There is an opinion that Earthcoin and all crypto-currencies have no worth or value outside what people are willing to pay for them.  The statement is true but it is myopic and does not reflect a deeper understanding.   Paper notes have NO WORTH outside what people are willing to pay for them as well!  The differences lie in the fact that paper money’s value is artificially regulated by manipulation of the money supply for the “betterment of the many” so rockets can be built to go to the moon, nuclear battleships can be constructed to provide protection from an invisible threat and the NSA has a budget to spy on its own people – would you knowingly pay a portion of your income to those projects??!!!  Crypto-currencies have a much different mechanism that governs their value through decentralization.  The system exists now to maintain control and enslave the rest of us – that is my opinion of course and although I try to remove it from the literature I use to promote EarthCoin, I think it is evident so I might as well say it. Wink

130 years ago, while you were chewing your chewing tobacco, hammering shoes over an anvil, and your neighbour was putting on the hinges to a coffin in his mortuary and the whore house down the street was sweeping the front step, a clean suited man came strolling up the dusty street with his briefcase in hand.  He looked sharp and crisp, new, government type – not a lawman.  He walked into the Saloon to a general audience and politely introduced himself as a disciple from the Federal Government.  He politely explained how all of you over the next few months had to turn your Gold into him in exchange for his paper notes which were now going to be considered legal tender for trade instead of you shaving bits of your Gold off out of your pocket which was a crude way to do business in his opinion.

wallet_logoInstead, they were going to take your Gold put it in a vault at a fixed rate they determined and they would give you some debt notes that were related to that Gold you have given them and you would use that for trade.  He was laughed out of the saloon and escorted kindly to the town limits.  However he returned with force the next time and it was written by decree or fiat, that you were to give up your Gold in exchange for paper notes under the threat of imprisonment!!

It took 20 years for people to finally accept the worthless paper money but enough education had passed that it was easy to correlate the idea of Gold in the vault to the serial numbered issuance of paper money so it began to be believed it had value.  Everyone became enslaved during that moment and over the years following, the treasury note was leveraged, fractionalized and derived magnitudes of order of its original value as the Government printed more and more and more with you powerless to do anything about it.  You simply must work harder and harder now to have the same thing as 50 years prior.

BUT the people who adopted paper money with out a fight and saw its future were rewarded accordingly.  People like the Rockefellas and JP Morgan and many others because of their early adoption they were allowed loans and credit and leverage for providing credibility to the paper note.  This extraordinary wealth through borrowing allowed them to build their early empires and benefit immensely where the people last to adopt its use benefited less.

EarthCoin and crypto currencies in general will follow the same path of reward BUT they are much different in the sense that everyone will benefit from them over time regardless of when they come in, as they only become more and more valuable over time providing a base to build for the next generation.  The early adopters will of course benefit more but not through its fractionalization, instead through its proliferation of acceptance.  EarthCoin’s supply is finite and limited and does not place the power of the creation of the money supply in a few hands, it awards that privilege to a decentralized mechanism that ensures its authenticity!! Simply incredible.

Hype is not required!  Education is.  And you are right, with proper EDUCATION each one of these currencies if not abused will form a massive market capitalization as people turn in their paper money for a crypto-currency and abandon the broken system.  Each coin will represent the underlying trade in which each was created for.  Many will find their own niches, even Sex Coin for its use on porno sites possibly and its market cap will be correlated to the amount of trade in that classification.

earthcoinEarthCoin will find its niche hopefully with everyone, an identity that can unite us all regardless of color, religion, race or nationality.  The Earth is a much better symbol of strength as it is the medium, the agar, the life-blood, which supports all of us!  Much more appropriate than an Eagle or All-Seeing Eye that represents the beliefs of 300 million people in the United States.  When you compare the two stores of value it is almost laughable that anyone in their right mind would even consider accepting those worthless debt notes.

Do you want to cause a revolution!  A real revolution!?  When crypto-currencies reach a critical mass of ownership (We are currently approaching 10 million), I am talking a few hundred million people, you would organize decentralized masses to converge on city centres, withdrawing as much paper notes from the banking system in their respective nations as possible and you would pile it in a mound in the centre of the mass of people at which point you would simultaneously light it on fire and watch it turn to ash, removing all belief that it had any value what so ever.  It would be a dramatic end to slavery.  The very next day, most commerce would begin in crypto-currencies and believe you me the World would work just fine.  The people who have used the debt model to become wealthy would not be too happy though because their paper money would barely pay the hydro bill.  I like Warren Buffet though, I would take care of him! Wink