steven.

It is Proof of Stake, and the network will be supported by staking wallets AND in the near future the SOLAR STAKER. How come no one else thought of that? This is a swift kick in the butt to all the energy slurping PoW coins. Look at bitcoin for instance, it needs massive mining farms that consume more power than a small village ffs!

Take a look at other major PoS coins that have vanished into the background like Feathercoin or Peercoin. I think Evergreencoin has a real case for itself. First of all it is easy to understand and everybody loves to take care of the planet. What appeal does bitcoin have to the regular folks? I bet they would rather own some EverGreencoin instead of Bitcoin, which only gets trashed in the media and only does a 7 transaction per second.

Oh, I forgot one thing. It isn't even a scam

[TheTribesman]

How long will it take for people to realize that EverGreenCoin will go much, much higher?

Let's see.

It support causes that care for the environment. I've seen a few other coins that aim for that, but don't have a developer that is as determined as Steven.

It is Proof of Stake, and the network will be supported by staking wallets AND in the near future the SOLAR STAKER. How come no one else thought of that? This is a swift kick in the butt to all the energy slurping PoW coins. Look at bitcoin for instance, it needs massive mining farms that consume more power than a small village ffs!

Take a look at other major PoS coins that have vanished into the background like Feathercoin or Peercoin. I think Evergreencoin has a real case for itself. First of all it is easy to understand and everybody loves to take care of the planet. What appeal does bitcoin have to the regular folks? I bet they would rather own some EverGreencoin instead of Bitcoin, which only gets trashed in the media and only does a 7 transaction per second.

Oh, I forgot one thing. It isn't even a scam

The EverGreen principles sound like Kobocoin [KOBO]
https://bitcointalk.org/index.php?topic=920290.0

X15 and PoS since February 2015. A friend of the planet, and Solar Staking in the Southern Sahara desert for the African crypto has been on the cards since inception. KOBO is not big, but no IPO/ICO/Premine and still surviving. Our price is nowhere near EverGreenCoin (for now... ) but we live in hope of recognition!

Also, our mobile wallets are miocrotransaction ready with 4 distinct sub-currencies, and IOS is planned for the near future. Mainstream adoption is our goal.

Wishing EverGreenCoin all the best!

[kiklo]

Market Update

Market Cap has increased to $ 2,084,681    Volume (24h) $ 132,932

Gained over ~$500,000 in MK, since my last post.  

Paradigm Shift underway or something else , what are your calls?


 

FYI:
It is incredible the rate this coin is growing and the massive trading volume ,
Coin is ~16 cents per coin now, when it had a 110 X value , it was only 3 cents.
You know the guys that sold at 3 cents are kicking themselves now, 3 days later it gained 5X Value.

Paradigm Shift or something else, a new question forms, whichever it is ,
Are you in it or Are you missing out on what may be the next BTC Event in our LifeTimes.  

[Febo]

110 X INCREASE in less than 3 months.

That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.

Did you just told us here that black is actually white?

How can be something stable if increased 110 times.

[kiklo]

Did you just told us here that black is actually white?

How can be something stable if increased 110 times.

Is the Price Stable at the moment , No it is shooting UP like a rocket.

At some point , Evergreen growth should stabilize due to it being a Proof of Stake coin and selling any means you just decreased your ability to make more.
That is what I meant from
That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.
Where that price point is, is anyone guess. (As of right now the Market is trying to determine an accurate value for the coin.)

So do you think this is a paradigm shift or an abnormally?

 

FYI:
As of the moment it is now over 160 X its june 23rd value.

[crysx]

Did you just told us here that black is actually white?

How can be something stable if increased 110 times.

Is the Price Stable at the moment , No it is shooting UP like a rocket.

At some point , Evergreen growth should stabilize due to it being a Proof of Stake coin and selling any means you just decreased your ability to make more.
That is what I meant from
That Proof Of Stake is the only Real Way to Have a Decentralized Stable Coin with a Stable investment and make Money in the long run.
Where that price point is, is anyone guess. (As of right now the Market is trying to determine an accurate value for the coin.)

So do you think this is a paradigm shift or an abnormally?

 

FYI:
As of the moment it is now over 160 X its june 23rd value.

these sorts of 'stabilizatons' and fluctuations are merely an indication of the current state of the market for egc - nothing more ...

no one can predict - nor estimate what will happen to any of the markets unless you actually do have a crystal ball and can fortell the future ...

but for now - the price is good and the interest is good ... all it takes is a whale to dump - and the 'correction' will be at the lower rate until another change happens ...

so who knows ... one can only hope its stays at the growth rate it currently is - or stays at a high price rate for trading ...

fingers crossed - and hope that we all make a good deal out of the increase ...

#crysx

[EverGreenCoin]

How long will it take for people to realize that EverGreenCoin will go much, much higher?

Let's see.

It support causes that care for the environment. I've seen a few other coins that aim for that, but don't have a developer that is as determined as Steven.

It is Proof of Stake, and the network will be supported by staking wallets AND in the near future the SOLAR STAKER. How come no one else thought of that? This is a swift kick in the butt to all the energy slurping PoW coins. Look at bitcoin for instance, it needs massive mining farms that consume more power than a small village ffs!

Take a look at other major PoS coins that have vanished into the background like Feathercoin or Peercoin. I think Evergreencoin has a real case for itself. First of all it is easy to understand and everybody loves to take care of the planet. What appeal does bitcoin have to the regular folks? I bet they would rather own some EverGreencoin instead of Bitcoin, which only gets trashed in the media and only does a 7 transaction per second.

Oh, I forgot one thing. It isn't even a scam

The EverGreen principles sound like Kobocoin [KOBO]
https://bitcointalk.org/index.php?topic=920290.0

X15 and PoS since February 2015. A friend of the planet, and Solar Staking in the Southern Sahara desert for the African crypto has been on the cards since inception. KOBO is not big, but no IPO/ICO/Premine and still surviving. Our price is nowhere near EverGreenCoin (for now... ) but we live in hope of recognition!

Also, our mobile wallets are miocrotransaction ready with 4 distinct sub-currencies, and IOS is planned for the near future. Mainstream adoption is our goal.

Wishing EverGreenCoin all the best!

Thanks for the well wishes TheTribesman! It is good to know the love of our planet is universal. I am following your thread and social media now and will fully support Kobocoin.

Best wishes in return!

[mybitcoin101]

How long will it take for people to realize that EverGreenCoin will go much, much higher?

Let's see.

It support causes that care for the environment. I've seen a few other coins that aim for that, but don't have a developer that is as determined as Steven.

It is Proof of Stake, and the network will be supported by staking wallets AND in the near future the SOLAR STAKER. How come no one else thought of that? This is a swift kick in the butt to all the energy slurping PoW coins. Look at bitcoin for instance, it needs massive mining farms that consume more power than a small village ffs!

Take a look at other major PoS coins that have vanished into the background like Feathercoin or Peercoin. I think Evergreencoin has a real case for itself. First of all it is easy to understand and everybody loves to take care of the planet. What appeal does bitcoin have to the regular folks? I bet they would rather own some EverGreencoin instead of Bitcoin, which only gets trashed in the media and only does a 7 transaction per second.

Oh, I forgot one thing. It isn't even a scam

The EverGreen principles sound like Kobocoin [KOBO]
https://bitcointalk.org/index.php?topic=920290.0

X15 and PoS since February 2015. A friend of the planet, and Solar Staking in the Southern Sahara desert for the African crypto has been on the cards since inception. KOBO is not big, but no IPO/ICO/Premine and still surviving. Our price is nowhere near EverGreenCoin (for now... ) but we live in hope of recognition!

Also, our mobile wallets are miocrotransaction ready with 4 distinct sub-currencies, and IOS is planned for the near future. Mainstream adoption is our goal.

Wishing EverGreenCoin all the best!

Thanks for the well wishes TheTribesman! It is good to know the love of our planet is universal. I am following your thread and social media now and will fully support Kobocoin.

Best wishes in return!

what projects are using your chain?

thanks