ethercoin.cc (OP)
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September 28, 2014, 08:42:16 AM |
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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.
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ethercoin.cc (OP)
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September 28, 2014, 09:19:01 AM |
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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  |
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ethercoin.cc (OP)
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September 28, 2014, 09:49:30 AM
Last edit: September 29, 2014, 02:52:02 AM by ethercoin.cc |
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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. |
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ethercoin.cc (OP)
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September 28, 2014, 10:23:06 AM |
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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. |
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sdersdf3
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September 28, 2014, 08:37:33 PM |
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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 |
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axxo
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September 29, 2014, 12:42:46 AM |
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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. |
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iluvcrypto
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September 29, 2014, 06:52:25 PM |
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Hmm.. why was my post with the Mac wallet error deleted?  Is that resolved for MAC? |
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ethercoin.cc (OP)
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September 29, 2014, 07:02:11 PM |
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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. |
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Robert_x
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September 30, 2014, 12:16:17 AM |
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doriangray
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September 30, 2014, 01:44:10 AM |
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Indeed, but the market has no activity at the moment. |
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doriangray
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September 30, 2014, 02:06:09 AM |
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Just recieved 25 coins  Received my coins too. That was fast! |
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ObscureBean
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September 30, 2014, 07:14:22 AM
Last edit: September 30, 2014, 09:18:09 AM by ObscureBean |
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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!  |
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atv
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September 30, 2014, 10:07:02 AM |
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Ok, wallet works fine.
I hope to get 25 ETC.
yeah mine is workin well |
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Mover86
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September 30, 2014, 10:10:07 AM |
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I'm waiting for Dark Ether to come out. Count me in then.
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liu405
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September 30, 2014, 10:19:20 AM |
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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 .
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iluvcrypto
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September 30, 2014, 11:21:33 AM |
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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 |
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chukiduck
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September 30, 2014, 12:21:54 PM |
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Sent PM
Haven't received any coins yet...
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atv
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September 30, 2014, 12:33:53 PM |
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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 |
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robstak
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September 30, 2014, 09:01:31 PM |
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This coin seems interesting and definitely worth supporting.
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atv
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October 01, 2014, 12:48:15 AM |
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thx dev i received my 25 coins
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