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

[leonar76]

price increase %37 + , good

dont miss cheap emc2

[1714486492]

1714486492

[1714486492]

1714486492

[1714486492]

1714486492

[phoneled]

price increase %37 + , good

dont miss cheap emc2

haven't saw the dev for weeks, he give up the coin?

[leonar76]

new dev is coming, and will make pos, not more 1 week.

[Oldminer]

haven't saw the dev for weeks, he give up the coin?

Dev posted yesterday. Are you blind 

[leonar76]

Now, + %51 increase at mintpal, good rise.

[ahumanbeingx]

Website is back online! The Block Explorer is rebuilding on the new server and should be back online soon.

http://einsteinium.org/

Site updates coming soon to reflect PoS changeover instructions + specs.

Also, I've been designing the new wallet UI so I will be posting screenshots soon for suggestions.

[djnocide]

Website is back online! The Block Explorer is rebuilding on the new server and should be back online soon.

http://einsteinium.org/

Site updates coming soon to reflect PoS changeover instructions + specs.

Also, I've been designing the new wallet UI so I will be posting screenshots soon for suggestions.

Good, keep it up! 

[afeizhai]

I am willing to donate 10,000 EMC2 developed for POS

[ThePeePs]

Website is back online! The Block Explorer is rebuilding on the new server and should be back online soon.

http://einsteinium.org/

Site updates coming soon to reflect PoS changeover instructions + specs.

Also, I've been designing the new wallet UI so I will be posting screenshots soon for suggestions.

Great news..  Things are looking up.. good time to buy or mine EMC2!

[Iceplayer]

Looking forward to the changes with EMC2 - great coin with awsome potential - keep up the great work devs!!

[matauc12]

Buying 500k at 30 satoshi if someone doesn't wanna touch the market too much

[bobq]

ANNOUNCEMENT:

Desperate times call for desperate measures... so no more waiting!

In light of recent events and market price, I've decided to use my personal money to fund development of a swift transfer to PoS for EMC2. I was paid yesterday from my personal job and my bills are paid / food is in the fridge. I'm willing to make the sacrifice for those investors who believe in our goals and what we are going to achieve.

I'll be sending RelativeSource his payment of 1.5 BTC and our switch to PoS should not take longer than 7 days.

The website will be back online soon along with a brand new server.

The block explorer / rich list will come along with the new website server as well.

RelativeSource is ready to begin programming immediately and will be here to answer any questions for you guys.


Also, we'll be working on a new system of PoS that will help gather coins for science and show the total transparently in the wallet. We'll also have in-wallet market prices, PoS info, Chat, new design, and a tutorial on how to transfer your coins to the new blockchain.


Please let me know if you have any questions.

Good news  .Let's bring this coin back on it's feets.

Ryan's efforts are great, but the new PoS wallet MUST include from the start a clear and automatic way to allocate coins for science, or the coin would loose it's meaning. Personally I'd have preferred the transition to PoS to be more progressive going through a mixed Pow/PoS phase, but that's just my opinion.

[bobq]

There's a few issues about PoW which are not clear to me, it would be nice if someone would answer these few questions that I have, since EMC2 is apparently going the way of PoW without any prior deep technical analysis.

1. In a PoW network, transactions are confirmed by peers, who get rewarded for that - this is why they mine. Which convenience have peers in a PoS network to keep their wallets all time open, so that they can confirm transactions? (I understand that for a PoS to work wallets don't need to run all the time, maybe I'm wrong)

2. What happens to transactions in a little community as the Einsteinium community is at the moment, if only very few peer or even nobody have their wallets running? How would it be possible to confirm transactions? Wouldn't the system collapse in the absence of enough peers?

3. If there are only few peers with an open wallet in a little PoS network like Einsteinium would be, wouldn't that allow some sort of 51% attack become possible for some with a big stake?

4. We are obviously unhappy with the fact that the Einsteinium community has not being growing as fast as we would like, but since most of EMC2 coins have not been created yet and by going PoS the only way to create coins would be to already have some, would this not EVEN MORE slow down the growth of our community? After all, in the absence of any large scale adoption and thus practical use of a coin people who like to mine that coin are probably still many more than people who like to buy it. And if the community does not grow, how do we expect the value of EMC2 to rise? I'm mentioning this in support of my preference of a time-limited mixed PoW/PoS system as to ensure a smoother and safer transition to PoS.

Evrybody is invited to answer to these questions of mine, of course in the interest of us all.

[Fitness76]

Hello,

I've been mining EMC2 on and off for a while now. I haven't been active in the community though. From what I have seen there are probably a lot more people like me that mine and read the thread, just are not active. So not having any wallets online seems unlikely so transactions in a POS switch would not a problem. I know if we switch to POS I would leave my wallet open 24/7.

I did vote to go to a POS system, and I am very grateful to ahumanbeingx for paying the 1.5 btc to make it happen. Howerver; I didn't think it would happen so quickly after the money was raised, as you were saying it would. I think it was 7 days. So thus the switch would be in a couple of days. I'm sorry I did not catch this sooner, I am over a week behind on several threads I follow. I would prefer either a hybrid POW/POS eventually switching to full POS as was suggested in a couple posts already, or delay the starting of the POS, but promote that it will be switching by a specific date, but longer than a week, and people better get mining and buying. I feel this would give more people time to get invested in EMC2. There are probably people sitting on the sidelines waiting for news and thinking they have years left to mine. Just the fact of the generosity of ahumanbeingx is good news and showing the coin has a brighter future!

I have always liked this coin and it's mission to fund science and plan to try and support it in any way I can. I did switch all my scrypt asics over to mine it recently, there all small ones, but really need to try and get as much as I can if the switch is going to happen in a couple days. If this timeframe has already changed, sorry like I said trying to catch up

Have a Great Day!

[Alphi]

please see my responses in bold italic.

There's a few issues about PoW which are not clear to me, it would be nice if someone would answer these few questions that I have, since EMC2 is apparently going the way of PoW without any prior deep technical analysis.

1. In a PoW network, transactions are confirmed by peers, who get rewarded for that - this is why they mine. Which convenience have peers in a PoS network to keep their wallets all time open, so that they can confirm transactions? (I understand that for a PoS to work wallets don't need to run all the time, maybe I'm wrong)

PoS uses a system called Staking... you keep your wallet open and stake coins in order to get some revenue. Open wallets with staked coins are the only ones that can generate blocks, ie confirm transactions.

2. What happens to transactions in a little community as the Einsteinium community is at the moment, if only very few peer or even nobody have their wallets running? How would it be possible to confirm transactions? Wouldn't the system collapse in the absence of enough peers?

the rewards given via the staking process ensure that enough wallets are open to confirm all transactions and keep the network humming along.

3. If there are only few peers with an open wallet in a little PoS network like Einsteinium would be, wouldn't that allow some sort of 51% attack become possible for some with a big stake?

yes
In a PoS system 51% attacks can only be conducted by someone who has 51% of the staked coins. (not 51% of the nodes)
as the Mintpal Vericoin wallet hack which almost brought down mintpal and vericoin has proven, an attacker does not need to buy 51% of the coins to pose a real security risk... they need only buy, borrow or steal 30% for it to become a major threat to the network. This is because so many coins are being held on exchanges and thus are not being staked.

4. We are obviously unhappy with the fact that the Einsteinium community has not being growing as fast as we would like, but since most of EMC2 coins have not been created yet and by going PoS the only way to create coins would be to already have some, would this not EVEN MORE slow down the growth of our community? After all, in the absence of any large scale adoption and thus practical use of a coin people who like to mine that coin are probably still many more than people who like to buy it. And if the community does not grow, how do we expect the value of EMC2 to rise? I'm mentioning this in support of my preference of a time-limited mixed PoW/PoS system as to ensure a smoother and safer transition to PoS.

PoS systems by their nature have much slower adoption rates than PoW because you can't simply get some coins by mining. If you want coins then you have to pay, work or beg for them. Traditionally to try and offset this, major stake holders give away coins in order try to get a wider distribution. how this will work with EMC2 where the major stake holders are unknown is anyone's guess

Evrybody is invited to answer to these questions of mine, of course in the interest of us all.

[codmaster]

so whats going on then.....

[ThePeePs]

Is the new code almost ready?  It's been one day shy of week.  Any updates?

[codmaster]

Is the new code almost ready?  It's been one day shy of week.  Any updates?

doesnt look like it, if we do hear anything, will probly be another 10 days........

[codmaster]

 

[Bobsurplus]

If anyone here needs some help with their altcoin trading, you can check out the link in my signature, it's a program that may appeal to a few of you.

Good luck fellow einsteinimites!