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Author Topic: [ANN] [ETC] Ethercoin | Redeemable 1:1 for ethers | Official Thread  (Read 60937 times)
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May 04, 2015, 03:32:07 PM
 #201

what is ether?
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May 06, 2015, 07:27:22 PM
 #202

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.
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May 08, 2015, 03:11:38 PM
 #203

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.

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May 09, 2015, 09:28:27 PM
 #204

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.
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May 13, 2015, 05:52:56 AM
 #205

How about bonded escrow?  3x BTC value or something

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May 29, 2015, 12:06:04 AM
 #206

If anyone's looking to sell a lot of ether PM me with amount and pricing, thanks!
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June 22, 2015, 12:48:34 PM
 #207

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  Sad

Any help?

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June 22, 2015, 10:20:05 PM
 #208

Mac wallet stuck at 7.74% with 1 connection only. 
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June 23, 2015, 12:33:47 PM
 #209

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.
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June 23, 2015, 12:42:52 PM
 #210

No connections on MAC wallet Huh Huh
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June 24, 2015, 01:36:34 PM
 #211

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  Smiley

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

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July 21, 2015, 02:30:27 PM
 #212

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
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July 21, 2015, 02:34:13 PM
 #213

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  Wink

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July 22, 2015, 10:08:17 AM
 #214

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 Sad
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
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July 22, 2015, 12:17:48 PM
 #215

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 Sad
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.  Cheesy

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

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July 22, 2015, 01:31:43 PM
 #216

Thank you

all synchronised and wallet restored
 Smiley  Grin  Cool
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July 22, 2015, 01:45:55 PM
 #217

Thank you

all synchronised and wallet restored
 Smiley  Grin  Cool

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.  Cheesy

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July 22, 2015, 06:13:08 PM
 #218

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

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July 23, 2015, 11:55:00 AM
 #219

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

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July 23, 2015, 12:14:49 PM
 #220

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..  Roll Eyes

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