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

[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.