Report To The EMC2 CommunityA week into this new management's administration, we have experienced ups, and ups, and ups, and also some downs -- all in stride. Although we are up to the task we know our goals can be realized faster with more assistance from concerned EMC2 community members -- please volunteer some of your time.
Review, Reconcile, Rethink, and RebuilddidAnalyzing -- we looked at all major systems, did comparisons, and ran probabilities to get a good idea of what the true condition of EMC2 was, particularly how it was viewed: in the world of science, in the CC world, and in its own community (introspective).
Assessing -- we determined that in the world of science einsteinium.org was irrelevant, in the CC world EMC2 was insignificant, and in the EMC2 community as a whole EMC2 was hopeless. However, we also determined that EMC2 could regain some core strength if it focused its limited resources on vital areas, most specifically market value. It was then determined that if we could responsibly (no market tricks) increase the worth of the coin by 25% in the span of 3 days it would signal the faint heart beat of a coin regaining consciousness.
Planning -- we determined that with the focused attention of at least 3 committed community leaders it was possible to stop the financial hemorrhaging that was dooming the coin, we believed that if we could show the community that the coin was no longer bleeding that it was possible to reverse its immediate condition over a permissible time. Little did we know that the community would respond so positively to the management change.
Executing -- to date 97% of all relevant EMC2 management material has been provided. The transfer essentially enabled us to provide a clean break from the past, and create a fresh new beginning. The official website is the only relevant item not within our control. Although there remains a trust fund reconciliation issues you (the community) have all of the info we have on it, we are working with what we have access to, of course we will report any material change upon occurrence. If you look around you will notice some small but relevant changes including by not limited to: pg 1 of EMC2 ANN page, and delisting of 2 non performing exchanges from
www.coinmarketcap.com.
In an effort to safeguard EMC2, particularly at this extremely sensitive time of redevelopment we created The Guardians program (see earlier post for more details), this program is a vehicle for those who want to sell large amounts of EMC2 safely, quickly, and privately without negatively impacting any of the public markets.
Mining is a major fundamental component of every coin, we recognize that and have added a new mining pool.
doingOne of the hardest things to do in a voluntary relationship is to get along. Our team is multinational as well as transcontinental, we regard anonymity, and yet are of one mind with respect to the redevelopment of EMC2.
We spend lots of time reading messages, not just from one another but also from various forums and mail services -- we need volunteers to help triage messages. Sometimes intriguing offers are presented, in those cases we look into them and discuss them. Only after a comfortable degree of examination do we consider it for adoption; so far many presentations have risen to that level a couple were rejected, many were approved and now awaiting funding, and some others are in the finalization process. We are constantly considering opportunities for EMC2.
When we did our analysis of 'EMC2 needs' vs 'available human resources', we determined that although our force could handle the coin's actual needs, we new the challenge would be in the 'wants' of the community. We knew the community had grown accustomed to some communication luxuries that our human resources could no longer afford. In addition to volunteers, we are looking into tools that would allow us to post a single message that would travel through multiple media simultaneously.
The EMC2 valuation report is the first tool to help protect the community against damaging pump and dump trickery. On a weekly basis, or whenever PND red flags are recognized we will present to you our opinion as to what we believe EMC2 is worth and why. Over time the report will be less frequent, we don't want to infringe on an honest and free open market.
We are actively compiling a list of contractors (developers and others) to assist in the building of EMC2 please help us add names to the list.
The Report To The Community is provided every 3 to 5 days, once the coin reaches specific level of stability it will be a weekly publication, at about 1000 sat it will likely become a monthly message.
will do We are constantly cleaning up outdated info not just text info but also some of the graphics as well, this pertains to all of the mediums that voice the EMC2 message within our control.
A EMC2 Budget will be created, most of the line items are already in place however since the income side of the equation is so uncertain the expense side is difficult to calculate. We believe that as projects are funded revenue will become more stable and reliable. We are also considering non-taxing revenue streams. For example we will create a store that will allow for the safe purchase of goods and service with EMC2, we will also have an escrow service that will allow for the movement of EMC2.
We believe EMC2 is spread too thin across the public markets rendering it vulnerable, in that light we are trying to communicate with AllCoin, and Atomic Trade exchanges to have EMC2 delisted only at their exchanges.
There will be many times in which we will present the community with voting opportunities, as such we are designing voting protocols and procedures so that when those times arrive we will be ready.
We are experiencing some technical difficulties at the finalizing stage for the first of a few multi-sig wallets for funds disbursement by mgmt.
We are reaching out to Poloniex about our sponsorship of a EMC2 giveaway, we believe this is a healthy marketing tool for EMC2.
We want to provide ongoing outreach to schools for project and sponsorship opportunities, we need volunteers to maximize the effort.
The voter approved POS conversion initiative will be implementation as soon as funds are responsibly budgeted for the effort. There are a number of other code changes that will occur at that time as well, like reducing the number of confirmation needed to clear wallet funds.
wishlist Our wishlist highlights items that will make our jobs easier ie: comprehensive blockchain explorer, and paper wallet generator, of course our greatest wish is for volunteers.
