ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW

[airwalker2662]

yeah friend of me said he is gonna invest too in this and will try help in the long run let it go up

Wow, look at all the investors. A little over 0.5 BTC in total buy orders at Poloniex. Yeah guys just ride it out, it will bounce back... Yeah, no big changes needed, it's about long term. Really, that's the stance?

[psybits]

yeah friend of me said he is gonna invest too in this and will try help in the long run let it go up

Wow, look at all the investors. A little over 0.5 BTC in total buy orders at Poloniex. Yeah guys just ride it out, it will bounce back... Yeah, no big changes needed, it's about long term. Really, that's the stance?

Well I've seen ALOT of coins and I am crossing my fingers the team implements PoS so people have a reason to buy and hold the coin - to earn interest while staking for science! So no, I suppose that isn't the stance.

[Armis]

well armes in the begin before EMC2 was on cryptsy it went too 1331 and i sold at 1300 just be patient and dont loose faith iam 3 years in this cryptogame

Dailey123, 1331 was a direct result of the new kid on the block fad fame; since that time it has never seen that rate again.  

3 years in the CC industry is great I wish such tenure was relevant to the way things are done now, but they aren't, not for BTC and not for any of the alts either.  Back then a press release was magic, as EMC2 recently experienced it no longer packs the same punch.  These are different times, times that now require greater and more concentrated efforts.  Remember when Doge could literally chat up its market value, well that's finished, just like many of the strategies and tactics of the past.

We are entering a time in the CC evolution in which security is more important than ever, and genuine community involvement (not simple hype) is NECESSARY for meaningful growth and stability.  The line of demarcation occurred in early Feb of this year, when the CC community finally came to the realization that real money was being lost chasing cryptocash.  The oddest thing in the world is the fact that although everyone knows how to literally create new money, so many still prefer to steal and scam it away -- Mt Gox  (once biggest, oldest, and most trusted exchange in CC history).

Anyway fad fame enjoyed by new coins almost always result in a higher unrealistic beginnings followed by far more realistic and stable longer term values.  Essentially the coin has its beginning range, its end range, and its middle range comprised of high, low, and mean averages.  Historically, the ONLY time EMC2 has seen this level of low was when it was growing in and out of it in/at the beginning range/stage, not sinking into it, indicative of end stage activity.  

EMC2 is at a critical juncture, in need of emergency care from the community, there is no time for complacency -- this is NOT a test, it is a real emergency.

[airwalker2662]

The coin could have made traction with a switch to a more power efficient, much cooler algo. I suggested this many times but was me with disgust. Thankfully it prompted me to sell my stake ( good job dev team ). I still see people talking about an algo change would not be beneficial. Well, the writing is pretty friggin obvious. Scrypt is for ASIC's now and all such coins are seeing the price plummet. The miners that have cpu/gpu farms are gone from here, again as warned. It's 90+ degrees in the Southeast USA daily now, and coins with dramatically less power usage and heat generation are soaring in profitability. Hate to say "told ya so", but yeah - did that..

[Vlad2Vlad]

I'm having a hard time figuring out how many coins are out right now for this coin and what the hard cap is.

Can anybody clarify this?

Thanks!

[Vlad2Vlad]

10% PoS per month is massive inflation and it will drive the value of this coin into the ground while encouraging hoarding, thus killing the velocity of the coin and with it, any value it has.

If PoS is added it has to be a small amount, something less than 8% PER YEAR.  Even that would be seen as a high inflation rate but much more rational than 10% per month.

[Alphi]

10% PoS per month is massive inflation and it will drive the value of this coin into the ground while encouraging hoarding, thus killing the velocity of the coin and with it, any value it has.

If PoS is added it has to be a small amount, something less than 8% PER YEAR.  Even that would be seen as a high inflation rate but much more rational than 10% per month.

did you post in the wrong thread?
this coin cannot go proof of stake..
without mining there is no way to generate revenue for the fund to support scientific projects. ie the point of the coin.

sure you could tax the stakeholders instead of the miners but who is going to invest in a coin that is perpetually being inflated and then taxed?


miners are flyby night.. they come in they mine they sell for a profit they don't care too much about what they mine as long as it is profitable.. so it doesn't matter how high the levy is.. as long as the coin is profitable compared to other coins it will attract miners.

PoW coins are inflationary in the beginning because new coins are being created at a relatively fast rate... over time the block reward halves reducing the inflation and putting upward pressure on the coin making it more profitable for the miners who then switch over to mining the coin. it is a self stabilizing system so it can be taxed quite easily. (and even easier with Merged mining as has been stated in previous posts)

in a PoS system.. if the inflation is fixed then the coin is constantly being devalued. this gives people a reason to spend the coin. if you then tax those people for holding the coin, it gives them more reason to spend their coin... however if they don't have anywhere to spend their coin.. they will simply dump it into the market causing the price to further fall leading to more people dumping....with fixed inflation there is no self adjusting mechanism...

now if you implement a PoS system where the inflation is not fixed.. ie it decreases over time, say 8% first year then 7% the next.. then that really does just give people less reason to hold it over time which defeats the purpose of the PoS in the first place.

i think that regardless of which system this coin uses they wont be able to generate significant revenues to further the coins mission unless they grow the pie.. ie unless more people are actively using the coin for goods and services. In my view, basing your entire revenue stream on a speculative bubble is a terrible way to fund scientific research which by its very nature requires steady and ongoing funding across multiple years.

[dailey123]

well whatever iam holding them not selling them this cheap just be patient

[Armis]

Whoa, "Vlad2Vlad"    ... you here to help EMC2 out of this major jam, or to issue last rites?

Your wealth of CC knowledge, and hands-on aggressive style may be the shot-in-the-arm needed to wake EMC2 up out of its current coma.    

Do you currently own any EMC2?

Have you followed EMC2 at any point in the past 4 weeks?

[ottobene]

When was website update? i missed something? I like new design. EMC2 start headway

[Armis]

When was website update? i missed something? I like new design. EMC2 start headway

I saw it yesterday when I was looking for new project nomination deadline dates.   

The site infrastructure appears to be in place although many of the details are still coming together.

I think you are right to mention it before official mention, EMC2 needs as much meaningful encouragement as possible at this critical time.

[djnocide]

When was website update? i missed something? I like new design. EMC2 start headway

I saw it yesterday when I was looking for new project nomination deadline dates.   

The site infrastructure appears to be in place although many of the details are still coming together.

I think you are right to mention it before official mention, EMC2 needs as much meaningful encouragement as possible at this critical time.

The website is a step in the right direction, we have to do what we can to help emc2 grow.

[ottobene]

i think (as it may sound funny) this critical situation can be useful for coin. As the saying goes "A friend in need is a friend indeed", the team updated and acquired experience. I am of course difficult to judge, I'm not invested tens of BTC in EMC2, but I bought the coins for so much money that I can take a risk and not afraid of losing. But I think that EMC2 cope with the crisis. All problems have right decision

[ottobene]

BTW/ Website looking nice and clean, very qualitatively and cute

[psybits]

10% PoS per month is massive inflation and it will drive the value of this coin into the ground while encouraging hoarding, thus killing the velocity of the coin and with it, any value it has.

If PoS is added it has to be a small amount, something less than 8% PER YEAR.  Even that would be seen as a high inflation rate but much more rational than 10% per month.

While it seems that way, if you like at the price history of coins like HBN, TEK and PHS you will see that they have not had loss of velocity in the coin or "any value it has". Please take a look at the evidence. Of course they have fluctuations but long term value is up and none have lost 90% + of the coin's value, as far as cryptos go they are very stable.

Pure scrypt mining coins which no one has an incentive to hold are the ones which are being dumped mercilessly across the board right now.

[ahumanbeingx]

Sorry for lack of updates, I have been taken ill with a nasty stomach bug. I've been resting and it's taking a turn for the better. Updates on all social networks will come in soon regarding the website and a few other things. Thank you for your patience.

[spyro]

Looks like a good start.

[SuperSta]

http://emc2.lifeforce.info

System: Prop Stratum VarDiff
Pay Interval: Every 60 Seconds (for confirmed blocks)
Multi-Pool Shoutbox: Enabled
Stratum Locations:  

[etoque]

Nice,love new website ! Ill buying more right now

[shivamchawla]

The website looks pretty good. Hope the coin picks up again soon