[ANN] ESCOIN - THE NEXT STEP IN THE BLOCKCHAIN

[vkitaebiz]

Hi, guys!

Crypto-currencies in their current state have no future.

The rules which were established by Satoshi Nakamoto and have become a tradition for crypto-currencies can awake interest in 1% of the world population at the very outside (I am afraid this figure is a bit too optimistic).

We can check it easily. Ask the following question to 10 usual people, your parents, colleagues, friends:

Are you interested in a currency which may fall by 30-40% or even more within a single day?

You can wonder whether they are interested in a payment tool with which they have zero rights for protection. Whenever you got a virus - your money is lost, whenever you lose or disclose your password - your money is lost, whenever you send it to a fraud or unfair seller - you can forget about your money.

As a matter of fact, bitcoin-like coins have two target audiences:

1. Guys from shadow economy;
2. Investors waiting for growth of crypto-currency exchange rate.

Today countries all over the world think about one dilemma: whether to replenish our economy with a piece of pie from bitcoin-bubble, as Thailand, a country without a normal tax system, did it, or whether to forbid it to keep their nose clean.

I am not trying to tell you that is the end of bitcoin. Let it live on and prosper. But bitcoin is only a big and very successful experiment showing potential and operation of blockchain technology.

But if we speak about non-payment blokchain-startups, 99 % of them use and mention blockchain as a fashion of speech and non-regulated fund-raising, while pink dreams about decentralization remain dreams only.

The field where blockchain can really open their power and potential are self-regulating assets.

Let's take eternal, as this frail world, problem: relations between sellers and buyers:

1. Customers do not trust young sellers;
2. Experienced sellers with reputation put on a crown and start and spit upon individual customers.

People appeal to centralized organizations, Federal Service on Customers' Rights Protection and Human Well-being Surveillance, police, courts, etc. to settle disputes.

But are they really effective? Are they objective? And is it always reasonable to waste time, money, and temper for appealing to these authorities?

Blockchain can help arrange a decentralized system for solving of these problems.

Two key properties of payment system:

1. Acceptance of all payments and presumption of fault of payment recipient.

Here is how it works: a seller registers offer in blockchain (for example, with hash), pays a certain commission, and forms payment details for a buyer. The buyer can pay only through the offer, i.e. there is no wallet; any payment is formed through the agreement. The agreement may be complex and may include responsibilities of the parties and amount of indemnification. Any arosen dispute will be settled through public discussions by a consortium formed by certain rules (I spare the details of its formation for now) and the consortium makes financial decision: to return money in full or in part, to refuse the claimant.

2. Stable course concerning general reference point.

The consortium can decide to issue more coins or to reduce their quantity in order to flatten the rate. If demand for the coin grows, more coins will be issued and sold, which will help accumulate a reserve fund. If there are prerequisites of the rate collapse (for example, some large country has forbidden the coin) the reserve fund and other tools similar to regulation of monetary aggregates in central banks will be involved.

It is quite easy to keep the rate stable concerning a certain reference point (for example, exchange rate 1 coin = 1 US dollar).

States do not manage to do it because of budgetary expenses for the army, police, authorities, pensions, etc.; the states cannot reduce money aggregates without damaging the economy.

But we have here withdrawal of rather high commission for transaction security and sale of issued coins for foreign assets.

In a nutshell, that's how it works!

I sell tokens of this project and form a team!

UPDATE 10/30/2017

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[$crypto$]

Crypto-currencies in their current state have no future 
please detail 
exchange price  1 coin = 1$ 

[olgamir]

Do you have a team and a website?  
Honestly, nothing is clear yet.

[bitcircle]

Where is whitepaper and official website with complete structure about this coin distribution. Your concept is not clear it seems it need more details to make it easy to understand for all people I hope this will be helpful for all to understand.

[vkitaebiz]

Crypto-currencies in their current state have no future 
please detail 
exchange price  1 coin = 1$ 

1. You think that bitcoin-like coins will go to the moon. Ok. I think otherwise.

As a matter of fact, bitcoin-like coins have two target audiences:

1. Guys from shadow economy;
2. Investors waiting for growth of crypto-currency exchange rate.

Tell me: do you wait for the continuation of growth Bitcoin-like coins or  you are guy from shadow economy?

For ordinary people, the advantages of Bitcoin are not clear and in general are not advantages.

2. Yes, exchange price  1 coin = 1$. But you can make a profit more than with Bitcoin-like coins.

Most people want to have stability, not growth and fall of the rate by 30% per day.

[vkitaebiz]

Where is whitepaper and official website with complete structure about this coin distribution. Your concept is not clear it seems it need more details to make it easy to understand for all people I hope this will be helpful for all to understand.

I'm write white paper right now and I want to see more questions from you for it

[zefirka]

no website? nice project 

[castiloros]

It still a little confuse here about the concept of this project, you said that there is no such future for the current crypto curreny, so what makes different between the current crypto coin and this ESCOIN?

[vkitaebiz]

It still a little confuse here about the concept of this project, you said that there is no such future for the current crypto curreny, so what makes different between the current crypto coin and this ESCOIN?

I said that bitcoin-like coins don't have a great future.

Because for most people the properties of such coins are not attractive. You like bitcoin because its course is growing. But it will not grow forever. It will fall. We see this now. Do you think many people like how their 5000 dollars turn into 3500?

But I see the future in the blockchain. And the blockchain gives an opportunity to create a non-state system of payments, but it is provided with real assets.

For many bitcoin's fans the fact that bitcoin does not belong to any state is only emotion. But they cant to explain why this is really good. The US dollar is provided by the production of 25% of the world production of goods and services. And what is provided by bitcoin? The opportunity to buy weapons, drugs and child pornography on the dark internet?

Differences Escoin:

1. Obligatory contract for transactions.
2. Presumption of fault of the payee.
3. A stable exchange rate is equal to the object of the real economy.


These properties attract a lot more people and money than bitcoin in the future.

You ask: how will a stable course be provided? This will be provided by investors and a profitable business model.

[itasannah]

It still a little confuse here about the concept of this project, you said that there is no such future for the current crypto curreny, so what makes different between the current crypto coin and this ESCOIN?

I think, I agree with you, what is the real point for this coins if it already known that the current currency concept will not last for long time.

[vkitaebiz]

no website? nice project 

90 % "nice project" with website became scam. For some reason  websites did not help them.

Now I want to show concept of coin and see real criticism.

[vkitaebiz]

It still a little confuse here about the concept of this project, you said that there is no such future for the current crypto curreny, so what makes different between the current crypto coin and this ESCOIN?

I think, I agree with you, what is the real point for this coins if it already known that the current currency concept will not last for long time.

Crypto-currency is the currency on the blockchain. So?

But you are used to the rules that Satoshi has established.

But they can be different. I say that a coin with other rules can be more promising.

"I said that bitcoin-like coins don't have a great future.

Because for most people the properties of such coins are not attractive. You like bitcoin because its course is growing. But it will not grow forever. It will fall. We see this now. Do you think many people like how their 5000 dollars turn into 3500?

But I see the future in the blockchain. And the blockchain gives an opportunity to create a non-state system of payments, but it is provided with real assets.

For many bitcoin's fans the fact that bitcoin does not belong to any state is only emotion. But they cant to explain why this is really good. The US dollar is provided by the production of 25% of the world production of goods and services. And what is provided by bitcoin? The opportunity to buy weapons, drugs and child pornography on the dark internet?

Differences Escoin:

1. Obligatory contract for transactions.
2. Presumption of fault of the payee.
3. A stable exchange rate is equal to the object of the real economy.


These properties attract a lot more people and money than bitcoin in the future.

You ask: how will a stable course be provided? This will be provided by investors and a profitable business model."

[Shiekin]

this project just needs some additional information to convince investors, such as specifcations, roadmaps and teams, if the project really does not have a website, it's not a big deal, if the project has complete details.
I like the price, 1 coin = 1 $, that's good
however, good luck

[dmitry.jirnov]

I believe that ESCOIN will overtake Bitcoin in terms of capitalization!

[Cop999]

Escoin already started ICO? Escoin.io

[delightfulbold]

In which country this will be working? This will be for limited countries?

[vkitaebiz]

Escoin already started ICO? Escoin.io

No, It's not my project

[vkitaebiz]

In which country this will be working? This will be for limited countries?

We have been started the-first ICO in North America: Canada and USA

[BaliScript]

Waiting for whitepaper

[quangtnq]

Escoin already started ICO? Escoin.io

No, It's not my project

So, it mean escoin.info and escoin.io have used your idea to make a fake coin?