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Hype or Education? The Future of Earthcoin

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

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The EarthCoin Road Map to Adoption

EarthCoin was born 100 years to the day of the formation of the Federal Reserve Act.  Coincidence?  It was born out of a necessity to transfer value to anyone, anywhere with out burden or borders, a seemingly impossible task today.  More indirectly that concept has a broad implication for the World as we know it and it stands the chance to challenge the corrupt, fraudulent, manipulative owners of the legacy banking regime.  Those identifiers are not my opinions, you can research any financial paper to see the record fines for wrong-doing issued each and everyday.  Over one trillion dollars, that is a million multiplied by a million, in penalties against some of the biggest most reputable institutions on the planet, yet they continue to operate because it is believed that there is no alternative.

There is now.  EarthCoin.  A pretty logo with a belief behind it.  But not just any belief.  A transparent, cryptographic proof of work administered through a decentralized mechanism that verifies the integrity and the authenticity of the credit, or store of value we call EarthCoin kind of belief.  You do not have to take my word for things, you do not have to ‘trust’ the party you are transacting with, you can literally verify everything on the blockchain, a perfect ledger that maintains a record of every legitimate coin ever created.  It is even easier than that.  The verification occurs automatically through the network of participants who also believe in EarthCoin’s legitimacy.

The discussion that is to follow will be grande.  It will be a discussion that was reserved for a very few private elite individuals over the last few millenia.  From Kings of the early era, to our friends around the table on JekylIsland, the conversation that follows this post will be nothing short of inspirational and revolutionary.  The debate has always been profound, it is just that you have never been a part of it!

The debate will center on belief.  The understanding of not an idea, but a belief.  A belief that is so far entrenched in the lives of the earthcoincollective participants who believe, that it can withstand any attack, any discredit, any scrutiny.  The simplicity in that pretext alone makes one wonder how on Earth anyone convinced us to walk around with paper money in our pocket, whose value is represented by noteworthy historical individuals or animals or images of sacrifice and discovery, scripture that suggests the paper image is divine through its implication of “In God We Trust,” or how about the conspiratorial, mysterious artwork on the paper image that conjures up folklore legend and mystery, yet day after day we are cited example after example of the currency being untrustable, unsecure and especially unsustainable?  But that is exactly how it was done, through personification and imagery, preying on our weaknesses as human beings.

We all inherently know that paper money is worthless yet we base our entire existence upon it.  The belief in the store of value that we call money was and still is, secretly and carefully fashioned to take advantage of our most basic instincts.  Our empathy, our desire to be connected, our sacrifices and achievements, our identity among many other factors that are considered in the design of a paper note.  So much energy, time and effort has gone into these creations because in all actuality there is absolutely no value what-so-ever.   However in drawing inference to one’s beliefs and one’s identity, value can be implied!

The difference with a crypto-currency like EarthCoin however is that its’ perfectly simple algorthims, transparency and authenticity need no gimmicks or theatrics.  It is pure.  We, as a community, have been able to create value through a simple logo without any deception or personification or imagery.  The value exists from the beginning because of an inability to be counterfeited or manipulated or challenged, something traditional stores of value can never accomplish.

earthcoinSo if we take what we like to call a road map and have the entire journey to adoption mapped out through philosophical checkpoints and ideologies, imagine the strength, solidarity and value that can be achieved when we all sit in on the not so secret conversation of how to convince the World that EarthCoin is a true store of value.  No folklore, no legend, no divinity, no idol, just time and effort to educate the uninformed!

What I would like to follow is a roadmap of philosophical checkpoints.  Concepts that must be created, grown and fulfilled along the path to adoption using the secretive methodologies that were employed for traditional currencies.  When the medium being used is transparent, pure and true, then the discussion behind its development can also benefit from this good karma.

Through discussion I would like the community to develop a dozen titles for some checkpoints along the road to total adoption.  Each one of these titles will be placed in an easy to read graphic form along EarthCoin’s sine curve road of adoption.  Each title is a concept which will then link to its forum post where it can be discussed developed, grown and implemented.  Everyone will have ideas, some will not be accepted, some will be cheered, some will overlap in other areas.  It is the point of discussion.  Some would say this is impossible, and this is exactly why ten men around a table are a much better strategy to create and have an idea adopted.  I disagree.  I do not believe those people had an occasion where the topic of discussion had the ability to directly benefit an unlimited amount of people that participate.  In the traditional sense, there are leaders and there are followers.  With EarthCoin we all are leaders and have proportional ownership of the concept, simply revolutionary!

The first bulletin on the roadmap will be EarthCoin’s birth.

a)      EarthCoin born December 20th, 2013 – 100th  Anniversary of the Federal Reserve.

-          This will be a post on the EarthCoinTalk forum where as developers we will describe ourselves, our beliefs, our reasons for creating the coin and you will learn quite a bit about the eccentric, sometimes sensational personalities behind the creation.  That is an ongoing discussion as we ourselves evolve and assimilate more developers behind the scenes.

b)      The Perception of EarthCoin

-          From its graphics to its colors, this too will be a philosophical idea and checkpoint on the road.   Its scope is large, evolving and never ending through its discussion.

-          Marketing assets, identifiable traits that represent us all – not an eagle or the all seeing eye.

-          Identify how and why one would believe in paper money?

-          What allows someone to believe in EarthCoin, what do we want it to be?

-          Using the tools employed to bring about a following of other legacy currencies is not an evil thing when used in the decentralized nature we have the privilege of operating in today.  The discussion is not private anymore, it is for everyone!

The community under the main thread can come up with the bulletin points of the ideological checkpoints that need to be discussed to bring about full adoption.  Again this is just a frame work that one person has come up with, me.  I may not be right in my perspective of how to accomplish this but I have given it considerable insight and tried to play the thought experiment through to conclusion and this seems like the way in which one would participate in such a broad development that involves all of us.

Let the creativity begin!

 

Wes

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Cryptocurrencies

Something to remember with the adoptability curve of crypto currencies and generally any idea that becomes self sustaining.  I have played BTC’s like a fiddle and will continue to do so however I am not blind to see the cryptographic proof of work models should be the overseer for all property rights be it ownerships, deeds or properties or currencies.  The antiquated system of trusting someone who has been placed in a position of power through nepotism, privileged upbringing or luck is over.  Fallible men should be not in central control over ownership of anything.  An organization to verify and provide for the authenticity of Gold, a central registry to monitor paper money, a municipal property department to account for your property.  All ancient, wasteful, inefficient and crooked systems.

Instead a decentralized cryptographic proof such as what exists with many crypto-currencies today is undoubtedly superior and now inevitable.  Many organizations are going to try to create their own cryptographic currencies while retaining ownership in some way – they will eventually die as well.  JPM has tried for 14 years, among many others currently rushing their programs though.  The antiquated fiat system will not die with out a fight and you can expect newsworthy headlines to influence trading in some form or aspect.  Rest assured however there is only one way to cause a crypto currency to fail and that is a fork in the road or a double spend due to inadequate mining.

 

earthcoin_phoneapSo to demystify the trading irregularities of a new crypto currency regard the psychology behind price spikes where ownership becomes centralized with the few risk takers who would like to take the spike through to conclusion as others abandon ship through profits or fear.  As ownership becomes concentrated on the “momentum/greedy” players, volatility rises as the distribution is dwindled.  I will tell you that the most valuable time during the adoptability curve of a crypto currency lies in the months where distribution occurs amongst a large demographic with little volatility and little price movement – quite the opposite to conventional wisdom or intuition.  Ownership of “shares” are diversified amongst risk tolerances, preparing for the next spike in the adoptability curve and the cycle repeats itself until the currency will eventually find its niche amongst the real players or it succumbs to the proverbial pump and dump.

EAC’s are about to experience this price movement and I am part of them.  I believe in the brand, the developer and the development team.  With proper marketing and conscious this crypto-currency can fill a retail niche beyond any other.  Its brand is identifiable to the masses and they have already gained an incredible amount of credibility with the minuscule amount of pre-mine to fund operations and development.  There is no doubt after 8 days that EarthCoin is here to stay boys and girls and I for one am motivated to promote it into the stratosphere.  Incredible things are coming for this crypto-currency but do not be fooled by its growth fits and starts.  The financial system we live in is bleeding and the wound can not be sealed, it is fatal.  A new phoenix has risen for a new era.

Never forget there is more than enough food to feed everyone on the planet.  The problem lies in the ownership of the US Dollars to buy that food!  That game is coming to and end.

Great job EarthCoin team!  Stay the course, your fate will find you, you do not have to look for it.

- by WesandEAC

 

This is an opinion originally published on bitcointalk.org. Let us know your viewpoint in the comments below.

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