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Author Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED!  (Read 802515 times)
Kergekoin
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December 28, 2013, 11:08:43 PM
 #2301


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I think I would take EAC much less seriously if the dev's had no stake in it from day one.  

Yes indeed, this is what confuses me about all this dislike of premining - why should people develop something and not get paid? I am happy that the EAC devs have skin in the game, and forsee an excellent future for this currency as a result.

Are you guys mentally challenged or just ignorant?
Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it. There has been only one little giveaway.
Do i need to put pieces together for you?

You call that "getting paid" ? As long as he has not set any public plan for over 260 million coins hes holding, i call that "jackpot"
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December 28, 2013, 11:15:25 PM
 #2302


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I think I would take EAC much less seriously if the dev's had no stake in it from day one.  

Yes indeed, this is what confuses me about all this dislike of premining - why should people develop something and not get paid? I am happy that the EAC devs have skin in the game, and forsee an excellent future for this currency as a result.

Are you guys mentally challenged or just ignorant?
Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it. There has been only one little giveaway.
Do i need to put pieces together for you?

You call that "getting paid" ? As long as he has not set any public plan for over 260 million coins hes holding, i call that "jackpot"


I seem to recall that bit coin was also premined in the beginning as are most cryptos coming onto the market lately.. One may have actually been totally premined  (QRK)  according to some people around the crypto community ..
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December 28, 2013, 11:16:45 PM
 #2303

Scam pool? http://coinpool.de/eac/index.php HuhHuh

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December 28, 2013, 11:27:21 PM
 #2304

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Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it.

Why should his plan not be "to keep it all" Huh Which developer is more likely to commit to his release for the long term and give it a bright future:

a. A dev that holds a ton of the coin, and profits from its ongoing success

b. A dev who holds a small amount of the coin and therefore has no incentive to continue to promote the coin

In any case, it's none of your (or my) business what he does with his holdings, if you don't like the coin, don't mine it and don't hold it.

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December 28, 2013, 11:29:03 PM
 #2305

Earthcoin on coinmarketcap.com 484,260,495 EAC at $ 0.003
vual
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December 28, 2013, 11:30:35 PM
 #2306

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Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it.

Why should his plan not be "to keep it all" Huh Which developer is more likely to commit to his release for the long term and give it a bright future:

a. A dev that holds a ton of the coin, and profits from its ongoing success

b. A dev who holds a small amount of the coin and therefore has no incentive to continue to promote the coin

In any case, it's none of your (or my) business what he does with his holdings, if you don't like the coin, don't mine it and don't hold it.



That is correct, premining gives the dev funds to use for development, you will see coins that dont premine die in the ass, and if they say they dont they are lieing, most coins instant mine anyway 5min before the launch, etc... At least with earthcoin you know the funds go towards advertising and development of the coin. Like others said, what kind of dev wants to stick around if they dont get paid for it.

For those having trouble building on linux:
Here is some help:

Quote
(09:24) (@hmachado) paidshill, care to post it on the forum?
(09:24) <@   hmachado>| other ppl might need it
(09:25) ( paidshill) sure
(09:25) :: system_fault is now known as away{systemfault
(09:25) ( paidshill) sudo apt-get install build-essential libssl-dev
                     libdb5.1-dev libdb5.1++-dev libboost-all-dev git
(09:26) ( paidshill) all dependencys are in repo
(09:26) ( paidshill) git clone
                     https://github.com/earthcoinproject/earthcoin.git
(09:26) ( paidshill) cd earthcoin/src
(09:26) ( paidshill) cat /proc/cpuinfo | grep -i "model name"
(09:26) ( paidshill) make -j8 -f makefile.unix USE_UPNP=
(09:27) ( paidshill) or change -j output to your cores the result of the cat
                     command will tell you

Shill is lazy i thought i would post for others.
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December 28, 2013, 11:41:40 PM
 #2307

I'm one of the people helping to test this p2pool for squiggle (by sending my miners) - we could do with some more miners if anyone is willing to help out?  Smiley

I would have thought we would have found a block by now, hopefully soon so we can verify its functioning


I know....I'm keeping the faith   *fingers crossed*


Well unfortunately guys I don't think we ever got the hashing power to find a block. If you want to keep mining to test I'd sure appreciate it but if you need to move on I understand. I'd really like to test the p2pool concept with some of these alt coins though. I really think p2pool has some advantages for the coin over standard coins.
We should agree on a time/date when we concentrate lot of power and attack the issue simultaneously for a short period of time, better to do it that way than few people mining for 2 hours and quit and the next few mining the following hours etc imo.


Great idea illodin!


What hash rate could you achieve up to now?
I got one block from solo mining with 320 Kh/S in the last 2 days.
It might be chance but my computations pointed to approximately 1 block per 40 hours on average with that hashing speed, so could it be that you have a bug somewhere?



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December 28, 2013, 11:45:05 PM
 #2308


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I think I would take EAC much less seriously if the dev's had no stake in it from day one. 

Yes indeed, this is what confuses me about all this dislike of premining - why should people develop something and not get paid? I am happy that the EAC devs have skin in the game, and forsee an excellent future for this currency as a result.

Are you guys mentally challenged or just ignorant?
Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it. There has been only one little giveaway.
Do i need to put pieces together for you?

You call that "getting paid" ? As long as he has not set any public plan for over 260 million coins hes holding, i call that "jackpot"

I'm sorry but do you not pay any attention at all? Personally if you have a issue with the premine then so be it, if you don't like the coin why continue posting in the thread? This is what, your 5th post calling it a scam but have you even bothered to read the first page each?

On the first post it specifically shows bounties to be claimed at 20k-100k each, and there used to be even more until they were claimed. Secondly that giveaway thread has 900 replies and was giving away at LEAST 20k EAC?

DOGE: D9X7qReZrCzkWefgt5FW55ENftoLiyvZHq             BTC: 1NXinRxyWhuetk7VTqUE2xFepbFJUD4MZf             EAC: epECRCi4eLytstZZiD57gXRoLwEJLgTgZx
hmachado
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December 28, 2013, 11:59:14 PM
 #2309


We are adding a Giveaway feature to EarthlyBot (our IRC bot on #Earthcoin)
He already gives us Prices, Coins out, Difficulty and also can check the ammount of EAC's on your wallet.

As soon as its ready i will announce it here so you guys can participate.
Fair to say that its not a big giveaway, but any coin counts right? Smiley

Ill keep u posted, or just join us on #Earthcoin
limbaugh
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December 29, 2013, 12:07:15 AM
 #2310


Are you guys mentally challenged or just ignorant?
Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it. There has been only one little giveaway.


Had you been competent enough to use the search function you would see that earthcoin did indeed respond to the premine issue.


There is no way that makes up a "large proportion of the premine". The Earthcoin account recently made a nice post about bounties but seemed to completely ignore the posts about setting up a public ledger of the premine coins.

Earthcoin, is this not something you are willing to do?

Apologies, it didn't go unnoticed, threw the comment at the team, discussing, will address when ready as it's sensitive and not something we'll just ignore forever nor address in one swoop. In short it's also exposing our bare ass re what strategies we take, who is involved for future moves, sensitive marketing moves, disclosing others ID who may wish to stay under the radar, maybe exchanges or sensitive relationships being out in the open for competitors to see, amounts for certain tasks... premine programme to last potentially more than a year or more so tons of audits with sensitive classified info all made public is probably not going to happen, but again that's just first reaction and few layers of thought pulled back, will discuss more.


Claiming he has ignored all premine posts is simply not true and display's your ignorance and/or lack of comprehension (mentally challenged?).
earthcoin
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December 29, 2013, 12:09:39 AM
 #2311


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I think I would take EAC much less seriously if the dev's had no stake in it from day one.  

Yes indeed, this is what confuses me about all this dislike of premining - why should people develop something and not get paid? I am happy that the EAC devs have skin in the game, and forsee an excellent future for this currency as a result.

Are you guys mentally challenged or just ignorant?
Dev holds approx. 750 000 USD of premined coins in hes hands.  He continues to ignore all posts asking what will happen to premined coins. He has not published any plans for it. There has been only one little giveaway.
Do i need to put pieces together for you?

You call that "getting paid" ? As long as he has not set any public plan for over 260 million coins hes holding, i call that "jackpot"


I seem to recall that bit coin was also premined in the beginning as are most cryptos coming onto the market lately.. One may have actually been totally premined  (QRK)  according to some people around the crypto community ..

I'll address this one last time here, with detail, then you guys can rip it apart 20 ways from Sunday however I will not be responding to any more accusations or hate regarding our structure or operations.

1. Feel free to launch a coin, don't premine it, see how much interest you get, see how much out of pocket you go, see how motivated you can get people, see how adoption goes.

2. Feel free to launch a coin, premine 2% like we did, give out 30-40Million like we did, and spend some actual hardmoney on it before hand. Then go tell everyone including competitors, all your marketing plans with the bounty's and the rest of the premine for over a year with full disclosure, see how far you get. Make it a public open book always updated with every days moves and what/where/how much/who is involved, then when sensitive things happen just put 'sensitive' there see how much scrutiny you get and how many more calls for open audits that will cause.

Better yet, what's stopping me from just hiding 50-100 mil through small fake tasks and bounty's and 40 wallets and a month, or wasting time with audits of audits instead of creating more value and assets.

3. Feel free to continue making accusations, and at the same time, seeing tons of assets perpetuating themselves out of the community for big bounty's to create stuff to make earthcoin more valuable, daily, in big quantities. Funny that, the bounty has become a huge ad budget and the end result of spending it, is more value to all involved.

Frankly we could have easily done 5-10% and probably not gotten much more scrutiny, but we still chose 2% and managed to get the brand this far in a week with a small portion of it (along with simple good business strategies), do you understand how valuable that is? 750k? If you were in our shoe's you'd walk away from this for 750k? Now? Oo


Unfortunately after more talks, we have decided that we will not be disclosing how and what we are spending inventory on other than what you see publicly.

In the last 10-20 tasks that we've bountied, we've reviewed them and more than half have been sensitive. We'd never tell the public, never want competitors to know, or anyone could absolutely stifle our growth and we'd invite others to sabotage us easily or model after us and be just one step behind.

Trust what you see, the 1000's interested, 100's creating assets, the millions already mined and given away, the fact that in order for us to stay motivated yes we want a vested interest otherwise this is just a clients project and I'm just consulting a potential huge operation for free.

I don't expect you guys to read 118 pages but I have already said that the team has money, we aren't hungry for our first big break, we've said NO to investors/funding (easy money) many times for this already, we could have walked away for a nice chunk of money to hand this all over already, we would rather be fishing than doing all nighters with forums, but we see a big great challenge and are enthusiasts of crypto in general. We want to create something real vs a fadcoin.

Discovery is a beautiful thing, been watching coins come and go and marking down all their flaws/challenges/ways we could be better when we launch, and I'm sure people are looking at us the same way for the next batch to come. We're doing things 'right the first time' and while I fully get it, opening the books silences all critics, it's brilliant but extreme and unrealistic for us to expect no big blowbacks from it, further scrutiny, and frankly wasting time to constantly try to justify ourselves.

I appreciate and understand your critique however it's time I finally say something with a bit of firmness and that'll be all from me regarding what/why we did things the way we did. No business out there has an open book on their spending budgets as they happen for sensitive moves with marketing or overall direction. So far the brand has been carefully crafted and every asset is top notch because we're attracting and recruiting the best of the best for stuff and paying accordingly for it or overpaying as the value has already risen a lot now.

Please continue to watch us in action to see more proof of our long term goals. I'm personally dumbfounded at how great the response has been and many could learn a thing or two for their own coin journey by absorbing some of our strategies instead of constantly being focused on a negative 'what if'. Try to think 'what if' this is for real instead of defaulting to scam no matter what explanation you get. Some of these alt's are simply going to make it, just by averaging and probability alone, and by the usual suspects re what makes a good company/project/team run.

Thank you!

A (real) Grass Roots Revolution :: http://www.GetEarthCoin.com >> Get Involved!
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December 29, 2013, 12:13:33 AM
 #2312

there are many alt coins out there, but only a few stand out, i think 2014 will be a nice year for earthcoin, keep up the good work

your link here
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December 29, 2013, 12:20:28 AM
 #2313

there are many alt coins out there, but only a few stand out, i think 2014 will be a nice year for earthcoin, keep up the good work

+1


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December 29, 2013, 12:22:13 AM
 #2314

net hashrate 3.25 GH/s, not bad for a ""premined scam coin" (quote)

Yep I think this is it,   Not saying we will go to the moon, but I was instantly attracted to EAC, And I also view the premine as equity for the future developers.  As a small business owner I have a respect for the foresight to try to some type of sustainable compensation to keep the business model alive.   

I think the nay-sayers just enjoying crapping on new coins.  There is MUCH bigger and sustaining profits going long on any crypto than there is trying to make a quick buck on hype.  I'm hoping most devs would prefer years of multi-million dollar payouts for they're efforts than to cash out for a couple hundred grand soon as it hits an exchange and dump the project.

I think I would take EAC much less seriously if the dev's had no stake in it from day one. 

I agree.

I came across this article on the Earthcoin subreddit, and thought it articulated the idea of a premine potentially being a good thing, fairly well..

http://cointrader.org/what-is-earthcoin/

If you scroll to the end... they're also giving away free Earthcoins. Not sure if the giveaway is still going on, but I got 400 last night, so maybe.
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December 29, 2013, 12:24:57 AM
 #2315


Unfortunately after more talks, we have decided that we will not be disclosing how and what we are spending inventory on other than what you see publicly.


You should post this one the front page to end anymore transparency questions.
Wolf Rainer
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December 29, 2013, 12:43:16 AM
 #2316


I sent another 1000EAC to Treasure game to get another hint, http://www.lixnez.com/treasure.html

but the link seems broken  Cry

Can you check?

Yes the link is broken, Wolf Rainer can you please fix it?

Fix´it. Sorry, i was sleeping. Now im going to finish the last game, (puzzle) and put a new hanged word.
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December 29, 2013, 12:48:56 AM
 #2317

what about earthcoin.no-ip.biz ?

it says the last block was found like more than 13 hours ago. sth is wrong with the pool? i got nothing for full day mining in this
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December 29, 2013, 12:57:50 AM
 #2318

If anyone is interested in testing p2pool for this, please see https://bitcointalk.org/index.php?topic=389521.new#new

I'd greatly appreciate the help.

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December 29, 2013, 12:59:52 AM
 #2319

It's always good to be skeptical, especially of new coins, there's been plenty of scams in the past. But.. The EAC premined coins are being used legitimately as incentive for people to provide services/strengthen the infrastructure of Earthcoin, this imo is great, its picking up very quickly, and the premine is partly responsible for this (its also a great coin).  I personally have received over 100k EAC from the devs so far, and I'm not the only one.

When a coin is in its infancy, pre exchange (not the case anymore  Grin) It's difficult to accept it as payment as there's no where to reference market prices etc or reliably trade. Bounties help with this stage a lot as they help mitigate some of the risk involved in accepting a new coin. (e.g if i accept payment and it ends up being at a slight loss I have a decent stash to compensate myself with). This encourages more services to accept a coin, which helps promote the coin further, as awareness grows and you can spend it on more things.

EAC is gaining momentum, that's just happening. So.. you could sit around all butthurt over the premine, or.. you could contribute to EAC and claim your share of it  Tongue

Nice to see EAC on coinmarketcap (myself and a few others suggested in their thread that it should be added  Wink ) Have also contacted CoinWarz inquiring about adding EAC to their list.

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December 29, 2013, 01:20:43 AM
 #2320

Some typo's and grammar errors etc. but someone just did a pretty good article on EAC.

http://cointrader.org/what-is-earthcoin/

Lot's has happened, will post an official update later in the day or tomorrow. We're on coinmarketcap, picked up by coinex.pw, tagbond.com, lot's of press, games, more tools, device apps are on their way, our growth is stable and steady (THANK YOU for not spiking then killing it on the exchanges, books are still a lil' thin and one big pumper can really make it fly then reverse bad so keep momentum going).

Thank you, back to PM's.

That was a really good article. There seemed like a few typos towards the end, but for the overall quality of it I'm willing to forgive that.

Well done to whoever wrote it.

Earthcoin, your post about the premine was well said. You guys have been doing a great job so far and if you keep it up, it benefits you and everyone else so I'm quite optimistic Smiley

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