Well community we have had some great developments since EarthCoin's birth. I won't rehash debates, arguments, acceptance, conspiracies, excitement and belief. You guys have been great though for the most part in your contributions and the merchants and charitable organizations and the like. To read about a student body in Italy whose belief in the currency promotes their own views of sustainability and the future is simply humbling. From our perspective EarthCoin is far from a pump and dump but more as a gift to humanity to eliminate borders and barriers and differences - mainly paper money currency differences! However do not kid yourself that many people if not a majority at the beginning of the creation of a crypto-currency, have pure profit in mind and it is totally understood and expected. Time horizons and especially beliefs are simply different. This is not a bad thing but definitely something the community should understand is a "necessary evil."
Merchants, Charitable Organizations, let alone speculators, have overhead or profits in mind. At the beginning this accumulates on the sell side with tens of millions of coins distributed amongst tens of thousands of people but over on the buy side you have millions of coins distributed amongst only thousands of people. Clearly there is an imbalance. Until that equilibrium is reached where tens of millions of coins amongst tens of thousands of people selling equals tens of millions of coins amongst tens of thousands of people buying the price will have to fall. Maybe we are already there but I doubt it. Bitcoin took two years to reach this level of sustainability. However we have many advantages over Bitcoin.
We are more advanced. We are faster, more efficient and have the luxury of all coins that have come before us to spread the information so our adoptability portion of time has definitely been condensed! Three weeks doubtful ha! However there is definitely something happening with $35,000USD worth of trade occurring in a 24 hour period. What we also have is us, the EarthCoin development team and extended organization - more valuable than anything any coin has ever had. You!
In saying that, there is only one way to build the buy side of a coin and speed up its adoptability and that is the spread of accurate information. So I feel in a extremely short period of time I/we have definitely got the engine running. It is sputtering and needs some injection line cleaner and clearly more fuel, but it is running. I will be cutting back on the menial tasks and reducing my frustration with the conspiracy theories and trying to bite my tongue with stupidity and I am asking the community to do what it does best - self-police, self-regulate. I will be supporting all of you in much larger ways behind the scenes and you will be seeing the results of it on web pages, partnerships and publications as our organization is spreading and the possibilities of appearing in the Wall Street Journal and the like appear to not be too far away from reality. I am not leaving but I am also not going to hold your hand through the fluctuations of adoption. I literally have worked myself into a frenzy and have been severely sick for the entire week getting progressively worse because there are no moments to rest. You are all big boys and girls here, more educated with what we are doing than anyone as evidenced by your participation on the message board alone. Do what you do best, create opportunity, spread accurate information regarding EarthCoin and ask people a very simple question - Why is your paper money worth anything? Their answer will sound comical when compared to a decentralized mechanism with 100% transparency and accountability. As an aside, if you follow economics, there is a reason that the Federal Reserve stopped issuing the M3 numbers in its publications. The value of the money supply simply shot right off the sheet! Even when the graph was scaled logarithmically, it still looked ridiculous. There was no solution other than to stop publishing it. That is the value behind paper money.
So I will be back on Monday and will be working in the shadows for the weekend. There will definitely be many surprises and wonderful events occurring in the near future. I am not even aware of what some will be - but I know they are coming because I can feel and see what is happening with our community, providers, moderators and contributors. Don't burn the house down and just stay healthy, we will buy the rest!
