The first 1 ounce gold bar was just sold on
Earthazaar.com for 30M EAC.
wow... atx will soon own 50% of the supply.
..which will be 5% after 6 months. (ok I probably did a slight error in my calculations but you get the idea)
This bullion wasn't sold by ATXsilver; it is by a new dealer, JaPhillips. He actually has more precious metal products pending publication on Earthazaar, which I will approve shortly, after delivery of his first sale has been confirmed.
Congrats to JaPhillips! I welcome the competition, and truth be told, if we could eventually get 5-10 'bullion' dealers who were selling on Earthazaar, we would see EAC go back up into the 40-50 Satoshi range in no time.
People still pile into worthless Alt coins with no true purpose or value and drive market caps up to $1,000,000 overnight, where only the earlybirds or Devs truly make money. It is speculative money, and it goes away relatively quick, erasing 90+% of the gains many briefly had. Where as with Earthcoin we certainly know where the bottom is at this point, but where could the price be in 1-2 years time? What was bitcoins price 2 years ago?
I do have plans for Earthcoin, but at this point I honestly don't see the relevance of sharing my intentions too clearly when I still need to accumulate more of the market cap of EAC at this 5 satoshi price range in order to truly reap the rewards of my plans.
Many have asked and emailed me about what I am cooking up, and I apologize for the lack of information I am sharing, but honestly, I don't see why I should give anyone else 'inside information' unless they have taken concrete steps toward providing value to Earthcoin similar to what a few of use in this community have done so far.
I will divulge more information on this board once things get closer to 'Go Time'.
A couple of thoughts that I have been brainstorming that I welcome feedback on.
1) Austin is the live music capital of the world, I am friends with some bar owners, and I may have 'Earthcoin' Sponsor a concert, create banners, giveaway t-shirts, coins, sign people up on cryptsy (using my referral key) and explain crypto-currency, etc. All the while enjoying adult beverages and spreading the belief of what freedom crypto-currency represents, and the potential riches that Earthcoin has for those who choose to believe.
I may hire some 'promo girls', similar to 'miller lite girls' and have them wearing Earthcoin swag and giving away promotional materials, etc. Nothing says success like beautiful women IMO. I would certainly make sure this news got picked up by the local media, newspapers, bitcoin blogs, etc.
It wouldn't take much capital for Earthcoin's price to go up exponentially at this point.... and this kind of exposure could be exactly what the doctor ordered.
2) I have also been considering selling 1 gram gold bars, morgan silver dollars, or something of that nature at 50% EAC price of current bullion melt value. Saving up around $10,000 Bullion equivalent, and then offer them for sale simultaneously on Earthazaar for a large discount. This would serve the purpose to hopefully drum up new investors and also those who just wish to arbitrage the market and lock in Free $, but they would obviously have to buy or mine EAC in order to make the purchases. And a move of this magnitude would certainly create some interest and buzz around Earthcoin, and bring some 'new blood' or whales into the equation. I would of course insinuate that I would be continually doing such promotional events randomly to reward Earthcoin holders, and that it may behoove investors to 'buy and hold' as it will not be guaranteed with such increased demand that EAC will languish at such low prices indefinitely....They would need to hold EAC and wait for these special windows of opportunities, providing less selling pressure and more buying pressure, and sopping up much of the supply that is just dumped on the market currently.
Of course, this serves a more selfish purpose as well, to raise the value of my EAC holdings and make me much wealthier 'on paper' with my Earthcoin stake. You see, by losing say $5,000, on my bullion holdings, I could actually gain much more than that with a relatively benign rise in EAC satoshi price, by being in such a unique position as I am, it could actually be a savvy business move to offer huge amounts of Gold & Silver at discounted prices to 'stimulate demand' and marketing efforts.
*Re the POS deal. I still can't say that I see how that adds value, I think we would probably be better served if all significant holders gave away a % of their coins to new people and incentivized them to get involved in the community and have some skin in the game. Increase the buzz, the number of people being active, posting things for sale on Earthazaar, writing articles, etc.
Switching to POS sounds similar to a gimmick that would only serve to bump up EAC price in the short-term, with no long-term benefit that I can see, and only reward the 'get rich quick without effort' crowd.
We need to add real world value, and create a larger community. Part of the reason DOGE has had such fantastic success is because of the 'tipping' community they developed, and how they fostered a fun-loving, open, and LARGE Community. You have to Give to Receive. And the More you Give, the More you will receive.
Another thought I had, was to create some kind of 'Council of Elders', or a powerful coalition of similarly minded, intelligent leaders of Earthcoin who would commit to buying and holding a large amount of Earthcoins float. Say 5% of the float each. Multiplied by 10 people, we could lock up 50% of the float without having to spend a 'crazy' amount of capital individually. I like the idea of rewarding the largest holders by sending them 'dividends' in Silver or Gold, rewarding them for 'holding' EAC for the long-term, if somehow I could have them 'prove' their holdings are indeed theirs, and that they are holding them, I would be open to mailing out 'monthly bullion dividend rewards' to this council of luminaries. Once we accomplished this goal, and I could somehow verify this, I could just convert a small amount of my EAC into BTC monthly, and then directly buy bullion 'Dividends' at a local coin shop that I know that accepts BTC for precious metals, and distribute this purchase every month to the 'Council' evenly.
We have been knocked down, we have been left for dead, and we have been disrespected by all.
But will we Give up? Will we throw in the towel in disgust? Will we hang our heads and cry?
Or will we stand like men, face this problem head on, and power through adversity?
Can Earthcoin rise into glory once again like a Phoenix rising from the ashes?
