[ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread

[ethercoin.cc]

UPDATE: Redemption Requests can now be submitted on ethercoin.cc   .

Ethercoin (ETC) PoS coin
Redeemable 1:1 for ethers



Ethercoin is a proof-of-stake blockchain with a fixed supply of coins provably backed by REAL ethers purchased from the Ethereum sale (see proof of reserves). Each Ethercoin is worth 1 ether. Ethercoin was created so that people who missed out on the official etherum sale will be able to buy ethers.
Please note that Ethercoin is not affiliated with the official ethereum team and any use of content relating to ethereum.org is for informational purposes only.


Links:

Official Website: http://ethercoin.cc
Block Explorer: http://explorer.ethercoin.cc/chain/Ethercoin

Proof that we hold 1,000,000 Ether in Reserves: http://explorer.ethercoin.cc/static/reserves.html


Specs:

Total coins: 1,000,000
100% Proof of Stake
0% Inflation
Block time: 60 seconds

Redemption Ratio: 1:1 for ethers

Wallets:
Mac OSX v1.1 http://explorer.ethercoin.cc/static/ethercoin-v1.1-osx.zip
Windows v1.1 http://explorer.ethercoin.cc/static/ethercoin-v1.1-win.zip
Ubuntu Linux v1.1 http://explorer.ethercoin.cc/static/ethercoin-v1.1-ubuntu.zip
Github Source http://github.com/ethercoin/ethercoin


We are giving away 25 ETC to the first 40 35 25 20 10 people to PM us with an Ethercoin address
(don't post your address in the thread due to anti-spam rules).  
The giveaway has now ended.


Sale:

Please PM us if you would like to buy Ethercoins.


Escrow:

If you wish to use an escrow service for your purchase, please contact your escrow provider of choice, and then PM us to arrange it. The escrow provider must hold the BTC and ETC, and only forward the BTC to us when the ETC have been converted into ethers. The ETC must stay in the escrow providers' address until the genesis block and cannot be moved before then.

We are currently using bitrated.com for all escrow purchases. There is a 5BTC minimum purchase required for escrow..

Redemption info:

Ethercoins will be redeemable for real ethers as soon as the Ethereum blockchain launches (Q1 2015 estimated),  A Redemption address will be provided by our website.  Holders will send Ethercoins to the redemption address, and they will receive Ethers in return.



Terms:

Ethercoin.cc is not responsible for any holders' loss or destruction of their ethercoins (i.e. lost wallet passwords, lost private keys, etc) or any technical error they may experience. All ethercoin holders should comply with the terms and agreements of the official ethereum website and their product agreement.

In the event of a hard-fork or technical failure related to the PoS blockchain, ethercoin.cc will remedy the situation, and honor the ethercoin balances as listed by the last healthy block. Users should recognize that cryptocurrency software is highly experimental. By using our software you agree not to hold Ethercoin.cc responsible or accountable for any damages, losses, or misfortunes that you may experience by using ethercoin; if you do not agree to this then do not use our software.

IMPORTANT: This is a self-moderated thread.  We will not moderate any legitimate discussion or concerns, but trolling and spam posts will be removed.  Posts that use large fonts and colors will be removed.  Please stick to standard forum font only.  

FAQ:

Q: What is the tx fee to send ethercoins?
A: The tx fee to send ethercoins is 0.1 ETC.  (An equivelant of about $0.03 at the time of writing.)  The fee will be adjusted accordingly as required.


Q: How do I know you'll actually redeem my coins? (i.e. Is this a scam?)
A: We are large ether holders (aside from what we are offering for ethercoin) and want to help stabilize the ether market and provide price discovery for the benefit of all ether holders. We are strong believers in the Ethereum vision and hope to see it succeed. Failing to redeem would not be in our interest as it would hurt the Ethereum economy which we are heavily invested in.  If you still don't feel comfortable with purchasing Ethercoins directly from us, you can use escrow.

Q: Will you accept an Escrow purchase?
Yes. We are currently using bitrated.com for all Escrow purchases.  


Q: I lost my ethercoin password, or I forgot to backup my wallet and my laptop exploded, or my computer got hacked.
A: We can't help you.  Make sure you back up your wallets and remember your passwords.

[1715452298]

1715452298

[1715452298]

1715452298

[V500]

how should a blockchain be running with no interest? Isn't even possible.

[ethercoin.cc]

how should a blockchain be running with no interest? Isn't even possible.

We have a set amount of 1 million coins that are backed by 1 million ethers.  The redemption ratio is 1:1. We cannot have any interest because that would affect the redemption ratio, which we want to keep at 1:1.  And yes, it is of course possible.

[V500]

how should a blockchain be running with no interest? Isn't even possible.

We have a set amount of 1 million coins that are backed by 1 million ethers.  The redemption ratio is 1:1. We cannot have any interest because that affect the redemption ratio, which we want to keep at 1:1.  And yes, it is of course possible.

no interest = no incentive to stake = no nodes = no network

do i miss something?

[rigdeer]

how should a blockchain be running with no interest? Isn't even possible.

We have a set amount of 1 million coins that are backed by 1 million ethers.  The redemption ratio is 1:1. We cannot have any interest because that affect the redemption ratio, which we want to keep at 1:1.  And yes, it is of course possible.

no interest = no incentive to stake = no nodes = no network

do i miss something?

Just wait for more information from the dev.

[ethercoin.cc]

no interest = no incentive to stake = no nodes = no network

do i miss something?

Great question.  We are running nodes, and will maintain a majority of the coins on nodes we control.

[adoalli]

Give me a reason to choose this

[ethercoin.cc]

Give me a reason to choose this

We think that Ethereum is going to be an amazing technology.  If you missed the Ethereum sale and still want to buy ethers, this is how you can do it.

[karlb187]

good  luck with your coin 

[ethercoin.cc]

We are giving away 25 ETC to the first 40 people to PM us with an Ethercoin address.  Your account should have a minimum of 25 posts to qualify.

[majeis]

Is this some kind of elaborate method to offload existing shares of the Ethereum IPO at above sale price?

What's the point of this otherwise?

[ethercoin.cc]

The point of Ethercoin is to allow people who missed the Ethereum sale to buy ethers.

(By the way, Ethereum technically did not have an IPO, it did a product sale.)

[majeis]

The point of Ethercoin is to allow people who missed the Ethereum sale to buy ethers.

(By the way, Ethereum technically did not have an IPO, it did a product sale.)

It's just a marketing buzzword semantic difference, really, but you didn't answer my question fully.

[gelovy]

Good idea - love it!
Moment you will had Ethercoin to one of the biggest exchange (Bittrex, Poloniex or Mintpal) i will invest some BTC.

[Vandalay23]

Good idea - love it!
Moment you will had Ethercoin to one of the biggest exchange (Bittrex, Poloniex or Mintpal) i will invest some BTC.

Meanwhile, I offer escrow service.

PM me if interested.

[iluvcrypto]

I have send you a pm now. Thanks

P.s- can't seem to get the Mac version working so i have used the Windows wallet.

[askcoin2]

What is algo?

[ethercoin.cc]

I have send you a pm now. Thanks

P.s- can't seem to get the Mac version working so i have used the Windows wallet.

The Mac client works on all of our test systems. What version of OSX are you running? What problem is it? please PM us.

PS. Your coins were sent.

[Ancep]

I received my Ethercoin from the giveaway, thank you very much!

I'm a big supporter of the Ethereum project itself, so I'll definitely be keeping an eye on this coin. Best of luck with your launch!

[askcoin2]

Ok, wallet works fine.
I hope to get 25 ETC.

[ethercoin.cc]

All good questions.

You know they are ours because we have signed a message with the private keys that purchased the ether.

Our logo is slightly different then the Official Ethereum logo, but if there is a problem we'd be happy to change it. As it stands now its for informational purposes only, and the Ethereum team may actually like the fact that a second market has opened for ethers, to improve stability and price discovery.

As for 'will we be around in 6 months'? Yes. We will. 

We are large holders and want to do all we can to grow the Ethereum community and ecosystem.  If we disappeared it would mean that all our buyers wouldn't be part of the community that we are invested in and incentivized to grow. We'd be hurting ourselves and our other ether holdings which are much larger then what we have for sale right now.

[ethercoin.cc]

Ok.

However, you haven't answered the question about the Escrow - who holds the Ethers, or the Ethereum json wallets provided at time of purchase,  that are being put in collateral for each Ethercoin?

Right.  We hold the Ethers and wallets and private keys that were used to purchase the Ethers. We can prove this is true because of the way the Ethereum sale worked.  The private keys of the intermediate bitcoin address that was used to purcahse the ethers, are the same private keys used to generate the ethereum addresses.

By signing the messages with the private keys of the intermediate bitcoin address that was used to purchase the ethers, we are proving that we owned the bitcoins that were used to purchase the etheres, and therefore, we have access to those ethers because the ether addresses are generated from the same private keys.

Hope that clears things up

[ethercoin.cc]

Ok.

However, you haven't answered the question about the Escrow - who holds the Ethers, or the Ethereum json wallets provided at time of purchase,  that are being put in collateral for each Ethercoin?

Right.  We hold the Ethers and wallets and private keys that were used to purchase the Ethers. We can prove this is true because of the way the Ethereum sale worked.  The private keys of the intermediate bitcoin address that was used to purcahse the ethers, are the same private keys used to generate the ethereum addresses.

By signing the messages with the private keys of the intermediate bitcoin address that was used to purchase the ethers, we are proving that we owned the bitcoins that were used to purchase the etheres, and therefore, we have access to those ethers because the ether addresses are generated from the same private keys.

Hope that clears things up

It does.  

However, if I understand correctly, they are not held in "trust".  ie: you have not given control of the Ethereum to a third-party.  Investors in Ethercoins have to ensure themselves that you will not run away with both the Ethers and the Ethercoins...  You have to find a way to re-assure investors in Ethercoins that the collateral coins (the Ethers) are held in a place that you can't access.... which I find difficult, given the fact you have a copy of the wallets and the password for them, and there is no way (at the moment - until the Ethereum network is up and running) to transfer the Ethers to an Escrow address.

Ah yes.  We already addressed this in our FAQ:

Q: How do I know you'll actually redeem my coins?
A: We are large ether holders (aside from what we are offering for ethercoin) and want to help stabilize the ether market and provide price discovery for the benefit of all ether holders. We are strong believers in the Ethereum vision and hope to see it succeed. Failing to redeem would not be in our interest as it would hurt the ethereum economy which we are heavily invested in.

If you aren't comfortable with this, then we can arrange an ESCROW service to do the transaction.

[ethercoin.cc]

If you aren't comfortable with this, then you wouldn't want to purchase Ethercoins.

No. Not really... sorry - you will have to provide better Escrow "insurance"...   

We already have purchasers who are comfortable with the fact that we are incentivized to redeem and not disappear.

However, If you would like to make a purchase we can use a trusted 3rd party Escrow such as John K. He will hold the BTC and will only send to us when we redeem you coins. You would be responsible to pay all escrow fees.

PM us if interested.

[sdersdf3]

We are giving away 25 ETC to the first 40 people to PM us with an Ethercoin address.  Your account should have a minimum of 25 posts to qualify.

where can we download the wallet

[axxo]

We are giving away 25 ETC to the first 40 people to PM us with an Ethercoin address.  Your account should have a minimum of 25 posts to qualify.

where can we download the wallet

Check OP for the download link of the wallet.

By the way I just received my coins, thanks ETC dev.

[iluvcrypto]

Hmm.. why was my post with the Mac wallet error deleted?   Is that resolved for MAC?

[ethercoin.cc]

Hmm.. why was my post with the Mac wallet error deleted?   Is that resolved for MAC?

New wallet build will be uploaded today.  You will need OSX 10.9 for it to work.

[Robert_x]

https://www.bittrex.com/Market/Index?MarketName=BTC-ETC

It looks good.

[doriangray]

https://www.bittrex.com/Market/Index?MarketName=BTC-ETC

It looks good.

Indeed, but the market has no activity at the moment.

[doriangray]

Just recieved 25 coins

Received my coins too. That was fast! 

[ObscureBean]

Thanks a lot guys! I've received my 25 coins
There's only 1,000,000 coins around, the price should be at the very least 90k sat. And now that ETC is on Bittrex, if people are a little patient I can see this reaching 150-200k sat and beyond over the next few days. Hold on to your coins guys!  

[atv]

Ok, wallet works fine.
I hope to get 25 ETC.

yeah mine is workin well 

[Mover86]

I'm waiting for Dark Ether to come out. Count me in then.

[liu405]

Total coins: 1,000,000

so  the 25 coins is more, i want to get some, and want to know that  is the quota full now?  the address has sent you bu pm.

good luck for me .

[iluvcrypto]

Hmm.. why was my post with the Mac wallet error deleted?   Is that resolved for MAC?

New wallet build will be uploaded today.  You will need OSX 10.9 for it to work.

Got you pm with the MAC link. Thanks

[chukiduck]

Sent PM

Haven't received any coins yet...

[atv]

Total coins: 1,000,000

so  the 25 coins is more, i want to get some, and want to know that  is the quota full now?  the address has sent you bu pm.

good luck for me .

well got the wallet but not the 25 coins yet so it may be 2 late...not sure tho

[robstak]

This coin seems interesting and definitely worth supporting.

[atv]

thx dev i received my 25 coins

[BEECoinfan]

Thanks Dev, received my 25 ether after PM yesterday! 

[hobitcoin]

Wow, this is nice ... ethercoin ... a coin before ethereum ... cool, I'm in ... good job and thanks to the dev. ...

[RUNNY]

Thanks Dev, received my 25 ether after PM yesterday! 

Hi
My Ethercoin address: EdmHD74dtCBPtvrmVuaptcGK3mE5KMpzAJ
Thanks

Sent PM (September 28, 2014)
Haven't received any coins yet...

[crptorob]

PM Sent

Wallet sync

Good luck

[liu405]

OK  today i received the coins,,
en  the next  i hope there will some trading platforms can select  this coins. and  the  community held some activities, such as games、 lottery
，to add the  activity of the member

[d-trix]

I have received 25 coins, no doubt this is totally legit. Thanks a lot ETC team!

[hobitcoin]

Just to confirm ... I already received 25 Ethercoin ... thanks ETC dev. ... really appreciated ... and success ...

[chukiduck]

So I guess I'm the only one who hasn't receive any coin...

[crptorob]

Wallet still empty 

PM sent october 1   

[ethercoin.cc]

Wallet still empty 

PM sent october 1   

you need a minimum of 25 posts to qualify

[francism]

Ethereum bears so much potential, the current discounted price for each redeemable coins is quite an offer.

[kennyclaw]

This coin looks interesting

[crptorob]

Wallet still empty 

PM sent october 1   

you need a minimum of 25 posts to qualify

Okay too bad for me, i must have missed something while reading, thank for the reply.

[phillert]

Cool! Can't wait to get my EtherCoins

[bitcoinBull]

So the client is a blackCoin fork, correct? Does the client show what the current block height is?

[ethercoin.cc]

So the client is a blackCoin fork, correct? Does the client show what the current block height is?

Open the debug console, and type getinfo

You can also just check the block explorer.

[phillert]

I pm'ed you, when should I expect the coins?

Thnx

[ethercoin.cc]

I pm'ed you, when should I expect the coins?

Thnx

check your wallet

[phillert]

I pm'ed you, when should I expect the coins?

Thnx

check your wallet

Got it! Thanks

[xyz]

Thanks for the coins, @ethercoin.cc!
Good luck!!!!!!!!!!!!

[AminerMiner]

sent pm.. hope im stil on time to catch some ETC 

[btcxyzzz]

Give me a reason to choose this

We think that Ethereum is going to be an amazing technology.  If you missed the Ethereum sale and still want to buy ethers, this is how you can do it.

So you're practically selling your portion of ETH at 33% discount rate, while believing ETH is amazing technology. What is your benefit here?

[ethercoin.cc]

Give me a reason to choose this

We think that Ethereum is going to be an amazing technology.  If you missed the Ethereum sale and still want to buy ethers, this is how you can do it.

So you're practically selling your portion of ETH at 33% discount rate, while believing ETH is amazing technology. What is your benefit here?

It is only a 33% discount in USD$ because of the exchange rate, not in BTC terms.

[Pofick]

I want buy 30 Ethercoins. How can I do this?

[ethercoin.cc]

I want buy 30 Ethercoins. How can I do this?

Please check your PM.

[skeet]

Love the Ethereum concept, it has the potential to be game changing. This is a good opportunity to acquire some Ethers especially those who missed its ICO. 

[Crypto_Wolf]

has this coin anything to do with the ethereum project?

[Crypto_Wolf]

has this coin anything to do with the ethereum project?

I will take that as a no

[iluvcrypto]

has this coin anything to do with the ethereum project?

I will take that as a no

yes, Redeemable 1:1 for ethers


@Dev,

Have the 25 coins give-away coins been send? thanks

[ethercoin.cc]

has this coin anything to do with the ethereum project?

Read the OP, and our website. We are not affiliated with the official ethereum project.

[atchoum6760]

Hi dev
I  PM us with my Ethercoin address .
thx

[marcelus]

Anyone selling off-exchange? PM me.

[Jonesd]

has this coin anything to do with the ethereum project?

I will take that as a no

yes, Redeemable 1:1 for ethers


@Dev,

Have the 25 coins give-away coins been send? thanks

Same question here

[xyz]

I wanted to buy some coins - but no answer too for my pm!

[murders10]

sent pm  Price looks good already . will buy some for sure 

[ethercoin.cc]

The giveaway period has ended.  Thanks everyone for your interest.

For anyone who missed the Ethereum sale and still wants to buy ethers, PM us.

[atchoum6760]

I invest in Ethercoins because i thinks this coin have a good futur andsdev is serious.
Good luck.
thx

[4M8B]

I invest in Ethercoins because i thinks this coin have a good futur andsdev is serious.
Good luck.
thx

Altcoin-land made a man with one leg from me and the second starts hurting
I hope this is not scam because I'm going crasy then

[4M8B]

Are you planning 2 go 2 other exchanges than bittrex 2

[theironman]

People should wait for the real Ethereum to launch. Really.

[ALBORCA]

i would buy now this is the last time u will see this at 50 60 cents mark

[4M8B]

People should wait for the real Ethereum to launch. Really.

Yeah I'm waiting because I wanted to sell half my reddcoin stash for this, but I don't dare it anymore, changed my thoughts because I had to much ill luck

[TXTCLA55]

People should wait for the real Ethereum to launch. Really.

Yeah, it may be far away, but at least I'll have my Ether when the day comes.

[ethercoin.cc]

I'm confused can't you still by ether in a secure decentralized way on the NXT asset exchange?
https://trade.secureae.com/#15614331038940083829 and avoid having to put trust in these guys?

This token on the NXT exchange is not backed by any real ether. It is a totally fake coin.  Ethercoin is backed by real ethers from the ethereum sale.  See proof of reserves here: http://explorer.ethercoin.cc/static/reserves.html

[spiraltmv]

I'm confused can't you still by ether in a secure decentralized way on the NXT asset exchange?
https://trade.secureae.com/#15614331038940083829 and avoid having to put trust in these guys?

This token on the NXT exchange is not backed by any real ether. It is a totally fake coin.  Ethercoin is backed by real ethers from the ethereum sale.  See proof of reserves here: http://explorer.ethercoin.cc/static/reserves.html

Okay, thanks, and when the launch begin? In the marketcap does not exist the Ethers just the Ethercoin and is was launched on the 3rd of October... Thanks!

[ethercoin.cc]

Ethereum says sometime around Q1 2015.

[luuupooo]

Ethereum says sometime around Q1 2015.

hey
i have a question. how can you proof to all the ethercoin holders, that when the real ethereum is coming, you really change them for ethercoins? if i now buy some ethercoins from you, how can i be sure that i will get ethereum 2015 from you?
cheers

[ethercoin.cc]

Ethereum says sometime around Q1 2015.

hey
i have a question. how can you proof to all the ethercoin holders, that when the real ethereum is coming, you really change them for ethercoins? if i now buy some ethercoins from you, how can i be sure that i will get ethereum 2015 from you?
cheers

If you don't trust us, you can use escrow. PM us to arrange that.

[ethercoin.cc]

Yeah, I just heard of this for the first time today.  I can't wrap my mind around why anyone would want this coin other than pure speculation.  No incentive to mine.  Yet, someone assures us that the devs have miners set up and will mine...  So, in other words, a centralized coin?  Buy a token to exchange for the real thing?  So, the person who holds the real thing has to exchange their real coin for the token?  What?  This coin makes zero sense to me.  I think it's just passing through this end of crypto market caps on it's way down - way down. 

Z

This is a way for people who missed the Ethereum Sale to buy ethers. We are basically just re-selling the ether stock we have before the launch occurs.  We have proof-of-reserves so you know we have as many ether as we say we do.  If you don't trust us, you can purchase Ethercoins with a trusted escrow provider.

[GrounBEEFtaxi]

I am definitely interested.  But I wish to buy at least a 1000 ETH.  I would definitely like to know about where to escrow this just to be on the safe side........unless I can get a good guarantee that you guys have good intentions.  I am willing to take the chance because I believe in the Ethereum project and wish to be on the ground floor and support.

[ethercoin.cc]

I am definitely interested.  But I wish to buy at least a 1000 ETH.  I would definitely like to know about where to escrow this just to be on the safe side........unless I can get a good guarantee that you guys have good intentions.  I am willing to take the chance because I believe in the Ethereum project and wish to be on the ground floor and support.

We're more then happy to use escrow.

Please PM us to arrange it.

[deephouse]

Okay, I have received some ETC. What can I do with it and can I sell them?

[ninjaskip]

Hi,

They only way to buy them is thru here? No exchange?

Thanks.

How come is listed @coinmarketcap if your coin is not in any exchange?

[sn@tch]

Hi,

They only way to buy them is thru here? No exchange?

Thanks.

How come is listed @coinmarketcap if your coin is not in any exchange?

https://bittrex.com/Market/Index?MarketName=BTC-ETC

[ninjaskip]

Hi,

They only way to buy them is thru here? No exchange?

Thanks.

How come is listed @coinmarketcap if your coin is not in any exchange?

https://bittrex.com/Market/Index?MarketName=BTC-ETC

Thanks!

Are you still selling 1000 for a 1 bitcoin?

[paulpaschos]

***Assuming for a minute that you are not a scam***......

Thank you for providing price discovery. 

Would you be willing to offer bounties for getting listed on other exchanges?

[robzxxx]

what the mean redeamble 1:1 ?? thanks

[PhilipMorris]

What's going on?

Ethercoin (ETC)
$ 32.53 (4521.16 %)
0.08630530 BTC (4629.23 %)


??

[kjn311]

What happen?

[ninjaskip]

What happen?

The usual   

[kjn311]

What happen?

The usual   

Yea but up to $32. Insane.

[darylluke]

Time
11/18/2014 04:20:26 PM
24hr high
0.09999999 BTC
24hr low
0.00181000 BTC
BTC Vol
3.89385830 BTC
ETC Vol
1766.30544306 ETC<--------------------------P&D.

[spookycoins]

Whoa.

[Momimaus]

So it´s basically about the 1 million coins you have right?
No coins go outside or come in, it´s just the 1 million assets backed by your coins?
So no one else can dump their coins.

[GhostPlayer]

wow... this stinks so bad... 

[Format.C^]

Ethercoin (ETC)                     Market Cap               Volume (24h)    
$ 32.61 (4530.06 %)             $ 32,611,400            $ 1,471 (4 BTC)

MUHAHAAAaaaa  
I'm very, very impressed! )))

[pedrosoft]

Incredible ! 😳

[systh]

Interesting. Thanks for the opportunity Ethercoin.
I did sure miss Ether sale, so this is nice.

The whole Etherium project seems amazing, I can't wait till its out.

Hi,

They only way to buy them is thru here? No exchange?

Thanks.

How come is listed @coinmarketcap if your coin is not in any exchange?

https://bittrex.com/Market/Index?MarketName=BTC-ETC

Thanks!

Are you still selling 1000 for a 1 bitcoin?

I wonder the same.

[bitcoin_bagholder]

what the mean redeamble 1:1 ?? thanks

It means they promise to send one real ether for each ethercoin once real ether is released.

[kyma]

this is not blatant scam? 

[Momimaus]

this is not blatant scam? 

not sure, but looks like will only know at Q1 2015

[ethercoin.cc]

The volume on the exchange is very thin.  That means if there aren't a lot of asks and someone buys them all, the price will go up. 

Clearly, we can't control what people do on the exchange.  If more volume comes in the there will be less volatility.

[ethercoin.cc]

this is not blatant scam? 

If you want to buy using a trusted escrow, we are happy to do so.

[GhostPlayer]

this is not blatant scam?  

If you want to buy using a trusted escrow, we are happy to do so.

Seriously? Who? And they will hold each other's coins for how long? At which price? locked until the actual Ether release?
c'mon, jeeeezuz ...  

 Cant wait for an official statement by the actual Ethereum dev team.

[paymenow]

 Cant wait for an official statement by the actual Ethereum dev team.

Ethereum warned people about secondary markets - like Ethercoin - in their forum.

https://forum.ethereum.org/discussion/1517/sell-ethercoin

We're aware of a number of so called 'second markets' for ethereum that have automagically sprung up in the last few days.

It's impossible to trade ether either during or post ether sale. The reason is as simple as it is obvious: if Alice tries to sell her wallet to Bob, what tells Bob that Alice has not kept a copy of her wallet somewhere? Nothing, its impossible to prove, and therefore it's impossible to safely trade ether pre-genesis.

Thank you to the many people who have reported this.

[ethercoin.cc]

this is not blatant scam? 

No.

If you don't trust us, we can use escrow if you'd like. See 1st post for details.

[ethercoin.cc]

 Cant wait for an official statement by the actual Ethereum dev team.

Ethereum warned people about secondary markets - like Ethercoin - in their forum.

https://forum.ethereum.org/discussion/1517/sell-ethercoin

We're aware of a number of so called 'second markets' for ethereum that have automagically sprung up in the last few days.

It's impossible to trade ether either during or post ether sale. The reason is as simple as it is obvious: if Alice tries to sell her wallet to Bob, what tells Bob that Alice has not kept a copy of her wallet somewhere? Nothing, its impossible to prove, and therefore it's impossible to safely trade ether pre-genesis.

Thank you to the many people who have reported this.

Be careful what you say about these guys,  They deleted my last comment about a similar asset being on the Nxt exchange.

The NXT asset does not have a proof-of-reserves.   This thread isn't a promotional tool for people who want to make fake NXT assets and spam them here.

[ethercoin.cc]

A word of warning.  I asked these guys if they would do escrow via pm and never got a response.

We saw your msg and replied.

[ethercoin.cc]

A word of warning.  I asked these guys if they would do escrow via pm and never got a response.

Yeah this thread is a scam, should be reported.
Has no link with ethercoin devs.
If you want to loose a bitcoin then here is the right place.

As we've said many times, if you don't trust us, we're happy to use escrow.  Posting over and over that this is a scam is not very constructive dialog for this thread. See 1st post for our moderation policy. If there is a legitimate concern in your post that hasn't already been addressed earlier in the thread let us know.

[ethercoin.cc]

this is not blatant scam?  

If you want to buy using a trusted escrow, we are happy to do so.

Seriously? Who? And they will hold each other's coins for how long? At which price? locked until the actual Ether release?
c'mon, jeeeezuz ...  

 Cant wait for an official statement by the actual Ethereum dev team.

See the 1st post for details.  The Escrow provider will hold the BTC and ETC, and only forward the BTC once the ETC is converted into real ethers.  We're willing to work with the buyers' own escrow providers as long as they're reputable.

[semiel]

Impossible to be a scam since we're happy to use escrow.

It's worth pointing out that there is a common scam where people offer two services: one is trust-free and can't be a scam, and the other requires trust. They use the legitimacy of the first in order to convince people to use the second, and then run off with the second group's money.

I'm not saying that's what you're doing here, but it makes me nervous that you aren't defaulting to escrow in all cases.

[ethercoin.cc]

Yeah i got a few comments deleted too 
This thread stinks.

Please see our moderation policy on the 1st post.  We moderate trolling, spam, and 'scam11!1!' posts (especially since we have answered that concern in the FAQ)

[ethercoin.cc]

Impossible to be a scam since we're happy to use escrow.

It's worth pointing out that there is a common scam where people offer two services: one is trust-free and can't be a scam, and the other requires trust. They use the legitimacy of the first in order to convince people to use the second, and then run off with the second group's money.

I'm not saying that's what you're doing here, but it makes me nervous that you aren't defaulting to escrow in all cases.

Thanks for your input.  We would be happy to use escrow in all cases, but also saw lots of demand from people who wanted to move their coins around.  We do  address this concern in our FAQ for people who choose not to use escrow.

[ethercoin.cc]

Just curious ..  Would you mind showing your personal holdings on the ethercoin.cc website too.
The reason being that people would know that you indeed have an even larger reserve that you intend to keep and that your interest in the real ether coin is as much as anyone else who holds the ethercoin that you have  sold.

We won't be posting our personal holdings at this time. But we can consider it for the future.

[johny08]

Just curious ..  Would you mind showing your personal holdings on the ethercoin.cc website too.
The reason being that people would know that you indeed have an even larger reserve that you intend to keep and that your interest in the real ether coin is as much as anyone else who holds the ethercoin that you have  sold.

We won't be posting our personal holdings at this time. But we can consider it for the future.

That would shoot the price up .. Just Saying .

you pay now double to three times the price of initial price. And count the rist involved in this anonymous product you have to give trust into, so its beyond good and bad.

Just run away, the best you can do here.

[ethercoin.cc]

you pay now double to three times the price of initial price. And count the rist involved in this anonymous product you have to give trust into, so its beyond good and bad.

Just run away, the best you can do here.

Since they missed the original sale the price is higher.  When ethers start trading freely, the price will be higher still if there is lots of demand.

As for risk, we are happy to use escrow to deliver the ethers if you are worried about that.

[Digdaga]

Can someone post some nodes for .conf file, as i am getting zero connections to the network.

thanks,

[ethercoin.cc]

Can someone post some nodes for .conf file, as i am getting zero connections to the network.

thanks,

here are some peers currently connected:
80.187.102.103
137.135.60.162
66.172.12.110
66.172.27.37

[BitcoinNational]

how should a blockchain be running with no interest? Isn't even possible.

really good question, question #1 on day 1

also what happens to this coin after redemption?

In theory a 0% pure stakes coin would be interesting to watch (maybe I don't want to redeem) especially if the redeemed lot gets burned.

[ethercoin.cc]

how should a blockchain be running with no interest? Isn't even possible.

really good question, question #1 on day 1

also what happens to this coin after redemption?

In theory a 0% pure stakes coin would be interesting to watch (maybe I don't want to redeem) especially if the redeemed lot gets burned.

There will be a redemption period will be a finite amount of time.  Coins that aren't redeemed won't have much use afterwards.

[illdeletethis]

if ethereum, once released, continues the per unit price of ethercoin it would be the 4th largest coin market cap already, right behind litecoin

[stechkin88]

Can you place the dollar value on 1 ether after the Ethercoin exchange 1:1?
What is the incentive of holding ethers?
What will be the stake if any and how often it will be paid?
From the simple investment in the ethercoin, what can be expected in return after 1:1 conversion?
I am not skeptical, it just a little bit hard to understand all applicability of the Etherium especially when it is not complete and in development stage. Sorry for asking dumb questions, but I don't like to make an investment which I cannot fully understand. 

[ethercoin.cc]

Can you place the dollar value on 1 ether after the Ethercoin exchange 1:1?
What is the incentive of holding ethers?
What will be the stake if any and how often it will be paid?
From the simple investment in the ethercoin, what can be expected in return after 1:1 conversion?
I am not skeptical, it just a little bit hard to understand all applicability of the Etherium especially when it is not complete and in development stage. Sorry for asking dumb questions, but I don't like to make an investment which I cannot fully understand. 

It's impossible to know what the dollar value of ethers will be when the ethereum network launches.

[MintyBit]

I'd be interested if an escrow is involved. Also the Co-Pay Beta might be a good way to facilitate this. How would I go about this?

[ethercoin.cc]

I'd be interested if an escrow is involved. Also the Co-Pay Beta might be a good way to facilitate this. How would I go about this?

Please PM us to discuss a purchase.

[Momimaus]

I don´t get it.

Have you sold the 1000000 ETC, and they are now traded at bittrex?
Or do you still sell ETC for a fixed price?

If 2nd, what price?

And if someone uses escrow, he can´t really trade at bittrex, cause the ETC won´t delivered to him, isn´t it?

[Serge V.]

Trustworthy MultiSig escrow scheme for your purchases in which seller and buyer can't have any motivation to cheat each other (tested on DOGE):

1. Escrow agent creates 2-of-2 MultiSig address from Buyer and ethercoin.cc pubkeys.
2. Buyer sends 2x coins to MultiSig address (buyer collateral + buyer payment for Ether).
3. ethercoin.cc sends 1x coins to MultiSig address (ethercoin.cc collateral).
4. ethercoin.cc sends ETC to buyer.
5. Buyer converts ETC to Ether after it launch.
6. Escrow agent prepares 1x coins tx from MultiSig address to buyer (buyer collateral) and 2x coins to ethercoin.cc (ethercoin.cc collateral + buyer payment for Ether).
7. Buyer and ethercoin.cc checks and signs tx, 1x coins goes back to buyer and 2x coins goes to ethercoin.cc.

ethercoin.cc is interested to provide for buyer possibility of converting ETC/Ether because he can lose an amount equal to value of the Ether.
Buyer is interested to release the funds (he is free to do anything with his ETC), otherwise he can lose an amount equal to value of the Ether.

Choose 2-of-3 MultiSig escrow scheme if You want to add opportunity of arbitration. It will also protect you from losing, if one of the parties will disappear.

[Serge V.]

Assuming that ethercoin.cc has not paid anything for his ETC (pre-mined).  Then his collateral (2x the escrow) is worth nothing...

ethercoin.cc gets buyer's btc only after buyer will fully satisfied and has signed the tx.

Sorry, but your system doesn't work.  Even worse, the buyer would put 2X the BTC required to buy this coin than he should have.

No, actually buyer's collateral is 1x BTC (same as ethercoin.cc) because he can sell his ETC on exchanger for other 1x BTC.


Even more, if choose 2-of-3 MultiSig escrow scheme, buyer will double his BTC if ethercoin.cc will fail to provide for him possibility of converting ETC/Ether.

[bitcoinreviews]

Poll: Which coin will see the biggest gains % wise in 2015?

http://casabitcoin.com/m/poll/&action=show_poll_info&id=6

VOTE ETHERCOIN!!! 

[ethercoin.cc]

I don´t get it.

Have you sold the 1000000 ETC, and they are now traded at bittrex?
Or do you still sell ETC for a fixed price?

If 2nd, what price?

And if someone uses escrow, he can´t really trade at bittrex, cause the ETC won´t delivered to him, isn´t it?

When we launched we had a fixed price because the BTC exchange rate was relatively stable.  Now that it's dropped significantly, we have to  negotiate a price on a case-by-case basis.  If you are interested in buying, you should PM us to discuss a price point.

Yes, if you use escrow, you can't trade it or sent it to anymore.  You will receive your Ethers on the day the genesis block launches via escrow.

[chinchs]

I don´t get it.

Have you sold the 1000000 ETC, and they are now traded at bittrex?
Or do you still sell ETC for a fixed price?

If 2nd, what price?

And if someone uses escrow, he can´t really trade at bittrex, cause the ETC won´t delivered to him, isn´t it?

When we launched we had a fixed price because the BTC exchange rate was relatively stable.  Now that it's dropped significantly, we have to  negotiate a price on a case-by-case basis.  If you are interested in buying, you should PM us to discuss a price point.

Yes, if you use escrow, you can't trade it or sent it to anymore.  You will receive your Ethers on the day the genesis block launches via escrow.

How many coins did you sold? Fixed price should be in USD now? how much aprox?

[Suliman]

How can I buy?

[pragmatic gut]

Does anybody know how long it will take Ethereum to go from POW to POS after launch?

What is the mining reward?

[Gumbork]

whats the point of this coin?, to be backed by your ethereum holdings? any features?

[mcplums]

I would also like to know how to buy this coin?

[MintyBit]

Does it bother anyone that there is no real price discovery in this "market"? There's no competition from miners, just one supplier... so the price can get driven up ridiculously because there's only one seller... Between the risk that they may not deliver and walk away (tons of counterparty risk) the fact that ETH will be very available and plentiful upon launch, and mining will be ready to rock and roll, and maybe even multi-mining for profit where people sell right away... I just don't see it.

[pragmatic gut]

ETC offers the speculator an advantage in the short run once the Ethereum goes live. The time between Ethereum goes live (February) and the time it takes for Ethereum to set a coin/or exchange and the time it takes for holders of Ethereum to get a wallet and have it available for trading may seem like an eternity.

ETC allows those who did not get in early to get in now.

It will be interesting.

Who knows how long it will be for Ethereum to start trading outside of the ETC/Bittrix gateway?

Ethereum as a culture is not particularly concerned about the coin as they are about the tech IMO.

[pragmatic gut]

I see the risk. Yes it is a risk.

Those who buy now and take that risk might be rewarded for that risk once Ethereum goes live and there is no other place to purchase it in the short run.

As those who decide to convert over to Ethereum and it proves to be for real ... then .... the price will respond.

...

there will be plenty of Ethereum .... but not necessarily right away .......

... it is a new approach ... novel ...

... we will see

[chinchs]

I see the risk. Yes it is a risk.

Those who buy now and take that risk might be rewarded for that risk once Ethereum goes live and there is no other place to purchase it in the short run.

As those who decide to convert over to Ethereum and it proves to be for real ... then .... the price will respond.

...

there will be plenty of Ethereum .... but not necessarily right away .......

... it is a new approach ... novel ...

... we will see

I wonder how many coins did they sold... if they still have most of the total amount, they will play the market...

[pragmatic gut]

Sure,

this would be expected ( I own 23K ethers) 1K from buying on ETC and 22K from the initial offering

I have an interest in seeing its success ... but 1K in the face of 22K .... well ... I am bullish obviously long term ...my Buterern be safe God rest his soul

... I am bullish...

... I AM DAM BULLISH etc AS WELL ... I am long 22k genisis block
 

[chinchs]

Sure,

this would be expected ( I own 23K ethers) 1K from buying on ETC and 22K from the initial offering

I have an interest in seeing its success ... but 1K in the face of 22K .... well ... I am bullish obviously long term ...my Buterern be safe God rest his soul

... I am bullish...

... I AM DAM BULLISH etc AS WELL ... I am long 22k genisis block
 

how much did you paid for those 22k?

[pragmatic gut]

I paid 30 cents piece.

Near the end of the offerring they had gone up to about 45 cents a piece.

I bought them at the very beginning.

[chinchs]

I paid 30 cents piece.

Near the end of the offerring they had gone up to about 45 cents a piece.

I bought them at the very beginning.

22k of Ethercoin or Ethereum?

[pragmatic gut]

22 K Ethereum ... I bought them last summer.... (30 cents each)

I bought 1K ETC on Bittrix ....(about 1 dollar each)

[ethercoin.cc]

Just an update that we are accepting Escrow purchases through bitrated.com.  The minimum purchase is 5BTC worth of Ether.  If you are interested please send us a PM.  Escrow purchases do not require the purchaser to hold Ethercoins, and can be settled in Ether directly upon release of the Ethereum genesis block.

[Youghoor]

22 K Ethereum ... I bought them last summer.... (30 cents each)

I bought 1K ETC on Bittrix ....(about 1 dollar each)

This is too much difference in the price.

[DieJohnny]

Are there really any substantive guarantees that 1 ethercoin will get you 1 ethereum??

[Cornett]

Are there really any substantive guarantees that 1 ethercoin will get you 1 ethereum??

Are you blind? Of course no

[pragmatic gut]

A window of time will open where we can CONFIRM whether or not ETC is for real.

Once the genesis block is released people can then confirm whether ETC rewards 1 for 1.

Apparently, once the genesis block is released ETC can be redeemed for 30 days. During this 30 day window ( a strange constriction IMO)

So buy a few and find out.

I believe this ETC is a poorly conceived idea; however, ETC will open a captive window for a time and will allow some to get ETC at a potentially lower price IF Ethereum takes off early.

Ethereum throws a lot of folks with the language of "contracts" and so it may be received cooly at first and you may be well to wait and avoid ETC altogether and just wait and buy Ethers from others.

But, make no mistake. ETC may well give a few an opportunity to get some Ethers at hindsight as a lower price.

I remember all the naysayers out there how they would never participate in the crowd funding offer because the developers offered no guarantees.

But now, as it looks, Ethereum launch appears as though it will work and will generate a lot of excitement.

So, think about these things.       

[ethercoin.cc]

Apparently, once the genesis block is released ETC can be redeemed for 30 days.

The redemption period is a minimum of 30 days from the genesis block. It may be longer. We will give all ETC holders ample time to redeem their holdings.

[pragmatic gut]

Thanks, That's good to know. ( I hope all know this on Bittrix know this as well). Perhaps you will have a warning on Bittrix that trading will shut down on a particular day to alert the wandering trader and THEN allow people plenty of time to redeem after trading discontinues on Bittrix.

Once trading ends on Bittrix you should give folks at least 30 days IMO. 

You are going to great lengths to aid price discovery.

I would imagine that once a deadline is set on Bittrix we should see the price then begin to correspond with "EtherEX" - decentralized exchange ..

here is a link to EtherEX ... https://www.youtube.com/watch?v=zbnCYDoupfQ&feature=youtu.be

... I would imagine that you want the other exchanges to mature enough so you can transition out of ETC in a stable way.

... I was a bit hard on you when I said, this is a poorly conceived idea ..... its novel actually ....

... your effort are too immaculately deliberate to be a scam IMO ....

[pragmatic gut]

How will ETC be affected by the hardfork bomb which will hyperinflate Ethers as incentive for everyone to switch over to POS?

http://www.reddit.com/r/ethereum/comments/2w08qk/progress_on_the_bomb/

Will we get our extra ETC in a way so that we can enjoy the same ETHER expansion as crowd funding purchasers?

[Shuai]

Sent a PM regarding buying with escrow, but received no reply?

[ethercoin.cc]

Sent a PM regarding buying with escrow, but received no reply?

Sorry must have missed it. Please check your PM.

[ethercoin.cc]

How will ETC be affected by the hardfork bomb which will hyperinflate Ethers as incentive for everyone to switch over to POS?

http://www.reddit.com/r/ethereum/comments/2w08qk/progress_on_the_bomb/

Will we get our extra ETC in a way so that we can enjoy the same ETHER expansion as crowd funding purchasers?

ETC will be fully redeemed long before this happens.  According to Ethereum it will probably take a year to swtich to POS.   You'll have to go to the ethereum forums or reddit for more into on how the switch from PoW to POS will work.

[pragmatic gut]

Thanks. As far as I can tell .... ETC is doing the same thing Maidsafe is doing for Safecoin.

Its the same idea.

Maidsafe coin will be converted over to Safecoin whenever Maidsafe finishes getting their network completed. (April ? ... maybe)

[pragmatic gut]

It looks as though the launch process for Ethereum will come in phases, "Frontier, Homestead, Metroplis" .....

Gupta has made it clear that non-tech should avoid the Frontier phase and not bother moving Ethers around ....

.... I have decided to buy more Ethers through the escrow process here on this thread.

.... I have also bought some on Bittrix ...... ETC

... I also have genesis block Ethers ...

.... but it looks like it will be months before non-developer types want to be moving Ethers around until the get out of phased post beta

... here is a latest release update

....  https://blog.ethereum.org/2015/03/03/ethereum-launch-process/


.... looks like  i will be a "Metroplis" type .....

[wagabee london]

when is ethercoin will be lauched it going to be huge sucess the name is great ethercoin and the technology is great

[ethercoin.cc]

when is ethercoin will be lauched it going to be huge sucess the name is great ethercoin and the technology is great

Ethercoins are redeemable 1:1 for Ethers which will be on the Ethereum network when it launches later this month.

[chinchs]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

[wagabee london]

when will ethers be on sale?do you need do download a wallet?what is the difference between ethercoin and ethers?

[kroe]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

At the moment at bittrex BTC-ETC that would be around 1600 ethercoins..

why would someone do scrow instead of buying on bittrex for instance ( sorry for the beginner question )?

[kroe]

When will the market close at bittrex and the coins be redeemable ?

ethereum guys are doing really well and should release some nice stuff ( frontier release ) pretty soon, i would guess this will very go up in the next couple of weeks !?

[ethercoin.cc]

It will be redeemable as soon as the Ethereum network launches.

The redemption instructions will be on this thread and ethercoin.cc

When will the market close at bittrex and the coins be redeemable ?

ethereum guys are doing really well and should release some nice stuff ( frontier release ) pretty soon, i would guess this will very go up in the next couple of weeks !?

[ethercoin.cc]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

Please PM us for a quote

[pragmatic gut]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

Please PM us for a quote

I would advise anyone to avoid buying ETC until ethercoin.cc gets up to speed with the roll out plan for ethereum.

It has been made quite clear that the "frontier" phase of ethereum is no place for traders. Frontier is part of a debugging developer phase.

ETC probably should need to be around until "Metropolis phase" .... so far ethercoin.cc has said nothing.

The roll out of Ethereum is a much more protracted process.

 

[Sythyn]

So is this a token to trade ethereum?

[wagabee london]

ethercoin and ethers will be used?when will they be use in the Project?

[kroe]

It will be redeemable as soon as the Ethereum network launches.

The redemption instructions will be on this thread and ethercoin.cc

When will the market close at bittrex and the coins be redeemable ?

ethereum guys are doing really well and should release some nice stuff ( frontier release ) pretty soon, i would guess this will very go up in the next couple of weeks !?

they will "launch" in a few weeks. Will the redemption be already available or will we wait for further releases ?

How will it the redemption work ?

Thanks

[ethercoin.cc]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

Please PM us for a quote

I would advise anyone to avoid buying ETC until ethercoin.cc gets up to speed with the roll out plan for ethereum.

It has been made quite clear that the "frontier" phase of ethereum is no place for traders. Frontier is part of a debugging developer phase.

ETC probably should need to be around until "Metropolis phase" .... so far ethercoin.cc has said nothing.

The roll out of Ethereum is a much more protracted process.

 

Due to demand from buyers, we will be redeeming on Frontier.  However, the official Ethereum team has indicated that there may be 24-hour checkpoints on Frontier if there are any bugs or failures.   So, we will have to actively monitor the network every 24 hours to make sure no redemptions were reversed.

[ethercoin.cc]

they will "launch" in a few weeks. Will the redemption be already available or will we wait for further releases ?

How will it the redemption work ?

Thanks

We will post redemption instructions on the website and forums at least 1 week before Frontier launches.  Redemption will be done through the website.  You will provide an Ethereum address, and you will be required to send your Ethercoins to a redemption address.

[Jamil.Kamil]

anybody want to exchange by Ether..?

[miningpros]

they will "launch" in a few weeks. Will the redemption be already available or will we wait for further releases ?

How will it the redemption work ?

Thanks

We will post redemption instructions on the website and forums at least 1 week before Frontier launches.  Redemption will be done through the website.  You will provide an Ethereum address, and you will be required to send your Ethercoins to a redemption address.

Sorry, maybe its already been on this tread, but ETC is on the exchanges already, when official Etherium starts on the exchanges it will be ETH correct ?

[wagabee london]

at what Price do you sell you ethers?where do i download a wallet?

[kroe]

Minimum amount for scrow is 5BTC right? how many coins should a get for those 5 BTC's?

Please PM us for a quote

I would advise anyone to avoid buying ETC until ethercoin.cc gets up to speed with the roll out plan for ethereum.

It has been made quite clear that the "frontier" phase of ethereum is no place for traders. Frontier is part of a debugging developer phase.

ETC probably should need to be around until "Metropolis phase" .... so far ethercoin.cc has said nothing.

The roll out of Ethereum is a much more protracted process.

 

Due to demand from buyers, we will be redeeming on Frontier.  However, the official Ethereum team has indicated that there may be 24-hour checkpoints on Frontier if there are any bugs or failures.   So, we will have to actively monitor the network every 24 hours to make sure no redemptions were reversed.

will you keep ETC exchange available on bittrex after Frontier is launched or should all ETC be redeemed after 30 days of Frontier ?

[ethercoin.cc]

We haven't decided on the length of the redemption period, but we will guarantee that it will be open for at LEAST 30 days from the launch of Frontier.

We might keep redemption open until some time after Homestead has launched.

[pragmatic gut]

We haven't decided on the length of the redemption period, but we will guarantee that it will be open for at LEAST 30 days from the launch of Frontier.

We might keep redemption open until some time after Homestead has launched.

Frontier will not be using the Mist browser. Frontier requires code entries (a command line) and runs mostly on ubuntu.

Lots of folks are not at this level including myself.

Frontier is not meant for the average "buyer".

You need to think this through a little more and give people more time well into the homestead phase with full browser capabilities.

[ethercoin.cc]

We haven't decided on the length of the redemption period, but we will guarantee that it will be open for at LEAST 30 days from the launch of Frontier.

We might keep redemption open until some time after Homestead has launched.

Frontier will not be using the Mist browser. Frontier requires code entries (a command line) and runs mostly on ubuntu.

Lots of folks are not at this level including myself.

Frontier is not meant for the average "buyer".

You need to think this through a little more and give people more time well into the homestead phase with full browser capabilities.

We will take a wait and see approach.  From what we have heard, nearly everyone wants to redeem when Frontier launches.  We'll make sure that there is a long enough period for everyone to redeem in all circumstances.

[TonySon]

  wow 34.6% 

[TonySon]

I think, Ethercoin to the Moon

[TonySon]

WALLET DOWNLOADS
Ethercoin v1.1 downloads

Windows v1.1
Mac OSX v1.1
Ubuntu Linux v1.1
 

[TonySon]

http://explorer.ethercoin.cc/chain/Ethercoin

I buy Ethercoin

[TonySon]

at what Price do you sell you ethers?where do i download a wallet?

http://www.ethercoin.cc/

[TonySon]

hi Guys!

Can you help me ? thanks  

[TonySon]

I sad ....   can you help me  

[wagabee london]

is ethercoin and ethers the same thing?

[TonySon]

is ethercoin and ethers the same thing?

ethercoin is ethercoin my friend. I believe ether is ethereal

[TonySon]

is ethercoin and ethers the same thing?

ethercoin is ethercoin my friend. I believe ether is ethereal

I hope sure! kaka

[wagabee london]

ethercoin is a pre sale of ethers maybe ethercoin should develop with a website and a online wallet

[TonySon]

ethercoin is a pre sale of ethers maybe ethercoin should develop with a website and a online wallet

Definitely!

[blueshoe]

what is ether?

[chinchs]

There is any collateral you put on scrow? I got a quote from you, but I have my doubts... lets imagine this situation:

* I assume you have 1.000.000 ethereum
* I put 10 BTC to scrow, you put the proportional ETC

Now, what can happen at market opening:

* ETH goes x10, then you may choose to loose the ETC of the scrow since it will more profitable to sell the ETH instead of having the BTC
* ETH goes to 1 cent each... you may choose to deliver the ETH since the BTC worth more.

Seeing this, it is always a win situation for you, so I want to know if there are clauses to protect both sides and have win-win situation.

[pragmatic gut]

Its in there best interest to have full price discovery.

As individuals begin to trade ETC for real Ethers .... feedback will confirm that ETC is viable.

[ethercoin.cc]

There is any collateral you put on scrow? I got a quote from you, but I have my doubts... lets imagine this situation:

* I assume you have 1.000.000 ethereum
* I put 10 BTC to scrow, you put the proportional ETC

Now, what can happen at market opening:

* ETH goes x10, then you may choose to loose the ETC of the scrow since it will more profitable to sell the ETH instead of having the BTC
* ETH goes to 1 cent each... you may choose to deliver the ETH since the BTC worth more.

Seeing this, it is always a win situation for you, so I want to know if there are clauses to protect both sides and have win-win situation.

Unfortunately there is no way around this scenario.  In the worst case you are guaranteed to have your BTC back, which means you would be in the same position you are in now anyway.   Of course, we promise to honor every purchase no matter what. But short of our promise there is no way to guarantee anything. 

The purpose of the escrow is to protect people who are worried that we will take their BTC and run away AND not give them any ether.

That being said, if your purchase is large enough -- we are willing to put down a portion of collateral as a security deposit that will be paid to you if we don't deliver the ETC within 24 hours of launch.  PM us to discuss.

[toast]

How about bonded escrow?  3x BTC value or something

[robinson5]

If anyone's looking to sell a lot of ether PM me with amount and pricing, thanks!

[Abiky]

Does anybody had issues with the ethercoin wallet? My wallet cannot sync. Each time I open it, the wallet stays syncing at 15% and then it's stuck (no progress at all). It says it has only 1 active connection to the ethercoin network but sometimes there are no connections at all. I tried deleting all the files from blockchain data at the appdata directory and leaving only the wallet.dat file, but still no luck 

Any help?

[BadAss.Sx]

Mac wallet stuck at 7.74% with 1 connection only. 

[ethercoin.cc]

You need to leave the wallet open for quite a while to make sure it finds more then 1 connection.  If you only have 1 connection it will take a long time to sync.

[Beymond]

No connections on MAC wallet

[Abiky]

After almost 2 hours of leaving the wallet open, I've finally got it to sync. It says that now it has 3 active connections to the Ethercoin network. Sweet! Now I can finally see my balance 

By the way, the wallet that I'm using is the Windows version...

[ETC holder]

Hello,

I have some ETC in an Ethercoin - Wallet (windows version).

I created a backup wallet and stored it offline

How do I restore the backup wallet (on different PC from the one on which I originally created the wallet)

Thanks for your advice

[Abiky]

Hello,

I have some ETC in an Ethercoin - Wallet (windows version).

I created a backup wallet and stored it offline

How do I restore the backup wallet (on different PC from the one on which I originally created the wallet)

Thanks for your advice

The restore the backup wallet, you should move the wallet.dat file to your appdata directory.

The quickest way to get there is to press the Win key + R to open the run window and then write %appdata% which takes you directly to that folder. Then, copy & paste (or move) your wallet.dat file into the Ethercoin directory.

Make sure that your ETC wallet is not open in order to do this. Hope this helps 

[ETC holder]

Hi again,

Thanks for your advice.

I am currently struggling to get the Ethercoin - Wallet synchronised.
I am running the Ethercoin wallet version v1.1.0.1-g32a928e on Win7 64bit

I have been trying to synchronise for over 24 hours and still ~54879 blocks remaining
I have aborted and restarted a number of times to see if that helps but it seems not.
having started at ~67,000 that still leaves a week or so to go at the current rate
It did not take more than a few hours to synchronise the wallet previously on another machine.

Can you provide any advice as to how to speed up the synchronisation?
Is there a fast way to download the whole blockchain eg: BitTorrent ?

Many thanks

[Abiky]

Hi again,

Thanks for your advice.

I am currently struggling to get the Ethercoin - Wallet synchronised.
I am running the Ethercoin wallet version v1.1.0.1-g32a928e on Win7 64bit

I have been trying to synchronise for over 24 hours and still ~54879 blocks remaining
I have aborted and restarted a number of times to see if that helps but it seems not.
having started at ~67,000 that still leaves a week or so to go at the current rate
It did not take more than a few hours to synchronise the wallet previously on another machine.

Can you provide any advice as to how to speed up the synchronisation?
Is there a fast way to download the whole blockchain eg: BitTorrent ?

Many thanks

If synchronization is stuck you will need to delete some files in order to start synchronizing again. Go to the appdata directory, then browse to the Ethercoin folder. Make sure to delete all files except the wallet.dat (very important!) After this, try opening the Ethercoin wallet software again and see if it starts synchronizing. Usually, synchronization time take a few hours so please be patient until wallet is fully synchronized.

Most of the time, I get 1 to 3 active connections to the Ethercoin network. 

P.S. If you want this to be faster, I might upload block data and share it to you 

[ETC holder]

Thank you

all synchronised and wallet restored
    

[Abiky]

Thank you

all synchronised and wallet restored
    

No problem. If there's any other question that you would like to ask or need anything, feel free to send me a private message and I''ll be glad to help. 

[advanced]

are you also interested in buying Ether bought during the presale?

[wagabee london]

is there a pump and dump with ethercoin Price went up there is a lot of volume with ethercoin

[Abiky]

is there a pump and dump with ethercoin Price went up there is a lot of volume with ethercoin

Looks like it is indeed. Yesterday's price was at $2.45 low and now price went up to $3.91! I was lucky that I've bought ethercoins when they were at $0.66. I've been holding 2.80 ETC and with this increase in price, I think I may sell them.. 

[ETC holder]

Now we know that Ethereum Frontier launch is just days away. https://blog.ethereum.org/2015/07/22/frontier-is-coming-what-to-expect-and-how-to-prepare/

It would be helpful to know from the Ethercoin people more detail about how the conversion of Ethercoin > ETH will be done.

[Abiky]

Now we know that Ethereum Frontier launch is just days away. https://blog.ethereum.org/2015/07/22/frontier-is-coming-what-to-expect-and-how-to-prepare/

It would be helpful to know from the Ethercoin people more detail about how the conversion of Ethercoin > ETH will be done.

Exactly. That would be something that I would like to know too. I've made serious investments with Ethercoin, with the hopes of getting lots of Ethers in exchange (now that I've missed the initial ether sale).

[wagabee london]

yes more information for all the people investing ethercoin is a better name then ether but it,s a not the same project

[ethercoin.cc]

Hi Everyone,

Just wanted to give a quick update.

The website will be updated to provide redemption instructions by the end of this weekend.

There will be a form where you enter your Ethereum address.  You will send ETC to a special burn address and your Ether will be sent to your Ethereum address.

All redemptions will be done manually from a secure system for security reasons.  This means it may take up to 24 hours for your redemption to be processed.  Larger redemptions will have priority over smaller ones.  Any redemptions under 25ETC may take more then 24 hours to process.

[Abiky]

Hi Everyone,

Just wanted to give a quick update.

The website will be updated to provide redemption instructions by the end of this weekend.

There will be a form where you enter your Ethereum address.  You will send ETC to a special burn address and your Ether will be sent to your Ethereum address.

All redemptions will be done manually from a secure system for security reasons.  This means it may take up to 24 hours for your redemption to be processed.  Larger redemptions will have priority over smaller ones.  Any redemptions under 25ETC may take more then 24 hours to process.

That's great news! Glad to know how the process will be done for exchanging Ethercoins. Can't wait for those Ethers...

[siamjim]

why bittrex disabled us?   

[CECVW]

why bittrex disabled us?   

Sorry I am new to this thread, what is the link between ethercoin  and etherum?

Would u recommend to buy ethercoin in bittrex and why?

Thanks

[SpiryGolden]

I really don't get it how I can redeem .. it's so little information about this project. It makes no sense .... anyway hopefully I will see more extra info.

[david1365]

warning

Ethereum will be huge dumped after launch. many investors are looking for return on investment and that is why they will be dumped it. 

keep your Bitcoin carefully

[cryptoboy.architect]

warning

Ethereum will be huge dumped after launch. many investors are looking for return on investment and that is why they will be dumped it.  

keep your Bitcoin carefully

Honestly? Let them. That way smart folks can get more.

ETH will allow $2T of underground economy to become more structured (and possibly less underground) through DAOs.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/23/americas-2-trillion-shadow-economy-is-the-recessions-big-winner/

If it captures 1% of that $2T, it is equivalent to $20B, which would put ETH somewhere around $150. Those who sell for $2 will shit bricks, eat sand and may even commit suicide in the years to come. If it captures 10% of that ETH will be $1500. I know it sounds crazy, but so did the Internet in 1995.

Once it's launched their main focus will be on scalability, which I think is the real reason crypto is not ready for mainstream. Once they can handle 100K TPS (and I'm sure they will), it's game over.

Obligatory disclaimer: I'm not a financial advisor, this is just my opinion. Consult a real one before making a decision.

[tiggytomb]

I missed out on the sale so this is handy, might see and pick up a couple but then once ETH is released I would imagine there would be a lot of dumping going on so maybe the price of ETC right now is a bit high but then that depends on the price of ETH hmmm what to do.

[ETC holder]

I have some ETC in a wallet and have staked some of it to earn fees.
The part which is staked is unspendable whilst it is staked.

Can someone advise me how to unstake the ETC so that I can redeem it for Ether?

I am sure there is an option menu somewhere but I cannot find it

Thanks

[Abiky]

Open command prompt, then cd (or change directory) to your wallet's app location (.exe).

Example: If ethercoin-qt.exe is on Desktop, you would write cd C:\Users\Your Username Here\Desktop

After that, write this command in your cmd or command prompt:

ethercoin-qt -reservebalance=9999999


Try it and see if it works 

[ethercoin.cc]

An announcement regarding the redemption process will be made shortly.

[ETC holder]

I am using the Ethercoin wallet - Qt for windows

Still unable to unstake some coins

Under menu: Options/Main  I have set Reserve to 99999999 which should unstake all my coins
but this had not had the desired effect.

Any other advice?

[Abiky]

I am using the Ethercoin wallet - Qt for windows

Still unable to unstake some coins

Under menu: Options/Main  I have set Reserve to 99999999 which should unstake all my coins
but this had not had the desired effect.

Any other advice?

Try looking for ethercoin.conf in your appdata directory. In there, set this: staking=0 then save it. Hope this helps.

[cryptojoe]

An announcement regarding the redemption process will be made shortly.

Did you mean today? The info from the ethercoin website seems to have have disappeared.

[ethercoin.cc]

An announcement regarding the redemption process will be made shortly.

Did you mean today? The info from the ethercoin website seems to have have disappeared.

Yes. The redemption page will be posted within 24 hours.  You will be able to input a request to redeem your ETC for ETher.

[newrad]

So I'm guessing Ethercoin.cc sold out of coin to sale?  


Also when ethereum goes live will ether be available on the exchanges?

[cryptojoe]

So I'm guessing Ethercoin.cc sold out of coin to sale?  


...

Actually lots of ethercoin is still for sale at bittrex.  Bittrex is the only exchange that i know of that is pre-selling their ether. They're using  tokens, i.e., ethercoins, that they are saying will be redeemable one-one for ether. Link to proof of reserves is posted near the beginning of this thread.

[Galangeka]

An announcement regarding the redemption process will be made shortly.

Did you mean today? The info from the ethercoin website seems to have have disappeared.

i think same of you

[chesthing]

This is some joke, right? who would be both stupid enough to trust the ethercoin dev to actually make this swap and pay 10x+ ipo price? are there really people here that stupid or is this just a bunch of fake volume?

[wagabee london]

ethercoin has a much higher Price then ethers does ethers have any value

[ethercoin.cc]

Just a quick update:

Due to the low gas limit, it won't be possible to make any transfers on the Ethereum network for the next few days.  '

We were considering delaying launch of the redemption page until then, but have decided to put it up ahead of time and allow people to put in their redemption requests early, so you can expect to see it live on our website within the next few hours.

Please note that it is your responsibility to generate your own Ethereum address.  Please check the Ethereum website for instructions

[NoobKidOnTheBlock]

So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?

[ethercoin.cc]

Update:

The redemption request form has been posted.

[ethercoin.cc]

So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?

ETC= Ethercoin


And yes all ETC is redeemable for Ethereum.  Just go on the website and make a redemption request.  It will be filled when the Ethereum gas limit is raised.

[NoobKidOnTheBlock]

So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?

ETC= Ethercoin


And yes all ETC is redeemable for Ethereum.  Just go on the website and make a redemption request.  It will be filled when the Ethereum gas limit is raised.

Hey sorry to bother you again but I'm looking on thee Ethereum webpage and I can't see anywhere where I would make a redemption request? Where exactly on the website would I look to make this request? Cheers

[chesthing]

So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?

ETC= Ethercoin


And yes all ETC is redeemable for Ethereum.  Just go on the website and make a redemption request.  It will be filled when the Ethereum gas limit is raised.

Hey sorry to bother you again but I'm looking on thee Ethereum webpage and I can't see anywhere where I would make a redemption request? Where exactly on the website would I look to make this request? Cheers

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

[cryptoboy.architect]

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

Not any more ludicrous than BTC or LTC prices. I love the ETH roadmap, the plan, and the ease of use of the platform.
(e.g. trying to do a smart contract in Bitcoin is a freaking pain in da butt)

Love this visual tool by the way (check out the examples): http://etherscripter.com/

Say what you will but ETH is a game changer. The only issue I have with it is the gas cost and scalability. But reading the blog articles it sounds like they'll solve all of that much quicker than Bitcoin can decide, should they increase the block size or not.

[Primitive]

Hey sorry to bother you again but I'm looking on thee Ethereum webpage and I can't see anywhere where I would make a redemption request? Where exactly on the website would I look to make this request? Cheers

remember, Ethercoin is NOT the same as Ethereum.  so you're looking in the wrong place.

[chesthing]

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

Not any more ludicrous than BTC or LTC prices. I love the ETH roadmap, the plan, and the ease of use of the platform.
(e.g. trying to do a smart contract in Bitcoin is a freaking pain in da butt)

Love this visual tool by the way (check out the examples): http://etherscripter.com/

Say what you will but ETH is a game changer. The only issue I have with it is the gas cost and scalability. But reading the blog articles it sounds like they'll solve all of that much quicker than Bitcoin can decide, should they increase the block size or not.

It's ludicrous because there is no way in hell ethereum is going to trade at a stable 10x+ ipo price when it hits exchanges. This shit is going to be fudded hard, and it will dump hard. 10x ipo price is something far down the line, not now for Christ sake.

[ethercoin.cc]

So any ETC bought at Bittrex will be redeemable 1:1 to Ethercoin or Ethereum or whatever its called?

ETC= Ethercoin


And yes all ETC is redeemable for Ethereum.  Just go on the website and make a redemption request.  It will be filled when the Ethereum gas limit is raised.

Hey sorry to bother you again but I'm looking on thee Ethereum webpage and I can't see anywhere where I would make a redemption request? Where exactly on the website would I look to make this request? Cheers

Go to ethercoin.cc

Scroll to the bottom of the page, there is a form where you put in your Ethereum address.

[cryptoboy.architect]

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

Not any more ludicrous than BTC or LTC prices. I love the ETH roadmap, the plan, and the ease of use of the platform.
(e.g. trying to do a smart contract in Bitcoin is a freaking pain in da butt)

Love this visual tool by the way (check out the examples): http://etherscripter.com/

Say what you will but ETH is a game changer. The only issue I have with it is the gas cost and scalability. But reading the blog articles it sounds like they'll solve all of that much quicker than Bitcoin can decide, should they increase the block size or not.

It's ludicrous because there is no way in hell ethereum is going to trade at a stable 10x+ ipo price when it hits exchanges. This shit is going to be fudded hard, and it will dump hard. 10x ipo price is something far down the line, not now for Christ sake.

U MAD U DIDN'T BUY BRO? Right... Well it will be very erratic, I agree. But when it settles it will be way above the original price.

The problem with your statement is that Ethereum is a game changer and smart money will absorb any drops. If I was a BTC whale right now, I'd go 50% in ETH, no question about it.

Most of these DApps here will get funded with ETH, which will be locked in a smart contract, which will generate even more demand:

http://dapps.ethercasts.com/

[Blazin8888]

I would never go 50% in ETC ....LOL.

GMC actually has a use case right now.


BCN is also a good buy.

ETC lmao....we will see where this price settles then maybe ill get some of this stuff. BTS is looking much better for my $.

[kpierce77]

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

Not any more ludicrous than BTC or LTC prices. I love the ETH roadmap, the plan, and the ease of use of the platform.
(e.g. trying to do a smart contract in Bitcoin is a freaking pain in da butt)

Love this visual tool by the way (check out the examples): http://etherscripter.com/

Say what you will but ETH is a game changer. The only issue I have with it is the gas cost and scalability. But reading the blog articles it sounds like they'll solve all of that much quicker than Bitcoin can decide, should they increase the block size or not.

It's ludicrous because there is no way in hell ethereum is going to trade at a stable 10x+ ipo price when it hits exchanges. This shit is going to be fudded hard, and it will dump hard. 10x ipo price is something far down the line, not now for Christ sake.

What was IPO price?

[johny08]

Just wait for ethereum to hit the exchanges (if it ever does) and wait for it to dump, buying ethercoin at these prices is ludicrous.

Not any more ludicrous than BTC or LTC prices. I love the ETH roadmap, the plan, and the ease of use of the platform.
(e.g. trying to do a smart contract in Bitcoin is a freaking pain in da butt)

Love this visual tool by the way (check out the examples): http://etherscripter.com/

Say what you will but ETH is a game changer. The only issue I have with it is the gas cost and scalability. But reading the blog articles it sounds like they'll solve all of that much quicker than Bitcoin can decide, should they increase the block size or not.

It's ludicrous because there is no way in hell ethereum is going to trade at a stable 10x+ ipo price when it hits exchanges. This shit is going to be fudded hard, and it will dump hard. 10x ipo price is something far down the line, not now for Christ sake.

What was IPO price?

IPO price was around 1300-2000 for 1 BTC (BTC: $500) so $0,3 or 0,001 BTC now its 0,01. 10x pricefolding (!)

However, buy now sell later is the best for now. Enough N00bs outthere :-)

[srgkrgkj]

http://themerkle.com/speculation/ethercoin-price-analysisspeculation-07082015/

See our price analysis first only at the merkle.com !

[ethercoin.cc]

Redemptions have begun.

Largest to smallest.  Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)

Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.

[ed_teech]

So, in summary people are speculating a 10x price increase for ethereum ?

[ethercoin.cc]

Redemptions have begun.

Largest to smallest.  Takes up to 24 hours. (We process manually, and have to eat, sleep, etc)

Any redemptions under 10ETC are low priority and will be redeemed at the end of the month.

This is simply BS!  

It takes 15 seconds, at most, to send a transaction on the Ethereum network - double checking that the send and receive address are correct, taking your time to double and triple verify ...   You have 50 requests on your website at the moment - 50 x 15 seconds = at most 20 minutes to clear the backlog...

Within the terminal geth console, set the followings:

Code:

>var sender = eth.accounts[0];
>var receiver = 'ETCETHRedemptionxxxxx;
>var amount = web3.toWei("the amount to redeem", "ether")

Then,

>eth.sendTransaction({from:sender, to:receiver, value: amount})

Repeat as necessary... not that complicated...

Our transactions are signed offline, then moved from an airgapped machine to be transmitted.  We will try to process redemptions under 10 ETC when we have time but make no guarantees.  

If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly.  Everything is manually processed. You are wasting your time and ours. 

[ethercoin.cc]

Our transactions are signed offline, then moved from an airgapped machine to be transmitted.  We will try to process redemptions under 10 ETC when we have time but make no guarantees.  

If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly.  Everything is manually processed. You are wasting your time and ours.

Double BS!

Here's some math for you:  We had 1 million ether for sale.  If everyone requested 10 ETC redemptions, we'd have to do 100,000 offline signings, which would take months.

We are not prioritizing < 10 ETH redemptions when there are other requests for hundreds and thousands of ETC pending.

Now that we've made this clear, our time and yours won't be wasted.

[ethercoin.cc]

Our transactions are signed offline, then moved from an airgapped machine to be transmitted.  We will try to process redemptions under 10 ETC when we have time but make no guarantees.  

If you are trying to redeem less than 10ETC, don't expect it to be redeemed quickly.  Everything is manually processed. You are wasting your time and ours.

Double BS!

Here's some math for you:  We had 1 million ether for sale.  If everyone requested 10 ETC redemptions, we'd have to do 100,000 offline signings, which would take months.

We are not prioritizing < 10 ETH redemptions when there are other requests for hundreds and thousands of ETC pending.

Now that we've made this clear, our time and yours won't be wasted.

I am sorry - but you only have 50 redemptions to do on your website, not millions - get on with it! 

Yes, they are being handled.  We currently are closing Escrow deals that are for very large amounts; unfortunately we have to prioritize things. Soon we will be able to make things happen much faster once all the escrow transactions are out of the way.

[ed_teech]

So, in summary people are speculating a 10x price increase for ethereum ?

There is a demand for Ethereum, for those who slept in 2014, and the supply is limited due to the fact that most pre-sale buyers can't use terminal commands to send their coins to exchanges.  So the price is very high at the moment.  The instant a more user-friendly solution will be available for the windows users, the price will go down to about $0.30 per ether (the pre-sale value of Ether in 2014).  There are now about 30 000 ethers mined every day (5 ethers per 15 seconds), plus the 60 millions pre-sold in 2014... do the math...

In 2014, 75% of the Ether were sold to high rollers and believers. Leaving 25% of the 60 millions to small speculative "investors" who don't give shit about Ethereum.  Ether is fuel, nothing else.  It is not designed to be a currency. It only fuels contracts on the Ethereum network.  Once people get this, they will buy them only to fuel their contracts, nothing else.

If Ether is fuel, its price should not be high and volatile. Right ?

[ethercoin.cc]

We would like to remind everyone that this thread is intended for high signal to noise ratio discussion and so it is moderated.

We are redeeming ETC manually for security reasons (signing offline), and are doing so in priority order from largest to smallest.  We will do our best to redeem small requests, but will not guarantee that they are processed within 24 hours, and could take a few days.

If you would like to troll about this because you requested the 0.8ETC transaction, please create another un-moderated thread for trolling.

Thank you.

[siamjim]

can any1 explain to me why is the price is steadily going lower n lower, where will the new floor be?

[wagabee london]

ethers are token for a network not a currency the Price was to high

[ASICHEAD]

Most users are dissatisfied with the manner of launch, more than 95% of investors still are not able to transfer their Ether to the exchanges.
this prices still is very high, Huge dump in the way.
just watching it.

[killacam8888]

Dont listen to FUD. Best advice.

ETH INFO: 1. https://www.youtube.com/watch?v=U1XOPIqyP7A

                2. https://www.youtube.com/watch?v=hwaBM-kQeqc


You be the judge...what is an Ether worth in todays world? ...with a company like IBM backing this project, IMO you cant go wrong here. The world is changing fast. The fact that I can quit my job and trade these currencies and make a living is something alot of my family/ friends dont understand. They will soon. With coins like this. Blockchain technolgy is the future. Coins like GMC will bring main stream adoption to crypto as well IMO. We all have that one friend who tells us "stop wasting your time on Bitcoin man", "stop playing with that play money", "what the fuck is bitcoin no one will use it". Inject crypto into their games, they will begin to see value in digital currencies then. IMO digital currencies best chance to become popular through mainstream adoption is through the video game industry. Just sit back and think about the implications for a second.

My gut tells me we are all apart of something great. Most of the people around us dont even know what cryptocurrency is. IMO thats like not knowing what gold was during the gold rush. We are all so lucky to be apart of this.

[ASICHEAD]

Dont listen to FUD. Best advice.

ETH INFO: 1. https://www.youtube.com/watch?v=U1XOPIqyP7A

                2. https://www.youtube.com/watch?v=hwaBM-kQeqc


You be the judge...what is an Ether worth in todays world? ...with a company like IBM backing this project, IMO you cant go wrong here. The world is changing fast. The fact that I can quit my job and trade these currencies and make a living is something alot of my family/ friends dont understand. They will soon. With coins like this. Blockchain technolgy is the future. Coins like GMC will bring main stream adoption to crypto as well IMO. We all have that one friend who tells us "stop wasting your time on Bitcoin man", "stop playing with that play money", "what the fuck is bitcoin no one will use it". Inject crypto into their games, they will begin to see value in digital currencies then. IMO digital currencies best chance to become popular through mainstream adoption is through the video game industry. Just sit back and think about the implications for a second.

My gut tells me we are all apart of something great. Most of the people around us dont even know what cryptocurrency is. IMO thats like not knowing what gold was during the gold rush. We are all so lucky to be apart of this.

Ethereum just is the biggest Cryptocurrencies Scam in history with $18.000.000 revenue from ICO.

[ethercoin.cc]

Dont listen to FUD. Best advice.

ETH INFO: 1. https://www.youtube.com/watch?v=U1XOPIqyP7A

                2. https://www.youtube.com/watch?v=hwaBM-kQeqc


You be the judge...what is an Ether worth in todays world? ...with a company like IBM backing this project, IMO you cant go wrong here. The world is changing fast. The fact that I can quit my job and trade these currencies and make a living is something alot of my family/ friends dont understand. They will soon. With coins like this. Blockchain technolgy is the future. Coins like GMC will bring main stream adoption to crypto as well IMO. We all have that one friend who tells us "stop wasting your time on Bitcoin man", "stop playing with that play money", "what the fuck is bitcoin no one will use it". Inject crypto into their games, they will begin to see value in digital currencies then. IMO digital currencies best chance to become popular through mainstream adoption is through the video game industry. Just sit back and think about the implications for a second.

My gut tells me we are all apart of something great. Most of the people around us dont even know what cryptocurrency is. IMO thats like not knowing what gold was during the gold rush. We are all so lucky to be apart of this.

Ethereum just is the biggest Cryptocurrencies Scam in history with $18.000.000 revenue from ICO.

Scam? They delivered a working network as promised, and development is continuing, and the price is 3x higher then the sale.  Stop trolling here please. Take the nonsense elsewhere.

[johny08]

So, in summary people are speculating a 10x price increase for ethereum ?

10x is nothing, 100x would be something. Just dont underestimate Vitaly

Payout worked great. thanks.

[dzimbeck]

We would like to remind everyone that this thread is intended for high signal to noise ratio discussion and so it is moderated.

We are redeeming ETC manually for security reasons (signing offline), and are doing so in priority order from largest to smallest.  We will do our best to redeem small requests, but will not guarantee that they are processed within 24 hours, and could take a few days.

If you would like to troll about this because you requested the 0.8ETC transaction, please create another un-moderated thread for trolling.

Thank you.

manually? You realize this is the world of computers right? Write a script for it. Or heck an "eth contract"... from the lack of comments on this forum it doesn't appear that you will ever have "100s of thousands of requests for 10 eth"

Maybe its time to pull this coin from exchanges.

[wurstgelee]

"Within 24 hours the equivalent Ether (1:1 ratio) will be sent to your Ethereum address."


It's more than 24h ago since the last ETH were sent..... why is that?

[maxim000]

Proof-of-reserves accounts contain summary only ~350 000 ETH, requested redemptions more 500 000 ETH. Thinking )))

Also, for last 16 hours, from theese accounts was withdrawed 122 000 ETH, and no one redemption.

[wurstgelee]

"Within 24 hours the equivalent Ether (1:1 ratio) will be sent to your Ethereum address."


It's more than 24h ago since the last ETH were sent..... why is that?

My ETH were sent 5 mins ago. Thanks, all good!

[ethercoin.cc]

Proof-of-reserves accounts contain summary only ~350 000 ETH, requested redemptions more 500 000 ETH. Thinking )))

Also, for last 16 hours, from theese accounts was withdrawed 122 000 ETH, and no one redemption.

ETH are moved between PoR accounts for various reasons. 

All that matters is that anyone with a redemption request burning ETC receive the ETH to their address. 

Requests that burn to the PoR addresses are just considered immediately redeemed. (no transfers required)

[maxim000]

I was wrong. My ETH received too.
Sorry for suspicions.

[siamjim]

Gentlemen
how can i redeem my ETC  for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help

this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning

[Wob]

Gentlemen
how can i redeem my ETC  for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help

this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning

^^ Got the same question.

[mistercashking]

Gentlemen
how can i redeem my ETC  for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help

this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning

Thats because His website script doesn't support IBAN addresses redeem it to poloniex or kraken exchange.

[ethercoin.cc]

Gentlemen
how can i redeem my ETC  for ETH when Bittrex gives me a wallet address that you won't accept?
this is the IBAN address Bittrex gives me for ETH > XE--ETHBTRXPL06H7--6.. but the "Ethercoin redemption page" wont accept it. please help

this is what i get
[debug] user typed:4rn7y
[debug] captcha is:4rn7y
[debug] captcha correct!!
Error: XE17ETHBTRXPL06H7006 is not a valid ethereum address -- missing 0x at beginning

We don't accept IBAN addresses. Only ethereum address with format that starts with 0x at the beginning

[mkrypt]

got ETH to my account today. Confirm that redemption is working. The only minor problem was slow sync of ETC wallet

[nramirezmail]

Hi, i'd like to know, how to withdraw my etc from Bittrex.
I'm thinking this steps is the correct way:

1-I have to install ethereum wallet called geth, sync the blockchain. (it's take to much time).
2-Generate ethereum address whith geth. For example 0xaba21175ef27acbe1648642b9d9e678b856f62a9
3- Goto redemption page "ethercoin.cc" and put this address on the text box and they will generate the etc redemption address. For example ETCETHRedemption9Ud9nqky3TaraoA7DS
4- Goto to Bittrex and put this redemption address into etc withdraw option.

Its that right??


I'm have some trouble to sync the blockchain, I have to generate the genesis block? or geth auto sync without generate the genesis block??
How long does it take to download the ethereum blockchain??? i'm started to download the blockchain 2 days ago and no sync yet?

Please Help me.
Thanks

[Wob]

Hi, i'd like to know, how to withdraw my etc from Bittrex.
I'm thinking this steps is the correct way:

1-I have to install ethereum wallet called geth, sync the blockchain. (it's take to much time).
2-Generate ethereum address whith geth. For example 0xaba21175ef27acbe1648642b9d9e678b856f62a9
3- Goto redemption page "ethercoin.cc" and put this address on the text box and they will generate the etc redemption address. For example ETCETHRedemption9Ud9nqky3TaraoA7DS
4- Goto to Bittrex and put this redemption address into etc withdraw option.

Its that right??


I'm have some trouble to sync the blockchain, I have to generate the genesis block? or geth auto sync without generate the genesis block??
How long does it take to download the ethereum blockchain??? i'm started to download the blockchain 2 days ago and no sync yet?

Please Help me.
Thanks

Can do it much faster/easier:

Register account at Poloniex, get a Ethereum address there (that starts with 0x..)

Fill in your created poloniex address at ethereum.cc

Send the ETC coins from bittrex to the REDEMPtion address that ethereum.cc gave you

You will receive the coins at Poloniex in a certain time

[richiela]

Hi, i'd like to know, how to withdraw my etc from Bittrex.
I'm thinking this steps is the correct way:

1-I have to install ethereum wallet called geth, sync the blockchain. (it's take to much time).
2-Generate ethereum address whith geth. For example 0xaba21175ef27acbe1648642b9d9e678b856f62a9
3- Goto redemption page "ethercoin.cc" and put this address on the text box and they will generate the etc redemption address. For example ETCETHRedemption9Ud9nqky3TaraoA7DS
4- Goto to Bittrex and put this redemption address into etc withdraw option.

Its that right??


I'm have some trouble to sync the blockchain, I have to generate the genesis block? or geth auto sync without generate the genesis block??
How long does it take to download the ethereum blockchain??? i'm started to download the blockchain 2 days ago and no sync yet?

Please Help me.
Thanks

Can do it much faster/easier:

Register account at Poloniex, get a Ethereum address there (that starts with 0x..)

Fill in your created poloniex address at ethereum.cc

Send the ETC coins from bittrex to the REDEMPtion address that ethereum.cc gave you

You will receive the coins at Poloniex in a certain time

We've enabled HEX addresses at bittrex as well.  So just go to your wallet page, goto ETHER, generate a new address, input that to ethercoin.cc, withdraw your ETC to the address provided, and you should receive your ETH here as well.

Thanks,
richie@bitterx

[Philippides]

Why is Ethercoin disabled on Bittrex? How do I withdraw it and send it to https://www.ethercoin.cc/ when its disabled?

[ekin4]

Is this different than Ethereum? Is it related somehow?

[Philippides]

Anyone know why ETC (Ethercoin) is disabled on Bittrex? Is the exchange for ethereum already over?

[dukeneptun]

Anyone know why ETC (Ethercoin) is disabled on Bittrex? Is the exchange for ethereum already over?

Yes, probably because the real ETHER hits the market and they removed Ethercoin.

[Philippides]

Anyone know why ETC (Ethercoin) is disabled on Bittrex? Is the exchange for ethereum already over?

Yes, probably because the real ETHER hits the market and they removed Ethercoin.

Doesn't Bittrex always send out an e-mail notification before they delist a coin? Also did ethercoin.cc ever specify when the coin swap would end?

[spanjii]

here is what richie from bittrex said https://twitter.com/richiela/status/633469851562938368

[dukeneptun]

Anyone know why ETC (Ethercoin) is disabled on Bittrex? Is the exchange for ethereum already over?

Yes, probably because the real ETHER hits the market and they removed Ethercoin.

Doesn't Bittrex always send out an e-mail notification before they delist a coin? Also did ethercoin.cc ever specify when the coin swap would end?

Hmmmm. They probably didn't delist it. I think they have a problem about coin. Maybe technical.

here is what richie from bittrex said https://twitter.com/richiela/status/633469851562938368

Thanks for the link.

[Philippides]

here is what richie from bittrex said https://twitter.com/richiela/status/633469851562938368

Great! Thanks for the clarification. No worries then.

[mamahdedeh]

Anyone know why ETC (Ethercoin) is disabled on Bittrex? Is the exchange for ethereum already over?

yes, some reports mention ethercoin have lost or even lose some exchange

[ekin4]

This coin died faster than I expected. RIP Ethercoin.

[ethercoin.cc]

IMPORTANT NOTICE:

All redemption requests using the online form on ethercoin.cc must be made by September 30th.  After that date the form will be shut down and all requests will have to be made manually by email.

If you hold Ethercoins and have not made a redemption request please do it now.

[Abiky]

It's been 2 days since I sent ETC to the redemption address, but I can't see updates on the ethercoin.cc site. Balance still says zero. Am I doing something wrong? Below, is proof of transaction:






Please help! 

[Abiky]

It's been 2 days since I sent ETC to the redemption address, but I can't see updates on the ethercoin.cc site. Balance still says zero. Am I doing something wrong? Below, is proof of transaction:






Please help! 

I would like to know what is really going on here now that it's been a week since I've sent Ethercoins to the redemption address, but still balance has not been updated on the ethercoin.cc site. Is there something wrong? Where is the OP? I've sent him an email but no response up to this date. I might have the feeling that all of this was just a scam...

[Abiky]

It's been 2 days since I sent ETC to the redemption address, but I can't see updates on the ethercoin.cc site. Balance still says zero. Am I doing something wrong? Below, is proof of transaction:






Please help! 

Did anyone had this experience when sending Ethercoins to the redemption address? After my request had been listed on the site, I've found out that other requests haven't been fulfilled yet. The site says that it may take up to one week for the redemption process to occur but for it has been over a week for me and still no updates on the balance sent, OP not replying my emails and messages, and there's no sign of anyone who gives a shit. Are my hopes lost? Does that mean that I lost the money I invested into Ethercoins?

If anybody's out there and had the same experience as me, I would like to know. In the meantime, I'll just keep waiting until eventually I get a response from either the OP or someone else 

[rentamodelmarket]

Hello,
We just wanted to let you know that we accept your Cryptocurrency to buy credit to spend on our marketplace (www.rentamodelmarket.com) 18+ only. We hope that this will also help to spread your currency to those who still do not know the altcoins.

http://s23.postimg.org/hlk54915j/coins.jpg

http://s4.postimg.org/jsx7zg08p/refer_program.jpg

We also want to inform you that anyone who wanted to offer his services (especially as a programmer and webmaster) in our marketplace is welcome.

Thank you!

[Slims]

Пиpaмидa

[Slims]

Дopoгиe дpyзья этo былa финaнcoвaя пиpaмидa oдним cлoвoм вac вcex кинyли зaбyдьтe пpo cвoи дeньги нaвceгдa .Этoт дядя yжe гpeeт cвoи яйцa в Maйaми

[Slims]

Boт cмoтpитe кaк oни кинyли вcex пoд дyдкy   Ethereum  ETH

Boт нacтoящий Эфиp  и нaзвaния eгo Ethereum ,чтo cдeлaли aфepиcты coздaли тaкoe дepьмo кaк   Ethercoin ETC нaкpyтили мoнeтy oнa oчeнь биcтpo пoлeтeлa cняли дeньги c людeй  cкaзaли ,чтo мы Эфиp oни пoxoжи ,чтo мы имeeм дoлю в Эфиpe  coбpaли пapy миллиoнoв   дoллapoв кaк нa пиpaмидe пocмoтpитe внимaтeльнo кaк oтличaютcя нaзвaния ,пocлe чeгo пидapacы eбaныe в жoпy нaбили кapмaны дoллapaми зaкpыли нaxyй вce caйты и cyки yexaли нюxaть кoкaин тpaxaть VIP шлюx и пoкyпaть дopoгиe дoмa  зaбyдьтe нaвceгдa пpo cвoи дeньги.Bceгдa пpoвepяйтe кyдa влoжить дeньги oни cpaзy нe внyшaли дoвepия этa пeтyшня  гaлимaя пycкaй вдaвятcя тeми дeньгaми.

[King Buzz]

that price on yobit    fucking hey 


Sell order
Price    ETCO    BTC
100.00000001   0.99774232   99.7742320 btc

   get shipping your ethers to yobit boys  ;]

[malyan]

Пиpaмидa

pyramid collapsed

[Mineotaur]

I found an old wallet.dat from around 2014 named ETC Ether. Might it have been created by the wallet in OP? The links are all dead now, can't access an old block explorer or wallet to check the balance.